Analysis Report on Investment Value of Chinese Concept Stocks

Based on data from brokerage APIs, the following is an analysis of the fundamentals and valuations of Baidu, NIO, Xpeng, Alibaba, and Pinduoduo:

• Valuation: TTM P/E ratio is approximately 11.85x, P/B ratio about 1.15x [0].
• Profitability and Financial Quality: Net profit margin is approximately 20.97%, ROE about 10.43%; current ratio is around 1.85, with good short-term solvency [0].
• Recent Performance: Rose approximately 5.21% intraday, with a year-to-date gain of about 61.36%. Over the past 60 trading days, the price range was $108.01—$149.51, volatility (daily standard deviation) around 3.08%, and the 20-day/50-day moving averages were approximately $123.65/$122.22 [0].
• Analyst Consensus: Median target price is approximately $160.00 (about 19.9% upside potential relative to current price), with an overall rating of Buy [0].

• Valuation: TTM P/E is negative, P/B ratio about 26.10x [0].
• Profitability and Financial Quality: Net profit margin approximately -31.46%, ROE around -1132.02%; current ratio is about 0.94, with short-term liquidity pressure [0].
• Recent Performance: Rose approximately 5.49% intraday, year-to-date gain of about 23.74%. Over past 60 trading days, price range $4.73—$7.86, volatility around 3.28%, 20-day/50-day moving averages approx $5.05/$5.90 [0].
• Analyst Consensus: Median target price approx $7.00, overall rating Buy, but profitability not yet positive—need to monitor deliveries, cost and expense control [0].

• Valuation: TTM P/E negative, P/B approx 4.51x [0].
• Profitability: Net margin approx -7.10%, ROE around -13.77%; current ratio approx 1.14 [0].
• Recent Performance: Rose approx 5.22% intraday, YTD gain approx 86.76%. Past 60 days range $17.92—$28.24, volatility approx 4.50%, 20d/50d MA approx $19.59/$21.52 [0].
• Analyst Consensus: Median target price approx $34.00, overall rating Buy—reflects market’s long-term expectations for its tech and products [0].

• Alibaba (BABA): TTM P/E approx 20.17x, P/B approx 2.33x, net margin approx 12.19%, ROE approx 12.16% [0]. Current price $147.81, median target price approx $190.00, overall rating Buy [0].
• Pinduoduo (PDD): TTM P/E approx 11.70x, P/B approx 2.87x, net margin approx 24.43%, ROE approx 29.30% [0]. Current price $114.81, median target approx $140.50, overall rating Buy [0].

• Baidu: Has good profit quality and financial stability, undervalued—suitable for medium-to-long-term stable allocation.
• New Energy Vehicle Startups (NIO, Xpeng): Growth potential coexists with uncertainty—focus on profitability inflection point and cost improvement; short-term volatility high, valuation implies high expectations.
• E-commerce Platforms (Alibaba, Pinduoduo): Solid fundamentals and profitability, reasonably valued—can be core allocation considering macro and regulatory environment.

• Chinese concept stocks are significantly affected by macroeconomic, policy and exchange rate fluctuations—suggest controlling position size and diversifying allocation.
• New energy vehicle startups have not yet achieved stable profitability—need continuous tracking of cash flow and delivery rhythm.

[0] Jinling API Data