Trade Geely Automobile Holdings Limited - 0175 CFD

Geely Automobile Company profile

About Geely Automobile Holdings Ltd

Geely Automobile Holdings Ltd is an investment holding company principally engaged in the production and sales of automobiles. The Company mainly develops, manufactures and sells automobiles, including cars, sport utility vehicles (SUVs), new energy and electrified vehicles. The Company's car types include home, travel and sports. The Company's new energy and electrified vehicles include electric vehicles, battery electric vehicles, hybrid electric vehicles, mild hybrid electric vehicles and plug-in hybrid electric vehicles. In addition, the Company produces and sells automobile parts and related automobile components. The Company also sells licenses for its intellectual property.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Geely Automobile Holdings Ltd revenues increased 10% to RMB101.61B. Net income applicable to common stockholders decreased 13% to RMB4.72B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Administrative expenses increase of 38% to RMB7.91B (expense).