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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Geely Automobile Holdings Limited    175   KYG3777B1032

GEELY AUTOMOBILE HOLDINGS LIMITED

(175)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 05/29
10.6 HKD   -9.56%
05/29China's Geely raises $836 million from share sale
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05/29China's Geely raises $836 million from share sale
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05/28GEELY AUTOMOBILE : Seek to Raise HK$6.45 Billion Via Share Placement
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Geely Automobile : Warns 2020 May Be Its Most Difficult Year yet After Profit Slumps

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03/30/2020 | 01:47am EDT

By Martin Mou

Geely Automobile Holdings said it is bracing for what will probably be one of its toughest years yet as the coronavirus pandemic ramps up pressure on China's already weak auto market.

The Chinese car maker gave the warnings at it posted a sharp decline in 2019 net profit on Monday.

Geely's net profit for 2019 plunged 35% to 8.19 billion yuan (US$1.15 billion), hit by a greater-than-expected drop in overall sales volume and fierce competition that weighed on prices, it said.

Revenue fell 9% to CNY97.40 billion as vehicle sales volume dropped by the same amount to 1.36 million units, Geely said.

The car maker expects the prevailing political and economic uncertainties could continue hurting passenger-vehicle demand in China this year, while the disruptions to its supply chain and production will pressure business volume and profitability.

Intensifying competition will likely squeeze profitability at all Chinese car makers in 2020, Geely said.

The company's vehicle sales plunged 75% to 21,168 units in February due to the pandemic.

To cope with the challenges, Geely said it will continue to increase the proportion of electric vehicles in its overall sales and boost exports to new markets in Southeast Asia and Western Europe.

The company has set a sales target of 1.41 million units for 2020, 4% higher than its total sales volume last year.

Geely proposed a final dividend of HK$0.25 for 2019, down from HK$0.35 a year earlier.

 

Write to Martin Mou at martin.mou@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GEELY AUTOMOBILE HOLDINGS LIMITED -9.56% 10.6 End-of-day quote.-30.45%
LETS HOLDINGS GROUP CO., LTD. 4.01% 12.45 End-of-day quote.106.13%
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Financials
Sales 2020 93 786 M 13 146 M 13 146 M
Net income 2020 8 165 M 1 145 M 1 145 M
Net cash 2020 15 402 M 2 159 M 2 159 M
P/E ratio 2020 11,0x
Yield 2020 2,29%
Capitalization 89 877 M 12 597 M 12 598 M
EV / Sales 2019
EV / Sales 2020 0,79x
Nbr of Employees 43 000
Free-Float 55,8%
Chart GEELY AUTOMOBILE HOLDINGS
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Geely Automobile Holdings  Technical Analysis Chart | 175 | KYG3777B1032 | MarketScreener
Technical analysis trends GEELY AUTOMOBILE HOLDINGS
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 12,96 CNY
Last Close Price 9,76 CNY
Spread / Highest target 84,9%
Spread / Average Target 32,8%
Spread / Lowest Target -26,0%
EPS Revisions
Managers
NameTitle
Sheng Yue Gui Chief Executive Officer & Executive Director
Wen Ze Xu President
Shu Fu Li Chairman
Siu Lun Ang Executive Director
Jian Yang Vice Chairman
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