Core Viewpoint - Geely Automobile has received approval for debt financing tools amounting to a total of up to RMB 10 billion from the China Interbank Market Dealers Association, allowing the company to issue various debt instruments over the next two years [1] Group 1: Debt Financing Approval - The company submitted an application for debt financing tools registration on August 2025 [1] - The acceptance notice from the association was dated October 9, 2025 [1] - The approved total amount for debt financing tools is not to exceed RMB 10 billion [1] Group 2: Issuance Details - The company is permitted to issue various products including super short-term financing bonds, short-term financing bonds, medium-term notes, perpetual notes, asset-backed notes, and green debt financing tools [1] - The issuance can occur in multiple phases and over a two-year period from the acceptance notice date [1]

Core Viewpoint - Geely Automobile has received approval for a debt financing tool registration from the China Interbank Market Dealers Association, allowing it to issue debt instruments totaling up to RMB 10 billion [1] Group 1 - The company submitted its application for debt financing tools on August 2025 and received the acceptance notice on October 9, 2025 [1] - The approved total amount for the debt financing tools is not to exceed RMB 10 billion [1] - The company can issue various products including super short-term financing bonds, short-term financing bonds, medium-term notes, perpetual notes, asset-backed notes, and green debt financing tools within two years from the acceptance notice date [1]

Core Viewpoint - Geely Automobile has been approved by the China Interbank Market Dealers Association to register debt financing instruments not exceeding RMB 10 billion, allowing the company to issue various financial products over a two-year period [1] Group 1 - The company can issue multiple types of debt instruments including super short-term financing bonds, short-term financing bonds, medium-term notes, perpetual notes, asset-backed notes, and green debt financing instruments [1]

Core Viewpoint - Geely Automobile has received approval for a debt financing tool registration from the China Interbank Market Dealers Association, allowing the company to issue debt instruments totaling up to RMB 10 billion [1] Group 1: Debt Financing Details - The company submitted its application for debt financing tools on August 2025 and received the acceptance notice on October 9, 2025 [1] - The approved total amount for the debt financing tools is not to exceed RMB 10 billion [1] - The company can issue various products including super short-term financing bonds, short-term financing bonds, medium-term notes, perpetual notes, asset-backed notes, and green debt financing tools within two years from the acceptance notice date [1]

Core Viewpoint - Geely Automobile has received approval for a debt financing tool registration from the China Interbank Market Dealers Association, allowing the company to issue debt instruments totaling up to RMB 10 billion [1] Group 1 - The company submitted its application for debt financing tools on August 2025 and received the acceptance notice on October 9, 2025 [1] - The approved total amount for the debt financing tools is not to exceed RMB 10 billion [1] - The company can issue various products including super short-term financing bonds, short-term financing bonds, medium-term notes, perpetual notes, asset-backed notes, and green debt financing tools within two years from the acceptance notice date [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈僅供參考之用，並不構成收購、購買或認購證券的邀請或要約招攬或訂立協議以 作出任何該等事宜的邀請，亦非邀請收購、購買或認購任何證券的任何要約。 根據接受註冊通知書，本公司獲批准註冊債務融資工具的總額度不超過人民幣100億元 的。本公司可自接受註冊通知書日期起兩年內，分期及多次發行包括超短期融資券、短 期融資券、中期票據、永續票據、資產支持票據及綠色債務融資工具等產品。 本公司將適時就發行債務融資工具（如有）另行刊發公佈。 - 1 - 股東及潛在投資者務請注意，儘管註冊已獲批准，債務融資工具的發行仍可能進行或不 進行。因此，彼等於買賣或投資本公司證券時務請審慎行事。 承董事會命 GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 自願公佈 獲中國銀行間市場交易商協會批准 註冊債務融資工具 本公佈由吉利汽車控股有限公司（「本公司」）自願作出。 本公司董事會欣然宣佈，本公司於 ...

Core Viewpoint - Cathay Pacific Haitong's report indicates that Geely Automobile's brand structure is reasonable and clear, with expectations for continued growth in overall revenue and net profit attributable to shareholders as the "Smart Geely 2025" strategy is gradually implemented [1][2] Group 1: Financial Projections - The company forecasts net profit attributable to shareholders for 2025-2027 to be 16.3 billion, 18.2 billion, and 23.7 billion respectively, with EPS of 1.61, 1.80, and 2.34 [1] - A target price of 29.2 HKD is set for 2025, based on a PE ratio of 16.6 times [1] Group 2: Sales Performance - In September 2025, Geely's sales reached 273,000 units, a year-on-year increase of 35%, with new energy vehicle sales of 165,000 units, including 100,000 pure electric and 66,000 plug-in hybrids, reflecting year-on-year growth of 55% and 146% respectively [1] - From January to September 2025, total sales were 2.17 million units, up 46% year-on-year, with new energy vehicle sales of 1.168 million units, including 794,000 pure electric and 374,000 plug-in hybrids, showing year-on-year growth of 141% and 73% respectively [1] - By brand, Geely brand sales were 1.785 million units (up 55%), Lynk & Co brand sales were 241,000 units (up 23%), and Zeekr brand sales were 144,000 units (up 1%) [1] Group 3: Future Outlook - Geely aims for a total sales target of 3 million units for the year 2025 [2] - Multiple new models, including Geely Galaxy A7, M9, Star 6, Zeekr 9X, and Lynk & Co 10EM-P, are set to launch in the second half of 2025, alongside accelerated globalization efforts for Geely, Zeekr, and Lynk & Co brands [2]

Core Insights - The surge in sales of new energy large six-seat SUVs in Changsha during October is attributed to the traditional peak sales season and the recent launch of new models by various automakers [1][3] - The new models, including NIO's ES8, Geely's Galaxy M9, and Denza's N8 L, have addressed previous consumer concerns regarding the usability of the third row of seats, enhancing comfort and space [1][3][4] Group 1: Market Trends - The introduction of new energy large six-seat SUVs is a response to consumer demand for spacious and comfortable family vehicles, with significant improvements made to the third-row seating [1][3] - The competitive landscape has shifted from price wars to a focus on technology and features, indicating a strategic evolution among new energy vehicle manufacturers [6][8] Group 2: Product Features - The Denza N8 L features a third row designed for comfort, with adjustable seating and independent climate control, making it suitable for adults [3][4] - The Galaxy M9 boasts a spacious interior with a maximum reclining angle of 150° for the third row, enhancing passenger comfort [3][4] - The NIO ES8, as the largest pure electric six-seat SUV, offers electric adjustments and a maximum backrest angle of 130°, catering to family travel needs [3][4] Group 3: Consumer Reception - The Galaxy M9 has received numerous orders due to its high cost-performance ratio, spacious layout, and comprehensive features [6][8] - The Denza N8 L has garnered positive feedback for its family-friendly design and safety features, despite being in the pre-sale stage [6][8] - The NIO ES8 has seen strong demand, with production slots booked into April of the following year, reflecting its appeal in terms of brand value and product functionality [6][8]

格隆汇10月13日｜吉利控股集团2025年前三季度总销量2953452辆，同比增长29%；新能源销量1590866 辆，同比增长68%。总销量及新能源销量均创历史新高。 ...

Core Insights - The Chinese automotive market is experiencing a significant differentiation in sales and annual target completion rates among leading companies as the "golden September and silver October" sales season begins [1] Group 1: Industry Overview - The overall automotive industry in China has maintained a stable and positive trend in the first three quarters of 2025, with high penetration rates of new energy vehicles [1] - The leading companies in the industry are showing clear differentiation in sales performance and completion rates of their annual targets [1] Group 2: Sales Data of Leading Companies - BYD and SAIC are at the forefront of the industry, with both exceeding 3 million units in cumulative sales from January to September 2025, achieving a target completion rate of 71% for their respective annual goals [2] - BYD's cumulative sales reached 3.26 million units, while SAIC's sales were 3.19 million units, both maintaining a robust performance in both fuel and new energy segments [2] Group 3: Second Tier Companies - Geely achieved a cumulative sales figure of 2.17 million units, leading the top ten companies with a target completion rate of 72% [3] - First Automotive Works (FAW) and Changan reported cumulative sales of 2.38 million and 2.07 million units, respectively, with completion rates of 69% [3] - Chery Group's cumulative sales reached 2.01 million units, with a target completion rate of 62%, while GAC achieved 1.49 million units with a 65% completion rate, significantly driven by new energy models [3] Group 4: Market Dynamics and Future Outlook - As the fourth quarter approaches, the ability to adapt and the effectiveness of new energy transitions will be crucial in shaping the competitive landscape of the automotive market [3] - Companies that continue to innovate in technology, production capacity, and market responsiveness are expected to meet their annual sales targets and contribute to the high-quality development of the Chinese automotive industry [3]