Introduction: In the last week of 2021, the main auto stocks registered in the auto K-line statistics finally stopped falling and rebounded; but it is difficult to make up for the continuous "big bleeding" in the previous weeks. 2022 New Year bell ringing, will auto stocks usher in a new atmosphere?
【Key Points】
· The stock prices of the passenger car, new energy and parts sectors rose by an average of 1.97% and 1.77%, and the market value increased by about 58 billion yuan and 100 billion yuan respectively;
· The stock price of the dealer group segment rose by an average of 0.92%, and the market value increased slightly by about 1.5 billion yuan;
· The share price of the commercial vehicle sector rose by only 0.11% on average, and the market value shrank by 800 million yuan.
In the last week of 2021, the 73 stocks registered in the auto K-line statistics finally stopped falling and recovered, the stock price rose by an average of 1.39%, and the market value increased by 162.9 billion yuan, ending several consecutive weeks of decline. However, in the face of the market value that has evaporated nearly a trillion yuan since entering December, this is just a drop in the bucket.
In the broader market, the Shanghai Composite Index, the Shenzhen Component Index and the Hang Seng Index closed up collectively, up 0.6%, 1% and 0.75% respectively, with limited gains.
From the overall list, Evergrande Automobile led the way with a 26.16% increase, and it is also the only stock with a rise of more than 20%; Tianqi Lithium, Yahua Group and Sanhua Zhikong from the new energy and parts sector entered the top five with an increase of more than 10%; while *ST Zotye rose by 15%, ranking third in the overall list.
In terms of declines, BAIC Motor fell the most, at 8.22%; Corun fell nearly 6%, the first decline; in addition, Xiaokang Shares, Jingforging Technology, China National Heavy Duty Truck H-shares, Guoxuan Hi-Tech and Joyson Electronics all fell by more than 5% in one week.
Overall, auto stocks performed slightly better than the previous week. Below, the automotive candlestick divides the stocks on the record into two articles and four sectors, and analyzes them one by one.
Previous· Passenger cars: Evergrande Automobile continues to sit in Zhuangzhuang, and Zotye Automobile takes off in place
In the fifth week of December, the share prices of 18 listed companies (23 stocks) in the (passenger car) vehicle sector rose by an average of 1.97%, and the total market value increased by 58.1 billion yuan. Among them, 10 stocks rose, 11 stocks fell, and Haima Automobile's stock price was flat for one week.
Specifically, Evergrande Automobile "did not lose momentum", with a rise of 26.16% to continue to lead the sector and the overall list. As of the close of trading on 31 December 2021, the stock was quoted at HK$3.52 per share, and the market value recovered to HK$38.17 billion. On the 28th and 31st, Evergrande Automobile surged by 17% and 10% respectively. However, compared with the high of more than HK$70 in February, the gap is still very large.
On the news side, the internal news released by Evergrande Group may have had a boosting impact on the stock price. On the evening of December 26, Evergrande Group disclosed that its resumption of work and production and the delivery of buildings have begun to show results; Boss Xu also stressed that "no one in Evergrande will be allowed to lie flat.". In addition, there are reports that Hengchi 5 rolled off the production line at the Tianjin factory on December 30, 12 days earlier than the original time. However, then there were reports that the rumors were not offline, but a celebration ceremony for the production line to break through...
Since the announcement of the car, Evergrande Automobile's wind and grass have always affected the stock market and market nerves. In the management's vows, mass production is close at hand, but there is still a question, how high is the market acceptance of Hengchi after it comes out?
Last week, *ST Zotye ranked second with a rise of 15.25%, closing at 6.35 yuan / share as of the 31st. A week earlier, the stock was at the bottom. The stock fell to a limit on the 27th, but then pulled 4 up and down boards in 4 trading days.
In response to the shenzhen stock exchange's inquiry letter, Zotye Automobile made it clear that there is no related relationship or other interest arrangement between the financial investor and Zotye Automobile, the controlling shareholder, the actual controller, the director and supervisor and the major creditors. It seems that this is not only a concern of shareholders, but also a concern of the regulatory authorities. Zotye Automobile has also become a special existence in the torrent of the times.
Up to now, the reorganization plan of 7 subsidiaries of Zotye Automobile has been implemented, and the reorganization plan of Jiangnan Manufacturing has also been approved by the Changsha Intermediate Court and entered the implementation stage of the reorganization plan. On the 28th, the Jinhua Intermediate People's Court ruled to confirm the completion of the implementation of the reorganization plan of Zotye Automobile and terminate the reorganization procedure of Zotye Automobile.
This will help resolve the debt risk of Zotye Automobile and improve the structure of assets and liabilities. Zotye Automobile said that it will apply to the Shenzhen Stock Exchange to revoke the delisting risk warning implemented by the company's shares due to restructuring. However, the risks faced by Zotye Automobile are still very large, with losses, negative net assets, and uncertainties in the ability to continue to operate... Either one is an insurmountable mountain.
The current actual controller of Zotye Automobile has been changed from no to Huang Jihong, who can control the voting rights corresponding to 24.22% of the shares of Zotye Automobile, and Huang Jihong is the legal representative of Jiangsu Shenzhen Commercial Holding Group and the controller of China's largest automobile group, the Huge Group.
At this point, Zotye Automobile changed its name and surname. In addition, it is worth mentioning that the board of directors of Zotye Automobile has agreed to appoint Yu Lili as the company's financial director, and his resume background in Huawei has become a topic of discussion among netizens. In the capital market, what is invisible is more capable of taking off with market capitalization than what is visible.
After talking about Zotye, let's take a look at the new car-making forces that are also successful in the capital market. Last week, Xiaopeng Automobile, Ideal Automobile and Weilai, the three new car-making forces, performed very neatly, occupying the third to seventh places in the list in turn, and the total market value increased by nearly 70 billion yuan.
On the first day of the new year, three companies successively disclosed their annual sales. Among them, Xiaopeng Automobile delivered 160 million vehicles in December, with a total delivery volume of 98,155 vehicles in the whole year; Ideal Automobile delivered 14,087 vehicles in December, with a total delivery of 90,491 vehicles for the whole year; Weilai delivered 10,489 vehicles in December, with a total delivery of 91,429 vehicles for the whole year.
Whether it is the monthly sales in December or the cumulative sales of the whole year, Xiaopeng Motors is even better, it seems that the P7 is indispensable; and at present, there is only one model of the ideal car, and Weilai, which has only launched 3 new models in 2022, needs to work harder. In terms of declines, Beijing Motor was at the bottom last week with an 8.22% decline. In 2022, the joint venture share ratio will be liberalized, and whether Daimler will increase its holdings in Beijing Automobile has become a major attraction.
Xiaokang shares fell by 5.76%, and as of the 31st, the close was 59.55 yuan / share, and the stock fell sharply by 9% on the 27th. On December 28, 56.3689 million restricted shares of Xiaokang shares were lifted, and the market value of the ban was nearly 3.2 billion yuan.
Although its second model, the Q&I M5, has been released in a high profile, the capital market has not bought it, and the stock price has fallen off a cliff since December 23. Another Huawei concept stock, Beiqi Blue Valley, also fell by 3.75% in one week.
Overall, the passenger car sector was not strong last week, especially the performance of traditional car companies was flat.
Previous: Dealer: Harmony Automobile led the rise, and its stock price hit the highest in 52 weeks
In the fifth week of December, the share price of the auto dealer group segment rose by an average of 0.92%, and the market value increased slightly by 1.476 billion yuan. Among them, 6 stocks are "fluttering red".
Specifically, Harmony Automobile led the gains with an increase of 7.64%, closing at HK$4.93/share as of December 31, and refreshing the intraday high of HK$5.06/share in 52 weeks. On the 29th, Citi gave the stock a "buy" rating for the first time, with a target price of HK$8.8.
Autohome U.S. stocks rose 4.43%, mainly due to the 30th pull-up of 13%, even if the 29th refreshed the 52-week minimum of $26.1 / share; and in early 2021, the stock price remained at about $100. However, Autohome H shares fell 2.93%.
Recently, the news of large-scale layoffs at the end of the year of Autohome has been overwhelming. In this regard, Autohome responded, "This layoff belongs to the normal organizational structure adjustment and optimization, the personnel optimization range does not exceed 5%, and there is no situation of a large number of layoffs on the Internet." ”
However, there must be demons when things go wrong, and if it is just a normal procedure, why does it attract so much attention? According to insiders, the layoffs were very sudden, and the compensation received by the laid-off employees was almost N+1+1.8, and they could also get almost two months of year-end bonuses...
In the face of the "sudden rise" of Easy Car and The Emperor of The Car, are you still proud of the Autohome? Last week, Yongda Automobile rose 1.56%, Guanghui Automobile rose 1.14%, and the huge group and Zhongsheng Holdings rose within 1%.
On the news side, on December 30, UBS lowered the target price of Yongda Automobile from HK$19.5 to HK$18.5, maintaining a "buy" rating to reflect the impact of chip shortages. The stock closed at HK$10.44 per share on the 31st.
On December 31, the China Automobile Dealers Association released the latest inventory index. The inventory warning index of automobile dealers in December was 56.1%, down 4.6 percentage points year-on-year and up 0.7 percentage points month-on-month, and the inventory warning index was above the boom-bust line.
The association expects that December will be difficult to have a tail effect like in previous years, and expects to sell about 2.1 million full-caliber passenger cars in the month, up about 18% from November. This also means that car sales in 2021 will be about 25.8 million units, which is basically the same as in 2020, of which passenger car sales will be about 21 million, compared with 20 million in 2020, an increase of less than 5%.
According to the association's data, 36.5% of dealers believe that the auto market in 2022 is negative growth; 27.6% of dealers believe that new car sales will increase by 5%-10% in 2022, another 17.2% believe that the growth rate will be between 0% and 5%, and 18.7% believe that the increase will be greater than 10%.
Next· New energy and parts: the overall recovery, the market value of the plate rose by more than 100 billion
In the fifth week of December, the 25 individual stocks involved in the 23 new energy and parts listed companies were mainly up. Among them, 16 stocks increased their stock prices and 9 stocks declined, with an average stock price growth of 1.77% in one week.
Specifically, Tianqi Lithium, which led the sector in the previous week, led the sector with a weekly increase of 17.27% last week, while ranking second in the overall list, as of the close of December 31, the stock was quoted at 107 yuan / share, and the weekly market value increased by 23.279 billion yuan to 158.05 billion yuan.
On December 31, Tianqi Lithium issued an announcement that Song Yu, vice president of the company, applied to resign as vice president of the company for personal reasons, and would no longer hold any position in the company, subsidiaries and shareholding companies after resignation. As of December 31, 2021, Song Yu did not hold shares in the Company. Yahua Group and Sanhua Zhikong ranked second and third in the sector with weekly gains of 11.91% and 11.45% respectively, and ranked fourth and fifth in the overall list, as of the close of December 31, the former was quoted at 28.66 yuan / share, a weekly market value increase of 3.515 billion to 33.032 billion yuan; the latter was reported at 25.3 yuan / share, a weekly market value increase of 9.337 billion to 90.858 billion yuan.
On December 28, Yahua Group disclosed the restricted stock incentive plan (draft), which intends to grant 14 incentive recipients 12.0421 million shares of restricted stock, accounting for 1.04% of the company's total share capital on the date of the announcement of the draft incentive plan, and the grant price is 14.39 yuan per share. The number of shares of the Company granted by any one of the Incentive Recipients through the Equity Incentive Plan during the full validity period shall not exceed 1% of the total share capital of the Company.
Sanhua Zhikong did not have major incidents.
In terms of declines, Corun led the sector with a weekly decline of 5.94%, while ranking second in the overall list of declines, as of the close of December 31, at 7.13 yuan / share, a weekly market value of 744 million to 11.788 billion yuan. On December 31, Corun issued an announcement that Hunan Corun High-Tech Group Co., Ltd., the controlling shareholder of Corun, released the pledge of 60 million shares.
Fine Forging Technology and Guoxuan Hi-Tech ranked second and third in the sector with weekly declines of 5.53% and 5.48% respectively, and ranked fourth and sixth in the overall list of declines; as of the close of december 31, the former was quoted at 12.81 yuan / share, and the weekly market value shrank to 6.171 billion yuan; the latter was quoted at 51.25 yuan / share, and the weekly market value shrank by 4.944 billion yuan to 85.316 billion yuan.
On December 30, Jingforging Technology issued an announcement that jiangsu Dayang Investment Co., Ltd. (hereinafter referred to as "Dayang Investment"), the company's controlling shareholder, pledged 20.19 million shares (accounting for 4.19% of the company's total share capital) held by the company's unlimited sale conditional circulation shares to Huatai Securities (Shanghai) Asset Management Co., Ltd. (hereinafter referred to as "Huatai Securities") due to investment needs.
In addition, Dayang Investment released the pledge of 19.2 million shares (representing 3.99% of the total share capital of the Company) pledged to Essence Securities Co., Ltd. ("Essence Securities"). Guoxuan Hi-Tech did not have major incidents. Overall, the performance of the new energy and parts sector picked up last week, with positive average stock prices and a cumulative market value increase of more than 100 billion yuan.
Next: Commercial vehicles: The overall stock is mainly rising, but the overall market value has shrunk
Last week, 13 stocks in the commercial vehicle sector were mainly up, 8 stocks rose in stocks, and only 5 stocks fell, with an average stock price growth of 0.11% in one week, but the cumulative market value of one week shrank by 828 million yuan.
Specifically, Ankai Bus led the sector with a weekly gain of 2.54%, and as of the close of trading on December 31, it closed at 4.03 yuan / share, and the cumulative market value increased to 2.955 billion yuan.
China National Heavy Duty Truck A-shares and Zhongtong Bus ranked second and third in the sector with weekly gains of 2.43% and 1.98% respectively; as of the close of trading on December 31, the former was quoted at 16.89 yuan / share, with a cumulative market value increase of 19.844 billion yuan; the latter was quoted at 5.67 yuan / share, and the market value increased to 3.362 billion yuan. Judging from the news, none of the above three stocks have a major incident.
In terms of declines, Sinotruk H-shares led the sector with a weekly decline of 5.51%, closing at HK$12 per share as of the close of trading on December 31, with a cumulative market value of HK$1.933 billion to HK$33.132 billion.
Wuling Motors and Foton Motor led the sector with weekly declines of 2.33% and 1.99% respectively, with the former closing at HK$1.68 per share and a cumulative market value of HK$5.541 billion as of the close of trading on December 31, while the latter closed at 3.44 yuan per share, with a cumulative market value of 22.619 billion yuan.
Judging from the news, no major events have occurred in the above three stocks.
Views of Autoskline：
After four consecutive weeks of decline, China's auto stocks finally picked up in the last week of 2021, and the new energy and parts sector alone increased its market value by more than 100 billion yuan in a week.
Although the overall performance of auto stocks in the capital market was poor in the last month of 2021, it was still more prominent from the overall performance of auto stocks last year. 2021 is over, no matter how the major auto stocks perform this year, it has become a thing of the past, 2022 has arrived, everything has to look forward.