Important News Alert
The "Implementation Opinions on the In-depth Implementation of the "Eastern Data and Western Computing" Project and the Acceleration of the Construction of a National Integrated Computing Network were released recently.
Reservations for commemorative coins for the Year of the Dragon are hot.
Xiaomi refuted rumors about the price of the car on the Internet.
Tip of the day
The Federal Reserve publishes the minutes of its monetary policy meeting
At 3 a.m. Beijing time on January 4, the Federal Reserve released the minutes of its December monetary policy meeting. According to the minutes, Fed policymakers believe that the upside risk to inflation has decreased, and 2024 is suitable for interest rate cuts, but did not provide signals on when to cut interest rates, saying that the path of interest rates is very uncertain and further rate hikes are still possible due to economic needs, and many policymakers also expect that high interest rates may remain higher than expected.
The 3rd Sanya International Seed Industry Scientists Conference kicked off today
According to the website of the Hainan Provincial People's Government on January 3, the 3rd Sanya International Seed Industry Scientists Conference and the 2024 International Seed Industry Science and Technology Expo will be held in Sanya from January 4 to 6, 2024. The conference will focus on cutting-edge breeding technology, application achievement reports, and industrial development trends.
Financial news
1. According to the website of the Ministry of Industry and Information Technology on January 3, the Ministry of Industry and Information Technology and other 11 departments issued a notice on carrying out the special action of "signal upgrading". By the end of 2025, more than 120,000 key locations will have in-depth mobile network coverage, and 30,000 kilometers of railways, 500,000 kilometers of highways, and 200 subway lines will have continuous mobile network coverage. The depth and breadth of 5G network coverage continued to improve, and the proportion of 5G traffic increased significantly. The average downlink access rate of the mobile network shall not be less than 220 Mbps, the average uplink access rate shall not be less than 45 Mbps, the main service indicators such as lag and latency shall be fully optimized, and the proportion of the mobile network meeting rate shall not be less than 95% (that is, the relevant rate standards shall be met in the case of 95%).
2. According to the website of the Ministry of Industry and Information Technology on January 3, the Ministry of Industry and Information Technology and other eight departments issued the "Implementation Plan for Promoting the Efficient and High-value Utilization of Phosphorus Resources" to guide the phosphorus chemical industry to accelerate transformation and upgrading, and improve the sustainable guarantee capacity and efficient and high-value utilization of phosphorus resources.
The "Plan" proposes to implement policies by industry, with the bottom line of ensuring the safety of food, energy resources, and important industrial chains and supply chains, scientifically regulating the development intensity of phosphate rock, strictly controlling the new production capacity of ammonium phosphate and yellow phosphorus, ensuring the production and supply of phosphate fertilizers, transforming and upgrading traditional industries, vigorously developing high-end phosphorus-containing chemicals, and promoting the whole industrial chain to be refined and high-end.
3. According to the website of the Standing Committee of the Shenzhen Municipal People's Congress on January 3, the "Regulations on the Promotion of Low-altitude Economic Industries in the Shenzhen Special Economic Zone" was officially announced and will come into force on February 1. The "Regulations" stipulate that the Shenzhen Municipal People's Government shall strengthen the leadership of the development of low-altitude economic industries, incorporate the development of low-altitude economic industries into the national economic and social development plan of Shenzhen, establish a coordination mechanism for the development of low-altitude economic industries, coordinate the development of low-altitude economic industries, and coordinate the promotion of major issues in industrial development.
4. According to the website of the Central Commission for Discipline Inspection and the State Supervision Commission on January 3, a few days ago, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in the State Financial Supervision and Administration and the Jilin Provincial Supervision Commission conducted a disciplinary review and supervision investigation on Gao Fei, Secretary of the Party Committee and Director of the Jilin Supervision Bureau of the former China Banking Regulatory Commission, on suspicion of serious violations of discipline and law. After a meeting of the party committee of the State Administration of Financial Supervision and Administration, Gao Fei was expelled from the party, his benefits were revoked in accordance with regulations, and his disciplinary and illegal gains were confiscated.
5. A few days ago, a number of banks issued announcements on making appointments to exchange ordinary commemorative coins and banknotes for the 2024 Chinese New Year. According to the announcement, the number of ordinary commemorative coins and banknotes for the 2024 Chinese New Year will be 120 million and 100 million respectively. The 2024 Lunar New Year commemorative coin denomination is 10 yuan, and the 2024 Chinese New Year commemorative banknote is 20 yuan. The appointment time is from 22:00 on January 3, 2024 to 24:00 on January 4, 2024, and for Chinese New Year banknotes from 22:30 on January 3, 2024 to 24:00 on January 4, 2024. The redemption period is from January 9 to 15, 2024. Each type can be reserved for 20 sheets per person. That night, the topic of commemorative coins and banknotes in the Year of the Dragon quickly became the first hot search on Weibo. Some netizens left a message on Weibo: "The appointment systems of major banks are crowded, either the system is paralyzed, or the product is light in seconds, and the Year of the Dragon commemorative coin is too hot!"
Source: Weibo
6. According to the Shanghai Municipal Administration for Market Regulation, on January 3, the Law Enforcement Corps of the Shanghai Municipal Administration for Market Regulation signed a memorandum of cooperation and co-governance with 17 Internet platform companies, including Xiaohongshu, Pinduoduo, Ctrip, Meifang, Dewu, Meituan, and Ele.me. Based on the memorandum of co-governance, the law enforcement corps will take the initiative to provide platform enterprises with data such as typical cases of violations of laws and regulations, public opinion information disposal, etc., and strengthen administrative guidance and reminders and warnings for platform enterprises. Through regular guidance, platform enterprises are regularly provided with typical cases of "warning" violations, so as to help platform enterprises improve the efficiency of identifying and disposing of potential illegal acts, and improve the level of Internet governance.
7. On January 3, the WeChat official account of the Passenger Association released the wholesale sales news of new energy passenger car manufacturers in December 2023. The data shows that in 2023, the development advantages of new energy passenger vehicles in China will continue to consolidate and expand. The Federation of Passenger Cars comprehensively estimates that the wholesale sales of new energy passenger car manufacturers in December will be 1.13 million units, a year-on-year increase of 50% and a month-on-month increase of 18%. The cumulative wholesale volume from January to December 2023 was 8.88 million units, a year-on-year increase of 38%.
Key interpretations
The latest interpretation of the National Data Bureau accelerates the construction of a national integrated computing power network
Xinhua News Agency reported on January 3 that the "Implementation Opinions on the In-depth Implementation of the "Eastern Data and Western Computing" Project to Accelerate the Construction of a National Integrated Computing Network" was released a few days ago.
The main responsible comrades of the National Data Bureau said that in the near future, they will focus on promoting four aspects of work: First, strengthen top-level coordination. Relying on the coordination mechanism for promoting the construction of new infrastructure, the National Development and Reform Commission and the National Data Administration, together with the Cyberspace Administration of the People's Republic of China, the Ministry of Industry and Information Technology, and the National Energy Administration, have strengthened overall planning and promotion efforts to coordinate and solve problems existing in the construction process. The second is to improve the policy system. Carry out special research on key issues, improve the design of policy tools such as hash power coupons and data center REITs, and strengthen the support of policy-based financial instruments. The third is to implement demonstration projects. Focusing on the overall layout of data infrastructure, carry out the construction of a national integrated computing power network demonstration project. Fourth, strengthen evaluation and supervision. Set up a special working group, continue to carry out policy implementation tracking, and establish a normalized computing power statistical monitoring mechanism.
Guosheng Securities released a research report saying that from "Eastern Data and Western Computing" to "National Integrated Computing Network", it has verified that the importance and status of computing resources are constantly improving in development, and it has become an important part of infrastructure. To build a computing power network, it is necessary to comprehensively promote the development of computing power optimization, computing power scheduling, optical communication, and liquid cooling industries through strong energy consumption management and control capabilities, cost reduction and efficiency improvement capabilities, and network visualization capabilities.
Galaxy Securities released a research report saying that global competition is intensifying, technology is rapidly iterating, and there are great opportunities for the development of computing power in the digital economy. With the development of AI, the advancement of 6G, and the popularization of satellite-related services in the future, technological change needs to be accelerated in order to gain greater leadership in digital technology. Looking forward to 2024, the demand for communication equipment, which is the foundation of the computing infrastructure of the digital economy, is expected to usher in high growth, and related sectors may usher in greater opportunities, focusing on operators, optical communications, and satellite Internet-related industrial chains.
Company News
1. Sanhua Intelligent Control: On the evening of January 3, it was announced that the company and its holding subsidiary Xiantu Electronics signed the "Sanhua Intelligent Control Future Industry Center Project Investment Agreement" with the Management Committee of Hangzhou Qiantang New Area, which consists of two sub-projects with a total planned investment of not less than 5 billion yuan.
The company said that the implementation of the agreement is conducive to the company's expansion of the business scale of refrigeration and air conditioning electrical parts and auto parts. At the same time, the company can quickly enter the robot market by using the existing resource advantages and scientific and technological advantages, and can realize the extension and expansion of the company's existing industrial chain.
2. SAIC: On the evening of January 3, the company announced that the company's vehicle sales in December 2023 were 637,000 units, a year-on-year increase of 18.75%. Among them, the sales volume of new energy vehicles was 219,400, a year-on-year increase of 53.16%. In 2023, the cumulative sales of complete vehicles will be 5.0209 million, a year-on-year decrease of 5.31%, of which the cumulative sales of new energy vehicles will be 1.1229 million, a year-on-year increase of 4.61%.
3. Jinji Co., Ltd.: On the evening of January 3, it was announced that Yingzhi Innovation (Shenzhen) Technology Co., Ltd., a wholly-owned subsidiary, signed the "AI Competence Center Computing Service Resource Operation Contract" with Shenzhen Dixi Yunlian Technology Co., Ltd. to provide computing power services to Dixi Yunlian. The total price of the contract is 922 million yuan including tax.
The company said that the signing of the contract has confirmed the long-term cooperative relationship between the company and the company, which will help the company's computing power leasing business to develop rapidly.
4. Zhuye Group: On the evening of January 3, the company announced that the company previously planned to purchase 100% of the equity of Minmetals Copper (Hunan) Co., Ltd. from Hunan Shuikoushan Nonferrous Metals Group Co., Ltd. by paying cash, and the transaction constituted a major asset restructuring and a related party transaction. Considering the recent changes in the market environment and other factors, the company decided to terminate the material asset restructuring after careful research and consensus with the counterparty.
5. Tuopu Group: On the evening of January 3, it was announced that Wu Jianshu, the chairman and actual controller of the company, and Paisher Real Estate, a wholly-owned subsidiary of Maike International Holdings (Hong Kong) Co., Ltd., a controlling shareholder, increased their holdings of part of the company's shares on the same day, and planned to continue to increase their holdings within 6 months. The total amount of the increase in holdings of Wu Jianshu and Paishe Real Estate is not less than 100 million yuan and not more than 200 million yuan (including the part that has been increased this time), and the price range of the proposed increase in shares is not higher than 90 yuan per share.
6. Jinshan Office: It was announced on the evening of January 3 that it is expected to make a net profit of 1.235 billion yuan to 1.366 billion yuan in 2023, a year-on-year increase of 10.55% to 22.19%. In the future, the company will further increase investment in the field of AI, launch more innovative AI capabilities, and continuously expand the application scenarios of AI technology.
7. 3. Libert: On the evening of January 3, the company issued a stock trading risk warning announcement, saying that the company does not involve "controllable nuclear fusion" business in the orders in hand. The company has not yet confirmed the sales object of TAMT® ® series SOOC products of Topene Technology, and this business has not yet brought business income to the company, and it is expected that this business will account for a small share of the company's business in the future and will not have a significant impact on the company's operating performance.
8. Ping An of China: On January 3, a reporter from China Securities Journal and China Securities Taurus learned from people familiar with the matter that Ping An of China issued an internal document that Chairman Ma Mingzhe was appointed as the director of the Strategic Development Center of Ping An Group of China, co-CEO Guo Xiaotao served as the deputy director, and Fu Xin was no longer the director of the Strategic Development Center. After leaving the post for more than 20 years, Ma Mingzhe once again took the lead.
9. Douyin: On January 3, the official WeChat public account of Douyin Group issued a document stating that the new version of the "health score" penalty for Douyin Live officially came into effect. Before the implementation of the "health score" system, the management of live broadcast rooms was mainly based on a single punishment, and one-time warnings, interruptions, and temporary withdrawal of live broadcast permissions were carried out according to the violating content. Now, the live broadcast room is looking at the long-term performance of the anchor, and if the cumulative number of violations is too much, the live broadcast income will be lost.
10. China Resources Group: On January 3, the official website of China Resources Group issued a solemn statement on the illegal financial activities of criminals fraudulently using the names of "China Resources Power" and "China Resources Wufeng". According to the statement, some criminals developed mobile programs in the name of "China Resources Power" to attract social investment, and spread false information such as "China Resources Power's capital disk" and "China Resources Power's fund refund registration" on social media. In addition, criminals set up relevant mobile programs/websites/group chats in the name of the "China Resources Wufeng" sector, and "packaged" all kinds of food produced by China Resources Group with the business model of "food + Internet + finance" to carry out illegal financial activities.
China Resources Group said that the relevant contents and behaviors of "China Resources Power" and "China Resources Wufeng" forged by criminals have nothing to do with China Resources Group. For illegal acts that infringe upon the legitimate rights and interests of the Group by using the name of China Resources Group and its subsidiaries without permission, we will resolutely protect our rights and interests through legal means once discovered.
11. Xiaomi: On January 3, Wang Hua, general manager of the public relations department of Xiaomi Group, posted on Weibo: "I just saw a few pictures, it's really fake! This can't be a picture made by our rice fans, not only the font is not right, there is no rice mark, but the screenshot of the official website is directly P The word is more sloppy." Of course, it can be seen from this that everyone is very concerned about the price of Xiaomi cars, don't worry, if you are willing to buy a car, wait. I'll be sure to break the news on time!"
Selected Research Reports
Hualong Securities believes that the policy implementation has been effective, the economy has continued to recover, and the performance of listed companies has gradually rebounded, which is expected to provide support for the A-share market. With the continuous improvement of the performance of listed companies and the low valuation, the attractiveness of the A-share market continues to increase, and it is expected to obtain a multi-faceted capital layout. The core main line can focus on the direction of "new kinetic energy" to promote high-quality development, focusing on electronics, industrial Internet, artificial intelligence, new energy, etc. The direction of supply-side reform lays out the transformation and upgrading of traditional industries, and digitalization promotes the opportunities brought by efficiency improvement, cost reduction, and capacity optimization. You can pay attention to non-ferrous metals, building materials, finance, etc. Topics can be paid attention to: state-owned enterprise reform, special valuation, new infrastructure, pro-cyclical, etc.
Guosheng Securities believes that the recent spring market of the A-share market may have started. The current round of rising market is sustainable, or it may be catalyzed by two positive factors. First, on the policy side, the domestic policy environment will be better in the first quarter, and the market may usher in a window period for the intensive introduction of active policies; It is recommended to focus on the growth direction of science and technology such as electronics in the context of the rebound of the semiconductor cycle, digital infrastructure benefiting from fiscal strength, and AI applications under policy support and technological breakthroughs.
Reporter: Zhang Jing Editor: Wang Yin Producer: Zhang Nan Signed: Fei Yangsheng