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Express News | JD.com up 14%, Xpeng up 10.8%, Tencent Music Entertainment Group up 16.7%
Express News | Shares of Chinese Stocks Are Trading Higher Following a Report Suggesting China Will Issue up to $284 Billion of Sovereign Debt as Part of a Stimulus
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Express News | Kraneshares CSI China Internet ETF up 6.2%, Ishares MSCI China ETF up 4.8%, ishares China Large-Cap ETF up 4.7%
Express News | Alibaba Group up 5.3%, Gaotu Techedu Jump 12%, iQIYI up 8.2%, Bilibili up 8.2%
Express News | Li Auto up 6.2%, NIO up 4.9%, PDD Holdings up 7.3%, Baidu up 4.7%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket
[Brokerage Focus] Haitong International maintains a rating of Li Auto Inc (02015) higher than the market, as the company is the first to achieve profitability and positive cash flow in the 'new forces' sector.
King's Wealth News | Haitong Int'l research points out that Li Auto Inc. (02015) had a 24H1 revenue of 57.31 billion yuan, +21% year-on-year, with a 24Q2 revenue of 31.7 billion yuan, +11% year-on-year, and +24% quarter-on-quarter. 24H1 net income was 1.69 billion yuan, -48% year-on-year, with 24Q2 net income at 1.1 billion yuan, -52% year-on-year, and +86% quarter-on-quarter. The company delivered 0.109 million new cars in 24Q2, +25% year-on-year, and +35% quarter-on-quarter. The per vehicle income for 24Q2 was approximately 0.279 million yuan, -0.044 million yuan year-on-year, and -0.022 million yuan quarter-on-quarter. Li Auto Inc. is among the new forces in the automotive industry.
Trending Industry Today: XPENG-W Leads Gains In Automobile Stocks
Trending Industry Today: XPENG-W Leads Gains In Electric Vehicles Stocks
Express News | U.S.-Listed Chinese Stocks Surge in Overnight Trading Following Politburo's Commitment to Fiscal Support
Hong Kong stocks soared | Auto stocks rose, the effect of the old-for-new policy continued to show, with a 47% year-on-year growth in electric vehicle retail sales in the first three weeks of September.
Auto stocks rose across the board. As of press time, Brilliance Chi (01114) surged by 6.83% to HKD 2.66; xpeng-W (09868) rose by 5.13% to HKD 41; Great Wall Motor (02333) increased by 4.8% to HKD 13.1.
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U.S. stock market anomaly | Electric vehicle stocks trend lower, Rivian Automotive (RIVN.US) falls more than 5%.
Electric vehicle stocks fell, as of the deadline, Rivian Automotive fell more than 5%.
Express News | Ishares China Large Cap ETF Down 2.9%, Kraneshares CSI China Internet ETF Down 3.0%
Express News | Li Auto Down 3.2%, JD.com Down 3.6%, NIO Down 3.3%, Xpeng Down 5.2%