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Geely stock code A shares (Geely stock)

Release Time:2022-06-16 Topic:Geely Auto Stock Market Reading:68 Navigation:Stock Liao information > Car > Domestic cars > Geely stock code A shares (Geely stock) phone-reading

If you want to learn stock trading and know the latest stock market conditions, please pay attention to Sendi Printing Finance, this article shares "Geely Stocks", if it is helpful to you, please help to like it!

List of contents of this article:

1. Geely stock code? 2. What is the stock code of Geely Auto? 3. Has Geely Auto been listed? What is the stock code? 4. What does Geely’s stock code mean?

Geely stock code?

Geely Automobile is currently only listed on the Hong Kong Stock Exchange with the stock code of 00175. If you have any other questions, it is recommended that you consult a licensed investment advisor after opening an account with GF Securities.

What is the stock code of Geely Auto

As of January 2021, Geely Auto is only listed on the Hong Kong Stock Exchange with the stock code of 00175 .

In May 2005, Geely was successfully listed in Hong Kong with stock code 0175HK.

Geely Holding Group owns Geely Automobile, Lynk & Co, Volvo Cars, Polestar, Proton, Lotus, London Electric Vehicles, Long-range New Energy Commercial Vehicles, Taili Flying Cars, and Cao Cao Cars , Homer, Saxo Bank, Mingtai and many other internationally renowned brands.

Extended information:

On March 28, 2010, Geely acquired Volvo Car Company, and the final equity purchase agreement was signed in Gothenburg, obtaining 100% of Volvo Car Company's equity and related assets ( including intellectual property).

On August 2, 2010, Geely Chairman Li Shufu and Ford Chief Financial Officer Louis Booth attended the delivery signing ceremony held in London, England. Geely completed the entire acquisition of Volvo Car Company, a subsidiary of Ford Motor Company. Equity acquisition.

On August 4, 2017, Zhejiang Geely Holding Group, Geely Automobile Holding Co., Ltd. and Volvo Car Group formally signed an agreement at Geely Automobile Hangzhou Bay R&D Center to establish Lynk & Co. After the establishment of the new company, Geely Auto will own 50% of Lynk & Co, 30% of Volvo Cars and 20% of Geely Holding Group.

Is Geely Automobile listed? What is the stock code?

Geely Automobile is listed in Hong Kong. The code is HK00175.

Expansion information:

Zhejiang Geely Holding Group was founded in 1986 and entered the automotive field in 1997. Over the years, it has been focusing on industry, technological innovation and talent training, and has achieved rapid development. The current total asset value exceeds 200 billion yuan. In the recently announced 2017 Fortune Global 500 list, Zhejiang Geely Holding Group ranked 343rd with a revenue of 31.4298 billion US dollars, and climbed 67 places strongly. Since it first entered the list in 2012, it has entered the world's top 500 for six consecutive years, and has entered the top 500 Chinese enterprises for 14 consecutive years. ".

Zhejiang Geely Holding Group is one of the top ten enterprises in China's auto industry. Established in Taizhou in 1986, since entering the sedan field in 1997, it has achieved rapid development by virtue of its flexible operating mechanism and continuous independent innovation. In 2003, the group management headquarters moved to Hangzhou. In July 2012, Geely Holding Group entered the Fortune Global 500 with a total operating income of US$23.3557 billion (approximately RMB 150 billion), becoming the only Chinese private auto company shortlisted.

The European Commission on July 6, 2010 approved the China Zhejiang Geely Holding Group Co., Ltd.Acquisition of 100% of the shares of Volvo Cars in Sweden. This is the largest acquisition of a foreign auto company by a Chinese company so far, with a total acquisition capital of about US$1.8 billion.

Reference: Baidu Encyclopedia Geely Automobile

Geely stock code, what does it mean

Geely Automobile (Hong Kong stock code: HK0175).

Reminder: Stock investment fluctuates with market changes, and it is possible to rise or fall. Entering the market is risky, and investment needs to be cautious.

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How did Geely Auto achieve a "double drop" in performance and the stock rose instead?

On August 21, Geely Automobile released its 2019 first half performance report on the Hong Kong Stock Exchange. Data show that in the first half of the year, Geely Automobile's revenue was 47.56 billion yuan, down 11% year-on-year, but higher than the market's estimated 45.92 billion yuan; net profit was 4.01 billion yuan, down 40% year-on-year, but lower than The market estimated 4.04 billion yuan. According to the above financial report data, this is the first time that Geely Automobile has experienced a sharp decline in more than four years. However, unexpectedly, after the financial report was announced, Geely's stock did not fall, but instead rose to a high of more than 2%. In this way, professionals believe that on the one hand, domestic capital is becoming more and more mature, and on the other hand, the market is full of confidence in the prospects of Geely Auto

In response to the decline in performance, there are two reasons given by Geely Auto. : First, because of the overall decline in sales in the Chinese auto market. On the other hand, the reason is that starting from July 2019, some regions of China officially implemented the National VI emission standards ahead of schedule. In the first half of the year, Geely actively provided higher discounts and preferential measures to reduce the inventory of dealers, thus weakening the gross profit margin performance.

Indeed, the decline in auto sales has long been expected. Geely also stated before that the domestic auto market will enter the "micro-growth era", the industrial competition environment is extremely deteriorated, new products are continuously launched, and the traditional fuel vehicle market has turned into a red sea. In the first half of this year, overall passenger vehicle sales in the Chinese market fell by 14% year-on-year, according to data from the China Association. Among them, the total sales of Chinese self-owned brand passenger vehicles fell by 21.7% year-on-year. In the first half of the year, Geely Automobile's total sales in the Chinese market were 613,100 vehicles (including Lynk & Co), a year-on-year decrease of 19%. It can be seen that Geely Auto is also "difficult to be alone" in the case of a bad environment.

The content of "Geely Stocks" will be shared here today. After reading it, I believe it will be of some help to you. Finally, I would like to remind you that financial investment has certain risks and should be handled with caution.

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