"The Snow King" listed and soared, Li Auto i8 postponed to release in July | Today's important news review

0303 ｜ Dolphin Research Focus:

🐬 Macroeconomics/Industry

1. China's Caixin Manufacturing PMI for February is 50.8, up from 50.1, an increase of 0.7 percentage points from January, reaching a three-month high, indicating accelerated expansion in manufacturing production and business activities.

🐬 Individual Stocks

1. $EAST BUY(01797.HK)

Dongfang Zhenxuan rose nearly 9% today. The founder of Pang Donglai, Yu Donglai, the founder of New Oriental, Yu Minhong, and the founder of Wumart Group, Zhang Wenzhong, appeared in Xuchang's Pang Donglai Angel City on the evening of the 25th to inspect the business format. Afterwards, Yu Minhong, chairman of Dongfang Zhenxuan, stated that he is "open to cooperation with Pang Donglai" and emphasized that the product quality standards of Dongfang Zhenxuan are consistent with those of Pang Donglai. Pang Donglai is undoubtedly a benchmark enterprise in the retail industry, with significant reputation and traffic. Although there are no specific cooperation details yet, the market inevitably speculates whether Dongfang Zhenxuan will launch Pang Donglai products. Following the release of related news, Dongfang Zhenxuan's stock price soared.

2. $XIAOMI-W(01810.HK)

At 10 AM yesterday, Xiaomi officially held the delivery ceremony for the SU7 Ultra. Since its official release on February 27, the SU7 Ultra has shocked the market with a price far below the pre-sale price of 814,900 yuan. In just 10 minutes, the number of orders exceeded 6,900, and within three days, orders reached 19,000, with locked orders exceeding 10,000. Dolphin Research has compiled the content of the Xiaomi SU7 Ultra launch event, which can be reviewed here: “Xiaomi SU7 Ultra Launch Event Review and Parameter Comparison”. Today, Xiaomi's stock price began to adjust, closing down 1.74%.

3. $MIXUE GROUP(02097.HK)

Mixue Ice City was listed on the Hong Kong Stock Exchange today, with an opening price of HKD 262 per share, up 29.38% from the issue price. After listing, the stock price continued to rise, at one point increasing by over 47%, with a market capitalization exceeding HKD 110 billion. In the first three quarters of 2024, the company's revenue was 18.66 billion yuan, a year-on-year increase of 21%, and net profit was 3.486 billion yuan, a year-on-year increase of 45.2%, making this profit scale the highest in China's tea beverage industry.

4、$Li Auto(LI.US)

Li Auto's official WeChat account revealed that its first pure electric SUV, the Li Auto i8, is scheduled to be released in July 2025, which is significantly later than the original expected time of late April or early May. The i8 will be a critical milestone for Li Auto, as its market performance will validate Li Auto's competitiveness in the pure electric field.

🐬 Leading Sectors

Shanghai and Shenzhen: Medical information services, diversified capital markets, medical services;

Hong Kong Stocks: Food retailers, human resources and employment services, specialty chemicals;

U.S. Stocks: Multi-line insurance, commercial and residential mortgage financing, heavy electrical equipment.

🐬 Attention for Tomorrow

1、 The 14th National Committee of the Chinese People's Political Consultative Conference will open at 3 PM on March 4 at the Great Hall of the People and will conclude on the morning of March 10, lasting for six days.

2、 Sea will announce its financial report, and Dolphin Research will track and provide interpretative analysis.

3、 According to Trump's previous statements, after China was subjected to a 10% tariff in February, it is expected that another 10% tariff will be imposed on China again on the evening of March 4.

Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure