20:03[my country’s automobile production and sales hit a record high, UBS released the latest forecast data, and institutions expect many stocks to rise sharply]Data released by the China Association of Automobile Manufacturers today shows that in 2023, my country’s automobile production and sales will both exceed 30 million units for the first time. , a record high. In 2023, my country’s automobile production and sales will complete 30.161 million units and 30.094 million units respectively, a year-on-year increase of 11.6% and 12% respectively.
According to the latest forecast from UBS Group, Chinese automakers are expected to sell 5 million vehicles overseas in 2024, with most of the demand coming from developing markets such as Southeast Asia. This will firmly establish China as the world’s largest auto exporter. status.
Since 2023, automobile stocks have risen by an average of 5.02%, and the overall performance has been stronger than the market. Yutong Bus, Thalys and Jiangling Motors have performed outstandingly, rising by 125.39%, 71.42% and 53.36% respectively since 2023.
In terms of sales in 2023, the five listed vehicle companies with a current market value of over 100 billion yuan have all achieved outstanding sales results. BYD’s annual sales reached 3.0244 million vehicles. Taking advantage of the year-end sprint in December last year, it successfully completed the target set at the beginning of the year. Annual sales target of 3 million vehicles. Great Wall Motor achieved annual vehicle sales of 1.231 million units, a year-on-year increase of 15.3%; SAIC Motor sold 5.02 million complete vehicles throughout the year, ranking first in the country for 18 consecutive years. Its vehicle sales in the four quarters were 890,000 units and 1.18 million units respectively. million vehicles, 1.31 million vehicles and 1.64 million vehicles, achieving “consecutive increases quarter-on-quarter”; Changan Automobile’s full-year sales in 2023 were 2.553 million vehicles, a year-on-year increase of 8.8%; the cumulative annual sales of Cyrus vehicles have reached 106,700 vehicles. A year-on-year increase of 33.31%, of which sales in December last year were 31,500 vehicles, and monthly sales exceeded 30,000 vehicles for the first time, setting a record high.
Among vehicle stocks, Yutong Bus has been the first to release a performance forecast. The company expects net profit attributable to its parent company to be 1.4 billion to 1.9 billion yuan in 2023, a year-on-year increase of 85% to 150%. Yutong Bus sales in 2023 will be 36,500 units, a year-on-year increase of 20.93%. The company’s export business continued to develop, with export sales reaching 10,165 vehicles, a year-on-year increase of 78.87%.
Among the remaining stocks that have not released performance forecasts, according to the forecast data of more than 5 institutions, there are 7 stocks including BYD, Changan Automobile, Cyrus and JAC Automobile, whose performance in 2023 is expected to increase significantly. (Data treasure)
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