Seven departments, including the central bank, will further strengthen financial support for green and low-carbon development
Seven departments issued guidance on further strengthening financial support for green and low-carbon development. The opinions put forward that in the next five years, the world's leading financial support system for green and low-carbon development will be basically constructed, the financial infrastructure, environmental information disclosure, risk management, financial products and markets, policy support system and green finance standard system will be continuously improved, the regional reform of green finance will be promoted in an orderly manner, international cooperation will be closer, and various factor resources will be gathered in the green and low-carbon field in an orderly manner.
In response to Fitch's downgrade of China's sovereign credit rating, the Ministry of Finance responded heavily
Ministry of Finance: Fitch International Credit Rating Co., Ltd. issued a report to maintain China's sovereign credit rating unchanged, but revised the rating outlook from "stable" to "negative". In this regard, the relevant responsible comrade of the Ministry of Finance said that the indicator system of Fitch sovereign credit rating methodology fails to effectively and forward-looking reflect the positive effect of fiscal policy on promoting economic growth and stabilizing the macro leverage ratio.
The European Union announced an investigation into Chinese wind turbine suppliers, and the Ministry of Foreign Affairs: China is highly concerned
The European Union has announced an investigation into Chinese wind turbine suppliers for allegedly receiving unfair subsidies and other forms of support from the Chinese government. In this regard, Foreign Ministry spokesperson Mao Ning said that he hoped that the European side would not sing a high-profile song on climate change while undermining efforts to address climate change. Protectionism cannot solve its own problems, and what protectionism protects is backwardness, what is lost is the future, and what is caused is more loss. We urge the EU to abide by WTO rules and market principles, and China will firmly safeguard the legitimate rights and interests of Chinese enterprises.
US March CPI data was higher than expected Hopes of a rate cut in June were largely dashed
The US CPI rose 3.5% year-on-year in March, the highest level since September 2023, with the market estimate of a 3.4% increase versus a 3.2% increase previously, and the US CPI rose 0.4% month-on-month in March, compared to a 0.3% increase in the market estimate and a 0.4% increase in the previous month. The core CPI in the United States rose by 3.8% year-on-year in March, with an estimate of 3.70% and a previous value of 3.80%, and the core CPI in the United States rose by 0.4% in March from a previous estimate of 0.30% and a previous value of 0.40%. Bets on a Fed rate cut in June have all but disappeared after data showed higher-than-expected inflation, and even the outlook for July looks more volatile. Traders have also cemented their expectations that there will only be two rate cuts this year, while the Fed's dot plot is expected to cut rates three.
China Securities Regulatory Commission: Fully implement the work requirements of strictly cracking down on illegal securities activities in accordance with the law
In 2024, the China Securities Regulatory Commission will fully implement the work requirements of strictly cracking down on illegal securities activities in accordance with the law, adhere to the supervision of "long teeth and thorns", angular and angular, "zero tolerance" to crack down on violations of laws and regulations in the capital market, severely punish fraudulent issuance, financial fraud and other market chaos, and provide a strong legal guarantee for the high-quality development of the capital market.
Seven departments deploy standard improvement actions to support equipment renewal and consumer goods trade-in
The seven departments jointly issued the "Action Plan for Upgrading Traction Equipment Renewal and Trade-in Consumer Goods with Standards". The "Action Plan" arranges standard improvement tasks around three aspects: equipment renewal, consumer goods trade-in and recycling, promotes the transformation and upgrading of automobile standards, and accelerates the update of household appliance standards.
Ministry of Industry and Information Technology: Carry out pilot work to expand the opening up of value-added telecommunications services
The Ministry of Industry and Information Technology (MIIT) issued the Notice on Launching the Pilot Work of Expanding the Opening-up of Value-added Telecommunications Services, and decided to carry out the pilot work of expanding the opening-up of value-added telecommunications services. This expanded opening-up policy aims to actively align with international high-standard economic and trade rules, stimulate market competition and the vitality of the main body, serve the construction of a new development pattern, and share the dividends of China's digital economy development with the world. The notice pointed out that the scope of the pilot area will be expanded in due course according to the implementation of the pilot.
China Association of Automobile Manufacturers: China's auto sales increased 9.9% year-on-year in March, and sales of new energy vehicles increased 35.3% year-on-year
From January to March 2024, Continental's vehicle production and sales totaled 6.606 million units and 6.72 million units, up 6.4% and 10.6% y/y, respectively, the highest since 2019, while exports totaled 1.324 million units, up 33.2% y/y. Production and sales of new energy vehicles (NEVs) from January to March totaled 2.115 million units and 2.09 million units, up 28.2% and 31.8% y/y, respectively. In March, China's automobile production and sales totaled 2.687 million units and 2.694 million units, up 78.4% m/m and 70.2% m/m and 4% and 9.9% y/y, respectively. NEV production and sales totaled 863,000 units and 883,000 units, up 28.1% and 35.3% y/y, respectively.
The Stamp Duty (Amendment) Bill 2024 was passed by the Legislative Council of the HKSAR for the third reading
The Stamp Duty (Amendment) Bill 2024 was passed by the Legislative Council of the Hong Kong Special Administrative Region (HKSAR) for the third reading, and residential property transactions in Hong Kong are no longer subject to Special Stamp Duty, Buyer's Stamp Duty and New Residential Stamp Duty.
The Hong Kong Finance and Treasury Bureau responds to rumors of draft tax rules: the industry is being consulted
There are rumours that the reason for the surge in Hong Kong stocks is that the Hong Kong government is considering new tax rules, and the draft rules are expected to be released as early as this month. In response to this rumour, the Financial Services and the Treasury Bureau of Hong Kong replied that the FSTB is working with the regulators to liaise with the industry and solicit opinions according to the Budget, and will consult the industry on specific improvement proposals in due course.
Shanghai Futures Exchange and Shanghai Energy: Trading limits are imposed on gold, copper and crude oil futures
The Exchange issued a notice on the implementation of trading limits on gold and copper futures. Starting from April 12, 2024 (i.e., continuous trading on the evening of April 11), the trading limits for gold and copper futures products of the Shanghai Exchange will be implemented. The maximum number of open positions opened by non-FF members and clients in each contract day is 2,800 lots of gold and 2,000 lots of copper. The maximum number of intraday open trades for an account group with an actual control relationship is executed on a per-client basis. The number of open positions for hedging and market making is not subject to this limit.
Bob Parker, a senior adviser at the International Capital Market Association (ICMA), warned that further gains in gold prices are unlikely
Bob Parker, a senior adviser at the International Capital Market Association (ICMA), warned that further gains in gold prices are unlikely. According to Parker, there are three factors that could end gold's record rally. First, gold tends to move in the opposite direction of interest rates, secondly, given that gold does not bear interest and Treasury yields rise, gold will weaken relatively well, and third, the strength of the dollar is a traditional headwind for gold.
Quantitative private equity companies have suffered huge redemptions, and the private placements involved have been exposed
Previously, it was reported that a large quantitative private equity company in Beijing was rumored to have a "huge redemption", and the private equity involved was Hande Investment. In response to the rumors of huge redemptions, Hande Investment mentioned in the latest statement that the "large redemption" of private equity funds mentioned in relevant reports is a redemption that occurs naturally in the course of daily operation, and the redemption amount mentioned is more than 500 yuan, and the proportion of the above-mentioned redemption amount is small in terms of the overall scale of the product. The performance of the company's related products in the past period has been normal.
Shanghai police took action: A case was filed! Many people were arrested
The Shanghai police issued a police report stating that recently, the Yangpu Branch of the Shanghai Municipal Public Security Bureau filed a case for investigation of the suspected illegal fund-raising crime of "Hehe" companies such as Hehe Capital in accordance with the law, and took criminal coercive measures against Wang Moumou, Liang Moumou and other criminal suspects in accordance with the law. A few days ago, Hehe Capital issued an announcement on its official website, announcing the suspension of payment.
China Securities Regulatory Commission: In 2023, 539 penalty decisions will be made, and the amount of fines and forfeitures will be 6.389 billion yuan
The China Securities Regulatory Commission announced the construction of a rule of law government in 2023, and made 539 penalty decisions throughout the year, with a fine and confiscation amount of 6.389 billion yuan, and 103 people banned from the market. A total of 47 companies were delisted throughout the year, of which 44 were forcibly delisted. In 2024, the China Securities Regulatory Commission will adhere to the focus of serving the real economy, promote the deepening and solidification of the registration system for stock issuance, continuously improve the basic system of the capital market, strengthen legislation in key areas, and lay a solid foundation for governing the market according to law.
Blizzard China officially announced its return
Blizzard China's official Weibo announced that Blizzard Entertainment has reached an updated game publishing agreement with NetEase, building on its more than 15-year partnership, to bring Blizzard games back to Chinese players. In addition, Microsoft Games and NetEase have also reached an agreement to try to bring new NetEase games to Xbox and other platforms.
Huawei released the world's first new wind-liquid intelligent cooling industrial and commercial energy storage product
On April 10, Huawei Digital Power held a press conference in Beijing to unveil the world's first new wind-liquid intelligent cooling industrial and commercial energy storage product. The product has made breakthrough innovations in the three major architectures of security, thermal management, and power supply, and has carried out full-scenario and full-life cycle application innovation in order to flexibly adapt to industrial and commercial scenarios.
The first virtual power plant in the subdivision field was completed, and the virtual power plant may save up to 90% of the investment cost
According to media reports, the virtual power plant system of CPID's Wuhu Integrated Smart Zero-Carbon Power Plant Project clearly presents aggregated total capacity, adjustable capacity, and data such as valley and peak power. The system aggregates a variety of resource types such as photovoltaics, energy storage, charging piles, industrial enterprises, and building air conditioners, and intelligently dispatches and balances energy supply and demand through optimization algorithms to improve energy efficiency. In addition, Tangshan, Hebei Province, recently built the mainland's first electric heavy-duty truck virtual power plant.
New energy power generation has the characteristics of intermittency, volatility and randomness, which poses challenges to the security and stability of the power grid. With the large-scale installation of new energy and grid-connected power generation, the problem of new energy power consumption is inevitable. Virtual power plants have the ability to adjust on a large scale, which can cope with the short-term power supply and demand tension and the difficulty of new energy consumption, and the "peak shaving and valley filling" through virtual power plants has obvious economic advantages compared with traditional thermal power. According to the State Grid's calculations, if the construction of coal-fired power units to meet the peak load demand of 5% of its business area, the investment in power plants and supporting power grids is about 400 billion yuan, and if the construction of virtual power plants, the scale of construction, operation and maintenance and incentive funds is only 40 billion to 57 billion yuan. In this way, investment costs can be saved by up to 90%. Industry insiders said that as the reform of the power market continues to advance, the construction of virtual power plants is expected to accelerate. According to a research report released by CITIC Securities, it is expected that the overall capacity of virtual power plants is expected to reach 72.3 billion yuan by 2025, and its market space may reach 196.1 billion yuan by 2030.
Among the listed companies, Beijing Cree (002350) has increased R&D investment in distributed photovoltaics, energy storage and other fields in recent years, and has launched a variety of products, including energy storage booster and converter integrated warehouse, energy storage PCS, string photovoltaic inverter, energy storage battery BMS, EMS, energy router, DC distribution network related converter equipment, etc., which can be applied to the construction of new power system-related projects such as virtual power plants.
Shennan Power A (000037) actively explores scientific and technological projects such as virtual power plant platforms, and its subordinate Nanshan Thermal Power Plant has been filed with the virtual power plant management cloud platform of Shenzhen Virtual Power Plant Management Center in 2022.
Huawei's HarmonyOS Ecosystem Spring Communication Conference will be held soon, and more than 4,000 applications have joined the HarmonyOS ecosystem
Huawei will hold a Hongmeng ecological spring communication meeting at 14:30 on April 11th, according to reports, Hongmeng Zhixing Zhijie S7, and Huawei's new MateBook new products were unveiled.
The HarmonyOS ecosystem is accelerating. On January 18 this year, Huawei announced that the first batch of more than 200 application vendors are accelerating the development of HarmonyOS native applications, with more than 4,000 applications by the end of March, an increase of 20 times in two months. It is understood that CCTV is the first in the industry to complete the full version development of Hongmeng's native applications, and head applications such as Station B, Xiaohongshu, iQiyi, Himalaya, WPSOffice, China Merchants Bank, and Postal Savings Bank have completed the development of beta versions. Zong Jianshu of Changjiang Securities pointed out that at the current point in time, the progress of Hongmeng's ecological construction has exceeded expectations. As the release date of HarmonyOSNEXT, which is no longer compatible with Android, is approaching, the construction of the HarmonyOS ecosystem is expected to accelerate.
Among the listed companies, Changshan Booming (000158) wholly-owned subsidiary, Booming Software, is an important core strategic partner of Huawei, cooperating with Huawei in all fields, and is a diamond-level reseller of Huawei's multi-product products, a core-level solution provider of HUAWEI CLOUD, and an advanced cloud SI of HUAWEI CLOUD. The company's Beiming Software has cooperated with Huawei's HarmonyOS system.
JMicron (001339) Hongmeng series products are still in the development and testing stage, and some products have been adapted.
As a partner of HarmonyOS Zhilian and an enabling partner of OpenHarmony, a leading large-scale communication equipment company in China, Runhe Software (300339) has a comprehensive ecosystem cooperation with Huawei.
Natural gas price adjustment plans have been issued in many places, and the profitability of city gas companies is expected to recover
Recently, many places have issued residential piped natural gas price adjustment plans (Shenzhen, Fuzhou, Zhenjiang, Putian Xinghua, etc.), and the sales price of residential piped gas has been raised. According to the statistics of Tianfeng Securities, a price linkage mechanism document or price adjustment notice has been issued, involving 125 municipal and county-level administrative units.
The wider the coverage area and the larger the scale, the more obvious the first-mover advantage over other competitors. Everbright Securities pointed out that under the influence of factors such as high natural gas prices and poor price fluctuations of urban gas companies, urban gas companies are facing certain profit pressure. In the future, if more places actively promote the work of natural gas price adjustment, and the purchase price of upstream gas sources stabilizes or declines, it is expected that the profitability of the city gas company is expected to recover.
Among the listed companies, Chengdu Gas (603053) is the largest city gas operating enterprise in Chengdu, and has obtained the concession or exclusive operation area of the natural gas market in the area within the Chengdu Ring Expressway and some surrounding districts and counties.
Guizhou Gas (600903) has been specializing in the operation of city gas for more than 30 years, and as of June 30, 2023, the company has built gate stations, distribution stations and liaison lines and other facilities for receiving natural gas from national backbone pipelines in Guiyang City, Gui'an New District, Zunyi City, Anshun City, Duyun City, Kaili City, Bijie City, Liupanshui City, Renhuai City, Panzhou City, Tongzi County, Xishui County, Zhenning County and other cities.
Shenzhen Gas (601139) As of the end of 2023, the company has operated 57 city (district) pipeline gas projects in 11 provinces (regions) including Guangdong, Guangxi, Jiangxi, Anhui, Jiangsu, Zhejiang, Yunnan, Hunan, Hubei and Hebei.
From the laboratory to mass production applications, GAC Haobo "all-solid-state" batteries are about to be unveiled
GAC Aion's Haobo brand announced that Haobo's "all-solid-state" battery will be unveiled soon and will be released on April 12. According to reports, the battery uses 100% solid-state electrolyte, with ultra-high energy density, super intrinsic safety (mainly referring to monomer safety), ultra-wide temperature range and other characteristics, and has "moved from the laboratory to mass production application".
For a long time, solid-state batteries have been known as the most promising "next-generation power batteries", with many advantages such as ultra-high energy density of more than 400Wh/kg, ultra-high safety of high temperature resistance and puncture resistance, and wide temperature range working window. According to the CITIC Securities research report, the recently released Zhiji L6 is equipped with a quasi-900V ultra-fast charging "light year" solid-state battery, which realizes the long range of 1000+ km of four-wheel drive models and the ultra-fast energy replenishment of 400kW with a peak charging power, and the range can be increased by 400+ km in 12 minutes, and the Zhiji L6 equipped with a solid-state battery The price of the MAX light-year version does not exceed 330,000 yuan, which is less than the premium of no more than 299,000 yuan for the Max super performance version. With the gradual application and promotion of semi-solid-state batteries, the circle of friends of leading solid-state battery manufacturers and all links of the solid-state battery industry chain are expected to benefit.
Among the listed companies, Funeng Technology (688567) said that GAC Haobo is one of the company's main customers, and the company's battery products have been installed in GAC Haobo in 2023, and it plans to carry out in-depth cooperation on semi-solid-state battery products in the future.
GEM (002340) has developed a number of precursor manufacturing technologies with solid-state batteries, such as "core technology for the manufacture of high-conductivity and high-nickel precursors with surface nano coating", and has a variety of precursor reserve technologies for solid-state batteries, and has actively certified and docked with downstream customers, and has achieved mass production and shipment.
The newly developed electrolyte composite membrane of Xingyuan Material (300568) has excellent safety performance and electrochemical stability, and is suitable for solid-state and semi-solid-state battery systems. At present, the company has supplied semi-solid battery separators to customers such as FREYR Battery Norway AS.
The net profit of domestic storage leaders in the first quarter increased by 6 times year-on-year, and foreign storage manufacturers said that there was a shortage of supply
According to TrendForce, Western Digital, a major memory chip manufacturer, confirmed for the first time on April 8 that there is a supply shortage of both HDDs and SSDs. The company issued a formal customer letter informing them that price adjustments were underway for NAND flash memory and hard disk drive products. Western Digital said demand for both flash and hard drive products exceeded expectations, leading to tight supply. Pricing adjustments for flash and hard drive products will continue during the quarter, with some adjustments effective immediately. In addition, on the evening of April 9, Demingli released a performance forecast, which is expected to have a net profit of 186 million yuan to 226 million yuan in the first quarter of 2024, an increase of 524.81%-616.17% year-on-year.
Yongxing Securities said that the storage spot market is still resource-oriented, with 512Gb NANDFlash Wafer rising to more than $4, and embedded high-capacity Flash and LPDDR with limited resource supply continue to rise. As downstream demand may continue to improve, the price of memory chips is expected to continue to rise, and the related industrial chain is expected to continue to benefit.
In terms of the company, Demingli (001309) independently developed a variety of storage main control chips, combined with self-developed firmware solutions and mass production tools, to provide customers with storage products in the form of storage modules. At present, the company has established a complete flash storage product matrix, including three product lines: mobile storage, solid-state drive, and embedded storage. The company is one of the few module companies in China that has mastered the technical capabilities of continuous and stable storage wafer procurement resources and main control chip design and firmware development in the field of NANDFlash.
Kangqiang Electronics (002119) main products: semiconductor packaging materials, lead frames and bonding wires are one of the raw materials for the production of memory chips.
Seven departments, including the Ministry of Industry and Information Technology, require to increase the supply of high-performance intelligent computing, and institutions are optimistic about the computing infrastructure industry chain
On April 9, the Ministry of Industry and Information Technology and other seven departments jointly issued the "Implementation Plan for Promoting the Renewal of Equipment in the Industrial Field", which mentioned strengthening the construction of digital infrastructure. Accelerate the large-scale deployment of new network infrastructure such as the industrial Internet, the Internet of Things, 5G, and gigabit optical networks, and encourage the transformation of internal and external networks of industrial enterprises. We will build an integrated system of industrial basic computing resources and application capabilities, accelerate the deployment of industrial edge data centers, build edge computing facilities for specific scenarios, and promote the coordinated development of "cloud-edge-end" computing power. Increase the supply of high-performance intelligent computing, and build intelligent computing centers in computing hub nodes. Encourage large group enterprises and industrial parks to establish industrial Internet platforms with their own characteristics.
With the upgrading of communication protocols, the rapid development of downstream application scenarios and AI, the data transmission rate requirements are getting higher and higher, and the rate of the core layer of the network lags behind the development of the underlying computing infrastructure.
In terms of the company, Zhongji InnoLight (300308) has launched 800G/1.6T silicon photonics high-performance intensity modulation direct inspection and coherent detection optical module solutions for artificial intelligence and data center applications.
Tianfu Communication (300394) has an all-round layout from high-end passive components to high-speed optical engine solutions, and the optical engine products produced by the company are the core optical devices of the CPO program.
200+ new energy storage products will be launched at the 12th Energy Storage International Summit
The 12th Energy Storage International Summit and Exhibition (ESIE2024), hosted by Zhongguancun Energy Storage Industry Technology Alliance, China Energy Research Society, and Institute of Engineering Thermophysics of the Chinese Academy of Sciences, was grandly opened at Beijing Shougang Convention and Exhibition Center from April 10 to 13, 2024. The scale of this ESIE2024 exhibition is unprecedented, with 12 theme pavilions set up, bringing together 500+ first-line brands of energy storage, and 200+ new energy storage products will be launched in the world through the ESIE platform.
In 2023, the domestic installed capacity of energy storage will be 48.70GWh, higher than previously expected, and CITIC Securities expects that the domestic installed capacity is expected to exceed 65GWh in 2024, with a growth rate of more than 30%. Since 2023, the evolution of a number of policy elements has promoted the diversification of energy storage business models, the diversification of demand scenarios and the growth of regulated resource demand have promoted the development of various forms of energy storage, and the decline in power battery prices has also made energy storage economics possible.
Among the listed companies, Yongfu Co., Ltd. (300712) can provide customers with advanced energy storage system integration solutions and digital services for the whole process from construction to operation, and CATL is an 8% shareholder of the company.
Nandu Power (300068) has PCS self-research capabilities, liquid cooling technology is currently mainly used in liquid-cooled energy storage systems, and the company's energy storage battery products have applied solid-state electrolyte technology and have achieved mass production.
Tin prices continue to rise sharply, and related companies are expected to benefit
Since the beginning of this week, tin prices have continued to rise sharply, on April 10, the main Shanghai tin futures May contract rose 5.84% to 252,410 yuan/ton, up more than 10% on the 3rd; The price of tin concentrate rose 3.74% to 235,800 yuan/ton. In the international market, LME tin reappeared in the forced position market, rising sharply for 3 consecutive days, and LME tin rose 3.29% to 32,185 US dollars / ton on the 10th.
Myanmar's tin ore exported to the mainland accounts for about 70% of the domestic and overseas tin ore supply, Myanmar's tin ore resources are mainly concentrated in the Manxiang mining area, and there is still no news about the resumption of production in the Manxiang mining area, and the follow-up resumption time is still unclear. On the demand side, tin solder is the main tin consumption area, and semiconductors and photovoltaics are the main demand points. Since November 2023, the year-on-year growth rate of global semiconductor sales has turned from negative to positive, and semiconductor demand is expected to usher in a moderate recovery under the Fed's interest rate cut cycle.
According to TrendForce, AI server shipments will reach about 2.37 million units by 2026, accounting for about 15%, with a compound annual growth rate of 25%. With the growth of demand for AI servers, the important components of servers include tin used in solder joints such as computing chips, PCB boards, and servers, and the advanced manufacturing process of AI chips uses a larger amount of tin. It is expected that the installed photovoltaic capacity will maintain double-digit growth throughout the year, and the proportion of photovoltaic solder will further increase. Analysts expect that the increase in refined tin production in 2024 will be significantly lower than the increase of 10,000 tons at the mine end, and the annual growth rate of refined tin supply will only be 1.3%, which is expected to be poor. The electronics industry continues to recover month-on-month, photovoltaic and AI continue to drive demand, tin will be quickly destocked, and tin prices are expected to rise in the medium and long term.
In A-shares, you can pay attention to Huaxi Nonferrous Metals (600301), Industrial Silver Tin (000426), etc.
Domestic molybdenum prices ushered in a rapid rise under the pattern of stable supply and strong demand, and molybdenum prices continued to improve
According to Baichuan Yingfu, domestic molybdenum prices have risen rapidly in the past two days. Following the previous day's increase of 7,500 yuan/base ton, on April 10, the price of ferro-molybdenum continued to rise rapidly, and the cash quotation was 214,000-218,000 yuan/base ton, an increase of 4,000 yuan/base ton, with a cumulative increase of nearly 6% in two days. In terms of molybdenum concentrate, the cash of 45-50 degrees molybdenum concentrate was reported at 3250-3280 yuan/ton, and the cumulative increase in the past two days was 130 yuan/ton, an increase of nearly 5%. With the rapid rebound of the molybdenum market, the tender price has risen to 212,000-214,000 yuan/base ton.
According to the analysis, mine shipments led the rally, the price of ferro-molybdenum was continuously raised, and the enthusiasm of the industry to enter the market increased. Manufacturers have a strong willingness to raise prices, and the situation of low-price supply in the market is difficult to find. The downstream demand side continues to maintain a stable state, providing a foundation for the upstream supply side to rise, and molybdenum prices are expected to maintain the upward trend in the short term. In the long run, due to the continuous decline in the grade of overseas stock mines, the impact on molybdenum supply will gradually appear, and it is expected that the increase in molybdenum supply will be limited in the future. From the demand side, in the context of the transformation of the manufacturing industry, the increase in demand in special steel and other fields will be good for the demand side of molybdenum. The structure of stable supply and strong demand will form a support for the molybdenum price center, and the price of molybdenum is expected to rise steadily in the future.
You can pay attention to companies such as Jixiang shares (603399) and gold molybdenum shares (601958).
The world's first new Huawei "Wind-Liquid Intelligent Cooling" industrial and commercial energy storage product was released
According to reports, on April 10, Huawei Digital Power held a new flagship industrial and commercial energy storage product launch conference in Beijing, where industry experts, scholars, and business representatives gathered to witness the release of the world's first new wind-liquid intelligent cooling industrial and commercial energy storage product. The new product has made breakthrough innovations in the three major architectures of safety, thermal management, and power supply, and has carried out full-scenario and full-life cycle application innovation in order to flexibly adapt to industrial and commercial scenarios.
In the context of the implementation of the "double carbon" goal, the new energy industry has developed rapidly. The development of industrial and commercial energy storage can allocate backup power supply for enterprises to ensure stable production, secondly, based on the electricity price policy, it can reduce costs and increase efficiency, and thirdly, through the implementation of energy storage, contribute to the "double carbon". The "2023 China Industrial and Commercial Energy Storage Development White Paper" predicts that by 2025, the cumulative installed capacity of global industrial and commercial energy storage will reach 11.5GW, and the cumulative global industrial and commercial energy storage market size will be between 19 billion yuan and 24 billion yuan.
A-share related concept stocks mainly include Huazi Technology (300490), East (300376), etc
The market demand for high-end machine tools has skyrocketed, and domestic machine tools are selling well overseas
According to CCTV, since the beginning of this year, orders from industrial machine tool companies have soared, especially the market demand for medium and high-end machine tools. With the increasing maturity of the domestic machine tool industry chain, the localization of high-end CNC machine tools has accelerated significantly. Machine tool companies have seized market opportunities and accelerated the layout of overseas markets, such as Southeast Asia, Europe and other regions. According to the data, the export value of machine tools from January to February 2024 was 3.38 billion US dollars, a year-on-year increase of 14.0%.
Industrial machine tools are widely used in traditional machinery industry, mold industry, automobile industry, power equipment, railway locomotive, shipbuilding, aerospace industry and other fields, and play a major role in the modernization of the national economy. The output value of machine tools in mainland China ranks first in the world. In recent years, driven by manufacturing upgrading, independent controllability and policy design, the industry has ushered in high-end breakthrough opportunities, and the key lies in the supporting links of the industrial chain represented by core components and high-end products represented by five-axis linkage machine tools and precision grinding machines.
A-share related concept stocks mainly include Neway CNC (688697), Yuhuan CNC (002903) and so on.
Open up the closed loop of the business ecology and make the first release of pure vision autonomous driving without pictures
According to reports, GAC Group will debut pure vision autonomous driving without pictures on April 12. Recently, GAC An has jointly funded and registered Andi Technology with Didi. The two companies officially announced that they will launch mass-produced L4 robotaxis in 2025. According to GAC Aion, the two parties will build a crossover SUV model, of which the autonomous driving solution will be provided by Didi, and GAC Aion will be mainly responsible for the vehicle platform and electronic and electrical architecture;
A-share related concept stocks mainly include Kotei Information (301221), Jiadu Technology (600728), etc.
Significant winning bids
NavInfo: Won the bid for UAV application technology service project
NavInfo (002405) announced that the company received the "Notice of Winning the Bid" from Tianjin Dagang Oilfield Engineering Consulting Co., Ltd., and the company won the bid for the 2024-2025 UAV application technical service project of Oriental Geophysical Exploration Changqing Geophysical Exploration Branch. The winning bid amount is expected to be 14.3 million yuan.
Julun Intelligence: From February 1 to April 10, it signed sales contracts with 5 tire manufacturers totaling about 528 million yuan for hydraulic vulcanizers
Julun Intelligent (002031) announced on the evening of April 10 that from February 1 to April 10, 2024, the company and its wholly-owned subsidiary, Julun (Guangzhou) Robot and Intelligent Manufacturing Co., Ltd., signed sales contracts for hydraulic vulcanizers with 5 tire manufacturers, with a total contract amount of about 528 million yuan. If the above contracts are properly performed, it is expected to have a positive impact on the company's 2024-2025 annual results.
Shareholders increase or decrease their holdings
Sailun Tire: Macrolink Holdings plans to reduce its stake in the company by no more than 1%.
Sailun Tire (601058) announced that the reorganization plan of Macrolink Holdings has been approved by the Beijing No. 1 Intermediate People's Court, and the company's shares held by it belong to the debt repayment resources of the reorganization, and according to the reorganization plan, it intends to dispose of some of the company's shares by centralized bidding. According to the reorganization plan, Macrolink Holdings intends to reduce its holdings of no more than 32.881 million shares of the company by centralized bidding within 3 months after 15 trading days from the date of disclosure of the announcement, no more than 1% of the company's total share capital.
Cambridge Technology: Shareholders plan to reduce their holdings of no more than 1.11% of the company's shares
Cambridge Technology (603083) announced on the evening of April 10 that Shanghai Kangyiqiao Investment Consulting Partnership (Limited Partnership) (hereinafter referred to as "Kangyiqiao"), a shareholder of 1.1335%, intends to reduce the number of shares of the company through block trading and centralized bidding transactions, with a total of no more than 2,975,200 shares (accounting for 1.1097% of the company's total shares).
Fangyuan shares: Minmetals Yuanding plans to reduce its holdings of no more than 1% of the company's shares
Fangyuan shares (688148) announced on the evening of April 10 that the company's shareholder Minmetals Yuanding Equity Investment Fund (Ningbo) Partnership (Limited Partnership) (hereinafter referred to as "Minmetals Yuanding"), which holds 8.41% of the company's shares, intends to reduce its holdings of the company's shares by centralized bidding or block trading by a total of no more than 5,101,700 shares (no more than 1% of the company's total share capital).
Kyodo Pharmaceutical: The two shareholders plan to reduce their holdings of 2.08% of the company's shares in total
Kyodo Pharmaceutical (300966) announced on the evening of April 10 that Li Minglei, director and deputy general manager of the company, holds 15.371 million shares of the company, accounting for 13.33% of the company's total share capital, and intends to reduce the company's shares by centralized bidding or block trading by no more than 2 million shares, accounting for 1.73% of the company's total share capital, and Jiang Jianjun, the company's supervisor, holds 1.5915 million shares of the company, accounting for 1.38% of the company's total share capital It is planned to reduce the company's shares by centralized bidding or block trading not more than about 397,900 shares, accounting for 0.35% of the company's total share capital.
Rheinland Sports: The shareholder Rheinland Group and its persons acting in concert intend to reduce their holdings of no more than 0.45% of the company's shares
Rheinland Sports (000558) announced on the evening of April 10 that Rheinland Group and Gao Jingna, who acted in concert, held a total of about 115 million shares of the company, accounting for 8.95% of the company's total share capital, and planned to reduce their holdings by centralized bidding or block trading with a total of no more than 5.86 million shares (that is, no more than 0.45% of the company's total share capital).
Important Announcements
5. CLP Motor: There may be a risk of irrational speculation in the company's shares in the near future
China Electric Motor (603988) disclosed the stock trading risk warning announcement, saying that the company's stock trading price has risen significantly recently, the turnover rate is high, and there may be irrational speculation risks. As of the date of submission of the announcement, the company and its controlling shareholders have no material matters that should be disclosed by listed companies but have not been disclosed.
2. Dali Pharmaceutical: There is no material information that should be disclosed but has not been disclosed
Dali Pharmaceutical (603963) disclosed that after the company's self-inspection, the company's current production and operation activities are normal, and there has been no major change in the daily operation. As of the disclosure date of the announcement, the company, the controlling shareholder and the actual controller have no material information that should be disclosed but has not been disclosed. According to relevant regulations, after the disclosure of the company's 2023 annual report, the company's shares may be subject to a delisting risk warning by the Shanghai Stock Exchange (the word "*ST" is preceded by the company's stock abbreviation), please pay attention to the investment risks.
Jiebang Technology: Carbon nanotube products used in solid-state batteries are still in the laboratory preparation stage and have not yet contributed revenue
Jiebang Technology (301326) issued an announcement on abnormal fluctuations in stock trading, and the company paid attention to the hot concepts involved in the discussion of the company's business in some media and the remarks of a small number of investors spreading short-term speculation about the company's stock price. On April 3, 2024, the company replied to investors' questions on Interactive Easy, mentioning that the company can customize and develop carbon nanotube products for solid-state batteries according to customer needs. Up to now, the company's above-mentioned products are still in the laboratory preparation stage and have not yet contributed revenue. In terms of effect expectations, there is a risk that the effect will not meet expectations or R&D failure, and there is uncertainty about whether it can be recognized by customers in the future, and there is uncertainty about the future economic benefits and impact on the company's performance.
Zhongchuang Co., Ltd.: The subsidiary's application for qualification related to the integration of confidential information system is in the stage of acceptance and review
Zhongchuang Co., Ltd. (688695) announced that the company officially received the "Notice of Cancellation of Confidential Information System Integration Qualification" issued by the State Secrets Bureau on April 9, and agreed to cancel the company's Grade A qualification for confidential information system integration. Xin'an Company, a wholly-owned subsidiary of the Company, has submitted an application for the relevant qualifications for the integration of classified information systems to the State Secrets Bureau of Shandong Province in accordance with the qualification stripping procedure, and is currently in the stage of acceptance and review. The company will carry out the qualification stripping work in strict accordance with the relevant regulations. The divestiture will not have a significant impact on the company's operations.
Tongfeng Electronics: The controlling shareholder transferred 20.44% of the company's shares free of charge
Tongfeng Electronics (600237) announced that Anhui West Lake Investment Holding Group Co., Ltd., the controlling shareholder of the company's controlling shareholder, Dajiang Investment, made a shareholder decision on April 8, 2024, agreeing to transfer 20.44% of the equity of Tongfeng Electronics held by Dajiang Investment to Tongling Zhongxu Construction Investment Co., Ltd. (hereinafter referred to as "Zhongxu Construction"), a wholly-owned subsidiary of Dajiang Investment, free of charge, and the transfer base date is December 31, 2023. The implementation of the free transfer of state-owned equity will change the controlling shareholder of the company from Dajiang Investment to Zhongxu Construction, a wholly-owned subsidiary of Dajiang Investment, and the control of the company will not change.
Chuangli Group: plans to acquire 51% of the shares of Shenchuan Electric
Chuangli Group (603012) announced that the company intends to acquire 51% of the shares of Shanghai Shenchuan Electric Co., Ltd. (hereinafter referred to as "Shenchuan Electric") in cash, and after the completion of the transaction, the company will become the controlling shareholder of Shenchuan Electric. The transaction is still in the planning stage, and the final cash payment method and transaction price are subject to further negotiation between the parties. Shenchuan Electric's main products include mining explosion-proof battery monorail crane locomotives, mining explosion-proof battery electric locomotives and mine intelligent systems, etc., this transaction will help enrich the company's intelligent coal mining machinery and equipment product line, expand the company's business to extend to the field of mining intelligent auxiliary transportation.
North shares: The chairman resigned due to retirement at the end of the year
North shares (600262) announced on April 10 that the company's board of directors recently received a written resignation report from the company's chairman Li Jun. Due to his retirement, Li Jun resigned as the chairman of the board of directors (legal representative), director, chairman of the strategy and investment committee of the board of directors, and member of the nomination committee of the board of directors, and Li Jun did not hold any position in the company after his resignation.
Tieling New Town: The company's stock trading will be subject to delisting risk warning
Tieling New Town (000809) announced on the evening of April 10 that after the revision of the 2023 annual performance forecast, the company expects that the net profit after deducting non-recurring gains and losses in 2023 will be negative and the operating income after deduction will be less than 100 million yuan.
Xinyu people: The company's bid-winning project has nothing to do with the Tailan new energy project rumored in the market
Xinyuren (688573) disclosed on the evening of April 10 that the company is mainly engaged in the research and development, production and sales of high-end equipment for intelligent manufacturing with lithium-ion battery drying equipment and coating equipment as the core, and the company's products are mainly used in the field of lithium-ion batteries. On February 23, 2024, the company announced that it won the bid for the first bid of Anhui Xinqiao Investment and Development Co., Ltd.'s "50GWh lithium battery industrial base (new energy battery standardization plant) Phase I equipment procurement and installation project" of 440 million yuan, which is used to produce cylindrical batteries. The project has nothing to do with the Tailan New Energy project rumored in the market. Please pay attention to the risks of secondary market transactions and invest rationally.
Hager Communications: A breakthrough has been made in the "direct connection of automobiles to satellites" business
Higer Communications said on the interactive platform on April 10 that the company is a mainstream manufacturer and advantageous enterprise with a full range of satellite (including Tiantong) terminals and chips in China, and is one of the main suppliers of satellite communication ground terminals in the special institutional market. In the field of civil satellite communication applications, the company seizes the opportunity of the popular application of satellite communication, and has become one of the key component suppliers of mobile phone terminals that support the function of "mobile phone direct connection to satellite", and has established good cooperative relations with a number of mainstream mobile phone manufacturers, with a good momentum of development; The satellite Internet terminal product has become the first batch of main equipment for institutional users to try, and the company has obtained the qualification for the development of the core technology system, and the company has officially entered the ranks of the manufacturers of the waveform system.
Shanghai Belling: The company's ability to provide supporting chips on charging piles is gradually reflected in the company's revenue growth
Shanghai Belling said at the performance briefing on April 10 that at present, the company can provide supporting chips on charging piles, including power devices, interfaces, energy efficiency monitoring and other series of chips, which have been introduced by customers and gradually reflected in the company's revenue growth.
Shuangxiang Co., Ltd.: The subsidiary's annual output of 300,000 tons of PMMA, MS and 40,000 tons of special esters project trial production
Shuangxiang Co., Ltd. (002395) announced on the evening of April 10 that the "annual output of 300,000 tons of PMMA, MS and 40,000 tons of special ester project implemented by Chongqing Shuangxiang Optical Materials Co., Ltd., a wholly-owned subsidiary, has completed the main construction and equipment installation of the project. The commissioning work, the trial production plan and the safety production conditions have recently been reviewed and approved by the expert group, and on April 9, 2024, the "Sewage Discharge Permit" issued by the Chongqing Changshou District Ecological Environment Bureau was obtained. The commissioning of the project will further improve the market share of the company's optical-grade PMMA materials and consolidate the company's domestic leading position in the optical-grade PMMA material industry, and secondly, realize the industrialization of MS products, which can replace imports to meet the needs of the domestic market. The commissioning of the project will have a positive impact on the company's future operating performance and development.
Zhongying Electronics: AMOLED display driver chips are currently being promoted for mobile phone brands and have been introduced into product verification
Zhongying Electronics said in an institutional survey on April 9 that AMOLED display driver chips are currently being promoted for mobile phone brands, and mobile phone brands have high demands for us and have been introduced for product verification. The market is large. At present, the target brand customers are mainly concentrated in the national model. AMOLED's gross margin is expected to improve year-over-year this year. In addition, the automotive-grade products have been successfully taped out, passed the AECQ100 certification, and have sales sales. The import verification period is long. It is mainly used for body control, such as fan heat fan, window control, etc.
Zijiang Enterprise: The cooperation between the subsidiary and customers in the field of solid-state batteries is still in the stage of product sample testing
Zijiang Enterprise (600210) disclosed the announcement of stock trading changes on the evening of April 10, the company is concerned that the concept of solid-state and semi-solid-state batteries has received high market attention recently, and the company's holding subsidiary Shanghai Zijiang New Material Technology Co., Ltd.'s main product is lithium battery aluminum-plastic film, and the cooperation with customers in the field of solid-state and semi-solid-state batteries is still in the stage of product sample testing and optimization, and has not yet formed large-scale sales, and the business income in this field accounts for a very small proportion of the company's main revenue, which has a limited impact on the company's short-term performance. The company takes the packaging business as the core, and its main products are PET bottles and preforms, crown caps, plastic anti-theft caps, labels, aluminized paper and cardboard, color paper packaging printing, film and other packaging materials, as well as beverage OEM and other products.
Meilian New Materials: The research and development project of sodium ion cathode materials of Huana, a shareholding company, has made significant progress
Meilian said on the interactive platform on April 10 that the research and development project of sodium ion cathode materials of the joint-stock company Huana New Materials has made significant progress, and the polyanionic products produced by it have excellent performance indicators in all aspects, with a capacity of 0.1C grams up to 120mAh/g and a compaction density of 2.2m3/g. The thermal stability surpasses that of lithium iron phosphate, with the characteristics of ultra-long cycle times, and is expected to reach 10,000 cycle life, and its 1,000-ton production line has been completed and put into operation, and is transitioning to 10,000-ton level. The company has no direct business dealings with it for the time being.
Seven consecutive board Laishen Tongling: The current stock price increase does not match the company's performance
Qilianban Laishen Tongling (603900) disclosed on the evening of April 10 that the stock trading was seriously abnormal, and the announcement said that the current stock price increase does not match the company's performance. The company has announced the 2023 annual results, and it is expected that the company will suffer a loss in 2023, and the net profit attributable to the owners of the parent company will be about -76.17 million yuan. The company began to expand the retail business of gold products in August 2023, and it is expected to account for 10.84% of the company's total revenue in 2023. As of April 10, 2024, Kefu Rongguang plans to reduce its holdings by no more than 3,451,200 shares (accounting for 1.00% of the company's total share capital), and the shareholding reduction plan has not yet been implemented.