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<Research>UBS: GEELY AUTO 1Q Results Solid, Progressing Orderly Toward Full-Yr Sales Guidance
GEELY AUTO (00175.HK)'s 1Q26 net profit reached RMB4.2 billion, down 27% YoY but up 18% QoQ, according to a UBS research report. Excluding one-off gains and losses like foreign...
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<Research>UBS: GEELY AUTO 1Q Results Solid, Progressing Orderly Toward Full-Yr Sales Guidance
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GEELY AUTO (00175.HK)  +0.560 (+2.507%)    Short selling $492.04M; Ratio 21.831%   's 1Q26 net profit reached RMB4.2 billion, down 27% YoY but up 18% QoQ, according to a UBS research report. Excluding one-off gains and losses like foreign exchange impacts, core net profit would have soared by 30% QoQ or 31% YoY to RMB4.6 billion.

Benefiting from improved sales volume and margins, GEELY AUTO's 1Q26 net profit accounted for 21% of the market's full-year forecast. UBS believes the results were better than market expectations.

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In addition, GEELY AUTO's 1Q26 sales volume reached 3.45 million vehicles, representing 21% of management's full-year target of 3.45 million units, while the exports of 640,000 vehicles accounted for 32% of the target. UBS believes the carmaker is progressing orderly toward its guidance, and overseas sales will have further upside potential.

UBS has given GEELY AUTO a Neutral rating and a target price of HKD20.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 16:25.)

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