Ge Long Hui·2025-11-18 03:21Core Viewpoint - Morgan Stanley reported that Geely Automobile's third-quarter revenue reached 89 billion yuan, reflecting a quarter-on-quarter increase of 15% and a year-on-year increase of 26%, driven by an 8% rise in sales volume, indicating a mid-single-digit expansion in average selling price [1] Financial Performance - The net profit for the third quarter was 3.8 billion yuan, representing a quarter-on-quarter increase of 6% and a year-on-year increase of 58%, slightly exceeding Morgan Stanley's expectation of 3.7 billion yuan and aligning with market expectations [1] - For the first three quarters, core net profit increased by 59% to 10.6 billion yuan, on track to achieve the annual target of 15 billion yuan [1] Investment Rating - Morgan Stanley has assigned an "Overweight" rating to Geely Automobile, with a target price set at 24 Hong Kong dollars [1]