No Data
CPCA Expects China Mar NEV Retail Sales to Rebound to 1 Million Units
[Brokerage Focus] Ping An Securities maintains a 'Recommended' rating for Geely Autos (00175), stating that the company will enter a new growth cycle.
Jinwu Financial News | Ping An Securities pointed out that Geely Autos (00175) disclosed its 2024 Earnings Reports, achieving total revenue of 240.2 billion yuan in 2024 (up 34% year-on-year), with a net income attributable to shareholders of 16.6 billion yuan (up 213% year-on-year), and a net income attributable to shareholders excluding non-recurring items of 8.5 billion yuan (up 52% year-on-year). It plans to distribute a dividend of 0.33 Hong Kong dollars per share. According to the company's disclosed data, the penetration rate of New energy Fund for Geely Autos in 2024 is 41%, and exports account for 19% of total sales. The Galaxy brand achieved sales of 0.494 million units, an increase of 80% year-on-year driven by new products such as E5, Star Wish, and Starship 7. Geely fuel.
[Special Contributor] Deng Shengxing: The adjustment of the US stock market is not over, and the Hong Kong stock market may continue to retreat.
King Woo Financial News | The Hang Seng Index closed at 23,689 on Friday (21st), down 530 points or 2.2%. The total market turnover for the day reached 339 billion yuan. The National Index fell by 2.3% to 8,742; the Tech Index plunged by 3.4% to 5,639. Blue-chip HSBC (00005) dropped by 1.3%; AIA (01299) fell by 2.8%; Ping An (02318) declined by 3.1%; Bank of China (03988) decreased by 2.1%. Mainland telecom stocks showed slight resilience, with China Mobile (00941) up by 0.1%; Unicom (00762) slightly increasing by 0.4%. The best-performing blue-chips of the week were the earlier suspended Xin Ao.
Luxury Cars Face Biggest Challenges From Trump's Tariffs, WSJ Reports
BOCOM INTL: Maintains the "Buy" rating for Geely Autos (00175) and raises the Target Price to HK$22.5.
The bank believes that with the further expansion of the Silver product matrix and the high cost-performance models (such as Silver E5, Starship 7, etc.) occupying the mainstream market of 0.1-0.2 million yuan, sales growth will remain strong.
Profits increased by 213%, with New energy Fund surging, what has Geely Autos (0175.HK) done right?
On March 20, Geely Autos (00175.HK) released its Earnings Reports for the entire year of 2024, and this latest report is quite significant. From the core data, several highlights are worth the market's attention: First, total revenue for 2024 reached 240.2 billion yuan, a substantial year-on-year increase of 34%, setting a new historical record; the Net income attributed to the parent company was 16.6 billion yuan, a remarkable year-on-year increase of 213%. The revenue growth momentum is strong, and the profit level is accelerating to release potential, significantly enhancing profitability. Second, gross profit has increased significantly to 38.2 billion yuan, with a gross margin of 15.9%, while the sales expense ratio and administrative expense ratio have both decreased year-on-year.
