截至发稿，小鹏汽车(09868.HK)跌9.07%、蔚来-SW(09866.HK)跌6.53%、 比亚迪股份(01211.HK)跌 4.76%。 ...

来源：滚动播报 比亚迪在港股价最大跌幅达 5.1%，小鹏汽车跌 9.8%。 ...

Core Insights - The retail sales of new energy vehicles in China for January 1-18 reached 312,000 units, representing a year-on-year decline of 16% and a month-on-month decline of 52% due to the expiration of the new energy vehicle purchase tax exemption policy and a weak market trend during the New Year holiday [1][27]. Company Performance - BYD sold 210,051 vehicles in January, with overseas sales of passenger cars and pickups reaching 100,009 units, and cumulative sales exceeding 15.3 million units [2][28]. - Xiaomi delivered over 39,000 vehicles in January, with a target of 550,000 electric vehicles for 2026, reflecting a year-on-year growth of over 34% [4][30]. - Leap Motor achieved 32,059 deliveries in January, marking a year-on-year increase of 27% [6][32]. - Li Auto delivered 27,668 new vehicles in January, with a cumulative delivery of 1,567,883 vehicles as of January 31 [8][34]. - NIO delivered 27,182 vehicles in January, showing a significant year-on-year growth of 96.1%, and became the fourth Chinese "new force" car manufacturer to reach cumulative deliveries of 1 million vehicles [11][37]. - Zeekr achieved 23,852 deliveries in January, with a year-on-year growth of 99.7% [14][40]. - Xpeng delivered 20,011 vehicles in January, with the X9 model achieving a remarkable year-on-year growth of 413.9% [17][43]. - Lantu delivered 10,515 vehicles in January, marking a year-on-year increase of 31%, and announced plans to launch four new models in 2026 [19][45]. - IM delivered 5,017 vehicles in January, with the LS6 model surpassing 100,000 cumulative deliveries [20][46]. - Extreme Stone delivered 1,028 vehicles in January, with a nearly 100% year-on-year increase and a significant growth in order volume [23][49]. - Hongmeng Zhixing reported a year-on-year growth of over 65% in January [25][51].

截至9月30日，比亚迪股东户数64.26万，较上期增加98.37%；人均流通股5427股，较上期增加51.21%。 2025年1月-9月，比亚迪实现营业收入5662.66亿元，同比增长12.75%；归母净利润233.33亿元，同比减 少7.55%。 分红方面，比亚迪A股上市后累计派现278.59亿元。近三年，累计派现244.14亿元。 机构持仓方面，截止2025年9月30日，比亚迪十大流通股东中，香港中央结算有限公司位居第四大流通 股东，持股2.65亿股，相比上期增加1.37亿股。华泰柏瑞沪深300ETF（510300）位居第八大流通股东， 持股4630.40万股，相比上期增加3024.58万股。易方达沪深300ETF（510310）退出十大流通股东之列。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 1月30日，比亚迪跌1.54%，成交额30.02亿元。两融数据显示，当日比亚迪获融资买入额2.54亿元，融 资偿还3.09亿元，融资 ...

Group 1 - The core point of the article is that Shanghai Borai Intelligent Technology Co., Ltd. submitted its IPO application to the Hong Kong Stock Exchange just six days after receiving a strategic investment of 100 million RMB from BYD Company Limited, which significantly enhances its market appeal and valuation [1][5][27]. Group 2 - The investment from BYD is crucial as it serves as a strong endorsement of Borai Intelligent's technology and future prospects, boosting market confidence [8][43]. - The strategic collaboration potential between BYD and Borai Intelligent in areas such as technology research and supply chain management is significant [8][43]. - The timing of the IPO application is strategic, leveraging the heightened market attention following the investment to maximize valuation [9][62]. Group 3 - Borai Intelligent focuses on the research and sales of fully electric, autonomous mining trucks, having been established in Shanghai in 2015 [10][45]. - The company is recognized as the largest provider of fully electric autonomous mining trucks globally based on projected shipment volume and revenue for 2024 [11][46]. - It ranks second in the Chinese market for autonomous mining truck solutions [12][48]. Group 4 - The company's revenue model consists of three main segments: selling autonomous mining trucks, providing comprehensive intelligent solutions for mining operations, and offering unmanned transportation services using its own fleet [16][51][53]. - The company aims to help mining companies adopt more environmentally friendly, safer, and efficient transportation solutions [19][54]. Group 5 - The financial performance shows rapid revenue growth, with approximately 69.57 million RMB in 2023, projected to reach about 171 million RMB in 2024, and 315 million RMB in the first nine months of 2025, which is over eight times the revenue from the same period the previous year [20][21][22]. - Despite the revenue growth, the company is still operating at a loss, with losses of 32.48 million RMB in 2023, 60.99 million RMB in 2024, and 58.67 million RMB in the first nine months of 2025, primarily due to high R&D expenses and rapid business expansion [23][24][58]. - A significant risk is the concentration of revenue, with the top five customers contributing 97.7% of total revenue, indicating a strong dependency on a few major clients [25][60]. Group 6 - The urgency for the IPO is driven by the need for capital to accelerate development in a rapidly growing industry, requiring substantial investment in R&D and capacity expansion [26][62]. - The recent investment from BYD has increased market interest, making this an opportune moment to file for the IPO to maximize attention and valuation [27][62]. - The company has undergone multiple rounds of financing since its inception, and the IPO represents a critical exit opportunity for early investors [27][62].

Group 1: GAC Group Performance - GAC Group reported January 2026 sales of 116,600 vehicles, an increase of 18.47% year-on-year [1][5] - The production for January was 110,800 vehicles, a decrease of 4.77% year-on-year [1][5] - New energy vehicles (NEVs) showed strong performance with a production of 23,700 units, up 42.82% year-on-year, and sales of 26,000 units, a significant increase of 162.90% [1][5] - GAC Aion's sales reached 21,600 units, a year-on-year increase of 171.63% [1][5] - GAC Honda's sales were 4,558 units, down 69.86% year-on-year, while GAC Toyota's sales increased by 9.82% to 62,600 units [1][5] - Wuyang-Honda motorcycles sold 45,200 units, up 15.00% year-on-year [1][5] Group 2: BYD Performance - BYD reported January 2026 sales of 210,100 NEVs, a decrease of 30.11% year-on-year [2][6] - The production for January was 232,400 NEVs, down 29.13% year-on-year [2][6] - Sales of pure electric passenger vehicles were 83,200 units, a decline of 33.60% year-on-year, while plug-in hybrid passenger vehicles sold 122,300 units, down 28.53% [2][6] - The commercial vehicle segment performed well with production and sales of 4,523 and 4,533 units, respectively, representing year-on-year growth of 11.60% and 10.78% [2][6] - NEV exports reached 100,500 units, and the total installed capacity of power batteries and energy storage batteries was approximately 20.187 GWh [2][6] Group 3: Li Auto Performance - Li Auto delivered 27,700 vehicles in January 2026, with a cumulative delivery of 1,567,900 vehicles as of January 31, 2026 [3][7] - The company launched OTA 8.2 system update in January, featuring 40 new functions and 25 experience optimizations [3][7] - Li Auto has 547 retail centers covering 159 cities and 547 after-sales service centers across 221 cities, with 3,966 charging stations and 21,900 charging piles in operation [3][7]

Group 1: Automotive Industry Overview - In January 2026, the Vehicle Inventory Alert Index for Chinese automotive dealers was reported at 59.4%, a year-on-year decrease of 2.9 percentage points and a month-on-month increase of 1.7 percentage points, indicating inventory levels above the threshold [1] - Various automotive companies reported their January delivery and sales figures, showcasing a mixed performance across the industry [2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19] Group 2: Company-Specific Performance - Xiaomi delivered over 39,000 vehicles in January 2026 [2] - Hongmeng Zhixing reported a total delivery of 57,915 vehicles in January, marking a year-on-year increase of 65.6% [3] - Aion (昊铂埃安) achieved sales of 23,591 vehicles in January, reflecting a growth of 63.9% [16] - NIO delivered 27,182 vehicles in January, up 96.1% year-on-year [7] - Li Auto reported deliveries of 27,668 vehicles in January [8] - Leap Motor achieved total deliveries of 32,059 vehicles, a year-on-year increase of 27% [9] - BYD's January sales of new energy vehicles were 210,051, a decline of 30.11% year-on-year [6] - Great Wall Motors sold 90,312 vehicles in January, an increase of 11.59% [11] - GAC Group reported sales of 116,622 vehicles in January, up 18.47% year-on-year [13] - Geely's total sales for January were 270,200 units, showing a growth of approximately 1% [13] - Chery's total sales across five brands in January decreased by 10.7% year-on-year [13] - SAIC-GM delivered approximately 51,005 vehicles in January, with a year-on-year increase of 8.2% [15] - A total of 40,016 vehicles were delivered by AITO in January, representing an 83% increase year-on-year [4] - Seres reported sales of 43,034 new energy vehicles in January, a significant increase of 140.33% [5] - GAC Trumpchi's terminal sales reached 26,937 vehicles in January, up 2.06% [14] - BAIC Blue Valley's subsidiary reported sales of 8,073 vehicles, an increase of 11.83% [19] Group 3: Leadership Changes - BMW Group announced that Christian Ach will succeed Sean Green as the President and CEO of BMW Group Greater China, effective April 1 [20]

Market Overview - On January 30, 2026, the A-share market showed mixed results with the Shanghai Composite Index closing at 4117.95 points, down 0.96%, while the Shenzhen Component Index fell 0.66% to 14205.89 points, and the ChiNext Index rose 1.27% to 3346.36 points. Over 2800 stocks declined, with total trading volume in the Shanghai and Shenzhen markets at 2.84 trillion yuan, a decrease of 390 billion yuan from the previous trading day [1] - The Hong Kong stock market experienced a downward trend, with all three major indices dropping over 2%. The Hang Seng Index fell by 2.08% or 580.98 points to 27387.11 points, with a total trading volume of 301.61 billion HKD. The Hang Seng China Enterprises Index decreased by 2.47% to 9317.09 points, and the Hang Seng Tech Index dropped by 2.1% to 5718.18 points. For the month, the Hang Seng Index increased by 6.85% [1] - U.S. stock markets opened lower and closed down across all three major indices on January 30, 2026. The Dow Jones Industrial Average fell by 0.36% to 48892.47 points, the S&P 500 dropped by 0.43% to 6939.03 points, marking its third consecutive day of decline, and the Nasdaq Composite Index decreased by 0.94% to 23461.82 points, with all indices experiencing intraday declines of over 1% [1] New Stock Offerings - On January 30, 2026, there was one new stock available for subscription, with no new stocks listed [2] - The new stock, Yisiwei, listed on the Sci-Tech Innovation Board under the code 688816, has an issuance price of 55.95 yuan per share and a price-to-earnings ratio of 90.39 times. The company specializes in industrial intelligent vision, integrating design, research and development, manufacturing, and application of machine vision products. It has established a comprehensive system of industrial vision equipment for the automotive manufacturing sector, successfully breaking the long-standing monopoly of foreign brands in this field [3] Important News - On February 1, 2026, the State Taxation Administration issued an announcement clarifying the standards for the value-added tax (VAT) threshold and other management matters. The announcement specifies that the threshold for individual VAT taxpayers will increase from 500 yuan to 1000 yuan per transaction. Additionally, certain specific situations will now be subject to a monthly sales threshold of 100,000 yuan instead of the per-transaction threshold [4] - The Guotou Silver LOF fund announced that it will suspend trading from 10:30 AM on February 2, 2026, with resumption of trading following the Shenzhen Stock Exchange's regulations. If the market price does not effectively decrease, the fund reserves the right to apply for temporary suspension of trading to warn the market of risks [4]

Group 1 - The article highlights the top short-selling ratios for various companies, with JD Health-R, Anta Sports-R, and Lenovo Group-R leading the list at 100.00%, 89.98%, and 89.87% respectively [1][2] - The top three companies by short-selling amount are CSPC Pharmaceutical Group at 1.268 billion, Zijin Mining Group at 1.031 billion, and Xiaomi Group-W at 1.014 billion [1][2] - The highest deviation values in short-selling are recorded for Kuaishou-WR at 36.02%, Xiaomi Group-WR at 30.00%, and Heptagon Pharmaceuticals-B at 26.77% [1][2] Group 2 - The top ten short-selling ratios include JD Health-R at 100.00%, Anta Sports-R at 89.98%, and Lenovo Group-R at 89.87%, with Kuaishou-WR and Xiaomi Group-WR also featuring prominently [2] - The top ten short-selling amounts show CSPC Pharmaceutical Group leading with 1.268 billion, followed by Zijin Mining Group and Xiaomi Group-W [2] - The top ten deviation values indicate significant short-selling activity, particularly for Kuaishou-WR and Xiaomi Group-WR, suggesting potential volatility [2]

车企1月竞争格局生变：小米成"新王"，比亚迪国内磨底 2月1日晚间，比亚迪发布产销快报称，1月销量达21.01万辆，同比下降30.11%，环比下降50.04%。 此前为了促进新能源汽车发展，国内新能源汽车购置税采取全额免征的政策，助力比亚迪等多家新能源车企快速发展。 对比来看，1月仍有多家新能源车企报喜。比如，小米汽车1月的交付量超3.9万辆，超越零跑汽车首次成为造车新势力月度销冠。 同时，赛力斯、蔚来公司、岚图汽车等主打中高端新能源汽车市场的车企，1月交付量（销量）同比分别增长104.85%、96.08%、31.29%。 多家车企掌门人此前预判，一旦走到这个时刻，燃油车和新能源汽车在某种程度上会迎来终极对决，并且会筛选出哪些新能源车企能够正向发展。 | 车企 | 2026年1月销量或交付量(辆) | 同比 | | --- | --- | --- | | 比亚迪 | 210051 | -30. 11% | | 吉利新能源 | 124252 | 2.63% | | 鸿蒙智行 | 57915 | 65. 53% | | 奇瑞新能源 | 52131 | -0. 08% | | 赛力斯新能源 | 43034 | 14 ...