CICC: Maintains Geely Automobile's outperform industry rating, target price of HK$26.

According to the Zhifutong Finance APP, Zhongjin has released a research report stating that it maintains its earnings forecast for Geely Auto (00175.HK) for 2025 and 2026. The current stock price corresponds to a P/E ratio of 10.8 times for 2025 and 9.8 times for 2026. The rating of outperforming the industry and a target price of 26.00 Hong Kong dollars are maintained, corresponding to a P/E ratio of 14.8 times for 2025 and 13.4 times for 2026, with an upside potential of 37.2% compared to the current stock price. The company announced its 1H25 performance, achieving revenue of 150.285 billion yuan, a year-on-year increase of 40%, and a net profit attributable to the parent of 9.29 billion yuan. Among them, the revenue in 2Q25 increased by 41% sequentially and 7% year-on-year to 77.79 billion yuan, with a net profit attributable to the parent of 3.62 billion yuan. The 2Q25 performance is in line with the bank's expectations.