A series of positive developments have landed, Hong Kong and A-shares show a "weak rebound"; BYD's first-quarter profit nearly doubled | Review of today's important news

0408 ｜ Dolphin Research Key Focus:

🐬 Macroeconomics/Industry

1. Before the market today, regulatory bodies such as Central Huijin, the central bank, and the Financial Regulatory Bureau have intensively issued policies and statements, involving various medium to long-term funds like the national team and insurance funds. Central Huijin stated, "We will play the role of a 'stabilization fund' and will act decisively when necessary"; the social security fund announced it would actively increase its holdings in domestic stocks; today, market sentiment has recovered, with both Hong Kong and A-shares rebounding comprehensively. Regarding the tariff plan, Trump’s stance remains firm but he also indicated he "might be willing to negotiate," alleviating global panic to some extent.

🐬 Individual Stocks

1. $BYD COMPANY(01211.HK)

BYD announced that it expected the net profit attributable to shareholders of the listed company in the first quarter of 2025 to be between 8.5 billion and 10 billion yuan, representing a year-on-year increase of 86.04% to 118.88%. It was expected that the basic earnings per share in the first quarter would be between 2.91 yuan/share and 3.42 yuan/share. Notably, overseas sales of new energy vehicles achieved leapfrog growth, further consolidating its leading position as the world's top seller of new energy vehicles. Following the announcement, BYD's stock price surged during the session, ultimately closing up by 4.82%.

$XPENG-W(09868.HK)

The 2025 XPeng X9 has officially started pre-sales, with a starting price of 399,800 yuan. Key upgrades include the adoption of a pure visual intelligent driving solution, while the interior features aisle-type zero-gravity seats. It is worth noting that the four-wheel-drive version will also offer a lithium iron phosphate battery option. The new car is expected to be officially launched next week. XPeng's 2025 sales target is to double year-on-year: a total of 94,000 new cars were delivered in the first quarter, which is nearly a quarter of the annual sales target.

🐬 Leading Sectors

Shanghai and Shenzhen Stocks: Residential construction companies, agricultural machinery, agricultural products;

Hong Kong Stocks: Agricultural machinery, agricultural products, medical services;

U.S. Stocks: Heavy electrical equipment, semiconductor materials and equipment, semiconductor manufacturers.

🐬 Attention for Tomorrow

1. U.S. wholesale sales month-on-month.

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