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<Research> BOCOM International: GEELY AUTO (00175.HK) 1Q Revenue Growth Outpaces Sales; Overseas and Premium Products Drive Earnings Recovery
BOCOM International published a research report stating that GEELY AUTO (00175.HK) recorded 1Q revenue growth that outpaced sales growth. Quarterly revenue reached RMB83.776 billio...
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<Research> BOCOM International: GEELY AUTO (00175.HK) 1Q Revenue Growth Outpaces Sales; Overseas and Premium Products Drive Earnings Recovery
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BOCOM International published a research report stating that GEELY AUTO (00175.HK)  0.000 (0.000%)    Short selling $514.54M; Ratio 20.295%   recorded 1Q revenue growth that outpaced sales growth. Quarterly revenue reached RMB83.776 billion, up 15% YoY. Net profit attributable to shareholders amounted to RMB4.166 billion, down 27% YoY, mainly dragged by net foreign exchange losses. Excluding the impact of foreign exchange and impairment, core profit rose 31% YoY to RMB4.561 billion, alleviating market concerns over earnings pressure. Sales increased 1% YoY to 709,400 units. Gross margin was approximately 17.5%, up about 1.8 ppts YoY, mainly driven by export volume expansion, a higher contribution from premium products and the expansion of its new energy vehicle lineup.

The broker expects 2Q263Q26 to be key catalysts for GEELY AUTO, supported by overseas volume growth, new model cycles of Galaxy, ZEEKR and Lynk & Co, and the broader adoption of intelligent technologies. BOCOM International believes overseas markets and premium products will drive earnings recovery, and it maintained a Buy rating with a TP of HKD24.21. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

Related NewsGEELY AUTO (00175.HK) Slumps Over 4% as Daiwa Downgrades to Hold, TP Cut to HKD23.7

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