shensi

$EH, $TCEHY, $PDD. Not investment advice.

[shensi @0x50896]

$EH Haichen Star stated on the investor interaction platform that the company is deeply involved in the development of solid-state battery technology, which adopts oxide-based solid electrolytes and lithium metal anode materials. The energy density of these batteries exceeds 450Wh/kg, significantly higher than that of current mass-produced semi-solid-state batteries, 250~350Wh/kg. The batteries have also passed extreme environmental tests such as nail penetration, high temperature, and low temperature, and their safety performance has been certified.
Currently, this solid-state battery has already been applied in EHang Intelligent's passenger-grade eVTOL (electric vertical takeoff and landing) aircraft. However, due to the NDA with the Ehang, the company is unable to disclose specific details about the project.

[shensi @0x50896]

@davidrliu I find it really hard to understand. On one hand, the prime-edited therapeutic shows positive clinical outcomes in CGD; on the other hand, Prime Medicine is deprioritizing its CGD programs. What's going on?

[shensi @0x50896]

$EH He Yi Aviation has recently announced the recruitment for 43 positions.
Management Position:
Vice President of Operations – 1 person
Functional Positions:
Business Development – 3 person
Copy Editor – 1 person
Operations Assistant – 1 person
Human Resources Manager – 1 person
Tour Guide/Presenter – 1 person
Security Inspector – 1 person
Technical Positions:
Flight Operations – 9 person
Operations Control – 6 person
Ground Services – 1 person
Maintenance Technician – 7 person
Engineering Technician – 2 person
Production Planning – 2 person
Quality and Safety Officer – 2 person
Aircraft Parts Management – 1 person
Safety Audit – 3 person
Operations Standards – 1 person

[shensi @0x50896]

$BABA Alibaba's U.S.-listed shares fell 7.6% after its latest financial report was released. The main issue lay in its Cloud Intelligence business, where market expectations were too high—many had anticipated growth of over 20%, with some even forecasting much higher figures. However, the actual growth rate came in at 18%.
In reality, this is quite normal. With the emergence of DeepSeek, costs have dropped significantly, prompting many clients to procure hardware themselves and deploy DeepSeek independently. Moreover, DeepSeek has effectively rendered many second-tier Chinese large models obsolete practically overnight, resulting in a short-term decline in training demand. Excluding these two factors, however, demand on the application side is growing rapidly and will continue to rise in the future.
Alibaba’s valuation among Chinese internet companies is fairly standard. But when compared to similar e-commerce companies in other regions—such as Sea Ltd in Southeast Asia or MercadoLibre in Latin America—its valuation remains very cheap.
After yesterday’s price adjustment, if the stock dips a bit further, it would still offer attractive value for investors.

[shensi @0x50896]

$TCEHY (HK 00700) Tencent has delivered a quarterly report that exceeded market expectations on both revenue and non-GAAP net profit.
1/ The strong performance of Tencent's gaming division benefited to some extent from this year being a "light year" for games (not many new products). Under such circumstances, the "winner-takes-more" effect among high-DAU titles has become more pronounced.
2/ Advertising revenue also saw solid growth driven by the Video Accounts, but it is still far from reaching its monetization ceiling. Future growth will largely depend on whether e-commerce within WeChat can scale up.
3/ The multi-year cost-cutting and efficiency-enhancing measures may now be approaching a tipping point. The situation in which profit growth outpaces revenue growth by a significant margin could end at any time—and the same applies to other major Chinese internet companies.

[shensi @0x50896]

$MPNGY $JD
Recently, JD has entered Meituan's territory by starting a food delivery business. The stock prices of both companies have begun to plummet. JD has invested heavily in PR, creating significant buzz. Richard Liu even personally delivered meals to promote the initiative. However, some professional investors I follow generally don’t think highly of JD’s venture into food delivery. JD claims its reason for entering this space is to prevent merchants and delivery riders from being overly exploited. In reality, though, Meituan’s food delivery business doesn’t have high gross margins. The argument JD is making is essentially a false premise. In fact, over the past few years, Meituan has been encroaching on JD’s core business. One of the key advantages of shopping on JD has been the ability to place an order today and receive it at your doorstep the next day. But with Meituan’s local commerce model, you can buy something and have it delivered within half an hour. As a result, many consumers have gradually shifted their spending from JD to Meituan. This has put JD in a precarious situation. Entering the food delivery market is its attempt at self-preservation. But this effort is most likely in vain. This presents a good opportunity to invest in Meituan.
Code $MPNGY HK 03690

[shensi @0x50896]

@MPNGY(HK 03690) $JD
Recently, https://t.co/R8bXYJpmEd has entered Meituan's (MPNGY) territory by starting a food delivery business. The stock prices of both companies have begun to plummet. https://t.co/R8bXYJpmEd has invested heavily in PR, creating significant buzz. Richard Liu even personally delivered meals to promote the initiative. However, some professional investors I follow generally don’t think highly of https://t.co/R8bXYJpmEd’s venture into food delivery. https://t.co/R8bXYJpmEd claims its reason for entering this space is to prevent merchants and delivery riders from being overly exploited. In reality, though, Meituan’s food delivery business doesn’t have high gross margins. The argument https://t.co/R8bXYJpmEd is making is essentially a false premise. In fact, over the past few years, Meituan has been encroaching on https://t.co/R8bXYJpmEd’s core business. One of the key advantages of shopping on https://t.co/R8bXYJpmEd has been the ability to place an order today and receive it at your doorstep the next day. But with Meituan’s local commerce model, you can buy something and have it delivered within half an hour. As a result, many consumers have gradually shifted their spending from https://t.co/R8bXYJpmEd to Meituan. This has put https://t.co/R8bXYJpmEd in a precarious situation. Entering the food delivery market is its attempt at self-preservation. But this effort is most likely in vain. This presents a good opportunity to invest in Meituan.

[shensi @0x50896]

3/ Recently, many people have been debating the substitutive role of supercharging and battery swapping. I won’t comment on the distant future, but in the short term, they will definitely coexist. NIO's current advantage in the Yangtze River Delta region is immense. Living here, recharging is indeed more convenient than refueling. The delivery of over 100,000 units in the Shanghai area is the best proof. Historical experience tells us that sales in ultra-first-tier cities will serve as a bellwether, with second- and third-tier markets and lower-tier markets following suit.
Today, we can see the promotional effect of NIO's battery swapping on sales in the Jiangsu-Zhejiang-Shanghai data. NIO has cumulatively built 1044 battery swap stations in the Jiangsu-Zhejiang-Shanghai region, accounting for 32% of the national total. The "free shipping zone" has also become the "free swap zone." In July and November 2024, Zhejiang and Jiangsu respectively achieved 100,000 deliveries, together with Shanghai forming NIO’s “golden triangle” of sales. Given the forward-looking nature of consumption in Jiangsu-Zhejiang-Shanghai, it can be expected that this trend will spread nationwide.
I think Li Bin’s statement is very accurate – "We underestimated the role of battery swap stations in promoting car purchases. Battery swapping has a network effect; the more stations built, the better the user experience."

[shensi @0x50896]

$NIO (repost)
1/ This year, when many people were politically correct in criticizing NIO, I emphasized a point of view: not only will NIO not fall, but it will become stronger and stronger.
After the implementation of the 5-year free battery swap + 5-year 0% interest policy, the market feedback was very positive. Weekend single-day orders exceeded a thousand, and the entire week broke through 9K+. This is also reflected in the weekly insurance registration volume. Last week, NIO + Laodao's insurance registration volume exceeded 4100+, ranking just behind the top few brands in terms of data. But don't forget that NIO operates in the hardest high-end + pure electric market.

[shensi @0x50896]

2/ In fact, there is a little-known but very important trend this year – the return to high growth for pure electric models. From January to March this year, the cumulative growth of pure electric models reached 45.2%, while extended-range vehicles entered a bottleneck period with only 0.7% growth. Of course, all of this includes the mid-to-high-end vehicle market, which are all potential opportunities for NIO.
And I believe that when we discuss brands, we cannot completely judge by results. Otherwise, no one has the right to criticize BYD or point fingers at Toyota. We need to look more at the actual products. From today's perspective, even though NIO’s 2024 models currently being discounted have entered the "end of life" phase, they still come standard with four Orin chips and laser radars, and have a computing power of 1016 TOPS, providing stronger overall product strength. This year, NIO should put substantial effort into autonomous driving. As long as the 2024 NIO models equipped with the "Banyan·Ficus" intelligent system can be upgraded, users will enjoy better autonomous driving experiences.

Not to mention, from the ET9, I see NIO’s development trend for the next five years. The trickling down and popularization of high-end technology in the new energy era is rapid, and at least NIO is on the right technological path. Coupled with the inherent advantages of battery swapping, NIO does have a certain irreplaceability to some extent.

[shensi @0x50896]

@MartinK50824146 Actually the possibility of delisting from the US stock market is very small, almost zero.

[shensi @0x50896]

Ehang holdings has an average rating of Buy and mean price target of $28.02, according to analysts polled by FactSet.

[shensi @0x50896]

$EH Deutsche Bank upgrades Ehang to Buy from Hold, adjusts price target to $20 from $22.

[shensi @0x50896]

Today, William Li, CEO of NIO, stated that he would be an incompetent CEO if NIO fails to make a profit or maintain sustainable and healthy operations.
William Li also mentioned that regarding the goal of achieving profitability in the fourth quarter, NIO is improving its spending efficiency. Achieving profitability at the company level is not complicated, and he is very confident about it because this year is a big year for NIO in terms of product launches and technological advancements. At the same time, the company's battery swapping and charging network is being actively expanded according to plan.

[shensi @0x50896]

$NIO (From EV Fans) It has confirmed that the number of new substantial deposit orders for NIO's main brand exceeded 9k last week, not including LeDao.
The significant growth is speculated to be due to the recent price reduction strategy.

[shensi @0x50896]

HK exchange, HKEX (HK 00388) shares surged over 7% in the morning session.

[shensi @0x50896]

TravelSky Technology Limited (00696 HK)
China's State Taxation Administration issued the "Announcement on Promoting the 'Instant Refund upon Purchase' Service Measure for Overseas Tourists’ Departure Shopping Tax Refund," clarifying that starting from April 8, the 'Instant Refund upon Purchase' service measure for departure tax refunds will be promoted nationwide.
Compared to the traditional process of handling departure tax refunds, this new approach advances the refund process so that overseas tourists can receive their refund at the point of purchase. This allows travelers to obtain the refund on-site and use it for further consumption.
144-hour visa-free + tax-free

[shensi @0x50896]

You've raised a very sharp question. Everyone can have their own judgments, and ultimately everyone pays for their own ideas. But at least on one point, unless we believe in the value of something, we should invest in it. If you hold something that you don't think is valuable, you will be very miserable.

[shensi @0x50896]

$EH The price of EH has fallen back to where it was two years ago, before the TC dropped, or even lower. The scenes from that time are still vivid in my mind.
Sometimes I wonder if this investment was a mistake.
But now, I see it more as a kind of trial. Don’t be greedy, don’t be envious, don’t be fearful. Trust the fundamentals, trust common sense, trust in value. At the very least, they’ve done what they promised—there’s at least genuine sincerity here. The rest, I’ll leave to fate.

[shensi @0x50896]

I am a follower of Stoicism:
Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our own actions.
— Epictetus, Enchiridion