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