Huawei's new machine suddenly went on sale, and its high-end market share is expected to further increase
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At 12:08 noon on August 29, without holding a press conference, Huawei suddenly announced that the Mate 60 Pro was directly on sale, priced at 6999 yuan, and it was quickly sold out soon after the sale. According to reports, Huawei has made another breakthrough in the field of satellite communications, and the Mate 60 Pro has become the world's first mass smartphone that supports satellite calls, even in the absence of ground network signals, it can calmly dial and receive satellite phones. Smart functions such as AI air control, smart sense payment, and gaze without turning off the screen have also returned to the Huawei Mate 60 series, which was originally planned to be held in mid-to-late September. For this sale, some market analysts said that it may be to seize the opportunity in the head-to-head confrontation with Apple. Huawei shipped about 28 million mobile phones last year, and this year resumed the update rhythm of the P series and Mate series dual flagships, and the annual shipment is expected to double year-on-year, and the market share, especially in the high-end market, is expected to further increase.
$Goodix Technology (SH603160)$ is mainly engaged in fingerprint recognition chips, and has maintained a good long-term cooperative relationship with Huawei;
$Dongmu Co., Ltd. (SH600114)$ is the core supplier of Huawei folding screen mobile phone chain.
Digital RMB aggregate payment code launched to accelerate the expansion of application scenarios
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According to reports, when many urban citizens use digital RMB to pay recently, they can scan the aggregation code that supports digital RMB, Alipay, WeChat Pay, and Cloud QuickPass, which means that the digital RMB aggregate payment code is entering the public's vision.
Comments: The launch of the digital RMB aggregate payment code is of great benefit to accelerate the application scenarios of the expansion period, lower the threshold for the public to use the digital RMB, and popularize the digital RMB. For consumers, the arrival of aggregation codes makes it more convenient for consumers to use digital yuan, and they no longer need to worry about whether merchants support digital yuan. For merchants, based on the aggregation code, as more people choose to use digital RMB for payment, because it does not require service fees, it can reduce costs and reduce certain burdens, and the feature of "payment is settlement" can ensure the timely turnover of merchants' funds. The promotion of digital RMB aggregate payment codes may play a "detonating" role in accelerating the expansion of application scenarios. Of course, as aggregated payment codes help the popularization of digital yuan, multiple features of digital yuan will play a better role and be conducive to financial inclusion. A-share related concept stocks mainly include $ Yusys Technology (SZ300674)$, $ Guangdian Yuntong (SZ002152) $ and so on.
The export control of advanced semiconductor manufacturing equipment in the Netherlands officially came into effect this week The localization rate of semiconductor equipment may accelerate
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According to a regulation issued by the Dutch government in June this year, from September 1, 2023, Dutch companies wishing to export advanced semiconductor manufacturing equipment must apply for and submit a license to the government import and export service. According to the new export control regulations, Dutch lithography machine giant ASML needs to apply for an export license from the Dutch government to ship the most advanced immersion DUV system.
Analysts believe that the West hopes to maintain its technological superiority over China by suppressing Chinese mainland's advanced processes. The breakthrough of advanced processes depends on the upgrade of equipment, and the upgrade of equipment depends on the iteration of component technology. The export control of the Netherlands on Chinese lithography machines has had a certain impact on the development of China's semiconductor industry, but it has also promoted the independent innovation and development of the domestic semiconductor industry. The importance of independent and controllable semiconductors continues to be highlighted, and this year, fab storage plants have maintained orderly expansion, and localization progress is still accelerating. In the next three years, localization is still one of the strongest main lines in the industry, and the counter-cyclical expansion of domestic fabs and the continuous increase in the share of localization will drive the semiconductor equipment industry to continue to boom, while equipment components and semiconductor materials will also usher in a boom. You can pay attention to North Huachuang (002371), Topjing Technology (688072) and so on.
【Investment Focus】
> the trial operation of Hangzhou's first Level 3 autonomous bus vehicle, and the commercialization of autonomous driving accelerated
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According to media reports, a few days ago, Hangzhou's first autonomous bus vehicle that enables passengers to be seated on an open road was officially unveiled. At present, the car is in the trial operation stage, and the test ride activity has begun. According to reports, as an L3 autonomous vehicle, the intelligent networked bus unveiled this time is equipped with 5 cameras, 4 millimeter wave radars and 3 lidars, and is embedded in a number of cutting-edge technologies such as networked automatic driving and scene simulation, which can realize vehicle automatic driving capabilities, including pedestrian recognition and dynamic obstacle avoidance, traffic light traffic, road coordination, remote takeover, etc.
The agency believes that the current L0 to L2 autonomous driving technology is very mature. Looking back, the development of intelligent driving to a higher level of driving above L3 will be the general trend, and the current industry and secondary market are more concerned about the landing of L3 autonomous driving. With the drive of autonomous driving technology and the clarification of relevant laws and regulations, the process of L3 intelligence will accelerate, and it is conservatively estimated that L3 will achieve large-scale landing in 2025-2026, and related industry chain companies are expected to usher in development opportunities.
$Zhongfu Circuit (SZ300814)$ The company has the ability to supply millimeter-wave radar circuit board products for autonomous driving systems in batches.
$iSoftStone (SZ301236)$ The company actively deploys in the field of intelligent vehicles, and its technical service delivery capabilities cover ADS autonomous driving and other fields, and has professional technical capabilities such as automotive software development, design and testing.
Green development of animal husbandry Promote the resource utilization of livestock and poultry manure
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The National Standards Commission, the Ministry of Agriculture and Rural Affairs, and the Ministry of Ecology and Environment recently jointly issued the Guiding Opinions on Promoting the Construction of the Standard System for the Resource Utilization of Livestock and Poultry Manure. This is the first time at the national level to put forward guidance on the construction of a standard system for the resource utilization of livestock and poultry manure. Since ancient times, livestock manure has been a source of fertilizer for growing crops, and when effectively treated, it can provide nutrients for crops and a large amount of organic matter for cultivated land. Accelerating the standardization, standardization and scientific level of resource utilization of livestock and poultry manure is of great significance to promoting the green development of animal husbandry, controlling livestock and poultry breeding pollution, improving the quality of cultivated land and helping carbon peak and carbon neutrality. A-share related concept stocks mainly include $ Batian shares (SZ002170)$, $ Eagle Exit (SZ002477)$ and so on.
【SSE Selection】
o The National Copyright Administration and other four departments jointly launched the "Sword Network 2023" special action to combat online infringement and piracy, focusing on sports events, online video, e-commerce platforms and other fields.
o The HKSAR Government announced the establishment of a Task Force on Enhancing Stock Market Liquidity to comprehensively examine the factors affecting stock market liquidity and submit recommendations for improvement to the Chief Executive.
o A number of CSI 2000 ETFs are scheduled to be issued from September 1, and as of August 29, more than 100 funds are in the state of issuance or waiting to be issued, and subsequent incremental funds can be expected.
On the O29th, a number of robot concept ETFs rose by 5.57%; A number of securities industry ETFs were the top losers, with Hui An SSE ETF falling 1.77%
On the 29th, northbound funds sold a net of 680 million yuan. Ping An Bank was net sold 604 million yuan, and BYD was net bought 853 million yuan.
【Industry Information】
OOPPO launches new folding screen machine institutions are optimistic that industry shipments have increased sharply against the market
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On the afternoon of August 29, OPPO held the Find N3 Flip global conference. This model adopts ultra-light solid Seiko quasi-vertebral comparison chain, based on aerospace grade MIM alloy material, which has passed the Rheinland folding worry-free test and can withstand 600,000 extreme folding tests. The inner screen adopts 0.03mm ultra-thin flexible glass and has strong impact resistance. The model will start earning on September 8.
Ping An Securities pointed out that although the global smartphone market shipments are slowing down, the high-end market is still firm, and shipments of folding screen mobile phones have entered a stage of rapid growth. In 2022, global shipments of folding screen mobile phones will be about 13.1 million units, a year-on-year increase of 44%, and are expected to reach 54.7 million units in 2025. The large-size screen of folding screen mobile phones has unique advantages in scenarios such as large-screen movie viewing, text reading, and business office, and product prices are gradually responding to market expectations. Chain and flexible screen are important value links for folding screen mobile phones, and UTG (ultra-thin flexible glass) is expected to become the preferred cover material.
$Unilink Precision (sh688210)$'s MIM business has been laid out in the car shift knob and folding screen mobile phone chain;
$Kaisheng Technology (sh600552)$ UTG products have completed the introduction of some panel factories, and domestic brand terminals are continuing to communicate and advance
The mainland will build a national computer virus database to jointly cope with network security challenges
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At the recent Cyberspace Security Summit Forum, the National Computer Virus Emergency Response Center and more than 30 network security enterprises jointly established eight mechanisms, including joint research on standards and norms, key core technological innovation, and cybercrime ecological research, to further integrate data, technology, strength, talents and other resources, and will promote the construction of a national computer virus database and effectively improve the independent research and development capabilities of Internet technology. Orient Securities believes that the information and innovation industry is expected to accelerate its layout in the second half of the year, and the demand for network security and data security due to data elements and AI is expected to increase further. Optimistic about the rapid growth of revenue $ Anheng Information (SH688023)$, $ Venustech (SZ002439)$ and other companies.
【Interpretation of announcement】
o Tianqi Co., Ltd. participated in the establishment of a humanoid robot company
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$Tianqi Co., Ltd. (SZ002009)$ Signed a cooperation agreement with UBTECH Technology, and the two parties intend to jointly establish a joint venture company to focus on the research and development, manufacturing and overall solutions of humanoid robots applied in the automotive field. The registered capital of the joint venture is 100 million yuan, and the company holds 22% of the equity. The first prototype of a humanoid robot will be delivered no later than the end of December this year.
IO Micro and other companies intend to repurchase shares
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$Diaowei (SH688381)$ Ju Jianhong, the controlling shareholder and the actual controlling personnel officer, proposed to use the over-raised funds of 100 million to 200 million yuan to repurchase for employee stock ownership plans or equity incentive repurchase prices not exceeding 41.68 yuan per share.
$Shanshan (SH600884)$ decided to adjust the total amount of repurchase funds under the implementation of the repurchase program from 300 million to 500 million yuan to 500 million to 800 million yuan, and the rest of the plan remains unchanged. In addition, Chairman Zheng Ju and other executives totaling 8 people plan to increase their holdings by a total of 20 million yuan to 40 million yuan, and there is no price range for this increase plan.
$Arctech Bo (SH688408)$ intends to repurchase shares for 50 million yuan to 150 million yuan for employee stock ownership plans or equity incentives, and the repurchase price shall not exceed 100 yuan per share. The company's operating income in the first half of the year was 1.921 billion yuan, a year-on-year increase of 33.72%; The net profit was 98.08 million yuan, compared with a loss of about 1.1933 million yuan in the same period last year, due to the strong demand for new installations in the photovoltaic centralized ground power station market.
$Jinlang Technology (SZ300763)$ It intends to repurchase shares for 50 million yuan to 100 million yuan for employee stock ownership plans or equity incentives, and the repurchase price shall not exceed 135 yuan per share. The company's operating income in the first half of the year was 3.251 billion yuan, a year-on-year increase of 33.16%; The net profit was 627 million yuan, a year-on-year increase of 57.51%. Benefiting from the overall development opportunities of the industry, the prospects of the company's photovoltaic inverter business and new energy power production business will continue to improve.
$Laiyifen (SH603777)$ It is proposed to repurchase shares at 35 million yuan to 70 million yuan for the implementation of equity incentives or employee stock ownership plans, and the repurchase price shall not exceed 20 yuan per share. Yuan Meihe, chairman of Okeyi (688308), proposed to repurchase the company's shares for 30 million yuan to 60 million yuan, and the repurchase price did not exceed 58.23 yuan per share
O. Combe was increased by shareholders
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$Combe (SH600572)$ The second largest shareholder, Combe Group, intends to increase its holdings by 25 million yuan to 50 million yuan in a month from August 29. On August 29, the shareholder has increased its holdings by 3.07 million yuan.
Owanwei High-tech led the establishment of the Institute of Advanced Functional Membrane Materials
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$Wanwei High-tech (SH600063)$ received a notice issued by the Department of Science and Technology of Anhui Province, agreeing that the company would take the lead in establishing the "Anhui Industrial Innovation Research Institute of Advanced Functional Film Materials", and the main research directions are new display optical film, automotive safety glass film, functional film for new energy and environmental protection.
O Wanhua Chemical raised the listing price of pure MDI
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$Wanhua Chemical (SH600309)$ announced that since September, the company's listed price of pure MDI in China has been 24,500 yuan / ton, which is 200 yuan / ton higher than the price in August; The listing price of aggregate MDI remained unchanged at 19,500 yuan / ton
【Financial Report Express】
The performance of companies such as Proya increased sharply in the first half of the year
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$Proya (SH603605)$ In the first half of the year, the operating income was 3.627 billion yuan, a year-on-year increase of 38.12%; net profit of 499 million yuan, a year-on-year increase of 68.21%; It is proposed to pay a cash dividend of 3.8 yuan (including tax) for every 10 shares. The company's previous forecast of net profit ranged from 460 million yuan to 490 million yuan.
$Wanda Film (SZ002739)$ The operating income in the first half of the year was 6.869 billion yuan, a year-on-year increase of 39.10%; The net profit was 423 million yuan, a year-on-year turnaround. The company's previous forecast of net profit ranged from 380 million yuan to 420 million yuan.
$ Wynn shares (SZ300230)$ The operating income in the first half of the year was 330 million yuan, a year-on-year increase of 57.95%; The net profit was 35.9 million yuan, a year-on-year increase of 3182.19%. The company's operating income in three strategic areas of new energy vehicles, smart grid and aerospace has grown comprehensively.
$Wynn shares (SZ300230)$ net profit in the first half of the year was 93.89 million yuan, a year-on-year increase of 14.04%; Among them, the net profit in the second quarter was 72.91 million yuan, an increase of 2.47 times from the previous quarter.
$ Goodway (SH688390)$ The operating income in the first half of the year was 3.814 billion yuan, a year-on-year increase of 162.61%; The net profit was 741 million yuan, a year-on-year increase of 1256.20%. Due to the good development trend of the photovoltaic industry, the company continues to expand the domestic and foreign photovoltaic market, and the sales volume of inverters, batteries and household systems have increased.
$ Dike Co., Ltd. (SZ300842) $ In the first half of the year, the operating income was 3.475 billion yuan, a year-on-year increase of 108.05%; The net profit was 203 million yuan, a year-on-year increase of 630.47%, due to the strong demand of the global photovoltaic market and the rapid industrialization of N-type batteries.
【Capital Watch】
o The wave of institutional self-purchase continues
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On August 29, a number of institutions announced the use of their own funds to invest in their fund products. Wanjia Fund will use its own funds to apply for its equity and hybrid public funds, totaling 50 million yuan. Xinyuan Fund and its wholly-owned subsidiary, Xinyuan Asset Management, decided to subscribe to the company's Xinyuan Science and Technology Innovation Theme Hybrid Fund, with a total amount of not less than 50 million yuan. Caitong Securities Asset Management intends to invest 50 million yuan to subscribe for Caitong Asset Management, Kangheng Balanced Pension Target Three-Year Holding Period Hybrid (FOF).
o Four institutional seats buy Hengda new
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On the 29th, $ Hengda New Materials (SZ301469) $ won a total of 88.93 million yuan from 4 institutional seats, accounting for 9.6% of the total transaction volume of the whole day.
Huajin Securities said that Hengda New Material's mid-to-high-end medical and non-container food primary packaging base paper products have strong competitiveness and have entered the supply chain system of well-known customers. In the medical field, the company supplies well-known domestic medical consumables and device manufacturers such as Zhende Medical, Robust Medical and Weihai Weigao. In the food field, the company's products are eventually used in the primary packaging of fast food chains such as KFC and Dix, as well as paper straws in chain beverage stores such as Starbucks and Heytea, breaking the monopoly position of foreign capital in the field of non-container food packaging base paper.
o An institutional seat buys Surbana Security
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On the 29th, $ Shengbang Security (SH688651)$ was bought 30.59 million yuan by 1 institutional seat, accounting for 13.42% of its total full-day transaction.
Caitong Securities said that Shengbang Security's technical strength is industry-leading, and according to IDC research reports, the company's vulnerability detection products ranked third in the domestic market share in 2021 and hardware WAF products ranked fifth in the domestic market share in 2021. At the same time, in terms of traceability management technology system, the company was selected as a major manufacturer in IDC China's situational awareness solution market in 2019, and has become one of the network security vendors with the most complete range of security detection and application security defense products in the industry.
【Data Speaks】
o A number of companies with net "limited reduction" have performed well
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The "CSRC Further Regulates the Reduction of Shares" issued a few days ago strictly restricts shareholders' reduction of shareholdings from the dimensions of breakdown, net breakage, and dividends. According to the statistics of Shanghai Securities Report, as of August 28, 5 of the 510 broken companies had a year-on-year increase in net profit attributable to the parent in 2021, 2022 and the first half of 2023, of which Sunshine Guojian, Baicheng Pharmaceutical and Aegis are all pharmaceutical and biological enterprises, and the other two are UFI Technology and Tongyuan Petroleum. In terms of net breaking, after excluding ST and companies with negative net assets, a total of 355 companies have a price-to-book ratio of less than 1 times, mainly distributed in real estate, banking, building decoration, transportation, steel, medicine and biology and other industries. However, some of the 355 net stocks also performed better, and after excluding the real estate industry, 9 companies reported double-digit growth in revenue and net profit in the half year of 2023, including Wuhan Holdings, Tower Group, Ganyue Expressway, Yuyuan Shares, Heavy Medicine Holdings, etc
【Institutional Research】
o In the past month, there have been more than 35,000 institutional surveys
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In the past month, the market has fluctuated greatly, but the number of institutional surveys has exceeded 35,000 in one fell swoop. 118 listed companies have been surveyed by institutions more than 100 times, and 17 companies have been surveyed more than 300 times. Metal and non-metal new materials, computer software, medical equipment and other industries are in the forefront of surveys, and companies such as Guanglianda and Rongbai Technology have attracted much attention. Some fund companies believe that under the volatile market, repeated research is needed to deepen the understanding of the industrial chain and listed companies, and practice "internal strength" to explore investment opportunities. Overall, fund companies are relatively optimistic. On the one hand, the policy attitude is clear, forming a strong support for the market, and there may still be more support policies in the future, and the market expectation will be reversed to a greater extent. On the other hand, after the previous adjustment, the market pessimism has been fully released, and the marginal impact of northbound capital reduction may also be weakened.
O$ Jiangsu Reilly (SZ300660) $ said that the company lays out encoder + controller + core motor + precision gearbox products, and takes the core cup motor as the core product for key development. As the robot industry enters the stage of large-scale development, the company's sliding screw, planetary roller screw, hollow cup motor and other products can be used on a large scale for humanoid robotsAt present, the company has received an order of 60,000 sets of service robot dogs from a customer in Nanjing, and the mass-produced planetary actuators are expected to be delivered this year.
O$ Desheng Technology (SZ002908)$ said that the company is leading the country in the top-level planning and full-industry chain services of the card, and has created more service products by seizing the core scenario applications (employment services, credit medical treatment, intelligent knowledge operation services), and is expected to launch nearly 10 more data products within this year. In the future, the company will give full play to the advantages of scenario construction, link social security, medical insurance, UnionPay and other departments to continuously expand the business scope and achieve steady growth in business performance.
O$ Jingrui Electric Materials (SZ300655)$ said that the company's KrF photoresist production and testing line has been completed, and the research and development of ArF high-end photoresist is being carried out in an orderly manner. In addition, the company has built a series of high-purity chemical production lines such as electronic grade hydrogen peroxide, ammonia, hydrochloric acid and has begun to put into operation, and there are other high-purity chemicals planned and laid out in the future.