Suddenly it soared by 24percent! Chinese magic car is on fire again

category:Finance
 Suddenly it soared by 24percent! Chinese magic car is on fire again


Wuling auto up 25%

The Hang Seng technology index rose 1.14% to 10666 points at the end of the day. The turnover of the market was HK $152 billion, with a net inflow of HK $5.215 billion.

On the disk, battery stocks and photovoltaic stocks were strong throughout the day, with the increase in the last session expanding. Poly GCL energy closed up by more than 25%; the nonferrous metal plate rose significantly, with Chinalco rising by more than 13%; the automobile, beer, port and shipping sectors continued to rise, and BYD shares rose 8.6%.

Shares of Wuling Motor Co., Ltd. rose 11.27% to HK $0.79 at 11:41. The transaction volume was 118.9 million shares, involving 88.1 million yuan.

At one point, it rose 28.17% to HK $0.91/share, up 23.94% to HK $0.88/share, with turnover of HK $197 million and turnover rate of 8.04%.

Compared with the previous trading day, Wuling motors market value increased by HK $523 million (equivalent to RMB 443 million) today, with the latest total market value of HK $2706 million.

In terms of performance, according to the financial report data, Wuling Automobile achieved a total revenue of 5.708 billion yuan in the first half of the year, a year-on-year decrease of 7.1%; the loss attributable to the owners of the company increased significantly to RMB 198 million yuan, with a basic loss of 7.5 points per share.

In terms of other data, Wuling motors gross profit in the first half of the year was 250 million yuan, a year-on-year decrease of 52.13%; the gross profit margin was 4.4%, which was 8.5% in the same period last year.

Wuling Rongguang new car to the countryside version officially launched

In the near future, the new model of Wuling Xialing will be launched on the market in May, that is to say, the new model of Wuling will be launched in Shangrong on May 6.

Aiming at the freight demand of rural users, SAIC GM Wuling launched the new Rongguang card of automobile to the countryside, which was officially launched today. The new car has the advantages of larger size, greater load, abundant power, safety and comfort. It is equipped with 1.5L and 1.8L power. The price is 52800-59800 yuan, and the replacement subsidy of 2000 yuan is also available.

It is worth mentioning that in order to better meet the loading demand of the rural market, the new truck version of Rongguang has been further upgraded in terms of container size. Among them, the length of single row container is extended from 3150 mm to 3300 mm, the length of double row container is extended from 2450 mm to 2600 mm, and the loading capacity is further advanced. At the same time, the gantry structure is added to meet the freight demand of complex mountain roads.

At the same time, the gantry structure is added to ensure the freight demand of vehicles in complex road conditions.

In terms of material, the proportion of high-strength steel used in the new car is more than 80%. The bracket at the connection between the frame and the cargo box is made of thickened steel plate, which matches the super large longitudinal beam, so it is easy to deal with heavy goods.

It is worth mentioning that the Wuling Rongguang new car to the countryside version is also equipped with reversing radar, multimedia large screen + USB + Bluetooth + reversing image, and the steering wheel is also electrically assisted, which can be called the God car in the field of minitruck.

According to media reports, on November 18, the executive meeting of the State Council proposed to stabilize and expand automobile consumption, encourage all localities to adjust and optimize the purchase restriction measures, increase the number plate index, launch a new round of vehicles going to the countryside and exchanging old ones for new ones, encourage rural residents to buy trucks of 3.5 tons or less and passenger cars with displacement of 1.6 liters or less, and eliminate the emission standards of national III and below for residents Cars and new cars are subsidized.

It is not difficult to find that Wuling Rongguang new car to the countryside version, mainly in response to the call of the national car to the countryside. This model is specially launched for the rural market, and has carried out special research and development on the load capacity required by everyone.

Car sales

In fact, Wuling has been chasing after the auto market.

Behind the hot speculation of stocks is a series of positive data and news.

On November 5, SAIC GM Wuling announced its sales data for October. In October, the overall sales volume of SAIC GM Wuling reached 179000, achieving a year-on-year growth of 19%. The sales of all brands were red, which was the seventh consecutive month that SAIC-GM Wuling achieved year-on-year growth. Among them, the sales volume of Wuling brand reached 131655, with a year-on-year increase of 50%; the actual sales of xinbaojun brand reached 15000, with a month on month increase of 29%; the overall sales volume of new energy products reached 29711, with a month on month increase of 22%.

Source:

Association

In October, there were 29711 SGMW, 22395 BYD, 12785 SAIC and 12143 Tesla vehicles in China. Among them, Wuling Hongguang miniev10 sales volume reached 23762 units, a month on month increase of 18%, the highest single day sales of more than 1200 vehicles.

Weilai, ideal, Weima, Xiaopeng and other new forces of automobile enterprises also performed well.

In addition, SAIC GM Wuling announced its latest sales data in this years double 11. It is understood that SAIC GM Wulings order volume on e-commerce platform reached 61666 vehicles, Hongguang minievs order volume reached 20609, and the order volume of tmall Jingdong platform increased by more than 280% compared with the same period last year, and the total amount of E-Commerce orders exceeded 43 million yuan.

With its outstanding sales performance, SAIC GM Wuling has been ranked on the list of major e-commerce platforms, not only becoming the number one auto enterprise in Jingdong, but also one of the most popular auto companies in tmall.

On October 15, Wuling Motor Co., Ltd. soared by more than 60% during the session, and finally closed up 42.42% to HK $0.47, with a market value of HK $1445 million and a daily increase of HK $430 million.

Since the beginning of this year, the price earnings ratio of Hong Kong stocks has risen by more than 9 times from the current figure of 20% at the beginning of this year.

In a longer time line, Wuling Autos share price has risen 3.63 times since June since its low point of HK $0.19/share. Among them, the sales volume of SAIC GM Wuling Hongguang miniev exceeded 20000, surpassing Tesla to become the top domestic new energy vehicle market sales champion.

On October 15, Wuling Motor Co., Ltd. soared by more than 60% during the session, and finally closed up 42.42% to HK $0.47, with a market value of HK $1445 million and a daily increase of HK $430 million.

CICC recently pointed out in its report that the auto market demand shows a steady recovery state, and it is expected that there is still room for improvement in the valuation of Chinese auto stocks. According to CICCs calculation, the sales volume of passenger cars in Chinas automobile market in 2021 is expected to be 22.45 million, with an annual sales increase of 14% year-on-year. Some institutional analysis pointed out that, taking into account the current valuation and capital situation of the Hong Kong stock market, the Hong Kong stock market will maintain an upward trend. In view of the global economic rebound that may be brought about by the favorable overseas vaccines, investment targets such as automobile, aviation and tourism have a relatively obvious rebound momentum in the near future. Under the long-term trend of layout of the new economy, some stocks with low value may have a good opportunity to absorb at a low level for the last time in the year. Source: China fund daily Author: Wang Jianqiang, editor in charge: Zhong Qiming_ NF5619