Ge Long Hui·2025-11-19 02:57Core Insights - Bank of America Securities reports that Geely Automobile's Q3 revenue increased by 27% year-on-year to 89.2 billion yuan, driven by a 43% year-on-year increase in delivery volume and higher average selling prices [1] - Gross margin improved by 1.2 percentage points to 16.6% due to enhanced economies of scale, improved operational efficiency, and optimized product mix [1] - Net profit for the period rose by 59% year-on-year to 3.8 billion yuan, with cumulative net profit for the first three quarters reaching 13.1 billion yuan [1] Forecast Adjustments - Sales forecasts for 2025 to 2027 have been raised by 2%, 1%, and 2% respectively [1] - Total revenue forecasts have been adjusted upward by 1%, 2%, and 2% for the same years [1] - Earnings per share forecasts have been increased by 1%, 6%, and 5% for 2025 to 2027 [1] Target Price and Rating - The target price has been raised from 24 HKD to 25 HKD [1] - The "Buy" rating has been reaffirmed [1]