HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Over 15 years' experience in both finance and healthcare, covering clinic operations, investment and equity research in both China and overseas.

Pre-IPO RoboTechnik Intelligent Technology (A/H Listing)- It Will Take Time to Get Out of the Trough

Pre-IPO Biwin Storage Technology (A/H Listing) - The Cycle Is About to Peak; Time to Quit?

Pre-IPO Sungrow Power Supply (A/H Listing) - About the Business and the Outlook

Equity Capital Markets

Changzhou Xingyu Automotive / Equity Capital Markets

<ul>
<li>Automotive lighting industry is currently in a period of product iteration driven by "electricization" and "intelligence".Value of individual vehicle lamps is on the rise, but price competition is equally intense.</li>
<li>As growth of the automotive lighting business approaches its ceiling, Xingyu is striving to create a new development narrative.But the overall embodied intelligence field is in early stage of industrialization</li>
<li>The valuations of the top-notch companies in the Hong Kong stock market's automotive parts sector are generally between 10x and 20x P/E. We think Xingyu’s A/H discount would be 15%-30%.   </li>
</ul>


Automotive lighting industry is currently in a period of product iteration driven by "electricization" and "intelligence".Value of individual vehicle lamps is on the rise, but price competition is equally intense.
As growth of the automotive lighting business approaches its ceiling, Xingyu is striving to create a new development narrative.But the overall embodied intelligence field is in early stage of industrialization
The valuations of the top-notch companies in the Hong Kong stock market's automotive parts sector are generally between 10x and 20x P/E. We think Xingyu’s A/H discount would be 15%-30%.   


Pre-IPO Changzhou Xingyu Automotive Lighting Systems (A/H Listing) - The Business and the Outlook