The shares of Gelonghe Holdings (0838.HK) fluctuated at a high level on May 17, rising 6.3% to HK $1.35, with a total market capitalization of HK $2.36 billion. The company bought back a total of 3 million shares from May 11 to 13. In addition China Bank International reported that Yihe's auto parts business has reached an inflection point especially the business increments of Tesla, Inc. and Great Wall Motor will significantly improve the company's revenue and profit margins in the next few years. Revenue from the auto parts business of 100 million and Holdings is expected to grow by 50%, 50%, 40%, and 168%, 80%, 46%, respectively, in the 22-24 fiscal year. It covers 100 million for the first time and Holdings gives a buy rating with a target price of HK $3.