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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.
Trending Industry Today: BYD COMPANY Leads Losses In Electric Vehicles Stocks
