On May 20, Chery Automobile rose 3.46% in regular trading, trading at HKD 28.1/share, with trading volume of HKD 89.35 million, bucking a broader selloff across the auto sector.
On the news front, the company recently disclosed its annual results showing revenue of RMB 300.287 billion, up 11.3% year-over-year, and net profit attributable to shareholders of RMB 19.507 billion, up 36.1%, with net margin improving to 6.5%. Full-year vehicle sales reached a record 2.631 million units, with NEV sales of 827,000 units and exports of 1.294 million units, up 33.2%. Additionally, the company announced a dividend with an ex-date of May 26 and payment date of June 26, providing near-term catalyst support.
Within the Automobile Manufacturers sector, major peers declined broadly. Among individual stocks, BYD Company down 3.19%, Geely Auto down 1.34%, Li Auto down 1.13%, XPeng down 0.68%, NIO down 2.78%, highlighting Chery's notable outperformance driven by fundamental strength.
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