Chinese automaker Geely Automobile posted marginal profit growth in 2025 despite a sharp rise in revenue, as pricing pressure and higher costs weighed on earnings.

Net profit increased 0.2% year-on-year (YoY) to 16.85bn yuan ($2.44bn) for the year ended 31 December 2025.

The company attributed the subdued growth to “fierce price competition in the industry” and elevated distribution and research expenses.

Revenue rose 25% YoY to 345.23bn yuan, supported by a 39% increase in total vehicle sales, which exceeded its revised annual target of three million units.

Earnings per share indicated largely stable profitability.

Basic EPS increased 1% to 1.67 yuan, while diluted EPS declined 1% to 1.63 yuan.

During the year, the company made several portfolio adjustments.

It reduced its stake in Guangdong Xinyueneng Semiconductor Company from 40% to 26.07%, reclassifying it from a joint venture to an associate and recognising a disposal-related gain in 2024.

It also raised its holding in Wuxi InfiMotion Technology Company to 38.23% through additional equity investment and capital injections, maintaining its associate status and recording a deemed disposal gain of 101.63m yuan in 2025.

Operationally, Geely reported significant expansion in new energy vehicles (NEVs).

NEV sales rose 90% YoY to 1,687,767 units, accounting for 56% of total sales.

The company noted that China’s NEV penetration rate surpassed 50% in 2025, with automotive intelligence emerging as a central development focus.

Looking ahead, it said the global automotive industry faces structural adjustments, policy shifts and cost pressures, while also presenting opportunities in electrification, intelligent vehicle technologies and international expansion.