Core Viewpoint - In January, Geely Auto's total sales slightly exceeded industry expectations, with a total of 270,200 vehicles sold, representing a year-on-year increase of 1.3% [1] Group 1: Sales Performance - In January, the overall retail market for narrow passenger vehicles was estimated at approximately 1.8 million units, a year-on-year increase of 0.3%, with new energy vehicles expected to account for around 800,000 units, growing approximately 7.5% [1] - Geely's brand sales in January reached 217,400 units, a year-on-year decrease of 3.2% but a month-on-month increase of 25.8% [2] - Geely's new energy vehicle sales in January were 124,300 units, a year-on-year increase of 2.6%, while fuel vehicle sales were 145,900 units, a year-on-year increase of 0.2% and a month-on-month increase of 76.8% [2] Group 2: Product Launches and Strategy - The launch of the Geely Galaxy V900 on January 20, priced between 269,800 and 329,800 yuan, is part of the company's strategy to enhance its product matrix [2] - Geely plans to introduce approximately 10 new models in 2026, which is expected to strengthen its sales resilience against the backdrop of reduced new energy subsidies [2] - The Zeekr brand achieved significant sales growth in January, with 23,900 units sold, a year-on-year increase of 99.7% [3] Group 3: International Expansion - Geely's exports in January reached 60,500 units, representing a year-on-year increase of 121.2% and a month-on-month increase of 50.1%, indicating successful overseas market expansion [2] - The launch of the Zeekr 007 GT in Europe and the Geely EX2 in Indonesia highlights the company's efforts to penetrate international markets [2] Group 4: Future Outlook - The integration of Geely and Zeekr's strategies is expected to gradually reveal synergies and scale effects [3] - Forecasts for net profit attributable to the parent company for 2025-2027 are 17.041 billion, 20.604 billion, and 24.318 billion yuan, respectively, with a target price of 20.79 yuan [3]

格隆汇2月5日丨吉利汽车(00175.HK)发布公告，2026年2月5日耗资2764.59万港元回购171.8万股，回购 价格每股15.98-16.26港元。 ...

智通财经APP讯，吉利汽车(00175)发布公告，于2026年2月5日，该公司斥资2764.59万港元回购171.8万 股股份，每股回购价15.98-16.26港元。 ...

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) FF305 表格類別： 股票 狀態： 新提交 公司名稱： 吉利汽車控股有限公司 呈交日期： 2026年2月5日 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 | ...

Investment Rating - The report maintains a "Buy" rating for Geely Automobile [3][6] Core Insights - Geely's sales performance in January slightly exceeded industry expectations, with total sales of 270,200 units, a year-on-year increase of 1.3% [9] - The company's export sales saw significant growth, with January exports reaching 60,500 units, a year-on-year increase of 121.2% [9] - The report forecasts net profits for 2025-2027 to be 17.041 billion, 20.604 billion, and 24.318 billion yuan respectively, maintaining a target price of 23.37 HKD [3][5] Financial Summary - Revenue projections for 2023-2027 are as follows: 179.204 billion, 240.194 billion, 319.444 billion, 387.363 billion, and 448.685 billion yuan, with growth rates of 21.1%, 34.0%, 33.0%, 21.3%, and 15.8% respectively [5][10] - Operating profit is expected to grow from 3.806 billion yuan in 2023 to 23.173 billion yuan in 2027, with corresponding growth rates of 4.3%, 100.8%, 110.0%, 22.2%, and 18.1% [5][10] - The gross margin is projected to improve from 15.3% in 2023 to 17.3% in 2027 [10][11] - The report indicates a significant increase in the net profit attributable to the parent company, with a forecast of 5.308 billion yuan in 2023, rising to 24.318 billion yuan by 2027 [5][10]

Investment Rating - The report maintains a "Buy" rating for Geely Automobile [3][6] Core Views - Geely's sales performance in January slightly exceeded industry expectations, with total sales of 270,200 units, a year-on-year increase of 1.3% [9] - The company's "oil-electric hybrid" strategy has shown significant results, with January sales of new energy vehicles reaching 124,300 units, a year-on-year increase of 2.6% [9] - Exports have seen substantial growth, with January exports reaching 60,500 units, a year-on-year increase of 121.2% [9] - The Zeekr brand has achieved success in the high-end market, with Zeekr 9X becoming the best-selling large SUV in its price range [9] Financial Forecasts and Investment Recommendations - The forecast for net profit attributable to the parent company for 2025-2027 is 17.041 billion, 20.604 billion, and 24.318 billion yuan respectively, maintaining a target price of 20.79 yuan (RMB) or 23.37 Hong Kong dollars [3] - Revenue projections for 2023-2027 are 179.204 billion, 240.194 billion, 319.444 billion, 387.363 billion, and 448.685 billion yuan, with growth rates of 21.1%, 34.0%, 33.0%, 21.3%, and 15.8% respectively [5][10] - Operating profit is expected to grow significantly, with projections of 3.806 billion, 7.644 billion, 16.055 billion, 19.616 billion, and 23.173 billion yuan for the same period [5][10] - The report indicates a consistent improvement in gross margin, projected to reach 17.3% by 2027 [10]

吉利汽车(00175)发布公告，于本公布日期，本公司已根据回购计划购回合计6743.1万股股份。本公司于 本公布日期前购回的所有股份均已按照本公司先前公布的意向处理，即该等股份将于切实可行的情况下 尽快予以注销。 本公司进一步宣布，自本公布日期起，于本公布日期或之后根据回购计划购回的任何股份将作为本公司 库存股份持有。 ...

吉利汽车宣布23 亿港元自动股份回购计划。 来源：滚动播报 ...

格隆汇2月4日丨吉利汽车(00175.HK)发布公告，关公司与Morgan Stanley & Co. International plc("该经纪 商")订立23亿港元自动股份回购计划("回购计划")；及股东周年大会通函，内容有关(其中包括)授予董事 一般性授权以购回公司股份。根据股东周年大会通函，董事获授权酌情决定注销公司购回的股份或将该 等股份作为库存股份持有。于本公布日期，公司已根据回购计划购回合计6743.1万股股份。公司于本公 布日期前购回的所有股份均已按照公司先前公布的意向处理，即该等股份将于切实可行的情况下尽快予 以注销。 公司进一步宣布，自本公布日期起，于本公布日期或的后根据回购计划购回的任何股份将作为公司库存 股份持有。 ...

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。 GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 23億港元自動股份回購計劃 承董事會命 吉利汽車控股有限公司 公司秘書 茲提述(i)吉利汽車控股有限公司（「本公司」）日期為二零二五年十月六日及二零二五年十 一月十八日之公佈，內容有關本公司與Morgan Stanley & Co. International plc（「該經紀 商」）訂立23億港元自動股份回購計劃（「回購計劃」）；及(ii)日期為二零二五年四月二十八 日之通函（「股東週年大會通函」），內容有關（其中包括）授予董事一般性授權以購回本公 司股份（「股份」）。根據股東週年大會通函，董事獲授權酌情決定註銷本公司購回的股份 或將該等股份作為庫存股份持有。 本公司謹此告知股東及潛在投資者，於本公佈日期，本公司已根據回購計劃購回合計 67,431,000股股份。本公司於本公佈日期前購回的所有股份均已按照本公司先前公佈的 ...