Geely’s Q1 Revenue Climbs and Core Profit Surges Despite FX Hit

Geely Automobile Holdings ( (HK:0175) ) has provided an announcement.

Geely Automobile Holdings reported first-quarter 2026 sales of 709,358 vehicles, up 1% year-on-year, with revenue rising 15% to RMB83.78 billion on strong export growth and a higher mix of high-value products. While reported profit attributable to shareholders fell 27% to RMB4.17 billion due to adverse foreign exchange effects, core profit rose 31% to RMB4.56 billion, highlighting improved operating efficiency and profitability and suggesting resilient underlying performance despite currency volatility.

Total assets declined 5% from year-end 2025 to RMB276.79 billion, while equity attributable to shareholders grew 3% to RMB95.29 billion, indicating a stronger capital base even as the balance sheet slightly contracted. The divergence between headline and core earnings underscores management’s emphasis on underlying operations, with the results likely to reassure stakeholders that the company is gaining margin traction through product mix upgrades and exports despite macro and FX headwinds.

The most recent analyst rating on (HK:0175) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.

More about Geely Automobile Holdings

Geely Automobile Holdings Limited is a Chinese automotive manufacturer focused on passenger vehicles, including higher-value models aimed at both domestic and export markets. Listed in Hong Kong with dual currency counters, the group positions itself as a volume player while moving up the value chain through exports and premium product offerings.

Average Trading Volume: 80,535,562

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$249.7B

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