AutoBeta(AutoBeta.net)05/04 Report--

Zeng Yuqun, chairman of the Ningde era, is worth $34.5 billion, surpassing Li Ka-shing and Lee Shau-kee to become the richest man in Hong Kong, according to the Forbes real-time rich list. Currently, Zeng Yuqun ranks 40th on the Forbes list of the world's richest people, followed by he Xiangjian, founder of Midea.

In addition, according to the Forbes Global Rich list, the Ningde era now has more billionaires than US technology giants such as Google and Facebook, with nine executives and early investors with a fortune of more than $1 billion.

According to the financial report, the operating income of the Ningde era in 2020 was 50.313 billion yuan, an increase of 9.90 percent over the same period last year, and the net profit was 5.583 billion yuan, an increase of 22.43 percent over the same period last year. Although under the influence of the global epidemic in 2020, domestic and foreign enterprises have been hit, especially the automobile industry basically stagnated in the first quarter, but with the improvement of the economy in the second half of the year, most of the excellent enterprises have turned from decline to rise. According to the Ningde Times semi-annual report, operating income in the first half of 2020 was 18.829 billion yuan, down 7.08% from the same period last year, while net profit was 1.937 billion yuan, down 7.86% from the same period last year. Judging from the performance of the whole year, it is commendable to achieve double growth in revenue and profit in the Ningde era.

At present, China is the world's largest automobile and new energy vehicle market, and the position of Ningde era in the domestic market has been continuously consolidated. According to data, the proportion of battery capacity produced by Ningde era in China's electric vehicles rose from 26% in 2018 to 46% in 2020, far ahead of BYD's 16% market share.

In 2020, new energy vehicles are "hugely popular" in the domestic market. Sales of the domestic new energy car market have exploded, and the share prices of new energy concepts Tesla, BYD, "Wei Xiaoli" and Ningde era have skyrocketed, and the valuation of the century-old automobile giant is not as good as that of the new car-building enterprises that have only been established for a few years. The ranking of the market capitalization of global auto companies is beyond recognition.

According to statistics, the stock price of Ningde Times rose by 220.21% in 2020. Up to now, the share price of Ningde era is 388.17 yuan per share, with a total market capitalization of 904.23 billion yuan. Zeng Yuqun, who owns 24.53% of Ningde Times, is worth about 221.8 billion yuan, or $34.26 billion, based on the company's market capitalization.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat