After the market closed on August 1, Bidiya issued an announcement.
Chen Xi is seen in Trading Room.
The wording of the announcement is much milder than the text of the semi-annual report, with only a few sentences at its core -
"In the first half of 2018, despite the impact of the subsidy reduction policy, the sales volume of the Group's New Energy cars still increased by 121.06% year-on-year to approximately 75,800 units, and the sales volume once again ranked first in the world.
According to data released by China Association of Automobile Manufacturers, BYD's market share in the New Energy automotive field is approximately 18.3%.
The market share in the New Energy passenger car field is 20.3%, and the market share has reached a record high.
The withdrawal of subsidies will only affect short-term profits, but will have little long-term impact on Bidiya's business."
Chen Xi After reading the announcement, he leaned back in his chair and said nothing.
Su Wantang stood behind her and also saw the content on the screen.
"18.3% market share, record high."
Su Wantang said, "This number is more important than the profit in the semi-annual report."
Chen Xi nodded.
"The market only saw a loss of 673 million after non-exemption, but did not see a doubling of sales and a new high in market share.
By the time they react, the stock price will not be what it is today."
That night, people in Snowball and Stock Bar began to support BYD.
A big V who is certified as a "professional investor" posted a long post with the title "Bidiya: The worst is over."
The post read, "The half-year report deducted a non-loss of 673 million, and the market was in panic.
But several details have been overlooked--
First, New Energy car sales increased by 121% year-on-year, with a market share of 18.3%, a record high.
Second, in July, New Energy vehicles sold 18,000 units, surpassing fuel vehicles for the first time.
Third, orders for Yuan EV360 exceeded 25,000 units within two months of its launch, and new models such as Tang II and Qin Pro saw intensive sales in the second half of the year.
The impact of subsidy reduction is short-term, while the expansion of market share is long-term. The worst time is the best buying point."
Another big V forwarded and commented. "Buffett holds 8.2% of the shares and has not sold a share in ten years. What are you afraid of?"
The third big V put it more directly:
"The deduction of non-losses is the result of accounting processing, not a problem with Bidiya's business model.
When the subsidy policy becomes clear in the second half of the year and the volume of new models increases, performance will come back.
Those who cut off their flesh now will regret it half a year later."
There was a quarrel in the comment area. Some people believed it and some didn't.
Repost it if you believe it, scold if you don't believe it.
Thursday, August 2nd.
BYD opened two points higher, opening at 36.4 yuan.
Chen Xi was sitting in Trading Room, staring at Time-sharing Chart on the screen, and a thought suddenly came to his mind - yesterday's price may never be seen again in the future.
"Intensify your efforts today." She said to Su Wantang.
Su Wantang glanced at her. "How much?"
"Buy as much as you can."
As soon as 9:30, Chen Xi started placing orders.
The first tranche, 2 million shares, with a price limit of 36.8 yuan.
Deal.
The stock price has been pushed from 36.4 to 36.9. Selling orders are still pouring out, but the intensity is much weaker than yesterday.
Those who were panicking yesterday and looking at the high stock prices today must have wonderful expressions on their faces.
The second transaction, 2 million shares, with a price limit of 37.0 yuan, was completed.
The stock price was pushed to 37.3.
The third transaction, 2 million shares, with a price limit of 37.5 yuan, was completed. The stock price rushed to 37.8.
Buying Pressure started to follow the trend.
Those institutions that were still waiting and watching yesterday saw that the stock price was held up by Large Funds for two consecutive days, and finally couldn't help it anymore.
The buying orders of Chen Xi are no longer fought by one person. Buying orders from other accounts have begun to appear in the market. The amount is not large, but the rhythm is very steady.
Before the market closed in the morning, Chen Xi placed three more orders - 1.5 million shares, 1.5 million shares, and 1 million shares.
A total of 10 million shares were purchased in the morning, with an average transaction price of 37.2 yuan and a transaction volume of approximately 372 million.
After the market opened in the afternoon, Buying Pressure continued to pour in.
Chen Xi bought another 6 million shares, with an average price of 37.8 yuan and a transaction volume of approximately 227 million.
A total of 16 million shares were purchased throughout the day, with an average transaction price of 37.4 yuan and a transaction volume of approximately 598 million.
The stock price reached a maximum of 38.5 yuan, less than 1 yuan away from recovering yesterday's losses.
However, it encountered great resistance at the position of 38.5 yuan.
Selling orders suddenly came out, pressing one level after another, blocking the stock price below 38.5.
Chen Xi didn't attack hard and stopped.
At the close, Bidiya closed at 37.9 yuan, an increase of more than 6%.
Trading Volume throughout the day was more than double that of the previous trading day.
The total holdings of Henglong Capital increased from 30 million shares to 46 million shares, accounting for approximately 1.69% of the total share capital, with a total investment of approximately 1.72 billion yuan.
In the next few trading days, the stock price of Bidiya continued to fluctuate below 40 yuan.
When it falls to around 37, Buying Pressure will come in, and when it rises above 39, selling pressure will come in.
Bulls and Bears The two sides saw each other repeatedly in this range, and no one gained the absolute upper hand.
Chen Xi is no longer eager to buy.
She controlled the pace, buying hundreds of thousands of shares every day, and at most no more than two million shares.
Like a patient cheetah, waiting for its prey to come into range.
Su Wantang summarizes the transaction data of the day to Chen Xi after the market closes every day.
After a few trading days, Henglong Capital's BYD position increased from 46 million shares to 58 million shares.
Accounting for about 2.13% of the total share capital, the total investment is about 2.15 billion yuan, and the remaining funds are about 350 million yuan.
The holding cost dropped from the initial 37.2 yuan to about 36.8 yuan.
Chen Xi looked at this number and felt a little more at ease.
She knew that when the stock price of Bidiya exceeded 40 yuan, the chips slowly absorbed at the bottom would turn into profits.
Since the semi-annual report of Bidiya came out, Zhao Chen no longer pays attention to this stock.
It's not that you don't pay attention to it, but you don't need to keep an eye on it every day.
Chen Xi is watching the market in Trading Room, Su Wantang is allocating funds, and Zhang Qingxue is checking compliance.
The three of them each performing their own duties would be much more useful than him just staring at them.
He believes in his own judgment and Chen Xi's execution ability.
His main focus is on finding new investment opportunities.
Shan City is as hot as a steamer in August. Zhao Chen is sitting in the office, with the air conditioner turned on to 23 degrees, with a laptop and an old notebook spread out in front of him.
The notebook was densely filled with various company names, industry data, and time points - all fragments of his Previous Life memory.
Some are clear and some are fuzzy. He needs to recall bit by bit and verify bit by bit.
He is thinking about Dening Times.
This company was only listed on the GEM on June 11, with an issue price of 25.14 yuan. It hit the daily limit on the first day. Since then, it has been listed on the GEM for several consecutive times. After the opening of the market, the stock price fluctuated around 70 yuan.
Zhao Chen knows that it will rise to several hundred yuan in the future. But now is not the best buying point--
It usually takes a period of time for new stocks to accumulate chips after they are launched. It is not too late to wait until the valuation is digested before taking action.
He was also thinking about Mairui Medical.
The company is still in line for an IPO, and its listing time has not yet been determined.
But he remembered that Mairui Medical is the absolute leader in medical devices, and its market value will exceed 300 billion in the future.
When it is listed, you must open a position.
He is still thinking about those companies that were underestimated in 2018 and exploded in 2019-2020 - some are Consumer Sector, some are in the technology track, and some are in the pharmaceutical track.
Every name was like a seed buried in the soil. He knew they would sprout, but it would take time and the right soil.
August 8, Wednesday, two o'clock in the morning.
Zhao Chen was awakened by a vibrating cell phone.
It was pitch black outside the curtains, and the Shan City night was so quiet that only the hum of the air conditioner was left.
He reached out and touched the mobile phone on the bedside table. The screen was blindingly bright - caller ID: Lin Shicheng.
Lin Shicheng.
Legal team leader of Era Vanguard.
He is responsible for the share acquisition of SpaceX and the legal affairs of Era Vanguard.
New York time is twelve hours slower than Beijing time. It is now more than two o'clock in the morning in Beijing, and it is more than two o'clock in the afternoon in New York.
Lin Shicheng won't call at two o'clock in the afternoon for no reason-unless there is something important.
Zhao Chen sat up, cleared his throat, and answered the phone.
"Lawyer Lin."
On the other end of the phone, Lin Shicheng's voice was a little more urgent than usual, but he still maintained the unique restraint of a lawyer.
"Mr. Zhao, I'm disturbing your rest. There is something I need to report to you immediately."