Hong Kong stock morning post ｜ BYD’s Tengshi car price increase Changan and Geely two major car companies ＂shelved＂
[yesterday’s review]
On February 28th, Hong Kong stocks opened higher and went lower. The Hang Seng Science and Technology Index fell by 1.62%, the Hang Seng Index fell by 0.79%, and 20,000 points were recovered.
Large-scale technology stocks weakened across the board in the afternoon, with Alibaba and Aauto Quicker falling more than 3%, and Netease and JD.COM both falling more than 2%; In-house property management stocks were sluggish, Xuhui Holdings plunged 16%, while auto stocks, Internet medical stocks, coal stocks, mobile games stocks and catering stocks all fell.
On the other hand, the top-level planning of digital China was released, and telecom stocks led the gains against the trend.
[capital flow]
South China’s capital flowed out of HK$ 966 million yesterday. Tencent Holdings ranked first in net purchases and Geely Automobile ranked first in net sales.
Short-selling data are as follows:
[breaking news]
BYD’s Tengshi car price increase: Tengshi D9EV rose by 6,000 yuan.
On February 28th, ()’ s Tengshi Automobile announced that it would raise the price of its Tengshi D9 by 6,000 yuan from 0: 00 on March 1st, 2023.
Customers who place orders before 0: 00 on March 1, 2023 and sign contracts within the specified time will not be affected by this price adjustment.
The rim is now "copying the door"! Changan Automobile issued a lawyer’s letter and Geely responded quickly.
Just five days after the launch of the Galaxy series of Geely Automobile, it was caught in the "plagiarism door".
On February 28th, a lawyer’s letter sent to Geely Automobile by a law firm entrusted by Changan Automobile continued to ferment on the Internet. According to the lawyer’s letter, the prototype of Geely Yinhe "Galaxy Light" released by Geely Automobile has a lot of similarities with Changan Automobile’s concept car and production model, which is suspected of infringing the intellectual property rights of Changan Automobile. Changan Automobile confirmed the authenticity of this lawyer’s letter.
Geely Automobile responded quickly, denouncing the lawyer’s letter as "seriously inaccurate, groundless and misleading the public".
The net profit of famous and excellent products soared by 80% last year, exceeding expectations, optimizing epidemic prevention policies and promoting consumption.
On the evening of February 28th, the famous products disclosed the results of the fourth quarter of 2022.
The company’s revenue during the period was 2.494 billion yuan, down 10% year-on-year and 10% quarter-on-quarter, slightly lower than the market expectation of 364.7 million US dollars;
The adjusted net profit was 373 million yuan, up 82.1% year-on-year and down 10.6% quarter-on-quarter. The adjusted basic earnings per share was $0.17, which was better than the market expectation of $0.13.
The company said that after the optimization and adjustment of epidemic prevention-related policies in December 2022, consumers’ daily lives returned to normal and offline sales ushered in a rebound. In January 2023, the sales of famous products increased by about 40% year-on-year, and the average sales of each famous store increased by about 33%.
[financial data]
1. Hutchison Whampoa: In 2022, the total revenue increased by 20% to USD 426.4 million, as the revenue from tumor/immunization business reached a record high.
2. Shenzhen Holdings: It is estimated that the comprehensive profit attributable to equity shareholders in 2022 will be no less than HK$ 1.4 billion.
3. Bay Area Development: The total toll revenue of Guangzhou-Shenzhen Expressway in January was 168.5 million yuan, down 16% year-on-year.
4. Biotechnology services in China: It is estimated that the annual net profit will exceed HK$ 200 million.
5. Sanyun Group: In January, it achieved contract sales of 154 million yuan.
6. Ecotourism in China: The annual net loss narrowed to HK$ 155 million.
7. Hutchison Telecom Hong Kong: The annual EBITDA dropped by 4% to HK$ 1.42 billion with a final interest rate of HK$ 5.21 cents.
8. China Shenghai Group: In 2022, its revenue will triple to about 348 million yuan.
9. Hengtai: The interim turnover was about HK$ 244.5 million, representing a year-on-year decrease of about 11.2%.
10. China Motor: In the medium term, it turned from profit to loss of HK$ 131 million, with an interim interest rate of HK$ 0.1.
11. Jinyi Group Holdings: The interim income of HK$ 74.788 million decreased by about 20.8% year-on-year.
12. Hejia Holdings: The annual loss narrowed to HK$ 24.617 million.
13. Weijun Biotechnology: Interim income increased by 40.71% to HK$ 405 million.
14. Victory Enterprise: The net profit in 2022 was 71.425 million Singapore dollars, up 36% year-on-year.
15. CIIC Global: Total revenue in the medium term increased by 7.8% to US$ 22.2 million.
16. Worldwide entertainment culture: The medium-term loss expanded to about HK$ 28 million.
17. Strength Jianye: The interim loss narrowed to HK$ 25.51 million.
18. Birmingham Sports: The interim income is about HK$ 109 million, which is about 2.2% lower than that of the previous year.
19. China Tianhua Chemical Industry: The medium-term net profit reached HK$ 274 million, a year-on-year increase of 4,252.49%.
20.H&H International Holdings: Achieve low double-digit income growth in 2022.
21. Jintaifeng International Holdings: The annual revenue fell by 24.9% to 1.535 billion yuan, and the revenue in the second half of the year increased by 183.5% from the previous month.
22. Songjing Technology: The medium-term net loss expanded to US$ 2.276 million.
23.OKURAHOLDINGS: Interim income increased by about 13.6% to about 3.106 billion yen.
24. Meilan Airport: It is estimated that the loss in fiscal year 2022 will not exceed 280 million yuan.
25. Wison Project: It is estimated that the annual loss will be 1.15 billion to 1.25 billion yuan.
26. China Gas: It is estimated that the after-tax net loss in 2022 will be substantially reduced by about 98.2%.
27. Ruixin International Group: It is estimated that the loss in 2022 will be around HK$ 56 million.
28. Manti Technology Co., Ltd.: It is estimated that a loss of not less than 135 million yuan will be recorded in 2022.
29. Helen Company: The expected annual net loss is 1.313 billion yuan to 1.67 billion yuan.
30. Xintong Medical -B: The expected annual net loss is 440 million yuan to 470 million yuan.
31. Minimally invasive medical care: It is estimated that the loss recorded in 2022 will not exceed 585 million US dollars.
32. Lianhua Supermarket: It is estimated that the net loss in 2022 will decrease by about 40%-60% year-on-year.
33. China New Town: It is expected that the net profit of 7 million yuan in 2022 will decrease year-on-year.
34. Dongyin International Holdings: The expected annual loss does not exceed about HK$ 20 million.
35. New Entertainment Holdings: It is expected that the loss in fiscal year 2022 will be about 94.3 million yuan.
36. China Clothing Holdings: It is expected that the annual net loss will increase by at least 60% year-on-year.
37. Victory Securities: It is estimated that the annual profit will turn into a loss of about HK$ 24.24 million.
38. Jinli Group: It is expected that the net loss in fiscal year 2022 will be HK$ 21 million to HK$ 25 million.
39. Jingxin Communication: It is expected that the annual profit will exceed HK$ 180 million.
40. Shenguan Holdings: It is estimated that the annual net profit will decrease by 83.7% to 91.8%.
41.KFM Kinder: The expected interim net profit is about HK$ 33 million.
42. China Tianrui Cement: It is expected that the annual profit will be reduced by about 60%.
[investment operation]
1. China Medical Group: signed the cooperation agreement of Shenge Bushen Capsule, a national first-class Chinese medicine.
2. Yaoming Junuo -B: Start the clinical study of JWATM214 for the treatment of advanced hepatocellular carcinoma.
3. Zhonghui Group: Huashang College and Zhongxin Construction signed an agreement on the construction of Sihui Campus.
4. Concept of life: signed a letter of intent for strategic cooperation with Jinyu Huicui Technology.
5. Jingxin Communication: It is planned to increase the capital of Jingxin Network by 220 million yuan.
6. MTR Corporation: signed a project agreement for the extension of Tung Chung Line.
7. Mountain High-tech Energy: It was included in the constituent stocks of the Hang Seng Composite Index.
8. Development of the Bay Area: The subsidiary entered into a technology development contract with the consortium.
[Repurchase cancellation]
1 (): On February 28th, 8 million A shares were repurchased at a cost of 53.4221 million yuan.
2. China biopharmaceuticals: On February 28th, 1.65 million shares were repurchased at a cost of HK$ 6.6825 million.
3. Yum! China: On February 27th, it bought back 17,000 shares at a cost of US$ 1 million.
[others]
1. Zhengtong Automobile: It is planned to sell Shenzhen property through public listing and transfer. The tentative initial price is 800 million yuan.
2. Gome Retail: The company is actively negotiating with lenders on refinancing or extending the repayment period.
3. Viabio: Fully redeem the guaranteed convertible bonds with a maturity of US$ 180 million and 2.50% in 2025.