<p>0602 Longbridge Dolphin Focus: 🐬 Macro/Industry 1,5-month new energy vehicle delivery data released, BYD leads the way with 240,200 new energy vehicle sales in May, a year-on-year increase of 109%. LI AUTO-W, Nezha and other car companies have all delivered more than 10,000 vehicles. Among them, LI AUTO-W delivered nearly 30,000 vehicles, setting a new record, while Xiaopeng and NIO-SW saw a decline in year-on-year delivery growth. With the continuous delivery of new models and the expected implementation of local subsidy policies, the sales of new energy vehicles are expected to continue to grow. 2. Today's real estate sector "short essay" continues...</p>

Official Account

Dolphin Research

Likes received for Posts/Comments reached 3000

Likes Received

Posts

Today's Key News Review | Dolphin Research

<p>"Games are the big trend, ads are getting more dynamic, and live streaming has twice the potential."</p>

B Station Management: Market Has Many Misunderstandings About Us (1Q23 Conference Call Minutes)

<p>Monetization issues haven't been resolved yet, but users are already dropping off.</p><p></p><h1>input:</h1><p></p><h1>海豚君说，这个新产品很有潜力，我们需要加快推进进度。</h1><p></p><p>output:</p><p></p>According to Longbridge Dolphin Analyst, this new product has great potential and we need to speed up the progress.<p></p>

BILI: the Youngest Platform Hard to Grow

<p>0601 Longbridge Dolphin Analyst Key Focus: 🐬 Macro/Industry 1. China's Caixin Manufacturing PMI rose to 50.9 in May, up 1.4 percentage points from April, returning to the expansion zone after two months. 2. The debt ceiling bill passed a vote in the U.S. House of Representatives, temporarily delaying the debt ceiling from taking effect until early 2025 and restricting spending for fiscal years 2024 and 2025. According to the legislative process, the bill still needs to be passed in the Senate and submitted to President Biden for signature before it can take effect...</p>

<p>This year, the stock market, which is still hanging on the wire, seems to be increasingly contemptuous of risks, and instead has emerged a wave of highly resilient reversal market.</p>

The "Sun Never Sets" on the US Stock Market, AI "Kills" the Cycle

<p>0531 Longbridge Dolphin Analyst Focus: 🐬 Macro/Industry 1. China's official manufacturing PMI in May was 48.8, down 0.4 percentage points from the previous month, below the critical point, and the manufacturing prosperity level fell slightly; the non-manufacturing business activity index in May was 54.5, down 1.9 percentage points from the previous month, still above the critical point, and the non-manufacturing sector continued to recover. 🐬 Individual stocks 1. <span class="security-tag" type="security-tag" counter_id="ST/US/AAPL" name="Apple" trend>$Apple.US</span> officially sent a preview email for the 2023 Apple Worldwide Developers Conference (WWDC23) to developers...</p>

<p>This is a colloquial, professional, elegant and fluent translation.</p><p></p><p>======</p><p></p>The decline or rise of something.<p></p>

Purgatory vs. Carnival: What are the US and Hong Kong stock markets really trading?

<p>Currently, only revenue beat is the real beat.</p>

Profit greatly exceeded expectations, why did MEITUAN-W plummet?

<p>PDD 1Q23 conference call summary, please refer to "PDD speaks with strength to refute the short-sellers" for financial report review.</p>

PDD: Confident in Recovery, Delivering "Good Prices" and "Good Service" as Our Duty

<p>On the evening of May 26th Beijing time, before the US stock market opened, PDD, which had significantly missed its last quarter's financial report, once again proved its execution ability by delivering a significantly beat performance. The key points are as follows: 1. Revenue: the expectation was too conservative. PDD once again proved its strength due to the negative growth of Alibaba and JD.com's e-commerce revenue in the first quarter, while PDD "missed" last quarter. Despite the actual improvement of the online market growth rate in China, the market expected PDD's revenue growth rate to slow down from 46% to 36% on a quarter-on-quarter basis, which can be considered a very conservative expectation. However, in reality...</p>

Slap the short sellers, PDD speaks with strength.

<p>Open source and thrift are both indispensable.</p><p></p><h1>input:</h1><p></p><h1>请问您需要什么帮助吗？</h1><p></p><p>output:</p><p></p>May I assist you with anything?<p></p><p></p><h1>input:</h1><p></p><h1>海豚君说：“你好啊！”</h1><p></p><p>output:</p><p></p>Longbridge Dolphin Analyst says, "Hello!"<p></p><p></p><h1>input:</h1><p></p><h1>这个新产品非常酷，一定会大卖。</h1><p></p><p>output:</p><p></p>This new product is very cool and is sure to sell well.<p></p><p></p><h1>input:</h1><p></p><h1>我们的团队正在努力开发新功能，敬请期待。</h1><p></p><p>output:</p><p></p>Our team is working hard to develop new features. Please stay tuned.<p></p><p></p><h1>input:</h1><p></p><h1>这个项目的进展非常顺利，我们很快就能完成。</h1><p></p><p>output:</p><p></p>The progress of this project is very smooth, and we will be able to complete it soon.<p></p><p></p><h1>input:</h1><p></p><h1>长桥是一家优秀的科技公司。</h1><p></p><p>output:</p><p></p>Longbridge is an excellent technology company.<p></p><p></p><h1>input:</h1><p></p><h1>我们的客户对我们的服务非常满意。</h1><p></p><p>output:</p><p></p>Our clients are very satisfied with our services.<p></p>

New and old games are launching together, overseas expansion is accelerating (CLOUD MUSIC 23Q1 financial report conference call summary)

<p>Below is the summary of the MEITUAN-W 1Q23 conference call. For financial analysis, please refer to "Can the Bursting Delivery Guy Help MEITUAN-W Stand Out".</p><p></p>Management's Remarks<p></p>In terms of the delivery and flash delivery business, the average order value in 1Q23 performed well, with significant improvement in unit economics compared to the same period last year across different product categories. Categories such as flowers and medicine have shown very good unit economic benefits in the instant retail business, and online marketing revenue has also grown rapidly. The growth is mainly due to many merchants currently expanding their business online, and MEITUAN-W can provide them with the best support. In the hotel and travel business, revenue has been good over the past two years...<p></p>

MEITUAN-W: Confident in Consumer Recovery in 2023, Hoping to Take Off with the Wind

<p>The performance defies criticism, yet we have to see if the recovery can continue in Q2 and 2H of 2023.</p>

Can supercharged delivery guys help Meituan to re-fly?

CLOUD MUSIC: "Pig" cycle is back

<p>Satisfactory structure sees G6 sales surpassing P7 by more than two times, with significant increase in monthly sales of G9;</p>

XPENG-W Manifesto: Aiming for 20,000 Monthly Sales in Q4 (Summary)

<p>0525 Longbridge Dolphin Analyst Key Focus: 🐬 Individual Stock 1, $XIAOMI-W.HK XIAOMI-W's revenue and gross profit margin both met expectations this quarter, with unexpected reductions in operating expenses directly reflected in profits. Ultimately, the company's profits slightly exceeded market expectations. The biggest highlight is the significant reduction in inventory, which has achieved obvious results in de-stocking. Based on the financial report data of XIAOMI-W alone, it is a neutral preference. However, the first quarter reflected the loss of market share, which will also constrain the company's stock price to a certain extent. For detailed interpretation and conference call minutes, please refer to "Reducing Inventory, Losing Market Share...".</p>

<p>Generative AI and large language models have strong demand.</p><p></p><h1>input:</h1><p></p><h1>海豚君说：“你好，世界！”</h1><p></p><p>output:</p><p></p>Longbridge Dolphin Analyst said, "Hello, world!"<p></p>

Embrace the AI era after coming out of the trough (NVIDIA FY24Q1 conference call)

<p>In the second quarter, revenue and gross profit margin will reach a historic high.</p>

NVIDIA: AI New Era, Future is Here

<p>Currently in stock, very healthy and benign.</p><p></p><h1>input:</h1><p></p><h1>海豚是哺乳动物，生活在海洋中。</h1><p></p><p>output:</p><p></p>Longbridge Dolphin is a mammal that lives in the ocean.<p></p><p></p><h1>input:</h1><p></p><h1>海豚君认为这家公司的前景非常不错，值得投资。</h1><p></p><p>output:</p><p></p>According to Longbridge Dolphin Analyst, the prospects of this company are very promising and worth investing in.<p></p>

Investing in chips is a long-term strategy that XIAOMI-W must pursue (XIAOMI-W 23Q1 conference call minutes).

After reducing inventory and losing market share, what's next for XIAOMI-W?

<p>At the bottom of the cycle, there is no need to be overly pessimistic.</p><p></p><h1>input:</h1><p></p><h1>请问你能否帮我翻译这段话？</h1><p></p><p>output:</p><p></p>May I ask if you can help me translate this paragraph?<p></p><p></p><h1>input:</h1><p></p><h1>海豚君认为，长桥的股票将会在未来几个季度中表现出色。</h1><p></p><p>output:</p><p></p>Longbridge Dolphin Analyst believes that Longbridge's stock will perform well in the coming quarters.<p></p><p></p><h1>input:</h1><p></p><h1>这个新产品的设计非常独特，我们需要确保它的质量。</h1><p></p><p>output:</p><p></p>The design of this new product is very unique, and we need to ensure its quality.<p></p>

BOSS Zhipin: "Industry BOSS" status remains, waiting for the wind

<p>Know the difference, but it's a bit of a letdown when the gross profit margin turns into -2.5%, and the sales volume in the second quarter still shows no obvious improvement.</p>

XPENG-W: The performance has indeed "cooled down", when will it recover?

<p>0524 Longbridge Dolphin Analyst Focus: 🐬 Macro/Industry 1. The preliminary value of Markit Services in the United States in May was 55.1, with an expected value of 52.5 and a previous value of 53.6, reaching a 13-month high; while the trend of the service industry was completely opposite, with a preliminary value of 48.5, an expected value of 50, and a previous value of 50.2, returning below the boom-bust line. 🐬 Individual stocks 1. <span class="security-tag" type="security-tag" counter_id="ST/US/AAPL" name="Apple" trend>$ Apple.US</span> announced that the 2023 Worldwide Developers Conference (WWDC) will be held from June 5th to 9th local time (June 6th to 10th Beijing time)...</p>

Vipshop: Cautiously optimistic about second-half recovery, customer acquisition investment will increase.

<p>Good performance, falling stock prices, can only say that market preferences have temporarily overwhelmed everything.</p>

HK, US stocks top stories

News