10 new energy vehicle companies forecast the first annual performance growth of nearly 40 times

category:Finance
 10 new energy vehicle companies forecast the first annual performance growth of nearly 40 times


He Xiaopengs microblog is suspected to be a response to Tesla CEO musk accusing Xiaopeng of plagiarism in automobile technology. The cars automatic driving system announced on January 20 that its auto radar system will be upgraded from the original car show in Guangzhou.

After the release, musk publicly sent multiple messages on twitter, saying that Xiaopeng automobile had the old software version of Tesla, but did not have Teslas neural network algorithm. This is only the problem of Xiaopeng automobile, and other Chinese companies have not done so. And when replying to netizens comments, he directly pointed out that Xiaopeng copied Teslas old code and also stole Apples code.

New forces of car making set a record

In 2020, new energy vehicles have become the pig strong on the air outlet. Many investors sigh that they thought the wind of new energy vehicles was passing quickly, but they didnt expect that there would be more wind behind. According to the latest data released by China Automobile Industry Association, Chinas new energy vehicle market sales increased by 104.5% in October, the fourth time this year to break the monthly sales record.

The stock prices of several major domestic new energy vehicle companies have also ushered in a bright moment. Last year, the shares of Weilai automobile, which once hovered on the line of life and death, have risen 1125.12% in the year to the latest, more than 10 times more than the market value of BMW, GM and other giants, becoming the sixth largest automobile enterprise in the world. BYDs share price rose by 299.79% in the year. While surpassing SAIC, BYD also ranked among the top three global auto companies in terms of market value, becoming the first brother of Chinese auto companies. Even the ideal car and Xiaopeng automobile, which successively landed on the US stock market in July and August, the stock price of BYD increased by more than 200%.

Since this year, Nezha automobile, Tianji automobile, Weima automobile and Evergrande automobile have announced their plans to land on the science and technology innovation board. In the first half of the year, the accumulated financing amount of new domestic automobile manufacturing forces was 13 billion, of which Weilai automobile accounted for more than 50%. Zhang Xiang, a member of the new energy and intelligent Internet connected automobile industry expert think tank of the Ministry of industry and information technology, believes that for the new forces of vehicle manufacturing, the general development cost of vehicle projects is much higher than that of fuel vehicles of traditional automobile enterprises, and the approval process for listing on the science and technology innovation board is relatively simple. Next, the capital of new forces of car making will be more and more concentrated, and the successful listed top enterprises will obtain huge amount of financing, and the pattern can be quickly presented.

Comparison of the report card of three new forces of car making

As of last Wednesday, the third quarter financial reports of Weilai, ideality and Xiaopeng, the three major domestic automobile making forces listed in the United States, have been released. In the third quarter of 2020, Weilai delivered 12200 vehicles, with a delivery volume of more than 10000 for two consecutive quarters. Xiaopeng and ideal delivered 8578 and 8660 vehicles respectively, including the new P7 of Xiaopeng It has become a sales pillar, accounting for more than 70% of the total sales volume, which is 19 times of the delivery volume in the last quarter. It seems that the delivery performance of the three new forces of car building is good, but there is still a big gap compared with Tesla. In the third quarter, Tesla delivered 34000 vehicles, and from January to September this year, Teslas sales volume in China was 81000; The sales volume of Weilai, Xiaopeng and ideal are 26000, 14000 and 18000 respectively, which are still nearly 30% less than that of Tesla. Teslas price reduction strategy has a certain impact on the sales of the three companies.

From the perspective of gross profit rate, the three new forces have achieved improvement. Weilais gross profit rate changed from negative to positive in the second quarter, and further increased by 12.9% in the third quarter. The ideal gross margin has always been positive, and there is a gap with the competitors, from 8% in the first quarter and 13.3% in the second quarter of this year to 19.8% in the third quarter. In the past two years, the gross profit rate has been lower than - 20%. In the first half of this year, the gross profit rate was - 3.6%, and the overall gross profit rate in the third quarter was 4.6%. Compared with Tesla, the ideal level of gross profit margin has gradually been comparable to Tesla. Teslas gross profit margin has been in the range of 16% - 28% in the past five years.

However, it is worth noting that although the gross profit margin of the three companies is positive, the loss still exists. Weilais net loss narrowed by 58.5% compared with the same period last year and 11% compared with the previous quarter, but still exceeded 1 billion yuan. The ideal net loss in the third quarter was 104 million yuan, which was further narrowed compared with the second quarter. Xiaopeng only lost 146 million yuan in the second quarter of this year, and its net loss increased to 1.148 billion yuan in the third quarter. As a new force of car making, the investment in R & D is undoubtedly quite large. In the short term, this has indeed added a lot of resistance to profit.

10 new energy vehicle concept stocks release annual report performance forecast

Since November, the new energy vehicles still maintain the rising momentum. The index of new energy vehicles has increased by 9.87% in November, outperforming the market in the same period (4.75%). According to the statistics of securities times u00b7 data treasure, since November, 29 new energy vehicle concept stocks have gained the increase of Beishang capital.

According to the average transaction price since November, Xianfeng intelligent and SAIC Group have respectively obtained 1.182 billion yuan and 1.129 billion yuan of Beishang capital to increase their positions, with the largest increase. In addition, in descending order, BYD, Huayou cobalt, Yiwei lithium energy, Engel, Tianqi lithium, Hongfa, Xinwangda, GuoXuan high tech and Sanhua Zhikong have increased their positions by more than 200 million yuan since November.

Ten new energy vehicle concept stocks have released the performance forecast of the annual report. Among them, BYD and Huichuan technology have the largest annual net profit lower limits, which are 4.2 billion yuan and 1.809 billion yuan respectively, up 160.15% and 90% year-on-year. Tianqi lithium is the only one among the 10 stocks to forecast a loss, with a net profit lower limit of - 2.27 billion yuan.

In terms of the growth rate of the performance forecast, the net profit of seven stocks doubled year on year, namely Tianci materials, dangsheng technology, Yahua group, Jiangling Motor, BYD, Derun electronics and duofuduo. Among them, Tianci materials forecast annual report net profit growth lower limit was 3882.84%. For the reasons for the substantial growth of performance, the company said that on the one hand, the sales volume and sales proportion of high gross profit products such as carbom of daily chemical materials and special chemicals division increased, the product structure was optimized, and the gross profit margin increased significantly. On the other hand, the market demand for lithium-ion battery materials and electrolytes increased, the sales volume increased significantly compared with the same period last year, and the asset ratio of raw materials and gross profit rate of products increased. (Guojie, databao)

Statement: all information in data bank does not constitute investment advice. Stock market is risky and investment should be cautious. Source: Securities Times editor in charge: Yang Bin_ NF4368

Statement: all information in data bank does not constitute investment advice. Stock market is risky and investment should be cautious.