Sales volume is floating red, stock price falls sharply, whats wrong with the head three brothers of the new force of car building?

category:Finance
 Sales volume is floating red, stock price falls sharply, whats wrong with the head three brothers of the new force of car building?


According to the data released by Weilai on December 1, a total of 5291 new cars were delivered in November, exceeding 5000 after October, setting a new record of brand monthly delivery for the fourth consecutive month, and doubling year-on-year for the eighth consecutive month since April this year.

Photo source: Weilai automobile

Li Bin, founder of Weilai, said at the third quarter financial report telephone conference that with a new round of full supply chain capacity improvement, it is expected that the full supply chain capacity will be increased to 7500 units in January 2021 to meet the growing demand for orders.

Xiaopeng auto sales in November also hit a new high in 2020. According to data released by Xiaopeng auto on December 1, the total delivery volume in November reached 4224 units, an increase of 342% year-on-year. In addition, from January to November 2020, a total of 21341 vehicles will be delivered, an increase of 87% year-on-year.

Among them, Xiaopeng P7 delivered 2732 sets in a single month, with a month on month increase of 30%, breaking the record of monthly delivery; since the start of scale delivery at the end of June this year, 11371 units have been delivered, setting the fastest record of single vehicle delivery of new force brands. In addition, Xiaopeng G3 delivered 1492 units in a single month, up 59% month on month, reaching a new high in 2020.

Photo source: Xiaopeng automobile

One delivery of 46.25% in December showed an ideal increase of 46.25% on December. From January to November, ideal one has delivered 26498 vehicles in total.

Photo source: ideal car

The previously disclosed third quarter report of 2020 showed that the total revenue of Weilai in the third quarter of 2020 was 4.526 billion yuan, with a year-on-year increase of 146.4% and a month on month growth of 21.7%; the net loss was 1.047 billion yuan, with a year-on-year decrease of 58.5% and a month on month decrease of 11%.

The total revenue of Xiaopeng automobile in the third quarter was 1.990 billion yuan, with a year-on-year increase of 342.5% and a month on month increase of 236.9%.

Stock price volatility

Since the beginning of this year, with the help of policy and market and the gradual improvement of their own business performance, the share prices of the three new forces of car making companies have also risen.

In addition, the market value of Xiaopeng is about 297.2 billion yuan (about 297.2 billion yuan) of automobile market value.

In terms of stock price increase, wind data shows that, as of December 1, local time, Weilai has increased by 10.28 times this year; Xiaopeng auto has increased by 249.07% since its listing on August 27; ideal automobile has increased 203.13% since its listing on July 30.

Image source: wind

However, it is worth noting that, with the beautiful delivery data, China new energy automobile stocks have reversed the trend. As of the end of December 1, Weilai fell 10.23%, Xiaopeng automobile closed down 10.89%, and ideal automobile fell 3.14%. The market value of the three companies evaporated more than 80 billion yuan overnight.

Haitong Securities said that in the second half of 2020, new energy vehicles will gradually recover after the epidemic, and enterprises in the global industrial chain will accelerate integration. As the sales volume of new energy vehicles doubled in October, the concept of new energy vehicles was also sought after by the capital. The industry recognized the development trend of new energy vehicles in the future, and gave better valuation to the less listed new force automobile manufacturing enterprises. However, the recent stock price adjustment in the secondary market of the industry, combined with the short report of citron company, has undoubtedly cooled the industry. The development direction of new energy vehicles may be clear, but the development process is twists and turns, the industry pattern will have great changes, and the short and medium-term opportunities and risks are highlighted. In addition, the new energy vehicle sector was hot in the early stage, and most of the listed companies in the relevant industrial chain have accumulated a considerable increase after the previous rapid speculation. The short-term valuation is relatively high, and many funds have the demand for profit taking, and the short-term value regression trend is obvious.

However, Tianfeng Securities believes that the strong beta cycle of the auto sector is expected to continue to 2021, and the growth peak may appear in the first quarter of next year. The superimposed annual report and first quarter report are expected to continue to exceed the expected impact, and are optimistic about the cross year opportunities of the auto sector. In the environment of Pro cycle and pro trend, it is still necessary to grasp the opportunity of main line vehicle and stagflation parts. Guoxin Securities pointed out that it is expected that in 2021, the new automobile manufacturing forces will face the competition of Tesla, Volkswagen MEB and their own brands, and enter a large-scale large-scale period. The whole consumption structure of electric vehicles will shift from Operation Oriented to demand-oriented. It is suggested to pay attention to two opportunities: one is that the new force with high market value will enhance the domestic vehicle valuation center; the other is that the new vehicle manufacturing force with continuous increase in volume will drive the business performance of supporting auto parts plants up. Editor: Ya Wenhui source: China Securities Journal Author: Cui Xiaosu song Weidong responsible editor: Zhong Qiming_ NF5619

However, Tianfeng Securities believes that the strong beta cycle of the auto sector is expected to continue to 2021, and the growth peak may appear in the first quarter of next year. The superimposed annual report and first quarter report are expected to continue to exceed the expected impact, and are optimistic about the cross year opportunities of the auto sector. In the environment of Pro cycle and pro trend, it is still necessary to grasp the opportunity of main line vehicle and stagflation parts.

Guoxin Securities pointed out that it is expected that in 2021, the new automobile manufacturing forces will face the competition of Tesla, Volkswagen MEB and their own brands, and enter a large-scale large-scale period. The whole consumption structure of electric vehicles will shift from Operation Oriented to demand-oriented. It is suggested to pay attention to two opportunities: one is that the new force with high market value will enhance the domestic vehicle valuation center; the other is that the new vehicle manufacturing force with continuous increase in volume will drive the business performance of supporting auto parts plants up.

Editor: Ya Wenhui