Geely Auto: nine-month core profit up 41% to a record
FROM THE WIRE · FINANCE.YAHOO.COM
Nine-month core net profit attributable to owners of the parent rose 41% to a record RMB 14.9 billion. Gross margin reached 18% and core net profit per vehicle rising 37% to RMB 6,664. Record third quarter core net profit, up 32% year on year to RMB 5.21 billion. Total vehicle…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly results for a major Chinese automaker, with gross margin and exports rising sharply.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Core net profit attributable to owners rises 41% to a record RMB 14.9 billion in the first nine months.
- 02Gross margin reaches 18% and total vehicle sales exceed 2.235 million units.
- 03Cumulative exports surge 169% to 797,670 vehicles, with new energy vehicles at 61%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets