In the first half of the year, car sales dropped by 6.25%!Can you help Changan Avita when you work with Huawei Ningde Times?

The existence of Avita has made the market highly hope that Changan Automobile's new energy vehicle business is high. But so far, the "Avita 11" model with a high voice has not yet been officially launched

"Investment Times" researcher Zhuoma

From the end of April to the end of June, the two -month stock price rose from a minimum of 6.51 yuan/share to 21.43 yuan/share, an increase of 229.19%; 9 trading days, the stock price dropped from 21.43 yuan/share to 16.55 yuan /Stock, this is the stock price trend of Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as Changan Automobile, 000625.SZ).

"Investment Times" researcher noticed that the rise in Changan Automobile's stock price or is related to a turning point in the car sector at the end of April -April 25, "Opinions on Further Release of Consumption Potential Consumption to Promoting Consumption Recovery" proposes that there are no new car purchase measures in various places. It is necessary to gradually cancel the purchase restrictions on automobiles according to local conditions, and promote consumer goods such as cars from purchasing management to management.

Subsequently, on May 31st, the "Police Policies and Measures of Stable Economy" proposed that it would include stable investment promotional expenses that must stabilize the consumption of large consumption such as automobiles and home appliances. On the same day, the Ministry of Finance and the State Administration of Taxation issued an announcement that it was announced that some passenger vehicles were reduced by half of the purchase tax, and the scale of reduction was 60 billion yuan.

Under the favorable policies, multiple restricted cities have made positive responses, and major car companies have also launched a car purchase discount. The market enthusiasm has swept the entire A -share market. According to Wind data, after the Shenwan Automobile Industry Index reached a low of 4281.57 points on April 27, it climbed all the way to 6917.95 points at the close on June 28, with a cumulative increase of 56.09%. Only 18.11%.

However, in addition to the overall market factors, the recent rising stock price of Changan Automobile is also related to the company's concept stocks of Huawei car building forces. After all, the company is also a joint venture automobile project in Changan, Huawei and Ningde (300750.SZ). The largest shareholder.

It is worth noting that following the daily limit of 20.35 yuan/share price on June 28, on June 29, Changan Automotive has reached the historical highest point since the listing of 21.43 yuan/share listing, but it was at 18.32 yuan/ The price of the stock falls. The staff of the Changan Automobile Securities Department responded that the company's production and operation was normal.

As of the closing of July 12, Changan Automobile closed at 16.55 yuan/share, and the current total market value was 164.206 billion yuan.

The stock price trend of Changan Automobile since its listing (yuan)

Data source: wind

The market is optimistic about Avita?

Under the favorable measures and preferential measures launched by major car companies, Wind data shows that the Shenwan Automobile Industry Index reached a low of 4281.57 points on April 27, 6917.95 points, the cumulative increase of 56.09%, the cumulative increase of the Shanghai Stock Exchange Index at the same time was only 18.11%. Among them, Changan Automobile's performance rose by 195.45%from April 27th to June 28th.

Regarding the recent performance of Changan Automobile's stock price, the industry generally believes that the expected development of Avita, a new energy vehicle brand of Changan Automobile, the capital market.

According to public information, Avita's predecessor was the "Changan Weilai New Energy Automobile Technology Co., Ltd." established by Changan Automobile and Weilai Automobile in July 2018. It was originally a strategic layout of Changan Automobile to cut into the new energy vehicle field. Essence In November 2021, the company was renamed Avita Technology Co., Ltd. In the same year, Avita conducted capital increase and shareholding, introducing shareholders such as Ningde Times and Fujian Fujian, but Changan Automobile's shareholding on Avita was also diluted from 95.38%to 39.02%. Avita said that it will develop independent and controllable smart electric connected automotive platforms (CHN) with Huawei and Ningde Times to position high -end new energy vehicle brands.

On June 25 this year, Avita 11, the first model under the CHN technology platform, appeared at the Chongqing International Auto Show for the first time on the same stage. Changan Automobile revealed at the auto show that the reservation has been opened and will be officially launched on August 8 this year. The first batch of delivery can be achieved during the year.

On the same day, Avita also signed a comprehensive strategic cooperation agreement with Huawei, which will create a series of high -end smart electric vehicle products based on the new generation of smart electric vehicle technology platform CHN, and continues to iterate. By 2025, 4 new models are launched.

In response to the above information, Huaxi Securities released a length of 106 pages on June 27, entitled "Changan Automobile: Autonomous upward, the first year of the electrical" new "departure", saying that the current main model of Changan's autonomous model is biased in the middle of the middle. Low -end, high cost performance, consumer groups are mainly concentrated in low -energy cities. With the improvement of subsequent UNI series and Avita brand power, high -energy cities have large penetration space. It is expected that the sales volume of Avita brand is expected to reach this year and next year, respectively. 10,000 and 80,000 vehicles.

Huachuang Securities also released a research report entitled "The Revitalization, Consciousness, and Reading of Changan" on June 27, saying that "in the past," the market paid less attention to Changan in the past and did not pay much attention. " Since this year, the company's new products, new energy, mid -to -high -end, and performance once again rejuvenate. " Huading Securities believes that about one -third of the target market value of Changan Automobile is a outlook for the development of new energy vehicle business represented by the company's new energy vehicle business, but this model has not been officially launched. In the first half of the year, car sales decreased by 6.25% year -on -year

In fact, Changan Automobile has not disclosed the order data of Avita 11, and there is no specific price and model configuration information on the official website of the official website. Between 300,000 and 500,000, it is a high -end product of Changan Automobile.

Nevertheless, after two months of stock price continued to rise, as of the close of June 28, Changan Automobile closed at 20.35 yuan/share, with a total market value of 201909 million yuan, successfully exceeded the 200 billion yuan market value mark, becoming in the history of A shares, becoming A -share history Following BYD, Great Wall Motors and SAIC Group, the fourth vehicle company reached 200 billion yuan.

However, on June 29, although the longest point since the long -term listing of 21.43 yuan per share in Changan Automobile's market, it finally fell at a price of 18.32 yuan/share on the same day. The staff of the Changan Automobile Securities Department said that the company's production and operation was normal. At noon on the same day, Changan Automobile also announced that the company's actual controller and unanimous actors decided to terminate the reduction plan in advance.

In terms of performance, the previous financial report shows that from 2018 to 2020, Changan Automobile achieved operating income of 66.298 billion yuan, 70.595 billion yuan, and 84.566 billion yuan, which maintained overall growth; 3.165 billion yuan, -4762 billion yuan and -3250 billion yuan, all negative in three years.

However, three years after a loss, in 2021, Changan Automobile finally achieved a turnover and achieved a profit. The net profit of the deduction of non -returnees throughout the year was 1.653 billion yuan. In addition, the profitability of the joint venture sector is generally good.

At present, Changan Automobile has not yet released the semi -annual report of this year, but according to the company's June production and sales express report released on July 8th, the company's cumulative car sales from January to June achieved a total of 11.258 million vehicles, a decrease of 6.25%year -on -year; independent brands achieved sales of 90 90 10,000 vehicles, a decrease of 6.79%year -on -year; independent passenger cars achieved 629,200 units, a decrease of 4.61%year -on -year, and the situation was generally not optimistic. However, the company's new energy sales in the first half of the year were 850,000 units, an increase of 127.26%year -on -year.

"Investment Times" researcher noticed that Changan Automobile proposed the development strategy of new energy vehicles as early as October 2017, and it was the first car company in the country to explain that it would stop selling fuel vehicles in full. ——In 2025, it will be fully suspended from the traditional fuel vehicle to achieve the electrification of the full -spectrum products. But at present, it is far from this goal.

Changan Automobile's production and sales data in June 2022

Data Source: Company Announcement

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