Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 2.69% Amid Mixed Performance in Chinese Tech Stocks

On March 14th (Friday), Eastern Time, all three major U.S. stock indexes rose by more than 1%. The S&P 500 Index increased by 2.13%, closing at 5638.94 points; the Dow Jones Index rose by 1.65%, closing at 41488.19 points; and the Nasdaq Index rose by 2.61%, closing at 17754.09 points.

On March 14th, the Nasdaq Golden Dragon China Index increased by 2.69%.

In terms of popular Chinese concept stocks, jd.com rose by 4.66%, nio increased by 3.49%, pinduoduo grew by 3.18%, bilibili rose by 2.14%, alibaba increased by 1.99%, TSMC went up by 1.44%, XPeng fell by 6.31%, NetEase decreased by 0.72%, and Baidu declined by 0.47%.

Among the continuously rising Chinese concept stocks, Brightstar Logistics increased by 3.18% over nine consecutive days, with a cumulative increase of 44.33%. Tiandi Hui rose by 7.03% over five days, with a total increase of 13.93%. BeiGene increased by 1.81% over four days, with a total increase of 6.81%. Full Truck Alliance rose by 1.18% over four days, with a 5.91% increase. BOSS Zhipin increased by 4.72% over four days, totaling a 13.44% increase. Zai Lab rose by 5.70% over four days, with a total increase of 10.12%. Daqo New Energy increased by 1.98% over four days, with a 4.73% increase. Silvercorp Metals rose by 0.49% over four days, with a total increase of 13.33%. Yiren Digital increased by 7.62% over four days, totaling a 12.75% increase. X Financial rose by 8.61% over four days, with a total increase of 15.86%. Yatsen Holding increased by 6.94% over four days, with a total increase of 31.33%. Fulang Group rose by 3.32% over four days, with a total increase of 14.74%. Biomedica Baird increased by 10.16% over four days, with a total increase of 71.95%. Globale Mofei rose by 0.49% over four days, with a total increase of 22.62%. Burning Rock Biotech increased by 9.36% over four days, totaling a 21.63% increase. Luokung Technology rose by 1.66% over four days, with a total increase of 17.68%. Jinsheng Amusement increased by 4.11% over four days, with a total increase of 12.87%. Deswell Industries rose by 0.10% over four days, with a 1.03% increase. Pai Ming Xin Cheng increased by 1.18% over four days, with a total increase of 11.76%. Ruitu Ecology rose by 4.35% over four days, with a total increase of 11.05%.

Among the continuously declining Chinese concept stocks, Next Technology decreased by 1.43% over twelve consecutive days, with a cumulative decrease of 75.85%. DayDayCook fell by 1.84% over seven days, with a total decrease of 23.93%. Liandai Technology decreased by 4.39% over six days, with a total decrease of 20.19%. Boqii Pet fell by 0.47% over six days, with a total decrease of 27.65%. China Education Group decreased by 8.13% over five days, with a total decrease of 27.59%. Nongmi Products fell by 4.15% over five days, with a total decrease of 33.52%.

Li Auto: 2024 Net Profit of 8 Billion Yuan, Down 31.9% Year-on-Year
Li Auto announced that for the fourth quarter of 2024, total revenue was 44.3 billion yuan, a year-on-year increase of 6.1%, and net profit was 3.5 billion yuan, down 38.6% year-on-year. For the full year 2024, total revenue reached 144.5 billion yuan, a year-on-year increase of 16.6%, with a net profit of 8 billion yuan, down 31.9% year-on-year. Fourth-quarter vehicle sales revenue was 42.6 billion yuan, a year-on-year increase of 5.6%, and full-year vehicle sales revenue was 138.5 billion yuan, a year-on-year increase of 15.2%.

Baidu Maps Launches World's First Intelligent Driving Level Parking Space Navigation
Baidu Maps officially released the world's first intelligent driving level parking space navigation, achieving a connection from lane-level navigation to parking space-level parking. Baidu Maps, relying on BeiDou high-precision positioning technology, has currently completed coverage of millions of parking lots nationwide; and with China Tower, has promoted the large-scale application of indoor high-precision positioning.

Tesla Responds to Cooperation with Baidu on Intelligent Driving as Untrue
Recently, according to reports, Tesla is cooperating with Baidu to improve the performance of its Full Self-Driving (FSD) system in China. Sources stated that Baidu sent a team of map engineers to Tesla's Beijing office in recent weeks to integrate Baidu's navigation map information, such as lane markings and traffic lights, with Tesla's FSD V13. In response to this news, Tesla stated on March 14th that the cooperation between Tesla and Baidu is limited to map navigation. The online information "Tesla is cooperating with Baidu to enhance its smart assisted driving system performance in the Chinese market" is not true.

XPeng Huitian Applies for Apollo Trademark Registration
Intellectual property information shows that recently, Guangdong Huitian Aerospace Technology Co., Ltd. applied to register the "Apollo" trademark, classified internationally under transportation tools. The current trademark status is awaiting substantive examination. Guangdong Huitian Aerospace Technology Co., Ltd. was established in December 2020, with Zhao Deli as the legal representative, a registered capital of 330 million dollars, and business scope including manufacturing and sales of intelligent unmanned aerial vehicles, sales of intelligent robots, etc., wholly owned by HT Flying Car (Hong Kong) Limited.