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<Research>CMBI Lifts GEELY AUTO (00175.HK) TP to $27 as 1Q Earnings Beat
GEELY AUTO (00175.HK)'s 1Q26 earnings beat expectations, while revenue was broadly in line with forecast, according to CMBI's research report. Quarterly sales reached 709,0...
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<Research>CMBI Lifts GEELY AUTO (00175.HK) TP to $27 as 1Q Earnings Beat
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GEELY AUTO (00175.HK)  +0.360 (+1.693%)    Short selling $259.49M; Ratio 23.083%   's 1Q26 earnings beat expectations, while revenue was broadly in line with forecast, according to CMBI's research report. Quarterly sales reached 709,000 units, ranking first among all Chinese automakers.

Gross margin for 1Q26 expanded by 0.6 ppts QoQ to 17.5%, 0.7 ppts above the broker's forecast. Selling, administrative and R&D expenses were slightly below CMBI's expectations, despite a decline in the R&D capitalization ratio.

Related NewsGEELY AUTO (00175.HK) Slumps Over 4% as Daiwa Downgrades to Hold, TP Cut to HKD23.7
Net profit for 1Q26 amounted to RMB4.2 billion, 9% above the broker's estimation. Core net profit rose 31% YoY, implying core net profit per vehicle of about RMB6,400 in 1Q26.

Meanwhile, the broker lowered its 2026 R&D capitalization ratio forecast from 64% to 58%, and raised its net profit forecast by 8% to RMB20.9 billion. Therefore, CMBI lifted its target price from $25 to $27, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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