Group 1 - The core point of the article highlights that Geely Automobile's stock experienced a decline of 2.12% on August 14, trading at 18.89 HKD per share with a transaction volume of 300 million HKD [1] - Geely Automobile Holdings Limited focuses on the research, manufacturing, and sales of passenger vehicles, operating 10 production bases and employing over 60,000 staff, serving brands including Geely, Zeekr, and the joint venture Lynk & Co, with a sales network covering China and 70 overseas countries [1] - The total annual production capacity for 2023 is projected to reach 2 million vehicles, with plans to increase annual sales targets to 3.65 million vehicles by 2025 [1] Group 2 - As of the first quarter of 2025, Geely Automobile reported total operating revenue of 72.495 billion CNY and a net profit of 5.672 billion CNY [2] - On August 14, Geely Automobile disclosed its mid-year report for the fiscal year 2025 [3]

分析人士表示，吉利汽车如果在A股和香港同时上市，有利于凸显公司的独特地位和优势，充分对接国 内、国际两个资本市场，助力公司科技转型和高质量、可持续发展，构建国内国际双循环发展格局。同 时进一步提升品牌知名度和市场占有率，让中国内地投资者有机会分享公司发展红利。这对于公司未来 的产品开发、技术研发，以及潜在的外延扩张，有着相当积极的促进作用。 9月1日晚间，上交所官网信息显示，吉利汽车控股有限公司(简称"吉利汽车")科创板IPO审核状态变更 为"已受理"。 招股书中显示，本次发行股票种类为人民币普通股，每股面值0.02港元，发行股份数为不超过17.32亿股 (行使超额配售选择权之前)，占发行后股份总数不超过15%。 对于硬科技企业集中的科创板而言，吉利汽车有望成为科创板第一个整车上市公司。 政策催化吉利汽车冲刺科创板 记者通过梳理发现，2020年4月30日，证监会发布《关于创新试点红筹企业在境内上市相关安排的公 告》。《公告》显示，已境外上市的红筹企业，若要申请在境内发行股票或存托凭证，其市值须满足两 类标准之一：一是市值不低于2000亿元人民币;二是市值在200亿元人民币以上，且拥有自主研发、国际 领先技术， ...

Core Viewpoint - Geely Galaxy A7 officially launched on August 8, 2025, with a price range of 81,800 to 117,800 yuan, featuring advanced energy efficiency and spacious design, aiming to set a new benchmark for large space family sedans [1] Group 1: Product Launch and Features - The Galaxy A7 offers seven models with a starting price of 81,800 yuan, including an 8,000 yuan limited-time trade-in incentive [1] - The vehicle is equipped with the Thunder AI Hybrid 2.0 system, achieving a fuel consumption of 2.67L per 100km and a range exceeding 2,100 km, maintaining a leading position in energy efficiency [1] - With a wheelbase of 2,845mm, the Galaxy A7 provides spacious interior dimensions, surpassing competitors like the Qin L DMI [1] Group 2: Competitive Advantages - The Galaxy A7 features a 535L trunk and advanced intelligent cockpit system, Flyme Auto, enhancing user experience [1] - The vehicle's intelligent driving capabilities are supported by a sensor suite and Horizon J6 chip, delivering a computing power of 128 TOPS for advanced driving assistance [1] - The launch is expected to boost sales of the Galaxy series significantly due to its competitive features and pricing strategy [1] Group 3: Strategic Focus and Future Plans - Geely is focusing on electrification and intelligence, with plans to launch 10 new energy models in 2025, including five under the Geely brand [2] - The company aims to enhance its intelligent driving capabilities across all brands, with new models featuring advanced driving assistance systems [2] - The overall profitability of the company is expected to improve, with a projected net profit of 16.1 billion yuan for 2025, reflecting a PE ratio of 10.5X [2]

Core Viewpoint - Deutsche Bank has released a report indicating that Geely Automobile's (00175) plug-in hybrid vehicle, the Galaxy A7, has been officially launched at a price range of 82,000 to 118,000 RMB, which is over 10% lower than the pre-sale price [1] Financial Projections - Based on an upward revision of "other income" expectations, Deutsche Bank has increased its net profit forecast for 2025 by 6.7% and for 2026 by 1%, due to a 2% increase in sales forecasts [1] - The target price for Geely has been raised from 23 HKD to 25 HKD, maintaining a "Buy" rating [1] Competitive Analysis - The report highlights that the Galaxy A7 has superior body length and wheelbase compared to competing models such as BYD's Qin L DM-i and Seal 06 DM-i, and offers a more advanced intelligent cockpit system (Flyme Auto) [1] - Deutsche Bank anticipates that the average monthly sales of the Galaxy A7 could reach 10,000 units, while the competing models have average monthly sales of approximately 11,900 to 12,000 units [1] Product Launch and Sales Expectations - Geely's Galaxy series is set to launch five new models within the year, with expectations that total sales for the Galaxy series will increase by 148% year-on-year to 1.23 million units in 2025 [1]

Group 1 - Deutsche Bank reports that Geely Automobile's (00175) plug-in hybrid vehicle, the Galaxy A7, has been officially launched with a price range of 82,000 to 118,000 RMB, which is over 10% lower than the pre-sale price [1] - The bank has raised its net profit forecast for 2025 by 6.7% and for 2026 by 1%, based on an upward adjustment of "other income" expectations and a 2% increase in sales forecasts [1] - The target price for Geely has been increased from 23 HKD to 25 HKD, maintaining a "buy" rating [1] Group 2 - The report indicates that the Galaxy A7 has superior body length and wheelbase compared to competing models such as BYD's (002594) Qin L DM-i and Seal 06 DM-i, and offers a more advanced intelligent cockpit system (Flyme Auto) [1] - Monthly sales for the Galaxy A7 are expected to reach 10,000 units, as competing models have monthly sales of approximately 11,900 to 12,000 units [1] - Geely's Galaxy series is set to launch five new models within the year, with total sales for the Galaxy series expected to increase by 148% year-on-year to 1.23 million units by 2025 [1]

Core Viewpoint - Deutsche Bank reports that Geely's newly launched plug-in hybrid vehicle, the Galaxy A7, is priced between 82,000 to 118,000 yuan, which is over 10% lower than the expected price [1] Group 1: Sales and Production Forecast - Deutsche Bank estimates that the monthly sales of the Galaxy A7 could reach 10,000 units [1] - The bank predicts that Geely's Galaxy series will launch five new models within the year [1] - Total sales for Geely in 2025 are expected to increase by 148% compared to last year, reaching 1.23 million units [1] Group 2: Financial Projections - Due to an upward revision in other income expectations, Deutsche Bank has raised its net profit forecast for Geely in 2025 by 6.7% [1] - The net profit forecast for 2026 has been increased by 1% [1] - The target price for Geely has been raised from 23 HKD to 25 HKD, maintaining a "Buy" rating [1]

Group 1 - Deutsche Bank reports that Geely's plug-in hybrid vehicle, the Galaxy A7, has been officially launched with a price range of 82,000 to 118,000 yuan, which is over 10% lower than the pre-sale price [1] - The bank expects average monthly sales of the Galaxy A7 to reach 10,000 units, based on the average monthly sales of competing models, which range from 11,900 to 12,000 units [1] - Geely plans to launch five new models in the Galaxy series within the year, with total sales for the Galaxy series projected to increase by 148% year-on-year to 1.23 million units by 2025 [1] Group 2 - Based on an upward revision of other income expectations, the bank has raised its net profit forecast for 2025 by 6.7% and for 2026 by 1%, due to a 2% increase in sales forecasts [1] - The target price for Geely has been raised from 23 HKD to 25 HKD, maintaining a "buy" rating [1]

Investment Rating - The investment rating for Geely Automobile is "Buy" and is maintained [6]. Core Views - Geely Galaxy A7 was officially launched on August 8, 2025, with 7 models priced between 81,800 to 117,800 yuan, including an 8,000 yuan limited-time trade-in benefit. The new platform is expected to usher in a new era of products for Geely Automobile [2][4]. - The GEA architecture supports a new vehicle cycle, with brands such as Zeekr, Lynk & Co, and Galaxy showing positive trends. The transition to new energy vehicles is progressing smoothly, and the scale effect is gradually becoming apparent, which will bring upward profit elasticity. The company’s solid foundation in fuel vehicles and innovative overseas expansion modes through joint ventures continue to open new markets [6]. - The intelligent strategy is set to accelerate the enhancement of intelligent driving capabilities. The strong new vehicle cycle is expected to provide significant profit elasticity, with a projected net profit attributable to shareholders of 16.1 billion yuan in 2025, corresponding to a PE ratio of 10.5X [6]. Summary by Sections Event Description - The Geely Galaxy A7 features the Raytheon AI Hybrid 2.0 system, achieving a fuel consumption of 2.67L per 100 km and a range of over 2100 km. It boasts a spacious interior with a wheelbase of 2845mm, leading in energy consumption, space, intelligence, and safety among its peers [4][7]. Product Strategy - Geely is focusing on electric and intelligent advancements, with a strong new vehicle cycle expected to continue. In 2025, 10 new energy models are anticipated, including 5 new models and several facelifts under the Geely brand, alongside new releases from Zeekr and Lynk & Co [6][7].

Group 1 - The core point of the article highlights the recent performance and future plans of Geely Automobile, including its stock price increase and production capacity [1] - As of August 12, Geely's stock rose by 2.01%, reaching HKD 19.25 per share with a trading volume of HKD 5.41 billion [1] - Geely has a total annual production capacity of 2 million vehicles for 2023 and aims to increase its annual sales target to 3.65 million vehicles by 2025 [1] Group 2 - As of the first quarter of 2025, Geely's total operating revenue was CNY 72.495 billion, with a net profit of CNY 5.672 billion [2] - Geely is set to disclose its mid-year report for the fiscal year 2025 on August 14 [3]

| 信號總結 | 賣出信號 中立信號 | 買入信號 | | --- | --- | --- | | 中立 | | O | 回顧近期窩輪表現，8月7日推薦的中銀認購證（28842）在吉利股價上漲2.61%後錄得14%的驚人漲幅，法興認購證（13152）也有12%的亮眼表現。 對於看好吉利汽車後市的投資者，目前市場上有幾檔優質窩輪產品值得留意。中銀認購證（28842）提供6.7倍槓桿，行使價18.52元，其最大優勢在於溢價相 對較低，適合追求成本效益的投資者。法興認購證（13152）則以6.9倍槓桿略勝一籌，行使價18.51元，不僅溢價是全市場最低，其引伸波幅與槓桿水平的搭 配也最為理想，是進取型投資者的首選。牛證方面，瑞銀牛證（57998）和摩通牛證（57284）都是不錯的選擇。瑞銀產品編號57998提供5.4倍槓桿，收回價 16.1元，其溢價水平為同類產品中最低；而摩通57284雖然槓桿略低為5.1倍，收回價16元，但實際槓桿卻是市場最高，且溢價同樣維持在較低水平。 | 15:21 | | 11 ? 15:21 | | | | --- | --- | --- | --- | --- | | AL Q C. ( ...