A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
Announcement Highlights | Air China Limited has completed the issuance of over 0.85 billion A-shares to AVIC Group; CHINA RES LAND's sales in November increased by nearly 7% year-on-year.
In the first 11 months, SINO-OCEAN GP's cumulative contracted sales amounted to approximately 30.6 billion yuan, with 3.73 billion yuan in contract sales for November; CHINA RES LAND's total contract sales amount for November was approximately 25.8 billion yuan, representing a year-on-year increase of 6.9%.
Who might be the supplier for the Xiaomi YU7?
Xiaomi Autos is once again making waves in the automotive circle! The first SUV model, YU7, has been officially announced, and is expected to be launched in mid-2025. Xiaomi is ambitious and has raised its annual sales target to 120,000 units after completing a delivery volume of 100,000 units ahead of schedule. In a Research Report released on the 12th, UBS Group predicts that with the addition of the new model YU7 and the enhancement of production capacity, total sales of Xiaomi Autos in 2025 are expected to double to 260,000 units. The supply chain for the YU7 is gradually coming to light. UBS Group believes that companies such as Topband, FUYAO GLASS, Minth, Huayang, NEXTEER, and Keboda Technology are likely to become partners of Xiaomi, providing components for the YU7.
Featured announcements | Kanzhun revenue increased 19% year-on-year in the third quarter; China Taibao's original premium income during the year exceeded 410 billion yuan
Xinyi Glass and Xinyi Auto Glass (Hong Kong) signed a 2024 glass supply agreement; CGN Energy completed a cumulative total of 17,684.1 gigawatt-hours of power generation in the first 11 months, an increase of 1.7% over the previous year.
Hong Kong Stock Report, December 12: KPMG expects Hong Kong listed companies to raise more than 100 billion dollars next year, and Kaisa discloses the progress of overseas debt restructuring
① The Legislative Council of the Hong Kong Special Administrative Region passed the “Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024” ② KPMG expects to raise capital of HK$100 billion for listed companies in Hong Kong ③ KPMG discloses progress in overseas debt restructuring ④ Bitcoin market strengthens again and rises back to 0.1 million US dollars
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
Announcement Highlights | Suoteng Juchuang plans to issue shares at a discount of 7.96% to raise a net amount of 0.271 billion Hong Kong dollars; SenseTime intends to issue shares at a discount of nearly 6.3% to raise 2.787 billion Hong Kong dollars.
From January to November, China Life Insurance's accumulated original insurance premium income was approximately 644.3 billion yuan, a year-on-year increase of 4.8%; YUZHOU GROUP's accumulated contract sales from January to November were 7.247 billion yuan, with sales of 0.781 billion yuan in November.
Lei Jun wants to dethrone the Model Y.
There is still a need to overcome the capacity challenges.
Alibaba Games is about to launch an attack.
Inject enthusiasm.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, longfor group achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; cspc pharma's application for marketing approval for SYHX2011 to treat advanced breast cancer was accepted.
The Model Y has a strong competitor: Xiaomi's first SUV is revealed, officially announcing that the YU7 will be launched in the summer of next year.
The Ministry of Industry and Information Technology's public information shows that the YU7 is 4999mm long, 1996mm wide, and 1600mm high. Because it looks similar to the ferrari Purosangue, netizens jokingly call it "Falami." Xiaomi expects the new car to officially launch in June or July next year, but has not disclosed the pricing.
Alibaba Options Volume More Than Triples After China Vows to Bolster Growth
Jack Ma makes a rare public appearance and speaks out.
Guide the ants in the right direction.
Is the winter cultural tourism gradually improving? The "ice and snow +" consumer spending and industrial business are thriving.
① The "Ice and Snow +" cultural tourism activities in the northeast are abundant, with Harbin Ice and Snow World expanding to 1 million square meters. It is expected that this year's ice and snow tourism will surpass last year's popularity. ③ The cultural tourism industry in the southern winter is also bustling, with Shennongjia Ski Resort, sichuan ice and snow tourism projects, and others attracting tourists, while guangdong's "Conghua Hot Springs" ranks first in popularity increase.
The momentum for trade-ins is strong! In November, china's sales of new energy fund vehicles increased by 50% year-on-year, setting a new record, while exports fell by 6.3%.
In November, the Passenger Vehicle market achieved historic highs in retail, wholesale, production, and exports, with explosive growth in Electric Vehicles. The Passenger Car Association noted that the majority of scrappage replacements and some trade-in customers chose to purchase Electric Vehicles. Subsidy policies, particularly those promoting entry-level pure electric vehicles and the narrow plug-in hybrid market, strongly boosted growth and further solidified the expansion foundation for Electric Vehicles penetration.
In November, the electric vehicle market experienced explosive growth, with nearly 80% of A/H share listed car companies seeing their sales increase year-on-year, and many setting new records.
① In November, retail sales of new energy passenger vehicles reached 1.268 million units, a year-on-year increase of 50.5% and a month-on-month growth of 5.9%, with the domestic retail penetration rate of electric vehicles reaching 52.3%; ② In November, the explosive growth of new energy vehicles reflects the market's positive feedback on the national scrapping and updating program and the "double new policy" of replacing old with new; ③ Twelve auto manufacturers achieved a year-on-year increase in sales in the new energy market in November.
Hong Kong Stock Market Morning Report on December 9: Jianyin International expects the central volatility of Hong Kong stocks to rise next year, and the Hong Kong Monetary Authority will strengthen financial cooperation with the Saudi Central Bank.
① cnbm plans to repurchase over 0.8 billion H shares at a premium, involving an investment of 3.4 billion Hong Kong dollars. ② Anti-government forces in Syria have invaded the capital Damascus, declaring the fall of the Syrian government. ③ Jianyin International expects the Hang Seng Index to fluctuate in the range of 18,000 to 23,000 points next year. ④ The Hong Kong Monetary Authority is having in-depth discussions with the Saudi Central Bank on strengthening financial cooperation between the two regions.
Jack Ma appeared, coming for the future of Ant Group for the next 20 years.
"The future will ultimately be decided by doing things that are truly valuable and different."
The gaming industry will welcome two major conferences! Representatives from dozens of gaming companies will share the stage to discuss topics such as 2D, AI, overseas expansion, and casual games.
As the year-end approaches, the Beijing Shougang International Exhibition Center will host two major annual events in the gaming industry: the 2024 China eSports Industry Annual Conference will be held on December 10-11; the 2024 China Game Industry Annual Conference will take place on December 12-13. Representatives from listed gaming companies including Tencent, netease, 37 interactive entertainment network technology group, special treat Huatuo, and kingnet network will attend and will share insights on topics such as eSports, game AI, and overseas expansion.