Industry

  • 95% will attend Black Friday and Cyber ​​Monday events. According to the results of a new study conducted by UserTesting and OnePoll, 63% of U.S. consumers consider in-store Black Friday shopping a tradition. 95% plan to attend this year’s Black Friday and Cyber ​​Monday events, and a third plan to shop online and in-store.
  • Global new ship orders increased by 19% year-on-year. Recently, Clarksons, an analysis agency for the British shipbuilding and maritime industry, released data that the global order book for new ships in October was 3.41 million revised gross tons (CGT, 75), an increase of 19% year-on-year. Among them, China topped the list with 1.8 million revised gross tonnage (32 ships, 53%), and South Korea received 1.43 million revised gross tonnage (22 ships), ranking second with a market share of 42%.

Industry China

  • China Securities Journal: From January to September, China’s power battery output reached 372.1GWh, a year-on-year increase of 176.2%. According to the industry, the recycling of power batteries has entered a critical period. Accelerating the establishment and improvement of the power battery recycling system and alleviating the problem of resource shortage through battery recycling and recycling are crucial to promoting the healthy and orderly development of the new energy vehicle industry.
  • China Automobile Association: In October, the installed capacity of power batteries in China was 30.5GWh, a year-on-year increase of 98.1% and a month-on-month decrease of 3.5%. Among them, the loading of ternary batteries was 10.8GWh, an increase of 55.2% year-on-year, and a decrease of 3.5% month-on-month; the loading of lithium iron phosphate batteries was 19.7GWh, an increase of 133.2% year-on-year and a month-on-month decrease of 3.6%.
  • Zeng Yu, Director of China Internet Network Information Center: With the promotion of quantum network, 6G and satellite Internet, mankind will enter the era of integrated development of space, sky and earth. It is expected that by 2030, the global quantum network will be commercialized, and the market size will reach more than 15 billion US dollars, which will subvert the existing standard protocols related to underlying applications.
  • China Charging Alliance: Public charging piles increased by 39,000 units in October compared with September, a year-on-year increase of 57.71%. As of October, member units in the alliance reported a total of 1.675 million public charging piles, including 709,000 DC charging piles and 966,000 AC charging piles. From November 2021 to October 2022, about 51,000 new public charging piles will be added per month.
  • CINNO Research: The sales volume of folding screen mobile phones in the Chinese market reached 723,000 in the third quarter, a significant increase of 114% year-on-year. Huawei’s market share reached 53.2%, accounting for more than half of the market, still leading the domestic folding mobile phone market; Samsung’s market share was 20.5%, down 16.1 % year-on-year; Xiaomi’s market share was 9.0%, up 5.8 %year-on-year, ranking third.
  • Qunar (去哪儿网): As of November 10, the platform has received 30% more orders for customized tours than the previous two weeks. On the platform, the group building customized tour projects cost an average of RMB500/man/day, and the group building travel distance around the city is within 300 kms. Since the second half of the year, the proportion of accommodation expenditures in customized tour group building orders has increased by 14%, and the proportion of group building orders with less than 20 people has increased by 20% year-on-year.

China

  • Central Bank: At the end of October, the balance of broad money (M2) was 261.29 trillion yuan, a year-on-year increase of 11.8%. The growth rate was 0.3% lower than that at the end of last month and 3.1 % higher than that of the same period last year; the stock of social financing was 341.42 trillion yuan. A year-on-year increase of 10.3%. In October, the scale of social financing increased by 907.9 billion yuan, a decrease of 709.7 billion yuan compared with the same period of the previous year; RMB loans increased by 615.2 billion yuan, a decrease of 211 billion yuan year-on-year.

Company

  • Weilai: In Q3, revenue was 13 billion yuan, a year-on-year increase of 32.6%. The net loss was 4.1108 billion yuan, and the loss expanded by 392.1% year-on-year; the Q4 revenue is expected to be 17.37 billion-19.23 billion yuan. In addition, Li Bin said that next year’s single-quarter R&D expenditure will be about 3 billion yuan, and the long-term gross profit margin target is 25%-30%; five new models will be launched in the first half of next year, and the monthly sales of popular models are expected to be 50,000units.
  • TSMC: In October, consolidated revenue was NT$210.27 billion, a year-on-year increase of 56%. The cumulative revenue this year was NT$1.85 trillion, a year-on-year increase of 44%.
  • Coupang announced results, with net revenue up 10% year-on-year. Recently, South Korean e-commerce giant Coupang announced third-quarter results, with an operating profit of $77.4 million, compared with a loss of $315 million in the same period last year. Net revenue rose 10% from a year earlier to $5.1 billion, and the number of active customers rose 7%.
  • DHL announced results, with revenue up 20% year-on-year. Recently, German logistics giant DHL reported its third-quarter results, with revenue up 20% year-on-year to $24.1 billion; EBIT was $2.01 billion. Ocean freight revenue rose 67.2% year-on-year, or 40.4% excluding Hillebrand. Seaborne volume increased by 11.9% year-on-year.
  • Adidas reported results, with profits down 16%. Recently, Adidas announced its financial results for the third quarter of 2022. Net sales for the quarter were 6.408 billion euros, an increase of 11.4% year-on-year; operating profit was 564 million euros, a year-on-year decrease of 16.0%; gross profit margin decreased by 1.0 percentage points to 49.1%.

World

  • US: In October, CPI rose 0.4% MoM vs. 0.6% expected. It rose 7.7% year-on-year, compared to expectations of 7.9%. Core CPI rose 6.3% year-on-year, compared to expectations of 6.5%.
  • Greece: On November 9, local time, two major trade unions in Greece held a 24-hour national general strike to protest the current high inflation and soaring energy prices in the country.
  • Turkey: Announcement to start paying part of gas bills in rubles.
  • India: Manufacturing PMI rose to 55.3, expanding for the 16th consecutive month.
  • South Korea: Foreign reserves fell by $2.76 billion to $414.01 billion in October, shrinking for three consecutive months.
  • Algeria: Announced its official application to join the BRICS. (Currently, in terms of energy supply, Algeria has the fifth largest natural gas reserves in the world and the second largest exporter of natural gas, and the 15th largest oil reserves in the world.)