BK3058 Autos
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China Automobile Association: the added value of the automobile manufacturing industry increased by 23.7% in September compared with the same period last year.
According to the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, the added value of the automobile manufacturing industry increased by 23.7% in September 2022 compared with the same period last year, which is 17.4% higher than that of industries above the national scale in the same period, Zhitong Financial and Economic APP learned. It plays a significant role in promoting the industrial economy. From January to September, the added value of the automobile manufacturing industry increased by 6.9% compared with the same period last year, 2.4 percentage points higher than that of January-August and 3.7 percentage points higher than that of the manufacturing industry in the same period.
Autohome Inc-S (02518.HK) will hold a board meeting on November 3rd to approve the third quarter results
Autohome Inc-S (02518.HK) announced that the board of directors will hold a board meeting on November 3, 2022, at which it will approve the unaudited financial results and announcements of the company and its subsidiaries for the three months ended September 30, 2022.
In order to quickly realize the network layout of new energy vehicles, Chongqing Department Store (600729.SH) plans to set up a new company to operate co-branded cars.
Zhitong Financial App News, Chongqing Department Store (600729.SH) announced that in order to quickly realize the network layout of new energy vehicles, the company agreed to invest in Chongqing Trading Co., Ltd., a wholly-owned subsidiary, to set up a wholly-owned subsidiary Chongqing Merchant Hongchuang Automobile sales and Service Co., Ltd. (provisional name), operating co-branded cars with a registered capital of 5 million yuan.
Seahorse Motor (000572.SZ) posted a net loss of 195 million yuan in the first three quarters.
Zhitong Financial and Economic APP News, seahorse Motor (000572.SZ) released a report for the third quarter of 2022. In the first three quarters, the company achieved operating income of 1.73 billion yuan, an increase of 50.38% over the same period last year. The net loss of shareholders belonging to listed companies was 195 million yuan, and the deduction of non-recurrent profit and loss belonging to shareholders of listed companies was 214 million yuan.
Changes in US equities丨China's NEV stocks generally fall, Tesla's sudden price cuts in China increase the level of market competition
Glonghui, October 24, 丨 China Electric Vehicle's stock fell before the market. Xiaopeng Motor fell 13.53%, NIO fell nearly 12%, and Ideal Auto fell nearly 11%. Tesla announced today that from now on, the price of the Model 3 and Model Y sold by Tesla in mainland China will be adjusted. Prices of different models have dropped to varying degrees. The starting price of the Model 3 dropped by 14,000 yuan, and the starting price of the Model Y dropped by 28,000 yuan. People familiar with the matter in the industry pointed out that Tesla's price reduction motive for price in exchange for volume is very obvious, and competition in the NEV market will become more intense.
Zhongtai Securities: First to MeiDong Auto (01268) “increase in holdings” rating, growth will still depend on self-construction, mergers and acquisitions, etc.
The Zhitong Finance App learned that Zhongtai Securities released a research report saying that the first “increase in holdings” rating for MeiDong Auto (01268), and the lack of stock of related brands, etc. will affect short-term performance. However, considering that the current differentiated positioning is most likely to avoid competition and the rapid growth of new stores and the same stores, the 2022-24 net profit is expected to be 9.8/13.6/1.83 billion yuan (-16%/+40%/+34% year-on-year), and there is potential for M&A expansion. The outstanding abilities of the company's management have given it an absolute leading efficiency advantage. Under the commercial attributes of car dealers that are heavy on leverage, assets, and operations, the subtlety of efficiency
Major Bank Ratings | Credit Suisse: Great Wall Motor (2333.HK) Maintains “Outperform Market” Rating with Quarterly Performance Expectations
Gelonghui, Oct. 24 | Credit Suisse published a report saying that Great Wall Motor (2333.HK)'s quarterly performance beat expectations. The record high gross margin was a major surprise. As a result, the bank raised its earnings per share forecast for this year by 19.7%. However, earnings per share forecasts for next year and the following year were lowered by 23.9% and 36.6%, respectively, to reflect lower sales assumptions. Based on the negative impact of the cancellation of government preferential policies next year, it is predicted that passenger car sales in mainland China will fall 15% year on year next year. The bank reduced Changqi's target price from HK$20 to HK$10 in response, but it still maintained its “outperform the market” rating because Changqi was newly manufactured
Credit Suisse: Maintaining Great Wall Motor's (02333) “Outperform Market” rating target price by 50% to HK$10
The Zhitong Finance App learned that Credit Suisse released a research report saying that maintaining Great Wall Motor (02333)'s “outperform the market” rating will increase this year's earnings forecast per share by 19.7%, but it will lower its earnings forecast for the next year by 23.9%/36.6% respectively to reflect lower sales assumptions. The target price will be reduced by 50% from HK$20 to HK$10. The company's quarterly results were better than expected, and gross margin reached a record high, which was a major surprise. The bank maintained its rating mainly because it grew well in the medium term after the new product structure debuted, believing it would speed up its low-cost new product launch plan.
Zero running car (09863): price stabilization action, end of price stabilization period and failure of over-allotment options
Zhitong Financial APP News, Zero Motor (09863) announced that the stable price period for the global offering will end on Sunday, October 23, 2022 (that is, the 30th day after the deadline for submitting applications for a Hong Kong public offering). J.P. Morgan Securities (Asia Pacific) Limited (acting as price stabilizer) or anyone acting on its behalf has carried out the following price stabilization actions during the price stabilization period: (1) over-allocation of a total of 13.0935 million H shares in the international offering, equivalent to the whole
China Merchants Shipping (601872.SH): Domestic trade transfers of some ships in the automobile rotor fleet to foreign trade operations
Gelonghui, October 23 - China Merchants Shipping (601872.SH) announced that in recent years, domestic demand for new automobile exports has been strong and has maintained strong growth. According to statistics from the China Association of Automobile Manufacturers, from January to September 2022, Chinese automobile companies exported 2,117 million vehicles, an increase of 55.5% over the previous year. At present, China's total automobile exports have surpassed Germany, making it second in the world. Meanwhile, since the fourth quarter of 2021, due to poor supply chains in the automobile industry and changes in the structure of international automobile trade, freight rates in the international rotor transportation market have opened an upward channel, rising from a trough to a record high. With
Express News | Electric vehicle charging network provider Volta: the company has cut 54% of its full-time workers in the United States since the second quarter.
DongFeng Motor Group (00489) acquired controlling shareholder Dongfeng Motor increased its stake by 10.95 million shares.
Zhitong Financial App News, DongFeng Motor Group (00489) issued an announcement that from October 17, 2022 to October 21, 2022, Dongfeng Motor acquired 10.95 million H shares of the company at an average price of about HK $4.01 through the Hong Kong Stock Exchange Pipeline. Immediately following the above increase, Dongfeng Motor's stake in the company increased to 5.85 billion shares on the day of this announcement, accounting for about 67.90% of the total shares issued. Among them, it holds 5.76 billion domestic shares, accounting for 66.86% of the company's total issued shares, and 89.658 million H shares, accounting for about 1.04% of the company's total issued shares.
300507.SZ intends to buy Hanan's 37.5% stake in Bonaire and cut it into races such as car air-conditioning systems.
Zhitong Financial App, 300507.SZ announced that the company recently signed a "Memorandum of understanding" with Han Ang Systems Co., Ltd., a listed company in South Korea, and the two sides reached a preliminary intention on the company's intention to acquire a 37.5% stake in Wuhu Bonell Automotive Electrical Systems Co., Ltd. Held by Hanang. The price of this transfer shall be calculated on the basis of the 100% equity valuation of the underlying company of 450 million yuan. According to the following conditions, the company promises to buy the 37.5% stake held by Hanang at a price of 169 million yuan. And agreed to further sign the final equity transfer agreement in the future.
Baosteel (600019.SH): ultra-low carbon emission automobile plate parts and net zero carbon path released successfully
Zhitong Financial APP News, Baosteel (600019.SH) issued an announcement, a few days ago, the company for the first time through the online realization of three Baosteel automotive plate parts with more than 50% carbon reduction-fuel tank reinforcement bracket, B-column reinforcement plate lower part, seat headrest connection plate global release. The successful demonstration and application of these three ultra-low carbon emission automotive plate parts is a big step in Baosteel's low-carbon action of SMARTeX. The demonstration application of ultra-low carbon emission steel materials at the automotive parts level is still rare in the world. Baosteel takes this as an opportunity to promote the construction of a low-carbon ecosystem in the global automotive industry and realize the materials and automotive industry as soon as possible. "
Great Wall Motor (601633.SH): Plans to co-establish Shindong Semiconductors with Wei Jianjun and his control company
Gelonghui, Oct. 21, 丨 Great Wall Motor (601633.SH) announced that the company plans to use its own capital to jointly invest with Wei Jianjun and Wensheng Technology (Tianjin) Co., Ltd. to establish Xindong Semiconductor Technology Co., Ltd. (provisional name, subject to business registration), with a registered capital of RMB 50 million, of which Wei Jianjun has pledged 5 million yuan, accounting for 10%; the company has pledged a capital of RMB 35 million, accounting for 70%. Wei Jianjun is the chairman and actual controller of the company, Wensheng Technology (Tianjin) Co., Ltd.
Harmony Auto (03836) spent HK$394,000 to buy back 343,500 shares on October 21
According to the Zhitong Finance App, Harmony Auto (03836) announced that it will spend HK$394,000 to repurchase 343,500 shares on October 21, 2022, with a repurchase price of HK$1.09-1.22 per share.
Rundong Auto (01365) will be deregistered from October 31
According to the Zhitong Finance App, Rundong Auto (01365) issued an announcement. On October 14, 2022, the Stock Exchange sent a letter to the company informing them that the Listing Committee decided to cancel the company's listing status on October 14, 2022, in accordance with section 6.01A (1) of the listing rules. The Stock Exchange also confirmed that unless the company applies for review of the cancellation decision based on its rights under Chapter 2B of the listing rules, the last day of listing of the company's shares is October 28, 2022, and its stock listing status will be cancelled at 9:00 a.m. on October 31, 2022.
Rundong Auto (01365.HK): The Stock Exchange decided to cancel the company's listing status
Gelonghui, October 21, 丨 Rundong Auto (01365.HK) issued an announcement. On October 14, 2022, the Stock Exchange issued a letter to the company informing the Listing Committee that the Listing Committee decided to cancel the company's listing status on October 14, 2022, in accordance with section 6.01A (1) of the listing rules. The company's listing status on the Stock Exchange will be cancelled, effective from 9 a.m. on October 31, 2022. After that, the company's shares will no longer be traded on the Stock Exchange.
Haima Automobile (000572.SZ): Subsidiaries have recently received a total of 114.202 million yuan in government subsidies
Gelonghui, Oct. 21, 丨Haima Motor (000572.SZ) announced that the company's subsidiaries have recently received a total of about 114.202 million yuan in various government subsidies in the form of cash subsidies.
Changes in Hong Kong stocks | Auto Market Technology (01490) rose 9%, China Gold Index Q4 auto advertiser investment budgets are expected to be released simultaneously
The Zhitong Finance App learned that Auto Market Technology (01490) was active in the afternoon, with a maximum increase of 9%. According to CICC's latest industry report, the budgets of advertisers, including the automobile industry, are expected to be released simultaneously in 22Q4. Auto Market Technology is mainly engaged in automobile advertising service business in China. As of press release, Auto Market Technology rose 9.09% to HK$0.168, with a market capitalization of HK$207 million. CICC said in its latest advertising industry review report that along with the 22Q4 intensive holiday and mid-year promotions, advertisers' budgets are expected to be released simultaneously. QuestMobile data shows that in June 2022, Xinneng