Movement Alert|GEELY AUTO Falls 3.06% in Regular Trading, Underperforming Peers Amid Share Dilution and Post-Earnings Digestion

Market Focus08-26 09:55

On August 26, GEELY AUTO fell 3.06% in regular trading to HK$18.38, with turnover of HK$157 million, significantly underperforming most automobile sector peers which posted gains. The decline comes as the market continues to digest the company's August 20 announcement of granting 182 million reward shares — representing 1.68% of issued capital — to over 8,364 participants following the ZEEKR merger integration, raising dilution concerns among investors.

Additionally, the mid-year results released on August 17 presented a mixed picture: while revenue grew 15% to RMB 173.6 billion and core net profit surged 46% to RMB 9.68 billion, reported net profit declined 2% to RMB 9.09 billion. Chairman An Conghui acknowledged that Geely currently lacks blockbuster products, tempering sentiment despite multiple brokerages maintaining buy ratings with targets ranging from HK$27.6 to HK$32.80.

Within the Automobile Manufacturers sector, XPENG-W rose 6.47%, NIO-SW rose 3.81%, LI AUTO-W rose 1.97%, BYD COMPANY rose 0.27%, while LEAPMOTOR fell 1.74%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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