On the first trading day of the Year of the Tiger, A-share BYD welcomed the opening!
This morning, fermented by the January sales data, A-share BYD rose more than 9%, once touching the limit. At the same time, Hong Kong stock BYD shares also rose nearly 4% in early trading. As of press time, A-share BYD rose 6.26% to 241 yuan per share, with a market value of 651.5 billion yuan.
Entering the Year of the Tiger, BYD continues the "bull momentum" of the Year of the Ox. According to the latest data, BYD's new energy vehicle sales in January increased by more than 3 times year-on-year.
As of the end of September last year, the company still had more than 360,000 shareholders.
BYD's new energy vehicle sales in January increased by more than three times year-on-year
Shares hit a limit in early trading
On the evening of February 7, BYD, the "first brother" of new energy vehicles, announced the January production and sales express, and the data showed that the production and sales express in January 2022 was 94,101 units, an increase of 97.62% year-on-year; sales were 95,422 units, an increase of 125.05% year-on-year. Among them, the production of new energy vehicles was 91,736 units, an increase of 309.66% year-on-year, and sales were 93,168 units, an increase of 361.73% year-on-year.
Specifically, BYD's EV and DM models sold 46,386 and 46,540 units respectively in January. In the car category, the flagship Model Han sold 12,780 units, achieving sales of more than 10,000 units for five consecutive months. Among them, EV models increased by 8.1% year-on-year. Up to now, Han's cumulative sales have exceeded 170,000 vehicles, which can be said to have firmly established itself in the medium and large market segments.
The Qin family also swept through the army, with sales of 26,542 vehicles in January, of which Qin PLUS DM-i and Qin PLUS EV sold 18,450 and 7086 vehicles respectively. With product advantages and prices, the Qin family continues to be popular in the market, whether it is a plug-in hybrid or pure electric model, it has also created a number of good results. According to the data, the Qin family has sold more than 530,000 vehicles.
Judging from the report cards successively released by the new forces in recent days, all companies have generally achieved a bumper harvest. In January 2022, Xiaopeng delivered 12,922 units, an increase of 115% year-on-year; Ideal delivered 12,268 units with one car, an increase of 128.1% year-on-year; NIO delivered 9,652 units, an increase of 33.6%; other brands also achieved year-on-year growth to varying degrees.
Under the influence of the refund policy, BYD and other car companies have raised prices
Institutions are optimistic about the 2022 new energy automobile industry
In April 2020, the Ministry of Finance and other four ministries and commissions jointly issued the "Notice on Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles", and in principle, the new energy subsidies will decline by 10%, 20% and 30% respectively from 2020 to 2022 on the basis of the previous year.
It is reported that according to the latest subsidy plan, from January 1, 2022, the pure electric vehicle model with a cruising range of 300 km (inclusive) to 400 km will be subsidized by 0.91 million yuan, a decrease of 3900 yuan from 2021; the subsidy for pure electric vehicle models with a cruising range greater than or equal to 400 km will be 12,600 yuan, a decrease of 5,400 yuan from 2021; in addition, the subsidy for plug-in hybrid models will be 0.48 million yuan, a decrease of 2,000 yuan compared with before.
On January 21 this year, BYD officially announced that the official guidance price of its dynasty network and ocean network related new energy models will be adjusted, ranging from 1,000 to 7,000 yuan, and the price adjustment will take effect on February 1. According to BYD, the price was mainly affected by the sharp rise in raw material prices and the decline in subsidies for new energy car purchases.
Yingda Securities believes that the new energy vehicle market has shifted from policy-driven to market-driven, and the impact of subsidy decline on the overall market growth of new energy vehicles is limited. It is expected that the annual sales of new energy vehicles will reach 5.5 million in 2022, and by 2025, the proportion of new energy vehicles will far exceed the 20% predicted in the plan to reach 30%, the annual sales of vehicles will be 30 million, and the annual sales of new energy vehicles will exceed 9 million.
Everbright Securities pointed out that it continues to be optimistic about the release prospects of new energy vehicle demand (especially high-end pure electric models, as well as plug-in hybrid models sales climbing trend), it is expected that car companies are expected to hedge policy fluctuations through retained orders, as well as time-limited price insulation, etc., and it is expected that production capacity, supply chain, and logistics are still the leading factors in sales climbing. It is estimated that in 2022, the domestic new energy passenger car will be 5 million -5.5 million, which is optimistic about the product cycle of strong models (chip supply mitigation has strong sales and profit elasticity), as well as the continuous increase in new energy penetration / intelligent electrification promotion path Clear and clear car companies.
Huaxin Securities pointed out that after experiencing the impact of the epidemic and the inflection point of the industry in 2020, new energy vehicles have ushered in a period of high prosperity for more than 5 years, and will still be in a period of rapid growth in the next two years. Looking ahead, the new energy automobile industry will continue to rise, but the growth rate will slow down moderately after 2023. It is worth noting that the rapid growth in energy storage and other fields will bring an effective premium to the slowed lithium battery industry chain, and the valuation can continue to remain at a high level.
Last year's stock price increased by nearly 40%
It was heavily funded by a number of celebrities
As the big brother in the field of new energy, BYD has been deeply involved in new energy technology for many years, and the most critical batteries, motors and electronic controls of electric vehicles have almost all chosen self-research. At present, BYD has built six major automobile industry bases in Xi'an, Beijing, Shenzhen, Shanghai, Changsha and Tianjin, and is also building a plant in Hefei, Anhui, Changzhou, Jiangsu, and Zhengzhou, Henan.
For the full year 2021, BYD's full-year passenger car sales were 730,093 units, up 75.4% year-on-year. Among them, new energy sales for the whole year were 593,745 units, an increase of 231.6% year-on-year, refreshing a new record for china's new energy passenger car sales.
After the 2021 annual examination, BYD also set a new annual goal for itself. By 2022, BYD aims to sell 1.2 million units, including 600,000 pure electric models and 500,000-600,000 plug-in hybrid models.
In 2022, BYD will also enter a new round of product offensive. According to a number of media reports, according to the plan, BYD will launch a number of new models including BYD Han DM-i, Yuan PLUS, destroyer and so on. In addition, with the increase in production capacity, sales may continue to rise this year.
In terms of stock prices, BYD has risen by nearly 40% in the whole of last year, and since the beginning of the year, the stock price has slightly adjusted.
As of last year's quarterly report, BYD A shares were held by 446 funds to varying degrees, and the largest number of shares held at present was last year's champion Qianhai Open Source Utilities, in addition, many star fund products have been heavily invested in BYD.
(China Fund News)