CMSI said in a research report that GEELY AUTO (00175.HK) -1.180 (-5.230%) Short selling $514.54M; Ratio 20.295% recorded net profit attributable to shareholders of RMB4.17 billion in 1Q. Excluding foreign exchange impacts, core profit reached RMB4.56 billion, up 31% YoY, in line with expectations. In terms of overall trends, 1Q sales volume was 710,000 units, up 1% YoY. Revenue rose 15%, outpacing sales growth, benefiting from strong export growth and a higher proportion of high-end vehicle sales. Profit growth exceeded revenue growth, reflecting improved operating efficiency and enhanced profitability.The broker maintained its Overweight rating on GEELY AUTO and kept its TP at HKD36. It believes the company delivered high-quality growth in 1Q, with accelerated overseas expansion and positive guidance. The current valuation is equivalent to 9.6x forecast PE for FY2026 or 7.7x forecast PE for FY2027, which appears attractive. (hc/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)Related NewsJPM: BYD COMPANY (01211.HK), GEELY AUTO (00175.HK) and LEAPMOTOR (09863.HK) to Benefit from Rising Overseas Revenue Contribution
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