智通财经网·2025-08-18 06:33Group 1 - The core viewpoint of the report is that Geely Automobile (00175) has shown a quarterly revenue growth of 7.3% in Q2, while sales remained flat [1] - Core net profit slightly decreased from 3.5 billion RMB in Q1 to 3.2 billion RMB in Q2, which is in line with expectations [1] - The report expresses optimism about Geely's potential to narrow the gap with current electric vehicle leaders, supported by its expanding domestic market share, upcoming overseas expansion, and leadership in smart electric vehicle technology [1] Group 2 - The target price for Geely has been raised from 29 HKD to 32 HKD, maintaining a "Buy" rating [1] - The net profit forecast for 2025 remains unchanged at 15 billion RMB, while the 2026 net revenue forecast has been increased by 13% to 20 billion RMB, reflecting adjustments in Galaxy series and overseas sales forecasts [1] - The report indicates that Geely's current valuation is significantly discounted and does not fully reflect its potential to challenge BYD Company (01211) for market dominance in the foreseeable future [1]