Geely Automobile ( (GELYF) ) has released its Q4 earnings. Here is a breakdown of the information Geely Automobile presented to its investors.
Geely Automobile Holdings Limited, a prominent player in the automotive industry, is engaged in the production and sale of automobiles, automobile parts, and related services, with a significant presence in the Chinese market and expanding global reach.
In its latest earnings report, Geely Automobile showcased a robust financial performance for the year ended December 31, 2024, marked by a substantial increase in sales volume and revenue. The company reported a 32% rise in sales volume and a 34% increase in revenue, reflecting strong demand for its vehicles.
Key financial highlights include a remarkable 240% surge in profit for the year, reaching RMB 16.8 billion, and a 213% increase in profit attributable to equity holders. Earnings per share saw a significant rise, with basic earnings per share climbing 219% to RMB 1.64. The company also proposed a 50% increase in the final dividend per ordinary share, subject to shareholder approval.
Looking ahead, Geely Automobile’s management remains optimistic about the company’s growth prospects, supported by strong financial resources and a strategic focus on innovation and expansion in both domestic and international markets.