Recently, Geely Holding Group (hereinafter referred to as “Geely”) officially launched a financial sharing project in collaboration with Kingdee Software (China) Co., Ltd. (hereinafter referred to as “Kingdee”) to support Geely’s digital and informational capacity building needs during its rapid business expansion, assisting Geely’s financial system in transforming towards intelligence and efficiency.

Zhejiang Geely Holding Group was established in 1986, with businesses covering the automotive and upstream and downstream industry chains, smart mobility services, green transportation, alcohol-hydrogen ecology, and digital technology. It has been listed in the Fortune Global 500 for thirteen consecutive years (ranked 185th in 2024) and is the tenth largest automotive company in the world by sales volume. Currently, the automotive industry is shifting from an incremental market to a stock competition, where cost control and profitability have become key. At the same time, as the policy supervision environment becomes increasingly strict, there are higher demands for the规范性, accuracy, and transparency of financial data. During Geely’s diversification and expansion process, the financial landscape has become increasingly complex, and the difficulty of management has significantly increased. The group’s financial functions need to shift from backend accounting to business empowerment, helping the company achieve data-driven refined management. Against this backdrop, Geely urgently needs to build an integrated financial digital platform, link the data chain, and enhance the synergy between finance and operations to strengthen the group’s adaptability and compliance competitiveness in the fierce market competition.

Liu Chengzhen, the manager of the Zhejiang Geely Holding Group Shared Service Center, first affirmed the value and significance of the Geely financial sharing project. She mentioned that the construction of the financial shared system can not only enhance financial management <Efficiency>, achieve <Cost Reduction> and risk control, and enable efficient allocations of <Resource>, but also streamline <Flow> and empower business improvement.

Zhao Yanxi, the Executive Vice President of Kingdee China and President of the Operations Center, expressed sincere gratitude to Geely for choosing Kingdee again. He stated that the successful collaboration between both parties in the HR domain will lay a good foundation for this financial sharing project. For over 30 years since its establishment, Kingdee has completed its cloud transformation and is now actively transitioning into an enterprise management AI company. In the future, Kingdee will leverage advanced technologies such as AI and experience in enterprise management transformation to assist Geely in building an intelligent financial system and promoting industry progress. In this financial <x1>Share</x1> <x2>Project</x2>, Kingdee will form a cross-disciplinary team, adopting an agile <x3>Iteration</x3> <x4>Mode</x4> to provide professional support for the <x5>Project</x5>, jointly creating a benchmark <x6>Project</x6> for financial digitization in global automotive and equipment manufacturing industries.

Zhang Zhengzhu, the manager of the Digital Center at Geely Holding Group, acknowledged Kingdee’s professional capacity and shared the successful experience of a previous HR project. He proposed that this financial sharing project, with the reconstruction of the automotive IT system as a successfully done example, will arrange a financial data governance team to sort out the existing data quality, ensuring a smooth transition of historical data; establish a business and IT support team to have dedicated personnel connect with numerous business system interfaces; and also replan the operational processes in conjunction with AI technology. The digital center will allocate AI expert resources to fully promote the achievement of the project.

Zhang Houyan, the Chief Financial Officer of Geely Automobiles Group, emphasized that the complexity of this project far exceeds the conventional level in the industry, requiring both parties to leverage their respective strengths and collaborate closely. I hope Kingdee can fully leverage its experience in implementing large groups, match composite talents, consider agile iteration needs, and collaborate with multiple teams in finance, IT, and business to achieve an efficient integration of accounting standardization and sharing systems.

Zhang Quan, Vice President and Chief Financial Officer of Zhejiang Geely Holding Group, has high hopes for the project. The current financial upgrade aims to embed AI applications to jointly complete the financial digitalization construction with high quality. He stated that Geely will also fully ensure the advancement of the project and looks forward to working with Kingdee to create a revolutionary financial shared center, becoming a model in the industry.

The meeting was hosted by Yang Hexing, the Person Responsible for Financial Share Digitalization at Zhejiang Geely Holding Group. Liu Weiqiang, the deputy manager of Kingdee’s Hangzhou branch in China, presented the overall project plan.

For over 30 years since its establishment, Kingdee, as a globally renowned enterprise management cloud SaaS company, has been committed to providing digital solutions for businesses. It has helped more than 7.4 million enterprises, governments, and organizations build configurable EBC (Enterprise Business Capability), including leading companies in the automotive industry such as Dongfeng Motor, Zhengtong Automobiles, and Yuntong Automobiles. In the future, Kingdee will fully leverage its rich experience and leading technology in the field of enterprise digital management to explore more digital innovation applications together with Geely, innovate financial development models, and contribute to the high-quality development of the industry.