Geely Auto (175) Earnings Soar: 3Q Net Income Surges 92% Year-on-Year to 2.46B Yuan

Geely Auto on Smartkarma

Analysts on Smartkarma are optimistic about Geely Auto‘s recent performance. Ming Lu‘s report highlights a bullish sentiment as Geely’s sales volume growth rate accelerated in August. The company saw a strong 39% YoY revenue growth in 2Q24, with improving operating margins over the past year and a half. This positive outlook is reinforced by Caixin Global‘s report, where Geely Auto plans to raise its 2024 export target to 380,000 units from 330,000 units after a remarkable 67% year-on-year growth in vehicle exports in the first half of the year. Geely’s CEO, Gan Jiayue, attributed the success to aggressive expansion into emerging markets like Africa, resulting in over 400% sales surge. The company also targets further growth in regions such as Central Asia, Mexico, the Middle East, and Southeast Asia.

A look at Geely Auto Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto, the passenger vehicles manufacturing company, seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Growth, Resilience, and Momentum, the company is positioned well for future expansion and performance. The high Momentum score indicates positive market momentum and investor sentiment towards Geely Auto, potentially leading to further growth opportunities. Moreover, the above-average scores in both Growth and Resilience suggest that the company has solid potential for ongoing development and can withstand economic challenges.

Although Geely Auto received lower scores in Value and Dividend, the overall outlook remains optimistic due to its impressive ratings in key areas crucial for long-term success. Investors may find Geely Auto an attractive option for potential growth and resilience in the automotive industry, considering the favorable Smart Scores in Growth, Resilience, and Momentum.

Summary of the company: Geely Automobile Holdings Limited operates as a passenger vehicles manufacturing company, providing development, manufacturing, sales, and export services for passenger vehicles.

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