China Concept Stocks 3 minutes | Pinduoduo fell more than 6%; new energy auto stocks strengthened, ideal car rose nearly 14%

 E-commerce stocks fell, JD.com's U.S. stocks fell more than 7% after the performance, Alibaba fell nearly 1%; Weilai rose more than 2%, Xiaopeng Motors rose 5%; Baidu spent US$3.6 billion to acquire YY Live; Huanju Q3 adjusted Net profit increased by 64% year-on-year.

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On Monday, stimulated by the positive news of the vaccine, the three major US stock indexes collectively moved higher, with the Dow and S&P 500 both hitting record closing highs. Most of China's concept stocks closed up, with 168 rising and 102 falling.

The specific performance is as follows:

Among the large Chinese concept stocks, Alibaba fell 0.97%; JD.com fell 7.41%; Pinduoduo fell 6.12%; Netease fell 1.33%; Sina Weibo rose 2.35%; Pinduoduo fell 6.12%; Weilai rose 2.29%; Ideal Auto rose 13.94%; Xiaopeng Motors rose 5.02%; Baidu rose 1.9%; iQiyi rose 4.01%; Huanju Times rose 1.55%; Bilibili rose 2.35%; Tuniu rose 28.85%; Eggshell fell 9.27%.

The biggest gainers were CBAK Energy Technology, Shangwei Group, Tuniu, Canaan Technology, Ideal Automobile, and Litchi. Among them, CBAK Energy Technology rose 83.74%; Shangwei Group rose 29.18%; Tuniu rose 28.85%; Canaan Technology rose 23.68%.

The largest decliners were Eggshell Apartment , Wanchun Pharmaceutical, Dunxin Financial, JD, Zhongchao Medical, etc. Among them, Eggshell Apartments fell 9.27%; Wanchun Pharmaceutical fell 8.78%; Dunxin Financial fell 7.64%.

Quote source: Futu Securities>

Focus review

Jingdong Q3 revenue 174.2 billion yuan, US stocks closed down 7.4%

In the third quarter, Jingdong’s revenue increased by 29.49% year-on-year to 174.2 billion yuan (US$25.7 billion); non-GAAP net profit attributable to common shareholders was 5.6 billion yuan (approximately US$800 million) ), a year-on-year increase of 80.1%; after adjustment, each ADS revenue was RMB 4.7. The number of annual active user accounts increased by 32.1% year-on-year to 441.6 million, and the growth rate hit a new high in the past three years. After the results announcement, JD.com's US stocks fell sharply, closing down 7.4%.

Eggshell Apartments may declare bankruptcy, the official response: Do not believe in rumors

Learned from the newly resigned employees of Eggshell, Eggshell Apartments may declare bankruptcy. At present, the tenants of Hangzhou Eggshell Apartment have been disconnected from the Internet, the landlord of Shenzhen Eggshell Apartment has begun to drive away tenants, and the landlord of Wuhan Eggshell Apartment has begun to directly contact tenants to pay rent. In response to this, the official Weibo of Eggshell Apartment responded that, do not believe in rumors, and Eggshell Apartment has not gone bankrupt and will not run away. Eggshell Apartments closed down 9.27% ​​last day and rose 4.38% after the market.

Pinduoduo plans to issue US$1.75 billion convertible bonds and plans to issue 22 million ADSs

Pinduoduo announced that it intends to issue US$1.75 billion convertible senior bonds. The company will also give the underwriters of the bond issuance 30 days to exercise the over-allotment right to purchase an additional US$250 million in bonds. Based on this speculation, if the underwriter exercises the over-allotment right, Pinduoduo's convertible bond issuance will reach US$2 billion.

At the same time, Pinduoduo intends to publicly issue American Depositary Shares (ADS) through registered underwriting, totaling 22 million shares. The company will also give the underwriters 30 days to exercise the over-allotment right to subscribe for additional 3.3 million ADSs.

Pinduoduo said that the proceeds from the issuance will be mainly used to continue to reinvest in agricultural products, the "New Brand" (C2M) plan and technology research and development. Pinduoduo hit a record high last Friday, closed down 6.12% on Monday, and continued to fall after the market.

New energy auto stocks rose collectively, ideal car rose nearly 14%

Zhongge New Energy Automobile shares fluctuated on Monday. Ideal Motors rose 13.94%, Xiaopeng Motors rose 5.02%. Weilai had a huge intraday swing, which fell nearly 8% at one time. It closed up 2.29% on the same day. Citron is short and will announce its results after the US stock market today.

Huanju Q3 adjusted net profit increased by 64% year-on-year to 800 million yuan

Huanju announced its third-quarter results today. The financial report showed that Q3 total net revenue was 6.286 billion yuan (RMB, the same below), compared with 4.617 billion yuan in the same period last year, an increase of 36.1% year-on-year; non-US GAAP net profit from continuing operations It was 809.4 million yuan, a year-on-year increase of 64%; the net profit margin was 36.6%, compared with 1.3% in the same period in 2019. Mainly due to some of the proceeds from the sale of Huya investment. As of the end of September, the global average mobile monthly active users (MAU) fell 4.0% year-on-year to 390.1 million.

The company also announced that Baidu's wholly-owned acquisition of the domestic live broadcast business of Huanju Group has a total transaction value of approximately US$3.6 billion. The transaction is expected to be completed in the first half of 2021. Huanju closed up 1.55%, and rose more than 8% after the market.

Baidu's third quarter revenue was 28.2 billion yuan, a year-on-year increase of 1%

Baidu announced its third quarter financial report this morning. The financial report shows that in the third quarter of 2020, Baidu achieved revenue of 28.2 billion yuan, a year-on-year increase of 1%. Under non-US GAAP, net profit was 7 billion yuan, a year-on-year increase of 59%.

Shell’s Q3 net revenue increased by 70.9% year-on-year, GTV increased by 87.2% year-on-year

The third-quarter financial report showed that Shell’s Q3 net revenue was 20.5 billion yuan, a year-on-year increase of 70.9%; net profit was 75 million yuan, compared with 384 million yuan in the same period last year; adjusted net profit was 1.858 billion yuan, an increase of 598 million yuan over the same period last year 210.6%.

Looking ahead, Shell expects its total net revenue in the fourth quarter to be between 19.2 billion yuan and 20.2 billion yuan, a year-on-year increase of approximately 33.5% to 40.5%.

Risk warning: The views of the authors or guests shown above all have their specific positions, and investment decisions must be based on independent thinking. Futu will endeavour but cannot guarantee the accuracy and reliability of the above content, and will not bear any loss or damage caused by any inaccuracies or omissions.

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