吉利汽车回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.23 | 158.40 | 17.200 | 16.880 | 2686.12 | | 2025.12.22 | 88.20 | 17.160 | 16.840 | 1497.33 | | 2025.12.19 | 90.70 | 17.050 | 16.600 | 1526.02 | | 2025.12.18 | 190.80 | 16.800 | 16.260 | 3179.71 | | 2025.12.17 | 231.60 | 17.000 | 16.550 | 3861.46 | | 2025.12.16 | 299.90 | 17.200 | 16.720 | 5054.44 | | 2025.12.15 | 199.10 | 17.750 | 17.160 | 3474.85 | | 2025.12.12 | 136.20 | 17.820 | 17.290 | 2392.41 | | 2 ...

Core Viewpoint - Geely Automobile's recent privatization of Zeekr is expected to enhance profitability and streamline operations, leading to increased net profit forecasts for 2025-2027 [1][2]. Group 1: Financial Projections - Geely's net profit estimates for 2025, 2026, and 2027 have been revised upwards to 18.6 billion, 26.3 billion, and 31.6 billion yuan, respectively, with corresponding PE ratios of 8.8x, 6.3x, and 5.2x [1]. - The completion of Zeekr's privatization is anticipated to add 2-3 billion yuan to Geely's net profit in 2026 [2]. - The company expects net profit margins to improve, with projections of 5.5%, 5.9%, and 6.4% for 2025, 2026, and 2027, respectively [4]. Group 2: Sales and Market Performance - Geely's sales reached 310,000 units in November, reflecting a year-on-year increase of 24% and a month-on-month increase of 1.1% [4]. - The company forecasts total sales of 3.06 million, 3.70 million, and 3.99 million units for 2025, 2026, and 2027, representing year-on-year growth of 40%, 21%, and 8% [4]. - The introduction of new models, including the Galaxy A7 and Galaxy M9, is expected to maintain a strong product cycle, with anticipated monthly sales of over 10,000 units for high-end models [3]. Group 3: Strategic Initiatives - The integration of Zeekr, Lynk & Co, and other brands under Geely is expected to create synergies that will lower costs and enhance efficiency [2]. - The company is focusing on high-end models, which are projected to significantly improve product structure and profitability [4]. - Geely is positioned as a preferred stock for potential valuation recovery in the automotive sector, given its strong growth and low valuation compared to peers [5].

格隆汇12月23日丨吉利汽车(00175.HK)发布公告，2025年12月23日耗资2686.12万港元回购158.4万股， 回购价格每股16.88-17.2港元。 相关事件 吉利汽车(00175.HK)12月23日耗资2686.12万港元回购158.4万股 吉利汽车(00175.HK)完成极氪私有化 ...

Core Viewpoint - Geely Automobile has completed the privatization and merger of Zeekr Intelligent Technology Holdings, marking a new phase in resource integration within the new energy sector [1][3]. Group 1: Transaction Details - Geely has acquired all issued and outstanding shares of Zeekr, which will now operate as a wholly-owned subsidiary, allowing Zeekr's financial performance to be fully consolidated into Geely's financial statements [3]. - The merger is not merely a change in shareholding but a strategic move to enhance collaboration in R&D, supply chain, and market channels [3]. - The privatization aligns with Geely's "Taizhou Declaration," which emphasizes internal resource integration and efficiency improvement [3]. Group 2: Strategic Implications - This integration is expected to strengthen Geely's position in the smart electric vehicle sector, optimize its brand matrix, and reduce resource dispersion [4]. - Geely aims to leverage this merger to enhance strategic synergy and scale effects, focusing on long-term value creation for shareholders [5]. - The merger allows Zeekr to escape the pressures of independent public company performance, enabling more autonomous long-term planning [6]. Group 3: Market Position and Challenges - Zeekr, established in 2021, is positioned as a high-end smart electric vehicle brand and has launched several models, including the 001 and 009 [5]. - Despite strong domestic sales, Zeekr faces significant competition from established luxury brands and new entrants in the electric vehicle market [6]. - Maintaining a differentiated advantage will be crucial for Zeekr as it navigates a competitive landscape characterized by price competition and technological innovation [7].

Core Viewpoint - Geely Automobile's net profit forecasts for 2025-2027 have been raised due to recent sales performance and the privatization of Zeekr, with a target price of HKD 27.01, indicating a potential upside of 60% [1] Group 1: Privatization Impact - The completion of Zeekr's privatization allows Geely to fully own Zeekr and Lynk & Co, expected to increase net profit by CNY 2-3 billion in 2026 [2] - The integration of Geely, Galaxy, Lynk & Co, and Zeekr is anticipated to enhance operational efficiency through synergies [2] Group 2: New Model Launches - Geely continues to launch competitive new models, maintaining a strong product cycle with high hit rates, including the Galaxy A7 and Galaxy Star models, achieving monthly sales of over 15,000 and 10,000 units respectively [3] - The company plans to introduce 1-2 new models each quarter, sustaining the strong new product cycle into the next year [3] Group 3: Sales and Profit Growth - In November, Geely achieved sales of 310,000 units, a year-on-year increase of 24%, with projected sales of 3.06 million, 3.7 million, and 3.99 million units for 2025-2027, reflecting growth rates of 40%, 21%, and 8% respectively [4] - The introduction of mid-to-high-end models is expected to significantly improve the product mix, leading to higher average selling prices (ASP) and gross margins, with net profit forecasts of CNY 18.6 billion, CNY 26.3 billion, and CNY 31.6 billion for 2025-2027 [4] Group 4: Valuation and Market Position - Geely is considered one of the top picks for the upcoming recovery in the automotive sector, with a low valuation and strong growth potential, trading at PE ratios of 8.8 and 6.3 for 2025-2026 [5] - The current pessimistic market sentiment is seen as an opportunity for investment, as the company's fundamentals are expected to diverge positively from its valuation [5]

智通财经APP讯，吉利汽车(00175)发布公告，于2025年12月23日，该公司斥资2686.12万港元回购158.4 万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00175 | 說明 | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 目 | 已發行股份（不包括庫存股份）數 ...

Investment Rating - The report maintains a "Strong Buy" rating for Geely Automobile (00175.HK) [1] Core Views - The completion of the privatization of Zeekr enhances profits and promotes strategic integration, expected to increase net profit by 2-3 billion RMB in 2026 [1] - The company is in a strong new product cycle with high hit rates for new models, including the Galaxy A7 and Galaxy M9, which are expected to maintain strong sales [1] - Sales growth combined with a shift towards higher-end models is anticipated to significantly boost profits, with projected net profit margins increasing to 6.4% by 2027 [1] - Geely is considered a top pick for the upcoming recovery in the automotive sector due to its low valuation and strong growth potential [1] Financial Summary - Total revenue projections for 2024A, 2025E, 2026E, and 2027E are 241,099 million RMB, 349,740 million RMB, 448,010 million RMB, and 496,572 million RMB respectively, with year-on-year growth rates of 33.5%, 45.1%, 28.1%, and 10.8% [1] - Net profit forecasts for the same years are 16,632 million RMB, 18,645 million RMB, 26,296 million RMB, and 31,749 million RMB, reflecting growth rates of 213.3%, 12.1%, 41.0%, and 20.7% [1] - Earnings per share (EPS) are projected to be 1.65 RMB, 1.74 RMB, 2.45 RMB, and 2.96 RMB for 2024A, 2025E, 2026E, and 2027E respectively [1] - The price-to-earnings (P/E) ratio is expected to be 9, 9, 6, and 5 for the same years [1]

凤凰网科技讯12月23日，随着极氪私有化及合并交易的正式交割，吉利体系内部的组织架构重组已迅速 进入实质性运行阶段。据蓝鲸汽车援引接近吉利汽车管理层的知情人士消息，吉利与极氪合并后的管理 层调整目前已全部完成，核心高管团队已正式按照新的人事架构履职。 吉利汽车于12月22日晚间公告确认，已完成极氪私有化及合并事项，极氪已从纽交所退市并成为吉利汽 车全资附属公司。管理层架构的迅速明确，意味着吉利在完成资本层面的"合体"后，已无缝衔接至运营 层面的深度融合，以应对市场竞争。 在上市公司及具体业务执行层面，桂生悦继续担任吉利汽车控股有限公司行政总裁(CEO)及执行董事， 保持管理延续性；淦家阅则出任合并后的吉利汽车集团CEO，同时继续担任吉利汽车控股有限公司执行 董事，直接负责整合后的汽车业务板块。 在此次披露的最新顶层设计中，李东辉出任吉利控股集团副董事长，其职权范围聚焦于董事局日常工作 管理以及集团层面的投融资管理；安聪慧出任吉利控股集团CEO，将全面统筹负责吉利控股集团的运营 管理工作。 ...

【文/观察者网 潘昱辰 编辑/高莘】12月22日晚，吉利汽车发布公告称，已完成对极氪的私有化。根据 私有化安排，吉利汽车已收购所有已发行及发行在外的极氪股份及极氪美国存托股份。合并附属公司已 与极氪合并，而极氪作为存续实体持续经营。极氪已成为吉利汽车的全资附属公司，并于纽交所退市。 吉利汽车对极氪的私有化可追溯至2024年9月，彼时吉利控股集团发布《台州宣言》，确立了"聚焦主 业、集约发展"的"一个吉利"战略原则，为后续品牌整合定下基调。 极氪001FR 极氪 12月9日，吉利汽车公告私有化对价选择结果：选择股份对价的极氪持有人占合资格极氪持有人约 70.8%，吉利汽车将为其配发及发行共计777228611股对价股份。该对价股份与吉利汽车已发行股份享 有同等权利，包括股息分配、投票权和资本回报等。选择或被视为选择现金对价的极氪持有人，占合资 格极氪持有人约29.2%，吉利汽车将支付合计约7.01亿美元的现金款项。 具体而言，每股极氪股份可换取2.687美元现金或1.23股吉利汽车对价股份，每股极氪美国存托股份可换 取26.87美元现金或12.3股吉利汽车美国存托对价股份。 吉利汽车私有化极氪，旨在解决吉利旗下 ...