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Li Auto Newsroom
[Brokerage Focus] Tianfeng: The fundamentals of Ideal Autos (02015) in the second half of the year are expected to gradually trend upwards and recover.
Jinwu Financial News | tianfeng's research points out that Li Auto (02015) had total revenue of 42.9 billion yuan in Q3, representing a 24% year-on-year increase and a 35.3% quarter-on-quarter increase; the revenue from autos sales was 41.3 billion yuan, up 22.9% year-on-year and 36.3% quarter-on-quarter, mainly due to the increase in vehicle delivery volume; Other sales and service revenue for the third quarter of 2024 was 1.6 billion yuan, a year-on-year increase of 45.8% and a quarter-on-quarter increase of 14.1%, mainly attributed to the cumulative increase in vehicle sales and the rise in vehicle delivery volume, leading to increased sales of products and services. The report indicates that Li Auto achieved total revenue of 24Q3.
Tianfeng Securities: Ideal autos - W3-4Q fundamentals are gradually trending upwards with the expectation of recovery. The continuous improvement of store and infrastructure layout.
Tianfeng Securities released a research report stating that the bank believes that extreme emotions regarding domestic consumption concerns at the trading level have been digested in Q3. In fact, auto consumption saw a slight recovery in July driven by the old-for-new policy. The sustainability of market demand thereafter is indeed difficult to determine, but Ideal Autos (02015) may gradually trend upwards in 3-4Q. The bank also expects that the development of asia vets driving technology will help drive the growth of individual vehicle value/gross margin.
Breaking news! Four major industry associations collectively state: exercise caution when purchasing usa chips.
① The china semiconductors industry association, china automotive industry association, china internet plus-related association, and china communication enterprises association have all issued statements urging domestic companies to carefully select and procure usa chips. ② The new round of export restrictions from the usa involves over 140 chinese enterprises, affecting semiconductors manufacturing equipment, electronic design automation tools, etc., undermining the principles of fair competition in the global semiconductors industry.
Weimiao Autos (02015.HK): Pressure on Q2 performance, bottoming out in Q3, with full-year performance expected to continue.
Performance in 24Q3: Total revenue for Q3 was 42.9 billion RMB, up by 24% year-on-year, and up by 35.3% month-on-month; automotive sales revenue was 41.3 billion RMB, up by 22.9% year-on-year, and up by 36.3% month-on-month, mainly due to the increase in automotive delivery volume; Other sales and service revenue for the third quarter of 2024 was 1.6 billion RMB, an increase of 45.8% year-on-year and 14.1% month-on-month, mainly due to the increase in cumulative vehicle sales and vehicle delivery volume, with product and service sales also increasing accordingly.
Ideal Autos-W (2015.HK): November sales of 49,000 units, with the iterative smart driving pushing ADMAX sales to account for over 70%.
In November 2024, sales of Li Auto reached 0.049 million units, an 18.8% year-on-year increase, but a 5.3% decline month-on-month.
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Li Auto Sees Surge in Deliveries and Market Dominance
Tesla's China Shipments Fall for Second Month in a Row
Just now! China has taken action to strengthen export controls on dual-use items such as gallium, germanium, antimony, and related items to the usa.
Source: Securities Times, December 3, the Ministry of Commerce released a notice on strengthening export control of relevant dual-use items to the usa, effective from the date of announcement. The notice states that in accordance with the provisions of the "Export Control Law of the People's Republic of China" and other laws and regulations, in order to maintain national security and interests and fulfill international obligations regarding diffusion, it has been decided to strengthen export control of relevant dual-use items to the usa. The relevant matters are announced as follows: 1. Export of dual-use items to military users or for military purposes in the usa is prohibited. 2. In principle, licenses will not be granted for the export of gallium, germanium, antimony, and related dual-use items to the usa; for graphite dual-use items exported to the usa, control will be implemented.
Express News | The China Association of Automobile Manufacturers: To ensure the security and stability of the automotive industry chain and supply chain, it is recommended that Chinese auto companies be cautious in purchasing chips from the USA.
China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show
At the end of the year, the "sales boost battle" in the car market has begun: multiple car companies have updated the December car purchase benefits, with BYD's terminal prices showing a slight loosening.
BYD has launched various popular car models with different levels of discount policies in December. leapmotor, which has already completed its annual sales target ahead of schedule, updated the car purchase benefits for December on December 2nd.
Market Chatter: Chinese EV Makers Look to Hong Kong as International Launchpad
Express News | Ideal autos: In the 48th week of 2024 (from November 25 to December 1), Ideal autos achieved weekly sales of 0.0119 million units, ranking first in sales among new force brands in china for 32 consecutive weeks.
Ideal Autos-W (02015.HK): End-to-end acceleration push, higher proportion of high-end models.
On December 1, 2024, Ideal Autos announced the delivery data for November 2024. In November 2024, Ideal Autos delivered 48,740 new vehicles, an 18.8% year-on-year growth.
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
NIO, XPeng & Li Auto Provide Delivery Results for November
SA Charts: November 2024 EV Trends—BYD Leads, XPeng Rebounds, Li Auto & NIO Stay Resilient
Nasdaq Gains Over 100 Points; Li Auto Delivers 48,740 Vehicles In November
Nio, XPeng, Li Auto Deliveries Set Record. December Should Be Huge for China's EV Makers