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Original title: for the first time in history! Five Chinese Conceptual Stocks Dominate Top Ten US Stocks, and Nearly 200 Billion NIO Revenue Exceeds Apple, Amazon and Microsoft Together
US stocks FridaymarketA historic event has happened!
US Same Day EquitiesDealIn the top ten list, from Chinathe companyThey actually occupy 5 seats, they areWei Laimachine,Alibaba、Ideal machine、Pinduoduo、Xiaopeng Motors。
It can be seen that among the five Chinese companies, new energy vehicles occupy three positions, and the other two are representatives of the e-commerce industry.
Accompanied by new energy vehiclesBrandRapid increase, correlatedenterpriseofMarket valueAnd the tide rises, whereTeslaWith a market value of nearly US $ 390 billion, it is far ahead. China’s new auto forces have also become the biggest beneficiaries. In addition to the three main brands mentioned above,BYDThe market value exceeded 460 billion yuanRMB，BYD、Wei LaiIts market value has surpassed many traditional auto brands like General Motors and BMW, and new energy vehicle brands like Xiaopeng and Ideal are catching up. Market value is closely behind Honda and Hyundai …
Under the bright light, one targeted FridayWei LaiChina’s Short-Selling Report Collectively Slashed New Carmakers’ Stock Prices How Long Can the New Energy Vehicle Carnival Last?
5 Chinese companies ranked in the top ten US stocks by revenue
According to data, in the US stock market as of November 13, the top ten by revenue were:Weilai,Amazon、Apple、Alibaba、Tesla、Ideal machine, ENLARGE,Nvidia、Pinduoduo，Xiaopeng Motors。
between themWeilai leads the market with revenues of $ 27.404 billion (about RMB 180.9 billion), even higherAmazon、Apple、MicrosoftThe sum of the turnover.Even in the A-share market, there was no one-day turnover of a single share exceeding 100 billion yuan, which demonstrates Weilai Auto’s popularity in the US stock market.
Furthermore,AlibabaIn 4th place with a turnover of USD 8.054 billion,Ideal machine6th place with 6,027 billion,Pinduoduo9th place with 4.398 billion US dollars,Xiaopeng Motors10th place with 4.155 billion US dollars.
From publishedPerformanceLooking at the situation, several Chinese companies have performed well. Ideal Auto’s auto sales revenue in the third quarter was 2.465 billion yuan, up 28.4% from the previous quarter. In the third quarter, total revenue was 2.511 billion yuan, an increase of 28.9% from 1.947 billion yuan in the second quarter.interest rate19.8%, an increase of 6.1 percentage points from 13.7% in the second quarter. In addition, the company’s operating cash flow in the third quarter was 930 million yuan, a strong increase of 105.8% from 452 million yuan in the second quarter, and achieved positive operating cash flow for two consecutive quarters.
Xiaopeng Motors achieved a total turnover of 1.99 billion yuan in the third quarter of this year.YoYIncrease of 342.5%; achieved auto sales revenue of 1.898 billion yuan, an increase of 376% over the previous year.interest rateIt is 4.6%, this is the first time Xiaopeng Automobile has achieved quarterly grossinterest rateGet positive.
NIO, which is also a new energy vehicle, has already announced a very eye-catching second quarter report. The good news has continued recently, which has also promoted the rapid increase in the company’s market value. It has now surpassed international brands such as BMW. The company will also announce its third quarterly report on November 17.
Alibaba achieved sales of 155.059 billion yuan in the third quarter, an increase of 30% year-on-year. If you don’t consider the impact of the increase in equity incentive costs, it is not detectedaccountingGuidelinesNet profitA 44% year-on-year increase to 47.88 billion yuan.
In terms of Pinduoduo, the third quarter revenue was 14.21 billion yuan, an increase of 89% over the same period last year. Average monthly active users of the App reached 643.4 million, an increase of 74.6 million in a single quarter. As of the third quarter, Pinduoduo’s GMV reached US $ 1.46 trillion, a 73% increase from the previous cycle’s $ 840.2 billion. This is also for Ali,JingdongWait a lot of pressure.
Look at the trend in the share price of these companies since their listing:Weilai rose 575%; Alibaba increased by 180%; Ideal Auto increased by 171%; Pinduoduo increased by 696%; Xiaopeng Motor increased by 180%.
The market value of the new energy carmakers has risen rapidly, but the “raid” short selling ratio
Since the beginning of this year, new forces in automobile manufacturing have continued to exert their strength,TeslaOvercome Toyota to become the worldAutomotive industryThe company with the highest market value has become a historic event.
Since 2020, Tesla’s share price has risen by 388%; Weilai’s share price rose more than 10 times. In contrast, the share prices of traditional auto companies like Toyota are almost unchanged.
secondEastern wealthNet statistics,Among the top 30 famous car manufacturers in the world by market value, there are 10 Chinese companies and 2 companies entered the top 10.Starting in the afternoon of November 13, Beijing time,BYDThe market value is approximately $ 72.4 billion, exceeding Daimler’s 65.9 billion, Weilai’s market value is $ 65.2 billion, surpassing GM and BMW;Great Wall MotorMarket value of US $ 35.9 billion surpassed Ford; Xiaopeng Motor’s market value has exceeded US $ 30 billion, and Ideal and Geely’s market value has also exceeded US $ 20 billion.
Image source:Eastern wealthNetwork
However, on November 13, short-selling agency Citron released a “Singing the Void” report, Weilai report, bringing down the stock prices of various new automakers from high levels. The report said Weilai Automobile’s target price should be $ 25, which is only half of the $ 53 share price at the moment.
After that, Weilai Automobile dipped all the way down and fell more than 7% to US $ 44.56 at the close. It is worth mentioning that,Two years ago, when Citron suggested “buy,” Weilai Automobile’s share price was only $ 7, then it climbed to over $ 50, rising more than 10x in the year alone.
Xiaopeng Motors’ stock price fell 6.13% to US $ 41.99 that day; Ideal Motors’ share price fell 1.83% to $ 31.20.
How long can the high valuation of the new energy vehicle market last?
With the decline of the new car manufacturing forces, the valuation risk of new energy car manufacturers has also become the focus of the market.
Since the beginning of this year, due to the official implementation of the National Sixth Standard in many places, the overlap of new energy vehiclesSupportThis political support has spurred the growth in sales of the domestic new energy vehicle market.
According to China AutoindustryAccording to data released by the association, car sales in China in October were 2.573 million, an increase of 12.5% on an annual basis. Sales of new energy vehicles in October were 160,000, an increase of 104.5% year on year; sales of new energy vehicles from January to October were 901,000, a decline of 7.1% year on year. The China Automobile Association said that as consumer confidence continues to grow, it overlaps with Double Eleven, auto shows and new energy for campaigns.Market demandThe country’s recovery will maintain a constant and positive trend.
From the A-share market, secondAccording to Shenwan’s tier one industry data, the automotive sector grew 44.17% during the year, ranking fourth, far outpacing the market trend.At the level of individual stocks, BYD,Great Wall MotorNew energy carmakers represented by the highest rose, BYD increased 270% during the year,Great Wall MotorA 202% increase, due to the sharp increase in the previous period, regardless ofP / E ratioPE, orP / B ratioTo compare various assessment indicators such as PB,Automotive industryValuation is at a historically high level.
The drop in share prices of the three major US-listed new energy vehicles, and then contact Citron’s brief report on Weilai, can also be considered the marketAutomotive industrythe opinion of.
There are three main aspects of Citron’s Weilai “short”:One is that NIO is facing two major difficulties, which makes it unsustainable at high equity prices, especially from Tesla’s competition; second, Citron believes that NIO is overrated. At the moment, Weilai’s valuation is 17 to 18 times the sales in the next 12 months, while Tesla is at 9. The gap between the two sides has reached a record high, the third is that it is full of speculators.
Two years ago, when Citron sang many Weilai cars, the title had “active liquidity” (i.e. it was not driven byinvestmentThe percentage of shares being sold short can exceed 100%. It is precisely on the basis of this potential short-compression kinetic energy that Citron believes that “Nio would face very little resistance on the way to a share price of $ 12.” However, at the moment, the short selling ratio of the outstanding shares of Weilai dropped to a two-year low. “People who buy Weilai stock are not betting on the company itself or its potential, but they buy transactions that jump across 3 screens.CodeThat’s all “, that is, it has speculative properties.
Citron believes that “betting on electrification of the Chinese auto market has a better way. Now is the time to make a profit and look for the next disruptive technology.”
So how long can the high valuations of new car manufacturers continue? The market still needs answers.
(The content of the article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.)
(Source: Daily Economic News)
(Responsible publisher: DF524)
Solemnly declares: The purpose of this information released by Oriental Fortune.com is to disseminate more information and has nothing to do with this booth.
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