At noon on March 23, Geely Automobile Holdings Co., Ltd. (hereinafter referred to as Geely Automobile) released its 2021 financial results. According to the financial report, in fiscal 2021, Geely Automobile achieved revenue of 101.6 billion yuan, an increase of 10.3% year-on-year; profit attributable to shareholders after deducting share payments of 6.06 billion yuan, an increase of 9.4% year-on-year; profit attributable to shareholders of 4.85 billion yuan; net profit of 4.35 billion yuan; cash flow hit a record high of 28 billion yuan, an increase of 47% over the previous year.
Most of the performance indicators have increased compared to 2020. The reason is that, in addition to the objective factors of the market consumption environment in 2021, it is also related to the diversification profit structure of Geely Automobile in 2021, such as the increase in automobile revenue, the hot sales of high-end brands and licensing revenue.
In 2021, Geely Automobile sold 1.328 million units, and although it failed to achieve the annual sales target of 1.53 million units, it still ranked first in the sales of Chinese passenger car brands. Moreover, in recent years, Geely Automobile has continuously increased its investment in core technology and product research and development, and Geely Automobile, which has entered the era of science and technology Geely 4.0, has gradually achieved results in high-end and high-value transformation.
It can be seen that in 2021, under the strength of high-end brands such as the Lynk & Co brand and the Extreme Krypton brand, as well as the continuous "upward" product offensive of geely automobile CMA China star sequence, 2021 Geely Automobile (including Lynk & Co) not only increased by 9% year-on-year to 87672 yuan, but also made significant progress in single brands such as Lynk & Co and Extreme Kr.
Among them, Lynk & Co Automobile, which broke through 200,000 annual sales for the first time in 2021, has an average transaction price of 165,000 yuan, which has come to the core price hinterland of the mainstream market. As the fastest growing brand in Geely Automobile and even the domestic automobile industry, since the pre-sale of the first model, Extreme Kr ZEEKR 001, has reached an average order price of 335,000 yuan since the pre-sale of the first model, Extreme Kr 001, further refreshing the value of China's smart electric vehicle brands to a new high.
According to official data, since the launch of deliveries in October 2021, Extreme Kr has delivered 12,453 models in these four months, and within this year, Extreme Kr is expected to achieve a sales target of 70,000 vehicles, and in the next three years, Extreme Kr will launch 6 new products. It is worth mentioning that in addition to these two high-end brands, China Star Sequence also plays a crucial role in improving the overall product value of Geely Automobile.
According to the financial report, the annual sales volume of Geely Automobile's China Star series products in 2021 has exceeded 200,000 vehicles. At the end of March this year, based on the thunder god Intelligence, Hi · The Star-Vietnam L Raytheon Hybrid created by X will also officially usher in the global market, and with the addition of new models, the value transformation of Geely Automobile is expected to achieve further results.
Of course, in addition to the product structure, in 20201, Geely Automobile's financial product Jizhi Financial also achieved a net profit growth of 45% year-on-year, and the profit of technical services and licensing also increased by 245.3% year-on-year. It is not difficult to see that geely automobile has formed a diversified profit income structure in 2021.
In addition to key data such as operating income and profit performance, the financial data of Geely Automobile's R&D investment in 2021 is also particularly noteworthy. According to the financial report, Geely Automobile's R&D investment in 2021 increased by 16.1% year-on-year to 5.5 billion yuan in 2020. In the past five years, Geely Automobile's cumulative R&D investment has exceeded 25 billion yuan, reaching 25.6 billion yuan.
Under such a huge investment in research and development, in fact, it is also possible to manage the leopard and gain insight into the future development of Geely Automobile. According to Gui Shengyue, chief executive officer and executive director of Geely Automobile Holdings Co., Ltd., at the financial report press conference, the growth of Geely Automobile's R&D investment in 2021 is mainly due to the increase in investment in Extreme Kr Automobile.
As an important growth engine of Geely in the high-end intelligent electric vehicle market, Extreme Krypton Automobile is not only an important part of Geely Automobile's high-end, but also represents geely Automobile's competitiveness in the future automobile market. Therefore, Geely's increase in the research and development of extreme krypton vehicles is actually the emphasis on self-developed science and technology in core areas such as new energy and intelligence. In fact, such a forward-looking layout can also be more forward-looking for future market competition.
Therefore, according to Geely Automobile's planning, this year Geely Automobile will also increase its investment in research and development in new energy products, and make full efforts on pure electricity, super electric hybrid, alcohol-electric hybrid, and power exchange track. This year, the Geely automobile brand will launch 8 hybrid models, including 5 Thor super hybrid models and 3 Thor oil hybrid models. In addition, Geely Automobile will also release a gasoline-electric hybrid model. In terms of the Krypton brand, a new luxury smart pure electric MPV will be launched, and the geometric brand will launch a new pure electric SUV.