The Zacks Automotive – Foreign industry presents a mixed picture based on sales trends in China, Japan and Europe. Strong demand for new-energy vehicles (NEVs), government incentives and rapid technological innovation are boosting growth in China, while Japan's auto market is experiencing a stable recovery, supported by solid domestic demand. In contrast, Europe's market is struggling with declining sales, policy-related pressures and competitive challenges. Honda Motor Co.,Ltd. (HMC) , Geely Automobile Hol ...

Investment Rating - The investment rating for Geely Automobile is "Buy" and is maintained [6]. Core Views - Geely Automobile reported July 2025 sales of 238,000 units, representing a year-on-year increase of 57.7% and a month-on-month increase of 0.7%. Cumulative sales for January to July 2025 reached 1.647 million units, up 48.8% year-on-year. The new platform is expected to empower Geely to enter a new product era [2][4][8]. - The GEA architecture supports a new vehicle cycle, with brands such as Zeekr, Lynk & Co, and Galaxy performing well. The transition to new energy vehicles is progressing smoothly, and the scale effect is expected to enhance profitability. The company maintains a solid foundation in fuel vehicles and continues to explore overseas markets through innovative joint ventures. The smart driving strategy is set to accelerate, enhancing driving capabilities [2][8]. Summary by Sections Sales Performance - In July 2025, Geely's sales reached 238,000 units, with a year-on-year growth of 57.7% and a month-on-month growth of 0.7%. The cumulative sales from January to July 2025 were 1.647 million units, reflecting a year-on-year increase of 48.8% [2][4][8]. - Breakdown of sales by brand shows Geely brand at 194,000 units, Lynk & Co at 27,000 units, and Zeekr at 17,000 units, with respective year-on-year growth rates of 70.0%, 27.9%, and 8.4% [8]. New Product Launches - Geely plans to launch 10 new energy models in 2025, including 5 new models and several updated versions under the Geely brand. Notable launches include the Galaxy Star 8 and various SUVs and sedans throughout the year [8]. Strategic Focus - The company is focusing on electrification and intelligence, with a strong new vehicle cycle continuing. The new product launches are expected to significantly enhance the smart driving capabilities across all brands [8]. Financial Outlook - The expected net profit attributable to shareholders for 2025 is projected to be 16.1 billion, with a corresponding PE ratio of 10X, indicating substantial profit elasticity under the new vehicle cycle [8].

校检：陈沙、孙朝阳 审核：朱沙 近日，吉利汽车集团首席执行官（CEO）淦家阅在2025年度中期经营工作大会上宣布，下半年将推出极 氪9X、领克10 EM-P、吉利银河A7及吉利银河M9等5款全新智能电混产品，还有千里浩瀚智能安全辅助 驾驶H9方案、雷神醇氢技术、新一代Flyme Auto智能座舱系统等多项创新科技落地应用。 来源：北京日报客户端 同时，聚焦"一个吉利"，淦家阅还明确了极氪、领克、吉利银河及中国星四大品牌要全方位协同作战， 深化"七纵"技术协同，打造差异化产品矩阵体系，聚势革新，韧稳行远，全力冲刺300万辆年度目标。 转自：北京日报客户端 ...

Group 1 - The core viewpoint indicates that Geely's sales market share is expected to continue increasing, with total sales in July reaching 237,700 units, a year-on-year increase of 57.7% and a month-on-month increase of 0.7% [1] - In July, Geely's new energy vehicle sales reached 130,100 units, representing a year-on-year growth of 120.4% and a month-on-month growth of 6.3% [1] - For the first seven months of the year, Geely's total sales amounted to 1,646,900 units, a year-on-year increase of 48.8%, achieving 55% of the annual sales target of 3 million units by July [1] Group 2 - Geely Galaxy's sales performance is strong, with July sales of 95,000 units, a year-on-year increase of 469.0% and a month-on-month increase of 5.3% [2] - The Geely China Star model sold 98,500 units in July, with high-end series sales reaching 29,800 units, indicating strong market recognition for the Galaxy brand [2] - The Galaxy A7, equipped with advanced technology, is set to launch on August 8, which is expected to enhance the brand's presence in the mid-sized sedan market [2] Group 3 - Zeekr brand sales in July reached 17,000 units, a year-on-year increase of 8.4% and a month-on-month increase of 1.6% [3] - Lynk & Co brand sales in July were 27,200 units, showing a year-on-year increase of 27.9% and a month-on-month increase of 3.4% [3] - The Zeekr 9X, a luxury full-size SUV, is expected to set a benchmark in the plug-in hybrid luxury SUV market, following significant marketing reforms aimed at improving sales and profitability [3] Group 4 - The forecast for EPS from 2025 to 2027 is 1.50, 1.76, and 2.13 yuan respectively, maintaining a target price of 22.50 yuan (or 24.70 HKD) based on a PE ratio of 15 times [4]

Investment Rating - The report maintains a "Buy" rating for the company [6][8]. Core Views - The company reported a total wholesale sales volume of 238,000 vehicles in July, representing a year-on-year increase of 57.7% and a month-on-month increase of 0.7% [3]. - The company has raised its annual sales target from 2.71 million to 3 million vehicles, reflecting confidence in achieving sales growth in the second half of the year [4]. - The company is set to launch the Galaxy A7 on August 8, 2025, which is expected to enhance its product lineup in the hybrid vehicle segment [4]. - The company plans to privatize its high-end electric vehicle brand, Zeekr, to consolidate resources and improve operational efficiency [5]. Sales Performance - In July, the company sold 130,124 new energy vehicles, a year-on-year increase of 120.4%, with a penetration rate of 54.7% [3]. - For the first seven months of the year, the cumulative sales of new energy vehicles reached 855,000, up 125.5% year-on-year [4]. - The sales figures for the Geely brand in July were 194,000 vehicles, while Zeekr and Lynk & Co sold 16,977 and 27,216 vehicles, respectively [5]. Financial Forecast - The company expects revenues of 404.78 billion, 489.69 billion, and 572.83 billion RMB for 2025, 2026, and 2027, respectively [6][7]. - The projected net profit for the same years is 16.21 billion, 22.09 billion, and 25.98 billion RMB, with corresponding EPS of 1.61, 2.19, and 2.58 RMB [6][7]. - The report indicates a P/E ratio of 10, 7, and 6 for the years 2025, 2026, and 2027, respectively [6][7].

Investment Rating - The report maintains a "Buy" rating for Geely Automobile [4][7] Core Views - The company is expected to benefit from marketing reforms and new vehicle launches, which will enhance sales market share [2][11] - The forecasted EPS for 2025-2027 is 1.50, 1.76, and 2.13 RMB respectively, with a target price set at 22.50 RMB or 24.70 HKD [4][7] Financial Performance Summary - Revenue projections for 2023A to 2027E are 179,204 million, 240,194 million, 319,444 million, 381,363 million, and 442,685 million RMB, reflecting growth rates of 21.1%, 34.0%, 33.0%, 19.4%, and 16.1% respectively [6][12] - Operating profit is expected to grow from 3,806 million RMB in 2023A to 20,314 million RMB in 2027E, with a significant increase of 100.8% in 2024A [6][12] - Net profit attributable to the parent company is projected to be 5,308 million RMB in 2023A, increasing to 21,451 million RMB by 2027E, with a notable growth of 213.3% in 2024A [6][12] - The gross margin is expected to improve from 15.3% in 2023A to 16.7% in 2027E, while the net margin is projected to stabilize around 4.7% to 4.8% during the same period [6][12] Market Position and Sales Performance - In July, Geely's total sales reached 237,700 units, a year-on-year increase of 57.7%, with new energy vehicle sales growing by 120.4% [11] - The company's market share is expected to continue rising, with a reported market share of approximately 11% in the first half of 2025, an increase of nearly 3 percentage points year-on-year [11] - The Galaxy series is showing strong sales performance, with July sales of 95,000 units, a year-on-year increase of 469.0% [11]

Group 1 - Geely Auto announced the pre-sale of the new Boyue model, with a pre-sale price range of 91,900 to 112,900 yuan [1] - The pre-sale prices for different variants are as follows: - 1.5TD+7DCT Joy: 91,900 yuan - 1.5TD+7DCT Aspiration: 97,900 yuan - 1.5TD+7DCT Beauty: 105,900 yuan - 1.5TD+7DCT Love: 112,900 yuan [2]

Core Viewpoint - Geely Automobile Holdings Limited reported a significant increase in July 2025 sales, with total sales reaching 237,717 units, representing a year-on-year growth of 58%, driven by multi-brand collaboration and strong performance in electric vehicles [2][3] Sales Performance - Geely brand sales in July were 193,524 units, up 70% year-on-year, with the Galaxy series contributing significantly with 95,043 units sold, a staggering increase of 237% [2] - Cumulative sales for the Geely brand from January to July reached 1,357,827 units, reflecting a 59% increase compared to the same period last year [2] - Zeekr brand sales in July were 16,977 units, showing a modest increase of 8%, with cumulative sales of 107,717 units, up 4% year-on-year [2] - Lynk & Co brand sales in July were 27,216 units, a 28% increase year-on-year, with cumulative sales of 181,353 units, up 23% [2] Electric Vehicle Performance - Pure electric vehicle (BEVs) sales in July reached 90,043 units, a remarkable growth of 192%, accounting for 37.9% of total group sales; cumulative sales from January to July were 600,846 units, up 176% [2] - Plug-in hybrid electric vehicle (PHEVs) sales in July were 40,081 units, a 42% increase year-on-year, with cumulative sales of 254,429 units, reflecting a 58% growth [2] Export and Proton Brand - July exports totaled 35,272 units, a 6% increase year-on-year; however, cumulative exports from January to July were 219,386 units, showing a slight decline of 6% [3] - Proton brand sales in July were 14,117 units, an 11% increase year-on-year, with cumulative sales of 91,306 units remaining stable compared to the previous year [3]

格隆汇8月1日丨吉利汽车(00175.HK)发布公告，集团于2025年7月的汽车总销量为237,717部，较去年同 期增长约58%。 此外，宝腾于2025年7月实现汽车销量14,117部，较去年同期增长约11%。于2025年首七个月，宝腾累 计实现汽车销量91,306部，较去年同期略增长约0.2%%。 ...

Group 1 - Geely Automobile announced a total vehicle sales of 237,700 units for July 2025, representing an approximate 58% increase compared to the same period last year [1] - Proton achieved vehicle sales of 14,117 units in July 2025, marking an approximate 11% increase year-on-year [1] - For the first seven months of 2025, Proton's cumulative vehicle sales reached 91,306 units, showing a slight year-on-year growth of about 0.2% [1]