Geely stock reports higher core profit as revenue rises

Published on 10/07/2026 at 07:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Geely stock was last at HKD 14.96 on October 7, 2026, while H1 core profit reached CNY 9.68 billion. JPMorgan cut its target to HKD 16.

Geely, KYG3777B1032, Illustration mit AI erstellt.

Geely (ISIN KYG3777B1032) was trading at HKD 14.96 on the Hong Kong Stock Exchange at 1:09 p.m. HKT on October 7, 2026, down HKD 0.01, or 0.07 percent, from the prior close. The key operating backdrop is stronger than the small intraday move: first-half core net profit reached CNY 9.68 billion, up 46 percent year over year.

Core profit outpaces revenue growth

According to FUTU on September 22, 2026, Geely reported first-half revenue of CNY 173.6 billion, an increase of 15 percent from the prior-year period. Reported net profit attributable to shareholders was CNY 9.09 billion, down 1.8 percent, as foreign-exchange effects swung against the company.

The contrast between the two profit measures is central for investors. Core net profit rose 46 percent, while reported net profit fell 1.8 percent, showing how currency movements affected the headline result even as underlying operating performance improved. Gross margin reached 17.9 percent in the first half, up 1.6 percentage points year over year, according to the same interim-results review.

Exports lift the volume picture

Geely's September sales added a second operating signal. Markets Insider reported that the company sold 292,168 vehicles in September, up 7 percent year over year and 8 percent from August. New energy vehicle sales reached 190,868 units, or 65 percent of the monthly total.

International demand was the sharper growth engine in that release. Overseas sales reached 106,685 vehicles in September, up 162 percent year over year, while sales for the first nine months reached 797,670 vehicles, an increase of 169 percent. The figures support Geely's expansion narrative, but the domestic market and pricing discipline remain important to earnings quality.

Analyst targets show a wide gap

The analyst view is divided. MarketScreener lists a Buy consensus from 27 analysts and an average target of CNY 24.80. That target is stated in CNY and is therefore not compared with Geely's HKD quote.

By contrast, TipRanks reported on September 29, 2026, that JPMorgan downgraded Geely from Overweight to Neutral and reduced its HKD target from HKD 29 to HKD 16. The bank cited weak domestic demand, higher input costs, policy uncertainty and overseas tariff risks.

Geely is scheduled to report nine-month 2026 results on October 29, 2026, according to Simply Wall St. That release should show whether September's volume growth is translating into sustained margin and profit gains.

Geely stock trades near its yearly low

Geely stock was last at HKD 14.96 on October 7, 2026, while its 52-week range stood at HKD 14.33 to HKD 25.62. The stock was 4.4 percent above the lower end of that range, making the next results a direct test of whether operating momentum can narrow the valuation gap.