吉利汽车 | 10月:批发销量创新高 高端市场加速发力【民生汽车 崔琰团队】
汽车琰究·2025-11-04 14:53

Event Overview - The company announced its October sales report, with total wholesale sales of 307,000 units in October, representing a year-on-year increase of 35.5% and a month-on-month increase of 12.5%. Cumulative wholesale sales from January to October reached 2.477 million units, up 44.3% year-on-year. In October, new energy vehicle sales were 177,882 units, up 63.6% year-on-year and 7.7% month-on-month, accounting for 57.9% of total sales. Cumulative new energy vehicle sales from January to October reached 1.346 million units, up 105.6% year-on-year [3][4]. New Energy Vehicle Sales - New energy vehicle sales saw a significant year-on-year increase, with an annual sales target of 3 million units. In October, total wholesale sales were 307,000 units, with exports of 42,000 units, reflecting a month-on-month increase of 2.2%. The company launched the new electric hybrid sedan, Starry 6, on October 30, with a limited-time price range of 68,800 to 99,800 yuan, featuring advanced AI hybrid systems and smart cockpit technology [4]. High-End Market Expansion - The company is accelerating its efforts in the high-end market, with sales of Zeekr and Lynk & Co reaching 21,423 units and 40,213 units in October, respectively. Cumulative sales from January to October were 165,000 and 282,000 units, showing a year-on-year decrease of 1.7% and an increase of 24.3%. The Zeekr 9X, a new luxury SUV, was launched on September 29, with a price range of 455,900 to 589,900 yuan, and has already seen over 10,000 pre-orders within 13 minutes of its launch [5]. Share Buyback Plan - On October 6, the company announced a share buyback plan with a maximum amount of 2.3 billion Hong Kong dollars, which will be executed in the open market upon approval from the Hong Kong Stock Exchange. This move reflects the company's confidence in its long-term development prospects and aims to optimize its capital structure and enhance earnings per share [6]. Financial Projections - The company expects significant revenue growth in the coming years, with projected revenues of 404.78 billion, 489.69 billion, and 572.83 billion yuan for 2025, 2026, and 2027, respectively. Net profits are projected to be 16.21 billion, 22.09 billion, and 25.97 billion yuan for the same years. The earnings per share (EPS) are expected to be 1.61, 2.19, and 2.58 yuan, corresponding to price-to-earnings (P/E) ratios of 10, 7, and 6 [8][9].