CETF VanEck FTSE China A50 ETF
- 49.825
- -0.275-0.55%
HSBC's attitude is clear: BYD has "huge potential for growth" while Tesla is "maintaining shareholding"!
The bank believes that Tesla is on the path of "difficult reality return", while BYD has a strong technical reserve and can continue to lead the new energy autos market.
AH stocks collectively opened lower, with brokerage and baijiu sector falling, and Kweichow Moutai falling more than 2%.
On Monday, the Shanghai Composite Index opened down 0.49%, the Shenzhen Component Index fell 0.3%, and the Growth Enterprise Market fell 0.42%. The Wande total A shares fell 0.49%. Commercial aerospace and ultra-high-voltage power transmission concepts strengthened, while baijiu, brokerage, and education industries had the biggest decline. Kweichow Moutai continued to fall, down 2.7%. Hong Kong stocks opened and fell, with the Hang Seng Index down 0.52%, enn energy and galaxy ent both fell nearly 2%, and Alibaba fell more than 1%. The Hang Seng Tech Index fell 0.58%, with Weibo and Kuaishou both down more than 1%. Brilliance Chi rose nearly 15% and plans to distribute special stock dividends of HK$4.3 per share. In the A-share sector, electrical utilities once again fell, with Sichuan Mingxing Electric Power down nearly
EU Tariffs on China EVs: Who Are the Winners and Losers?
The European Union announced it will hike tariffs to as high as 48% on electric Chinese imported vehicles. China has threatened retaliation across agriculture, aviation and cars with large engines. Bloomberg's Danny Lee reports.
Ah stocks opened low and went down, while apple supplier shares were strong. Shipping, metals sector continued to decline, and Kweichow Moutai rose 1%.
Consumer electronics stocks are strong, while shipping and precious metals sectors continue to decline. Baijiu sector rebounded slightly, and Kweichow Moutai rose 1% during early trading. Hong Kong stocks opened low and moved lower, with Hang Seng Tech Index falling 1%. Electric vehicle stocks led the decline, with Nio Inc dropping more than 7%, Xpeng dropping 5%, and Li Auto dropping 2%.
The Feitian series all experienced a large drop, with Moutai's stock price falling more than 3% and trading volume exceeding 10 billion yuan.
On Tuesday, the A-share baijiu sector fell across the board, with kweichow moutai falling more than 3% during the day and trading volume exceeding 10 billion yuan. Since the beginning of this year, kweichow moutai has fallen more than 9%. Prior to this, the Securities Times reported that on the day of the Dragon Boat Festival, the Feitian series fell sharply. According to information released by the No. 2 Sauce platform, from 2023-24, the original box price will drop by 5-10 yuan/bottle, and the bulk price will drop by 40 yuan/bottle in 2024; the zodiac series, the Rabbit, Tiger, and Pig years will drop by 30-50 yuan/bottle, while the Rat and Monkey years will plummet by 100-200 yuan/bottle; the other series will drop by 100 yuan per bottle for the 30-year vintage. The Securities Times cited industry sources as saying that in recent days,
Li Yunfei of BYD: corporate competition is like playing cards, one should act according to their ability and not destroy the rules because of temporary gains and losses.
During June 6th and June 8th, Li Yunfei, the General Manager of Brand and Public Relations Department of BYD Company Limited, delivered a speech at the 2024 China Auto Chongqing Forum (CACS2024). Li Yunfei pointed out that in terms of price wars, companies should act according to their abilities due to their different sizes and situations. He looked back at the past two years, during which many auto companies, including BYD, had to raise prices due to the reduction of subsidies and the increase in raw material costs. However, with the decrease in raw material prices, price reductions are now possible. As for consumers, he emphasized that companies should not fool consumers, but should provide better services.
Tesla's sales in China increased by 17% compared to the previous year in May, due to the recovery of demand for EV.
Tesla, a leading American electric automobile company, saw an increase in passenger vehicle sales in China in May compared to the previous year. The recovery in EV demand is attributed to the Chinese government's trade-in program and the Beijing Motor Show, which drew consumers' interest. According to preliminary figures released by the China Passenger Car Association (CPCA) on the 4th, Tesla sold 72,573 units in May, a 17% increase from the same month last year.
Lynk & Co carries the banner of Geely's counterattack
The hybrid wind starts.
When it was first covered, did Goldman Sachs think it could increase by another 50% during the Ningde era?
Goldman Sachs is optimistic about the technological advantages and profitability of the Ningde era, and gives a purchase rating and a target price of 304 yuan. The average annual EPS growth rate in the 2024-2030 era is 26%, of which 21% comes from sales growth and 1% from unit gross profit expansion.
Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month
On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!
BYD's price war, the more you fight, the more money you make? | Insight Research
Overseas markets, high-end and intelligence have become important labels for BYD this year
BYD held the spring press conference of Fangchengbao Auto, and the “5839” of the Fangchengbao family was unveiled!
This time, the supercar Panther 9 also made a surprise appearance!
Lithium prices plummeted, falling out of 19% profit growth in the Ningde era | Insight Research
Q1 In the Ningde era, revenue declined, but profit increased
BYD Wang Chuanfu: The company's long-term global sales target is 10 million units, half of which are overseas
J.P. Morgan pointed out that BYD's profitability in overseas markets will be higher than at home. Wang Chuanfu emphasized the importance of using artificial intelligence to improve the level of factory automation, especially overseas factories, in order to save labor costs, which is a major positive factor in improving BYD's profitability.
China's EV market surges in March, ADR rises
Chinese electric vehicle (EV) brands are being bought on the US stock market at the beginning of the day. The rapid increase in the number of units shipped in March compared to the same month of the previous year is well received. Shanghai Weilai Automobile (NIO)'s EV shipments in March were 11,866 units, up 14.3% from the same month last year, and up 45.9% from the previous month. In the January-March fiscal year, shipments fell 3.2% from the same period last year to 30,053 units.
Next week's big schedule: US non-farm payrolls in March, intensive speeches by senior Federal Reserve officials, Tesla, BYD Q1 sales PK
Focus on: China's Caixin manufacturing PMI for March, US non-agricultural data for March, ISM manufacturing and service PMI data, durable goods order data for February, European CPI for March. OPEC+ will hold a ministerial meeting, Powell and many other Federal Reserve officials will deliver speeches, and Kweichow Moutai will release financial reports.
Agricultural Bank of China GAAP EPS of RMB 0.72
BYD's 2023: Selling cars is easy, but making money is the real skill | Insight Research
On the evening of March 26, NEV giant BYD announced its 2023 annual results. Three million sales were exchanged for 30 billion dollars in profit, which allowed BYD to break through the price war. In 2023, BYD achieved operating revenue of 602.3 billion yuan, an increase of 42% year on year; net profit to mother was 30.04 billion yuan, up 80.7% year on year; gross margin increased 3.17 percentage points year on year to 20.21%, successfully surpassing its old rival Tesla (18.2%). However, the impact of the industry price war still affected BYD in the fourth quarter. 24Q4's net profit declined for the first time in the year, and returned
$30.4 billion! BYD's net profit increased 80% year-on-year last year, and proposed cash dividends of more than 9 billion dollars | Financial News
The gross margin of BYD's automobile business last year was 23.02%, up 2.63 percentage points from the previous year.
Ping An Insurance (Group) Company of China Ltd (PNGAY) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the Ping An Insurance (Group) Company of China Ltd (PNGAY) Q4 2023 Earnings Call Transcript:Financial Performance:Ping An Insurance reported a 4.7% YoY revenue increase,