Volvo Cars owner Geely Auto Group has had a good first half in 2018.
Total revenue (excluding new brand Lynk & Co) increased 36% year on year to RMB53.71bn.
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The gross margin ratio improved further in the first half of 2018 due to a better product mix (higher proportion of higher margin models) and economies of scale.
Profit was up 54% to RMB6.67bn while earnings per share (EPS) rose 52% to RMB72.65.
The group sold 766,630 vehicles (including those sold by the 50% owned JV Lynk&Co), up 44%.
A spokesman said: "With the strong sales performance of the group's products in the first half of 2018 and good market feedback for the upcoming new models to be launched in the remainder of the year, the group's management team is very confident to achieve and believes it is likely to exceed the full year sales volume target of 1,580,000 units in 2018."
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