Tencent Securities News on November 12, China's concept stocks mostly rose in early trading on Thursday, of which 142 rose and 115 fell. E-commerce stocks, new energy auto stocks and education stocks surged. Among the well-known Chinese concept stocks of
, Alibaba rose 0.5%; Baidu rose 1.2%; Jingdong rose 7.3%; Netease rose 1.38%; Sina rose 0.12%; Sina Weibo fell 0.36%; Pinduoduo rose 19.94%; Qu Toutiao rose 1.76 %; Weilai rose 6.64%; iQiyi rose 0.98%; Thunder rose 2.2%; Momo fell 0.69%; Huanju Times rose 0.06%; Huya rose 3.83%; Bilibili rose 1.4%; Good Future rose 3.3% ; Youdao rose 4.9%; Anbo Education rose 5.3%.
China Global Shipping, Infinite Thinking, Pinduoduo, Zhongchao Medical, Xiaopeng Motors, Yuhui Sunshine, Ideal Auto, Jiufu, Pearl Cargo, Greenland Technologies Holding Corp and other 10 stocks have the largest gainers, of which China Global Shipping Business rose 35.75%; Sixiang unlimited rose 31.03%; Pinduoduo rose 19.82%; Zhongchao Medical rose 19.59%; Xiaopeng Motors rose 12.65%.
Yangtze River Port Logistics, Wuhan General Motors, Airnet Technology Inc, Smart Selection, KBS Apparel, Uklink, China Boya, China Telecom, AMC Cinemas, Pele Petroleum and other 10 stocks were among the top decliners, of which Yangtze River Port Logistics fell 8.73% ; Wuhan General Motors fell 5.5%; Airnet Technology Inc fell 5.41%; Hui Select fell 4.57%; KBS apparel fell 4.44%.
's recent news about China's concept stocks is as follows:
Pinduoduo achieved revenue of 14.209 billion yuan in the third quarter, an increase of 89% year-on-year, exceeding market expectations of 12.205 billion yuan. According to non-US GAAP, Pinduoduo's net profit was 466.4 million yuan, which is the first quarterly profit of Pinduoduo two years after listing. In the third quarter, the average monthly active users of the Pinduoduo APP reached 643.4 million, an increase of 74.6 million in a single quarter, an increase of 50% year-on-year, and the usage time has accounted for 41% of the total user time of all e-commerce service platforms in China, compared with 2 34% in the quarter increased significantly by 7 percentage points.
In the third quarter, Xiaopeng Automobile’s revenue was 1.99 billion yuan, exceeding the expected 1.9 billion yuan, of which auto sales revenue increased by 376% to 279.6 million US dollars, mainly due to the large-scale delivery in late June this year and the P7 delivery speed accelerate. The profit margin of the automotive business was 3.2%, compared with -10.8% in the same period last year. Xiaopeng expects deliveries of more than 10,000 vehicles in the fourth quarter and revenue of 2.2 billion yuan.
Xunlei Group’s Q3 business revenues totaled US$43.7 million, a decrease of 1.4% from the previous quarter, with a net loss of US$1.5 million and a loss of US$11.8 million in the previous quarter.
SEC documents show that China Global Shipping has signed a securities purchase agreement with a non-US buyer, agreeing to issue 860,000 additional Class A convertible preferred shares (at a price of US$1.66 each) and warrants (1.032 million ordinary shares can be purchased after exercise share). The transaction was completed on November 9, and China Global Shipping received a net income of approximately US$1.43 million.
