On March 23, Geely Automobile Holdings Limited (hereinafter referred to as "Geely Automobile") disclosed its 2021 financial report.
According to the data, in 2021, Geely Automobile achieved operating income of 101.611 billion yuan, an increase of 10.3% year-on-year; net profit of 4.353 billion yuan, down 21.9% year-on-year; expenditure on research and development costs of 5.518 billion yuan, an increase of 47.6% year-on-year.
Specifically analyze the operating income composition of Geely Automobile in 2021. According to product classification, the operating income of automobile sales and related services was 87.697 billion yuan, an increase of 4.6% year-on-year; the operating income of auto parts sales was 8.798 billion yuan, an increase of 25.9% year-on-year; the operating income of research and development and related technical support services was 3.251 billion yuan, an increase of 336.4% year-on-year; the operating income of intellectual property licensing was 1.275 billion yuan, an increase of 125.4% year-on-year; and the operating income of battery packs and related parts was 589 million yuan, without this income in 2020.
In terms of automobile sales, Geely Automobile's domestic sales volume in China in 2021 fell by 3% year-on-year to 1.213 million units, export sales increased by 58% year-on-year to 115,000 units, and total sales rose by 1% year-on-year to 1.328 million units. At the same time, Geely Automobile's board of directors has set a sales target of 1.65 million units in 2022, an increase of about 24% over total sales in 2021. The above sales include sales of "Lynk & Co" cars sold by Geely Automobile's 50% joint venture company.
As of press time, Geely Automobile's stock price was quoted at HK$12.12 per share, with a total market value of HK$121.4 billion (about 98.8 billion yuan), down more than 43% since 2022. (Article | Zheng Haojun, Weekly of Finance and Economics)