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<Research>CLSA: GEELY AUTO (00175.HK) 1Q Results In Line; Full-yr NP Expected at RMB19.6B
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GEELY AUTO (00175.HK)'s 1Q26 results were in line with its expectation, while net profit amounted to RMB4.17 billion, CLSA issued a research report saying. Excluding foreign exchange losses, core net profit was RMB4.56 billion, up 31% YoY. Gross margin was 17.5% during the period, up 1.7 ppts YoY and 0.6 ppts QoQ.

CLSA reiterated its 2026 net profit forecast of RMB19.6 billion for the Company, and kept rating at High Conviction Outperform, with a target price of $30.

Related News UBS: GEELY AUTO (00175.HK) 1Q Results Solid, Progressing Orderly Toward Full-Year Sales Guidance


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