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Earnings Call Summary | GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US) Q4 2023 Earnings Conference

moomoo AI · Mar 20 14:10 · Conference Call

GELYF +3.03%

The following is a summary of the Geely Automobile Holdings Limited (GELYF) Q4 2023 Earnings Call Transcript:

Financial Performance:

Geely Automobile reported record annual sales exceeding targets, with a sold of 1.687 million vehicles - a 17.7% year-over-year increase.
Gross profit experienced significant growth, increasing by 31.82% from the previous year.
Revenue registered a rise of over 21% from last year.
New Energy Vehicles (NEVs) sales showed a remarkable year-over-year increase of 48%.

Business Progress:

Geely transitioned into a mainstream New Energy Vehicle (NEV) group.
Considerable year-over-year growth was reported in auto brands sales.
Geely plans to continue expanding into NEVs with the launch of three new models.
Geely strengthened its commitment towards ESG initiatives, focusing on reducing carbon emissions.

More details: GEELY AUTOMOBILE HOLDINGS LIMITED IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Canada, order-execution only services available through the moomoo app are provided by Moomoo Financial Canada Inc., regulated by the Canadian Investment Regulatory Organization (CIRO).

In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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