Group 1 - The core point of the article highlights the recent stock performance of Geely Automobile, which saw a 2.06% increase, reaching HKD 18.79 per share with a trading volume of HKD 304 million [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 revenue of CNY 72.495 billion and a net profit of CNY 5.672 billion [2] - Geely Automobile is scheduled to disclose its mid-year report for the fiscal year 2025 on August 14 [3]

Core Viewpoint - Geely Automobile reported strong sales growth in July 2025, with a total of 238,000 vehicles sold, representing a year-on-year increase of 57.7% and a month-on-month increase of 0.7% [1] Sales Performance - July sales reached 238,000 units, with a cumulative total of 1.647 million units sold from January to July 2025, marking a year-on-year increase of 48.8% [1] - New energy vehicle sales in July exceeded 130,000 units, showing a year-on-year growth of 120.4% and accounting for 54.7% of total sales, an increase of 15.6 percentage points year-on-year [1] Model Breakdown - Sales by brand in July included 194,000 units for Geely, 27,000 units for Lynk & Co, and 17,000 units for Zeekr, with year-on-year increases of 70.0%, 27.9%, and 8.4% respectively [1] - The Galaxy model sold 95,000 units in July, reflecting a significant year-on-year increase of 237.2% [1] Export Performance - In July, Geely exported 35,000 vehicles, which is a year-on-year increase of 6.0% but a month-on-month decrease of 11.8% [1] Product Strategy - Geely plans to launch 10 new energy models in 2025, including 5 new models and several updated versions under the Geely brand [2] - The company is focusing on smart technology integration, with new models expected to feature advanced driving assistance systems [2] Platform and Profitability - The GEA architecture is expected to support a new product cycle, enhancing the transition to new energy vehicles and improving profitability [3] - The company anticipates a net profit of 16.1 billion yuan for 2025, with a price-to-earnings ratio of 10X [3]

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].

Group 1 - The core announcement from Geely's CEO is the launch of five new intelligent hybrid products in the second half of the year, including the Zeekr 9X, Lynk & Co 10 EM-P, Geely Galaxy A7, and Geely Galaxy M9, along with several innovative technologies such as the Qianli Haohan intelligent safety assistance driving H9 solution and the new generation Flyme Auto intelligent cockpit system [1][3] Group 2 - Geely is focusing on a unified strategy termed "One Geely," emphasizing collaboration among its four major brands: Zeekr, Lynk & Co, Geely Galaxy, and China Star, to enhance technological synergy and create a differentiated product matrix [3] - The company aims to achieve an ambitious annual target of 3 million vehicles, indicating a strong commitment to growth and innovation in the automotive sector [3]

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]