My Fintech Empire

The outside world does not know how Xingyu Technology's new energy vehicles are doing. The company's confidentiality work is very good, but Fang Hong knows the detailed progress. He is very confident in the company's first new energy vehicle.

According to Xingyu Technology's current production capacity, it can be delivered in succession by the beginning of 2020.

However, Qin Feng decided to hold a special press conference for new energy vehicles this fall, which is not a big problem. According to him, now there is only the problem of production capacity. Other aspects have been completed, and it is just waiting for the car to leave the production line and start selling.

Fang Hong ended the video call with Qin Feng, and then looked at the trend of the New Securities 50 Index and couldn't help but secretly said: "It's just right to take advantage of the trend of Xingyu Technology's new energy vehicle press conference to drive the new energy sector and help the New Securities 50 Index to break through the adjustment range and continue to move upward..."

Speaking of it, the new energy vehicle sector index is now almost falling to the position at the beginning of the year, and the sector's correction has reached about -25%, basically bringing back all the big gains in the first quarter.

Because the new energy vehicle industry is relatively not prosperous this year, the main factor is that the government's subsidies are gradually decreasing. Many new energy brands will die without subsidies, and many brands are pure fraudulent subsidies. This is also one of the reasons why the country introduced Tesla.

However, with the entry of Xingyu Technology, this situation will usher in changes, even drastic changes.

In fact, the industry has always had this expectation. Everyone knows and firmly believes that Xingyu Technology is holding back a big move, but the CD time of this big move is really a little longer. However, no matter how long the CD time is, the expectation will not disappear, and people in the industry are also silently waiting for that day to come.

…

In the next three trading days of this week, the Xinzheng 50 Index will no longer fall, but fluctuate upward. It closed down -0.29% on Wednesday, closed up +1.16% on Thursday, and closed down -0.72% on Friday, reporting 5145.01 points after the market.

Although there was no big rise in these three days, the downward gap on August 5 was filled. However, when the stock price fell for four consecutive days at the beginning of the month, two downward gaps were created. Now there is only the gap on Friday, August 2.

Entering the weekend, on Saturday afternoon, Xingyu Technology made a preliminary disclosure of its interim results.

When the outside world saw this news, they were all shocked, because according to regulations, the preliminary disclosure of interim results generally requires a 50% increase or decrease before the preliminary disclosure.

It is obviously impossible for Xingyu Technology to have its performance cut in half at once, so it can only be a preliminary increase. When seeing the company's preliminary disclosure of the annual report without reading the content, investors from all walks of life in the market were all shocked.

With such a large scale, it is quite terrifying to have a performance increase of more than 50%.

However, after reading the specific content, it suddenly dawned on me that there was no such outrageous performance.

According to its performance forecast disclosure, it is still very exaggerated. The total revenue scale of the preliminary disclosure of the interim results is expected to reach 1075 billion, and the net profit is expected to be 235 billion, a year-on-year increase of about +35%.

Although the expected increase did not exceed 50%, it still exceeded the expectations of major analysis agencies. Analysts generally expected a growth rate of about 30%.

This is also the first time that Xingyu Technology's semi-annual report revenue has exceeded the trillion mark in history since its establishment ten years ago.

Normally speaking, since the expected increase in performance has not reached the 50% line, Xingyu Technology does not need to make a pre-disclosure of performance. The exchange encourages listed companies to make pre-disclosures, but it will not be mandatory. Only when the expected increase or decrease reaches 50% will mandatory pre-disclosures be required.

Many funds understand this situation!

Xingyu Technology took the initiative to pre-disclose its semi-annual performance this time. There must be a big boss who went to say hello. It must be someone from the management of the SGX or Fang Hong.

Combined with the current market trend, this is obviously intended to let Xingyu Technology release unexpected performance benefits to boost market confidence. If the market cannot be boosted, there will definitely be other tools later, and maybe the stabilization fund will take action.

The New Securities 50 Index adjusted from the historical second highest point of 5453.44 points on July 2 to 5094.36 points, with a cumulative decline of -6.58%. In other words, the lowest point of 5094.36 points on Tuesday this week is the bottom of this round of adjustment, and it is unlikely to fall below the 5000-point mark.

As soon as the pre-disclosure of Xingyu Technology's interim performance came out, many people understood the intentions of the management.

As expected, when the market opened on Monday, the New Securities 50 Index opened higher by +0.55%, and it opened higher and went higher. Xingyu Technology opened higher today by +1.76%, and the opening was also volatile upward, and the market value returned to the 13 trillion mark.

It is worth mentioning that when Xingyu Technology's New Securities 50 Index stood at the 5400-point mark in early July, the market value of this stock also hit a new high, soaring to 14.12 trillion.

As of the close, the SGX 50 Index rose by more than 1 percentage point and successfully reached the 5,200-point mark. It closed up +1.86% after the market at 5,240.78 points, with a turnover of 830.3 billion on the SGX market.

In the next four trading days of this week, the SGX 50 Index maintained an upward trend amid fluctuations.

On Friday, the SGX 50 Index once rose by more than 1 percentage point and reached the 5,300-point mark, filling the downward gap on August 2.

However, it began to fall back from a high at 14:00 in the afternoon and did not stabilize at 5,300 points.

Finally, the SGX 50 Index closed up +0.33% after the market closed at 5281.25 points. The total turnover of the SGX market for the whole day was 924.6 billion, a slight decrease of nearly 30 billion compared with Thursday.

…

Just less than half an hour after the close of Friday, Xingyu Technology issued a heavy announcement, which caused a thousand waves in the capital market and the new energy vehicle industry.

Xingyu Technology announced that it would hold a special autumn press conference for new energy vehicles on Saturday, September 7, 2019. Once the news was announced, it caused a huge stir in the industry. Previously, Fang Hong had sent a Weibo hint that Xingyu Technology’s first new energy vehicle would be on the market soon.

Now it is certain that it is really coming!

This weekend, the hottest topic in the capital circle of the technology circle is the news of the release of Xingyu Technology’s first new energy vehicle.

After so many years of holding back the big move, the astronomical level of R\u0026D investment, and now the official announcement of the product, the market’s expectations for the launch of Xingyu Technology’s first new energy vehicle product are also directly full.

After all, the brand of Xingyu Technology is now synonymous with high technology and leading the fashion trend of technology.

At the same time, the capital market is also very excited, especially the shareholders who hold Xingyu Technology stocks.

…

After the weekend, on Monday, August 19.

When the SGX market opened, the SGX 50 Index reached the 5,300-point mark in the call auction, opening at 5,302.82 points, +0.41%, and Xingyu Technology rushed to the top of the list of today's individual stock popularity.

This stock opened +3.26% higher today, and the new energy vehicle sector also opened sharply higher by +2.77%. Investors are obviously very optimistic that the launch of Xingyu Technology's first new energy electric vehicle can bring the entire new energy industry.

In the eyes of many people, Xingyu Technology is the BOSS-level existence in the field of new energy vehicles.

At 9 o'clock, the SGX market opened, the SGX 50 Index opened high and went high, and Xingyu Technology also showed a trend of rising volume and price, helping the SGX 50 Index to continue to rise.

In the afternoon, Xingyu Technology's increase expanded to 6 percentage points. The market expected this stock to hit a record high today. As long as it rose to +7.96%, it would hit a new high.

However, it failed to break through the new high in the end. The market closed just before the new high, but it also returned to the 14 trillion mark.

As of the close, Xingyu Technology rose +7.21% to 50.93 yuan, with a total market value of 14.02 trillion and a daily turnover of 157.9 billion.

The SGX 50 Index successfully regained the 5,400-point mark again today, closing +2.66% after the market to 5,421.89 points. The trading volume of the SGX market also broke through the trillion mark, reaching a huge 104.32 billion.

... (End of this chapter)