Accessible version Geely 2Q26 in-line; core NP +64% YoY; core NP per car at RMB7.2k; new PO at HKD27.6 Reiterate Rating: BUY | PO: 27.60 HKD | Price: 18.67 HKD 2Q26 core earnings +64% YoY; core NP per car +62% YoY Geely reported 2Q26 results and hosted a post-results conference call on 17 August. In 2Q26, revenue was RMB89.8bn, up 14% YoY/7% QoQ, with deliveries of 714k vehicles, +1% YoY/+1% QoQ, while ASP was up 15% YoY/flat QoQ at RMB112k. GPM came in at 18.4%, up 1.4ppt YoY/0.9ppt QoQ, driven by better s ...