In recent years, independent car manufacturers have made great progress in terms of brand influence and research and development strength. As the leader of its own car brand, Geely Automobile's every move has attracted the attention of the majority of car owners. According to the wisdom car pie, on March 23, Geely Automobile Holdings Co., Ltd. released the latest 2021 financial report. The data shows that Geely Automobile achieved revenue of more than 100 billion yuan last year, and car sales achieved steady growth.
Geely Automobile
According to the financial report data, the total revenue of Geely Automobile Holdings Co., Ltd. in 2021 reached 101.611 billion yuan, an increase of 10.3% year-on-year; the net profit was 4.35 billion yuan, down 22% year-on-year, compared with 5.57 billion yuan in the same period last year. In addition, profit attributable to shareholders was RMB4,847 million, down 12% year-on-year, earnings per share were RMB0.48, and a proposed final dividend of HK$0.21 per share was recommended. It is reported that Geely Automobile's total cash level is 28 billion yuan, and its free cash flow has reached a record high of 20.8 billion yuan.
Geely Auto released its 2021 financial report
Geely Automobile said that demand in major export markets will recover rapidly in 2021, and export sales will continue to grow strongly by 58% year-on-year to about 115,000 units. Overall, the group sold approximately 1.328 million vehicles (including Lynk & Co sales) in 2021, up 1% from 2020.