Ge Long Hui·2025-11-18 03:32Core Viewpoint - The report from Credit Lyonnais indicates that Geely Automobile's net profit for the third quarter is 3.8 billion yuan, translating to a profit of approximately 5,000 yuan per vehicle, compared to 4,700 yuan in the first half of the year. This improvement in sales price and unit profit is primarily driven by changes in product mix and economies of scale [1] Financial Performance - Geely's third-quarter net profit is reported at 3.8 billion yuan, with a profit per vehicle of about 5,000 yuan, an increase from 4,700 yuan in the first half of the year [1] - The bank expects this trend of improved profitability to continue into the fourth quarter, leading to an upward revision of the profit forecast for the year by 12% [1] Strategic Outlook - Management has set an export target of 1 million units for next year, with an anticipated penetration rate of 50% for new energy vehicles [1] - The expected merger with the subsidiary Zeekr is anticipated to yield better synergies [1] Market Position - The bank forecasts that Geely will maintain resilience in its performance next year and reaffirms a target price of 23 Hong Kong dollars, with a rating of "highly confident to outperform the market" [1]