[hot stocks] the auto sector has pulled up Changan Automobile, Jiangling Motor and other stocks by the daily limit.

SMM2 March 2: today, the automobile plate pulled up, Changan Automobile, Jiangling Automobile, Hexing shares rose by the limit, Foton Motor rose by more than 7%, and Sinotruk, GAC GROUP, FAW Liberation, BYD and other collective higher.

Recently, auto companies have disclosed data on automobile production and sales in January one after another. Among them, Changan Automobile sold 252000 vehicles in January, an increase of 87.24 percent over the same period last year, and production of 226600 vehicles, an increase of 82.85 percent over the same period last year. Jiangling produced 27000 cars in January, up 83.30% from a year earlier, and sold 27000 vehicles, up 79.84% from a year earlier.

Prior to this, Changan Automobile issued a forecast of the company's performance in 2020. According to the content, Changan Automobile's annual revenue in 2020 is expected to be 800-90 billion yuan, an increase of about 20 percent over the same period last year, and the net profit of shareholders of listed companies is expected to be 28-4 billion yuan, an increase of about 205 percent over the same period last year. The forecast shows that the growth of operating income and net profit of Changan Automobile in 2020 is mainly due to the growth of the company's sales volume, the optimization of product structure, the improvement of the profitability of independent business, the steady improvement of the profitability of joint venture business, and so on.

Zheshang Securities said that in 2021, the prosperity of the automobile industry is increasing, and the improvement on the supply side drives the high growth of new energy vehicle sales. At the turning point of the electric intelligent reform, we are optimistic that the domestic independent leading enterprises will increase their market share and the parts and components enterprises will realize the logic of globalization. Passenger cars: it is recommended to grasp the target Geely cars and Great Wall cars with a strong product cycle; spare parts: continue to be optimistic about electric intelligent investment opportunities, with emphasis on Ningde era (Dianxin), Top Group, precision forging technology, pay attention to Guoxuan Hi-Tech, Xinquan shares, Fuyao Glass, Koboda and so on.