0306 GMT - Geely Automobile's 1Q organic net profit will likely to reach an all-time high of 4.1 billion yuan, Deutsche Bank analyst Bin Wang writes in a note. The key driver for the growth is an improved 1Q gross margin, he says. Sales of the Zeekr 9X flagship SUV reached 22,035 units in 1Q 2026, thanks to its strong order backlog of 11 to 14 weeks, he adds. The quarter's high-margin overseas sales volume reached a new record of 203,024 units, he adds. As the overall 1Q sales volume declined seasonally to 709,358 units, the product mix improvement should boost 2Q's gross margin, DB says.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 02, 2026 23:06 ET (03:06 GMT)
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