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GEELY AUTO Leaps 4% after Midday, as 2024 NP Spikes 2.1x+ w/ More Div.
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In the afternoon session, GEELY AUTO (00175.HK)'s stock price stretched its upswing, peaking at HKD18.84. It last posted at HKD18.7, up 4%, with a trading volume of 60.7884 million shares and a turnover of HKD1.101 billion.

GEELY AUTO announced at noon that its FY2024 revenue reached RMB240.194 billion, up 34% YoY. It recorded a net profit of RMB16.632 billion, a 213.3% YoY spike, with EPS at RMB1.638 cents. The company declared a final DPS of HKD33 cents, compared to HKD22 cents in the same period of last year. Geely set its 2025 sales target at 2.71 million units, approximately 25% above total sales achieved last year.

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