Huawei'S "Car Selling" A-Share "Circle Of Friends"

The news of Huawei's "car sales" stirred up the "spring water" of the auto industry, and also made the A-share related plates usher in carnival, thus the birth of Huawei's automobile concept stocks.

Among them, the most eye-catching is Xiaokang shares (601127. SH). Since April 19, Xiaokang shares have recorded three trading limits in four trading days and closed at 34.74 yuan on April 22.

On April 20, Huawei announced the launch of Huawei smart select sF5, a new ecological product of Huawei, with auto brand Cyrus, and officially settled in Huawei's flagship store. Cyrus sF5 is Huawei's first appearance after entering the auto industry, and Xiaokang shares is its manufacturer.

Prior to Cyrus sF5, Huawei and the high-end brand Jihu, a high-end brand of BAIC new energy, jointly released the hi version of Jihu alpha s Huawei. The vehicle first took Huawei's Hongmeng OS intelligent interconnection system, which won the market's attention.

For a time, investors have flocked to a shares to find the relevant investment target. The reporter of 21st century economic report noted that recently, on the interactive platform of Shanghai and Shenzhen stock exchanges, investors' questions about whether to reach cooperation in the automobile field with Huawei have been thrown to various listed companies. Eliminating the false and retaining the true is the key.

Huawei has always been a benchmark in the industry, and the target of mobile phone industry chain has always been sought after by funds. What investment opportunities does this layout of automobile industry contain? What are the profound effects?

Huawei automotive industry chain

In a large number of Huawei automotive concept stocks, BAIC Blue Valley (600733. SH) is the most eye-catching target, and BAIC new energy is its subsidiary.

On April 21, BAIC bluevale introduced on the interactive platform that its HBT model cooperating with Huawei will carry new Huawei intelligent vehicle solutions, including intelligent driving, intelligent cockpit, intelligent electric, intelligent network connection and intelligent vehicle cloud. The HBT model will adopt the most advanced three lidar loading scheme, which will simultaneously carry 6 millimeter wave radars, 12 cameras, 13 ultrasonic radars, and Huawei chips with a computing power of 352tops.

In fact, as early as 2019, BAIC new energy signed a comprehensive business cooperation agreement with Huawei to jointly establish "1873 Davidson innovation laboratory" to jointly develop the next generation of intelligent networked electric vehicle technology. BAIC new energy said that it will "from hard to soft" and pay more attention to research and development at the software level.

According to the information disclosed at present, Huawei's automotive solutions include on-board operating systems, on-board chips, etc., especially software support, which gives a number of software partners a chance to show their face.

The 21st century economic reporter found that Runhe software (300339. SZ) has participated in the cooperation of Huawei's intelligent vehicle solutions, including intelligent driving, intelligent car cloud, intelligent electric, etc., but the company stressed that the above cooperation has not had a significant impact on the company's revenue. Gaohong Co., Ltd. (000851. SZ) has cooperation with Huawei on Internet of vehicles, mainly focusing on standards and industrial promotion. High beam software (002063. SZ) cooperates with Huawei to promote information innovation related work.

In terms of on-board chips, Huayang Group (002906. SZ) said that in the field of intelligent driving, there are fixed-point projects for APA based on Huawei Hisilicon chips, and other cooperation with Huawei is in progress.

There are also some manufacturing enterprises in the industrial chain to supply the above-mentioned two cars, taking this opportunity to gain market attention.

The typical one is Changshu auto decoration (603035. SH). The company is the interior supplier of Jihu, and recently obtained the Sanlian plate. Xiangxin Technology (002965. SZ) mainly supplies CNC sheet metal parts and metal structural parts to China. New Asia process (002388. SZ) mainly provides electronic tools, instruments, equipment and other supporting sales and after-sales services. Landai Technology (002765. SZ) has "rubbed" a wave of hot spots in Xiaokang shares. It said that it has supplied automobile transmission assembly and automatic transmission parts and other products to Xiaokang stock for many years.

In fact, some large auto companies have already cooperated with Huawei. Changan Automobile (000625. SZ) announced on the interactive platform that the company, together with Huawei and Ningde times, will jointly build an international first-class intelligent electric vehicle platform, and the future oriented high-end intelligent electric vehicle will be launched soon. GAC group (601238. SH) said in a recent media interview that "GAC is the first to cooperate with Huawei to achieve 5g on board, and Huawei's earliest 5g chips have been bought by us", and will jointly build a real driverless car for L4 class with Huawei, which will be put into production in 2024.

On April 21, 2021, customers will experience Huawei's smart choice sF5 in Huawei's flagship in Shanghai. Visual China

Cold thinking on the concept stocks after "tide ebb"

The market has been looking for the relevant target, Huawei automotive concept stocks are surging, but it seems that the momentum is insufficient.

On April 21, Xiaokang shares fell after two consecutive rises, and it was only on April 22 that the limit was recorded again. BAIC Blue Valley fell more than 6% on April 22 after rising sharply for three consecutive days.

And these two companies in this round of market performance is the best, behind the performance is not satisfactory.

The net profit of Xiaokang shares in 2020 is expected to be 1.38-1.78 billion yuan. In its recent Clarification Announcement, it said that the marketing channel of Cyrus is to cooperate with the normal production and operation of a third party. Both parties jointly sell through online and offline channels, and there is no mandatory sales guarantee arrangement, and relevant fees are charged according to market practice. The sales volume of the new model is determined by the market situation, which has certain uncertainty and has an impact on the company's performance.

In addition, Xiaokang shares stressed that although the new energy vehicle market has broad prospects, new competitors are emerging in the new energy vehicle industry, and new products are constantly introduced. The company is faced with the risk of intensified industry competition. Investors should pay attention to the investment risk.

The problem with BAIC Blue Valley is that sales volume has fallen against the trend. In January this year, the company produced 594 vehicles, a year-on-year decrease of 62.92%; Sales volume of 1072 vehicles decreased by 46.56% year on year. In February, the output of BAIC Blue Valley reached 323 vehicles, a year-on-year decrease of 50.62%, and the sales volume of 1012 vehicles, a year-on-year decrease of 30.72%.

On April 22, a person from an organization told the reporter of the 21st century economic report that "at present, most of Huawei's automobile concept stocks are still in the stage of speculation, and the industrial chain companies have not been stable and basically haven't produced in volume. In the future, only by truly fulfilling the performance and getting orders from Huawei can it be said that it has investment value. "

The person further said that in the long run, Huawei's automotive concept is indeed a sector worthy of attention“ On the one hand, the new energy sector itself is the investment outlet of a shares, representing the direction of innovation in the automotive industry; On the other hand, with the support of Huawei Technology, it has its own halo. As the penetration rate of Huawei's intelligent automobile products increases, the matching quantity of relevant companies in its supply chain will increase. "

Back to Huawei itself, as far as its terminal business is concerned, this move into the field of intelligent vehicles is not only the general trend but also the business strategy. People in the industry generally believe that it will have a profound impact on the industry.

Zhang Xiaorong, President of the Institute of deep science and technology, former senior vice president of a securities firm and chief Internet analyst, said, "Huawei's mobile phone business is under pressure. Huawei's consumer business department has entered smart cars in accordance with the established strategy. Relevant products are mature and it's time to enter the market. The intelligent automobile business should undertake the main revenue task as soon as possible, and realize the leap from 10 billion to 100 billion. "

In Zhang Xiaorong's opinion, Huawei's first advantage lies in automobile chips. From the perspective of national security, if Sino US relations are tense, Huawei's auto chip share is expected to expand rapidly.

An industry person in the field of new energy told reporters, "Huawei's operating system and software strength are the core of its development. Building and selling cars together is no longer a zero sum game, but a win-win situation. The multi series industrial chain extended and expanded from this is worth looking forward to. As the core brain of electric intelligent vehicles, the intelligent network operation system will become an important competitive link of various manufacturers. "

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