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]

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%。 ...