吉利汽车1月销量表现亮眼，银河销量环比+34.7%

Investment Rating - The investment rating for Geely Automobile is not explicitly stated in the provided documents, but the report indicates a positive outlook based on sales performance and strategic initiatives [2]. Core Insights - Geely's January sales reached 267,000 units, a year-on-year increase of 24.9% and a month-on-month increase of 27.0%. The Geely brand alone sold 225,000 units, up 30.1% year-on-year and 43.3% month-on-month [2]. - The Galaxy model saw significant growth, with sales of 94,000 units, representing a year-on-year increase of 134.2% and a month-on-month increase of 34.7% [2]. - The company is expanding its product matrix, with new models such as the Galaxy L6 EM-i and Lynk & Co 900, which are expected to contribute to sales growth [2]. - Geely is deepening its global strategic layout, with the opening of its first CKD factory in the Middle East and plans for local assembly in various regions, enhancing its competitive edge [2]. - The report highlights the ongoing advancement of Geely's smart technology, including the development of a native autonomous vehicle in collaboration with Waymo [2]. Financial Summary - For the fiscal year 2023, Geely's revenue is projected at 179.2 billion, with a year-on-year growth of 21%. Revenue is expected to reach 243.3 billion in 2024, 330.8 billion in 2025, and 421.0 billion in 2026, with respective growth rates of 36% [3][4]. - The net profit attributable to the parent company is forecasted to be 5.3 billion in 2023, increasing to 16.0 billion in 2024, before declining to 12.4 billion in 2025, and then rising again to 16.9 billion in 2026 [3][4]. - The earnings per share (EPS) is expected to be 0.51 in 2023, increasing to 1.59 in 2024, then decreasing to 1.24 in 2025, and finally reaching 1.68 in 2026 [3][4]. - The price-to-earnings (P/E) ratio is projected to be 15.76 for 2023, decreasing to 10.44 in 2024, then increasing to 13.42 in 2025, and finally dropping to 9.88 in 2026 [3][4].