Head of the relevant department of the central bank: Treasury bonds can be used as monetary policy reserves
The head of the relevant department of the central bank said in an interview that the central bank can carry out treasury bond trading in the secondary market, which can be used as a liquidity management method and a reserve of monetary policy tools. The mainland government bond market has ranked third in the world, and its liquidity has increased significantly, which makes it possible for the central bank to carry out treasury bond cash bond trading operations in the secondary market.
Central Bank: Long-term Treasury yields will operate within a reasonable range that matches long-term economic growth expectations
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 Cyberspace Administration of China launched a special action to rectify the bottomless traffic of "self-media".
The Cyberspace Administration of China (CAC) issued a notice on carrying out the special action of "Clear and Clear, Rectifying 'Self-Media' Without Bottom Line and Traffic". Focusing on the "self-media" bottomless hot spots, creating "information traps" that are mixed with the real and the false, the main tasks include: 1. Strengthen the management of key platforms and key links, 2. Strengthen the whole-process management of "self-media" accounts, 3. Strengthen the labeling and display of information sources, and 4. Improve traffic management measures.
The results of insulin procurement were announced: the price dropped by 3.8 percentage points compared with the first round
A total of 53 products from 13 companies participated in this continuous procurement, and 49 products were qualified to be selected, with a winning rate of 92%, and the results of continuous procurement will be implemented nationwide in May. The price of the selected price in this continuous procurement decreased steadily, and it decreased by 3.8% on the basis of the price reduction in the first round of centralized procurement.
The price of the new M5 was announced, Yu Chengdong: It's too rolly! Less than 300,000 yuan is sold at a loss
The price of the new M5 starts at 249,800 yuan, and it will be delivered in batches from May 15. Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of Intelligent Vehicle Solution BU, posted on social platforms that Huawei's high-end intelligent driving with a price of less than 300,000 yuan is actually sold at a loss. In addition, Huawei's new flagship brand STELATTO Xiangjie was officially released, and the first model Xiangjie S9 was jointly built by Huawei and BAIC, which is the first executive-level luxury flagship sedan of Hongmeng Zhixing, which will compete with BMW 7 Series, Audi A8 and other models. According to its disclosure, the Xiangjie S9 will be unveiled at the upcoming 2024 Beijing Auto Show and will be launched in July and August this year.
Lei Jun: The number of orders for Xiaomi Auto SU7 has exceeded 70,000 units
Lei Jun, founder, chairman and CEO of Xiaomi, said at the Xiaomi Group investor conference that the gross profit margin of Xiaomi SU7 is expected to be 5%-10%, and as of April 20, the number of Xiaomi SU7 orders locked exceeded 70,000 units, and at the same time announced that the delivery target of Xiaomi SU7 in 2024 will exceed 100,000 units.
Yang Zhilin, the founder of the dark side of the moon, cashed out tens of millions of dollars? Response: Untrue
According to market sources, 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. In response, the dark side of the moon responded that the above news was untrue, and the dark side of the moon had previously announced an employee incentive plan.
The first quarterly report of the public offering was released: Zijin Mining, Midea Group, and China Merchants Bank entered the top 10
The first quarter report of the public fund in 2024 has been fully disclosed, and the trend of the public fund's position adjustment has also been exposed. According to the data, as of the end of the first quarter of 2024, Kweichow Moutai and CATL have been the first and second largest heavy stocks, Zijin Mining, Midea Group, and China Merchants Bank have newly entered the top ten heavy stocks, and Wuliangye, Luzhou Laojiao, Hengrui Pharmaceutical, Mindray Medical, and Shanxi Fenjiu, these five stocks are still among the top ten heavy stocks.
In the first quarter, 22 companies were newly added and increased in pensions
With the disclosure of the first quarter reports of listed companies in 2024, pension holdings have gradually surfaced. As of April 23, the pension account has recently appeared in the list of the top ten circulating shareholders of 37 companies, of which 12 are new and 10 have increased their holdings. Among them, the largest proportion of pension account holdings and market value of holdings is Lanxiao Technology. In addition, the pension holds more than 100 million yuan of Betta Pharmaceutical, as well as Tianjian shares, Echo Optoelectronics, Jizhong Technology and other companies to obtain the favor of pensions, and the net profit attributable to the parent company of the three companies in the first quarter increased by more than 100% year-on-year.
UBS Upgrades Chinese Stocks to Overweight Upgrades A-shares and Hong Kong stocks to Overweight in the morning
UBS upgraded Chinese mainland and Hong Kong equities to overweight and Taiwan and South Korea equities to neutral. In addition, UBS upgraded Chinese stocks to overweight, saying that the consumer and internet sectors are highly weighted in the MSCI China Index and are expected to perform better as consumption shows initial signs of recovery.
Witness history! The country's industrial index plummeted by 99% and completely collapsed!
On April 8, the Zimbabwe Industrial Index fell directly from 1.1 million points to 101 points in one day, a decline of more than 99.99%. Over the past year, the index has soared, from 130,000 points to 2.92 million points, a 22-fold increase, making it the largest gainer among global stock markets. On the news, the Central Bank of Zimbabwe issued a new currency, "ZiG", pegged to gold, in order to save the collapsed exchange rate, replacing the Zimbabwean dollar, which has depreciated by 80% this year. The volume of the Zimbabwe stock market has fallen sharply since the launch of "ZiG", and the CEO of the Zimbabwe Stock Exchange said that people are not sure how to assess the value of "ZiG".
7 optical module listed companies released a quarterly report Zhongji Innolight, Tianfu Communication and Xinyisheng net profit increased by more than 200% year-on-year
As of press time, a total of 7 A-share optical module listed companies have released their first quarter reports for 2024, namely Zhongji Innolight, Tianfu Communication, Xinyisheng, Optical Library Technology, Cambridge Technology, Liante Technology and Mingpu Optomagnetic. Among them, the net profit of the "three musketeers" of optical modules, Zhongji Innolight, Tianfu Communication and Xinyisheng, increased by 303.84%, 202.68% and 200.96% year-on-year respectively, the net profit of optical library technology and Cambridge technology in the first quarter decreased by 58.1% and 63.69% year-on-year respectively, and the net profit of Liante Technology and Mingpu Optomagnetic Q1 turned into a loss year-on-year.
The high-level autonomous driving ChatGPT is approaching, and the end-to-end model may start to evolve rapidly
Shunsuke Aoki, chief technology officer of Japanese artificial intelligence startup Turing, said the company plans to test fully autonomous driving by 2025, much earlier than its initial predictions. He said the wave of generative AI has made AI-based autonomous driving technology develop much faster than expected. "The majority of who will emerge victorious in the field of fully autonomous driving technology will be determined in the next three to five years. ”
The development trend of "electrification" of automobiles has been set, and "intelligence" has just begun. Recently, a Tesla Chinese owner asked Musk on social media, "I look forward to Tesla's FSD (full self-driving) entering China as soon as possible, I don't know when it will be realized?When will the HW3.0 system be able to use 3D modeling images?When will the new reversing assistance be pushed to Tesla HW3.0 owners in China?", to which Musk replied, "It may be realized soon." According to the CITIC Securities research report, Tesla's end-to-end FSD V12 is gradually starting to be pushed to North American users on a large scale, and the ChatGPT moment of high-level autonomous driving is approaching, and the end-to-end model is expected to start rapid evolution. Chinese companies such as Xpeng, Huawei, and Li are actively following up on end-to-end models and are committed to promoting data collection and training computing power. 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 at the same time increase Tesla's revenue and profits. At the same time, the leading domestic OEMs, intelligent industrial chains and Tesla industrial chains are also expected to benefit.
Among the listed companies, Asia-Pacific Co., Ltd. (002284) as a first-class parts system supplier can provide customers with products and technologies including chassis system components, automotive electronics, brake-by-wire and in-wheel motors, and the company's brake-by-wire system and steer-by-wire can provide the best execution system solutions for vehicle intelligence and automatic driving.
Yitong Century (300310) provides China Unicom with IoT platform services, which provides enterprises with anomaly detection, tariff optimization and other services according to customer usage behavior. The service objects of the platform include international leading car manufacturers and domestic new car manufacturers, and Tesla is one of the users of this platform.
Ruida (688800) is an important supplier of new energy vehicle connector products of T Company in the United States, and the company has set up a factory in Mexico to serve customers nearby to meet the needs of customers in the localization of the supply chain.
The second phase of the Sino-Thai railway project was approved, and 13 construction contracts are expected to be tendered in 2025
Recently, the National Railway Administration of Thailand approved the second phase of the Sino-Thai Railway project with a cost of 341.4 billion baht (about 66.8 billion yuan). The director of Thailand's National Railways Authority, Niru Manipan, said the bureau will submit the construction plan for the 357-kilometre line to the Ministry of Transport and the Cabinet, according to the schedule, 13 construction contracts are expected to be tendered in 2025 and commercial operations are expected to begin in 2031.
It is reported that the China-Thailand railway will connect Kunming, China and Bangkok, Thailand in the future, which is a major project of China-Thailand high-speed railway cooperation and a landmark project of the "Belt and Road" cooperation. Thailand's first standard-gauge high-speed railway uses the Chinese standard "Fuxing" CR300AF EMU technology. GF Securities said that the construction of railway facilities is one of the key points of undertaking national infrastructure projects along the line, and the construction and operation have made good progress in recent years. As an important foundation for infrastructure and trade connectivity, significant progress has been made in the construction of a number of inter-regional and intercontinental railway networks in countries along the Belt and Road, led by the mainland. Changjiang Securities believes that rail transit equipment is expected to fully benefit from the "Belt and Road" demand boom.
Among the listed companies, Golden Eagle Heavy Industries (301048), as a rail engineering equipment manufacturing enterprise under China Railway Group, actively serves the national "One Belt, One Road" strategy. In 2022, it successfully won the bid for export projects such as Thailand's railway reconstruction project and Singapore's R176 north-south east-west line flat train project.
Tieke Railway (688569) products have been used in many overseas projects such as Jakarta-Bandung High-speed Railway, China-Laos Railway, China-Thailand Railway, Bangladesh Padma Bridge Railway Link Project, etc.
The Supercharging Alliance will be launched soon
On April 24, Huawei will hold two press conferences: the 2024 Huawei Intelligent Vehicle Solution Conference, and the 2024 Huawei Smart Electric & Intelligent Charging Network Strategy and New Product Launch Conference. According to the agenda of the meeting, the conference will also include the launch ceremony of the "Supercharging Alliance". Huawei Digital Power also released a separate push to build momentum for the "Supercharging Alliance".
According to the data of the Charging and Swapping Research Institute, the value of Huawei's 600KW fully liquid-cooled charging system is expected to be more than 600,000 yuan. Based on this, CITIC Securities estimates that the market space of Huawei's fully liquid-cooled supercharging pile is expected to exceed 60 billion yuan, which is divided according to the value, of which the market space corresponding to SiC power devices and liquid-cooled charging gun lines is expected to be 9 billion yuan and 4 billion yuan respectively.
Among the listed companies, the high-power liquid-cooled charging gun produced by Yonggui Electric (300351) can realize the extremely fast charging of electric vehicles and solve the problem of fast charging and heat dissipation, and the current current index can reach 600A.
The DC charging gun produced by Wall New Energy, a subsidiary of Wall Nuclear Materials (002130), has a high recognition and market share in the domestic market, and the high-power liquid-cooled charging gun has also been sold in batches.
Huawei Qingyun unveiled this solution, and the industry may become the best application scenario for AI implementation
Recently, the 83rd China Educational Equipment Exhibition was held in Chongqing International Expo Center, China, focusing on the latest development achievements of China's educational equipment industry. At the exhibition, HUAWEI Qingyun unveiled its multi-terminal integration of teaching, research and management, and all-scenario, full-link, and one-stack smart education solutions, which became one of the highlights of the exhibition.
Under the wave of digital transformation, the education industry is undergoing unprecedented changes, Galaxy Securities said that education is an important industry for the future, especially under the trend of AI ushering in technological breakthroughs and rapid development, the future changes in the demand for human resources in society and even the form of education itself will have major changes. Starting from the three major scenarios and four major business models of AI education, it is estimated that the domestic AI+ education market space exceeds 600 billion yuan. Among them, it is expected that a new round of digital education reform led by AI technology will drive 480 billion G-end investment per year, and in the ToC market, with the further maturity of large model technology, application-side content and products, the total market size of intelligent education service equipment and general artificial intelligence training is expected to contribute about 150 billion yuan.
Among the listed companies, Jayfa Education (300559), as Huawei's partner in the field of smart education and testing, was invited to participate in the Huawei 2024 China Partner Conference. At this meeting, the company and its partners jointly released the "Smart Exam Solution".
Chuanzhi Education (003032) has set up courses related to the field of artificial intelligence, with the goal of cultivating artificial intelligence AI development talents, covering computer vision, natural language processing, recommender systems, machine learning, deep learning, data mining, data analysis, knowledge graph, etc. The course combines theory and practice to cultivate students' ability to draw inferences from AI algorithms and the practical ability of enterprise business flows.
Action Education (605098) is positioned to "build a world-class effective management education institution", and its main business includes enterprise management education, management consulting services and sales of related books and audio-visual products.
Apple's supply chain is released! This titanium alloy leader was successfully selected
According to media reports, Apple announced the latest supply chain list on its official website. It is reported that Apple will add 8 Chinese mainland companies to its supply chain in 2023, namely Baoti Co., Ltd., Jiuquan Iron and Steel Co., Ltd., Zhongshi Weiye Technology, Kaicheng Technology, Sanan Optoelectronics, Boshuo Technology, Tony Electronics, Zhenghe Group; excluding 4 mainland enterprises, namely Jiangsu Jingyan Technology, Meiyingsen Group, Shenzhen Derun Electronics and profitable, the aforementioned supply chain list covers 98% of Apple's direct expenditure on global product materials, manufacturing and assembly that year.
CICC said that the expansion of Apple's industrial chain tends to fluctuate at the same frequency as the innovation cycle of the terminal, and the pace of capacity expansion of Apple's industrial chain companies is often relatively cautious in the context of relatively flat innovation momentum; at the same time, the industry's inventory level has shown marginal improvement, with the absolute value of the industry's inventory level in 3Q23 falling by 11% year-on-year, and the average inventory turnover days corresponding to a year-on-year decrease of 1%; Corresponding to the perspective of profitability, in the micro-innovation cycle from 2018 to 2020, the profitability of the fruit chain has an upward trend, and it tends to be stable at this stage. Similar to the assembly link, Apple's industrial chain cycle is gradually bottoming out, and the fruit chain is more focused on innovation rather than cycle, so it is recommended to wait for the inflection point of pulling goods and the pull of emerging terminals such as MR and AI mobile phones.
In terms of the company, Baoti Co., Ltd. (600456) is mainly engaged in the production, processing and sales of titanium and titanium alloys, and is the largest production and scientific research base of titanium and titanium alloys in China.
Tony Electronics (603595) products in the consumer electronics industry mainly include ultra-fine electronic wires, wireless charging magnetic insulation materials, the company is one of the eight new companies.
The number of Xiaomi car locks has exceeded 70,000 units, and the delivery target in 2024 will exceed 100,000 units
Lu Weibing, president of Xiaomi Group and general manager of Xiaomi brand, said that 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.
On the evening of March 28, Xiaomi's first car SU7 was officially released, the new car is positioned as a C-class luxury technology sedan, and the mass production models include SU7, SU7Pro, SU7Max 3 versions, with prices of 215,900, 245,900 and 299,900 respectively. Cinda Securities Research Report believes that Xiaomi Auto is expected to become an important member of the new force, and its advantages lie in brand effect, intelligence, ecological synergy and channel layout. In addition, with the implementation of trade-in policies such as trade-in, it is expected to continue to drive new car sales and the auto aftermarket, and it is optimistic that the auto sector will continue to rise from April. In 2024, China's auto market is expected to maintain a steady upward trend at the total volume level, driven by factors such as stable domestic demand, supply opening, and export growth.
Among the listed companies, Mould Technology (000700) is mainly engaged in the development, production and sales of automotive exterior parts such as bumpers, and is a leading supplier of automotive exterior parts system services in China. BAIC Mould & Plastic (49%) is a supplier to Xiaomi.
Hitech (301022) said on the interactive platform that the company provided Xiaomi Auto with a plastic mold.
Zhijie S7 will make its world premiere of commercial parking in June, focusing on investment opportunities in the intelligent driving industry chain
According to media reports, at the new M5 press conference on April 23, Huawei's Yu Chengdong also mentioned information about Zhijie S7. He said that Zhijie S7 has high-end intelligent driving that can be enjoyed when you pick up the car, equipped with 192 lines of mass production of the highest specification lidar, to achieve more than 40,000 cities and towns across the country to open at will, and announced that Zhijie S7 will be the world's first commercial parking VPD in June, to achieve "find your own parking space and park yourself".
According to reports, the Zhijie S7 equipped with Huawei's visual intelligent driving solution——HUAWEI ADS will support vehicles to find parking spaces and park in independently, and after the parking spaces are occupied, they can intelligently find other parking spaces, and can independently complete complex scenarios such as reversing avoidance, meeting vehicles, and avoiding pedestrians, and support one-click summoning of mobile phones to realize car finding. Analysts believe that the domestic high-end intelligent driving welcomes the multiple benefits of the policy side + the industry end + the cost side, and the industrial progress is expected to accelerate.
Jieshun Technology (002609) and Huawei have jointly created the JieParking meta-service developed based on the HarmonyOS API, which has covered 43,000 smart networked parking lots in 386 cities across the country and served more than 120 million car owners.
Runhe Software (300339) has a comprehensive ecosystem cooperation with Huawei, and the company is actively deploying in automotive intelligence fields such as autonomous driving and intelligent cockpits.
The new sodium-ion battery is expected to replace the lithium battery industry, and it is expected to cross the threshold of "GW-level shipments" this year
Recently, a research team led by Professor Jeung Ku Kang of the Department of Materials Science and Engineering at the Korea Advanced Institute of Science and Technology (KAIST) has successfully developed a fast-charging high-energy, high-power hybrid sodium-ion battery that can be fully charged in seconds. The research results were published in the top academic journal Energy Storage Materials, and this innovative hybrid energy storage system combines the anode material used in traditional batteries with the cathode material used in supercapacitors, so that the battery can not only achieve large-capacity storage, but also be able to charge and discharge quickly, which is expected to be a viable alternative to lithium-ion batteries.
Sodium battery has the characteristics of wide temperature performance, high cycle efficiency life and conversion efficiency, in low-speed vehicles, energy storage and other application scenarios, lithium batteries can be replaced, Chery, JAC, Yadea, Emma and other A00 cars and two-wheeled vehicles have officially announced new sodium electric products. In recent years, the sodium battery market has been booming, with as many as 29 new projects signed in battery R&D, manufacturing and pack links alone, with a planned production capacity of more than 290 GWh and a total investment of more than 114 billion yuan. With the continuous upgrading and breakthrough of technology, the future prospects of the sodium battery industry are promising. This year, the sodium battery industry will cross the threshold of "GW-level shipments" and reach a scale of 3 GWh to 5 GWh, while last year's shipments were only about 0.2 GWh.
The sodium-ion batteries of Transart Technology (002866) have the advantages of high safety, excellent thermal stability, high rate charging, high low temperature discharge rate, and high cost performance, and can be widely used in A00 class vehicles, small power vehicles, power tools, energy storage and other fields.
Haike Xinyuan (301292) company's electrolyte solvent products can be used in the field of sodium-ion batteries.
Meta opens its operating system to third parties and the development of the XR industry is expected to accelerate
According to reports, Meta recently said that it will open its Quest headset operating system to rival device makers, including Microsoft, for the first time in order to expand the company's influence in the emerging virtual reality (VR) and mixed reality (MR) industries. In the past, Meta's Quest operating system used a closed model similar to Apple's, but now the company has decided to move it to a more open Android model to encourage other hardware manufacturers to leverage Meta's platform to co-develop XR devices.
Since 2023, a number of new products from major manufacturers have been launched one after another, including Meta's Quest3, Apple MR, etc., and the release of new products is expected to enhance the market's recognition and acceptance of XR products, promote the maturity of the XR product supply chain and the popularization of application scenarios. With the entry of giants such as Apple into the XR industry and the acceleration of the development of the content industry led by AIGC technology, the future prospects of the XR business are promising.
A-share related concept stocks mainly include Weishi Electronics (605218), Jinlong Electromechanical (300032) and so on.
The Brain-Computer Interface Innovation Forum will be held with tech giants vying for layout
According to reports, it was learned from the Brain-Computer Interface Industry Alliance that at the 2024 Zhongguancun Forum, the Brain-Computer Interface Innovation Development and Application Forum hosted by the Ministry of Industry and Information Technology and the Beijing Municipal People's Government will be held on April 26. The forum will focus on the latest progress of brain-computer interface, with the goal of promoting the vigorous development of the industry, from the implantable and non-implantable paths, focusing on clinical trials and industry applications, exploring the infinite possibilities of brain-computer interfaces, and sharing scenario applications in medical, consumer, industrial, education and other fields. At the same time, a number of achievements will be released, such as the "Chinese Expert Consensus on the Implementation and Management of Clinical Research on Brain-Computer Interface for Nervous System Diseases".
Musk said that the plan for the next five years is to allow humans to communicate directly through their brains without using language. In the future, people's consciousness can be uploaded to a cloud space with the help of brain-computer interfaces, and finally realize the "immortality of consciousness" of human beings. Not only Musk's company, but also giants at home and abroad, such as Huawei, Google, and Meta, have laid out in this field. Brain-computer interface is essentially a mode of interaction, and it is expected to become the next generation of human-computer interaction technology. According to authoritative reports, the global market size of brain-computer interfaces from 2030 to 2040 will be between 70 billion and 200 billion US dollars per year.
A-share related concept stocks mainly include innovative medical (002173), Hanwei Technology (300007), etc.
Adopt pragmatic measures to promote the establishment of the social credit system to a higher level
According to the National Development and Reform Commission, on April 19, the National Development and Reform Commission and the People's Bank of China jointly held an inter-ministerial joint meeting on the establishment of a social credit system. The meeting emphasized that practical measures should be taken to promote the establishment of the social credit system to a higher level, focusing on six aspects of work. First, it is necessary to accelerate the advancement of credit legislation. Promote the promulgation of the "Law on the Establishment of Social Credit" as soon as possible, increasing the level of legalization in the establishment of the social credit system. The second is to strengthen overall planning for the establishment of the social credit system. The third is to strengthen the sharing and application of credit information, and accelerate the integration of local financing credit service platforms. Fourth, complete credit restoration systems. Fifth, improve the efficiency of credit supervision.
A-share related concept stocks mainly include Xinguodu (300130), Yinzhijie (300085), etc.
The "strongest AI chip" is expected to be mass-produced in September, and the PCB industry chain welcomes the opportunity
According to Jiwei network news, Quanta, a major electronic foundry manufacturer, said that servers equipped with Nvidia GB200 are expected to be mass-produced in September. The GB200 is the next generation of GPUs launched by NVIDIA and is expected to be a major driving force for the high-end GPU product line. At present, large language models continue to be trained around the world, and the demand for AI servers and chips continues to grow. Quanta expects that the proportion of AI server revenue will jump from 20% last year to more than 50% this year.
GF Securities Research Institute believes that compared with traditional servers, AI servers are equipped with GPU modules. The value of a single GPUPCB in GB200 is expected to increase, which will increase the performance of the PCB board and the value of the single machine from three aspects: the increase in the PCB area, the increase in the number of layers, and the improvement of the supporting CCL material standard. HDI technology can further reduce the routing space and component spacing on the PCB, improving the integration and performance of the server. Domestic manufacturers have obvious competitive advantages.
Victory Giant Technology (300476) has accumulated deep high-end graphics card PCB technology, and its 5-tier 20-layer HDI products have passed the certification and achieved mass production;
Shanghai Electric Co., Ltd. (002463) The performance in the first quarter is close to the upper limit of the guidance, and the company is the leading customer in the field of computing power in Europe and the United States, and the proportion of high-multilayer boards, HDI and high-speed boards for 400G/800G switches and AI servers is expected to increase significantly.
The decline in fuel costs and the increase in electricity consumption have greatly increased the performance of thermal power faucets
Huaneng International (600011) announced on the evening of the 23rd that the company's operating income in the first quarter was 65.367 billion yuan, a year-on-year increase of 0.15%; The net profit was 4.596 billion yuan, a year-on-year increase of 104.25%, mainly due to the year-on-year decrease in fuel cost and year-on-year increase in electricity of domestic business units
Changjiang Securities Research Institute believes that for coal prices, after the rise last Monday and last Tuesday, the midweek has shown a peak trend, and some spot coal price indices fell again on Friday, and the price of Bohai Rim thermal coal Q5500K fell by 2 yuan/ton month-on-month, and coal prices continued to rise and lacked strong support. In addition, the call for "carbon neutrality" and the reform of the electricity market will run through the entire "14th Five-Year Plan" period, and the intrinsic value of power operators will be comprehensively revalued. Looking at the steady decline in coal prices brought about by the optimization of the supply and demand pattern, it is expected to catalyze the marginal improvement of thermal power enterprises.
In terms of companies, Guodian Power (600795) and Datang Power (601991) are all leading domestic thermal power manufacturers.
Significant investment
Dianguang Technology: It is planned to establish a joint venture company to establish an intelligent computing center and data center
Dianguang Technology announced that the company signed a joint venture agreement with Zhejiang Yungu Cloud Computing Co., Ltd. to invest in the establishment of Zhejiang Dianguang Cloud Technology Co., Ltd. (hereinafter referred to as the "joint venture company"). The registered capital of the joint venture company is 50 million yuan, of which the company subscribes 32.5 million yuan, holding 65% of the shares. Through this investment, the new company plans to establish an intelligent computing center and data center to better provide services such as big data, large models, Internet of Things, artificial intelligence and machine learning, server hosting and network access to the market, and help the promotion of the company's coal mine intelligent system business, and serve the cloud computing and digital construction of coal mines.
Wanbangda: It is planned to invest in the construction of high-end modified new materials project in Jieyang Dananhai Petrochemical Industrial Zone
Wanbangda (300055) announced on the evening of April 23 that Guangdong Bangsheng intends to sign the "Jieyang Dananhai Petrochemical Industrial Zone Guangdong Bangsheng New Material Technology Development Co., Ltd. High-end Modified New Material Project Investment Agreement" with the Management Committee of Jieyang Dananhai Petrochemical Industrial Zone, the project plans to build 400,000 tons/year polyolefin matting film masterbatch device, 100,000 tons/year hot melt adhesive device and auxiliary facilities and supporting public works, with a total planned investment of about 1.25 billion yuan. Guangdong Bangsheng is jointly established by the company's holding subsidiaries Huizhou Isco New Material Technology Development Co., Ltd. and Guangdong Isco New Material Technology Development Co., Ltd., with a total of 80% of the shares.
Significant winning bids
Jushi Chemical: The subsidiary signed a cooperation agreement with Wanhua Chemical on recycled polycarbonate
According to Jushi Chemical, recently, Hunan Hongye New Materials, a wholly-owned subsidiary of the company, signed a strategic cooperation agreement on recycled polycarbonate with Wanhua Chemical. Driven by the concept of global circular economy and the growing market demand, Hunan Hongye New Materials and Wanhua Chemical have entered into a strategic cooperation on recycling and recycled to launch a series of post-consumer recycled polycarbonate products.
Traffic Control Technology: Signed a material procurement contract of 194 million yuan
Traffic Control Technology (688015) announced on the evening of April 23 that the company and China Railway Construction Electrification Bureau Group North Engineering Co., Ltd. recently signed the "Tianjin Metro Line 8 Phase I Mechanical and Electrical Installation 1 Project Material Procurement Contract", with a contract amount of 194 million yuan.
Narui Radar: pre-won the bid for about 238 million yuan of weather radar equipment procurement project
Narui Radar (688522) announced on the evening of April 23 that the company was recently recommended as the first winning candidate in the weather radar equipment procurement project of Guangdong Yuecai Financial Leasing Co., Ltd., with an estimated winning bid amount of about 238 million yuan.
Ningbo Construction Engineering: The subsidiary jointly won the bid for an EPC project of a plot in Fengshan Street, Yuyao
Ningbo Construction Engineering (601789) announced on the evening of April 23 that the consortium formed by the company's wholly-owned subsidiary, Jiangong Jianle and Zhejiang Huazhan Research and Design Institute Co., Ltd. (hereinafter referred to as "Huazhan Design"), recently received the tenderer Ningbo Shundong Real Estate Co., Ltd. issued a notice of winning the bid. procurement) winning bidder, the winning bid price is 820 million yuan, and the construction period is 960 days.
Shareholders increase or decrease their holdings
Victall shares: Ningbo Jiuying plans to reduce its holdings of no more than 1% of the company's shares
Victall announced that Ningbo Meishan Bonded Port Area Jiuying Phase II New Energy Investment Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Jiuying"), a specific shareholder of the company holding 4.16% of the company's shares, intends to reduce its holdings of the company's shares by no more than 3,928,900 shares, that is, no more than 1% of the company's total shares.
Xiamen Engineering Co., Ltd.: The Export-Import Bank of China Xiamen Branch plans to reduce its stake by no more than 1%.
Xiamen Engineering Co., Ltd. (600815) announced on the evening of April 23 that the Xiamen Branch of the Export-Import Bank of China, a 6.78% shareholder of the company, intends to reduce its holdings of the company's shares by no more than 17.7409 million shares through centralized bidding transactions, that is, no more than 1% of the company's total shares.
Shareholder buybacks
Medicilon: The actual controller proposed to repurchase shares for 10 million yuan to 20 million yuan
Medicilon (688202) announced on the evening of April 23 that Chen Jinzhang, the company's actual controller and chairman, and CHUN-LIN CHEN, the actual controller, director and general manager, proposed that the company repurchase shares for 10 million yuan to 20 million yuan for equity incentives or employee stock ownership plans.
Important Announcements
Tonghua Dongbao: A number of specifications of products are planned to be selected for national drug centralized procurement (insulin special continuation)
Tonghua Dongbao announced that the company participated in the declaration of the national centralized drug procurement (insulin special continuation) organized by the National Drug Centralized Procurement and Use Joint Procurement Office. The company's human insulin injection, proben human insulin injection, proben human insulin mixed injection (30R), proben human insulin mixed injection (40R), proben human insulin mixed injection (50R), insulin glargine injection, insulin aspart injection, insulin aspart 30 injection, insulin aspart 50 injection and multiple specifications of products are planned to be selected for this centralized procurement. The total sales of the above-mentioned products in 2023 will be 2.558 billion yuan, accounting for 83.19% of the company's operating income in 2023.
DEREN Electronics responded to being removed from the supply chain by Apple: it is expected to have no impact on the company's revenue
In response to the news of Apple's exclusion from Apple's supply chain for fiscal year 2023, on the evening of April 23, DEREN Electronics responded to the reporter of Securities Times E Company: "Apple's business is mainly undertaken by the company's shareholding company, and it is expected that it will not have an impact on the operating income of the listed company." ”
Gan & Lee Pharmaceutical: A number of products plan to win the bid for national drug centralized procurement (insulin special continuation)
Gan & Lee Pharmaceutical (603087) announced on the evening of April 23 that the company participated in the bidding for the national centralized drug procurement (insulin special continuation) organized by the National Centralized Procurement and Use of Drugs organized by the Joint Procurement Office. According to the announcement document of the proposed selection results, the varieties of prospermin human insulin mixed injection (30R), insulin lispro injection, insulin aspart injection, insulin glargine injection, recombinant insulin lispro mixed injection (25R) and insulin aspart 30 injection participated in the declaration were all qualified for the proposed selection in the continuous procurement of insulin, and all participating groups had Class A varieties to be selected. The total sales of the six products and related specifications that the company intends to win the bid will be 1.369 billion yuan in 2022, accounting for 79.96%, and the total sales in the first three quarters of 2023 will be 1.582 billion yuan, accounting for 82.99%.
Puli Pharmaceutical: Oseltamivir phosphate capsules were approved for marketing
Puli Pharmaceutical (300630) announced on the evening of April 23 that the company recently received the Class 4 marketing authorization for chemical drugs of oseltamivir phosphate capsules issued by the State Food and Drug Administration. The drug can be used for the prevention of influenza A and B in adults and adolescents aged 13 years and above.
Meichen Ecology: At present, the company's products do not involve flying car projects
Meichen Ecology said on the interactive platform today that the company's products do not involve flying car projects, and the company will continue to pay attention to the development of flying cars-related fields, and consider whether to choose the right time to negotiate cooperation with relevant customers according to the company's strategic development needs.
Chenguang New Materials: The aerogel products in the special silicone project are in the trial production stage
Chenguang New Materials said on the interactive platform on April 23 that the company's current design capacity of aerogel products in the 23,000-ton special silicone project is 2,000 tons/year, and it is already in the trial production stage.
Guoxin Technology: The internal test of the new product of the automotive electronic intelligent accelerometer chip has been successful
Guoxin Technology (688262) announced on the evening of April 23 that the new generation of automotive electronic intelligent accelerometer chip product "CMA2100B" jointly developed by the company and Lesnet (Suzhou) Technology Co., Ltd. (hereinafter referred to as "Lesnelt") has recently been successfully tested in the company's internal test. The CMA2100B chip products developed by the company in cooperation with Lesnet are special chips for intelligent acceleration sensors in the field of automotive electronics, and the chip resources and configuration have been fully communicated with many domestic first-line automobile manufacturers, which can meet the application needs of these manufacturers in the field of automotive acceleration sensors, and can replace foreign products such as Bosch SMA750 series and NXP FXLS9xxx0 series corresponding products. At present, the test is a successful internal test of the company, and the third-party agency testing has not yet been completed, and the relevant work is already in progress.
Zhengping shares: The company is currently not involved in AI computing power and big data business
Zhengping shares (603843) issued a stock trading risk warning announcement on the evening of April 23, saying that recently, the company has paid attention to media reports that "Zhengping shares and Bingte Technology have established a cloud computing company to lay out intelligent computing business". After verification, the company's current business income is mainly based on infrastructure construction, which does not involve AI computing power and big data business, nor does it have a clear plan to carry out AI computing power and big data business, and its main business has not changed.