Geely Automobile Holdings Limited·Consumer Cyclical

Geely Automobile Holdings Limited receives a Buy rating, driven by superior product quality, rapid global expansion, and strong sales growth. GELYF's Galaxy M9 SUV demonstrates competitive quality and pricing, signaling a credible threat to established Western automakers. Geely's localization strategy, including new manufacturing hubs outside China, aims to overcome tariff barriers and accelerate Western market entry.

Geely Auto (GELYF) delivered robust 2025 results, with revenue up 44% to CNY345 billion and resilient gross margin at 16.6%. The recent share price rally to HKD22+ appears overextended, with fundamentals not fully justifying the surge post-Q4 earnings. Growth tailwinds from subsidies are fading, and normalization is expected as policy support cools.

Volvo Cars should explore more ways to collaborate with sister brands like Polestar and Geely Autos and strengthen its research and development capabilities in China, Volvo Cars and Geely Holding chair Li Shufu said on Tuesday.

I retain a "Buy" rating for Geely after evaluating its performance and outlook. GELYF posted a 35.8% increase in normalized net profit for FY2025, driven by 39% higher unit sales and a pivot towards higher-margin models. The company is expected to outperform the Chinese automotive market in 2026 with a +14% volume growth guidance; key drivers include overseas expansion and new launches.

HONG KONG, March 18, 2026 (GLOBE NEWSWIRE) -- Geely Automobile Holdings Limited today announced its financial and operational results for the full year of 2025. Driven by a 90% year-on-year increase in New Energy Vehicle (NEV) sales, the company achieved record revenue of CNY 345.2 billion and a core net profit of CNY 14.41 billion. Total global deliveries reached 3.02 million vehicles.

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Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research and development, production, marketing, and sale of vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services. It primarily offers sedans, wagons, sport utility cars, and electric vehicles under the Geely, Geometry, and ZEEKR brands. The company also provides vehicles design, technology consulting, general logistics, packing, and storage services; researches and develops technology; procures mechanical and electrical equipment; and manufactures and sells vehicle engines. It operates in Malaysia, Eastern Europe, the Middle East, Northern Europe, the Philippines, Central and South America, Africa, and other countries. The company is headquartered in Wan Chai, Hong Kong.
Consumer Cyclical
Auto - Manufacturers
64,000
2007-01-03
0.45
Market Peers





