A review of the performance of the US-listed stock market in one week

1. The overall performance of the China-listed stock index

Weighting indices such as US-listed stocks have risen 306 per cent since January 1, 2015, significantly outperforming the S & P 500, with a relative return of 201 per cent.

Note: Chinese stocks and other weighted index components include 75 companies that have constructed a portfolio of equally weighted Chinese stocks, screening Chinese stocks with a market capitalization of more than 1 billion US dollars (excluding state-owned enterprises listed in many places) and adjusting them every six months.

Since the beginning of this year, the index of Chinese stocks has risen first and then fallen, and has fallen slightly by 1.49% so far. The index bottomed out and rebounded this week, closing up 1.54%.

2. Chinese stocks rose by TOP10

(1) EHang Holdings Limited (EH.US) rose by more than 7% after the release of long-range autopilot vehicle VT-30

The company previously released the long-range self-pilot aircraft VT-30, which is capable of carrying two passengers under full autonomous control and is designed to have a range of 300km and a duration of 100 minutes.

VT-30 and EH216 models that focus on urban air traffic will complement each other, expand the air traffic network and improve the urban air traffic ecology in the future.

(2) Yatsen's increase in income but no increase in profit and loss expanded to 1.04 billion in the first quarter of 230 million. Marketing accounted for 72% of revenue.

Recently, Yatsen's first quarterly report was released. According to the performance report, in the first quarter of 2021, its operating income reached 1.44 billion yuan, an increase of 42.7 percent over the same period last year, exceeding the 36 per cent revenue growth expected by the agency. Gross profit reached 992 million yuan, an increase of 58.8 per cent over the same period last year.

However, the increase in revenue and gross profit did not bring net profit growth to the company. On the profit side, Yatsen posted a net loss of 234 million yuan under non-US GAAP, an increase of 81.1 per cent compared with the same period last year.

In fact, Yatsen has been losing money since last year. According to the data, its revenue in 2020 was 5.23 billion yuan, an increase of 72.6 percent over the same period last year, but a loss of 3.5 billion yuan. Even after adjustment, the net loss reached 788 million yuan.

(3) Zhihu Inc. (ZH.US) Q1 revenue far exceeded expectations, profit margin loss narrowed

In the first quarter of 2021, Zhihu Inc. achieved revenue of 478.3 million yuan, an increase of 154.2 percent over the same period last year, and all businesses grew across the board, far exceeding market expectations; gross profit was 273 million yuan, up 248.5 percent over the same period last year; and a net loss of 324.7 million yuan, an increase of 61.3 percent over the same period last year.

3. China-listed stocks fell TOP10.

(1) Burning Rock Biotech Ltd. (BNR.US) Q1 has revenue of 107 million yuan and net loss of 171 million yuan.

Burning Rock Biotech Ltd. (BNR.US) had revenue of 107 million yuan (RMB, the same below) in the first quarter of 2021, up 58.4% from a year earlier, and a net loss of 171 million yuan, compared with 52.572 million yuan in the same period last year.

(2) the adjustment result of FTSE Russell was announced in June, including MINISO Group (MNSO.US).

FTSE Russell, the index compiling company, released the results of the quarterly review of the flagship index in June 2021, and the changes will take effect after the close on June 18.

The announcement shows that the FTSE global stock index series (hereinafter referred to as FTSE GEIS) large-cap stocks are newly included in China Resources Mixc Lifestyle Services (01209), Blue Moon Group (06993), MINISO Group (MNSO.US), Golden Dragon Fish (300999.SZ), etc., excluding Gree Electric Appliances (000651.SZ) and so on.

However, FTSE Russell also said that the announcement is only a preliminary list, FTSE Russell will also adjust the above list slightly according to market conditions, such as the adjustment of the Shanghai and Shenzhen stock exchanges, and the final inclusion of the list will be determined before the effective date of the index.

(3) JOYY Inc Group fell by more than 5%. In the first quarter, the number of monthly active users decreased by 15.1% compared with the same period last year.

According to the news on the evening of May 28th, US stocks opened on Friday. JOYY Inc Group fell 4.86%. As of press release, JOYY Inc Group fell 5.02% to $80.39, with a market capitalization of $6.283 billion. According to JOYY Inc Group's first-quarter financial report, the global average number of monthly active users (MAU) of mobile devices decreased by 15.1% in the first quarter compared with the same period last year.

II. Trends of key companies

(1) Li Auto Inc. responded to taking over Hyundai Factory

Recently, the Future Automobile Daily learned exclusively from a number of insiders that the first Hyundai factory in Beijing, which has been closed for two years, will be taken over by Li Auto Inc.. An employee of Beijing Hyundai No. 1 factory told Future Automobile Daily, "recently, Li Auto Inc. 's staff often come to Beijing Hyundai No. 1 factory to inspect." "

The document also pointed out that during this period, the factory will be equipped with more than 2000 scientific and technological personnel, including autopilot, artificial intelligence, big data and the industrial Internet. The project is scheduled to be put into production in 2023, and the industrial output value will reach 30 billion yuan in 2024.

The company then responded that it had not received the message and would not comment.

(2) Pinduoduo announces first-quarter 2021 results before the US stock market.

Pinduoduo's revenue in the first quarter of 2021 was 22.1671 billion yuan ($3.3834 billion), up 239% from 6.5411 billion yuan in the same period last year and higher than market expectations, according to the financial report.

The net loss attributed to Pinduoduo's common shareholders was 1.8903 billion yuan ($288.5 million), compared with a net loss of 3.1696 billion yuan in the same period last year.

(3) with total revenue exceeding 4.8 billion yuan in 2020, AiHuiShou International may become the "first ESG share of Chinese stocks".

AiHuiShou International Group (AiHuiShou International), China's largest second-hand consumer electronics trading and service platform, has formally filed an IPO prospectus with the Securities and Exchange Commission (SEC) for listing on the New York Stock Exchange under the symbol RERE. The IPO underwriters are Goldman Sachs Group, Bank of America Securities, China Renaissance Holdings Ltd., Guotai Junan (International), CITIC and so on. AiHuiShou International Group (AiHuiShou International) may become the "first ESG share of Chinese stocks".