Chinese Concept Stocks | NIO Rises 6.82% as JD.com and Li Auto Make Headlines

On April 28th (Monday) Eastern Time, the U.S. stock market showed mixed performances across the three major indices. The S&P 500 Index rose by 0.06%, closing at 5528.75 points; the Dow Jones Index increased by 0.28%, closing at 40227.59 points; and the Nasdaq Index fell by 0.10%, closing at 17366.13 points.

On April 28th, the Nasdaq Golden Dragon China Index rose by 0.68%.

Regarding popular Chinese concept stocks, NIO increased by 6.82%, JD.com rose by 0.52%, Alibaba fell by 1.61%, TSMC declined by 1.12%, Pinduoduo dropped by 0.89%, Bilibili decreased by 0.80%, XPeng Motors fell by 0.75%, NetEase decreased by 0.61%, and Baidu dropped by 0.41%.

In terms of Chinese concept stocks with consecutive gains, Wangban Technology saw a latest increase of 0.08% with a 21-day streak, totaling a 29.35% increase during this period. Haidilao rose by 0.84% over 7 days, achieving a 17.59% increase during the streak. Huya increased by 1.72% over 7 days, totaling a 5.99% gain. Sohu surged by 6.36% over 7 days, marking a 33.12% increase. Hesai experienced a rise of 0.39% over 6 days, totaling a 40.27% gain. UP Fintech Holding rose by 6.73% over 6 days, achieving a 24.34% increase. DouYu climbed by 3.88% over 6 days, marking a 14.58% rise. Yuxin Technology increased by 3.38% over 6 days, totaling a 40.00% gain.

Regarding Chinese concept stocks with consecutive declines, Huachen Technology saw a latest decrease of 3.92% over 5 days, totaling a 7.66% decline during this period. MicroAlgo dropped by 10.23% over 5 days, achieving a 40.05% decrease. Blue Hat fell by 1.39% over 5 days, totaling a 13.77% decline. WeRide saw a decline of 5.54% over 4 days, totaling a 24.35% decrease. SoftCloud Technology dropped by 13.84% over 4 days, achieving a 36.15% decline. Sovell fell by 4.33% over 4 days, totaling a 14.17% decline. Cloud Classroom decreased by 0.48% over 4 days, achieving a 37.12% decline. Meihua International experienced a drop of 3.68% over 4 days, totaling a 7.80% decline. Lingyang Holdings fell by 0.71% over 4 days, achieving a 10.32% decrease.

Beijing Dongcheng State-owned Capital Operation Co., Ltd. announced that the Dongcheng District State-owned Assets Supervision and Administration Commission has transferred 100% of the equity of Beijing Jiayuan Investment Operation Co., Ltd. to the company without compensation. The Dongcheng District State-owned Assets Supervision and Administration Commission has also decided to transfer 100% of the equity of Beijing Chongyuan Group Co., Ltd. to the company without compensation.

Nanjiguang announced a net profit of 20.6269 million yuan for 2024, marking a year-on-year increase of 106.76%. Its operating revenue for the year was 457 million yuan, a decrease of 2.50% compared to the previous year. The basic earnings per share amounted to 0.0926 yuan. The company plans not to distribute cash dividends, send bonus shares, or increase capital by converting reserve funds.

Nanjiguang reported a net profit of 29.729 million yuan for the first quarter of 2025, marking a year-on-year increase of 367.01%. Its operating revenue for the quarter was 186 million yuan, representing a year-on-year growth of 265.54%.

A JD.com courier revealed that his post-tax income has exceeded one million yuan after 13 years of employment, attracting attention from netizens. On April 27th, a 45-year-old courier in Anhui released a video stating that his salary after taxes amounted to over one million yuan throughout his 13-year tenure at JD.com. His social insurance and housing fund contribution base was 8045 yuan, with no interruptions or delays in payments. The courier stated, "JD.com has provided us with a decent living."

Li Auto announced that its self-developed Galaxy OS is officially open-sourced. The Galaxy OS is Li Auto's self-developed automotive operating system, and in March this year, Li Auto's founder Li Xiang announced that the system would be open-sourced. The first batch of open-source code is now available for download on Li Auto's official website open-source forum.