Latest news with #GeelyAutomobileHoldingsLimited
Yahoo
16-04-2025
- Automotive
- Yahoo
Geely Holding sales surge 31% in Q1
Chinese automaker Zhejiang Geely Holding Group reported a 31% year-on-year surge in global vehicle sales to 946,627 units in the first quarter of 2025, driven by an 83% jump in new energy vehicle (NEV) sales to 463,372 units – or 49% of its total vehicle sales in this period. Geely Automobile Holdings Limited, comprising the group's Chinese brands, reported a 48% increase in first-quarter sales to 703,824 units, including 589,813 Geely-branded vehicles, 72,608 Lynk & Co sales, and 41,403 Zeekr sales. The company's commercial vehicle unit, Farizon New Energy Commercial Vehicle Group, saw its sales rise by 62% to 26,710 units. Sales outside China amounted to 89,953 units, underpinned by the recent roll-out of the EX5 in Indonesia, Australia, New Zealand, Vietnam, and across Latin America. First-quarter sales by the group's Volvo Cars subsidiary amounted to 172,219 vehicles, including 74,483 NEVs, while Polestar sold 12,304 units. Geely has stepped up its globalization strategy in the last two years, underpinned a strong new product launch strategy. Exports from China surged by 57% to 414,522 units last year, with the company reporting strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe. "Geely Holding sales surge 31% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
16-04-2025
- Automotive
- Yahoo
Geely Holding sales surge 31% in Q1
Chinese automaker Zhejiang Geely Holding Group reported a 31% year-on-year surge in global vehicle sales to 946,627 units in the first quarter of 2025, driven by an 83% jump in new energy vehicle (NEV) sales to 463,372 units – or 49% of its total vehicle sales in this period. Geely Automobile Holdings Limited, comprising the group's Chinese brands, reported a 48% increase in first-quarter sales to 703,824 units, including 589,813 Geely-branded vehicles, 72,608 Lynk & Co sales, and 41,403 Zeekr sales. The company's commercial vehicle unit, Farizon New Energy Commercial Vehicle Group, saw its sales rise by 62% to 26,710 units. Sales outside China amounted to 89,953 units, underpinned by the recent roll-out of the EX5 in Indonesia, Australia, New Zealand, Vietnam, and across Latin America. First-quarter sales by the group's Volvo Cars subsidiary amounted to 172,219 vehicles, including 74,483 NEVs, while Polestar sold 12,304 units. Geely has stepped up its globalization strategy in the last two years, underpinned a strong new product launch strategy. Exports from China surged by 57% to 414,522 units last year, with the company reporting strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe. "Geely Holding sales surge 31% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-03-2025
- Automotive
- Yahoo
Geely's earnings surge threefold in 2024
Chinese automaker Geely Automobile Holdings Limited (Geely) reported a more than threefold increase in earnings in 2024, as revenues from its domestic brands soared by 34% to CNY240bn (US$33.1bn). Net profits rose by 240% to CNY16.8bn, helped by a CNY9.1bn one-off gain from the sale of assets, allowing the group to generate net cash of CNY26.5bn. Excluding the one-off gain, net profit increased by 52%, despite intense competition in its domestic market. Global vehicle sales rose by 34% to 2,176,567 units last year, driven by a 92% surge in sales of new energy vehicles to 888,235 units – comprising mainly battery and hybrid-electric powered vehicles, equivalent to approximately 41% of its total vehicle sales. The company attributed the rise in earnings to higher volumes, with improved economies of scale contributing significantly to its product competitiveness. Sales volumes were way higher than the company's original target of 2 million units for the year, with its local brands significantly outperforming in the domestic market. Exports also surged by 57% to 414,522 units last year, as Geely stepped up its globalization strategy. The company reported strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe – supported by a high number of new product launches. Geely said it had 891 sales and service outlets in place across 81 markets worldwide at the end of last year, with plans to expand this number by over 300 to around 1,100 by the end of 2025. The automaker confirmed it has launched an 'Intelligent Vehicle AI technology system, applying AI across its intelligent vehicle domains, integrating AI in vehicle architectures, powertrain systems, chassis and cockpits, as well as throughout the product life cycle, from development to after sales.' Geely has set a 2025 target of becoming 'the world's first automaker with full-domain AI integration ability, by building a complete intelligent ecological system that includes operating systems, intelligent cockpits, autonomous driving, vehicle connectivity, supercomputing centers, and satellite internet infrastructure.' It plans to launch ten new energy models this year, as it targets for further sales growth in its home market and overseas. "Geely's earnings surge threefold in 2024" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Zacks.com featured highlights include Geely Automobile, Sterling, Allot and Kingstone
Chicago, IL – March 4, 2025 – Stocks in this week's article are — Geely Automobile Holdings Ltd. GELYY, Sterling Infrastructure, Inc. STRL, Allot Ltd. ALLT and Kingstone Companies, Inc. KINS. If achieving profit is a company's goal, then having a healthy cash flow is essential to its existence, development and success. This is because cash offers strength, vitality and flexibility to make investment decisions as well as the fuel to run the growth engine. Investors flock to companies that earn profits, but even a profitable business can succumb to failure if its cash flow is irregular and eventually files for bankruptcy. However, a company's resiliency can be fairly judged when its efficacy in generating cash flows is assessed. This is because cash not only shields a company from market mayhem but also indicates that profits are being channeled in the right direction. In light of ongoing global economic uncertainty and market turbulence, this viewpoint is particularly relevant. In this regard, stocks like Geely Automobile Holdings Ltd., Sterling Infrastructure, Inc., Allot Ltd. and Kingstone Companies, Inc are worth buying. To figure out this efficiency, one needs to consider a company's net cash flow. While in any business, cash moves in and out, it is net cash flow that explains how much money a company is actually generating. If a company is experiencing a positive cash flow, it denotes an increase in its liquid assets, which gives it the means to meet debt obligations, shell out for expenses, reinvest in the business, endure downturns and finally return wealth to shareholders. On the other hand, a negative cash flow indicates a decline in the company's liquidity, which in turn lowers its flexibility to support these moves. However, having a positive cash flow merely does not secure a company's future growth. To ride on the growth curve, a company must have its cash flow increasing because that indicates management's efficiency in regulating its cash movements and less dependency on outside financing for running its business. Therefore, keep yourself abreast with the following screen to bet on stocks with rising cash flows. Here are four stocks that qualified for the screening: Geely Automobile Holdings Limited is engaged in automobile manufacturing and related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. The Zacks Consensus Estimate for GELYY's 2025 earnings implies year-over-year growth of 149.31%. Estimates for 2026 earnings per share have moved up by 8.8% over the past two months. GELYY has a VGM Score of B. Sterling operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions principally in the United States, mainly across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. The Zacks Consensus Estimate for Sterling's current-year earnings has moved 14% north in the past week. STRL currently has a VGM Score of A. Allot Ltd. is a provider of network intelligence and security solutions for service providers and enterprises. Allot Ltd., formerly known as ALLOT COMM LTD, is based in HOD HASHARON, Israel. The Zacks Consensus Estimate for Allot's 2025 earnings of six cents implies year-over-year growth of 50%. Estimates for 2026 earnings per share have moved up by 15.4% over the past week. ALLT has a VGM Score of B. Kingstone Companies, through its subsidiary, provides property and casualty insurance products to individuals in the United States. The Zacks Consensus Estimate for 2025 earnings per share has improved 16.1% over the past week to $1.80. KINS has a VGM Score of A. Start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Geely Automobile Holdings Ltd. (GELYY) : Free Stock Analysis Report Allot Ltd. (ALLT) : Free Stock Analysis Report Kingstone Companies, Inc (KINS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
