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Is the "Spring Fluctuation" market starting? Hong Kong stocks of New energy Fund have a short-term surge, and domestic brands' sales exploded in February.
① Hong Kong stocks of New energy Fund have seen a short-term rise; what bullish factors are catalyzing the market? ② Domestic brands saw explosive sales in February; what are the highlights?
Another joint venture RBOB Gasoline vehicle has sparked a wave of Asia Vets.
"Oil and electricity are equally wise."
In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
Dongfeng Motor Group Logs Higher Sales, Lower Production in January; Shares Slide 5%
The "Shanghai Measures for Supporting the Development of Electric Vehicle Charging and Battery Swap Facilities" have been released.
① The Shanghai Development and Reform Commission and several other departments have issued the "Support Measures for the Development of Electric Vehicle Charging and Battery Swapping Facilities in Shanghai," which will be implemented starting April 1, 2025, with a validity period of five years; ② The measures propose a subsidy of 30% of the equipment investment for charging companies for charging devices in demonstration communities, with a power subsidy limit of 600 yuan/kilowatt for Direct Current and 300 yuan/kilowatt for Alternating Current.
Gelonghui Announcement Highlights (Hong Kong Stocks) | UNITEDENERGY GP (00467.HK) Profit Alert: Expected net profit for the fiscal year 2024 is between 1.4 billion and 1.65 billion HKD.
[Today's Focus] UNITEDENERGY GP (00467.HK) Profit Alert: Expected Net income for the fiscal year 2024 is between 1.4 billion to 1.65 billion Hong Kong dollars. UNITEDENERGY GP (00467.HK) announced that the group expects to record an unaudited consolidated Net income attributable to Shareholders of approximately 1.4 billion Hong Kong dollars to 1.65 billion Hong Kong dollars for the year ending December 31, 2024, a turnaround from a reported audited consolidated Net loss attributable to Shareholders of approximately 1.707 billion Hong Kong dollars for the year 2023, primarily due to one-time impairment of reserves and one-time write-offs of exploration dry wells totaling approximately 4.387 billion Hong Kong dollars that occurred in 2023.
