In early trading on May 12, the automobile plate as a whole strengthened. As of 9 per cent, the Shen-in-case auto industry index was up 0.90 per cent, Bojun Technology was up more than 10 per cent and BAIC Blue Valley was up more than 5 per cent, according to Wind. Among them, the most eye-catching one is Changan Automobile (SZ:000625). After sealing the rising limit on May 10, it is now trading at 21.45 yuan on the same day, and the total market capitalization is back to hundreds of billions.
"the opening of the board yesterday afternoon washed out the plate that had been fastened before, and then I would like to return to the horse gun today." Changan Automobile shareholders said. Changan Automobile has been trading at 2 times for 3 days, which is not only an undesirable thing for ordinary investors, but also good news.
In early trading on May 13, the share prices of a number of listed car companies plunged one after another, floating green in a large area. Among them, Changan Automobile led the auto sector up by 5%. As of 915, the stock was at 22.54 yuan per share, with a cumulative market capitalization of 120 billion yuan.
Last year, Changan Automobile shares went out of a rising market, spurred by the news that Changan Automobile, Huawei and Ningde era jointly built a high-end smart car brand, according to Gus. In early December, the share price peaked at 28.38 yuan. Since then, the share price has fallen all the way, reaching a low of 13.76 yuan on March 25 this year, a drop of more than 50%. "since buying at a high price, the share price of Changan Automobile has fallen all the way. If you sell it, you will lose it, and if you don't sell it, it will be held up." A buyer of Changan Automobile told Gaishi Motor Co., Ltd.
As of April 16, Changan's share price was still hovering at the bottom. Since neither Changan Automobile nor Huawei released any further information, some people in the market even began to suspect that there was something wrong with the cooperation between the three parties. However, according to Changan automobile production line bidding announcement and other relevant information shows that everything is moving forward normally.
There must be a reason for the sharp rise in share prices. So, what is the reason for the big rise in the share price of Changan Automobile? What is the logic behind it, and can this rally last?
Enter the "20 million Club"
On May 10, the day of China Brand Day, the 20 millionth product of Changan Chinese brand cars under Changan Automobile Group was officially off the line.
Industry insiders believe that Changan Automobile, as a Chinese automobile brand, has taken the lead in entering the "20 million Club" camp, which not only marks the success of the company's transformation and upgrading, but also represents a new height in the development of China's automobile industry. it is an important milestone in the process of Chinese automobile brands marching into world-class brands.
At the press conference, Zhu Huarong, party committee secretary and chairman of Changan Automobile, said: "in the first year of the 14th five-year Plan, Changan Automobile unswervingly transformed into an intelligent low-carbon travel technology company, building software capability and efficiency as its core competitiveness, building a 'new automobile + new ecology' industrial company, and moving forward to a world-class automobile brand."
Facing the 14th five-year Plan, "We will invest 150 billion yuan as a whole," Zhu Huarong revealed, to support Changan Automobile to achieve its goal of selling 5 million vehicles by 2030, of which Changan brand sales will reach 3.5 million.
On the day of the offline ceremony, the share price of Changan Automobile closed at 18.38 yuan per share in the afternoon. Gaishi Research Institute believes that stimulated by this news, Changan Automobile share price out of a wave of rising market. 20 million is not the end, but a new starting point. A high-quality Chang'an Automobile is becoming the new "standard-bearer" of China's automobile market.
Build a high-end electric car brand
"developing an independent intelligent car industry chain and creating a high-end electric car brand may be the real 'killer's mace' of Changan Automobile." A senior automotive media revealed to the car.
Admittedly, since last year, under the banner of "new energy", new forces such as Ulai, Xiaopeng, ideal and Evergrande have been sought after by the capital market, forming groups to occupy the market value list of listed car companies, proud of a group of traditional car companies with a history of a century. Now it seems that the new energy east wind is still strong. This time, Changan Automobile announced to accelerate the transformation to an intelligent low-carbon travel technology company, affixed with the popularity of "new energy", which has a vital impact on the stock price boost.
As mentioned earlier, during the 14th five-year Plan period, Changan Automobile plans to invest 150 billion yuan to focus on future competitive highlands such as software, intelligent technology, low-carbon, new business model, and sophisticated talents, through the accurate development of five dimensions, realize Vision 2030 and accelerate the transformation to an intelligent low-carbon travel technology company.
At the same time, Changan Automobile said on the interactive platform of the Shenzhen Stock Exchange: the company will join hands with Huawei and Ningde era to build a world-class intelligent electric networking vehicle platform-CHN, 's future-oriented high-end intelligent electric vehicle is about to be launched, and a new high-end brand name is about to be announced.
Although the news has long been out, but the capital market for Changan such a large-scale transformation has long been rubbing hands. This time, Changan once again firmly spoke out, in conjunction with Ningde era, Huawei and other powerful companies to build high-end electric car brands, has become an important driver of today's stock price limit, and even the future stock price trend.
According to the plan, during the 14th five-year Plan period, Changan Automobile will accelerate the promotion of "Beidou Tianshu" 2.0, and strive to take the lead in the listing of L4 Intelligent Networked vehicles in 2022. At the same time, in order to meet the computing needs of future smart cars and ensure the security of the supply chain, Changan Automobile will work with international leading partners to build new semiconductor industry capabilities.
In terms of new energy, Changan Automobile will continue to promote the implementation of the "Shangri-La" plan to speed up the development of low-carbon products, low-carbon manufacturing and low-carbon industries. In terms of products, based on the Ark architecture and CHN architecture, we will build three major platforms: EPA0, EPA1 and EPA2. In the next five years, 26 new smart electric vehicles will be launched one after another, and the first two smart electric vehicles will be unveiled this year. Industry insiders believe that Changan Automobile to build an independent intelligent automobile industry chain, the "chemical reaction" will have a positive and significant impact on the future development of the entire automobile industry.
Performance is on the right track
Since April 9, Changan Automobile has successively issued results announcements for the first quarter of 2020 and 2021, and various indicators show that Changan Automobile is getting out of the quagmire and on the right track.
Data show that until 2020, Changan automobile sales began to bottom out and rebounded, and the 2020 results announcement released by Changan Automobile also sent a positive signal after sales returned to the class of 2 million vehicles. Last year, the company achieved an operating income of 84.566 billion yuan, an increase of 19.79% over the same period last year, and a net profit of 3.324 billion yuan, a substantial turnround from a loss of more than 2.6 billion yuan in 2019. In this regard, Changan Automobile said that the growth of operating income and net profit in 2020 was mainly due to the growth of the company's sales volume, the optimization of product structure, the continuous improvement of the profitability of its independent business and the steady improvement of the profitability of the joint venture business.
In view of the grim situation in which the automobile industry is facing the impact of a continuous downward market and superimposed epidemics in the past year, it is not easy for Changan Automobile to achieve this result.
On April 16, the share price of Changan Automobile was affected by the "booming" performance, closing at 15.81 yuan, with a direct "limit". Since then, its share price has opened high for two consecutive trading days, returning to more than "16 yuan" as a whole and rising steadily.
In the first quarter of this year, Changan Motor once again got off to a good start. Data show that in the first quarter, Changan Automobile achieved an operating income of 32.027 billion yuan, a sharp increase of 176.96% over the same period last year, and a net profit of 854 million yuan, an increase of 35.26% over the same period last year. In the first quarter of this year, Changan passenger car sales reached 360000, once again ranking first in independent brand sales. Changan Automobile said that the third Innovation and Entrepreneurship Plan has been iterated to version 4.0 and is now at the point of innovation and change.
It is worth mentioning that as of April, Changan Automobile has achieved its 2.2 million annual sales target of 38.33%. According to this sales trend, it is not difficult to achieve the annual sales target.
For Changan Automobile performance continued to improve, a number of securities institutions gave evaluation, including Huaxi Securities, CITIC Construction Investment, Oriental Securities and so on have given a "buy" rating. "Q1 performance has improved significantly and is optimistic about full-year performance repair." China Galaxy gives a "buy" rating.
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