15 Nov 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update Geely Automobile (175 HK) 3Q24 NEV sales and profits pave way for FY25 Maintain BUY. Despite an unexciting net profit, its SG&A cost control and NEV profitability were impressive in 3Q24. We expect the current strong NEV sales momentum to extend into 2025, leading to substantial core profit growth. 3Q24 operating profit beat. Geely's 3Q24 revenue was 2% lower than our prior forecast. GPM in 3Q24 was 0.3ppts lowe ...