Review the A-share market in September In the past few months before the end of the passenger car sector, the stock prices of most individual stocks have fallen to a certain extent. According to data from Eastern Fortune.com, the A-share auto index once reached a high of 24869.53 on September 8, but has since started to decline. As of the close of the market on September 30, the index was 22609.17, a retracement of about 10%.
But in Huawei Under the concept blessing, BAIC Blue Valley achieved a growth rate of more than 20%, ranking first in the A-share passenger car sector. Among other passenger car stocks, except for SAIC and Lifan Technology, the rest have fallen by more than 9.9%.
On September 30, regarding the general decline of A-share auto stocks in September, an analyst told Times Finance and Economics, “From an overall perspective, this is due to the market Adjustments, on the other hand, is the shortage of chip supply caused by the Malaysian epidemic, and the production capacity of some car companies is limited, and sales are not as good as expected. The overall stock market performed poorly in the month, and only Tesla’s stock price rose. As of September 30, Beijing time, the total market value of six Hong Kong auto stocks fell by HK$178.086 billion in that month, and the share prices of the US-listed “Wei Xiaoli” all fell more than 10% each month.
“Some U.S. stocks in China’s new energy vehicle sector have fallen sharply recently. On the one hand, due to their large gains last year, the market has already reflected their future growth expectations; on the other hand, On the one hand, due to the impact of “core shortage” and the impact of some accidents, their stock prices are also prone to volatility; in addition, many China Concept New Energy Vehicle companies are still losing money, and the stocks of these companies are in a trend of overall correction in China Concept Stocks. China is vulnerable to weakness.” On September 30, Wang Yitang, an overseas strategy researcher at West China Securities Research Institute, told Times Finance.
Picture source: car company official website
The Great Wall fell 100 billion market value
BAIC Blue Valley won the blessing of Huawei Concept again , Only BAIC Blue Valley and Lifan Technology achieved share price increases. Specifically, the monthly declines of Great Wall Motor and Xiaokang’s shares exceeded 20%, and Great Wall Motor ranked first with a decline of 20.44%. As of the close of September 30, Great Wall Motor’s stock price was 52.6 yuan per share, with a total market value of 485.8 billion yuan, which wiped out more than 100 billion yuan in a single month.
Auto companies that lost more than 40 billion in market value in a single month include BYD. Wind data shows that BYD has a monthly decline of 9.9%, ending the continuous upward trend since May. Its total market value once surpassed PetroChina, but as of the close, its total market value has fallen to 713.8 billion yuan.
“The decline in the share prices of giants such as Great Wall and BYD is more due to the adjustment of the new energy sector.” The aforementioned industry analyst told Times Finance. Prior to this, Zhang Lichao, a senior researcher at Guosen Securities, also said like Times Finance that “in the short term, there is a certain bubble risk in the current new energy vehicle sector.”
Times Finance noted that in September, the share price of Ningde Times, a lithium battery leader that had been popular in the market, continued to fluctuate in the range of 485 yuan-541 yuan, as of September 30 At the close, its stock price was 525.73 yuan per share, with a total market value of 12244 billion yuan. The share prices of other lithium battery companies such as Ganfeng Lithium and Guoxuan Hi-Tech also showed a downward trend in September.
Picture source: car company official website
However, Zhang Lichao added, “In the future, new energy vehicles will improve in the long-term The trend remains the same, and it can be used as a track choice for long-term investment”.
It is worth noting that, in addition to the impact of the sector adjustment, the decline in the production data of auto companies caused by the tight chip supply is also important for the general decline in the stock prices of auto companies. reason. Great Wall Motor once stated in this year’s interim report that “the problem of chip supply still has a prominent impact on the production of enterprises, and the sharp rise in raw material prices has further increased the cost of enterprises.”
Taking Great Wall Motors as an example, the data shows that the total output of Great Wall Motors in August was 73,134, a decrease of 16.86% from the same period last year. The sales volume of the month was 74257, a year-on-year decrease of 16.98%. The August production and sales data of GAC Group and Jianghuai Automobile also fell by more than 25% year-on-year.
However, Cui Dongshu, secretary general of the Federation of Travelling Federations, recently stated, “I believe that the overall improvement in chip supply in September was not good, but it should improve significantly starting from October. More optimistic”.
Unlike other auto stocks that generally fell or rose slightly, BAIC Blue Valley was the only one in September, with a monthly increase of 20.57%. As of the close of September 30, its share price was 14.71 Yuan/share, with a total market value of 62.9 billion yuan.
On the news, Meng Wanzhou’s return to China detonated the concept of A-share Huawei. On September 26, BAIC Blue Valley (600733.SH) announced that its subsidiary BAIC New Energy and Huawei signed a comprehensive business deepening cooperation agreement to jointly create the “ARCFOX” and “HI” co-brands. The two parties have formulated and implemented detailed plans for the sharing of marketing channels, and plan to realize the online and offline channel sales cooperation of Polar Fox Alpha S (HI version) by the end of this year.
This deepening of cooperation may mark the relationship between BAIC Blue Valley and Huawei to a higher level, and its share price performance may have better performance in the future. It is worth mentioning that since April of this year, the share price of the well-to-do stock of Huawei’s Auto Concept has doubled, while the share price of BAIC Blue Valley reached a high in May and then fell all the way. The news spurred a slight rebound.
Tesla stands alone
Geely went to Lei Jun’s hometown to make Mobile phone
For Hong Kong and US stocks, September Auto All stocks fell, only Tesla’s share price rose. Among them, in Hong Kong stocks, the total market value of six auto stocks fell by a total of HK$178.086 billion.
Picture source: pixabay.com
Specifically, Evergrande Auto led the decline of Hong Kong autos Stocks fell nearly 50% monthly, and their total market value shrank 28.428 billion yuan. As of September 30, its total market value was only 29.502 billion Hong Kong dollars. At the end of March this year, the market value of Evergrande Auto (468.2 billion yuan) even surpassed the U.S.-listed Weilai (401.9 billion yuan), lagging behind BYD, the domestic “auto stock brother”, with a market value difference of 2.406 billion yuan.
Some people in the industry told Times Finance that the financial problems of Evergrande Group affected its auto sector to a certain extent. Subsequently, the collapse of Evergrande Auto’s plan to return to A also brought bad news. This further affected the recent share price performance of Evergrande Auto.
On the news, on September 26, Evergrande Automobile announced that after careful consideration, the company and Haitong Securities Co., Ltd. agreed to terminate the listing counseling agreement and will It will report to the Shenzhen Supervision Bureau of China Securities Regulatory Commission. Therefore, the proposed issuance of RMB shares will no longer proceed. And this is only a year away from its announcement in September last year that it seeks to go public on the Science and Technology Innovation Board.
Geely Auto’s share price fell sharply in September, reaching 20.46%, and its total market value shrank by HK$56.468 billion. However, Geely made frequent moves that month. At the capital market level, the high-end electric vehicle brand Polestar co-built with Volvo announced on the evening of September 27 that it intends to merge and go public with Gores Guggenheim, a US special purpose acquisition company (SPAC). Valued at approximately US$20 billion, the transaction is expected to be completed in the first half of next year.
At the same time, according to foreign media reports, Geely Automobile Holding Group will launch Volvo Cars IPO within a few weeks. The goal of this IPO is to be listed in Stockholm with a valuation of approximately US$20 billion. , It is expected to be completed by the end of September. The IPO was led by Goldman Sachs and SEB, including BNP Paribas, Carnegie Bank and HSBC participating in the transaction. However, the news has not yet been commented by Volvo and Geely Holding Group.
In addition, the diversified layout of “car madman” Li Shufu expanded to the mobile phone business. On September 28, Hubei Xingji Times Technology Co., Ltd., founded by Li Shufu, signed a strategic cooperation agreement with Wuhan Economic and Technological Development Zone, and officially announced its entry into the mobile phone field. In this regard, many netizens ridiculed, “Go to Lei Jun’s hometown to make auspicious mobile phones, grab the job without mercy, who won’t fire in the backyard”?
As for the U.S. stock market, as of September 30, Beijing time, only Tesla’s share price of the 5 U.S. auto stocks rose during the month. The rest include Xiaopeng Motors, Ideal Motors, and Wei Both Lai and Faraday Future showed varying degrees of decline.
It is worth mentioning that, affected by factors such as rising stock prices, Tesla CEO Musk returned to the world’s richest man on September 29, becoming the following Bezos and Arnault. Later, the third rich man worth 200 billion U.S. dollars. According to Forbes real-time rich list data, as of the evening of September 30, Musk was worth $2011 billion.
“For Tesla, a new energy vehicle in the United States, Tesla’s recent rise is mainly due to the large decline in the first half of this year, so it is prone to oversold rebounds in the near future. And judging from the most recent financial report, Tesla’s profitability is relatively strong; however, because Tesla’s gains were too large last year, it is unlikely that there will be a similar increase this year.” Wang Yitang told Times Finance and Economics.
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