Geely Reports Record Earnings Amid Strong Sales, Cost Cuts

Geely Automobile Holdings Limited has announced a final cash dividend of HKD 0.33 per share for the financial year ending December 31, 2024, with payment scheduled for July 25, 2025, pending shareholder approval on May 30, 2025. This reflects the company's strong financial performance, which includes a 213% increase in net income to 16.6 billion yuan, surpassing analyst expectations, and a 34% rise in revenue to 240.2 billion yuan for the year. The acquisition of LYNK & CO has also contributed to improved market positioning and operational capabilities for Geely's subsidiary, ZEEKR Intelligent Technology. These developments highlight Geely's strategic efforts to enhance competitiveness in the automotive industry amid a challenging market environment. The announcements are likely to positively influence investor sentiment and strengthen shareholder relations.