Summary by Futu AI
Geely Auto Holdings Limited ('Geely Auto') announced on June 28, 2024 that its unaudited financial performance for the first quarter ended March 31, 2024, showed that the company and its subsidiaries achieved sales of 475,700 vehicles, a year-on-year increase of 49%. Revenue reached RMB 52.315 billion, a year-on-year increase of 56%, and the net profit attributable to the company's equity holders was RMB 1.561 billion, a significant increase of 119% year-on-year. In addition, the gross margin increased from RMB 4.75 billion in the same period last year to RMB 7.15 billion, a year-on-year increase of 51%. The company's total assets were RMB 189.229 billion, a slight decrease of 2% from the end of last year, and the equity attributable to the company's equity holders...Show More