China Fund News Chenxi
Hello everyone, let's pay attention to the market situation and the latest information in the morning~
On April 24, the three major indexes of the A-share market opened slightly higher: the Shanghai Composite Index rose 0.25% to 3,029.4 points, the Shenzhen Component Index rose 0.03%, and the ChiNext Index rose 0.24%. In the morning, the market first fell and then rose, and the intraday collective rose. As of press time, major indices are in the red across the board.
In terms of industry sectors, communications, computers, electronics and other sectors collectively rose, high-speed copper connections, optical modules, optical communications, AI computing power and other sub-sectors rose sharply, lithium mines, coal, agriculture and other sluggish, soft drinks, building materials declined.
The Hong Kong stock market extended its recent rally: the Hang Seng Index opened 0.98% higher, Hang Seng Technology rose 1.33%, and Hang Seng State-owned Enterprises rose 0.91%. Hong Kong stocks continued to rise in the morning, with the Hang Seng Index rising more than 2% and SenseTime rising more than 30%, leading the rise in Hang Seng Technology.
The concept of low-altitude economy has risen sharply, and the design of the balance has stepped out of the "earth-sky board"
On April 24th, the concept of low-altitude economy was hot, and Shangluo Electronics quickly walked out of the 20CM daily limit after the opening, Wanfeng Aowei, Sichuan University Zhisheng, Sunward Intelligence, etc., and Jianxin shares, Haite High-tech, etc. followed up.
Recently, low-altitude economic investment in various places has been hot. According to public information, Anhui Province Low-altitude Economic Industry Fund Partnership (Limited Partnership) was recently established with a capital contribution of 1 billion yuan, and the executive partner is Anhui Traffic Control Capital Fund Management Co., Ltd. Previously, the Anhui Provincial Development and Reform Commission issued the "Anhui Province Implementation Plan for Accelerating the Cultivation and Development of Low-altitude Economy (2024-2027) and Several Measures". It is mentioned that by 2027, the scale and innovation ability of low-altitude economy in Anhui Province will reach the leading level in the country, and Hefei and Wuhu will be built into two low-altitude economic core cities.
In addition, on April 24, Zhongheng Design opened at a price of 10.16 yuan per share. Then the stock price rose sharply, and the "earth and sky board" was completed within 5 minutes. As of press time, the share price of Zhongheng Design came to 12.42 yuan / share, an increase of 10.01%, and won 6 consecutive boards.
Yesterday evening, the balance design issued an announcement on abnormal fluctuations in stock trading, saying that the company's shares on April 22 and April 23 for two consecutive trading days closed price deviation by 20%, which is an abnormal fluctuation in stock trading;
Zhongheng Design said that after self-inspection, the company's business activities and internal production and operation order are normal, the external market environment and industry policies have not undergone major adjustments, and there is no material information that should be disclosed but has not been disclosed.
The sharp rise in the stock price of Zhongheng Design is not unrelated to its recent involvement in the concept of low-altitude economy. On April 17, HHP Design released the news on its official website that it helped Wuhan City seize the "low-altitude economy" strategic emerging industry track, and HHP Design won the bid for the Central China Intelligent Aircraft Industrial Base Project (Phase I), and its stock price has risen and fallen one after another.
On the evening of April 23, the Shanghai Stock Exchange issued a regulatory work letter to Zhongheng Design, clarifying the regulatory requirements for the company's recent stock price fluctuations, involving listed companies, directors, supervisors, senior managers, controlling shareholders and actual controllers.
The performance in the first quarter was a large pre-loss, and Tianqi Lithium fell to the limit
On April 24, A-share Tianqi Lithium walked out of the fall limit in the call auction stage, and maintained a one-word drop limit after the opening. As of press time, Tianqi Lithium's share price was 40.63 yuan per share, down 9.99%, with a total market value of 66.7 billion yuan.
Hong Kong stock Tianqi Lithium dived simultaneously, opening more than 10% lower in the morning, and once fell more than 17% intraday.
On the evening of April 23, Tianqi Lithium announced its performance forecast for the first quarter of 2024: it is expected to have a net loss of 3.6 billion yuan to 4.3 billion yuan, compared with a net profit of 4.875 billion yuan in the same period last year, turning from profit to loss year-on-year.
As for the reasons for the sharp decline in performance, Tianqi Lithium said that due to the fluctuation of the lithium product market, the sales price of the company's lithium products decreased sharply compared with the same period last year, and the gross profit of lithium products fell sharply. In addition, Tianqi Lithium expects the results of its significant associates in the first quarter of SQM2024 to decline significantly year-on-year, confirming a significant decline in investment income in the associates compared to the same period last year.
That night, the Shenzhen Stock Exchange issued a letter of concern to Tianqi Lithium. The Shenzhen Stock Exchange asked Tianqi Lithium to explain the reasons for the significant increase in losses in the first quarter of 2024 compared with the fourth quarter of 2023, whether there is a risk of continuous losses, and whether the operating conditions are in line with the trend of industry changes, the amount and calculation basis of the impact of the SQM tax dispute on the company's net profit in the first quarter.
In the morning, the lithium mining sector collectively fell, and many stocks such as Yongxing Materials, Ganfeng Lithium, and Shengxin Lithium Energy fell sharply.
SenseTime surged 36% and upgraded the large model system
On April 24, the Hong Kong stock SenseTime-W opened sharply, with an increase of up to 36%. As of press time, SenseTime-W is still up more than 30%.
On the afternoon of April 23, SenseTime released the "Ririxin SenseNova" 5.0 multi-modal large model series in Shanghai, which adopts a hybrid expert (MoE) architecture, supports up to 10T Tokens in Chinese and English and training data, and inference synthetic data up to hundreds of billions of tokens, and the context window can be effective to about 200K during inference.
SenseTime said that this is the industry's first "cloud, device, edge" full-stack large-scale model product matrix to meet the application needs of different scale scenarios. The company's technology leads the way to accelerate the comprehensive transition of generative AI to industrial landing, and realizes the on-demand use of large models.
Xu Li, Chairman and CEO of SenseTime, said that under the principle of Scaling Law, SenseTime will continue to promote the research and development of its own large models, and will continue to explore the KRE three-layer architecture (knowledge-reasoning-execution) of large model capabilities, and constantly break through the boundaries of large model capabilities. "We believe that 2024 will be the year of the explosion of large models on the device side. ”
It is understood that since its first release in April last year, SenseTime's "SenseNova" large model system has officially launched five major version iterations. This update mainly focuses on enhancing knowledge, mathematics, reasoning and code capabilities, comprehensively benchmarking GPT-4 Turbo, and reaching or surpassing GPT-4 Turbo in mainstream objective evaluations.
Editor: Xiao Mo
Review: Xu Wen