GEELY AUTO(00175) 华尔街见闻·2025-04-10 12:57Core Viewpoint - Geely Auto expects a significant increase in net profit for Q1 2025, projected to reach 5.2 to 5.8 billion RMB, representing a year-on-year growth of 220% to 270% due to record sales, strong growth in the new energy sector, product structure optimization, and scale effects [1][5]. Group 1: Financial Performance - In Q1 2025, Geely's sales are anticipated to hit a historical high, with rapid expansion in export business contributing to overall performance [2]. - For the fiscal year 2024, Geely reported revenue exceeding 240 billion RMB, with a net profit attributable to shareholders increasing by 213% year-on-year [2][3]. - The company achieved a new energy penetration rate exceeding 50% and exported over 410,000 vehicles globally [2]. Group 2: Business Strategy - Geely is committed to its transition towards new energy and is accelerating its global strategy, focusing on AI and smart manufacturing capabilities [2]. - The company has diversified its technology pathways, establishing a multi-brand matrix that includes high-end pure electric vehicles and hybrid models, creating a comprehensive technological moat [3][4]. Group 3: Profitability Drivers - The significant increase in profitability is driven by strong growth in the new energy business, product structure optimization, and scale effects [6]. - Geely's export business has generated substantial foreign exchange gains, contributing an estimated 2 to 2.3 billion RMB in after-tax net income, enhancing the quarterly performance [6].