Pre-market must-read丨 Overnight U.S. stocks dived in the tail end, Tesla's revenue in China doubled last year

The three major U.S. stock indexes opened slightly higher on Monday, the market digested the latest corporate earnings reports, and the weakening of technology stocks in the late session dragged the index back to gains.

As of the close, the Dow was up 1.39 points, or less than 0.01 percent, at 35,091.13 points, the NASDAQ was down 0.58 percent at 14,015.67 points, and the S&P 500 was down 0.37 percent at 4,483.87 points. The energy sector led the gains, the communications sector performed poorly, risk aversion pushed gold prices higher, and US Treasury yields soared and fell.

Tech stocks came under pressure, with shares of Facebook's parent company Meta falling 5.1 percent. Since the release of its quarterly report last week, the company's stock price has fallen by 30%. On the news side, Meta threatened to withdraw Facebook and Instagram from Europe if it could not continue to transmit user data back to the United States, and regulators are currently negotiating to replace a repealed privacy agreement.

Google parent company Alphabet closed down nearly 2.9 percent and Netflix closed down nearly 2 percent, and Needham released a report saying the company's current strategy can't win the streaming war. Microsoft fell more than 1.6 percent and Apple fell more than 0.4 percent.

Tesla fell 1.7 percent, and the company's 10-K annual report filing with the U.S. Securities and Exchange Commission (SEC) shows that in the year ended December 31, 2021, about $101 million of impairment losses were recorded due to changes in the book value of the company's bitcoin, and the fair market value of the bitcoin held was $1.99 billion.

Li Xiaopeng, minister of transport, presided over a meeting of leading cadres. The meeting stressed that in the first quarter of this year, major events and important events were continuous, and important activities and important tasks were intertwined and superimposed. It is necessary to conscientiously and responsibly vigorously grasp the work of safe production in transportation. We must unswervingly grasp the current prevention and control of the transportation epidemic. It is necessary to go all out to do a good job in ensuring the transportation of important materials such as coal, natural gas, and grain in the near future. It is necessary to do a good job in ensuring transportation during the Beijing Winter Olympic Games and the Winter Paralympic Games with high quality. It is necessary to perform duties and fulfill their responsibilities to do a good job in ensuring the service of the Spring Festival. It is necessary to push forward the construction of major projects and key projects only for the day.

According to the Bureau of Statistics, as of the end of January 2022, the size of the mainland's foreign exchange reserves was US$3,221.6 billion, down US$28.5 billion or 0.88% from the end of 2021. China's gold reserves at the end of January were 62.64 million ounces (about 1948.32 tons), unchanged from the previous month.

The Beijing Winter Olympics comprehensively enhances the development momentum of the ice and snow industry from the dimensions of ice and snow sports, ice and snow tourism, ice and snow equipment, ice and snow industry investment and financing. According to the State General Administration of Sports, the number of people participating in ice and snow sports has reached 346 million. With the improvement of related facilities, ice and snow sports extend from niche trends to all ages and all regions.

The Ningbo Municipal Bureau of Housing and Urban-Rural Development in Zhejiang Province released the news on February 7 that the "Ningbo Municipal Condominium Housing Management Measures (Trial)" has been promulgated and will be implemented from February 26 this year. In order to discourage speculative home purchases, condominium housing will be sold at market prices. The share of property rights in co-ownership housing is jointly held by the home-buying family and the government in proportion, and the share of the house-buying family is not less than 60% in principle, not higher than 80%, and the rest is the government property rights share, which is held by the government-designated department or agency. Condominium housing that has been granted a real estate property right certificate for 10 years can be listed and transferred.

Tesla filed its 10-K annual report with the U.S. Securities and Exchange Commission (SEC), disclosing the company's revenue data in major markets around the world. According to the documents, Tesla's revenue in the Chinese market in 2021 reached $13.844 billion, a year-on-year increase of 107.8%. Tesla's revenue in the Chinese market in the first three quarters of last year was $9.015 billion, and based on this calculation, Tesla's revenue in China in the fourth quarter of last year was $4.829 billion.

He keda: Planning a change of control stock suspension

Hekeda announced that the company received a notice from the company's controlling shareholder Rui Hecheng yesterday that Rui Hecheng intends to transfer 20 million shares (accounting for 20% of the total share capital of the company) held by it in Keda. If the above matters are finally reached, it will lead to a change in the controlling shareholder and the actual controller of the company. Trading in the Company's shares was suspended from 8 February and is expected to last no more than 2 trading days.

Huaihe Energy: Plans to plan a major asset restructuring matter to suspend trading from the 8th

Huaihe Energy announced that the Company intends to absorb and merge Huainan Mining by issuing shares, convertible corporate bonds (if any) and paying cash to all shareholders of Huainan Mining. At the same time as the merger, the Company intends to purchase its 10.70% equity interest in Huaihe Energy and Power Group Co., Ltd. by issuing shares to the China Development Bank Fund and convertible corporate bonds (if any). Trading in the Company's shares has been suspended since the opening of the market on February 8 and is expected to last no more than 10 trading days.

Zoomlion: Proposed acquisition of a controlling stake in Luchang Technology

Zoomlion announced that the company intends to transfer 35.988 million shares of Luchang Technology held by Guo Xiumei (accounting for 29.99% of the total share capital of the target company), with a transfer price of 21.67 yuan per share, and the total transfer price of the target shares payable by the company is 780 million yuan. The subsequent company will make a partial offer to all shareholders of the target company according to the circumstances at that time, and the proportion of shares to be acquired is not less than 18.83% of the total share capital of the target company. At the same time, Guo Xiumei voluntarily gave up all the remaining shares she held. Upon completion of the aforesaid transaction, the Company will become the controlling shareholder of the Target Company.

BOE A: Has spent 2.577 billion yuan to buy back 491 million shares of the company

BOE A announced that as of January 31, the company's cumulative repurchase of A shares was 491 million shares, accounting for about 1.3090% of the company's A shares, accounting for about 1.2771% of the company's total share capital, the highest transaction price of the repurchase was 5.96 yuan / share, the lowest transaction price was 4.83 yuan / share, and the total amount paid was 2.577 billion yuan.

Haitong Securities: Factors such as tightening of global liquidity, downward pressure on earnings, and policy stimulus to fulfill expectations may cause some suppression to A-shares, but with the stabilization of the economy and the inflow of incremental funds, A-shares are expected to usher in low-level layout opportunities after the policy bottom and the emotional bottom.

Huafu Securities: Historical experience shows that the risk appetite of the market after the Spring Festival to before the two sessions has increased significantly, and the overall performance of A-shares is not bad. Judging from various factors, it is expected that the decline of the market in the short term has entered the final stage, and February is expected to usher in the opening of the lunar spring market.

CITIC Securities: At present, the relevant policies of "stable growth, stable credit, and stable expectations" are in the process of gradually increasing, and the logical chain of "policy easing, economic prosperity and credit risk expectations" is in a period of strengthening. It is expected that the market's concerns about economic and credit risks remain in January-February, but in the medium term, the uncertainty of risk factors is decreasing, and it is recommended to focus on the allocation value of the banking sector throughout the year.