Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>300274 SZ/DQ US/CSIQ US/JKS US/601615 SH/2208 HK/601012 SH: Domestic new energy installed capacity further slows downDomestic new energy installed capacity further slows down (/////////////)</li>
<li>XPEV US: Xpeng Motors' losses narrowed slightly in the first quarter of 2024 as software sales to Volkswagen increased gross profits (+)</li>
<li>1211HK/LIUS/NIOUS/XPEVUS/TSLAUS:20th week of 2024, BYD fell back a bit while Tesla recovered most of lost ground, Nio and Xiaomi had strong deliveries, and LI once again beat AITO (-/+/+/-/+)</li>
</ul>


300274 SZ/DQ US/CSIQ US/JKS US/601615 SH/2208 HK/601012 SH: Domestic new energy installed capacity further slows downDomestic new energy installed capacity further slows down (/////////////)
XPEV US: Xpeng Motors' losses narrowed slightly in the first quarter of 2024 as software sales to Volkswagen increased gross profits (+)
1211HK/LIUS/NIOUS/XPEVUS/TSLAUS:20th week of 2024, BYD fell back a bit while Tesla recovered most of lost ground, Nio and Xiaomi had strong deliveries, and LI once again beat AITO (-/+/+/-/+)


[Blue Lotus Daily]: 300274SZ/DQ US/CSIQ US/JKSUS/601615SH/2208HK/601012SH/XPEV/1211HK/LI/NIO/TSLA

<ul>
<li>BEKE US: Visiting volume surged in the first weekend after new stimulus, and transactions increased slightly.（+）</li>
<li>300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US:  Except for electric vehicles, new energy exports in April were hardly positive, indicating that capturing consumers is the key to offsetting geopolitical restrictions(///////////)</li>
<li>BEKE US: Sluggish New Home Sales Prompt the PBOC to Introduce Further Stimulus Policies. (+)</li>
</ul>


BEKE US: Visiting volume surged in the first weekend after new stimulus, and transactions increased slightly.（+）
300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US:  Except for electric vehicles, new energy exports in April were hardly positive, indicating that capturing consumers is the key to offsetting geopolitical restrictions(///////////)
BEKE US: Sluggish New Home Sales Prompt the PBOC to Introduce Further Stimulus Policies. (+)


[Blue Lotus Daily]:BEKE US/300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US/1810 HK/BIDU US

<ul>
<li>1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH: Xiaomi to start double-shift production of the SU7 in June （+/-/-/-/-）</li>
<li>1810 HK/1211 HK/ LI US/ NIO US/ XPEV US: The data shows that only 2% of FSD12 users are converted to paying users, which is good for China's automatic driving(//////////)</li>
<li>LI US / NIO US/1810 HK :Li Auto takes the lead in sales in the 18th week of 2024, while Xiaomi continues to lag behind（/////）</li>
</ul>


1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH: Xiaomi to start double-shift production of the SU7 in June （+/-/-/-/-）
1810 HK/1211 HK/ LI US/ NIO US/ XPEV US: The data shows that only 2% of FSD12 users are converted to paying users, which is good for China's automatic driving(//////////)
LI US / NIO US/1810 HK :Li Auto takes the lead in sales in the 18th week of 2024, while Xiaomi continues to lag behind（/////）


[Blue Lotus Daily]:1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH/1211 HK/ LI US/LKNCY US

<ul>
<li>9926 HK/1801 HK/ BGNE US/9995 HK: US Biosecure Act extended Chinese CXO collaboration until 2032  (+/+/+/+)</li>
<li>BGNE US :BeiGene’s performance in the first quarter of 2024 exceeded expectations, especially benefiting from overseas BRUKINSA(/)</li>
<li>ZLAB US:Zai Lab's revenue and profit in the first quarter of 2024 exceeded expectations, mainly due to Efgartigimod.(/)</li>
</ul>


9926 HK/1801 HK/ BGNE US/9995 HK: US Biosecure Act extended Chinese CXO collaboration until 2032  (+/+/+/+)
BGNE US :BeiGene’s performance in the first quarter of 2024 exceeded expectations, especially benefiting from overseas BRUKINSA(/)
ZLAB US:Zai Lab's revenue and profit in the first quarter of 2024 exceeded expectations, mainly due to Efgartigimod.(/)


[Blue Lotus Daily]:9926 HK/1801HK/ BGNE/9995HK/ZLAB/NIO/LI/1211HK/BEKE/1810HK/3888HK/981HK/MSFT/INTC

<ul>
<li>ATAT US/TCOM US : The international hotel management group maintains a cautious attitude towards China throughout the year.（-/-）</li>
<li>1211HK/LIUS/NIOUS/XPEVUS/1810HK:EV sales solid in the 5th week of April 2024, NIO continues to benefit from SU7 overflow, BYD continues to be strong, and Xiaomi deliveries decline for three consecutive weeks.(+/+/+/-/-)</li>
<li>300274 SZ / 300750 SZ/ 1211 HK : Tesla's Shanghai energy storage gigafactory was approved, mainly producing energy storage for export, benefiting China's supply chain.(+/+/ -)</li>
</ul>


ATAT US/TCOM US : The international hotel management group maintains a cautious attitude towards China throughout the year.（-/-）
1211HK/LIUS/NIOUS/XPEVUS/1810HK:EV sales solid in the 5th week of April 2024, NIO continues to benefit from SU7 overflow, BYD continues to be strong, and Xiaomi deliveries decline for three consecutive weeks.(+/+/+/-/-)
300274 SZ / 300750 SZ/ 1211 HK : Tesla's Shanghai energy storage gigafactory was approved, mainly producing energy storage for export, benefiting China's supply chain.(+/+/ -)


[Blue Lotus Daily]:ATATUS/TCOMUS/1211HK/LIUS/NIO US/XPEVUS/1810HK/300274SZ/300750 SZ/BEKEUS

China

Li Auto Inc. manufactures automobiles. The Company designs, develops, and sells smart new energy electric sport utility vehicles. Li Auto conducts businesses in China.

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Li Auto (LI US)

[Blue Lotus Daily]: 300274SZ/DQ US/CSIQ US/JKSUS/601615SH/2208HK/601012SH/XPEV/1211HK/LI/NIO/TSLA

new energy installed capacity slows down, Xpeng Motors' losses narrow with increased software sales to Volkswagen, BYD falls while Tesla recovers,...

Blue Lotus Research Institute

[Blue Lotus Daily]:BEKE US/300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US/1810 HK/BIDU US

Visiting volume surges after stimulus, new energy exports struggle, PBOC introduces more stimulus for sluggish new home sales.

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH/1211 HK/ LI US/LKNCY US

Xiaomi to start double-shift production of SU7, FSD12 users conversion rate low, Li Auto leads in sales in 18th week of 2024.

Blue Lotus Research Institute

[Blue Lotus Daily]:9926 HK/1801HK/ BGNE/9995HK/ZLAB/NIO/LI/1211HK/BEKE/1810HK/3888HK/981HK/MSFT/INTC

US Biosecure Act extends Chinese collaboration until 2032, BeiGene and Zai Lab exceed Q1 expectations with BRUKINSA and Efgartigimod.

Blue Lotus Research Institute

[Blue Lotus Daily]:ATATUS/TCOMUS/1211HK/LIUS/NIO US/XPEVUS/1810HK/300274SZ/300750 SZ/BEKEUS

International hotel group cautious on China, EV sales strong in April with NIO benefiting, Tesla's Shanghai gigafactory approved for energy...

Blue Lotus Research Institute

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily]: 300274SZ/DQ US/CSIQ US/JKSUS/601615SH/2208HK/601012SH/XPEV/1211HK/LI/NIO/TSLA

new energy installed capacity slows down, Xpeng Motors' losses narrow with increased software sales to Volkswagen, BYD falls while Tesla recovers,...

Blue Lotus Research Institute

[Blue Lotus Daily]:BEKE US/300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US/1810 HK/BIDU US

​Visiting volume surges after stimulus, new energy exports struggle, PBOC introduces more stimulus for sluggish new home sales.

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH/1211 HK/ LI US/LKNCY US

​Xiaomi to start double-shift production of SU7, FSD12 users conversion rate low, Li Auto leads in sales in 18th week of 2024.

Blue Lotus Research Institute

[Blue Lotus Daily]:9926 HK/1801HK/ BGNE/9995HK/ZLAB/NIO/LI/1211HK/BEKE/1810HK/3888HK/981HK/MSFT/INTC

​US Biosecure Act extends Chinese collaboration until 2032, BeiGene and Zai Lab exceed Q1 expectations with BRUKINSA and Efgartigimod.

Blue Lotus Research Institute

[Blue Lotus Daily]:ATATUS/TCOMUS/1211HK/LIUS/NIO US/XPEVUS/1810HK/300274SZ/300750 SZ/BEKEUS

​International hotel group cautious on China, EV sales strong in April with NIO benefiting, Tesla's Shanghai gigafactory approved for energy...

Blue Lotus Research Institute

Visiting volume surges after stimulus, new energy exports struggle, PBOC introduces more stimulus for sluggish new home sales.

Xiaomi to start double-shift production of SU7, FSD12 users conversion rate low, Li Auto leads in sales in 18th week of 2024.

US Biosecure Act extends Chinese collaboration until 2032, BeiGene and Zai Lab exceed Q1 expectations with BRUKINSA and Efgartigimod.

International hotel group cautious on China, EV sales strong in April with NIO benefiting, Tesla's Shanghai gigafactory approved for energy...