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WULING MOTORS released its annual performance, with a profit attributable to Shareholders of 50.621 million yuan, an increase of 115.6% year-on-year.
WULING MOTORS (00305) announced its annual performance for the year ending December 31, 2024, achieving revenue of 7.949 billion yuan (the same unit below), a decrease of 24.2% year-on-year; profit attributable to shareholders was 50.621 million yuan, an increase of 115.6% year-on-year; earnings per share were 1.53 cents, with a final dividend of 0.5 Hong Kong cents per share. The announcement stated that the decrease in revenue is mainly attributed to the adverse economic environment during the year, which led to a reduction in customer Orders, resulting in decreased business volume in the automotive power system segment, and the Group's repositioning strategy for modified vehicles from the second half of 2023 led to a decrease in commercial vehicles.
Brokerage morning meeting highlights: The points of general Consumer are gradually increasing, focusing on high cost-performance directions.
In today's Brokerage morning meeting, HTSC suggested that the highlights of the Consumer sector are gradually increasing, recommending the selection of high cost-performance directions; China International Capital Corporation believes that with the MLF restarting net injection after 8 months, it may imply a decrease in the probability of short-term reserve requirement cuts; China Securities Co.,Ltd. indicated that the Hardware and Software of the AI Industry Chain resonate simultaneously and recommends paying attention to the ongoing changes in the AI industry.
Auto stocks weakened further in the afternoon, with Xpeng Motors (09868) falling 8%. The market is concerned that BYD and Xiaomi's large-scale placement of shares may trigger a wave of share placements among car companies.
Jingwu Finance | Auto stocks weakened further in the afternoon, with XPeng Motors (09868) down 8% at HKD 79.35; Great Wall Motor (02333) down 7.62% at HKD 14.54; Xiaomi Group (01810) down 5.79% at HKD 53.7; Li Auto (02015) down 4.56% at HKD 100.4; Geely Auto (00175) down 5.55% at HKD 16.68; LEAPMOTOR (09863) down 4.74% at HKD 48.25. Following BYD's (01211) capital raise of HKD 43.5 billion, small
Hong Kong stocks have been moving unusually | Autos stocks fell generally in the morning as Trump stated that auto tariffs will be introduced soon, and the trend of divergence in the auto market has recently intensified.
In the morning session, automobile stocks fell broadly. As of the time of writing, Great Wall Motor (02333) dropped 5.72%, priced at 14.84 HKD; Xpeng Motors-W (09868) fell 4.75%, priced at 82.15 HKD; Li Auto-W (02015) decreased by 3.42%, priced at 101.6 HKD; Guangzhou Automobile Group (02238) declined by 1.87%, priced at 3.15 HKD.
The Shanghai Auto Show will be held in April, the Bullish automotive consumption policies continue, and these Concept stocks frequently receive research.
The 21st Shanghai International Autos Industry Exhibition (2025 Shanghai Auto Show) will be held from April 23 to May 2.
Western Securities: The growth of the million-level incremental market for new energy off-road SUVs is promising. Recommended Great Wall Motor (601633.SH) and others.
Western Securities recommends Great Wall Motor (601633.SH, 02333), BYD (002594.SZ, 01211), and suggests paying attention to Chery Automobile (810711.BJ).
