Geely Auto Increases 5 times, Li Shufu Property Increases to 37,200,000,000 Yuan

Gasgoo.com (Shanghai March 3rd, 2017) - Data shows that Geely Auto was at the lowest value HK $2.722 on February 12th, 2016. Then it began to rise, and on February 21st, 2017 it rose to HK $11.4, with a net increase of 419%, creating a new record.

Although recently Geely Auto price fell slightly, the total market value is still up to HK $42 billion (about 37,200,000,000 yuan), considering that Li Shufu holds 44.5% shares of Geely Auto.

On the "2016 Hurun Rich List", 37,200,000,000 yuan ranked 37th, only next to the Great Wall Motor(02333), Wei Jianjun and Han Xuejuan (39,500,000,000 yuan), while Li Shufu and his son ranked 50th with 30,500 ,000,000 yuan.

It is worth mentioning that the deadline for the calculation of “2016 Hurun Rich List” was August 15th. From August 15th to now, Geely shares rise by 85%, which means Li Shufu's shares (ignoring the small part) have risen by about 19,300,000,000 yuan. With 49,800,000,000 yuan, Li Shufu and his son can rank 22nd on “2016 Hurun Rich List”.

Thanks to the acquisition of Volvo in 2010, after 6 years of "integration" development, Geely brings amazing results.

Operating profit of Volvo in 2016 is SEK11 billion, an increase of 66%. Its global sales in 2016 reached 534,000 units, a record high. Hakan Samuelsson, CEO of Volvo, said, “Volvo's sales will make another record in 2017”. Volvo's technology began to penetrate the Geely Auto Products, which led to the rise in sales.

It is interesting that Li Shufu, the largest shareholder of Geely Auto, has always been optimistic about the development of the company in the past two years. So he continues to increase equity in Geely Auto.

It now appears that holdings bring about the growth of wealth. In fact, in addition to large bonus, Geely also bring huge returns to investors since its list. Its share price rises from HK $0.524 on January 2nd, 1998 to HK $10.66 on March 1st, 2017, an increase of nearly 20 times.