Jinwu Financial News | Caitong Securities released a Research Report indicating that Geely Autos (00175) announced its sales situation for November 2024 on December 1. November sales reached 0.19 million units, a year-on-year increase of 24%. November new energy sales were 0.122 million units, a year-on-year increase of 93.9%, with November BEV sales at 0.091 million units, up 173.2% year-on-year, and November PHEV sales at 0.031 million units, up 4.8% year-on-year. Export in November was 0.033 million units, a year-on-year increase of 13.0%.

The report continued to indicate that, by brand, Geely brand sales in November were 0.19 million units, a year-on-year increase of about 24%; among them, the Galaxy series sold 0.075 million units in November, a year-on-year increase of 121%; the China Star high-end series sold 0.049 million units in November; Lynk & Co brand sold 0.033 million units in November, a year-on-year increase of 9%; ZEEKR brand delivered 0.027 million units in November, a year-on-year increase of 106%. The Geely International EX5 made its debut in the Australia-New Zealand market, and Lynk & Co completed its brand launch in Chile, with the first store set to open in the capital Santiago, while ZEEKR's 500th global store officially opened in Singapore.

The report expects the company to achieve a net income attributable to the parent of 14.521/9.881/13.612 billion yuan for 2024-2026. The corresponding PE ratios are 9.41/13.82/10.03 times, maintaining a 'Shareholding' rating.