Geely Automobile 0175

[winston]

vested

Geely Automobile vehicle sales jump 35pc

Geely Automobile (0175) yesterday said vehicle sales jumped 35 percent to about 120,000 units in May from a year ago.

In the first five months of this year, sales grew 14 percent to more than 556,000 units, a filing said yesterday.

Source: The Standard

https://www.thestandard.com.hk/section- ... -jump-35pc

[winston]

vested

Cao Cao Mobility: First 'Geely Caocao 60' Put into Use in Chongqing

Cao Cao Mobility, an online car-hailing platform under Geely Holding Group, announced that Geely Caocao 60, the first model built by Geely Industry 4.0 Smart Factory, has been officially put into use in Chongqing recently and put into operation on the platform.

Cao Cao Mobility will launch tens of thousands of Geely Caocao 60s across China this year, and provide certain subsidies for car owners who use this model.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

GEELY's Zeekr Delivers Over 10K Vehicles in Jun, Surging 147% YoY

GEELY AUTO (00175.HK) announced that ZEEKR Intelligent Technology Holding Limited (Zeekr), the Group's premium intelligent electric vehicle company, delivered a total of 10,620 units of vehicles in June 2023, up approximately 147% YoY.

Zeekr is a non-wholly-owned subsidiary of GEELY, and is principally engaged in the research, development and sales of battery electric vehicles, batteries and other components of new energy vehicles, and related services under the “Zeekr” brand.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Geely's earnings inch up

by Himo Liu

Geely Automobile (0175) saw its first-half net profit grow 1.2 percent to 1.57 billion yuan (HK$1.69 billion) from a year ago, with no dividend declared.

In the first six months of 2023, its total revenue rose 26 percent year-on-year to 73.2 billion yuan, closely aligned with its projections, the company said.

Despite a demand recovery that was not as strong as anticipated, and competitive pricing in the automotive sector, the company managed to notch up sales of 694,045 units, a 13 percent year-on-year upswing.

Regarding new energy vehicles, Geely sold a total of 157,889 pure electric vehicles and plug-in hybrid electric vehicles during the period, surging by 44 percent compared to the previous year.

Furthermore, the proportion of new energy vehicles within the sales mix reached an impressive 23 percent.

Additionally, exports rose to 121,185 units in the first half, representing a yearly increase of 38 percent.

Source: The Standard

https://www.thestandard.com.hk/section- ... gs-inch-up

[winston]

not vested

Geely Auto (175 HK)
1H23: Results Miss On Margins Again; Downgrade To SELL

Geely’s 1H23 net profit came in below estimates at Rmb1,571m (+1% yoy/-58% hoh).

The earnings miss lies in margins and contribution from Lynk & Co and Genius AFC.

Looking ahead, Geely’s margins will likely continue to be pressured by the price war in
the ICE-car market despite its fast-growing EV sales.

We cut our 2023-25 net profit forecasts by 23-27% to Rmb3,865m/Rmb4,603m/Rmb5,077m respectively on lower margins.

Maintain SELL. Cut target price from HK$9.00 to HK$6.50.

Source: UOBKH

https://research.uobkayhian.com/content ... a1a27876a2

[winston]

not vested

GEELY's ZEEKR Reportedly Plans to Raise US$1B in IPO

Cailian Press quoted sources as saying that GEELY AUTO (00175.HK)'s premium smart brand ZEEKR intends to start a new round of water-testing meetings with investors at the end of August, and plans to raise about US$1 billion in its future IPO.

Combined with its recent business, ZEEKR's IPO valuation is expected to be much more than US$13 billion.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

GEELY's Zeekr US IPO Pursuing US$18B Valuation: CN Media

Zeekr, a premium electric vehicle company of GEELY AUTO (00175.HK), plans U.S. IPO.

The Chinese media Jiemian.com reported that the likelihood of a successful IPO of Zeekr is alarmingly high.

Zeekr has yet to negotiate with investment institutions in China and Hong Kong, while focusing on overseas investors, people within the circle of Zeekr's roadshow told.

As of early September, water-testing meetings were held with some investment institutions in Singapore and Europe.

According to preliminary results, Zeekr hopes to achieve a valuation of US$18 billion, which is comparable to the U.S. stock market cap of NIO (NIO.US) .

In February 2023, the post-investment valuation of Zeekr's Pre-A round of financing was US$13 billion, sources divulged.

As it is still at an early stage of expression of interest, there is still room for downward adjustment of the price quoted by Zeekr to investors.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news