EqualOcean

EqualOcean

NIO delivered 7,931 vehicles in July 2021, up 124.48% year-on-year, down 2% month-on-month. ● We estimate NIO's 2022 revenue to show the value of the stock. ● The methodology includes a car sales forecast and average selling prices. ● Our evaluation indicates that the stock is currently fairly priced. ● None of the currently acute regulatory risks apply to NIO. ...

EqualOcean

Striving to vertically integrate its business, the company has been preparing for a major boost. ● Farmmi has a long record of unstable financial performance. ● The company's solid supply chain system and business model can integrate online and offline platforms and trigger potential future growth. ● Along with the public's increasing health awareness, Farmmi can...

EqualOcean

Li Auto added more than 10,000 orders in June, a record high, the company previously said. Li Auto delivered 8,589 units of the Li ONE in July, the first time deliveries exceeded 8,000 units in a single month, up 251.3 percent year-over-year and 11.4 percent from June. Li Auto currently has only one model, the Li ONE, on sale, with total deliveries of 38,743...

EqualOcean

The company plans to have the P5 officially available in the third quarter of 2021, with deliveries expected in the fourth quarter of 2021. XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June. The company's flagship sedan, the P7, delivered 6,054 units in July, the highest...

EqualOcean

NIO's local counterparts, XPeng Motors and Li Auto delivered 8040, 8589 vehicles, respectively, in July. NIO delivered 7,931 vehicles in July, up 124.48 percent year-over-year and down about 2 percent from June. The deliveries consisted of 1,702 ES8s, 3,669 ES6s, and 2,560 EC6s. NIO has completed the delivery of 49,887 units in 2021, exceeding last year's...

EqualOcean

On July 7, 2021, the company was listed on the main board of the Hong Kong Stock Exchange under the code '9868.' ● We estimate Xpeng's 2022 revenue to show the value of the stock. ● The methodology includes the forecast of sales of P7, G3&G3i and the upcoming P5 and SUV models. ● The results indicate that the stock is currently fairly priced. ● ...

EqualOcean

The game streaming and esports industry is experiencing rapid growth worldwide. China, with the largest gaming and esports community in the world, is anticipated to hold a significant market share. The most prominent Chinese companies in the game streaming and esports industry are Huya (HUYA:NYSE) and DouYu (DOYU:NASDAQ), which together control 80% of the...

EqualOcean

On July 7, 2021, the company was listed on the main board of the Hong Kong Stock Exchange under the code '9868.' We estimate Xpeng's 2022 revenue to show the value of the stock. The methodology includes the forecast of sales of P7, G3&G3i and the upcoming P5 and SUV models. The results indicate that the stock is currently fairly priced Risks primarily come...

EqualOcean

On July 27, Tesla released its financial report for the second quarter of 2021. According to the latest financial statements, in Q2 2021, Tesla achieved a revenue of USD 11.96 billion, up 98% year-on-year and a net profit of USD 1.62 billion, surging 258% year-on-year. Its revenue increase nearly ten times that of the same period last year, which was the first...

EqualOcean

The popular fresh on-demand e-commerce platform has built its competitive strength in just three years. Dingdong Maicai has maintained a high growth over recent years, achieving the largest GMV and user base in the sector. High fulfillment and marketing costs, increasing competition between top players and a somewhat fragile business model are the main...

EqualOcean

BOE expects to achieve a net profit of CNY 12.5 billion to CNY 12.7 billion in the first half of 2021, with a year-on-year growth of 1001% to 1018%. On July 13, BOE Technology Group Co., Ltd. (BOE) released its 2021 semi-annual performance forecast. According to the announcement, the basic earnings per share are expected to be about CNY 0.355 to CNY 0.361, 13...

EqualOcean

The second-hand 3C platform is among the most promising businesses in the space in China. On June 18, 2021, Aihuishou was listed on NYSE under the ticker RERE by issuing 16.23 million American Depositary Shares (ADS). According to the company, 60% of the funds raised in the IPO will diversify services, and expand its AHS store network and sales. 20% will be used...

EqualOcean

China's Internet giants – Baidu, Alibaba and Tencent – have now all joined the semiconductor design race. On July 14, Tencent (00700:HK) posted multiple positions for AI chip development-related roles on its official recruitment website. These include chip architects, chip verification engineers, chip design engineers, which were all posted under the Tencent...

EqualOcean

China's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in...

EqualOcean

China's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in...

EqualOcean

On July 4, Chinese chipmaking giant SMIC announced that the company's vice president of R&D and its core technician, Dr. Jingang Wu, has recently applied for resignation due to personal reasons. He will no longer hold any position in the company. According to the recent statement of China's largest foundry SMIC (688981:SH, 00981:HK), the company's R&D work...

EqualOcean

Li Auto delivered a record 7,713 units of the Li ONE, the company's only model, in June. That's up 320.6 percent from a year ago and 78.4 percent from May, according to data released Friday by the company. Li Auto added more than 10,000 new orders in June, an all-time high, the company said. In the second quarter of 2021, Li Auto delivered a total of 17,575...

EqualOcean

On July 4, the Cyberspace Administration of China (CAC) ordered app stores to stop offering the Didi app. China's cyberspace regulator banned Didi from app stores on July 4, owing to the illegal collection of users' personal data. The CAC had requested Didi to rectify the existing problems in strict accordance with the legal requirements, protecting users'...