Geely Auto (0175 HK) Q1 2026 (CNY): Net 4.2bln (exp. 4.5bln), Revenue 83.8bln (prev. 72.7bln Y/Y)
Geely Auto's Q1 2026 net income fell short of expectations, coming in at 4.2 billion CNY versus the expected 4.5 billion CNY, while revenue increased significantly from the previous year.
HKEX (0388 HK) Q1 2026 (HKD): Net 5.2bln (exp. 4.6bln), EBITDA 6.6bln (exp. 5.8bln), Revenue 8.2bln (exp. 7.6bln)
KPMG has closed its US government audit practice following the loss of an army contract, FT reports
Geely Auto (0175 HK) Q1 2026 (CNY): Net 4.2bln (exp. 4.5bln), Revenue 83.8bln (prev. 72.7bln Y/Y)
Ukraine is facing risk of tougher terms to get some EU loan payouts, Bloomberg reports citing sources; payouts would be dependent on the introduction of a tax change for businesses
China has paused new autonomous driving permits after Baidu (9888 HK/BIDU) outage
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This mix of a revenue beat but net income miss suggests potential pressure on margins, which could impact investor sentiment and expectations around future profitability in the automotive sector.
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