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[Brokerage Focus] Guozheng International raised the target price for Geely Autos (00175) to 19 HKD, believing the company will exceed its sales target in 2024.
Jinwu Financial News | According to Guozheng International Research, in the first three quarters of 2024, Geely autos (00175) achieved revenue of 167.68 billion yuan, a year-on-year increase of 36%; the net income attributable to the parent company was 13.05 billion yuan, a year-on-year increase of 358%. Among them, revenue in the third quarter was 60.38 billion yuan, a year-on-year increase of 20%; net income attributable to the parent was 2.46 billion yuan, a year-on-year increase of 92%. The gross margin for the first three quarters was 15.3%, an increase of 0.5 percentage points year-on-year. The growth in performance and improvement in profitability were attributed to steady growth in sales and optimization of the product structure. From January to October, the company's cumulative sales reached 1.716 million autos, a year-on-year increase.
smart staged a "Metamorphosis".
Transformation.
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
Five projects in jiangxi have been approved for filing within one week, and many places are accelerating the implementation of low-altitude economic related projects.
① The projects include the low-altitude economic industry public service center project, the low-altitude tourism project at the Huangling Mountain scenic area in Shangrao, the comprehensive development project for low-altitude transportation around Poyang Lake, the comprehensive application project for low-altitude air traffic in Shangrao's low-altitude economy, and the low-altitude flight operation project in the Huangling Mountain area of Guangxin District in Shangrao. ② Recently, various places across the country have accelerated the implementation of low-altitude economic projects.
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Geely Automobile Target Price Raised to HK$19.30 From HK$10.90 by HSBC Global Research >0175.HK
China's Latest EV Stocks Face Uncertain Reception in New York -- Heard on the Street -- WSJNo Data
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