On August 18, GEELY AUTO declined 3.21% in regular trading to HK$18.06, with turnover of HK$714 million, giving back a portion of the prior session's over-5% rally following its interim results release.

The company reported H1 revenue of RMB 173.6 billion, up 15% year-over-year, while core attributable net profit surged 46% to RMB 9.68 billion. However, headline attributable net profit fell 2% to RMB 9.09 billion, operating cash flow plunged 68%, and no interim dividend was declared. On August 17, the company announced founder Li Shufu's resignation as chairman, with An Conghui assuming the role effective August 18. New chairman An Conghui stated at the earnings call that the company's core problem is lacking blockbuster products, requiring time to address through brand restructuring. Meanwhile, subsidiary Lynk & Co continues to face headwinds with four consecutive months of double-digit sales declines and an ongoing lidar malfunction controversy.

Within the Automobile Manufacturers sector, BYD COMPANY down 0.06%, XPENG-W down 0.43%, LEAPMOTOR down 2.63%, LI AUTO-W down 2.19%, NIO-SW down 1.55%.

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