laitimes

April 22 stock market internal reference

author:It's all about technology

Tips: Whether a seed can take root and grow into a big tree depends not only on the seed itself. In addition, it is also necessary to look at the objective environment such as soil, light, water source, and animals where the seeds grow. Information is like a seed, whether it can affect the rise of stock prices also depends on the objective environment of the market at that time. Calm, rational and objective analysis and decision-making are very important prerequisites for successful investment and speculation.

1. Investment information

1. Tin prices hit a new high in the past two years, and the performance of related tin mining companies continued to improve

In the past week, the non-ferrous metal market continued to be active, among which tin prices hit a new high since June 2022, LME tin rose 5.23% to US$35,925 / ton on April 19, a cumulative increase of 13.24% in the last three trading days, and the main domestic Shanghai tin futures contract rose 5.48% or 14,660 yuan to 281,950 yuan / ton in overnight trading. Other base metals markets also performed strongly.

The reason for the rise in non-ferrous metal prices in this round mainly comes from the joint action of both supply and demand, and the increase in tin is particularly obvious, mainly due to the dual impact of supply-side disturbances and demand-side positive performance. On the one hand, the global tin ore supply has decreased, and the Manxiang mining area, the main tin producing area of Myanmar, which accounts for nearly 70% of the mainland's overseas supply, has not yet reported clear news of the resumption of production, which has exacerbated the market's concerns about the stability of future supply. On the other hand, the consumer electronics industry will recover in 2024, and the demand for tin for AI servers will increase rapidly, and it is expected that there will be a supply gap for tin throughout the year. At the trading level, in the international market, LME tin inventories have continued to go to the warehouse since the end of last year and have dropped to 4,215 tons, providing conditions for long shorts. Analysts expect that this round of tin price rises actually reflects the market's optimism about non-ferrous metals, which is another long variety of international funds after gold, copper and aluminum, and it is expected that the short-term rally will be maintained.

Under the background of the current tight supply and demand pattern of the tin market and the continuous rise in prices, companies such as Tin Industry Co., Ltd. (000960) and Industrial Silver Tin (000426) will benefit from the performance boost effect brought by the rise in tin prices.

2. Tesla's FSD will soon enter China, and the inflection point of intelligent driving is coming

According to media reports, on April 20, Tesla CEO Elon Musk said that Tesla may soon offer the full self-driving software feature FSD to Chinese customers. On April 21, Tesla's website showed that Tesla reduced the price of its Full Self-Driving (FSD) package from $12,000 to $8,000 in the U.S. and from C$16,000 to C$11,000 in Canada.

Currently, Tesla FSD has been upgraded to the V12.3 end-to-end version, which is completely dependent on neural networks and data-driven. As of April 6, 2024, Tesla's FSD has traveled a total of 1 billion miles, and the rich data has greatly improved the capabilities of AI algorithms. The brokerage report pointed out that if FSD successfully enters China, it will become a strong competitor for the autonomous driving program of domestic car companies, and the competition for the domestic autonomous driving highland will become more and more fierce, which is conducive to the vigorous development of the autonomous driving industry and drives the global intelligent driving into a new stage. The application of the end-to-end model promotes the continuous improvement of intelligent driving performance, which is expected to drive consumers' willingness to pay, and the leading domestic OEMs, intelligent industry chains and Tesla industry chain targets are also expected to benefit.

In A-shares, you can pay attention to Jingwei Hengrun (688326), Baolong Technology (603197), etc.

3. The upward trend of the storage market continues, and the inflection point of the industry cycle is basically clear

According to a report by TrendForce, both the global NAND flash and SSD markets saw significant price increases in the first quarter of 2024, with a maximum price increase of nearly 30%, and the price increase will continue in the second quarter, with the flash memory market as a whole expected to continue to rise by 13-18%. According to the data of the CFM flash memory market, from mid-2023, there will be a significant price increase from flash memory wafers to flash memory chips of various specifications, with an average price increase of about 40%, and it is still in an upward trend.

As some upstream storage OEMs begin to turn losses into profits in the fourth quarter of 2023, the cycle inflection point of the storage industry has basically been clear. In addition, although the recovery progress of the general terminal market is still affected by the global macro environment, the rise of AI large models will inevitably promote AI-related terminal applications to become the support of the new storage cycle. Authoritative analysis, the storage market began to get back on track, storage prices are on a steady upward trend, coupled with advanced technology and the application of emerging markets, the storage industry is moving from price to value cycle, and the market size is expected to increase by more than 42% year-on-year this year.

A-share related concept stocks mainly include Longsys (301308), GigaDevice (603986), etc.

4. Fill the domestic gap Continental has successfully developed large-displacement methanol engines

According to reports, Changan Automobile Group has successfully developed an N25TM methanol supercharged engine in cooperation with Harbin Dongan Power Co., Ltd. The engine fills the gap in the field of ignited large-displacement supercharged methanol engines in China, marking an important step in the field of methanol alternative fuels.

Methanol has the characteristics of good solubility, volatility, and good combustion performance, so it is widely used in many fields such as chemicals, pesticides, coatings, plastics, and medicine. With the increasing demand for clean energy, methanol has also been widely used in the field of energy alternatives. At the same time, compared with traditional energy sources such as oil and natural gas, methanol has the advantages of lower price and lower production cost, so it is favored by the market. At present, China is one of the world's largest methanol producers, and the demand for methanol is also showing an increasing trend year by year.

A-share related concept stocks mainly include Dongan Power (600178), Yuanxing Energy (000683), etc.

5. The CR450 EMU prototype with a speed of 400 kilometers per hour will be rolled off the assembly line within the year

  It was learned from China State Railway Group Co., Ltd. that the CR450 scientific and technological innovation project led by China Railway Group is currently in full swing, of which the CR450 EMU prototype is being developed and will be rolled off the assembly line within the year. Through a series of tests, the speed of high-speed rail will be increased from 350 kilometers to 400 kilometers. This is also another demonstration of the "intelligent manufacturing" strength of China's equipment manufacturing industry after the Fuxing China Standard EMU CR400 train was put into operation on the Beijing-Shanghai high-speed railway in September 2017, creating a new benchmark for the world's high-speed rail operation speed with a speed of 350 kilometers per hour.

  According to the known test data, the weight of the CR450 body is reduced by about 12% compared with the existing CR400 Fuxing train, and the running resistance and energy consumption indicators are reduced by 20% respectively, and the braking performance and traction efficiency are increased by 20% and 3% respectively, so that the train can achieve an operating speed of 50 kilometers per hour while the braking distance, noise and energy consumption indicators remain unchanged.

  At present, important progress has been made in infrastructure technology innovation at a speed of 400 kilometers per hour and the construction of a comprehensive test section with a higher speed. The CR450 EMU has completed the formulation of top-level indicators and overall schemes, and has entered the stage of construction design and prototype development, and the prototype will be rolled off the assembly line within the year, and a series of driving tests will be carried out.

  The listed companies in the industrial chain are: CRRC (601766) Led by major projects such as CR450, high-speed maglev transportation system, and Chinese standard subway trains, it fills the gaps in the field, seizes the frontier highland, and consolidates and enhances the advantages of the industrial chain. Times New Materials (600458) In the field of rail transit, we have completed the "Research on Lightweight and Intelligent Technology of a New Generation of Suspension Damping Components for CR450 EMUs", and developed lightweight and intelligent suspension damping components and devices suitable for CR450 high-speed EMUs, whose performance meets the requirements of the technical specifications of the suspension system of CR450 high-speed EMUs. Times Electric (688187) In the first half of 2023, the company completed the high-speed performance test of the CR450 project, and the PCU-based replacement converter helped the vehicle set three new speed records, fully verifying the company's technological leadership in the new generation of high-speed rail EMUs.

6. Accelerate the process of global commercial aerospace Pay attention to investment opportunities in the middle and upper reaches of the industrial chain

  According to the China Manned Space Engineering Office, the Shenzhou-18 manned spacecraft and the Long March-2F Yao-18 carrier rocket assembly have been transferred to the launch area. At present, the facilities and equipment at the launch site are in good condition, and various functional inspections and joint tests before the launch will be carried out as planned, and the launch is planned to be carried out this month. It is also understood that the main event of the 2024 China Aerospace Day will be held in Wuhan, Hubei Province on April 24. During the main event, activities such as the China Aerospace Conference and a series of exhibitions of aerospace science popularization will be held. On and around April 24, nearly 500 events will be held by relevant units. In the past year, China's space industry has carried out a record number of 67 space launch missions, and in 2024, China's space missions will be even more arduous, with the Chang'e-6 mission landing on the far side of the moon and the Aitken Basin for sample return, and the manned space program implementing the Shenzhou-18 and 19 manned spacecraft missions.

  Abroad, Musk recently reposted the video of the third test flight of the "Starship" on social platforms, and revealed that the fourth test flight of the "Starship" will be carried out next month (May). If the launch booster lands at the virtual tower, the fifth launch plan will allow the booster to fly back and fall back to the launch tower, completing a major breakthrough in commercial spaceflight.

  In the context of the accelerated development of global commercial aerospace, it is recommended to pay attention to the middle and upper reaches of the leading industrial chain. Such as China Satellite (600118), Guangwei Composites (300699) and Chengchang Technology (001270) and so on.

7. Virtual sports equipment sells out Pay attention to virtual sports

  According to media reports, the heating up of virtual sports has led to a significant increase in the sales of related virtual equipment, and the orders of many manufacturers are also in a full state. The hot market demand is also transmitted to the production side. A bicycle virtual equipment manufacturing enterprise in Qingdao has received orders in July this year, an increase of more than 150% compared with the same period last year. According to the data, the scale of China's virtual sports industry is expected to reach 115.2 billion yuan in 2025, a year-on-year increase of 25.7%.

  In recent years, the virtual sports industry, which relies on new technologies such as human-computer interaction, VR, and AR (augmented reality), has emerged, helping many people realize "freedom of movement" that is not hindered by wind and rain. Under the guidance of the National Fitness Plan (2021-2025), virtual sports events have been held across China to provide a wealth of choices for national fitness.

  Virtual sports equipment is selling well, you can pay attention to Pathfinder (300005) The contract fund participates in the world of Ledong to focus on the research and development of virtual sports, and is committed to using VR to transform fitness equipment, solve the problem of boring sports through the use of VR and other technologies, and make fitness equipment more intelligent.

Lisheng Sports (002858) Since 2022, the company has carried out smart sports equipment, sports software system products and related services. In 2023, the company plans to raise a total of no more than 600 million yuan, of which 100 million yuan will be used to invest in artificial intelligence digital sports projects.

8. The supply of tungsten concentrate is tight, and downstream tool companies have a strong willingness to raise prices

  Tungsten alloy is an industrial tooth, and its raw material tungsten is an extremely scarce and irreplaceable strategic resource. Under the constraint of the total index, the disorderly mining of tungsten concentrate has been controlled, and the output has decreased year by year: the proportion of tungsten production in the world is much higher than the proportion of reserves, and the consumption of tungsten resources is too fast, especially the high-grade and easy-to-mine wolframite, which may face the problem of rapid increase in mining costs, and it is expected that the total amount of tungsten mining in the country will continue to narrow in the future. Recently, the prices of tungsten concentrate and tungsten carbide powder have continued to rise, and the price of tungsten carbide powder has risen from a low of 185 yuan/kg in 2019 to 280 yuan/kg on April 17, 2024, hitting a record high in the past five years.

  From the perspective of supply and demand, 1) supply side: the national tungsten concentrate quota in 2023 will be 111,000 tons, and the CAGR from 2015 to 2023 will be only 2%. 2) Demand side: In the short term, the manufacturing PMI in March increased by 1.7ppt month-on-month to 50.8%, and the manufacturing demand in March and April rose significantly month-on-month, and the short-term demand for downstream cemented carbide products and CNC tools stabilized and grew.

  In terms of opportunities, the strong tungsten concentrate is expected to be transmitted to downstream domestic tools. Reasons: 1) Foreign tool brands have raised prices at the end of 2023 and early 2024 to provide room for domestic tools to increase prices; It is understood that since the beginning of this year, Zhuzhou Diamond, Oukeyi and Huarui Precision have successively issued price increase letters.

  It is recommended to pay attention to the domestic tool leader Sinovel Precision (688059), Oukeyi (688308), etc.

9. Cross-border e-commerce continues to grow, and opinions on supporting development are expected to be issued in the near future

  It is reported that in order to further improve the relevant policy system and promote the high-quality development of cross-border e-commerce, the implementation opinions to support the development of cross-border e-commerce are expected to be issued in the near future. In order to accelerate the construction of cross-border e-commerce comprehensive pilot zones, improve the level of regulatory facilitation, and build an industrial chain and ecosystem that meet the needs of cross-border e-commerce development. In addition, the ninth meeting of the Standing Committee of the 14th National People's Congress will be held soon, and the draft of the Tariff Law (Second Reading Draft) will be submitted for deliberation to meet the requirements of cross-border e-commerce development.

  With the deepening of economic globalization, the connection between countries has become closer and transactions have become more frequent, and the national strategy of the mainland's "Belt and Road" has further promoted the free flow of factors and free trade of commodities between countries. In this context, cross-border e-commerce, a new trade method, simplifies the transaction process of traditional international trade methods, reduces transaction costs and expands transaction volume through cross-border e-commerce trading platforms. In the first quarter of 2024, the General Administration of Customs preliminarily estimated that the import and export scale of cross-border e-commerce in mainland China increased by 9.6% year-on-year to 0.58 trillion yuan, and in 2023, the import and export of cross-border e-commerce in mainland China will increase by 15.6% to 2.38 trillion yuan.

  As a new driving force to promote the upgrading of industrial structure, cross-border e-commerce provides new opportunities for enterprises to build international brands, which not only provides a springboard for traditional foreign trade enterprises to transform and upgrade, but also injects strong vitality into the steady growth of mainland foreign trade. The management focuses on the difficulties and blockages in the supervision of cross-border e-commerce, and continues to promote innovation in systems, management and services, which will not only help improve the operational efficiency of the cross-border e-commerce industry and provide consumers with a more convenient and efficient shopping experience, but also contribute to the standardized development of the cross-border e-commerce industry and provide a strong institutional guarantee for the development of the cross-border e-commerce industry.

  You can pay attention to the leading cross-border e-commerce segments:

  1) Zhiou Technology (301376) is a world-renowned Internet home furnishing brand, products include furniture series, home series, garden series, pet series and other categories, with three self-owned brands of SONGMICS, VASAGLE and FEANDREA, and its products are exported to more than 50 countries and regions such as Western Europe, North America, Japan, etc.

  2) Sinotrans (601598) As a joint venture between the company and DHL, Sinotrans DHL is mainly engaged in the international aging parts business, and its ToB cross-border e-commerce platform business is an important engine for growth. In 2024, the GMV targets of Temu and TikTok op are expected to more than double and 150%, respectively, and the scale of the cross-border e-commerce import and export logistics market is expected to increase by 21% year-on-year.

  3) Commodity City (600415) Actively build a network of overseas warehouse trade hubs, and strive to build a trade fulfillment business supported by overseas warehouse control and payment control, and with warehousing and financial services as the content. The company has a total of 144 overseas warehouses, covering an area of more than 1.1 million square meters, covering 47 countries around the world, and initially forming five large warehouse groups in the Americas, Asia, Europe, Africa and Oceania.

  4) Huakai Yibai (300592) takes its wholly-owned subsidiary, Yibai Network, as the carrier, relies on China's high-quality supply chain resources and market demand-oriented, carries out cross-border export e-commerce business, and mainly sells cost-effective Chinese-made goods to overseas end consumers through third-party platforms such as Amazon, eBay, AliExpress, Cdiscount, WalMart, etc.

10. For the first time, the mainland achieved mass production of carbon-14 isotopes to break the monopoly

  The first batch production of carbon-14 isotopes by CNNC Qinshan Nuclear Power was successfully released on the 20th, which is the first time that the mainland has used a commercial nuclear power reactor to mass-produce carbon-14 isotopes, which has completely solved the problem of domestic dependence on imports of carbon-14 isotopes and realized the full localization of carbon-14 supply.

  Carbon-14 isotopes are widely used in agriculture, chemistry, medicine, biology and other fields, and have high medical value and scientific research value, including Helicobacter pylori detection, pharmacokinetic research, β-ray environmental monitoring system, etc. Previously, the mainland's supply of carbon-14 was almost entirely imported, which was expensive and insecure. Qinshan Nuclear Power gives full play to the resource advantage of having the only commercial heavy water reactor in China, and cooperates with Shanghai Nuclear Engineering Institute, CNNC North and other units to carry out independent research and development and production of carbon-14 isotopes, which is of great significance for the development of the domestic isotope application industry chain.

  The industrial chain is expected to benefit, China Nuclear Power (601985) investment holding Qinshan Nuclear Power Heavy Water Reactor unit;

CGN Technology Co., Ltd. (000881) established cooperative relations with 4 units including the Second Institute of the Ninth Academy, completed the first isotope sales and delivery and obtained sales revenue;

Betta Pharmaceuticals (300558) A potential unicorn focusing on the development and application of carbon-14 isotope technology.

11. SK hynix and TSMC join hands to strengthen HBM's technology leadership

  On April 19, SK hynix announced that it has recently signed a memorandum of understanding (MOU) with TSMC to produce next-generation HBM products and strengthen the integration of advanced packaging technology that integrates HBM and logic layers. The company plans to collaborate with TSMC to develop HBM4, the sixth-generation HBM product, which is expected to go into production in 2026. The two companies will first focus on improving the performance of the base chip mounted at the bottom of the HBM package, and agree to work together to optimize the integration of SK hynix's HBM and TSMC's CoWoS technology to respond to the common requirements of customers for HBM.

  This strategic move by SK hynix not only strengthens the company's leadership position in the field of high-end memory technology, but also adds new impetus to the company's competitiveness in the global semiconductor market. At the same time, TSMC is the world's largest independent semiconductor foundry, and this cooperation will further enhance its market influence in the field of advanced packaging technology.

  Among the relevant listed companies, UPChemical, a subsidiary of Jacques Technology (002409), is the core supplier of SK hynix, a leading memory chip manufacturer in South Korea.

Shannon Xinchuang (300475) Co., Ltd., as one of the distributors of SK hynix, has HBM agent qualification.

12. The hand-car integrated map product will be released to pay attention to Baidu's unmanned driving industry chain

  It is reported that Wang Yunpeng, vice president of Baidu Group and president of the intelligent driving business group, issued a letter to all employees on the seventh anniversary of Baidu Apollo. Wang Yunpeng said in the letter that Baidu Apollo will focus on four tough battles: completing the construction of the basic model of autonomous driving, turning the gross profit of Radish Express into a positive and running through the business model, the user experience and cost-effective leadership of intelligent driving and intelligent cabin products, and the differentiated competition and market share of Baidu Maps outperforming the market. Wang Yunpeng revealed that Baidu will soon release a map product that integrates handcars and cars, which will help 300 million cars throw away mobile phone holders.

  As a leader in China's intelligent driving technology, Baidu Apollo's continuous innovation and investment in autonomous driving, intelligent transportation and other fields will not only promote the development of China's intelligent driving industry, but also have a profound impact on the future of global intelligent transportation. With the gradual implementation of these strategies, Baidu Apollo is expected to make a greater breakthrough in the competition for autonomous driving technology.

  Among the related companies, Winner Technology (300609) and its subsidiary Qianmu Information cooperated with Baidu Map to create an AR real-world navigation project for Shanghai Daning International Plaza, which has been put into operation;

Star Network Yuda (002829) Baidu is cooperating in the field of autonomous driving and participating in the automaker project of Baidu's Apollo program.

13. Japan's nuclear sewage storage tank is corroded, and the concept stock is expected to attract attention

  According to Japanese media reports, the inside of some of the water storage tanks used to store nuclear-contaminated water at Japan's Fukushima Daiichi Nuclear Power Plant has shown signs of corrosion. TEPCO began discharging nuclear-contaminated water into the ocean in August 2023, and in March 2024, signs of corrosion were found in the lower part of the inner side of the three water storage tanks that had been emptied, in addition to the peeling of the coating. On April 19, Japan's Tokyo Electric Power Company (TEPCO) launched the fifth batch of Fukushima nuclear contaminated water discharge. The Japanese government and TEPCO have ignored public anger and insisted on starting the fifth discharge despite public anger in Japan and abroad, causing widespread concern.

  In addition, the Tsinghua University team simulated the results of Japan's nuclear sewage discharge into the sea, predicting that Japan's nuclear sewage is expected to reach Zhejiang in late April and spread all the way north to Shandong, Liaoning and other coastal provinces. With the launch of a new round of nuclear sewage discharge into the sea in Japan, the concept of short-term nuclear sewage may be favored by funds again, and it is recommended to pay attention to Huashengchang (002980), Dahu shares (600257), etc.

2. Company information

1. Lianchuang Optoelectronics: Sichuan Runyushi Company completed the development and low-temperature experiment of D-type superconducting coil

According to the official public account of Lianchuang Optoelectronics (600363), the D-type superconducting magnet based on high-temperature superconducting cluster cable independently designed by Sichuan Runyushi Company, a subsidiary of the company, has successfully completed the preparation and low-temperature test, with a coil height of more than 1m, and a steady-state operating current of more than 1.5kA in the liquid nitrogen temperature zone, which is the first D-type superconducting coil based on superconducting cluster cable in China, which provides strong support for the independent development of large-diameter high-field superconducting magnets for compact high-temperature superconducting nuclear fusion reactors in mainland China. The development of D-type superconducting coils based on cluster cables and low-temperature experiments also verify the feasibility of the design and manufacturing process of cluster cables.

At the same time, it also indicates that Runyushi has the comprehensive design and mass preparation capabilities for large-scale high-temperature superconducting magnets, and has the comprehensive ability to provide advanced and reliable superconducting technology and equipment for the development and industrialization of large-scale superconducting equipment such as compact fusion reactors, strong magnetic field devices, high-field magnetic resonance, superconducting energy storage, and superconducting motors.

2. Laibao Hi-Tech: This year, the sales of on-board touch screen business are expected to increase year-on-year

Laibao Hi-Tech (002106) said in an institutional survey that in 2024, while consolidating the existing on-board touch screen market and customer resources, the corresponding demand for multi-screen, triple-screen, 3D, curved and other different shapes of cover glass products is increasing, and the company will combine the existing production line resources to vigorously develop the on-board touch screen market and customers in overseas on-board applications, and actively develop and promote new on-board touch screen products. With new technologies and timely and appropriate expansion of production capacity according to changes in market demand, the overall sales of the company's automotive touch screen business segment in 2024 are expected to increase year-on-year in 2023. From January 2024 to the present, except for the impact of the Spring Festival holiday, the order demand and product production and sales of the company's automotive touch screen business segment have been good.

The company and the local government investment in the micro-cavity e-paper display device (MED) project is expected to be officially started in the second half of this year, after the completion and operation, the company will realize the independent and cooperative development of micro-cavity display (MED) technology and product industrialization production, improve the layout of the medium and large size color e-paper display product line, and grasp the growth opportunities of the global medium and large size color e-paper segment blue ocean market.

3. Company announcement

Zhenhua Technology (000733) said on the interactive platform on April 21 that the company's power modules and other products have been applied to the field of low-altitude flight.

Geling Shentong (688207) said on the interactive platform on April 19 that the company's research projects include autonomous flight robot research projects, with the goal of developing autonomous flight load modules for unmanned aerial vehicles, building autonomous unmanned aerial vehicle systems that do not rely on satellite positioning, and engaging in industrial inspection tasks.

Sanqi Mutual Entertainment (002555) said that it plans to pay dividends four times a year, and it is the first company in A-share to propose a continuous quarterly dividend plan.

Zhongye (002441) signed a number of distribution agreements and purchase contracts with Schneider.

Xingyuan Materials (300568) signed a strategic memorandum with Samsung SDI Co., Ltd., agreeing to supply approximately 2.22 billion square meters of wet-coated lithium-ion battery separator materials to Samsung SDI.

The acting chairman of Ruichuang Micro-Nano (688002) proposed to repurchase the company's shares with 100 million yuan to 200 million yuan.

Wangfujing (600859) plans to repurchase shares for 100 million yuan to 200 million yuan.

Aerospace Intelligent Manufacturing (300446) made a net profit of 167 million yuan in the first quarter, a year-on-year increase of 295.34%.

Longsys (301308) made a net profit of 384 million yuan in the first quarter, a year-on-year turnaround.

Zhongji InnoLight (300308) net profit in the first quarter increased by 303.84% year-on-year.

Guangguang Media (300251) net profit in the first quarter increased by 248.01% year-on-year.

GigaDevice (603986) made a net profit of 205 million yuan in the first quarter, a year-on-year increase of 36.45%.

Sainz (688480) made a net profit of 79.4202 million yuan in the first quarter, a year-on-year increase of 492.69%.

Huaheng Biotechnology (688639) net profit in 2023 will increase by 40.32% year-on-year, and it is planned to transfer 10 to 4.5 and distribute 9 yuan.

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Note: The internal reference is updated at around 10 p.m. on Sundays, Mondays, Tuesdays, Wednesdays, and Thursdays (occasionally pushed back a little). It is not updated on Friday and Saturday evenings, and it is not updated on holidays.

【Disclaimer】

The information in this information is mainly derived from public information such as Times Wealth Information, CSI Express, SSE Early Know, etc., and this number does not make any guarantee for the accuracy and completeness of these information. The content and opinions expressed in the information are for informational purposes only and do not constitute investment advice for the trading of the securities described. The stock market is risky, please analyze and invest rationally!