[Financial Morning Post] new energy vehicle companies, a record! This private equity shocked the financial circle; Tesla emergency recall

Important News Alert

Jin Zhuanglong, Minister of Industry and Information Technology: Promote the healthy and orderly development of emerging industries such as low-altitude economyNational Energy Administration: Actively promote key technology research and engineering demonstration of renewable energy, energy storage, hydrogen energy, smart grid, etc., and new energy vehicle companies will disclose sales data in May

Financial news

1. On June 1, Jin Zhuanglong, Minister of the Ministry of Industry and Information Technology, published an article in Qiushi magazine entitled "Accelerating the Development of New Quality Productivity and Deepening New Industrialization", proposing that emerging industries should be cultivated and expanded, and the healthy and orderly development of emerging industries such as 5G, intelligent networked vehicles, new energy, new materials, biomanufacturing, commercial aerospace, and low-altitude economy should be promoted. Forward-looking layout of future industries, open up new tracks such as artificial intelligence, humanoid robots, brain-computer interfaces, metaverse, next-generation Internet, 6G, quantum information, and deep-sea aerospace development, and build new advantages for future development. For details, see the report "Weekend, Blockbuster Good!" 》

2. The Party Group of the National Energy Administration of the Communist Party of China published an article "Accelerating the Construction of a New Energy System and Improving the Security and Security Capacity of Energy Resources" in the magazine "Qiushi" on June 1, mentioning that it will vigorously promote the energy technology revolution and accelerate the formation of new quality productivity. We will further implement the innovation-driven development strategy, highlight problem-oriented and demand-oriented, strengthen independent innovation in energy science and technology, and improve the independent and controllable level of the energy industry chain and supply chain. Implement major scientific and technological projects in the energy field and key projects of the national key research and development plan, and actively promote key technology research and engineering demonstration such as renewable energy, energy storage, hydrogen energy, and smart grid. Carry out the declaration and evaluation of the first (set) of major technical equipment in the energy field in the fourth batch, and promote the promotion and application of key technologies. Strengthen the innovation of new low-carbon coal-fired power technology and actively explore low-carbon power generation technologies。 Strengthen the tracking and evaluation of new energy storage pilot demonstration projects, and promote the diversified development of new energy storage.

3. According to Xinhua News Agency, from June 1, Shanghai employees who use housing provident fund loans in Jiangsu Province, Zhejiang Province or Anhui Province to buy houses can withdraw the balance of their Shanghai housing provident fund accounts to repay provident fund loans if they meet the relevant conditions.

The circumstances that meet the requirements for withdrawing the balance of the Shanghai Provident Fund account for repayment are: the purchased house is located in the place where the person, spouse, parents and children are registered, or is located in the place where the person or his spouse has paid the housing provident fund, or the person and his spouse do not have their own house in Shanghai. While satisfying the above conditions, the main lender and his or her spouse must also have no housing provident fund loan in Shanghai and no entrustment to withdraw the housing provident fund to repay the housing loan, so that they can withdraw the balance of the Shanghai housing provident fund account to repay the housing provident fund loan.

4. According to Xinhua News Agency, at about 16 o'clock on June 1, flight MU7192, operated by China Eastern Airlines' C919 domestic large aircraft, flew from the Hong Kong Special Administrative Region to Shanghai and landed smoothly at Hongqiao Airport. This is the first time that the C919 has flown a cross-border commercial charter flight. The flight departed from Shanghai Hongqiao Airport in the morning and arrived at Hong Kong at about 11 o'clock. Subsequently, the launching ceremony was held at the Hong Kong Airport.

5. China Railway's WeChat official account announced on June 1 that from June 15, the Wuhan-Guangzhou section of the Beijing-Guangzhou high-speed railway, the Hangzhou-Ningbo section of the Hangzhou-Shenzhen railway, the Shanghai-Hangzhou section of the Shanghai-Kunming high-speed railway, and the Hangzhou-Changzhou section of the Shanghai-Kunming high-speed railway, the four high-speed trains with a speed of 300 kilometers per hour and above have been optimized and adjusted from the original fixed and single fare mechanism to a market-oriented fare mechanism with flexible discounts, rises and falls.

The four high-speed rail fares are optimized and adjusted, how do the fares reflect the "rise and fall"? Zhu Wenzhong, deputy director of the passenger transport department of China Railway Group, said that after the implementation of the market-oriented fare mechanism, the specific implementation of the ticket price of each train is reasonably determined by taking into account various factors such as the arrival time of the train, the number of stops, the short travel time and the distribution of passenger flow. That is, the implementation of non-discounted fares for some train tickets with fast travel speed and long-term short supply, and the implementation of discounted fares for some train tickets with more stops and convenient for passengers along the line. Taking the Wuhan-Guangzhou high-speed railway as an example, the trains with higher seating rates are all implemented without discounted fares, and the trains with lower seating rates are implemented with discounted fares.

6. Xinhua News Agency reported on June 1 that the third domestically produced jet ARJ21 aircraft delivered by China Aircraft Leasing Group to Indonesia's Lingya Airlines arrived in Jakarta, the capital of Indonesia, on the evening of May 31. This is the first RMB cross-border settlement transaction for a domestically produced aircraft.

Company News

1. On June 1, major new energy vehicle companies disclosed their sales data for May. For details, see the report "Record Break! The new car-making forces delivered in May》

In May, Li Auto delivered 35,020 new vehicles, an increase of nearly 10,000 units from the previous month and a year-on-year increase of 23.8%.

In May, NIO delivered 20,544 new vehicles, up 233.8% year-on-year and 31.5% month-on-month, a record high.

ZEEKR delivered 18,616 vehicles in May, a year-on-year increase of 115% and a month-on-month increase of 16%. Leapmotor delivered 18,165 vehicles in May, an increase from the previous month.

In May, Xpeng Motors delivered 10,146 new vehicles, the first time that it exceeded 10,000 vehicles in a single month this year.

Lei Jun revealed: "Xiaomi SU7 delivered 7,058 units in April and 8,630 units in May; And ensure that 10,000 vehicles will be delivered in a single month in June, 100,000 vehicles will be delivered throughout the year, and the goal of 120,000 vehicles will be sprinted. ”

2. National Energy Group: The WeChat official account of "Voice of National Energy" announced on June 1 that on May 31, National Energy Group and EDF signed a letter of intent for cooperation. Yu Bing, Director and General Manager of China Energy Group, and Raymond, Chairman and CEO of EDF, held talks and witnessed the signing of the agreement. Xu Xinfu, Deputy General Manager of China Energy Group, and Fu Kaide, Vice President and President of EDF China, signed the contract on behalf of both parties.

3. Montage Technology: Montage Technology said on the interactive platform that benefiting from the demand for related products driven by AI industry trends, as of April 22, 2024, the total amount of orders in hand for PCIe Retimer, MRCD/MDB and CKD chips expected to be delivered in the second quarter of 2024 has exceeded 90 million yuan, and the above three AI high-performance "capacity" chips have shown a good growth trend.

4. Xinyuan Fund: On June 1, an announcement was issued on the change of senior management, saying that Zhang Lijie would no longer serve as the company's general manager and financial director due to personal reasons, and the company's chairman Long Yi would take over the above positions. For details, see the report "General Manager of Xinyuan Fund Steps Down!" 》

5. Tesla: On June 1, Tesla announced a recall of about 125,000 vehicles in the United States involving four different models due to potential safety concerns. For details, see the report "Tesla recalls about 125,000 vehicles in the United States"

6. SF Group: On June 1, it was announced that recently, SF Fengyi UAV low-altitude logistics network construction continued to make new breakthroughs, with an average daily volume of 20,000 orders in the Greater Bay Area, and cross-city logistics increased the frequency again, with an average of 3 hours of delivery. These are all thanks to the escort of the country's first UAV operation certificate.

7. Black Rock Capital: Black Rock Capital, which was cancelled by the AMAC on April 26, suddenly posted two messages on its official WeChat a few days ago, saying that it would like to thank the "chivalrous" investors who have been "reporting and complaining" about the company since 2019. For details, see the report "Financial Circle Fryer! Well-known private equity calls "grudges"

Selected Research Reports

Tianfeng Securities said that it continues to be optimistic about the direction of high dividends, and there may be performance opportunities for new productivity-related stocks in June. First, we are optimistic that the follow-up high-dividend style will continue to be interpreted, and a new round of diffusion is expected within the dividend sector, and large-cap stocks may outperform small-cap stocks. Second, from the perspective of the "calendar effect", the growth from May to June, small-cap stocks are slightly superior, and the direction of new quality productivity may have performance opportunities.

Soochow Securities believes that the technological progress of domestic battery factories is more significant, and the products have strong cost advantages, and accelerate the layout of overseas markets. The overall demand for lithium battery is expected to grow at a compound growth rate of 20% to 25% in the future, the battery industry pattern is stable, the cost curve is relatively steep, and the domestic price has fallen to the bottom.

Reporter: Jiao Yuanyuan Editor: Wang Yin Proofreader: Zhang Diange

Producer: Zhang Nan Issued by: Fei Yangsheng