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]

除上述所披露的销量外，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%。此外，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%。 吉利汽车(00175)发布公告，集团于2025年7月的汽车总销量为23.77万部，较去年同期增长约58%。 ...

人民财讯8月1日电，吉利汽车在港交所公告，7月份汽车总销量为23.77万辆，同比增长58%。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 吉利汽車控股有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00175 | | 說明 | | | | | | | 多櫃檯證券代號 | 80175 | RMB 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 10,084,122,533 | | 0 | | 10,084,122,533 | | 增加 / 減少 (-) | | | | 550,500 | | | | | | 本月底結存 | | | | 10, ...

( 237,717 58 | | （部） | （部） | (%) | （部） | （部） | (%) | | --- | --- | --- | --- | --- | --- | --- | | 吉利 | 193,524 | 113,855 | 70 | 1,357,827 | 855,715 | 59 | | 其中: 銀河 | 95,043 | 28,186 | 237 | 643,451 | 193,367 | 233 | | 極氪 | 16,977 | 15,655 | 8 | 107,717 | 103,525 | 4 | | 領克 | 27,216 | 21,272 | 28 | 181,353 | 147,272 | 23 | | | 237,717 | 150,782 | 58 | 1,646,897 | 1,106,512 | 49 | | 其中： | | | | | | | | 純電動(BEVs) | 90,043 | 30,858 | 192 | 600,846 | 217,905 | 176 | | 插電式混動(PHEVs) | 40,081 | 28,193 | 42 | 254,4 ...