News Express
1. State-owned Assets Supervision and Administration Commission of the State Council: In 2024, the benefits of central enterprises should steadily increase the total profit, net profit and net profit attributable to the parent company
The State-owned Assets Supervision and Administration Commission of the State Council convened a meeting of the heads of central enterprises. The meeting emphasized that in 2024, the SASAC will maintain the target management system of "one profit and five rates" for central enterprises as a whole, and the specific requirements are "stable growth of one profit, continuous optimization of five rates", that is, the benefits of central enterprises will be steadily improved, the total profit, net profit and net profit attributable to the parent company will grow synergistically, and the return on net assets, labor productivity of all employees, The operating cash ratio improved year-on-year, the intensity of R&D investment and the efficiency of scientific and technological output continued to increase, the overall asset-liability ratio remained stable, and we prevented and resolved risks in high-quality development, and resolutely served as a strategic force to serve the comprehensive construction of a modern socialist country, a leading force to promote the comprehensive upgrading of the mainland's industrial system, and a supporting force to promote the country's economic and social development.
2. A-share Chinese New Year's Eve closed regulatory authorities: conform to market calls
According to the notice of the 2024 Spring Festival closure arrangement of major exchanges, the A-share market closure arrangement will be scheduled from February 9 (Friday, Chinese New Year's Eve) to February 18, 2024 (Sunday), and the market will open as usual on February 19 (Monday). According to the "Notice on Doing a Good Job in Relevant Work during the Spring Festival on New Year's Day in 2024" issued by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council, the Spring Festival will be closed from February 10 to 17, a total of 8 days. According to the media's understanding from relevant sources in the regulatory department, this arrangement aims to comply with the market's voice and be closer to the investment behavior of traders. Comment: Amid the long call, A-shares are finally closed on Chinese New Year's Eve. Investors can also rest for one more day and don't have to stare at the market bitterly.
3. The five departments jointly issued implementation opinions to accelerate the construction of a national integrated computing power network
The National Development and Reform Commission, the National Data Administration, the Cyberspace Administration of the People's Republic of China, the Ministry of Industry and Information Technology, and the National Energy Administration recently jointly issued the "Implementation Opinions on Accelerating the Construction of a National Integrated Computing Network" for the "Eastern Data and Western Computing" Project. By the end of 2025, a comprehensive computing infrastructure system will take shape. All kinds of new computing power in the national hub node area account for more than 60% of the new computing power in the country, and the utilization rate of computing power resources in the national hub node significantly exceeds the national average; the 1ms delay urban computing power network, the 5ms delay regional computing power network, and the 20ms delay cross-national hub node computing power network are initially realized in the demonstration area; the two-way coordination mechanism of computing power and power has been initially formed, and the green power of the new data center of the national hub node accounts for more than 80%; the ease of use of various computing power by users has been significantly improved. The cost has been significantly reduced, the network transmission cost between national hub nodes has been greatly reduced, the key core technologies of the computing power network have basically been safe and reliable, and the high-quality development pattern of the computing power network characterized by networking, inclusiveness, and greening has gradually taken shape. Comment: In the era of AI explosion, computing power is one of the most basic basic infrastructures, and computing resources will be part of the core competitiveness in the AI era.
4. The first batch of genetically modified corn and soybean seed production and business licenses were approved and issued involving a number of listed companies
According to the announcement No. 739 of the Ministry of Agriculture and Rural Affairs, the first batch of genetically modified corn and soybean seed production and operation licenses were approved and issued, and the relevant production and operation licenses involved a number of seed listed companies, including Dabeinong, Longping Hi-Tech, Fengle Seeds, Denghai Seeds, etc. Comment: The supply and demand gap of agricultural products such as corn and soybeans in the mainland has existed for a long time, and there is a trend of expansion, and the brokerage expects that the terminal market space of genetically modified corn seeds is expected to reach 60 billion yuan, the factory caliber space is 36 billion yuan, and the profit margin is expected to reach 10.8 billion yuan.
5. Securities firms implement the new regulations of "restricted shares are not allowed to lend securities", requiring customers to revise contracts or sign a letter of commitment
On the 26th, there were rumors that a brokerage firm informed customers that "restricted shares are not allowed to be borrowed", which is regarded as the latest regulation. It is understood that in accordance with the requirements of the "Notice on Optimizing the Relevant Arrangements for Securities Lending and Lending Transactions and Refinancing Securities Lending Transactions" issued by the Shanghai and Shenzhen Stock Exchanges in October, securities firms have imposed relevant restrictions on customers in accordance with the new regulations. The new regulations specify that "if an investor holds restricted shares of a listed company, a strategic placement share, or a major shareholder or a specific shareholder who has reduced his or her shareholdings by way of a block transaction, the investor and its affiliates shall not sell the shares of the listed company through securities lending and borrowing during the restriction period", which came into effect on October 16. It is understood that the situation of each brokerage and customer constraints is different, some adopt to revise the contract, and some sign a letter of commitment. Comment: Everyone thinks that the points that are not very compliant are being corrected one by one, the market environment is gradually improving, and the forces of short and long positions in the market are gradually balancing.
6. Huawei officially released the Wenjie M9, priced from 469,800 yuan
Yu Chengdong, CEO of Huawei Device BG and Chairman of Intelligent Vehicle Solution BU, officially released the M9, with a price of 469,800 yuan for the extended range Max version, 529,800 yuan for the extended range Ultra version, 509,800 yuan for the pure electric Max version, and 569,800 yuan for the pure electric UItra version. In terms of range, the M9 is equipped with a fourth-generation extended-range platform, with a comprehensive range of 1402km and a pure electric range of 275km under the CLTC working condition of the 52-degree battery version. Comment: The delivery will be the biggest test for the M9, which has been sold out before, and it is necessary to fill the surging production capacity gap as soon as possible and shorten the delivery time.
7. Lei Jun: It will take a few months for Xiaomi SU7 to be officially launched, and the pricing has not been decided, but "it is indeed a bit expensive"
Lei Jun posted an article to answer questions from netizens on Xiaomi's automotive technology conference. Lei Jun said that Xiaomi SU7 is in the trial production ramp-up stage, and it will take a few months for it to be officially launched. Regarding pricing, there is no final decision yet. However, the Xiaomi SU7 is indeed a bit expensive, but please believe that what we are doing is "expensive for a reason", and the experience will definitely exceed everyone's expectations. In addition, Lei Jun said that the Xiaomi SU7 does not have an accurate benchmark vehicle. In terms of drivability and other mechanical qualities, it is expected to be comparable to the Porsche Taycan Turbo, and in terms of intelligence, it is expected to be comparable to the Tesla Model S. Comment: Mr. Lei is worthy of being a marketing master, so he began to warm up and first engage in a wave of expectation management. At that time, if there is a reversal, the marketing effect will be very explosive.
Overnight outer disk
U.S. stocks: "The market has come out of a new high, but the unilateral market has stopped investors!" After the Christmas long weekend, U.S. stocks reopened and closed higher, with the Dow up 160 points, the Nasdaq up more than 80 points, and the S&P up 0.42%, of which the Dow and the S&P 500 are close to their all-time highs. Most of the large technology stocks rose, Intel rose more than 5% to the highest closing price since September 2021, Tesla rose more than 1%, Nvidia, Netflix, Microsoft, Google, Meta rose slightly, RayzeBio rose more than 100%, and Chinese concept stocks rose, NIO rose more than 10%, NetEase rose more than 5%, and Li Auto rose more than 3%.
Futures: The settlement price of international crude oil futures rose by more than 2.5%. COMEX gold futures for February delivery settled up 0.03% at $2,069.8 an ounce. The offshore yuan (CNH) traded at 7.1423 against the dollar at 05:59 Beijing time, up 48 points from the end of New York on Monday. The onshore yuan closed at 7.1425 against the dollar, down 59 points from the previous session's overnight close.
Marketing strategy
Beidou Navigation: At 11:26 on December 26, the mainland successfully launched the 57th and 58th Beidou navigation satellites with the Long March-3B carrier rocket and the upper stage of Yuanzheng-1 at the Xichang Satellite Launch Center. This group of satellites is a medium circle earth orbit satellite (MEO satellite), which is the first group of MEO satellites launched after the completion and opening of the Beidou-3 global satellite navigation system on the mainland.
Target: Yunding Technology (000409), 712 (603712)
Computing power: According to reports, recently, the National Development and Reform Commission, the National Data Bureau, the Central Cyberspace Administration of China, the Ministry of Industry and Information Technology, and the National Energy Administration jointly issued the "Implementation Opinions on Accelerating the Construction of a National Integrated Computing Network for the In-depth Implementation of the "Eastern Data and Western Computing" Project. The "Implementation Opinions" proposes that by the end of 2025, a comprehensive computing infrastructure system will take shape. The ease of use of various types of computing power by users has been significantly improved, the cost has been significantly reduced, and the network transmission cost between national hub nodes has been greatly reduced.
Target: MeiG Intelligent (002881), Zhonghe Technology (000925)
Theme nuggets
The CSI 1000 index hit a new low after the shock, further approaching the low point on October 23, and the index fell against the 5-day line and was in a steady decline. Previously, the Shanghai 50 took the lead in falling below this position, and did not form a double bottom, and then the rest of the indices will follow in the footsteps of the Shanghai 50, which will definitely not be able to hold here, and do not fantasize that a double bottom will be formed. There may be a short-term reversal around here, but it is only a matter of time before it is effectively broken down and once broken here, the next target is the April 2022 lows.
Featured Announcements
【Significant Events】
Glacier Network: It is expected that the net profit attributable to the parent company in 2023 will increase by 106%-172% year-on-year
Two-plate Azure Biotechnology: The company's synthetic biotechnology innovation laboratory has few R&D projects and does not yet have the conditions for industrialization
Eston: The holding subsidiary plans to increase capital and expand shares to introduce the national manufacturing fund
YTO shares: the subsidiary YTO diesel engine plans to list and transfer 0.8827% of the equity of Zhongyuan Bank
Huati Technology: It intends to subscribe for 85% of the equity of Kyushu Resources Company in Mozambique
Nanjing-Shanghai Expressway: It is planned to invest 3.25 billion yuan in the construction of the Xitai project
Zhejiang Rongtai: It is planned to invest 120 million yuan in the construction of a production project with an annual output of 15,000 tons of mica products for new energy
Ningbo Energy: It plans to invest in the construction of a 25MW/100MWh energy storage project in Dingyuan County Shuangchuang Industrial Park
Transsion Holdings: Net profit is expected to increase by about 121.15% year-on-year in 2023
【M&A】
Times New Materials: It is planned to raise no more than 1.3 billion yuan
【Increase or decrease holdings】
No. 9 Company: The chairman proposed to repurchase shares for 300 million yuan to 500 million yuan
Yaokang Biotech: It is planned to repurchase shares for 20 million yuan to 40 million yuan
Rastar Entertainment: It is planned to repurchase shares for 10 million yuan to 20 million yuan
Jiuzhou Pharmaceutical: The chairman proposed to repurchase the company's shares by 50 million yuan to 100 million yuan
Century Huatong: The chairman proposed to repurchase the company's shares with 50 million yuan to 100 million yuan
Beiwei Technology: The actual controller proposed to repurchase shares for 10 million yuan to 20 million yuan
New city: Wangyuan Technology and Yuanfang Industry plan to reduce their holdings of the company by no more than 4% in total
Ying Paisi: Hunan Cultural Tourism plans to reduce its stake by no more than 1.04%.
[Other matters]
Guolian shares: Received a notice from the Securities Regulatory Commission on suspicion of violating laws and regulations
Shanshan Co., Ltd.: Completed the development of 115-inch ultra-large TV polarizer and achieved large-scale mass production
Shilong Industrial: There is no obvious correlation with new energy concepts such as lithium batteries
Lianglian Longyun Co., Ltd.: The company's business scope does not involve "short drama" business and has no relevant investment or business plan
Wantai Bio: There is still uncertainty about the approval of the company's nine-valent HPV vaccine and the timing of approval
Zhongsheng Pharmaceutical: The new drug application of onladivir tablets was accepted
Kehua Biotech: The company's products have obtained the medical device registration certificate
Midea Group: Zhao Lei and Wei Chang were appointed as vice presidents of the company
Tongguang Cable: The subsidiary pre-won the bid for the 177 million yuan State Grid procurement project
Linyang Energy: Pre-won the bid for the 132 million yuan China Southern Power Grid bidding project
Trading Tips
【Suspension and resumption of trading】
*ST Bolong has closed below $1 for 20 consecutive trading days and has been suspended since the 27th
*ST Doushen: According to the reorganization plan, the implementation of capital reserve to increase share capital will resume trading on the 27th
【Restriction lifted】
This article originates from the world of finance