Edited by: Chen Pengcheng, Wang Xiaobo
NO.1 Market News
U.S. stocks opened higher, and the three major indexes collectively closed higher. The Dow rose 263 points, or 0.69%, the Nasdaq rose 245 points, or 1.59%, and the S&P 500 rose 1.2%. Large technology stocks rose, Netflix rose more than 4%, Nvidia rose more than 3%, Meta rose more than 2%, Tesla, Microsoft, Google, Amazon rose more than 1%, and Apple rose slightly. Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index rose 1.96%. Futu Holdings rose more than 11%, iQiyi rose more than 6%, Tencent Music rose more than 4%, Pinduoduo and Full Bang rose more than 3%, Xpeng Motors, Alibaba, and JD.com rose more than 2%, Vipshop, Baidu rose more than 1%, and Weilai and Weibo rose slightly. Bilibili fell more than 2%, NetEase fell more than 1%, and Li Auto fell slightly.
International precious metals futures closed mixed, with COMEX gold futures down 0.46% at $2,335.7 an ounce and COMEX silver futures up 0.39% at $27.35 an ounce.
International oil prices rose across the board, with the June contract for U.S. oil rising 1.83% to $83.40 per barrel. Brent oil June contract rose 1.67% to $88.45 a barrel.
The preliminary S&P Global Manufacturing PMI in April was 49.9, a four-month low, and the preliminary S&P Global Composite PMI in April was 50.9, a four-month low. The Eurozone's preliminary composite PMI recorded 51.4 in April, the highest in 11 months.
Major European stock indexes collectively closed higher, with the German DAX 30 up 1.61%, the British FTSE 100 up 0.22%, the French CAC 40 up 0.81%, and the Euro Stoxx 50 up 1.43%.
NO.2 Farmers have to pay money before planting?
On April 22, according to the "China Three Rural Release", a number of growers in Kailu County, Inner Mongolia Autonomous Region, reported that some town and village cadres prevented them from farming in the fields, and they had to pay money for farming, and they had signed land contracts before. This incident has aroused widespread concern among netizens. On April 23, the local government issued a circular in response to the problems of "strange supplementary contract fees", the problems of "blocking and not allowing farming", and the problems of individual grassroots cadres with an arrogant attitude and rude language towards the masses. According to the circular, the Kailu County Party Committee has dismissed the deputy secretary of the town's party committee.
NO.3 The screening of local government special bond projects in 2024 has been completed
Recently, the National Development and Reform Commission and the Ministry of Finance completed the screening of local government special bond projects in 2024, and a total of about 38,000 special bond projects were screened and approved, and the demand for special bonds in 2024 was about 5.9 trillion yuan, laying a solid project foundation for the issuance and use of 3.9 trillion yuan of special bonds this year. Among them, in accordance with the working mechanism and division of responsibilities of local government special bonds specified by the Party Central Committee and the State Council, the National Development and Reform Commission will review and check the investment fields and preliminary work of the project, and the Ministry of Finance will review and check the balance of project financing income. In the next step, the focus should be on urging and guiding all localities to strictly grasp the quality requirements of the project, effectively accelerate the progress of project construction and the use of funds, promote the formation of physical workload as soon as possible, and actively expand effective investment. (National Development and Reform Commission WeChat public account)
NO.4 The head of the relevant department of the central bank talks about the trend of long-term treasury bond yields
Long-term Treasury yields have continued to decline recently, with the 30-year yield falling below 2.5%. The People's Bank of China mentioned in a press release of the regular meeting of the Monetary Policy Committee in the first quarter that "in the process of economic recovery, we should also pay attention to changes in long-term yields". How to view the trend of long-term treasury bond yields, recently, the Financial Times reporter interviewed the head of the relevant department of the People's Bank of China. The person in charge believes that long-term government bond yields will generally operate within a reasonable range that matches long-term economic growth expectations. Long-term Treasury yields primarily reflect expectations for long-term economic growth and inflation, but are also subject to disruptions by other factors such as supply and demand. Theoretically, fixed-rate long-term bonds have a long duration and are more sensitive to interest rate fluctuations, so investors need to pay close attention to interest rate risk.
NO.5 The Cyberspace Administration of China launched a special action
On April 23, according to the WeChat official account of China and the Central Cyberspace Administration of China, from now on, a two-month special action of "Clear and Clear, Rectify 'Self-Media' No Bottom Line Bo Traffic" will be launched nationwide. Focus on the "self-media" that have no bottom line to create hot spots, create prominent problems such as "information traps" that confuse the real with the false, and mix the real with the false, and strictly rectify the "self-media" that ignore the public interest, violate public order and good customs, disrupt public order, and do whatever it takes for the sake of traffic and lose the bottom line.
NO.6被曝艺考时作弊,500万粉丝网红致歉
On the morning of April 23, a blogger broke the news that Li Moumou, an Internet celebrity with more than 5 million fans on a certain platform, cheated when he participated in the Beijing Film Academy exam, "Investigating the on-site video of the exam, it was indeed found that Li Moumou cheated in the exam, and Nortel will cancel Li Moumou's qualification and certificate for the Nortel exam." The blogger also said in the comment section that the Beijing Municipal Education Commission has supervised Nortel's investigation of the matter. On the afternoon of the 23rd, the staff of the Beijing Municipal Education Commission told Jimu News that after preliminary verification, Li Moumou disclosed his name during the professional examination, and the school has dealt with it in accordance with the relevant enrollment measures and disciplinary procedures. On the evening of April 23, the party Li Minxuan issued a video apology and responded to relevant questions. Li Minxuan said in the video that he did not carefully check the content of the re-examination candidates of the Beijing Film Academy in advance, and wore a green physical uniform, "I really didn't realize that I had violated the rules at that time." In the self-introduction session, I was too nervous to give my name. She also revealed that she had given up applying for the Beijing Film Academy.
NO.7 The results of the selection of insulin continuous procurement were announced, and the winning rate reached 92%
On April 23, the bid for the continuous procurement of insulin was opened at the Hongqiao Hotel in Shanghai, which was the first time that the National Drug Joint Procurement Office of the State Organization launched the continuous national procurement. There are about 10 million diabetic patients in China who use insulin, and this renewal is related to their drug use. More than 35,000 medical institutions across the country participated in this continuous procurement, and the demand for insulin exceeded 240 million. A total of 53 products from 13 companies participated in this continuous procurement, and 49 products were qualified for selection, with a winning rate of 92%, and the winning price was stable and decreased, which was reduced by 3.8 percentage points on the basis of the first round of centralized procurement price reduction. The reporter of "Daily Economic News" noticed at the scene that a total of 13 companies submitted materials this time, and the earliest "submission" was Hefei Tianmai Biotechnology Development Co., Ltd. and Huisheng Biopharmaceutical Co., Ltd. At 9:44, I saw the representatives of Tonghua Dongbao coming in a hurry.
NO.8 The Football Association requires the organizer to inform the stars of the terms of appearance before selling tickets
On April 23, the Chinese Football Association released the revised "Regulations for the Filing and Supervision of International Events of the Chinese Football Association" on its official website. According to the regulations, for international A-level matches not hosted by the Chinese Football Association, the tournament organizer shall organize and contact the team to participate in the competition through a FIFA-certified event agent, and file it with the Chinese Football Association. Before the event is approved by the international organization, the organizer of the sports event shall not carry out any form of ticket sales and ticket pre-sale. Organizers of sporting events should improve the ticketing terms and conditions, inform the public of the terms and conditions of the main stars and the handling plan in case of breach of contract before the ticketing is launched, and specify the relevant plan in the ticketing plan (ticketing conditions). (Zhongxin Sports)
NO.9 26 people were killed and 42 people were held accountable in a major fire
Shanxi Luliang Yongju Coal Industry "11.16" major fire accident investigation report was released to the public on April 23. According to the report, the Shanxi Provincial Public Security Bureau has taken criminal coercive measures against 18 enterprise personnel suspected of violating the law and committing crimes, including the actual person in charge of Yongju Coal Industry. The Shanxi Provincial Discipline Inspection and Supervision Organs strictly held accountable 42 public officials of the Party committees and governments of Luliang City, Lishi District, and Chengbei Sub-districts, as well as the departments of energy, housing and construction, fire rescue, natural resources, emergency management, and mine supervision, in accordance with regulations, discipline, and law. (Xinhua News Agency)
NO.10 International News
Russian Defense Minister: Since the start of the special military operation, the Ukrainian army has lost nearly 500,000 people
On April 23, local time, Russian Defense Minister Sergei Shoigu said that since the start of the special military operation, the Ukrainian army has lost nearly 500,000 people.
The United States announced sanctions against 2 entities and 4 individuals associated with Iran
On April 23, local time, the U.S. Department of the Treasury's Office of Foreign Assets Control announced sanctions against two companies and four individuals involved in malicious cyber activities on behalf of Iran's Islamic Revolutionary Guard Corps Cyber Electronic Command (IRGC-CEC). According to a statement issued by the U.S. Treasury Department, the sanctions targeted malicious cyberattacks on more than a dozen U.S. companies and government entities. In addition, in conjunction with the day's sanctions, the U.S. Department of Justice and the FBI will also file a lawsuit against the four individuals for malicious cyberattacks against U.S. entities.
Russian Deputy Defense Minister Ivanov was arrested on suspicion of accepting bribes
On April 23, local time, the Russian Investigative Committee reported that Russian Deputy Defense Minister Timur Ivanov was arrested on suspicion of accepting bribes. According to TASS, Ivanov may be suspected of accepting bribes of at least 1 million rubles and faces up to 15 years in prison.
A plane crashed into a river in Alaska, USA, and the casualties are unknown
According to the Associated Press, on April 23, local time, a Douglas DC-4 passenger plane crashed into the Tanana River near Fairbanks, Alaska, USA. Alaska police issued a statement confirming the accident and said people should avoid the crash area. It is not known how many people were on board. (CCTV News)
NO.1 and I don't think it's a good way to do it.
Huawei: On the afternoon of April 23, Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of the Board of Directors of Intelligent Vehicle Solution BU, said at the press conference of the new M5 that the price of the new M5 starts at 249,800 yuan. According to reports, the new M5 will be delivered in batches from May 15. In addition, Yu Chengdong said at the press conference of the new M5 that Hongmeng Zhixing and BAIC New Energy have built its first executive-level luxury flagship sedan Xiangjie S9. It is worth mentioning that according to Counterpoint's weekly report on mobile phone sales, China's smartphone sales in the first quarter of 2024 increased by 1.5% year-on-year, achieving positive year-on-year growth for the second consecutive quarter. Huawei stood out among all mobile phone brands in the first quarter, with a year-on-year increase of 69.7%.
NO.2 Tianqi Lithium expects a net loss of 3.6 billion yuan ~ 4.3 billion yuan in the first quarter
Tianqi Lithium (SZ002466, share price 45.14 yuan, market value 74.085 billion yuan): Tianqi Lithium announced on the evening of April 23 that it expects a net loss of 3.6 billion yuan to 4.3 billion yuan in the first quarter, and a net profit of 4.875 billion yuan in the same period last year. Affected by the fluctuation of the lithium product market, the sales price of the company's lithium products decreased significantly compared with the same period last year, and the gross profit of lithium products decreased significantly, and the first quarter performance of the company's important associate company SQM is expected to decline sharply year-on-year, so the company's investment income in the associated company recognized in the reporting period decreased significantly compared with the same period last year. In addition, the Shenzhen Stock Exchange issued a letter of concern to Tianqi Lithium, requiring a quantitative analysis of the reasons for the significant increase in losses in the first quarter of 2024 compared with the fourth quarter of 2023 in combination with the specific changes in factors such as the development of the main business, product production and sales, product prices, raw material purchase prices, costs and expenses, and impairment provisions, and explain whether there is a risk of sustained losses.
Comment: Tianqi Lithium's losses illustrate the challenges of the lithium industry in the current market environment. Lithium is an important raw material for the new energy industry, and this loss may affect the company's market position and competitiveness.
NO.3 (0.0000 𑁁sU77ᬻ𑁁ᬀ𑁁𑁁𐿬ᬀ𑁁s 10%
Xiaomi Group-W (HK01810, share price of HK$16.18, market value HK$403.7 billion): On April 23, Lei Jun, founder, chairman and CEO of Xiaomi, said at the Xiaomi Group Investor Conference that it is expected that the gross profit margin of Xiaomi SU7 will be 5%~10%, "The sales volume on April 23 is much larger than expected, and we still need to carefully calculate the specific figures." Lei Jun also said that the current annual budget of the intelligent driving team is about 1.5 billion yuan, about more than 1,000 engineers, and the next stage will be expanded to 1,500 people this year and 2,000 people next year, further increasing investment in intelligent driving. In terms of overseas market planning, Lei Jun said that in terms of business deployment, it will focus 100% on the domestic market in the next three years, and doing a good job in the Chinese market is the first step for Xiaomi Auto.
Comments: The sales of the Xiaomi SU7 exceeded expectations, showing consumer recognition and demand for smart cars.
NO.4 Apple announced the latest supplier list
Apple (AAPL, stock price $166.82, market capitalization $2,576 billion): Recently, Apple Inc. announced a list of suppliers for fiscal year 2023 on its official website, which includes 98% of Apple's direct spending on global product materials, manufacturing and assembly in fiscal year 2023. The reporter of "Daily Economic News" sorted out and found that the Chinese companies newly included in Apple's supply chain in fiscal year 2023 include: Baoti Co., Ltd., Jiuquan Iron and Steel, Zhongshi Weiye Technology, Kaicheng Technology, San'an Optoelectronics, Boshuo Technology, Tony Electronics, Zhenghe Group, Nandian and Golden Arrow Printing Group. The excluded companies are Jiangsu Jingyan Technology, DEREN Electronics, Profit Time, and Novatek. Others, such as memory manufacturer Nanyake, connector manufacturer Jiaze Terminal, Titan Technology, etc., are also not on the list.
Comments: As a world-renowned technology company, Apple's supplier list is of great significance to the industry and market.
NO.5 Tesla's first-quarter report was worse than expected, but it reiterated that it will accelerate the launch of cheap models
Tesla (TSLA, stock price $144.61, market capitalization $460.6 billion): After the U.S. stock market on April 23, Tesla released its financial report for the first quarter of 2024, showing that Tesla's revenue in the first quarter fell 9% year-on-year to $21.3 billion, lower than the market expectation of $22.3 billion, which is not only the first year-on-year decline in nearly four years since the new crown epidemic disrupted operations in the second quarter of 2020, but also the largest decline since 2012, down more than 15% from $25.17 billion in the fourth quarter of last year. Net profit fell 55% year-on-year to $1.13 billion, compared to the consensus of $1.9 billion. The company reiterated its pessimistic forecast of "slower" vehicle sales growth this year, but said it would accelerate the introduction of cheaper new models and increase investment in AI. In addition, Tesla's official website shows that a new high-performance version of the compact sedan Model 3 will be launched in the United States, priced at $52,990. Tesla's U.S. stock rose 10% after hours.
NO.6 more than 100,000 people!
Nongfu Spring (HK09633, share price 44.3 Hong Kong dollars, market value 498.218 billion Hong Kong dollars): On April 23, a reporter from Beijing Business Daily learned that Nongfu Spring launched green bottled drinking pure water. Unlike red bottled water, the green package says "purified water for drinking" and the red package says "natural water for drinking". In the promotional map, the net content of green bottled drinking pure water is 550ml, and the slogan follows the classic advertising slogan of Nongfu Spring "Nongfu Spring is a little sweet", and the water sources include Fanjing Mountain in Guizhou, Manas in Tianshan Mountain in Xinjiang, Daming Mountain in Guangxi, Bodhi Peak in Changbai Mountain, Emei Mountain in Sichuan, underwater deep in Wanlv Lake, underwater deep in Qiandao Lake, underwater deep in Danjiangkou, Taibai Mountain in Shaanxi, and Wuyi Mountain in Fujian.
Comments: This initiative will help Nongfu Spring further consolidate its leading position in the drinking water market.
NO.7 Xpeng Motors responded to the employee's cooperation with the investigation
Xpeng Motors (XPEV, stock price $7.18, market capitalization $6.8 billion): On April 23, Xpeng Motors posted on Weibo that we have noticed media reports on the cooperation of Xpeng Motors employees with the investigation, and the information is explained as follows: 1. Hebei police have recently carried out operations to crack down on online trolls, and Xpeng Motors is also actively cooperating with the police in the investigation of suppliers. The case is in the investigation stage, so please do not believe or spread rumors, and do not affect the investigation and handling of the case by the public security organs. 2. Xpeng Motors is very supportive of the police's action to crack down on cyber trolls. Since its launch, Xpeng X9 has also been widely attacked by cyber trolls, with more than 5,000 negative reports. In response to such an attack by the trolls, Xpeng Motors has collected evidence and reported the case to the public security organs, which have now accepted it. We will also disclose updated information to the public in a timely manner.
Comments: This matter has a certain impact on the company's reputation and brand image, and also reminds other companies to strengthen the crackdown and prevention of cyber trolls.
NO.8 Yang Zhilin cashed out tens of millions of dollars?
The Dark Side of the Moon: Recently, there have been many rumors in the market about the dark side of the Moon. Jiemian News said that after the completion of the last round of financing, Yang Zhilin, the founder of the dark side of the moon, has cashed out tens of millions of dollars by selling his personal shares, and "the founder and related personnel have cashed out $40 million." At the same time, there are also market rumors that Zhang Yutong, the former managing partner of GSR Ventures, who participated in the investment of Yang Zhilin's first entrepreneurial project "Circular Intelligence", has left GSR Ventures and will join the dark side of the moon. For the above two rumors, on April 23, the dark side of the moon responded to the reporter of the "Daily Economic News" one by one, saying that the news of the founder's cash-out was untrue, and the dark side of the moon had previously announced the employee incentive plan;
Comment: This news is important for the dark side of the moon, affecting the market's trust in the company, and also has an impact on Yang Zhilin's personal image.
NO.9 Ideal Auto: Ideal L6 will not reduce in price
Li Auto-W (HK02015, stock price 98.35 Hong Kong dollars, market value 195.9 billion Hong Kong dollars): On the evening of April 23, Li Auto updated the latest issue of "Ideal L6 Answers Popular Questions from Netizens". Regarding whether the ideal L6 will follow the price reduction of the ideal L7, L8, L9, and the ideal MEGA, Li Auto said that the ideal L6 will not reduce the price. The Ideal L6 adopts a new pricing system, "we did it in one step when it was released, and the final price is 249,800 yuan." The Ideal L6 will not involve a secondary price adjustment. In addition, regarding whether the 2024 Ideal L7 and Ideal L8 will launch an Air version, Li Auto said that the Ideal L7 and Ideal L8 will not launch Air models again.
Comments: By announcing that there will be no price cuts and the launch of the Air version, Li Auto has shown its adherence to product positioning and brand value.
NO.10 10.
Haidilao (HK06862, share price HK$16.64, market value HK$92.751 billion): On April 23, the relevant person in charge of Haidilao responded that it was rumored on the Internet that Haidilao launched a primary school homework tutoring service, which is a learning space provided by Vanke Plaza Store in Foshan, Guangdong Province for children with learning needs during the meal process. Previously, online pictures showed that Haidilao Foshan Nanhai Vanke Plaza Store provides primary school homework tutoring services from 17:00 to 21:00 from Monday to Thursday afternoon, except for statutory holidays, only for children who eat on the same day. (Sino-Singapore Jingwei)
Comments: Haidilao used this incident to demonstrate its attitude of paying attention to customer needs and innovating services.
Investment interactions
On April 23, northbound funds sold a net of 2.996 billion yuan. Among them, the Shanghai Stock Connect net bought 232 million yuan, and the Shenzhen Stock Connect net sold 3.228 billion yuan. In the list of stocks with active northbound capital transactions, a total of 11 stocks were net purchased, and the largest amount was Zijin Mining (601899. SH, closing price: 17.04 yuan), a net purchase of 459.8 million yuan, a total of 9 net selling stocks, the largest amount is Midea Group (000333.SZ, closing price: 68.39 yuan), net selling 370.0 million yuan.
On April 23, southbound funds bought a net of HK$2.340 billion. In the list of stocks with active trading of southbound funds, there were 8 net buying stocks, and the largest amount was Bank of China (3988. HK, closing price: HK$3.44), net buying of HK$696.4 million, and net selling of 5 stocks, with the largest amount being HSBC Holdings (0005.HK, closing price: HK$64.25), net selling of HK$562.0 million.
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Reporter: Chen Qing
Edited by: Chen Pengcheng, Wang Xiaobo
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily