Minsheng Securities: Maintains recommended rating for Geely Auto

Minsheng Securities released a research report on Geely Automobile, stating that the company recently signed a merger agreement with JiXing, aiming to create a Geely Automobile brand. The company's Galaxy brand is positioned for the mainstream market, with a focus on releasing new products intensively. JiXing, in collaboration with Lynk & Co, is aiming to capture a larger share of the high-end market. The company's new energy brand is gaining momentum, with accelerating profits. It is expected that the company's revenue will reach 404.78 billion, 489.69 billion, and 572.83 billion yuan in 2025-2027, with net profits attributable to shareholders of 16.21 billion, 22.09 billion, and 25.98 billion yuan. The research report maintains a "buy" rating.