Huawei's concept stocks continue to be active, and Shenglong Holdings has won 12 consecutive boards
Recently, Huawei's automotive concept stocks have been highly sought after in the A-share market, with multiple stocks hitting historic highs. On
October 23rd, Huawei's automotive concept stocks strengthened again. As of the close, Shenglong Shares (37.880, 3.44, 9.99%) and Yinbaoshan New
(7.190, -0.22, -2.97%) in the sector rose by the limit, while the automotive ETF rose nearly 2% in the lower trading session, boosted by heavy holdings.
Industry insiders believe that in the long run, there is still huge room for improvement in China's automobile sales, which will continue to drive the
high-speed growth of the automotive industry.
Shenglong Shares 12th Board
On October 23rd, Huawei automotive concept stocks bucked the trend and surged. Shenglong Shares and Yinbaoshan's new limit up; Tianyin
Electromechanical (16.980, 0.87, 5.40%) opened its trading limit in late trading and closed up 14.66%; Selis (82.830, -2.43, -2.85%) rose by over 5%,
while Sanlian Forging (37.410, 1.22, 3.37%) and Yihua Shares (33.800, -0.66, -1.92%) followed suit and rose by over 4%.
Since September 28th, Shenglong Shares has been raising its limit all the way up. As of yesterday's close, the stock has achieved 12 limit up boards,
and its stock price has repeatedly reached historical highs. According to Choice data, as of yesterday's close, Shenglong Shares closed at 34.44 yuan
per share, with a market value of over 8.1 billion yuan.
However, contrary to its impressive stock price performance, Shenglong's performance in the third quarter saw a "halving". On the evening of October
22nd, Shenglong Co., Ltd. disclosed its performance report for the first three quarters. During the reporting period, the company achieved a revenue
of 1.051 billion yuan, a year-on-year decrease of 3.16%; The net profit attributable to shareholders of the listed company was 35.314 million yuan, a
year-on-year decrease of 53.21%; After deducting non recurring gains and losses, the net profit was -4909400 yuan, a year-on-year decrease of
108.31%.
On the news, recently, Huawei and Celes collaborated to launch a new M7 model, which surprised the market and caused a "huge wave" in the
automotive industry. The Huawei automotive industry chain has erupted.
