Geely Auto's 2024 financial report released, with both revenue and profit reaching new highs

Geely Auto released its 2024 financial report on March 20, with total revenue exceeding RMB 240 billion for the first time, up 34% year-on-year to RMB 240.2 billion, a record high. At the same time, the company's net profit also reached RMB 16.6 billion, a significant year-on-year increase of 213%. In addition, Geely Auto's total gross profit also increased to RMB 38.2 billion, with a gross profit margin of 15.9%. The company's net cash level also increased by 40% to RMB 39.8 billion, also a record high.