Yesterday, the auto sector in the stock market rose sharply, and it has opened higher for three consecutive days. As of the close, it rose 3.09% to 22552.25 points, a new high in the past five years. OEMs became popular across the board. Among them, BYD (A-share: 002594, H-share: 01211) led the gains, rising by 10% and 16% respectively, becoming the first A-share auto company with a market value of over 500 billion yuan. In addition, Brilliance China (01114), SAIC Group (600104), King Long Automobile (600686) and Zhongtong Bus (000957) all increased by more than 8%.

       This year, the automobile sector has been favored by the capital market, and has been on the rise. After breaking through the 20,000-point mark in August, it continued to rise. In just 7 months from April to the present, the auto sector has risen by nearly 7,400 points.

       Among the stock car companies that rose sharply yesterday, BYD and King Long Auto performed particularly well. The former A shares had a daily limit of RMB 184.83 per share at the end of the trading session; the latter had a daily limit of RMB 8.06 per share at the opening. The rise in stock prices to a certain extent represents the recognition of the company's performance by the capital market, but the recent performance of the two "dark horses" yesterday's daily limit is quite different.

       Data show that BYD sold 46,560 vehicles in October, a year-on-year increase of 14.7%. Among them, the sales of new energy vehicles in October was 22,045, a year-on-year increase of 83.1%. BYD Han, the flagship smart new energy sedan, sold 7,545 units, an increase of 34.4% from the previous month. Since its launch in July this year, cumulative sales have reached 18,362 units.

      In terms of finance, BYD's operating income in the third quarter was 44.520 billion yuan, a year-on-year increase of 40.72%, and its net profit deducted from non-parenting companies increased significantly year-on-year by 1130.25% to 1.577 billion yuan.

       The financial data of King Long Motor, which has the same daily limit, is not satisfactory in comparison. The third quarter report shows that King Long Motor’s operating income was 8.54 billion yuan, a year-on-year decrease of 26.57%, and net profit deducted from the parent company was a loss of 335 million yuan. Yuan, a sharp drop of 432.10% year-on-year. However, its October sales increased year-on-year to 3,963 vehicles, an increase of 4.45%. At the same time, its parent net assets at the end of the third quarter also increased by 10.15%, currently at 4.884 billion yuan. ,

       In addition, it is worth mentioning that Brilliance China also rose by 10.63% yesterday, to 7.70 Hong Kong dollars per share, which may be related to the announcement by Brilliance Group to pay interest on the bond "17 Huaqi 05". On November 4, Brilliance Group announced on the Shanghai Stock Exchange that the expiration date of "17 Huaqi 05" was October 23, 2020. Due to the company's shortage of funds, the bond principal and interest could not be redeemed on time. After the company's efforts to raise funds, the interest of the aforementioned bonds will be paid the next day from October 23, 2019 to October 22, 2020.