Hong Kong stocks have fluctuated | Some Autos stocks rose in the afternoon as Shenzhen promotes car trade-in programs. Institutions state that Consumer demand for Autos is expected to continue recovering.
Some auto stocks rose in the afternoon. As of the time of writing, BYD Company (01211) increased by 5.43% to 380.4 Hong Kong dollars; Geely Auto (00175) rose by 3.15% to 17.68 Hong Kong dollars; BRILLIANCE CHI (01114) went up by 2.51% to 2.86 Hong Kong dollars; Guangzhou Automobile Group (02238) increased by 1.26% to 3.21 Hong Kong dollars.
Cui Dongshu: In February, the Autos market showed a trend of strong passenger vehicles and weak commercial vehicles, with total sales of 2.113 million units, a year-on-year increase of 33%.
At the beginning of February, the car market showed signs of fatigue after being overdrafted. After the policies were released and implemented, Consumers gradually lifted their wait-and-see attitude, and the market's activity quickly increased.
Huaxin Securities: In February, new energy vehicle companies collectively experienced significant growth, with new models driving sales increases.
Huaxin Securities remains Bullish on the Autos Industry and maintains a "Recommended" rating.
[Brokerage Focus] BOCOM INTL indicates that the car market will see a good start in February, and forecasts that the China Passenger Vehicle market will continue to recover.
Jinwu Financial News | BOCOM INTL stated that February's auto market experienced a good start. In February 2025, the national Passenger Vehicle market retail reached 1.386 million units (year-on-year/month-on-month +26.0%/-22.8%). From January to February 2025, the cumulative retail of Passenger Vehicles grew by 1.2% year-on-year. Independent brands performed better than the Industry overall, with February independent brand retail at 0.91 million units, year-on-year/month-on-month +51%/-17%. The national retail market share of independent brands increased by 10.6/4.6 percentage points to 65.6%. The retail of Electric Vehicles maintained growth year-on-year in February, with retail sales recording 0.686 million units.
Brokerage morning meeting highlights: Siasun Robot&Automation drives rapid growth in the PCB Industry.
At today's brokerage morning meeting, Everbright stated that robots are driving rapid growth in the PCB industry; China Securities Co.,Ltd. pointed out a bullish outlook for the valuation reconstruction of the complete vehicle and intelligent driving industry chain in 2025; HTSC believes that AIDC may drive demand for power supply and heating beyond expectations.
China Securities Co.,Ltd.: Leading car manufacturers are intensively launching important new vehicles, and the combination of new cars and smart technology is catalyzing the market for complete vehicles.
China Securities Co.,Ltd. issued a Research Report stating that top automotive companies are intensively launching significant new vehicles. The combination of new vehicles and intelligent technology is catalyzing the overall vehicle market, and the outlook is Bullish for the valuation reshaping of the vehicle and intelligent driving Industry Chain in 2025.
