Jiangxi Special Electric Motor: Futures hedging offsets the impact of falling lithium prices, reducing losses compared to last year | Interpretations

① Jiangxi Special Electric Motor announced a performance预亏 notice, expecting a net income loss of 0.236 billion - -0.285 billion yuan in 2024; ② In 2023, there was a loss of 0.397 billion yuan, reflecting a reduction in losses compared to the previous year. Jiangxi Special Electric Motor stated that the Futures hedging business for lithium carbonate has reduced the adverse impact of the continuous decline in lithium carbonate prices.

cls.cnJan 13 10:56 ET

[Market Analysis] Established speculators are selling Zhejiang XCC Group for nearly 0.2 billion, while Algo fund activity has dropped to a freezing point.

① The Robot Concept stock Zhejiang XCC Group was sold by the GTJA Shanghai branch trading department in the amount of 0.19 billion. ② The activity of Algo funds has significantly decreased, with multiple Algo fund seats not recording any trades exceeding 20 million in individual stocks.

cls.cnJan 13 04:50 ET

Behind the "fast-driving" Electric Vehicles: New forces constantly reaching new heights, Xiaomi successfully takes its place.

In the December retail sales TOP10 list, 9 car companies experienced year-on-year growth, with only GAC Aion showing a decline; Apart from BYD, three other new car-making forces successfully "delivered on their promises" and achieved their sales targets for 2024.

cls.cnJan 13 03:18 ET

The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.

Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.

wallstreetcnJan 12 20:55 ET

The 'Baoding Car God' is going to produce luxury cars worth a million.

Create top-tier products.

wallstreetcnJan 10 06:40 ET

After the "Salon" project was abandoned, Great Wall Motor is launching a new brand, with Wei Jianjun personally leading it and the CMO recruitment already started.

① The market news indicates that Great Wall Motor has established a new "Great Wall Brand Ultra Luxury Car BG," with Wei Jianjun serving as the Chairman of the new brand. ② The concept behind the new brand is "high quality, small batch," and the R&D process has been personally supervised by Wei Jianjun. ③ From the organizational appointment and naming of "Great Wall Brand Ultra Luxury Car BG," it is evident that the new brand's positioning is higher than that of Great Wall Group's current brands.

cls.cnJan 10 05:47 ET