China Fund News Taylor
Hello everyone, let's take a brief look at the news tonight
The Shanghai Stock Exchange issued a circular on the situation related to Hangzhou thermal power
On the evening of the 5th, the Shanghai Stock Exchange issued a circular on the relevant situation of Hangzhou thermal power.
The circular shows that Hangzhou Thermal Power has recently experienced serious abnormal fluctuations, and the company has issued a risk warning announcement to remind investors to invest prudently and pay attention to investment risks. Recently, the stock price continued to fluctuate sharply, and some investors had abnormal trading behaviors that affected the normal trading order of the market and misled investors into normal trading decisions in the process of trading the stock, and the SSE took strict regulatory measures against relevant investors in accordance with regulations. SSE once again reminds investors to pay attention to risks and prudently participate in compliant transactions.
According to public information, Hangzhou Thermal Power Group Co., Ltd. is an energy-saving and environmentally friendly enterprise mainly engaged in cogeneration and central heating in industrial parks. The main products supplied by the company are steam and electricity. The steam produced by the company is supplied to industrial users in industrial parks; Electricity is sold directly to the State Grid Corporation.
It is understood that there are market rumors that the reason why Hangzhou thermal power is sought after by funds in the short term is related to concepts such as virtual power plants. Recently, many places have successively issued policies on accelerating the construction of virtual power plants, and virtual power plants are also expected to usher in a construction boom. At present, during the peak period of industrial electricity consumption, coupled with the surge in residents' demand for refrigeration equipment such as air conditioners and freezers in hot weather, the load on the power grid continues to rise. Therefore, secondary market power companies, including Hangzhou Thermal Power, Guidong Electric Power, Dalian Thermal Power, etc., have been sought after by funds in the short term.
Since May 10, Hangzhou Thermal Power's stock price has risen by 187.14%. Since May, the share price of Hangzhou Thermal Power has been fluctuating slightly around 15 yuan per share. Until May 10, 2023, the company's stock price soared continuously from about 15 yuan / share to more than 40 yuan / share, and a total of ten limit boards appeared in 13 trading days.
According to the financial report, in the first quarter of 2023, the company's total revenue was 776 million yuan, a year-on-year decrease of 4.1%; The net profit was 41.7957 million yuan, up 1.25% from the same period last year.
Hangzhou Thermal Power issued several changes announcements within the month, saying that the current stock price has seriously deviated from the fundamentals, the company's production and operation have not undergone major changes, and the company currently has no ultra-supercritical units, virtual power plants, and energy storage business. The exchange also focused on monitoring serious stocks such as Hangzhou Thermal Power from the 22nd to May 26th, but it still could not stop the market's frenzy.
There is big news from Huawei
Recently, a report released by market research institute Counterpoint Research pointed out that Huawei HiSilicon will launch its own 5G chipset in the second half of 2023.
Due to the US ban, Huawei's HiSilicon self-developed chips have been impossible to be manufactured by wafer foundries such as TSMC and Samsung since the September 2021 deadline. After two years of consumption, Huawei's HiSilicon share has long fallen out of the top five. Counterpoint data shows that in the second quarter of 2022, Huawei's HiSilicon market share was only 0.4%, and it has been exhausted in the third quarter of 2022, and only Qualcomm's 4G Snapdragon chips can be used.
However, Counterpoint expects that Huawei HiSilicon will launch its own 5G chipset in the second half of 2023. It is expected that the "N+1" node of domestic brick factories comparable to TSMC's 7nm may be used, but since the yield may be below 50%, it is expected that shipments in 2023 will be around 2 million to 4 million, and mainly for the mid-range market.
Apple's stock price reached a record high
The S&P enters a technical bull market
Apple opened up 0.71%, rising to a record high of $182.36 per share. As of press time, Apple's stock price has risen 1.77%, with a total market value of $2.9 trillion.
The S&P 500 is up more than 20% from its October low of 3,491.58 to enter a technical bull market.
In the early morning of the 6th, Apple will have a new product conference, and it is widely predicted that Apple is expected to launch the first generation of Apple mixed reality (MR) headsets at the WWDC 2023 conference held from June 6 to 10, Beijing time. The institutional research report pointed out that a large number of cutting-edge technologies applied by Apple's MR headset will accelerate the innovation process of industrial chain companies and lead a new round of consumer electronics industry wave.
Tianfeng International analyst Guo Mingxi recently made a prediction for Apple's WWDC conference, he believes that if Apple's AR/MR headset is successfully released, it will have a huge impact on 3D interaction design and 3D computer graphics, just like the impact of ChatGPT on AI/AIGC.
It is worth noting that Guo Mingxi also said that investors have recently paid more attention to when Apple will launch a similar ChatGPT service than MR headsets. If Apple releases AIGC services on WWDC, investors believe it may help to continue the current investment sentiment of AI. If Apple's AIGC service requires higher hardware support, it is expected to drive the wave of hardware replacement.