Geely Automobile (175) investor relations material

Executive summary

• Revenue rose 15% year-over-year to RMB83,776 million for Q1 2026, driven by export growth and higher-value product mix.

• Sales volume increased 1% year-over-year to 709,358 units.

• Profit attributable to owners fell 27% year-over-year to RMB4,166 million, mainly due to adverse foreign exchange impacts.

• Core profit attributable to owners (non-HKFRS) grew 31% year-over-year to RMB4,561 million, reflecting improved operating efficiency.

Financial highlights

• Gross profit increased to RMB14,664 million from RMB11,446 million year-over-year.

• Other gains/(losses), net, dropped to RMB473 million from RMB3,596 million, with a net foreign exchange loss of RMB497 million versus a gain of RMB3,028 million last year.

• Total assets decreased 5% to RMB276,789 million as of 31 March 2026 compared to year-end 2025.

• Equity attributable to owners rose 3% to RMB95,287 million.

• Net current liabilities improved to RMB15,541 million from RMB20,047 million at year-end 2025.

Outlook and guidance

• Management believes sufficient financial resources are available to meet liabilities and support ongoing operations.

• Ongoing measures to enhance liquidity and optimize capital structure, including working capital management and prudent capital expenditure control.