China Fund News Chenxi
Hello everyone, let's pay attention to the market situation and the latest information in the morning~
On April 23, the three major A-share indexes opened mixed: the Shanghai Composite Index opened 0.2% lower at 3,038.61 points, the Shenzhen Component Index fell 0.08% to 9,231.9 points, and the ChiNext Index rose 0.18% to 1,753.58 points. In the morning, the market fluctuated downward, and as of press time, the main indices were more green and less red.
In the industry sector, coal, steel, non-ferrous metals, petroleum and petrochemical and other sluggish, gold jewelry, China shipbuilding, shipping, household appliances and other concepts declined. The media and education have made efforts in the market, and Kimi, Douyin platform, short drama games and other subdivisions have come out of a certain market.
The Hong Kong stock market opened higher in the morning: the Hang Seng Index rose 1.02%, Hang Seng Technology rose 1.74%, and the Hang Seng State-owned Enterprises rose 0.96%. The Hong Kong stock market remained hot in the morning, with Hang Seng Technology rising to 2.6% intraday, led by Kuaishou, Meituan and Weilai.
Non-ferrous metals and coal fell, and the northern copper industry fell to the limit
On the morning of April 23, cyclical stocks fluctuated lower, with non-ferrous metals, coal, petroleum and petrochemical, steel and other sectors leading the decline.
In terms of individual stocks, Northern Copper opened with a one-word limit, and many stocks such as Zhongfu Industrial, Zhuye Group, Feinan Resources, and Tengyuan Cobalt followed suit.
Gold stocks were sluggish, Laishen Tongling fell for two consecutive days, and Yintai Gold, Sichuan Gold, Mancaron and other stocks fell more than 4%.
In the morning, the futures market fell simultaneously, with Shanghai gold, Shanghai silver, and Shanghai tin all falling significantly.
Yesterday evening, international gold and silver prices fell sharply, and the U.S. stock gold sector generally fell, and the sentiment spread to the domestic market.
In terms of coal stocks, Orchid Science and Technology fell to the limit, Shanxi Coking approached the limit line, and Panjiang shares, Huayang shares, and Shanmei International were among the top decliners.
Yesterday evening, Orchid Science and Technology Innovation and Shanxi Coking both announced their results for the first quarter of 2024. Among them, Orchid Science and Technology achieved operating income of 2.262 billion yuan in the first quarter, a year-on-year decrease of 25.03%, and a net profit attributable to the parent company of 135 million yuan, a year-on-year decrease of 82.55%. The operating income of Shanxi Coking in the first quarter was 1.821 billion yuan, a year-on-year decrease of 26.18%, and the net profit attributable to the parent company was 65.8248 million yuan, a year-on-year decrease of 91.37%.
Tea Baidao broke down more than 30% on the first day of listing
On April 23, Chabaidao opened at HK$15.74 per share on the first day of listing, down 10.06%. After the opening, the stock price continued to fall, reaching a minimum of HK$11.9 per share, a decrease of 32%.
Currently, #茶百道上市#的词条已登上微博热搜.
As the first new tea drink to be listed in 2024, the listing of Chabaidao on the Hong Kong stock market has attracted wide attention. According to the results of the IPO, its international offering was subscribed 1.11 times, and the offer price was set at HK$17.5 per share, raising a total of HK$2.586 billion from the global offering. In terms of the amount of funds raised, Chabaidao is the largest IPO of Hong Kong stocks this year.
According to the prospectus, from 2021 to 2023, the revenue of tea Baidao will be 3.64 billion yuan, 4.23 billion yuan and 5.70 billion yuan respectively, with a compound annual growth rate of 25.1%. In terms of profitability, from 2021 to 2023, the adjusted net profit of Chabaidao will be 900 million yuan, 970 million yuan, and 1.26 billion yuan respectively, with a compound annual growth rate of 18.2%.
In terms of retail sales in 2023, Chabaidao ranked third in China's ready-made tea shop market with a share of 6.8%. As of April 5, 2024, the number of tea Baidao stores has reached 8,016, covering 31 provinces across the country, achieving full coverage of all provinces and tier-level cities.
During the "315" period, some media reported on the chaos of bubble tea shops, which mentioned that two stores in Wuhan and Changsha violated the company's regulations and changed the labels of raw materials without authorization. In this regard, on March 20, Chabaidao posted a response on its official Weibo, admitting that the relevant stores had violated the company's regulations and changed the labels of the taste period of raw materials without authorization, and apologized to consumers.
Lei Jun recently announced that the 2024 Xiaomi SU7 delivery target will exceed 100,000 units
On April 23, Lu Weibing, president of Xiaomi Group and general manager of Xiaomi brand, posted on Weibo: Lei Jun announced at the Xiaomi investor conference that as of April 20, the number of Xiaomi SU7 locked orders has exceeded 70,000 units. In 2024, the Xiaomi SU7 delivery target will exceed 100,000 units.
Yesterday, Lei Jun also posted on Weibo that the current production capacity and delivery speed of Xiaomi SU7 are increasing rapidly, and the standard version and Max have been delivered ahead of schedule.
Editor: Joey
Review: Xu Wen
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