Company Profile For Geely Automobile Holdings Limited

Geely Automobile Holdings Limited (0175.HK) (Hong Kong Stock)

sector: Cyclical Consumer Goods & Services · industry: Auto & Truck Manufacturers ·

As of 26 Nov 2009

3.62HKD

Price Change

-0.11

Percent Change

-2.95%

Analyst Recommendations

Overview

Geely Automobile Holdings Limited is an investment holding company. Through its subsidiary, the Company is engaged in manufacturing and trading of automobiles and automobile parts, and related automobile components. On July 1, 2008, the acquisition of additional interests in the associates of Zhejiang Geely Automobile Company Limited, Shanghai Maple Guorun Automobile Company Limited, Zhejiang Ruhoo Automobile Company Limited, Zhejiang Kingkong Automobile Company Limited and Hunan Geely Automobile Components Company Limited was completed. These associates are engaged in the manufacturing and sales of automobiles and related components in the Peoples’ Republic of China. The Company acquired additional 44.19% of the interest of these associates. After the acquisition of additional interests, these associates become 91%-owned subsidiaries of the Company.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Geely Automobile Holdings Ltd.'s revenues totaled RMB5.95B, up from RMB67.1M. Net income totaled RMB595.9M, up from RMB242.8M. Revenues reflect increased income from operations. Net income was partially offset by increased cost of sales, higher distribution & selling costs, rise in finance costs, the absence of gain on embedded derivative components and higher taxation expenses.