Macro news
1. The person in charge of the relevant department of the China Securities Regulatory Commission said that the rumors in the relevant market of "the quantitative trading of the commodity futures market was suspended" were untrue. In 2024, in order to strengthen trading supervision and maintain the market order of the "Three Publics", all commodity futures exchanges will optimize and adjust the fee reduction policy, and implement a differentiated fee reduction policy for programmatic trading customers who meet certain standards, rather than suspending programmatic trading in the futures market.
2. Foreign Ministry Spokesperson Wang Wenbin held a regular press conference yesterday. When asked by a reporter about a number of Chinese students who were interrogated when they entered the United States, Wang Wenbin said that the US side's approach is a typical selective, discriminatory and political law enforcement. The Chinese side strongly deplores and resolutely opposes this, and urges the US side to implement its statement of welcoming Chinese students studying abroad.
3. Yesterday, it was reported that investor interactive platforms such as "Interactive Easy" and "SSE e-Interactive" will be shut down to reduce the real-time impact of intraday or pre-market issuance on stock prices on the interactive platform. According to the reporter of the Financial Associated Press, this rumor is untrue, and there is no arrangement to stop or close the investor interaction platform. However, the reporter noticed that the response time of interactive content has been adjusted, which can be sent before or during the market, and can only be sent after the market.
Industry news
1. The National Data Bureau and 17 other departments jointly issued the "Data Element ×" Three-Year Action Plan (2024-2026). The Action Plan selects 12 industries and fields, including industrial manufacturing, modern agriculture, commerce and trade circulation, transportation, financial services, scientific and technological innovation, cultural tourism, medical and health, emergency management, meteorological services, urban governance, and green and low-carbon, to promote the multiplier effect of data elements and release the value of data elements.
2. The General Office of the Shanghai Municipal People's Government issued the "Several Policies and Measures of Shanghai Municipality to Promote the Healthy Development of the Online New Economy". It proposes to encourage qualified online new economy red-chip enterprises to return to the domestic capital market, and support eligible platform enterprises to list at home and abroad in accordance with laws and regulations.
3. The National Development and Reform Commission and other four departments issued the "Implementation Opinions on Strengthening the Integration and Interaction of New Energy Vehicles and Power Grids", which mentioned that efforts should be made to carry out pilot demonstrations of vehicle-network interaction, and strive to participate in the pilot demonstration of more than 60% of the annual charging power in 2025 concentrated in the trough period, and more than 80% of the charging power of private charging piles will be concentrated in the trough period;
4. The two departments issued guidance on accelerating the development of emergency robots, aiming to develop a number of advanced emergency robots by 2025, greatly improving the level of scientific, professional, refined and intelligent, and strengthening the innovative application of cloud computing, artificial intelligence and big data in emergency robots to improve the intelligent level of robots.
5. Recently, with the consent of the State Council, the National Development and Reform Commission issued the "Implementation Plan for Coordinated Promotion of High-quality Development in the Dabie Mountain Revolutionary Base Area in the New Era". Support Huanggang to accelerate its integration into the Wuhan metropolitan area, support the development of Lu'an and Hefei in the same city, support Xinyang to build a bridgehead for Henan Province to connect with the Yangtze River Delta, and support other cities in the Dabie Mountain Revolutionary Base Area to connect with the surrounding central cities to accelerate the development of characteristics.
6. According to TrendForce, the lithium battery industry chain will experience a round of large-scale capacity release in 2023, but due to the slowdown in terminal demand, the industry as a whole has fallen into an overcapacity cycle, and the prices of lithium battery raw materials have fallen sharply. It is expected that in 2024, with the gradual destocking of various products in the industrial chain, the inventory is expected to return to a healthy level in the second quarter, and the price of lithium battery products will also stabilize.
7. The Office of the Leading Group for Accelerating the Construction of a Strong Province with High-quality Tourism in Anhui Province recently issued the "Notice on Further Releasing the Potential of Tourism Consumption and Promoting the High-quality Development of the Cultural and Tourism Economy". It is mentioned that the construction of a world-class leisure resort and health tourism destination in Dahuangshan will be accelerated, and high-end service industries such as leisure vacation, health care and medical care will be developed.
8. According to the preliminary estimate of the Passenger Car Association, the retail sales of passenger cars in December were 2.361 million units, an increase of 9% year-on-year and 14% month-on-month, and the cumulative retail sales of 21.706 million units this year, a year-on-year increase of 6%; the wholesale of passenger car manufacturers nationwide was 2.796 million units, a year-on-year increase of 24% and a month-on-month increase of 10%, and a total of 25.611 million units were wholesaled this year, a year-on-year increase of 10%.
9. According to the "Silk Road Pilot" Action Plan for Accelerating the Cultivation of Zhejiang Private Multinational Corporations published on the official website of the Zhejiang Provincial Government on January 3, by 2025, the total number of private multinational companies included in the cultivation bank in the province will reach more than 300, and the proportion of foreign investment filings will exceed 70%.
Company News
1. Yahua Electronics issued an announcement on stock trading changes, saying that there is no specific application of Hongmeng medical care scenarios.
2. Changbai Mountain disclosed the announcement of stock trading risk warning, and the total number of tourists received by the main scenic spot of Changbai Mountain in 2023 increased by 260.5% year-on-year.
3. JMicron issued an announcement on stock price changes, saying that Hongmeng series products are still in the development and testing stage and have not yet formed sales orders.
4. Tuopu Group announced that it plans to invest 5 billion yuan in the construction of a production base for core components of robots.
5. *ST Yuebo announced that the Nanjing Intermediate People's Court allowed Yuma to withdraw its bankruptcy liquidation application for the company.
Global Markets
1. The three major U.S. stock indexes closed mixed, with the Nasdaq down 0.56%, falling for five consecutive days, the S&P 500 down 0.34%, falling for four consecutive days, and the Dow up 0.03%. MobilEye fell more than 24%, hitting its lowest since late April last year and its biggest one-day drop since going public, and the company's 2024 revenue guidance fell short of market expectations. Quantumscape rose more than 43% to its highest level since August last year, and a subsidiary of the Volkswagen Group completed an endurance test using Quantumscape solid-state batteries, which showed that it can achieve an ultra-long life of 500,000 kilometers. Major European stock indexes collectively closed higher, with Germany's DAX 30 index rising 0.48%.
2. The settlement price of international crude oil futures closed down slightly. The February contract for WTI crude oil futures fell 0.70%, and the Brent crude futures contract for March delivery fell 0.84%.
3. The settlement price of COMEX February gold futures rose 0.35%, and the settlement price of COMEX March silver futures rose 0.13%.
Investment Opportunity Reference
1. Leading enterprises have launched the first AI smart lamp, and smart devices are an important breakthrough in AI landing
Recently, SenseTime Technology launched its first smart table lamp product - Yuan Radish Light Wing Lamp. The product integrates artificial intelligence technology, mainly for school-age children, and can realize intelligent functions such as AI correction of sitting posture reminders, AI attention detection, and AI light movement with books.
In recent years, artificial intelligence technology is being increasingly applied to all walks of life and fields. From intelligent voice assistants to self-driving cars, from smart healthcare to smart manufacturing, AI is impacting our work and lives like never before. Institutions believe that AI development is shifting from software-led to hardware + software parallel drive, and smart devices, as the ultimate carrier for AI to reach users, are becoming an important breakthrough in the future development and implementation of AI. Since 23H2, terminal manufacturers and chip manufacturers have begun to intensively deploy device-side AI, and the integration of AI models with mobile phones/PCs/wearable devices/XR will bring long-lost software, hardware, and ecological innovation to the terminal industry, resulting in innovative interaction methods and audio and visual experiences, and the curtain of device-side AI has been opened.
2. The demand for humanoid robots + automobiles is strong, and the industry has the characteristics of high growth, high barriers and low competition
The agency pointed out that compared with the "turning and milling + grinding" process, the "cold forging + grinding" process has high efficiency, low cost, and the highest machining accuracy can reach C5 level, which is expected to help the mass production of planetary roller screws, and it is recommended to pay attention to manufacturing, molds and equipment.
Cold precision forging is a (near) net forming process, which has the advantages of high machining accuracy, high production efficiency, high material utilization rate and good mechanical properties of forgings, in line with the concept of green production, and is often used to manufacture parts with high comprehensive performance requirements and complex shapes. The cold forging industry also has the characteristics of high growth, high barriers and low competition. The cold forging process is one of the mainstream routes for making planetary roller screw threads, and the application scenario has a high degree of overlap with the turning and milling process. Market participants pointed out that the penetration rate of domestic cold forgings still has a lot of room for improvement, and the downstream demand is also quite strong, according to estimates, the demand for cold forgings in the domestic automobile market alone has reached 1.08 million tons, plus the domestic motorcycle market and overseas markets, the market space prospects are more broad.
3. This market has set off a wind of AI upgrading, and technology companies are creating new products with large model applications
At present, the intelligent Xi machine market has set off a wind of AI upgrading, and some technology companies with technical capabilities are creating new products with large-scale model education applications. The institution believes that with the continuous changes in the future education environment, as well as external drivers such as online education and AI technology iteration, the learning Xi machine is expected to become a popular product again.
Personalized teaching plays an important role in tapping individual talents, maximizing potential, and giving back social value, and learning Xi opportunities are expected to become an important medium for distributing personalized teaching content. The learning Xi machine is expected to help education truly transform from teacher-centered to student-centered, the learning Xi mode from the traditional "unified" teaching to "personalized" teaching, and the learning Xi resources are taught according to their aptitude to catalyze the intelligent and diversified development of chemistry Xi application. The institution believes that at the technical level, there is a large amount of data in the field of education in mainland China, which is conducive to the commercialization of AI+ learning Xi Xi machine products and promotes the penetration rate of related products; With the increase in the penetration rate and unit price of Xi learning machines, the neutral space of the domestic Xi machine market in 2025 will be 24 billion yuan, and it is expected to touch more than 50 billion yuan in an optimistic scenario, and the introduction of subscription payment is expected to further extend its boundaries.
4. The press conference is approaching, and another new mobile phone equipped with satellite communication technology will be released soon
According to Honor's official announcement, Honor will hold a GloryMagic6 series flagship new product and MagicOS8.0 conference from January 10th to 11th, and the time of the conference is gradually approaching. It is reported that the Magic6 series mobile phones will be equipped with Hongyan satellite communication technology to support calls and text messages.
Compared with traditional 4G/5G communication, mobile phone satellite communication can work normally even if it is not in the coverage range of the signal tower, so it has gradually attracted the attention of mobile phone manufacturers, and satellite communication has become the next battlefield aimed at by mobile phone manufacturers. In addition to Apple and Huawei, Honor, OPPO, vivo, etc. have officially announced that they will be equipped with satellite communication technology in the new generation of flagship models, and have successively announced new progress. Industry insiders believe that with the maturity of satellite direct connection, communication terminals and other technologies, the application of satellite communication for the C-end is gradually mature, which is expected to further improve the economy of the satellite Internet system, thereby accelerating the construction of the domestic satellite communication system. The next generation of communication will move towards the era of satellite-ground integration, and direct mobile phone connection is expected to become one of the main business forms of satellite Internet, and will also be the next focus of competition for satellite Internet. With the acceleration of satellite Internet construction, the core targets of the industrial chain are expected to continue to benefit.
(Finance Associated Press)