My fintech empire.

The outside world does not know how Xingyu Technology’s new energy vehicle is progressing as the company has done a very good job of keeping it confidential. However, Fang Hong knows the detailed progress and he is very confident about the company’s first new energy vehicle.

According to Xingyu Technology's current production capacity, deliveries can be made in batches by early 2020.

However, Qin Feng's decision to hold a special launch conference for new energy vehicles this fall is not a big problem. According to him, the only issue now is production capacity, and other aspects have been completed, and it's just a matter of waiting for the car to come off the production line and go on sale.

Fang Hong ended the video call with Qin Feng, then looked at the trend of the New Securities 50 Index and couldn't help but think: "It's just right to take advantage of the momentum of the Xingyu Technology New Energy Vehicle Conference to drive the new energy sector and help the New Securities 50 Index to get out of the adjustment range, break through the new high and continue to rise..."

Speaking of which, the new energy vehicle sector index is now almost falling to the level at the beginning of the year. The sector's correction has reached about -25%, basically wiping out all the big gains in the first quarter.

Because the new energy vehicle industry is relatively sluggish this year, the main factor is the gradual reduction in government subsidies. Many new energy brands are on the verge of death without subsidies, and many brands are simply cheating on subsidies. This is also one of the reasons why the country introduced Tesla.

However, with the entry of Xingyu Technology, this situation will change, even dramatically.

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 indeed a bit long. 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 New Securities 50 Index no longer fell, but fluctuated upward, closing down -0.29% on Wednesday, up +1.16% on Thursday, and down -0.72% on Friday, closing at 5145.01 points after the market.

Although there was no big rise in these three days, the downward gap on August 8 was filled. However, when the market fell on the fourth day of the month, two downward gaps were created, and now there is only the gap on Friday, August 5.

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

When the outside world saw this news, they were all shocked, because according to regulations, the pre-disclosure of interim performance generally requires an increase or decrease of 50% before it can be disclosed.

It is obviously impossible for Xingyu Technology to see its performance cut in half all of a sudden, so it can only expect an increase in revenue. When investors in the market saw the company's pre-disclosed annual report before reading the content, they were all shocked.

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

However, after reading the specific content, I suddenly realized that the performance was not that outrageous.

According to its performance forecast, it is still very exaggerated. The total revenue scale of the interim report is expected to reach 10750 trillion yuan, and the net profit is expected to be 2350 billion yuan, an increase of about 35% year-on-year.

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

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

Normally speaking, since the expected performance increase has not reached the 50% line, there is no need for Xingyu Technology to pre-disclose its performance. The exchange encourages listed companies to pre-disclose, but it will not be mandatory. Only when the expected increase or decrease reaches 50% will mandatory pre-disclosure be required.

Many investors understood the situation after seeing it!

Xingyu Technology has taken the initiative to pre-disclose its interim results. There must be a big shot who went to say hello. It must be someone from the management of the Singapore Exchange or Fang Hong.

Combined with the current market trends, it is obvious that Xingyu Technology is planning to release better-than-expected performance to boost market confidence. If the market fails to boost, there will definitely be other tools later, and the stabilization fund may even take action.

新证50指数这一轮调整从7月2日走出的历史次高位5453.44点调整到5094.36点，累计下跌-6.58%。换句话说，本周二走出的最低点5094.36点就是这一轮调整的底部，不大可能会跌破5000点大关。

As soon as Xingyu Technology’s interim results were disclosed, many people understood the management’s intentions.

As expected, when the market opened on Monday, the Xinzheng 50 Index opened higher by +0.55%, and it opened higher and continued to rise. Xingyu Technology opened higher by +1.76% today, and it also fluctuated upward at the opening, and its market value returned to the 13 trillion mark.

It is worth mentioning that when the New Securities 7 Index reached the 50 point mark in early July, the market value of Xingyu Technology's stock also hit a new high, soaring to 5400 trillion yuan at one point.

As of the closing, the SGX 50 Index showed a bright trend and successfully crossed the 5200 point mark. It closed up 1.86% after the market closed at 5240.78 points. The turnover of the SGX market was 8303 billion.

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

On Friday, the S&P 50 Index rose by more than 1 percentage point at one point, reaching the 5300 point mark, filling the downward gap on August 8.

However, it started to fall back after rising at 14 p.m. and did not stabilize at 5300 points.

In the end, the SGX 50 Index closed up 0.33% after the market at 5281.25 points. The total turnover of the SGX market for the whole day was 9246 billion, a slight decrease of nearly 300 billion from Thursday.

……

Less than half an hour after the market closed on Friday, Xingyu Technology released a major announcement, which caused a stir in the capital market and the new energy vehicle industry.

Xingyu Technology announced that it will hold a special autumn launch conference for new energy vehicles on Saturday, September 2019, 9. Once the news was announced, it caused a huge sensation in the industry. Previously, Fang Hong had posted on Weibo hinting that Xingyu Technology’s first new energy vehicle would be on the market soon.

Now we can be sure that it is really coming!

This weekend, the hottest topic in the technology and capital circles was the release of Xingyu Technology’s first new energy vehicle.

After so many years of holding back on this big move and investing astronomical amounts of money in research and development, the company has now officially announced the release of its product. The market's expectations for the launch of Xingyu Technology's first new energy vehicle product have been raised to the maximum.

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

At the same time, the capital market is also very excited, especially shareholders holding Xingyu Technology shares.

……

After the weekend, it’s Monday, August 8th.

When the SGX market opened, the SGX 50 Index reached the 5300 point mark in the call auction, opening at 5302.82 points, +0.41%, and Xingyu Technology topped the list of today's individual stock popularity lists.

This stock opened higher today by +3.26%, while 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 will boost 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, and the SGX 50 Index opened high and continued to rise. Xingyu Technology also showed a trend of rising both 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 is expecting this stock to set a new historical high today. It only needs to rise to +7.96% to set a new high.

However, it ultimately failed to break through the new high. The market closed just within reach of the new high, but it also returned to the 14 trillion mark.

As of the closing, Xingyu Technology surged by +7.21% to 50.93 yuan, with a total market value of 14.02 trillion yuan and a daily trading volume of 1579 billion yuan.

The SGX 50 Index successfully regained the 5400 point mark today, closing at 2.66 points, up 5421.89% after the market. The trading volume of the SGX market also exceeded one trillion, reaching a huge 10432 billion.

...(End of chapter)