On March 23, Geely Automobile released the company's 2021 financial report in accordance with past practice. According to the financial report, the company achieved revenue totaling RMB101.6 billion in 2021, an increase of 10.3% year-on-year; profit attributable to shareholders net of share payments of RMB6.06 billion, an increase of 9.4% year-on-year; profit attributable to shareholders of RMB4.85 billion and net profit of RMB4.35 billion.
At the same time, Geely Automobile's cash flow management is stable, with total cash reaching 28 billion yuan, a record high, and net cash reaching 20.8 billion yuan. In addition, the Company proposes to distribute a dividend of HK$0.21 per share, representing a dividend ratio of 35.3%, an increase of 5.8 percentage points over 2020.
There is no doubt that the continuous improvement of this core financial indicator and the excellent cash level of high-quality financial reports not only show that Geely Automobile has the basis for continuing to practice high-quality development in the face of century-long changes and the epidemic of the century, but also ushers in a good start for Geely to open a five-year surpass.
2021 is undoubtedly a key year for Geely Automobile to move from the 3.0 boutique car era to the 4.0 architecture car manufacturing era. Looking back at the development of Geely Automobile this year, whether it is the adjustment of personnel and organizational structure, or at the critical point of transformation to "intelligent travel technology enterprises", a diversified development path has been built, and the ultimate goal is to comprehensively promote the landing of the "Smart Geely 2025" strategy.
According to the data, the strategic points of "Smart Geely 2025" include adhering to high-quality development, adhering to technology leadership, and building a "one network and three systems" composed of "smart Geely technology ecological network" and "smart energy, intelligent manufacturing, and intelligent services".
Judging from the results of the 201 financial report, "adhering to high-quality development" has achieved remarkable results in 2021, not only the premium ability of Geely Automobile's brands has been significantly improved, but also the high-value strategy has helped Geely Automobile achieve upward development and value jump.
Among them, the overall average bicycle revenue of Geely Automobile (including Lynk & Co) was 87,672 yuan, an increase of 9.0% year-on-year; the total sales volume of the Geely brand "China Star" high-end series exceeded 200,000 units last year; the average weighted transaction price of the Lynk & Co brand reached 165,000 yuan; since the delivery of the Krypton brand began to be delivered in October 2021, the cumulative delivery of 12,453 units in four months, with an average order price of 335,000 yuan; new energy and electrification sales exceeded 100,000, of which the geometric growth reached 145.3%, In the A-class pure electricity market share of 7.43%, ranking third.
Overseas markets also performed well, exporting 115,000 units in 2021, up 58.2% year-on-year. Lynk & Co has achieved normalized exports to Europe, achieved terminal delivery in the Netherlands, Germany, Belgium and other markets, landed in Kuwait as the first stop of the Asia-Pacific strategy, and began to deliver in four countries in the Middle East, creating a model for China's high-end brands to go overseas.
"Insisting on technology leading" has also become the main tone of Geely Automobile in 2021. According to the data, Geely Automobile invested a total of 5.5 billion yuan in research and development last year, an increase of 16.1% year-on-year, ranking among the best in the industry. In the past five years, Geely Automobile's total R&D investment has reached 25.6 billion yuan, of which intelligence and electrification are the key research and development layout areas of Geely Automobile.
At present, Geely Automobile is accelerating the process of intelligent networking, focusing on strengthening software self-research and accelerating the realization of a new generation of intelligent driving and intelligent cockpit applications. Among them, the "new generation of intelligent cockpit" technology based on 7nm chips will be displayed this year and will be the first to be installed on the new smart SUV; the world's first all-electric vehicle with L4 automatic driving capability will be launched in 2024 for the deepening cooperation between Ji Kr and Mobileye; as the official partner of the 2022 Hangzhou Asian Games, Geely Automobile will also provide 1,800 passenger cars for the Connection Service of the Hangzhou Asian Games, and land a 6V5R intelligent driving system (NOA).
In addition, Geely Automobile will continue to increase its R&D investment in new energy products, and will make full efforts on pure electricity, super mixing, alcohol-electric hybridization, power exchange and other tracks. At present, Ruilan Automobile, which focuses on power replacement travel, has opened a new pattern of power replacement for Geely Automobile, and more than 8 models of Thor Hi · X-oil-electric hybrid and super-electric hybrid products are also planned to be launched on the market.
In terms of building "one network and three systems", Geely Automobile has steadily built a competitive hard-core technology ecosystem network around the field of large-scale travel through years of research and development investment. The system network is an end-to-end self-research system and ecological alliance built around chips, software operating systems, technical data and satellite networks based on intelligent architecture as a new infrastructure, involving new energy technology, Internet of Vehicles, automatic driving, low-orbit satellites, on-board chips, operating systems and other business sectors.
At the same time, focusing on the three major systems of "intelligent energy, intelligent manufacturing and intelligent services", Geely Automobile has also created a Lei Shen Zhi Qing Hi · X, battery module and Pack technology, exclusive power exchange architecture, 800V electric drive system, methanol fuel, etc., to create the world's first "Geely Industrial Internet Platform - Geega" originated from the automotive industry and serve the entire industry, to create a user experience-centric full-value, full-link intelligent service system.
Looking back at 2021, although the world is in a period of turbulent change, and the uncertainty of the global macro economy affects the operation and development of the automotive industry, we still have reason to believe that as Geely Automobile's new product layout has entered the harvest period, a variety of modular architecture platforms that have been built have achieved results in recent years, as well as a series of ecosystem layouts around intelligence and electrification, this year's Geely Automobile will usher in greater improvement in sales and revenue, and the annual target of 1.65 million vehicles has the opportunity to be achieved. A solid technical moat will also help Geely Automobile to promote the upward development of China's automobile industry and lay the foundation for long-term development.