The ideal car that has never won an online fight and has never lost in car sales has won another win thoroughly in the stock market today.
Last night, Ideal Automobile released its "strongest financial report in history". Stimulated by this news, the US stock price of Ideal Automobile surged 18.79% last night, reaching $41.34. Today, after the Ideal Automobile Hong Kong stock opened 15% higher, the stock price also rose by more than 18%. As of today, the total market value of Ideal Automobile has exceeded HKD 350 billion, far exceeding the other two new car making companies.
The performance and stock price of Ideal Automobile have both exploded, and the fund that holds the stock heavily is undoubtedly the most beneficial. According to Wind statistics, according to last year's Q4 report, over 70 funds have held Ideal Automobile, with a total of over 30 funds increasing their holdings and entering the market. Hurry up and see if there are any funds you hold.
Ideal Automobile's Hong Kong stock rose by over 21% during the trading session
Last night, the US stock market of Ideal Automobile surged by 18%, and today it is the turn of the Hong Kong stock market to soar. By the end of the afternoon trading session, Ideal Motor Hong Kong's stock had risen by a maximum of 21%, thanks to the company's "best ever financial report" released last night.
According to Ideal Automobile, its total revenue for the fourth quarter of 2023 was 41.73 billion yuan, an increase of 136.4% from 17.65 billion yuan in the fourth quarter of 2022 and 20.3% from 34.68 billion yuan in the third quarter of 2023.
In terms of net profit, Ideal Automobile's net profit in the fourth quarter reached 5.75 billion yuan, an increase of 104.5% from 2.81 billion yuan in the third quarter, almost contributing half of the annual net profit. This is also the fifth consecutive quarter in which Ideal Automobile has maintained positive profitability. In 2023, Ideal Automobile achieved a net profit of 11.81 billion yuan, marking the first annual profit. However, in 2022, Ideal Automobile suffered a net loss of 2.03 billion yuan.
The significant increase in performance is mainly due to the significant increase in the delivery volume of Ideal Cars. In the fourth quarter of last year, Ideal Automobile delivered a total of 131800 vehicles, an increase of 184.67% from 46300 vehicles in the same period in 2022.
"In the fiercely competitive new energy vehicle market of 2023, Ideal Automobile achieved excellent results with three models of the L series, with a year-on-year increase of 182.2% in delivery volume, reaching 376000 units, becoming the sales champion of new energy vehicles worth over 300000 yuan in the Chinese market," said Li Xiang, Chairman and CEO of Ideal Automobile.
Looking ahead to the first quarter of 2024, Ideal Automobile expects its revenue to reach 31.25 billion to 32.19 billion yuan, a year-on-year increase of 66.3% to 71.3%; The expected delivery volume is 100000 to 103000 vehicles, a year-on-year increase of 90.2% to 95.9%.
Looking ahead to 2024, the flagship model MEGA of Ideal Automobile and the 2024 Ideal L7/L8/L9 will be launched on March 1st, seeking further increase in delivery volume.
In addition, the Ideal L6 will also be launched in the second quarter of this year, making it the lowest priced product under the Ideal Automobile brand. However, Li Xiang revealed, "Looking ahead to five years, Ideal does not have a car model plan below 200000 yuan. By 2030, with its pure home user market, Ideal may be able to approach the global revenue performance of the iPhone."
After the opening this afternoon, Ideal Automobile Hong Kong stock continued to expand its gains, with a maximum increase of 21.8% and a total market value of HKD 361.6 billion.
In contrast, NIO's Hong Kong stock market rose slightly by 2.2% today, with a total market value of HKD 77.2 billion. Xiaopeng Motors rose 3.6%, with a total market value of HKD 68.1 billion.
Which funds are ideal for adding positions?
Ideal Automobile is undoubtedly the big winner in the new energy vehicle market, with an annual increase of 91% last year. Since the beginning of this year, although it fell by nearly 28% in January, it surged by over 60% in February, and the annual increase has reached nearly 16%. So, which funds significantly increased their holdings of Ideal in the fourth quarter of last year?
According to Wind statistics, as of the end of last year, the number of funds holding Ideal Automobile reached 72, an increase of 7.46% compared to the end of the third quarter. Among them, there were 23 funds that increased their holdings, 19 funds that decreased their holdings, and an additional 24 funds that newly acquired Ideal Automobile.
Specifically, products under Jiashi Fund have the most positive attitude towards Ideal Automobile. Among them, Jia Shi Power Pioneer, managed by Yao Zhipeng, held 1.47 million shares of Ideal Automobile at the end of the fourth quarter of last year and increased its holdings by 420000 shares, accounting for a high proportion of 9.68% of the net asset value. He managed Jiashi Foresight Pioneer for one year, Jiashi Era Pioneer for three years, and Jiashi Industry Pioneer all invested heavily in Ideal Automobile.
Another product of Harvest, the core asset of Harvest's Hong Kong stock Internet industry, was the purchase of 710000 shares of Ideal Auto in the fourth quarter of last year, making it the second largest stock, accounting for 9.72% of its net worth.
In addition, in the fourth quarter of last year, there were funds that increased their holdings or made new purchases, including Xingquan Hexing, which bought 538300 shares; Guotou UBS opened its perspective and selected 536900 shares for purchase; Xin'ao Xingyi purchased 486600 shares; Jiashi Hong Kong Stock Connect added 337400 shares to the new economy.
In terms of the total number of shares held by Ideal Automobile, Xinao New Energy Select holds 2.9787 million shares, ranking first. In addition, there are 7 funds holding over 1 million shares of Ideal Automobile.
Li Bo, a fund manager selected by Xinao New Energy, stated in last year's fourth quarter report that in the new year, he is optimistic that leading domestic vehicle manufacturers will quickly seize market share of joint venture brands in the high-end car market of over 200000 yuan, relying on the maturity of electrification, improvement of charging infrastructure, and breakthroughs in intelligent driving functions. Among them, pure electric route car companies may have greater flexibility.
Can we replicate last year's trend?
Although the above-mentioned funds heavily hold Ideal Automobile, their performance has generally not been ideal since last year, as most of them are focused on stocks in the new energy sector. Can the new energy theme fund perform well again this year? Industry insiders believe that if the stock price of Ideal Automobile can experience the strong trend of the first three quarters of last year, then funds that heavily invest in the stock will inevitably benefit from it.
On May 11th last year, after the release of the 2023 first quarter report, Ideal Automobile's Hong Kong stock price also opened up significantly, and ultimately rose 17% on the same day, which is very similar to today.
More importantly, it is not that the performance is "blind to death". After the sharp rise in the stock price on that day, the strong main upward trend of Ideal Automobile continued until August 7th, with a cumulative increase of 87%, and it set a new historical high of HKD 185.5 for the Hong Kong stock of Ideal Automobile. Today, it is worth looking forward to whether Ideal Automobile can reproduce the scene from last year after another surge in prices.