Silicon Carbide
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Express News | The United States has decided to impose additional tariffs on Chinese products, with a 100% increase in tariffs for electric cars.
August electric vehicle sales: BYD sold nearly 0.38 million units, sokon industry group stock surged nine-fold year-on-year.
①After surpassing a 50% market penetration rate in July, the market penetration rate of new energy vehicles further increased in August, achieving a steady and robust development with a "step-by-step" approach. ②In August, BYD not only broke its own monthly sales record, but also achieved the highest year-on-year growth rate of the year. ③Chery Automobile and Chongqing Sokon Industry Group Stock achieved year-on-year retail sales growth of 251.5% and 912.3% in August respectively.
Byd company limited may raise its full-year sales target to 4 million vehicles, combining plug-in hybrid, asia vets, and price reductions.
Morgan Stanley's latest research report shows that the management of BYD Company stated that the full-year sales target has been raised to 4 million vehicles. If we calculate based on the 4 million vehicles target, it means that the monthly average sales for the remaining four months of this year need to reach 0.418 million vehicles.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
Institutions | Looking for the prosperity and highlights in the industry: clues from the Hong Kong stock market report
Based on the comprehensive disclosure of interim performance and market expectations, the sectors of internet e-commerce and csi leading consumption and services index have a relatively high degree of prosperity. Meanwhile, public utilities such as telecommunications and hydropower maintain stable profitability, making them worthwhile dividend symbols to continue to pay attention to.
In August, the penetration rate of new energy exceeded 50% again, with byd company limited and chongqing sokon industry group stock leading the way. China Association of Automobile Manufacturers: Adjusting the annual sales volume expectations upwards.
①The China Passenger Car Association released data showing that the narrow definition of passenger vehicle retail sales in August was 1.905 million units, a year-on-year decrease of 1.0%. ②Looking ahead for the whole year, the China Passenger Car Association will provide specific numbers for the expected increase in the electric vehicles market after comprehensive assessment.
CINNO Research: In the first half of the year, China's new energy industry investment reached 2.1 trillion yuan, a 57% year-on-year decrease.
According to the statistics from CINNO Research, the total investment in China's (including Taiwan) new energy projects from January to June 2024 reached 2.1 trillion RMB, a decrease of 57.1% compared to the same period last year.
Norway leads the global countries by a wide margin! In August, the market share of electric vehicles reached as high as 94%.
①The statistics released on Monday showed that electric car sales in Norway accounted for 94% of the local market share in August, setting a new world record; ②Meanwhile, electric car sales in other European countries remained stagnant.
Auto stocks show differentiation! Sales rankings for August are out, and the performance of new car-making forces varies.
From the news perspective, today's auto sector shows a clear differentiation trend, which may be related to the August sales data disclosed by them the previous day (August 1). Overall, some people are happy, some are worried.
Direct hit Chengdu Auto Show | The three major tracks of hybrid gasoline and diesel are flying together, and traditional automakers are not letting BYD have a "unique beauty"
①From the perspective of products, whether it is pure electric or plug-in hybrid, the acceleration of the introduction of new energy vehicles is a common feature of auto companies at the Chengdu Auto Show; ②Although various signs indicate that electric vehicles will become the main force in the domestic auto market sales, rbob gasoline cars have not yet exited the stage.
August electric vehicle performance report: Xiaomi has exceeded 10,000 units for three consecutive months, and the delivery of Ideal has increased by 37.8% year-on-year.
The delivery volume of li auto inc. SU7 has exceeded 10,000 units, and the target of delivering over 10,000 units has been achieved for three consecutive months. Li Auto delivered 48,122 new vehicles in August, a year-on-year increase of 37.8%. Lingpao Auto is the third new force in car manufacturing to achieve monthly sales of over 0.03 million.
Automobile company half-year report: byd company limited with a revenue increase of nearly 500%, over 1200 Zotye, chongqing sokon industry group stock has the largest revenue increase, while Xiaopeng Motors suffers the most losses.
①Ten car companies achieved double growth in revenue and net income, accounting for half of the total. ②Among the 20 car companies, BYD outperformed the others, ranking first in both revenue and net income, with revenue 1,209 times that of Zotye Automobile. ③The declining performance of joint venture brands has also dragged down the performance of old car companies such as SAIC Motor Corporation and Guangzhou Automobile Group.
Intensified competition on the supply side, shuangliang eco-energy systems, the new star of silicon wafers, suffered a loss of over 1 billion yuan in the first half of the year. | Interpretations of financial reports
①Shuangliang Eco-energy Systems reported a net loss of over 1.2 billion yuan in the first half of the year, with a loss of 0.963 billion yuan in the second quarter, marking the largest quarterly loss in nearly five years. ②The company's asset-liability ratio has reached 81.5%, indicating significant debt repayment pressure. ③The current silicon wafer price is in a fierce game, and in the medium to long term, the supply-demand pattern of silicon wafers is clearly improving, which will provide some support for this round of price increases.
Cui Dongshu: In July, global auto sales reached 7.22 million units, a year-on-year decrease of 1%. Chinese car companies accounted for 31% of the world market share.
In July 2024, the global automobile sales reached 7.22 million units, a year-on-year decrease of 1%, and a month-on-month decrease of 8% compared to June.
Byd Company Limited's revenue in the first half of the year increased by 15.8% year-on-year, with net income increasing by 24.4%.
In the first half of the year, BYD's automotive business revenue increased by 9.3% year-on-year, with automotive sales ranking first in the world, and mobile assembly business increased by 42.5% year-on-year.
Express News | BYD Company's net income for the first half of the year was 13.631 billion yuan, a year-on-year increase of 24.44%.
ODM and OEM business drive the company's sales growth. Lens Technology's net income in the first half of the year increased by 55% year-on-year. | Interpretations
① The consumer electronics industry is showing obvious signs of a recovery in terminal demand, with lens technology's net income increasing by more than 50% in the first half of the year. ② With the continuous innovation of AI phones by major mobile phone brands, a new round of replacement cycles may be initiated, and companies in the industry chain are expected to benefit.
Times Electric's net profit in the first half of the year increased by 30.56% year-on-year. Some of the investment projects are delayed.
1. Times electric stated that in the first half of 2024, revenue growth benefited from the growth of railroad investments, passenger traffic recovery, and other factors, with the year-on-year growth of the acceptance and delivery volume of rail transportation products. 2. Times electric's subsidiary, Yixing Zhongche Times Semiconductors Co., Ltd., plans to invest approximately 0.946 billion yuan in the construction of medium and low voltage power component production capacity (Yixing) project.
The demand for silicon carbide driven by new energy vehicles and other factors has increased. TIANYUE Technology achieved double growth in revenue and net profit in the first half of the year.
①Tianyue Advanced stated that during the reporting period, thanks to the continuous penetration of silicon carbide semiconductor materials in the new energy vehicle and wind energy storage and other applications, the downstream application market continues to expand; ②The industry generally believes that compared to mature silicon wafer manufacturing processes, silicon carbide substrates will still face challenges of high preparation difficulty and high cost in the short term.
Passenger car association: The retail sales of electric vehicles in the first three weeks of August reached 0.49 million, a year-on-year increase of 58%.
From August 1st to August 18th, the electric vehicles market retail sales were 0.49 million units, a 58% year-on-year increase from August last year, 27% higher than the same period last month. Since the beginning of this year, cumulative retail sales have reached 5.478 million units, a 36% year-on-year increase.