Today, A-shares and Hong Kong stocks continue to start the "miserable" mode, while the three major U.S. stock indexes with huge bubbles on the other side of the earth have all risen sharply. The familiar "taste" of China is back.
BYD, which has thick eyebrows and big eyes, issued a pre-profit announcement with an annual net profit of 30 billion yuan. But the market doesn't buy it, **price A shares**363%, and more than 4% for Hong Kong stocks**. BYD has earned more than 30 billion yuan, and it is the best auto company in China, why don't shareholders buy it?
The reason is very simple, in the fourth quarter of 2023, BYD's net profit declined. The reason is that the fourth quarter was fierce, which dragged down profits. A few days ago, Tesla also lowered its growth forecast in 2024, causing the entire new energy vehicle industry to "worsen the situation".
Here's my opinion on this:
The new energy vehicle industry will still be fiercely warned, and the pressure on profitability is huge. At present, there are more than 30 brands in the entire new energy vehicle market. Xiaomi has also joined in, and it is said that **360,000 up.
At present, the new energy vehicle market is basically homogeneous competition, just like the Android mobile phone market back then. Battery, electronic control, motor, and electric technology are all the technologies of the top businessmen, and most of the car factories are assembly plants. The only place that reflects the individuality is the shell, and of course the shell is basically on par with Tesla and Porsche.
Therefore, if you want to seize the market, you will inevitably launch a first-class war. The ** battle in 2024 will be even more fierce.
2. Enterprises that continue to lose money, such as Cialis and the like, will be more difficult. A few days ago, I wrote an article "Huawei's blessed Cialis loses another 5 billion!" Zhang Xinghai: Can you understand Cialis? talked about the annual output of 100,000 cars of Cialis, and the loss of 5 billion yuan, and the stock price bubble was huge.
Cialis will sell 100,000 vehicles in 2023, with a market value of more than 100 billion yuan. Moreover, it is difficult for Cialis to quickly achieve an annual output of 500,000 units, which is the threshold for the profitability of trams. Therefore, it is difficult to reverse the loss situation of Cialis.
With the intensification of the ** war, it is difficult for Cialis, which is labeled as Huawei, to continue to maintain the ** character. It's also devastating for the bottom line.
3. If you are not optimistic about the development of Xiaomi Automobile, Lei Jun may have to make a mistake. Lei Jun is good at grasping the outlet. In 2012, he made a mobile phone and stood on the tuyere of 4G and Internet mobile phones. The tuyere of new energy vehicles was four years ago, and now it is the Red Sea stage.
Moreover, it is extremely difficult to make a profit from new energy vehicles, and the investment is huge. Unlike Xiaomi mobile phones, which grabbed the jackpot of Internet mobile phones, Xiaomi cars belong to leftovers. How to quickly increase sales to the level of NIO and XPeng?
NIO lost 10 billion yuan a year, and now it only sells 160,000 cars a year, and there is no end in sight to the loss. Therefore, Xiaomi cars may cause huge losses for Xiaomi. Lei Jun's decision is extremely risky.
Finally, let's talk about today's market situation. From the domestic and external point of view, there is no major negative news, but**but**but**, what is the cause of this?
I think it's normal.
liquor sector**, because the liquor market is sluggish and the valuation is high;
Photovoltaic**, because of TCL Zhonghuan's profit**, even lost money in the fourth quarter, resulting in the failure of the profit expectation of the entire photovoltaic panel;
BYD's net profit declined in the fourth quarter, and the battle is expected to be more fierce in 2024, resulting in the entire new energy vehicle sector.
The leader of the gem - CATL**, reflects the fierceness of the battery war and the slowdown in the growth of the new energy vehicle market.
But everyone can see that even if it is a loss of 5 billion yuan, today's turnover is still as high as more than 2 billion yuan. This shows that money is still fighting for these hot stocks, resulting in a money-starved market even more money-starved.
I've talked to you about a few numbers earlier. There are a total of 6,000 in the United States, facing global enterprises. There are more than 5,300 Chinese A-shares and more than 2,600 Hong Kong stocks, a total of 8,000**, facing the Chinese market.
China** is the market with the highest financing, the market with the least delisting, and the market with the most losses for shareholders.
Therefore, it is necessary to speed up the delisting mechanism and reduce the number of listed companies. If there are only 4,000 listed companies in A-shares and Hong Kong stocks, I believe the Shanghai Composite Index can rise by 10,000 points.
Immature investors also exacerbate market volatility, because everyone is fighting in junk stocks and can't understand the value of the company at all.
Since it is impossible to reduce the number of listed companies through management means, the hand of the market will make a decision, that is, to let these unprofitable and non-future enterprises continue to be the first until shareholders cut their meat and leave the market and become dead stocks.
is still the same sentence, ** has ushered in a major turning point, continue to carve the boat for the sword, the consequence is to lose the whole game. Pay attention to the heart of the rock and watch the daily stock commentary.