China Securities Regulatory Commission: The number of companies that will be delisted by the Shanghai and Shenzhen stock exchanges next year is expected to be about 30
According to the China Securities Regulatory Commission, according to estimates, the number of companies that will be delisted by the Shanghai and Shenzhen stock exchanges next year is expected to be about 30, and about 100 companies may touch the index and implement delisting risk warnings next year, and these companies still have more than a year and a half to improve their operations and improve quality, and they will still not meet the standards before they will be delisted by the end of 2025. In terms of market capitalization indicators, only 4 main board companies in Shanghai and Shenzhen currently have a market value of less than 500 million yuan, and there are no companies on the Science and Technology Innovation Board and ChiNext that are close to 300 million yuan in market value delisting.
Securities Regulatory Commission: If the company is ST only because the dividend does not meet the standard, it will not lead to delisting
Guo Ruiming, director of the Department of Supervision of Listed Companies of the China Securities Regulatory Commission, said that the implementation of other risk warnings (ST) if the dividends do not meet the standards is mainly aimed at improving the stability and predictability of dividends of listed companies, focusing on companies that have the ability to pay dividends but do not pay dividends for a long time or have a low dividend ratio. It should be pointed out that ST is not a delisting risk alert (*ST), but is mainly intended to remind investors to pay attention to the company's risks. If a company is ST for this reason alone, it will not lead to delisting, and it can apply for revocation of ST after certain conditions are met. ST is implemented for profitable companies, i.e. companies with positive net profit for the most recent fiscal year and positive undistributed profit at the end of the parent company's reporting year. In terms of judging the implementation conditions, ST will only be implemented if the cumulative dividend ratio of the last three years (the total cumulative cash dividend of the last three fiscal years is less than 30% of the average annual net profit of the last three fiscal years) and the dividend amount (the cumulative dividend amount of the last three fiscal years for the main board is less than 50 million yuan, and the cumulative dividend amount of the Science and Technology Innovation Board and the Growth Enterprise Market is 30 million yuan) do not meet the requirements. The conditions set by the rules fully take into account the characteristics of the large R&D investment of enterprises on the Science and Technology Innovation Board and the Growth Enterprise Market, and some enterprises are still in the early stage of industry development. For enterprises with high R&D intensity (cumulative R&D investment in the last three fiscal years accounting for more than 15% of cumulative operating income) or large R&D investment (more than 300 million yuan in three years), even if the dividends do not meet the above conditions, ST will not be implemented. Based on the 2020-2022 data, the number of companies in Shanghai and Shenzhen that may touch this standard is only more than 80.
Bureau of Statistics: GDP increased by 5.3% year-on-year in the first quarter
According to preliminary calculations, the GDP in the first quarter was 296299 billion yuan, a year-on-year increase of 5.3 percent at constant prices, and a quarter-on-quarter increase of 1.6 percent over the fourth quarter of last year. By industry, the added value of the primary industry was 1,153.8 billion yuan, up by 3.3 percent year-on-year, the added value of the secondary industry was 109846 billion yuan, up by 6.0 percent, and the added value of the tertiary industry was 174915 billion yuan, up by 5.0 percent.
Small-cap stocks hurt by mistake The new rules are not aimed at small-cap stocks
On April 12, the new "National Nine Articles" and the delisting opinions of the China Securities Regulatory Commission were promulgated, and the exchange revised the stock listing rules accordingly, of which delisting is the focus of this reform. The revision of the delisting rules focuses on improving the overall quality of existing listed companies, accurately identifying risky companies with bad track records and poor performance, emphasizing the reduction of the value of "shell" resources, and strictly cracking down on violations of laws and regulations behind "shell speculation", rather than targeting small-cap stocks. The new delisting rules set specific indicators for each delisting situation, and the scope of the clearance is clear and unambiguous, and it is a misreading to mistakenly believe that all "small-cap stocks" will be affected.
Three ministries and commissions: deepen financial services for the manufacturing industry and help promote new industrialization
The three ministries and commissions issued a notice on deepening financial services for the manufacturing industry and helping to promote new industrialization. The notice mentioned that it is necessary to deeply understand the strategic positioning and importance of promoting new industrialization, put financial support for the high-quality development of the manufacturing industry in a more prominent position, take deepening the structural reform of the financial supply side as the main line, improve the financial policy system and market system of the manufacturing industry, promote the coordinated efforts of banking and insurance institutions, focus on the key tasks of promoting new industrialization, continue to increase financial support, optimize the financial service model, enhance the ability of financial specialization, and promote the development of financial support for the manufacturing industry to achieve effective qualitative improvement and reasonable growth in quantity。
The first batch of 17 units was stationed! The third round of inspections of the 20 th CPC Central Committee began to be stationed
According to the unified deployment of the Party Central Committee on inspection work, the 15 inspection teams of the third round of inspections of the 20th Central Committee have begun to station in the inspected units. At present, the central inspection team has been stationed in 17 units and announced the contact information. It is understood that the central inspection team will work for about three months in the inspected party organization.
The central inspection team is stationed in the central bank and the China Securities Regulatory Commission
According to the unified deployment of the Party Central Committee on the inspection work, recently, the mobilization meeting of the Party Committee of the Eighth Central Inspection Group to inspect the Party Committee of the China Securities Regulatory Commission was held. Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over the meeting and delivered a speech. Wu Qing said that it is necessary to resolutely implement the main responsibilities and main business of supervision, promote the comprehensive and strict governance of the party in the China Securities Regulatory Commission system, better promote the high-quality development of the capital market on the basis of strong supervision and risk prevention, and support the "two establishments" and "two maintenances" with practical actions.
Residential transactions rose in 70 cities in March, and the number of cities where new home prices rose
In March 2024, the transaction volume of newly built commercial housing and second-hand housing in 70 large and medium-sized cities increased compared with the previous period, and the month-on-month decline in the sales price of commercial housing in all tiers of cities narrowed slightly and expanded year-on-year. In March, the sales prices of newly built commercial residential buildings in first-tier cities decreased by 0.1% month-on-month, a decrease of 0.2 percentage points from the previous month, the sales prices of second-hand residential buildings in first-tier cities decreased by 0.7% month-on-month, a decrease of 0.1 percentage points from the previous month, the sales prices of newly built commercial residential buildings in first-tier cities decreased by 1.5% year-on-year, a decrease of 0.5 percentage points from the previous month, and the sales prices of second-hand residential buildings in first-tier cities decreased by 7.3% year-on-year, an increase of 1.0 percentage points from the previous month.
Domestic oil prices rose tonight Domestic gasoline and diesel prices increased by 200 yuan and 195 yuan per ton respectively
Since 24 o'clock on April 16, the domestic gasoline price has been raised by 200 yuan/ton, and the diesel price has been raised by 195 yuan/ton. Equivalent to the price increase, No. 92 gasoline and No. 0 diesel were both increased by 0.16 yuan, and No. 95 gasoline was increased by 0.17 yuan. Based on the calculation of a small private car with a fuel tank capacity of 50 liters, car owners will spend about 8 yuan more to fill up a tank of gasoline.
Six departments including the National Health Insurance Bureau: Carry out special rectification work on violations of laws and regulations in the medical insurance fund
Notice of the six departments on carrying out special rectification work on violations of laws and regulations in the medical insurance fund. Adhere to the problem orientation and highlight the key points of rectification. The first is to focus on fraud and insurance fraud such as false diagnosis and treatment, false drug purchase, and resale of medical insurance drugs, and carry out severe crackdowns. The second is to focus on the key drug consumables with large amounts of medical insurance funds and abnormal changes, dynamically monitor the use of funds, and focus on investigating and punishing fraud and insurance fraud. The third is to focus on key areas such as orthopedics, hemodialysis, cardiology, examination, testing, rehabilitation and physiotherapy, and comprehensively carry out self-examination and self-correction.
The Ministry of Industry and Information Technology (MIIT) released a catalogue of new energy vehicle models that are exempt from vehicle purchase tax, including Xiaomi SU7 and Zhijie S7
The Ministry of Industry and Information Technology (MIIT) released the "Catalogue of New Energy Vehicle Models for Vehicle Purchase Tax Reduction" (the fourth batch), and Xiaomi SU7, BYD Seal, Zhijie S7, etc. are listed.
Shanghai Futures Exchange: Adjust the margin ratio and price limit of gold, silver, copper and aluminum futures trading
The margin ratio and price limit of gold, silver, copper and aluminum futures adjusted in the previous period. Starting from the close of trading on Wednesday, April 17, 2024, the price limit of copper and aluminum futures contracts will be adjusted to 7%, the margin ratio for hedging transactions will be adjusted to 8%, and the margin ratio for speculative transactions will be adjusted to 9%. The price limit of gold and silver futures contracts is adjusted to 8%, the margin ratio for hedging transactions is adjusted to 9%, and the margin ratio for speculative transactions is adjusted to 10%.
Non-U.S. currencies suffered significant setbacks, and the offshore yuan fell more than 200 points in the short term
Under the new ferocious offensive of the U.S. dollar index, non-U.S. currencies fell. In early trading on April 16, the offshore yuan fell more than 200 points against the US dollar, briefly falling below the 7.28 mark, the South Korean won plunged nearly 1% against the US dollar intraday, once falling below 1400, for the first time since November 7, 2022, and the yen fell below the 154 mark against the US dollar on April 15, hitting a new low since 1990. The industry believes that the latest U.S. inflation data is higher than market expectations, which further delays the market's bets on the Fed's interest rate cut. At the same time, international geopolitical factors have boosted investors' safe-haven demand, which has provided strong support to the dollar.
Regarding the latest news about Huawei Pura70, Yu Chengdong: There will be good news in two days
Yu Chengdong, Executive Director of Huawei and CEO of Device BG, said, "The Pura70 can be regarded as a P70, and there will be good news in two days. As the release time approaches, some offline authorized stores in Guangzhou and Shenzhen have opened "blind box reservations". A Huawei dealer in Guangdong said that it had completed the preparation and payment on the 15th, but did not receive a notice from Huawei about the specific distribution time of offline stores.
Are listed companies on the Beijing Stock Exchange equivalent to "small and micro disks"?
Recently, the discussion of small and micro cap stocks has spread to the Beijing Stock Exchange. Liu Jing, chief of Shenwan Hongyuan Beijing Stock Exchange, made it clear that all listed companies on the Beijing Stock Exchange cannot simply be classified as "small and micro caps" and "thematic investment". First, the new "National Nine Articles" clearly put forward "adhere to the dislocation development of the main board, the science and technology innovation board, the growth enterprise board and the Beijing Stock Exchange"; second, from the perspective of fundamentals and valuation, the listed companies on the Beijing Stock Exchange have performance support; third, as a new market, the improvement of the ecology of the Beijing Stock Exchange will bring about a significant increase in the company's valuation; fourth, the Beijing Stock Exchange 50 Index is currently adjusted to a historical low in the past three years, and there is great potential for upward repair.
Or it may be a subversive entry point for the AI application layer, and relevant manufacturers have increased the application and promotion of AI technology
According to the latest report from Canalys, global smartphone shipments in the first quarter of 2024 increased by 11% year-on-year as the global macro economy recovers and consumer demand picks up. Driven by Galaxy AI, Samsung returned to the top with a 20% market share.
Since the beginning of this year, mobile phone manufacturers have increased the research and development and application promotion of AI technology. Manufacturers from OPPO, Meizu to realme have announced that they will fully invest in the field of AI and plan to launch more valuable AI applications. The industry defines 2024 as the "first year of AI mobile phones", and it is expected that generative AI will be widely used in mobile phones in the future. According to the "2024 AI Mobile Phone White Paper" released by OPPO, the global shipment of a new generation of AI mobile phones will reach 170 million units in 2024. Guotai Junan's report pointed out that AI mobile phones may become a subversive entry point for the application layer in the AI industrial revolution. From the perspective of terminal applications, mobile phones are popular and accompanied, and the application scenarios are more sinking, which is expected to surpass AI PCs and become the core entrance of terminal AI. From the perspective of the industrial chain, mobile phone manufacturers enjoy volume, price, and profit dividends, large model manufacturers accelerate their commercial realization, and hardware manufacturers benefit from product iteration and supply and demand patterns.
Among the listed companies, ZTE (000063) In terms of product strategy and rhythm, in April 2024, the company released a number of new Nubia AI mobile phones, supporting AI imaging, AI intelligent voice, AI intelligent translation, etc., and in the middle of the year, the company will also release the first AI flagship mobile phone.
Pengding Holdings (002938) has the technical reserves and production capacity of PCB products used in AI-related fields such as AIPC, AI mobile phones and AI servers.
The price of the route rose by nearly two percent, and a number of shipping companies announced an increase in the price of container transportation
According to the latest data released by the Shanghai Aviation Exchange on April 12, the Shanghai Export Container Freight Index (SCFI) index rose 11.61 points to 1757.04 points last week, a weekly increase of 0.66%, rising for two consecutive weeks. The freight rate trend from the Far East to South America is the strongest, with the freight rate per FEU of the Persian Gulf (Dubai) of the Middle East line rising by $157 to $2,051, a weekly increase of 8.30%, and the freight rate per FEU of the South American route (Santos) rising by $545 to $3,627, a weekly increase of 17.68%.
Recently, a number of shipping companies have announced increases in freight rates and surcharges. Huatai Securities believes that since the beginning of the year, affected by the Red Sea incident, the global supply chain has once again faced disruptions, and freight rates have stopped falling and rebounded, which is expected to boost 24-year profits. Lin Shan of Huatai Securities expects that the performance of dry bulk/container transportation stocks in the first quarter of 2024 is expected to achieve year-on-year growth, the performance of oil transportation stocks usually lags behind the spot freight rate by 1-1.5 months, so the profit in the first quarter of 2024 will increase year-on-year or growth, and port stocks are expected to achieve a good year-on-year growth rate.
Among the listed companies, COSCO SHIPPING Energy (600026) has the largest tanker capacity in the world, covering the world's mainstream tanker types, and is the world's most complete tanker owner.
Jin Jiang Shipping (601083) is a comprehensive shipping company, mainly engaged in international and domestic maritime container transportation business, and has been deeply engaged in Northeast Asia, Southeast Asia and domestic routes for many years.
COSCO SHIPPING Holdings (601919) is the world's leading integrated container shipping service provider. The company mainly operates international and domestic container transportation services and related businesses through its wholly-owned subsidiary, COSCO SHIPPING Lines, and its indirect holding subsidiary, Orient Overseas International.
New ideas lead a new journey, and the formation of a comprehensive three-dimensional transportation network in the mainland is accelerating
Building a safe, convenient, efficient, green, economical, inclusive, and resilient sustainable transportation system is an important measure to support the high-quality development of the economy and society, and realize the vision of "people enjoy their travel and goods flow smoothly". At present, the mainland is speeding up the construction of a comprehensive three-dimensional transportation network to provide a solid guarantee for high-quality economic development and Chinese-style modernization.
Since 2019, the "Outline for the Construction of a Transportation Power" and the "National Comprehensive Three-dimensional Transportation Network Planning Outline" have been issued successively, marking that the construction of a transportation power has risen to the national strategic level. Lv Juan of China Securities Securities believes that railway investment and urban rail investment are still one of the important grasps of the bottom economy, and the "Belt and Road" is expected to expand the capacity of the industry for rail transit equipment.
Among the listed companies, Golden Eagle Heavy Industries (301048) is deeply engaged in the railway aftermarket and is not afraid of the adjustment of the growth rate of new investment. The stock of large-scale road maintenance machinery has been updated + overhauled, the industry demand has grown steadily, and the company's own net profit margin has increased steadily.
Traffic Control Technology (688015) is deeply engaged in the field of urban rail signaling system, and its technological innovation is at the forefront of the industry, and the application of FAO technology and engineering has become the mainstream of the market.
Two new ships were delivered in a week, and China Shipbuilding Hudong-Zhonghua ushered in a spring shipbuilding boom
On April 15, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of China State Shipbuilding Corporation Co., Ltd., and China Shipbuilding Industry Trading Co., Ltd., jointly built the third 15,500TEU large container ship "First Prospect" for SEASPAN of Canada, which was completed and delivered at CSSC Changxing Shipbuilding Base 1.5 months ahead of the contract period, marking the successful conclusion of the series of ships with high efficiency and high quality. The First Prospect is the company's second large container ship to be delivered within a week, following the delivery of the 13,000 TEU liquefied natural gas (LNG) dual-fuel powered large container ship "CMACGMPARATY" on April 9.
According to data from the China Shipbuilding Industry Association, 25.89 million revised gross tons of new ship orders will be signed in 2023, accounting for about 60% of the global total. Guo Qianqian of SDIC Securities believes that the explicit drive of this round of ship cycle is mainly the Jugra cycle accelerated by "green power", and it is currently in the early stage of the cycle of "volume and price rise", and it is optimistic that the head shipping enterprises will cash in the "dividend trio" in 2024, that is, capacity dividends, price dividends, and profit dividends.
Among the listed companies, China Heavy Industry (601989) is a listed company under China Shipbuilding, which is mainly engaged in five business segments: marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and mechanical and electrical equipment, strategic emerging industries and others.
Kunzhou Shipbuilding Intelligent (301311) is a listed company of China Shipbuilding, mainly engaged in intelligent logistics systems and equipment, intelligent production line systems and equipment, operation and maintenance and spare parts, special products and related services.
CCTV uses AI to broadcast news, and the implementation process of AIGC application may be accelerated
According to media reports, CCTV has used AI to broadcast news. In several recent CCTV news videos, the words "AI creation" are marked in the upper right corner. On March 29, CCTV's "Evening News" used AI-generated videos to describe the background information of migratory birds, and on April 3, CCTV's "News Live Room" also used AI-generated videos to explain "severe convective weather" and remind them of how to take precautions. China Central Radio and Television's embrace of AIGC is faster than you can imagine.
Kaiyuan Securities believes that from GPT-4 to GPT-4 Turbo to Google Gemini to Google Genie to Claude 3, AI multi-modal large models continue to progress, with the continuous improvement of performance, the cost is gradually reduced, and the AIGC application landing process or acceleration, it is recommended to continue to lay out the direction of AI applications.
In terms of the company, China Television Media (600088) is the only listed company under CCTV, and has formed three main businesses of film and television, advertising and tourism.
Zhongnan Media (601098) attaches great importance to the application of artificial intelligence technology in publishing, and has used artificial intelligence technology in digital education, integrated media publishing, and mass digital reading. At present, the company is actively preparing for an artificial intelligence laboratory to empower traditional publishing with artificial intelligence technology, and the company has established a joint venture with Hunan Educational Television Station to establish a television media company.
Production in the first quarter increased by more than 40% year-on-year, and the new energy vehicle segment is expected to maintain rapid growth
According to data released by the National Bureau of Statistics on April 16, in the first quarter, the output of charging piles, 3D printing equipment and electronic components increased by 41.7%, 40.6% and 39.5% year-on-year respectively.
Yang Rui of Huaxi Securities pointed out that because the charging pile is the aftermarket of new energy vehicles, the charging market is expected to maintain rapid growth in the context of the continuous expansion of the scale of car ownership + insufficient charging and replacement facilities, and the expansion of electric vehicle ownership will create considerable development space for the charging operation market. In terms of market space, Founder Securities predicts that the global charging pile market space will exceed 100 billion yuan in 2025.
Among the listed companies, Henan Pinggao General Electric Co., Ltd. and Tianjin Pinggao Intelligent Electric Co., Ltd., subsidiaries of Pinggao Electric (600312), have a business scope covering the sales of charging piles and the operation of electric vehicle charging infrastructure.
Shenghong Co., Ltd. (300693) has liquid-cooled charging pile products. The company has launched an 800KW flexible shared charging stack, which supports a maximum output of 600kW for a single gun.
BYD's new energy pickup truck will be released this year, and the industrial chain is expected to release flexibility
According to media reports, the reporter learned from BYD that BYD's new energy pickup truck is equipped with DMO super hybrid off-road platform and blade battery, using CTC battery chassis integration technology, based on global market development, and is expected to be released this year.
The explosive model Cybertruck leads the expansion of the electric pickup truck industry, and the penetration rate continues to increase, and the new energy pickup truck industry chain is expected to release flexibility in the future. Pacific Securities said that in 2022, the State Council will continue to issue a document to study further relaxing the restrictions on pickup trucks entering the city. In addition, thanks to the cost advantage of the domestic supply chain, the overseas sales of pickup trucks of Chinese automakers from 2018 to 2022 will reach 3.7, 4, 4.2, 7.8, and 125,000 units, with a CAGR of 84.46%. At present, the new energy penetration rate of the domestic pickup truck market is at a low level but growing rapidly (the penetration rate is 0.92% in 2022 and 1.59% in 2023H1).
In terms of the company, Huayang Group (002906) focuses on intelligent and lightweight automobiles, and is committed to becoming a leading system supplier of automotive electronic products and parts at home and abroad, supporting various types of products for BYD.
Ruiming Technology (002970) is a global leader in video surveillance solutions for commercial vehicles, and the company has established a cooperative relationship with BYD, and related parts and components include ADAS, DSM, BSD, etc.
The Ministry of Industry and Information Technology organized this year's 5G lightweight penetration action The agency predicts that 5G RedCap will be commercialized in 2024
According to the Ministry of Industry and Information Technology, in order to accelerate the development of 5G innovation, promote the commercial process of 5G RedCap in a solid and orderly manner, and open up key links such as 5G RedCap standards, networks, chips, modules, terminals, and applications, the Ministry of Industry and Information Technology recently issued a notice to deploy and carry out the 2024 5G Lightweight (RedCap) breakthrough action, including building a standard foundation to achieve 5G RedCap technical standard penetration, network first, and completing seven key tasks such as 5G RedCap network penetration.
5G RedCap technology has the characteristics of fewer receiving and transmitting ports for terminal equipment antennas, support for full-duplex and half-duplex communication modes, lower power consumption of equipment, lower modulation order, lower maximum bandwidth, and support for energy-saving features, and is mainly used in industrial Internet, smart wearable devices, medium and low-speed Internet of Things and other fields. As an important evolution of cellular IoT, 5G RedCap continues to improve IoT technologies and application scenarios, and may usher in a period of rapid growth. According to Counterpoint, it is expected that 5G RedCap may be commercialized in 2024, and by 2030, the shipment of 5G RedCap modules will account for 18% of cellular IoT modules, showing strong market potential.
In recent years, 601728 the company has paid attention to the evolution of mobile communication technology, focusing on 5G-A key technologies such as 5G lightweight (RedCap), NTN, and millimeter wave to carry out technical research, standardization, testing and verification.
ZTE Corporation (000063) has been committed to promoting the commercial implementation and application acceleration of RedCap, and has been working with operators to carry out large-scale deployment in multiple provinces.
The Ministry of Industry and Information Technology issued a notice to deploy and carry out 5G lightweight penetration actions
The Ministry of Industry and Information Technology recently issued a notice to deploy and carry out the 2024 5G Lightweight (RedCap) Breakthrough Action, which includes seven key tasks: building a standard foundation to achieve 5G RedCap technical standard penetration, network first, completing 5G RedCap network penetration, capability upgrading, accelerating 5G RedCap chip module penetration, enriching products, promoting 5G RedCap terminal penetration, and demonstration to strengthen 5G RedCap application scenarios are connected, security escort promotes the integration of 5G RedCap security capabilities, and security is strengthened to ensure that 5G RedCap is fully connected.
5G Lightweight (RedCap) technology is considered to be the key foundation for 5G to realize the interconnection of human, machine and IoT, and will play an important role in building a new infrastructure for the Internet of Things, enabling the upgrading of traditional industries, and promoting the deep integration of the digital economy and the real economy. This technology has a balanced capability and can be widely used in industrial sensing, smart grid, smart security, wearable devices, etc., and is expected to become an important product in the era of 5G Internet of Things.
A-share related concept stocks mainly include Tianyuan Dike (300047), Shenzhou Taiyue (300002), etc.
Intergenerational Transformation Technology The first year of commercial use of 400G all-optical network has officially begun
As an intergenerational transformation technology in the next development cycle of optical transport networks, 400G all-optical networks are the all-optical foundation that carries the efficient circulation of computing power in the future. A few days ago, China Mobile held the "400G OTN Inter-Provincial Backbone Network First Link Breakthrough and Application Conference" in Beijing, announcing the official commercial use of the world's first self-developed 400G all-optical inter-provincial (Beijing-Inner Mongolia) backbone network, marking the official opening of the first year of commercial use of 400G OTN (optical transport network).
At present, a new round of scientific and technological revolution and industrial transformation is developing in depth, and digital and intelligent transformation has become a global trend. In this process, network infrastructure is crucial to promoting the high-quality development of the digital economy, and all-optical networks, as the cornerstone of the network, are the key foundation to support the development of the digital economy. Because of this, the all-optical industry has also ushered in explosive growth in the past few years. In the face of the emergence of many new services and applications, such as data centers, industrial Internet of Things, generative AI, and large models, all-optical networks are also accelerating technological innovation and development.
A-share related concept stocks mainly include Xinyisheng (300502), Fiberhome Communications (600498), etc.
A symposium on the development of medical robots was held to welcome the opportunity for domestic parts suppliers
On April 16, the Symposium on the Innovation and Development of Medical Robots was held in Beijing. According to the State Food and Drug Administration, medical robots, as a representative of new productivity in the field of medical devices, are key areas supported by various departments. The State Food and Drug Administration will further strengthen the cooperation between ministries and commissions, promote the synergy of industry, academia, medical research and management, study and introduce targeted measures, accelerate the promotion of landmark products on the market, promote the innovative and high-quality development of medical robots with scientific supervision, and better meet the needs of public health
Humanoid robots have the dual attributes of AI + high-end manufacturing, and are expected to open up new models and new formats of high-end manufacturing. Orient Securities pointed out that the localization rate of key components of humanoid robot actuators such as lead screws, reducers, motors and other high-end fields is low, especially in the context of planetary roller screws, coreless motors, six-dimensional torque sensors and other products in the downstream market is not too large. Domestic parts suppliers with higher R&D production efficiency will gain more market share.
Green Harmonic (688017) The main products include harmonic reducers, mechatronics products, electro-hydraulic servo controllers, etc., which are widely used in robots and other fields;
The pressure sensors of Sinopei Power (603121) include ceramic piezoresistive pressure sensors, MEMS piezoresistive and oil-filled core technology, and glass micro-melting.
Lenovo is about to release a full range of new AIPC products, and PC software and hardware are facing higher requirements
The 2024 Lenovo Innovation and Technology Conference will open in Shanghai on April 18, and the new AIPC products with five characteristics will be released. At this conference, Lenovo will also release a series of innovative applications and solutions, including AIPC embedded with intelligent twins, personal intelligent twins, enterprise intelligent twins, and heterogeneous intelligent computing platforms, etc., to promote further innovation and application of artificial intelligence in the field of equipment, infrastructure and solutions.
According to IDC data, after eight consecutive quarters of year-on-year declines, PC shipments will usher in year-on-year growth in the first quarter of 2024, returning to pre-pandemic levels. Debang Securities believes that more AIPC products are expected to be listed in 2024, opening the first year of AIPC and driving a new round of replacement from the supply side. The development of AIPC will put forward higher requirements for both the software and hardware of personal computers. For example, in terms of heat dissipation, the operation of the AIPC localization model requires greater computing power density, which brings large power consumption problems and requires better heat dissipation solutions.
Siquan New Materials (301489) has relatively complete thermal conductive material products such as synthetic graphite heat dissipation film and synthetic graphite heat sink;
Feirongda (300602) is a leading electromagnetic shielding and thermal conductive materials and equipment company in China.
Suzhou plans to hold a low-altitude conference on April 18 to accelerate the construction of a national low-altitude economic demonstration zone
According to the Suzhou News official account, on April 18, Suzhou will hold a low-altitude economic development promotion conference, at which a series of policy measures will be released, a number of relevant institutions will be unveiled and awarded, a number of fund projects and construction projects will be signed, and Suzhou's low-altitude economic application scenarios will be promoted, so as to promote the high-quality development of Suzhou's low-altitude economy.
The 2024 government work report will include the "low-altitude economy" in the government work report for the first time. At the same time, the Civil Aviation Administration of China issued the "National Airspace Basic Classification Method", adding non-controlled airspace categories G and W to provide policy soil for the development of low-altitude economy. Local policies actively respond to the low-altitude economy, including Anhui, Jiangsu, Jiangxi, Fujian and other government reports mention the low-altitude economy, and some cities take the lead in clarifying the specific construction goals of the low-altitude economy. As a potential trillion-level space industry, the current industrial curtain is slowly unfolding, and it will become another potential starting point for promoting industrial innovation, developing new quality productivity, and expanding domestic consumption.
Analysts believe that the prosperity of the application scenarios of the operation layer is the key to the prosperity of the whole chain, and the improvement of basic facilities is the guarantee of manufacturing and operation, especially to build a leading low-altitude management and safety system is the top priority.
In A-shares, you can pay attention to Leser Information (688631), CITIC Haizhi (000099), etc.
Significant winning bids
Quectel: Received a fixed-point letter of about US$742 million to US$1.309 billion
Quectel Communications (603236) announced that it recently received a letter from a world-renowned auto parts supplier and selected the company as its automotive module supplier. According to the customer's plan, the fixed-point project is expected to gradually start mass production and delivery from 2026, with a delivery cycle of 8 years from 2026 to 2033. The total sales value of the project over the life of the project is estimated to be approximately US$742 million to US$1,309 million.
Mingxin Xuteng: Received a fixed-point notice of about 870 million yuan for the project
Mingxin Xuteng (605068) announced that it recently received a fixed-point notice from a well-known domestic automobile OEM factory, and the company became the leather material supplier of its new project. According to the customer's plan, the project is expected to start mass production in October 2024, with a life cycle of about 5 years and a total life cycle amount of about 870 million yuan.
Huaguang Huaneng: Holding Sun Company won the bid for the EPC general contracting project of 799 million yuan
Huaguang Huaneng (600475) announced that the holding company Huaguang Huaneng (Xi'an) Design Institute received the "Notice of Winning the Bid" from the tenderer Wuxi Nengda Thermal Power Co., Ltd., and determined that the company won the bid for the "EPC General Contracting of Wuxi Nengda Thermal Power Co., Ltd. Cogeneration Expansion Project" project, with a bid amount of 799 million yuan.
Shareholder buybacks
Jingu shares: The chairman proposed that the company repurchase shares for 30 million yuan to 60 million yuan
Jingu shares (002488) announced that Sun Fengfeng, chairman of the company, proposed that the company repurchase shares with 30 million yuan to 60 million yuan, and the repurchased shares are intended to be used to implement equity incentives or employee stock ownership plans in the future.
Minde Electronics: The actual controller proposed that the company repurchase shares for 30 million yuan to 60 million yuan
Minde Electronics (300656) announced on the evening of April 16 that Xu Wenhuan, the company's controlling shareholder, actual controller, chairman and general manager, proposed that the company repurchase shares with 30 million yuan to 60 million yuan, and all the repurchased shares were used for equity incentives and employee stock ownership plans.
Important Announcements
Amway shares: Amway Vietnam became a supplier of the American Lok Zhi Bao Company
Amway Co., Ltd. (300218) announced that recently, the company's holding subsidiary, Amway (Vietnam) Material Technology Co., Ltd. (hereinafter referred to as "Amway Vietnam") received an official email notice from LaZ-Boy (hereinafter referred to as "LaZ-Boy"), and Amway Vietnam officially became a supplier of LaZ-Boy (hereinafter referred to as "LaZ-Boy"), with the supplier code of 3306151. La-Z-Boy is a well-known functional sofa brand in the United States, which manufactures, sells, imports, distributes and retails upholstered furniture, accessories and cabinet (wooden) products.
Sanqi Mutual Entertainment: The subsidiary plans to invest no more than 30 million yuan in Qianxing Zhiqing Fund
Sanqi Mutual Entertainment (002555) announced that Anhui Taiyun, a wholly-owned subsidiary of the company, intends to invest in Guangdong Qianxing Zhiqing Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Qianxing Zhiqing Fund"). The tentative target total subscription scale of Qianxing Zhiqing Fund is 31 million yuan, and Anhui Taiyun, a wholly-owned subsidiary of the company, intends to contribute no more than 30 million yuan with its own funds as a limited partner. After the investment in Qianxing Zhiqing Fund, Qianxing Zhiqing Fund will directly or indirectly invest in the equity of Guangzhou Lijing Innovation Technology Co., Ltd. (hereinafter referred to as "Lijing Innovation"). Guangzhou Lijing Innovation Technology Co., Ltd. is a comprehensive company focusing on the R&D and production of cameras.
Yatong shares: plans to transfer 100% equity of Shanghai Yinma Industrial Co., Ltd
Yatong Co., Ltd. (600692) announced that it intends to transfer 100% of the equity of Shanghai Yinma Industrial Co., Ltd. to Dongtan Construction through a non-public agreement on the Shanghai United Equity Exchange, and the transaction price is determined to be 22.1324 million yuan based on the evaluation results. This transaction is expected to positively affect the company's book profit in 2024 of about 5.9292 million yuan.
Menova: It intends to terminate the issuance of shares to specific targets in 2023
Menova (603538) announced that the company decided to terminate the issuance of shares to specific targets in 2023 and applied to the Shanghai Stock Exchange to withdraw the relevant application documents.
Yangtze River Materials: The subsidiary obtained a mining license
Changjiang Materials (001296) announced that recently, Zhangwu Minerals, a wholly-owned subsidiary of the company, has completed the work related to the transfer of prospecting rights to mining rights of Taijia natural quartz sand mine in Zhangwu County, Liaoning Province, and obtained the "Mining License" issued by the Natural Resources Bureau of Fuxin City. Quartz sand is the main raw material required for the company's production, and Zhangwu Minerals' acquisition of the "Mining License" will further enhance the company's ability to guarantee raw sand resources.
Jingyeda: The subsidiary has passed the CMMI5 level assessment certification
Jingyeda (003005) announced that Beijing Jingyeda Digital System Technology Co., Ltd. (hereinafter referred to as "Digital Company"), a wholly-owned subsidiary of the company, recently passed the CMMI5 level assessment certification and obtained the CMMI5V2.0 certificate issued by the CMMI Research Institute ISACA, with the evaluation number 69875, which is valid until March 28, 2027. The digital company has passed this level of evaluation and certification, indicating that the digital company has reached the international advanced level in many aspects such as software process capabilities, product research and development capabilities, implementation and delivery capabilities, and project management capabilities.
Polydi: The COFs materials mass-produced by the subsidiary have not yet been sold in batches
Polydi (300905) disclosed the announcement of stock trading changes, saying that the COFs materials mass-produced by the company's subsidiary Yaoke New Materials (Suzhou) Co., Ltd. (hereinafter referred to as "Yaoke") are in the practice of industrialization and commercialization, and have not yet been sold in batches. In the future, Yaoke will increase investment in R&D and production, enrich the product types and application scenarios of COFs, and further expand production capacity to meet the growing market demand.
Xinyu Guoke: The company was banned from participating in the procurement of materials and engineering services for the whole army for 2 years
Xinyu Guoke (300722) announced on the evening of April 16 that the Army Procurement Network (hereinafter referred to as the "Military Procurement Network") issued a penalty announcement on April 16, and the Procurement and Supply Bureau of the Army Logistics Department decided to prohibit the company from participating in the procurement of materials and engineering services for 2 years from April 16, 2024 in accordance with the relevant regulations on the management of military suppliers. During the prohibition period, other enterprises controlled or managed by the legal representative Jin Weiping are prohibited from participating in the military procurement activities within the above-mentioned scope, and Hou Shuai, the bidding representative, is prohibited from participating in the military procurement activities within the above-mentioned scope on behalf of other suppliers. Due to the fact that the company's business income from material engineering services with the military in recent years is very small (the proportion of operating income with the military from 2021 to 2023 does not exceed 1.5% of the company's main business income every year), the impact on the company's overall operation is very small. This penalty decision is not an administrative penalty, and does not touch the situation of mandatory delisting for major violations stipulated by the Shenzhen Stock Exchange.
Guangli Micro: Short-term trading of directors' relatives There is no use of inside information to trade for profit
Guangli Micro (301095) announced on the evening of April 16 that the company received the "Apology Statement on the Short-term Trading of the Company's Shares by My Relatives" issued by Shi Zheng, the director of the company, on February 29, and learned that his mother Zhao Lianzi bought and sold the company's shares through the secondary market from January 18 to February 27 without Shi Zheng's knowledge. As of the announcement date, Zhao Lianzi did not hold shares of the company. Zhao Lianzi's short-term trading income of 4,200 yuan has been handed over to the company on February 29. After verification, this transaction is an investment behavior made by Zhao Lianzi based on his independent judgment of the secondary market, and he did not seek any advice or suggestions from Shi Zheng on the transaction. There is no trading of the company's shares due to the acquisition of inside information, nor is there any use of inside information to trade for profit.
Tianli Lithium Energy: 9 series high-nickel products have completed small-scale and pilot-scale tests in the leading companies of solid-state batteries
Tianli Lithium Energy said on the interactive platform on April 16 that the 9 series high-nickel products developed by the company have completed the small-scale and pilot tests in the head company of solid-state batteries, and have played a good battery performance with solid-state and semi-solid-state battery systems, with an energy density of ≥ 400wh/kg.
Starlight Agricultural Machinery: The company currently has no risk of ST delisting due to performance
Xingguang Agricultural Machinery said on the interactive platform on April 16 that although the company is still losing money, the loss has gradually decreased, and the business fundamentals are improving. At present, the company does not have the risk of ST delisting due to its performance, and there are no other circumstances that may lead to it for the time being.
Obi Zhongguang: Revenue in the first quarter is expected to increase by about 52% year-on-year, and the field of 3D scanning is showing a rapid growth trend
Obi Zhongguang (688322) released the first quarter of 2024 performance forecast on the evening of April 16, since 2023, the company has focused on self-developed core technologies and products for the application of business breakthroughs, and the reporting period has achieved initial results, the company's operating income in the first quarter of 2024 increased by about 51.81% over the same period last year, of which medical insurance verification, three-dimensional scanning and other fields showed a rapid growth trend.
Zijiang Enterprise: Zijiang New Material, a subsidiary, has carried out various forms of cooperation with a number of domestic solid-state battery companies
Zijiang Enterprise said on the interactive platform on April 16 that the company's holding subsidiary, Zijiang New Material, has carried out various forms of cooperation with a number of domestic solid-state battery companies, and is a qualified supplier and strategic partner of Qingtao Energy, ATL and BYD; The cooperation of Funeng Technology has entered the stage of product verification, and Zijiang New Materials is carrying out product verification and project cooperation with the battery department and battery factory of GAC.
Jin Longyu: The company's semi-solid-state batteries have completed internal test projects, and the performance meets the requirements of the national standard
Jin Longyu said on the interactive platform on April 16 that the company's semi-solid-state battery has completed the internal test project, the performance is up to standard, and the performance has passed the test of the Shenzhen Institute of Metrology and Quality Inspection, and the performance meets the requirements of the national standard, and has passed the 3mm acupuncture test.