News

Financial Performance Expectations: GWMOTOR anticipates a net profit of RMB9.912 billion for 2025, reflecting a 21.7% decrease year-over-year, with a basic EPS of RMB1.16.
Revenue and Profit Projections: The company expects total operating revenue to increase by 10.2% YoY to RMB222.79 billion, while operating profit is projected to decline by 17.3% YoY to RMB11.459 billion.

Cost Pressure on Chinese Automakers: HSBC Global Research predicts that rising raw material prices, particularly for metals and memory, will significantly increase production costs for Chinese automakers, especially electric vehicle manufacturers.
Impact of Raw Material Prices: The surge in lithium prices and other materials could raise vehicle costs by RMB3,000-5,000, with additional increases from memory prices potentially adding RMB1,000-3,000.
Stock Resilience: HSBC identifies BYD COMPANY and GWMOTOR as relatively resilient to rising costs, while FUYAO GLASS is expected to be less affected by increased material prices.
Target Prices for Stocks: The target prices set for BYD COMPANY, GWMOTOR, and FUYAO GLASS are HKD139, HKD21.6, and HKD91.2, respectively, with all three stocks rated as Buy.

Stock Performance: GWMOTOR (02333.HK) experienced a decline of 4.542%, with short selling amounting to $149.30 million and a ratio of 36.382%.
Employee Stock Ownership Program: The company announced that its 2025 employee stock ownership program has progressed to the substantive execution phase, with 418,000 A-shares transferred to the program account at a price of RMB21.83 per share.
Share Capital Impact: The transferred shares represent approximately 0.005% of GWMOTOR's total share capital.
Market Data Note: The stock quote for HK stocks is delayed by at least 15 minutes, and the short selling data is current as of January 26, 2026.

Stock Performance: XPeng (XPEV.US) and other automotive stocks like BYD and Geely Auto are rated as "Buy," with varying target prices and short selling ratios indicating market activity and investor sentiment.
Market Predictions: CICC forecasts changes in the Hang Seng Index, suggesting new constituents like ZIJIN GOLD INTL and BEONE MEDICINES, while Standard Chartered may replace Hang Seng Bank.
Industry Insights: UBS highlights high growth targets for the Chinese auto industry, focusing on exports and intelligence, while JPMorgan anticipates a slow start for auto sales in the first quarter.
Sales Forecast Adjustments: Citi has revised its sales forecast for Li Auto, projecting a decrease for 2026-27, while maintaining a hold rating for both Li Auto and Nio.

CMBI's Sales Forecast: CMBI maintains a forecast for a 0.1% YoY decline in retail sales and a 2.9% YoY increase in wholesale sales of passenger vehicles in China, influenced by disappointing sales data from late last year.
New Energy Vehicles Adjustments: The growth forecast for new energy vehicles has been revised down to 12.6% for retail and 15.1% for wholesale sales due to stricter trade-in subsidy requirements.
Earnings Forecast Changes: CMBI has lowered its 4Q25 earnings forecasts for several automakers, including GWMOTOR, XPENG-W, LEAPMOTOR, and GAC GROUP, due to poor sales performance.
Positive Outlook for BYD and Others: Conversely, CMBI raised earnings forecasts for BYD, NIO, and LI AUTO, while maintaining its forecasts for GEELY AUTO, which it selected as a top pick with a Buy rating and a target price of HKD25.
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