Byd Company Limited(002594) the price of some models under guanxuan increased.
On January 21, Byd Company Limited(002594) Auto's official microblog released an explanation on the price adjustment of models. Byd Company Limited(002594) said that due to the sharp rise in the price of raw materials and the decline of new energy vehicle purchase subsidies, Byd Company Limited(002594) will adjust the official guidance price of new energy models related to dynasty.com and ocean.com by 1000-7000 yuan . The price adjustment will take effect from February 1. Customers who have paid a deposit before this will not be affected by the price adjustment.
The decline of new energy vehicle purchase subsidy mentioned in the note refers to the notice on the financial subsidy policy for the promotion and application of new energy vehicles in 2022 jointly issued by the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the national development and Reform Commission on December 31. According to the requirements of the notice, in 2022, the subsidy standard for new energy vehicles will decline by 30% on the basis of 2021; For qualified vehicles in urban public transport, road passenger transport, rental (including online car Hailing), sanitation, urban logistics and distribution, postal express, civil aviation airport and public service of Party and government organs, the subsidy standard will decline by 20% on the basis of 2021. The new subsidy standard will be implemented from January 1, 2022.
Byd Company Limited(002594) is not the first new energy vehicle enterprise to officially announce price increases. On December 31, Tesla announced that the price of rear wheel drive version of model 3 and model y was increased by 10000 yuan and 21000 yuan respectively. In January, the price of Nezha auto products increased by about 2000-5000 yuan; Xiaopeng automobile also announced that the price of the whole series increased by about 4300 to 5900 yuan.
The decline of subsidies and the soaring cost of power batteries caused by the high prices of lithium, nickel and other metals, as well as the constraints of chip shortage on the production capacity of new energy vehicles, further boosted the rise of new energy vehicle prices.
Analysts said that whether the price of subsidized downhill models increases depends on the relationship between market supply and demand. If the market continues a strong trend, some auto enterprises will raise prices; If demand is relatively weak, it may trade at a discount. Byd Company Limited(002594) dare to raise prices. On the one hand, the company's business is relatively diversified, which can balance the risk of price increase; On the other hand, Byd Company Limited(002594) hot selling models are in short supply. Under the condition of generally long vehicle collection cycle in the market, the supply of existing vehicles also gives the company more confidence to increase prices.
the recent shock correction of new energy vehicle concept stocks
At present, most new energy vehicle enterprises are still in a state of loss, and the market competition is fierce. Cui Dongshu, Secretary General of the Federation, said that Byd Company Limited(002594) and Tesla have mastered the pricing power to a great extent, have strong competitiveness and have a certain benchmarking effect. Byd Company Limited(002594) if Tesla increases the price, other car companies are likely to follow up.
Securities Times · databao counted the list of new energy vehicle concept stocks, with a total of 31 shares. Among them, there are 6 shares with a market value of 100 billion, Byd Company Limited(002594) , Great Wall Motor Company Limited(601633) , Saic Motor Corporation Limited(600104) are among the top three. In terms of institutional attention, Great Wall Motor Company Limited(601633) , Shenzhen Inovance Technology Co.Ltd(300124) , Saic Motor Corporation Limited(600104) , Byd Company Limited(002594) , Guangzhou Automobile Group Co.Ltd(601238) ranked first, with 35, 28, 28, 26 and 25 institutions participating in the rating respectively.
In terms of the market, concept stocks have continued to fluctuate and callback recently, and the latest price of 31 stocks has retreated by an average of 26.94% compared with the high in the second half of 2021. 11 shares such as Guangzhou Automobile Group Co.Ltd(601238) , Great Wall Motor Company Limited(601633) , Chongqing Changan Automobile Company Limited(000625) retreated by more than 30%; More than 40% of Zhangjiagang Furui Special Equipment Co.Ltd(300228) , Baic Bluepark New Energy Technology Co.Ltd(600733) , Chongqing Changan Automobile Company Limited(000625) , Zotye Automobile Co.Ltd(000980) 4 shares. The latest valuation of 6 shares is less than 20 times, of which Saic Motor Corporation Limited(600104) , Youon Technology Co.Ltd(603776) , Lifan Technology(Group)Co.Ltd(601777) rolling P / E ratio is less than 10 times.
In terms of net profit, so far, Shanxi Meijin Energy Co.Ltd(000723) , Great Wall Motor Company Limited(601633) , Yutong Bus Co.Ltd(600066) and Guangzhou Automobile Group Co.Ltd(601238) have issued annual performance forecast or express report. Based on the median value of the forecast interval, the net profit of the four shares increased by 295.49%, 26.47%, 20% and 19% respectively. According to the reports of various companies, Great Wall Motor Company Limited(601633) and Guangzhou Automobile Group Co.Ltd(601238) performance changes are mainly due to the steady growth of vehicle production and sales throughout the year; Yutong Bus Co.Ltd(600066) is mainly due to the promotion of new energy in the overseas bus market, the improvement of the company's export sales structure and the increase of performance contribution.
Institutions have confidence in the performance of many concept stocks. The organization predicts that the annual net profit of Anhui Jianghuai Automobile Group Corp.Ltd(600418) and Beiqi Foton Motor Co.Ltd(600166) is expected to exceed 200%, 255.86% and 212.34% respectively; Chongqing Sokon Industry Group Stock Co.Ltd(601127) , Shenzhen Inovance Technology Co.Ltd(300124) are also expected to be more than 50%. The performance of the leading Byd Company Limited(002594) with a market value of 600 billion yuan is also favored by institutions, and the performance is expected to increase by 8.29%.
Shanghai will strengthen the layout of vehicle specification chip production
Another news related to new energy vehicles is the production of vehicle specification chips.
On January 23, when answering the media's question on the development of new energy vehicles, Gong Zhengzheng, mayor of Shanghai, said that since the second half of last year, the problem of "core shortage" of intelligent networked vehicles has been serious. Therefore, Shanghai is also stepping up the production of vehicle specification chips to solve the problem of "core shortage" of vehicles as soon as possible. In the next step, we will continue to comprehensively promote technology R & D standards and accelerate the cultivation and development of new advantages in the new energy vehicle competition.
For this track, on January 13, Wang Weiming, director of the equipment industry of the Ministry of industry and information technology, said that with the global chip enterprises gradually increasing the production and supply of automobile chips, the chip production capacity will be released in the second half of the year. It is expected that the shortage of automobile chip supply will be gradually alleviated in 2022. Data show that in 2025, the global semiconductor market will exceed 400 billion, and China's automotive semiconductor market will reach 120 billion, double the current scale. "Lack of core" provides valuable window opportunities for Chinese manufacturers.
According to the statistics of data treasure, 12 auto chip concept stocks have released the performance forecast for 2021. Based on the median value of the forecast interval, the annual net profit of 10 shares doubled, the growth rate of sub new shareholder core shares was as high as 10.9 times, and then the growth rates of Ninestar Corporation(002180) , Hangzhou Lion Electronics Co.Ltd(605358) and Hangzhou Lion Electronics Co.Ltd(605358) were 711.34% and 204.52% respectively. In terms of valuation, the valuation of the sector on January 21 was 66.88 times, the latest valuation of 12 shares was lower than that value, and the latest rolling P / E ratio of Allwinnertech Technology Co.Ltd(300458) , Shenzhen Goodix Technology Co.Ltd(603160) , China Wafer Level Csp Co.Ltd(603005) 3 shares was less than 45 times.
