① On the first weekend after the launch of Xiaomi Auto, the number of visitors to the store was nearly 10,000, with Interactive Easy Reply on the list of listed companies cooperating with Xiaomi Auto in the past two days; ② Xiaomi Auto concept stocks broke out collectively. Kaizhong shares closed for 5 days on Friday, and Hitec and China Machinery Inspection all achieved a 20cm rise and stop; ③ Jinrong Tianyu had the highest weekly share price increase sector, even more intense than the wave of attacks in November last year.
Financial Services Association, March 31 (Editor: Li Chen) After the launch of Xiaomi cars, media reporters visited a number of Shanghai Xiaomi car stores on the first weekend of its launch. The stores had nearly 10,000 visitors, and the test drive was scheduled until 3 a.m. According to official data, after the release of Xiaomi cars, sales were booming, breaking 10,000 in 4 minutes, breaking 20,000 in 7 minutes, and breaking 50,000 in 27 minutes. 24 hours after the launch, Lei Jun announced on his official Weibo that a day after the launch of the Xiaomi SU7, a certain number surpassed 88,898 vehicles. The impressive order data for Xiaomi cars has also set off a wave of concept stock speculation in the capital market. According to the Wind Xiaomi Auto Index, the index range increase over the past month (February 6 to March 29) was 52.72%.
Concept shares broke out on Friday after the launch of Xiaomi Auto. Kaizhong Co., Ltd., which has passed the admission review for new suppliers of Xiaomi car buffer blocks, closed and won 3 boards in 5 days. Its automotive injection molds, which have been used in new energy models such as Xiaomi, and the mid-engine inspection that provides automotive design services for Xiaomi cars all closed up and down by 20cm. Xiamen Cinda, which has obtained authorization from Xiaomi's Kunming Sheet and Spray Center, recorded a 20cm rise and fall in the market.
Data source: Choice data
According to an incomplete report by the Financial Federation, A-share listed companies such as Yangjie Technology, Xiamen Cinda, Jiang Bolong, Ka Beiyi, HKUST Intelligence, Desai Battery, Shangluo Electronics, China Engine Inspection, Xinlun New Materials, and China Power Hong Kong have responded to cooperate with Xiaomi in the past two days on platforms such as Interactive Easy. The details are shown below:
▌Behind the boom in Xiaomi car sales: Jinrong Tianyu has the highest weekly increase in the “second spring” sector. Will Kaizhong Co., Ltd. replicate the “boom and fall” trend in November last year?
According to post-market news on November 15, 2023, Xiaomi Motor appeared in the Ministry of Industry and Information Technology catalogue and declared the company name BAIC Group. Xiaomi Auto revealed its true appearance. The day after the news was announced, there was a change in Xiaomi Auto's concept stock. Kaizhong shares rose and stopped until the close. At first, Hitec and Jinrong Tianyu surged more than 10% in the market, but then their stock prices fell sharply and closed only slightly higher. At a time when the order data for Xiaomi cars is impressive, will the second-tier market performance of concept stocks once again “flourish and decline”?
Kaizhong Co., Ltd. announced abnormal stock trading fluctuations on Tuesday evening. The company currently has no business dealings with the Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund Partnership (Limited Partnership). On the other hand, Kaizhong Co., Ltd. has no control over Jiongyi Electronic Technology (Suzhou) Co., Ltd., and does not share Suzhou Jiongyi. Currently, Suzhou Jiongyi has invested heavily in R&D. It is still at a loss stage, and large-scale production has not yet been carried out. Kaizhong Co., Ltd. hit a record high in the intraday market on November 17 last year, then began a wave of sharp correction. The biggest cumulative drop in high stock prices was nearly 60%. At a time when sales of Xiaomi cars were booming, the record high price of 28.92 yuan set at the time had not yet been updated. Kaizhong Co., Ltd. replied on Interactive Easy on October 25 last year that the Beijing Xiaomi Smart Manufacturing Equity Investment Fund partnership is a strategic investor introduced by the participating company Suzhou Jiongyi, and that Jiongyi Electronics (Suzhou) Co., Ltd., which the company invests in the online control product field, has simultaneous development business with Xiaomi Auto. In terms of performance, according to the annual report forecast of Kaizhong Co., Ltd., the company expects to achieve a net profit of 91 million yuan attributable to the owner of the parent company in 2023, an increase of about 16% over the previous year.
On March 21, HiTech said on Interactive Easy that the company has developed related injection molds for Xiaomi cars. Hitec hit a phased high in the intraday period on November 16 last year. Since then, the highest cumulative correction of the high stock price was over 60%. The latest closing price of 28.73 yuan is still a long way from the highest price of 35.66 yuan at the time. Hitec announced its 2023 annual results forecast on February 28. Net profit attributable to shareholders of listed companies during the reporting period was 22 million yuan to 25 million yuan for the same period last year, down 54.02% to 59.53% from the same period last year.
Jinrong Tianyu closed up 13.68% on Friday. At the same time, it ranked first in the Xiaomi auto sector with a weekly increase of 64.30%, and “left far behind” the new phased high set on November 16 last year. Jinrong Tianyu said on January 12 on Interactive Easy that the company has obtained supporting business for new energy model products, including Xiaomi, in the field of new energy vehicles. According to public information, Jinrong Tianyu was founded in 2004. Its products in the automotive sector include shock absorption parts, safety parts, air conditioning and seat parts, lightweight parts, etc., focusing on fuel vehicles such as Toyota, Honda, Nissan, and Volkswagen and new energy vehicles.
