The market value evaporated by more than 660 billion! April auto stocks up and down list: too hard!

Introduction: After the Shanghai Securities Fell below 3,000 points and the auto stock market value evaporated by 660 billion yuan in April, will you still regain confidence in May?

On the first trading day after the A-share festival in May, the Shanghai and Shenzhen markets experienced a long-short game and maintained a slight rise without any danger.

Looking back at the just-concluded April, just like people who are usually in good health, it is inevitable that they will be sneezed by several consecutive spring colds; even people who have never speculated in stocks will realize the painful memories left by the capital market for auto stocks.

From the data point of view, the average stock price of 71 listed companies in the automobile industry and 81 automobile stocks registered in the automotive K-line statistics in April fell by 11.15%, and the cumulative evaporation of the market value reached 667.884 billion yuan.

In contrast, this seems to be much better than March, which lost trillions of market value in only two weeks, especially in the last week of April, that is, the 17th week of 2022, the average stock price decline of auto stocks has narrowed significantly, and the market value has even recovered slightly, as if a new inflection point for auto stocks is at hand.

However, the situation may be far less optimistic. The epidemic in Jilin is under control, but Shanghai, the Chinese economic center, has been attacked by Omicron, and Shanghai and its surroundings are precisely the location of China's main automobile manufacturing base and core parts supply chain, coupled with the detection of cases in Beijing and Guangzhou, the situation is not less severe than in the first quarter of 2020. Whether from the demand side, or the supply side, as well as the consumption level of the people, the pressure is unprecedented.

So, even in capital markets, policymakers and companies try desperately to build confidence, but it's like a network phrase: I'm too hard...

1) The rally is "weak"

Back to the april auto stock up and down list, of the 81 stocks, only 10 achieved a rise.

Two of the top three are from the dealer sector, the first Guanghui Baoxin, the stock price rose only 9.62% monthly, the increase did not reach double digits, and this is still a stock that closed at only HK$0.57 / share on April 30, and the pull effect on auto stocks is very limited.

Zhengtong Automobile ranked third, and like Guanghui Baoxin, although the stock price rose by 7.84%, the closing price at the end of the month was only 0.55 Hong Kong dollars per share, and the market value increase was only more than 100 million Hong Kong dollars. For auto stocks that fluctuate at every trillion yuan, it is tantamount to a drop in the bucket.

In contrast, the second-ranked GAC Group A shares can explain some problems more, after achieving an 8.99% rise, the closing price at the end of the month reached 12.24 yuan / share, temporarily away from the risk of stock price breakage and market value falling below 100 billion. At the same time, GAC Group's H shares also ranked 6th with a 3.52% gain.

BYD's "double stocks" occupy the fourth and fifth places on the list, respectively, and they are also the two "bottom lines" in the camp where the stock price rose by more than 5% in April, with A shares and H shares rising by 5.74% and 5.08% respectively.

After them, whether it is From the new energy and intelligence of this hot plate of Weifu Hi-Tech, or the Tesla concept of the heat of Fuyao Glass H shares, the monthly increase in stock prices is only 2.17% and 1.24%.

The gains in auto stocks were average and lackluster; the declines were even more dismal and unbearable.

2) Falling trend "crazy people"

Of the 66 auto stocks that fell, as many as 43 saw double-digit declines, of which about 16 fell more than 20 percent.

Yihuatong, once the first stock of hydrogen fuel, ranked at the bottom of the April list with a decline of 30.85%, not only the stock price is facing the risk of falling below 100 yuan, but the market value has shrunk from 11.007 billion yuan at the beginning of the month to 7.612 billion yuan.

China National Machinery Automobile, which briefly led the weekly list in March, and the subsequent "one-foot brake" does not seem to show signs of relaxation, with its stock price falling 27.07% in April, and its market value falling below the 10 billion yuan mark, ranking second from the bottom of the overall list.

Ranking third from the bottom, is the sales volume and the first quarter of 2022 revenue, net profit fell in an all-round way, Jianghuai Automobile, for the capital market, Jianghuai Automobile in the past month has indeed failed to bring any good news.

Not only did sales fall across the board in the single month of March and the first quarter, but in the latest 2022 first quarter report, the revenue decreased and the net profit was still a loss of 290 million yuan when it was included in the government subsidy of 213 million yuan. The stock price fell below double digits with a year-on-year decline of 26.41%, from 10.79 yuan / share at the beginning of the month to 7.94 yuan / share at the end of the month.

Looking back at April, under the unfavorable factors such as the epidemic and supply cuts, although there is no auto show held by each other every other year, those highly anticipated new cars are released as usual through online forms, and the annual reports of listed companies in the automotive industry and the first quarterly report of 2022 are also released in this month.

In the automotive industry, people's attention has shifted from the previous auto show halls to factories that have reported financial data and stopped production.

At the same time, it can be clearly found from the recent performance briefings that more and more listed companies in the automobile industry have also begun to realize the importance of market value management and expectation management.

At this point, it is not difficult to find from the quarterly report of Changan Automobile that it seems to be beyond reproach to turn the investment in the joint venture company Avita into its own profits and make the financial data look good. Some netizens also praised the company's financial accounting for really playing.

The new energy and intelligent sectors, which were once hot in 2021, became the most serious part of the stock price and market value decline among the five major auto stock sectors in April. The auto K line once proposed in the monthly list at the end of March that "once the heat passes, the auto stock naturally falls", it now seems that not only further deepening this judgment, but also likely to become a new rhythm throughout the year.

On the day that the Shanghai Composite Index fell below 3,000 points, someone posted a picture of the sign in front of the Shanghai Stock Exchange on social networks, and the text "The reason for the Shanghai Composite Falling Below 3,000 points was found", which of course is just a most helpless self-deprecation among investors, and putting up the fallen brand again will not bring any practical effect to the capital market. The brief upturn in the last week of April is hard to say how long it will last.

With the continuous deepening of this round of adjustment, the blind expansion of capital has gradually cooled down, at least some of the "demon stocks" that have been praised in the sky have returned to their original shape, and it is a good thing that the market value and stock prices of related companies have gradually returned to rationality. After all, new inflection points cannot wait, but must be created with new values.

From a macro perspective, China's manufacturing activity fell to its lowest level in more than two years in April, and lockdown measures in Beijing and other places are being strengthened, and the continued impact of the epidemic on the economy has made stock market investors dare not take it lightly.

It is interesting to note that compared with the hot consumption climax of the automobile market during the May Day holiday last year, the situation this year seems to be somewhat less optimistic. The China Association of Automobile Manufacturers said that the biggest pressure on the current Chinese auto market is the consumer side, and the lack of willingness to consume will inevitably lead to a decline in sales. According to an agency report, a survey of 2,000 people showed that 41% of participants said that they would postpone buying a car due to the impact of the epidemic, and 16% said they would cancel their car purchase plan.

Of course, for listed companies in the automobile industry, the good news is that guangdong, Shenyang and other regions have successively carried out actions to stimulate consumption, and how to drive the automobile market still needs to wait and see.