Huabao Fund Hong Kong Stock Connect Auto ETF (520780) surges over 1% on substantial volume! Multiple automakers successively disclose earnings, institutions: the sector rebound window has opened!

On the morning of the 23rd, the Hong Kong stock market’s new energy vehicle industry chain defied the trend and was active. Geely Auto led the gains with over 5%, while Leap Motor and BYD shares both rose more than 3%. In popular ETFs, the Hong Kong Stock Connect Auto ETF Huabao (520780), focused on Hong Kong stocks in the new energy vehicle sector, rebounded after a dip, rising over 1% intraday with trading volume exceeding 73 million yuan.

In terms of news, several automakers released financial reports. Leap Motor became the second new force company to achieve annual profitability. XPeng achieved its first quarterly profit but still posted a loss for the full year. Geely’s sales and revenue both hit new highs.

Huachuang Securities pointed out that the performance of passenger cars continues to stand out, with a warming market. The logic of raising prices on new cars to offset raw material cost increases is beginning to be recognized by some investors. Rising oil and gas prices have strengthened the narrative of going overseas, jointly boosting investment sentiment and opening a rebound window. Additionally, from future sales outlook, lithium carbonate expansion cycles, and overseas expansion pace, Q1 2026 may represent the bottom for the automotive sector’s fundamentals over the next two years.

For those interested in the Hong Kong Stock Connect new energy vehicle industry chain, it is recommended to focus on the Hong Kong Stock Connect Auto ETF Huabao (520780), which tracks an index focused on complete vehicles, while also covering segments like auto parts and industrial metals. The ETF benefits from high auto consumption, accelerated deployment of L3-L4 intelligent driving, and spillover benefits from robotics. It also holds leading Hong Kong stocks such as XPeng, BYD, Li Auto, and Geely, which are scarce in the market, and features active T+0 trading.

Data source: Shanghai and Shenzhen Stock Exchanges, etc.

Risk warning: The Hong Kong Stock Connect Auto ETF Huabao passively tracks the CSI Hong Kong Stock Connect Auto Industry Theme Index, which was established on December 30, 2016, and published on July 21, 2022. The annual returns of the CSI Hong Kong Stock Connect Auto Industry Theme Index from 2020 to 2024 are 92.68%, -1.21%, -43.88%, 5.92%, and 5.57%, respectively. The index components are adjusted periodically according to the index rules. Past performance does not predict future results. The index components shown are for display only; individual stock descriptions are not investment advice and do not reflect holdings or trading activity of any funds managed by the fund manager. The risk level of this fund, assessed by the fund manager, is R4—moderate to high risk, suitable for active investors (C4) and above. All information in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any other statements) is for reference only. Investors are responsible for their own investment decisions. The opinions, analysis, and forecasts in this article do not constitute investment advice and do not hold the fund manager liable for any direct or indirect losses resulting from the use of this content. Investing in funds involves risks; past performance does not guarantee future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest cautiously.

MACD golden cross signals have formed, and these stocks are on a good upward trend!