Wu Qing led the team to investigate and held 5 symposiums in a row!
On April 26, the China Securities Regulatory Commission announced that recently, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, led a team in Beijing, Hangzhou, Shanghai and other places to carry out research and supervision on the implementation of the "1+N" policy system of the capital market, further deepening the reform in an all-round way, and better serving the development of new quality productive forces. During the investigation, we visited 4 scientific and technological innovation enterprises on the spot, held 5 symposiums, and had in-depth exchanges with representatives of listed companies, industry organizations and heads of some CSRC system units, and fully listened to opinions and suggestions.
New regulations of the China Securities Regulatory Commission: the "prohibition period" has been extended from 3 years to 10 years!
The China Securities Regulatory Commission (CSRC) solicited public opinions on the "Regulatory Provisions on the Shareholding of Enterprises to be Listed by Former Personnel of the CSRC System (for Trial Implementation)". Three new provisions have been added to the Provisions on the Supervision of Retired Personnel: First, further strengthen the management of key personnel. Extend the prohibition period for the resignation of the issuance supervision position and the management cadres to take the shares of the company to be listed, from 3 years to 10 years after resignation. The second is to expand the scope of supervision of departing personnel. The scope of strict review will be expanded from the departing personnel themselves to the departing personnel and their parents, spouses, children and their spouses. The third is to put forward higher verification requirements. The intermediary agency shall fully verify the investment background, source of funds, price fairness, and authenticity of the liquidation of the departing personnel, and the CSRC shall verify and review the relevant work.
The Ministry of Finance and the State Administration of Taxation have clarified the individual income tax policies related to equity incentives of listed companies
The Ministry of Finance and the State Administration of Taxation issued an announcement on the individual income tax policies related to equity incentives of listed companies. For stock options, restricted stocks and equity awards granted to individuals by domestic listed companies, individuals may pay individual income tax within a period of not more than 36 months from the date of exercise of stock options, release of restricted shares or acquisition of equity awards (hereinafter referred to as "exercise") upon filing with the competent tax authorities. If a taxpayer resigns during this period, he or she shall pay all taxes before leaving the company. This announcement will be implemented from January 1, 2024 to December 31, 2027, and taxpayers who exercise their rights during this period may be implemented in accordance with the provisions of this announcement.
National Bureau of Statistics: In the first quarter, the profits of industrial enterprises above designated size increased by 4.3% year-on-year, turning into positive growth from a decline of 2.3% in the previous year
According to data released by the National Bureau of Statistics, from January to March, the total profit of industrial enterprises above designated size was 1,505.53 billion yuan, a year-on-year increase of 4.3%, and the decline of 2.3% in the previous year turned into positive growth. In terms of quarters, the profits of industrial enterprises above designated size have increased for three consecutive quarters, continuing the recovery trend. From January to March, among the industrial enterprises above designated size, the total profits of state-controlled enterprises were 573.82 billion yuan, down 2.6 percent year-on-year; the total profits of joint-stock enterprises were 1,120.30 billion yuan, up by 0.8 percent; the total profits of foreign-funded enterprises and enterprises with investment from Hong Kong, Macao, and Taiwan were 373.75 billion yuan, up by 18.1 percent; and the total profits of private enterprises were 367.97 billion yuan, up by 5.8 percent.
The four departments jointly held a large-scale equipment renewal and consumer goods trade-in financial work promotion meeting
The People's Bank of China, the National Development and Reform Commission, the Ministry of Finance and the State Administration of Financial Supervision jointly held a meeting on April 26 to promote large-scale equipment renewal and trade-in finance for consumer goods. The meeting emphasized that promoting large-scale equipment renewal and trade-in of consumer goods will benefit both the current and the long-term, stabilize growth and promote transformation, and benefit both enterprises and people's livelihood. It is necessary to adhere to the market-oriented, government-guided, insist on encouraging the advanced and eliminating the backward, adhere to the guidance of standards, and improve in an orderly manner.
The Ministry of Commerce, the Ministry of Finance and other 7 departments jointly issued the "Detailed Rules for the Implementation of Car Trade-in Subsidy" If you meet the requirements, you can enjoy a subsidy of 7,000 to 10,000 yuan
Seven departments, including the Ministry of Commerce and the Ministry of Finance, jointly issued the "Implementation Rules for Car Trade-in Subsidy", which clarified the scope and standards of subsidies. From the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel passenger vehicles with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018, and purchase new passenger cars that meet the energy-saving requirements can enjoy a one-time fixed subsidy. Among them, a subsidy of 10,000 yuan will be given to those who scrap the above two types of old passenger cars and purchase eligible new energy passenger vehicles, and a subsidy of 7,000 yuan will be given to those who scrap fuel passenger cars with emission standards of China III and below and purchase fuel passenger cars with a displacement of 2.0 liters or less.
The China Housing Association convened a discussion with some real estate companies to understand the situation of enterprises and the market, and relevant government departments attended the meeting
The reporter learned from a number of people familiar with the matter that the China Housing Association recently organized a symposium with some real estate companies to conduct research and exchanges on the market and enterprise operations, and relevant government departments attended the meeting. It is understood that in the course of this discussion, in addition to understanding the operation and market transactions of real estate enterprises, the participants also exchanged and discussed the financing needs of real estate enterprises, debt resolution, real estate "white list" financing progress dynamics, affordable rental housing, and corporate suggestions.
The Ministry of Commerce issued the Three-Year Action Plan for Digital Commerce (2024-2026)
According to the website of the Ministry of Commerce on April 28, the Ministry of Commerce issued the "Three-Year Action Plan for Digital Commerce (2024-2026)". It is proposed that by the end of 2026, the level of digitalization, networking, intelligence, and integration in all fields of business will be significantly improved, the scale efficiency of digital commerce will grow steadily, the industrial ecology will be more perfect, the application scenarios will be continuously enriched, international cooperation will continue to expand, and the support system will be increasingly sound. The scale of the digital economy in the business sector continues to grow, the scale of online retail remains the largest in the world, the growth rate of cross-border e-commerce is faster than the growth rate of trade in goods, the use of trade electronic documents has reached the international average, and the overall scale of digital trade continues to expand.
Towards "Artificial Intelligence +" in an all-round way, the first domestic automobile model standard was released
On April 28, the China Academy of Information and Communications Technology (CAICT) released China's first large-scale automotive model standard. The standard mainly covers three capability domains, among which the scenario richness focuses on evaluating the support of the automotive large model for subdivided scenarios such as intelligent cockpit and autonomous driving, the capability support focuses on the performance of the automotive large model in artificial intelligence technology capabilities such as perception, understanding, reasoning, and generation, and the application maturity mainly evaluates the application of the automotive large model in system ecology, deployment customization, and scenario adaptation.
Chengdu liberalizes the house purchase policy: no lottery number does not review the qualifications for house purchase
The Office of the Leading Group for the Steady and Healthy Development of the Real Estate Market in Chengdu issued the Notice on Further Optimizing the Policies and Measures for the Stable and Healthy Development of the Real Estate Market (hereinafter referred to as the "Notice"), which clarified that the city's housing transactions will no longer review the qualifications for housing purchases, and the number of units purchased will no longer be restricted, and the relevant measures will be implemented from April 29. The above-mentioned "Notice" also shows that the commercial housing projects in Chengdu will no longer implement notarized lottery selection, and will be sold by enterprises independently.
The first batch of "trade-in" has a limit of 2,000 sets!
On April 27, Nanjing Anju WeChat official account released the announcement of Nanjing Anju Construction Group on carrying out the pilot activity of "exchanging the old for the new" of stock housing, with a pilot limit of 2,000 units in the first batch, and the time will be from the date of the announcement to December 31, 2024, until the quota is full.
Many currencies have depreciated sharply against the US dollar
On 27 April, USD/JPY fell below the round number mark of 156, 157 and 158 in succession. Recently, the local currencies of many countries such as the Japanese yen, South Korean won, Indian rupee, and Indonesian rupiah have fallen sharply against the US dollar, causing market concerns about the stability of the capital markets of emerging economies. Analysts say the main reason for the sharp depreciation of the relevant currencies is the so-called "strong dollar", that is, the Fed's policy has led to a sharp appreciation of the dollar, and capital has returned from emerging markets, exacerbating the risks faced by emerging economies and the world economy.
The three major U.S. stock indexes collectively closed up on Friday, and Google rose more than 10% to a record high
The three major U.S. stock indexes collectively closed up on Friday, with the Nasdaq up 2.03% and 4.23% this week, ending a four-week losing streak, the S&P 500 up 1.02%, up 2.67% this week, ending a three-week losing streak, and the Dow rose 0.4%, up 0.67% this week. Among them, the S&P 500 and Nasdaq 100 indexes recorded their biggest weekly gains since November. Google surged more than 10% to an all-time high, with a total market capitalization of $2.13 trillion. Nvidia rose more than 6%, up more than 15% this week, the biggest weekly increase since May 2023, Amazon rose more than 3%, Microsoft rose more than 1%, and Meta rose slightly. Intel fell more than 9%, hitting a new closing low since July 2023. Tesla fell more than 1%, and Netflix and Apple fell slightly.
Apple restarts talks with OpenAI to add new AI features to new products
According to people familiar with the matter, Apple has restarted talks with OpenAI to explore using the startup's technology to support some of the new features of the iPhone that will be launched later this year. The two companies have begun discussions about possible terms of the agreement and how OpenAI features will be integrated into Apple's next-generation iPhone operating system, iOS 18, according to people familiar with the matter. The move marks a renewed dialogue between the two companies. Apple had discussions with OpenAI earlier this year about a deal, but there has been little cooperation between the two sides since then. Apple is also in discussions with Alphabet's Google about licensing the company's Gemini chatbot. Apple hasn't made a final decision on which partner to use, and there's no guarantee that the deal will be done. It is possible that the company will eventually reach an agreement with both OpenAI and Google, or choose another provider altogether.
The leading company released the first large model that supports long text, long graphics and text, and long speech
iFLYTEK Xinghuo large model V3.5 updated and released its first long text, long picture and text, and long voice large model, empowering bidding applications and contract applications, launching the first multi-emotional super-anthropomorphic synthesis, and launching the Xinghuo intelligent body platform.
According to Liu Qingfeng, chairman of iFLYTEK, the general long text capability of the Xinghuo large model has reached the level of 97% of the latest long text version of GPT-4Turbo in April, and the overall level of the knowledge question and answer task in the vertical field has surpassed that of GPT-4Turb Xinghuo app Android downloads of 96 million times. According to the analysis of Zheshang Securities, domestic and foreign manufacturers are expected to release more complex multi-modal large models in 2024 to realize the complex processing and interaction of multi-modal data such as text, voice, images, and audio and video. OpenAI released the Sora model, which is expected to open a new wave of multimodal large models.
Among the listed companies, InsightGPT, a multimodal vertical model developed by Insai Group (300781), has video understanding capabilities. The company has developed and realized the "explosive video" function, and the relevant solutions will be delivered to a well-known customer in the 3C digital field in the near future, and is expanding into the fields of automobiles and beauty.
Wondershare Technology (300624) will officially open beta on April 28, with a video video capability of 60 seconds+.
It may become a key technological breakthrough to open up demand, and traditional products in this field are fully embracing "AI"
Under the AI tuyere, major appliance brands are actively exploring "AI + home appliances". With the gradual emergence of the application value of artificial intelligence, from TVs, refrigerators, washing machines, kitchen appliances to home service robots, almost all traditional home appliances are fully embracing "AI".
AIGC focuses on content generation and application, while traditional AI focuses on the research and application of algorithms and technologies, AIGC can greatly improve the command degree of AI, and ChatGPT, "Wenxin Yiyan" and other AIGC products and smart home appliances access, will give smart home appliances stronger learning ability and interaction accuracy, get rid of the traditional smart home appliances interaction instructions rigid, not intelligent enough stereotype, to achieve a smooth dialogue of smart home products, is expected to bring "smart home" into "AI home" stage, or it will become a key technological breakthrough to open up demand. China Securities Construction Investment believes that the domestic white power faucet has high-quality cash flow and stable capital expenditure, and increasing dividends is expected to bring about a double increase in ROE and PE. At the same time, in recent years, the progress of home appliance brands going overseas + high-end is in full swing, and there is also a potential large option of smart home with the blessing of AI, and the growth of the sector cannot be ignored.
Among listed companies,Hisense Video(600060)said,2023year,According to Ovirivo statistics,Hisense TV global shipment market share is13.23%,An increase of 1.17 percentage points year-on-year,Ranking second in the world。
Sichuan Jiuzhou (000801) has mastered a number of core technologies in the field of audio and video signal encoding and decoding, modulation, transmission and other aspects in the field of intelligent terminals, has R&D capabilities and core technologies in the field of radio and television business, and has carried out product development and market layout in the field of communication technology such as 5G communication technology, 10G PON, WiFi6, and artificial intelligence technology.
002668 From 2009 to 2022, the company has been the champion of China's refrigerator exports for 14 consecutive years and ranked first in refrigerator exports to Europe for 15 consecutive years.
It was announced that the first Low Altitude Flight Consumer Week will be held
According to the Chongqing Municipal People's Government Network, Chongqing will hold the first low-altitude flight consumption week from April 30 to May 5, launch the Chongqing low-altitude flight consumption map, issue a total amount of 10 million yuan of low-altitude flight consumption coupons, and invite citizens and tourists to experience the fun of low-altitude flight. It is reported that the consumption week activities will select and launch a variety of low-altitude flight consumption formats, including low-altitude flight sports represented by paragliding, delta wing, parachuting, etc., low-altitude sightseeing experience represented by light fixed-wing, helicopter, hot air balloon, and low-altitude education services represented by aircraft pilot training and low-altitude research. Chongqing will also open the first urban air mobility route, from Chongqing International Biological City to and from Chongqing Longxing General Airport, and the commute between the two places will be shortened from 1 hour to 10 minutes after the route is opened. In addition, in order to help the development of low-altitude economy, a number of low-altitude intelligent manufacturing projects will be signed, a number of low-altitude flight social organizations will be established, and a number of low-altitude economic pilot zones will be awarded.
Ping An Securities pointed out that the low-altitude economy is a comprehensive economic form with eVTOL aircraft as an important traction, and the UAV and general aviation industry are the core industries of low-altitude economic development. At present, the policy to promote the low-altitude economy into a period of rapid development, in the context of the national attention and local active layout, low-altitude aircraft research and development, manufacturing, low-altitude infrastructure, low-altitude flight support services and other sub-industries will benefit from the development of low-altitude economy. It is recommended to pay attention to the investment opportunities in the low-altitude economic industry chain.
001696 Chongqing Zongshen Aero Engine Manufacturing Co., Ltd., a subsidiary of the company, is mainly engaged in small and medium-sized aero engines, mainly providing power system solutions for general aviation aircraft and unmanned aerial vehicles.
CITIC Haizhi (000099) is taking operation services as the core, carrying out relevant low-altitude economic operation projects in Zhoushan, Shenzhen and other places, and developing operation and operation related system programs to do preliminary verification for future eVTOL operation scenarios, and will create a variety of application scenarios according to user needs after completing the verification of aircraft safety and other aspects.
The agency expects that the price increase of mainstream panels will further expand in April
According to the article issued by Qunzhi Consulting, in the second quarter, from the demand side, with the continuous rise in panel prices and the "618" promotional stocking, all brands have increased their demand for panel procurement, especially B2C brands and second-tier brands. From the perspective of the supply side, under the normalization of production control, the growth rate of display production capacity area is basically consistent with the growth rate of demand, and the supply and demand of monitor panels are still in a tight balance. On the whole, Qunzhi Consulting predicts that with the further growth of panel demand, it is expected that the mainstream panel price increase will further expand in April.
China Galaxy Research Report said that the panel industry has entered the traditional sales season, demand has been boosted, and the supply-side competition pattern has improved, and the overall supply and demand situation has gradually improved. The price rebound trend of some sub-categories in the panel is clear, and the industry will usher in structural investment opportunities.
In terms of the company, BOE A (000725) has a comprehensive layout of "1+4+N+ ecological chain", and the company's LCD overall and five mainstream product shipments and shipping area continue to rank first in the world, and the company's flexible OLED mobile phone panel ranks second in the world and first in China with a market share of 16.4%.
Chenzhan Optoelectronics (003019) is a world-leading solution provider of commercial human-computer interaction intelligent terminals, the company's products mainly include intelligent interactive industrial computers, intelligent traffic displays and modules. The company's R&D capabilities in touch technology and extension, multi-type panel technology application, PCBA and core system integration have been highly recognized by the market and customers.
Jiangsu: By 2025, the scale of the robot industry chain will reach about 200 billion yuan
The Jiangsu Provincial Department of Industry and Information Technology recently jointly formulated and issued the "Action Plan for the Innovation and Development of the Robot Industry in Jiangsu Province" to further promote the high-quality development of the province's robot industry. The plan proposes that by 2025, the scale of the robot industry chain in Jiangsu Province will reach about 200 billion yuan, and the scale of the core robot industry will reach more than 25 billion yuan, becoming a highland for the innovation and development and integrated application of the national robot industry. By 2027, the comprehensive strength of the robot industry in Jiangsu Province will reach the international advanced level.
With giants entering the game one after another, the prospect of humanoid robots is beyond doubt. Kaiyuan Securities said that in 2024 or the first year of mass production of humanoid robots, the convening of the humanoid robot industry conference is expected to promote the rapid development of the industry, and humanoid machine manufacturers are expected to enter the "fast lane" of development.
Among the listed companies, Wuzhou Xinchun (603667) has successfully developed RV reducer bearings and harmonic reducer flexible bearings in the field of robot reducer bearings, among which RV reducer bearings and harmonic reducer bearings are sent samples to customers such as NGC and Rifle Harmonic respectively.
Mingzhi Electric (603728) is a global advanced manufacturer in the field of motion control. The company and its subsidiaries Anpu Mingzhi, American AMP, American LIN, Swiss TMotion, and Mingzhi Boss are all deeply deployed in the mobile robot industry, with product lines such as stepping systems, servo systems, general drive systems, motion controllers, etc., and their business covers commercial mobile robots, AGVs, AMRs, etc.
Vidu, a domestic video model that benchmarks Sora, was released, and the boundaries of multimodal AI applications are expected to be further expanded
According to reports, on April 27, at the Future Artificial Intelligence Pioneer Forum of Zhongguancun Forum, Shengshu Technology and Tsinghua University officially released China's first long-duration, high-consistency, and high-dynamics video model Vidu. Vidu supports one-click generation of high-definition video content up to 16 seconds and resolutions up to 1080P. Vidu is not only able to simulate the real physical world, but also has rich imagination, with multi-lens generation, high spatiotemporal consistency, etc., is the world's first major breakthrough video model since the release of Sora, the performance of the comprehensive benchmark against the international top level, in the process of accelerating iterative improvement.
Guosheng Securities pointed out that the domestic industry and academia continue to innovate and catch up with the international frontier level in the field of multimodal large models, and the advent of Vidu further verifies the domestic scientific research capabilities, and it is expected that other domestic SORA models will be released one after another, which is expected to further expand the boundaries of multimodal AI applications. Tianfeng Securities believes that the white-hot advent of the domestic "100 model war" will greatly increase the demand for content data on the training side, open up the commercial space for high-quality corpus and video computing, and accelerate the implementation of revenue recognition on the application side of film and television script IP+ high-quality video and text corpus-related companies.
Wondershare Technology (300624) can provide creators with high-quality and efficient creative tools, resources, materials and other value-added services, audio and video multimedia model "Tianmu", focusing on digital creative vertical creation scenarios, based on audio and video generative AI technology, committed to applying video models, audio models, image models and language model capabilities to the company's various creative products.
Chinese Online (300364) has a total of more than 60TB of text, audio, and video data, and can provide customized, multi-type, cross-modal large model data solutions, which are widely used in the AI+ field.
Independent research and development of the general humanoid robot mother platform was released
On April 27, the Beijing Humanoid Robot Innovation Center officially released China's first self-developed universal humanoid robot mother platform, named "Tiangong". The platform marks another major step forward in the field of artificial intelligence and robotics in China. The release of the "Tiangong" platform not only reflects China's strength in the research and development of humanoid robot technology, but also provides new possibilities for the application and development of intelligent robots in the future. The launch of the platform is expected to promote technological innovation and industrial upgrading in related fields, helping China occupy a more favorable competitive position in the global robot market.
Humanoid robots are an important embodiment and key equipment of artificial intelligence in physical space, and are typical representatives of physical general artificial intelligence systems. It is a disruptive platform product after computers, smart phones, and new energy vehicles, and will become a new quality productivity that leads the digital development and intelligent upgrading of the industry, and is expected to continue to give birth to new industries, new models, and new business formats. Due to the long industrial chain and large imagination space in the future, humanoid robots are becoming the track that global technology companies pay attention to. According to the agency's estimates, by 2030, the new market space for humanoid robots in China is expected to reach 503.5 billion yuan, and from 2023 to 2030, the compound growth rate of the new market space for humanoid robots is expected to reach 96%, and in 2030, the new market space for global humanoid robots will be about 1.02 trillion yuan, and the compound growth rate of the new market space in 2023~2030 is expected to exceed 80%.
A-share related concept stocks mainly include Shiyun Circuit (603920), Boshi (002698) and so on.
In the new stage of computing network, China Mobile released a computing power pilot action plan
On April 28, China Mobile officially released the action plan for the integrated computing network to lead the digital intelligence industry at its 2024 Computing Network Conference, focusing on the development achievements in computing power, computing network, arithmetic, computing brain, etc., and announced that it will accelerate the computing network to a new stage of computing network 3.0, forming a new pattern of computing network industry led by leading enterprises and widely participated by large and medium-sized enterprises.
With the in-depth development of a new round of scientific and technological revolution and industrial transformation, artificial intelligence has become a new production tool, data has become a new factor of production, and computing power has become a new basic energy source, which together constitute an important driving force for new quality productivity. Especially recently, breakthroughs have been made in general artificial intelligence, which has triggered an explosive growth in computing power demand. Accelerating the construction of high-tech, high-efficiency, and high-quality computing infrastructure is crucial to the development of new quality productivity.
A-share related concept stocks mainly include Sugon (603019), Inspur Information (000977), etc.
Accelerating towards the 3.0 stage of computing network The China Mobile Computing Network Conference opened
It is reported that from April 28th to 29th, the 2024 China Mobile Computing Network Conference with the theme of "Computing Network Lights up the New Era of AI" was grandly opened. Mr. Yang, Chairman of China Mobile Communications Group, delivered a keynote speech entitled "Computing Network Lights Up the New Era of AI", in which China Mobile will accelerate the computing network to a new stage of computing network 3.0.
During the conference, China Mobile will set up more than 10 theme activities and sub-forums around four major topics: computing network infrastructure, computing network technology, computing network industry and product application, and computing network security, to build an inclusive and co-creation platform for industry partners.
Among the related companies, Qiming Information (002232) As a subsidiary of China Mobile specializing in network information security, the company will comprehensively display the company's latest technological innovation in the field of computing power network security, as well as a series of security products and solutions such as "cloud financial security", "network financial security", "DICT financial security" and "data financial security", so as to build a solid security defense line for the computing network convergence industry and draw a new blueprint for the high-quality development of computing network.
As a long-term close partner of China Mobile, 300634 will focus on showcasing the latest technologies in the fields of artificial intelligence, metaverse, digital human and intelligent computing, as well as the latest products in the field of AI such as AI mailbox, digital employee and digital human image customization platform.
Topway Information (002261) and its Xiangjiang Kunpeng AI full-stack products will be unveiled at the China Mobile Computing Network Conference.
Stephen Chow's first short drama is about to be launched, and short drama concept stocks are expected to attract attention
Recently, the "First Online Literature and Short Drama Industry Development Forum" hosted by China Mobile Migu was held, with the theme of "Drama Sand into a Tower, Building a New Chapter Together", bringing together online literature and short drama copyright owners, investors, producers, distributors and other industry leaders to discuss the new format and direction of the development of China's online literature and short drama industry. On the same day, "Golden Pig and Jade Leaf" was completed in Chengdu, the play was produced by Stephen Chow, and it is planned to be exclusively launched on Douyin in May, and the full episode will be updated on the official Douyin account of Stephen Chow's works "9527 Theater". In the past year, short dramas have become frequent hot searches on major platforms. From the short drama "Wushuang", which consumed more than 100 million yuan in 8 days after it was launched, to "After the flash marriage, Mr. Fu's vest can't be hidden" with a 24-hour recharge of more than 20 million, and then to the Spring Festival short drama "I Was a Stepmother in the 80s", which earned more than 20 million yuan on the first day of launch, short dramas have become one of the hot outlets in 2024.
At present, the short drama track is still in a period of rapid rise, the user's payment ceiling has not yet arrived, the market dividend is still in the stage of continuous release, and the industry chain leader is expected to benefit, it is recommended to pay attention to Palm Reading Technology (603533), Ciwen Media (002343), etc.
The inflection point of the glass fiber industry is gradually clear, and the price increase will be restored to future profits
This week, the price of roving products continued to rise, the quotation of electronic yarn and electronic cloth remained stable, and the new price was gradually implemented. Among them, the domestic 2400tex alkali-free winding direct yarn mainstream tax included tax and sent the national average price of 3505.92 yuan/ton this week, an increase of 5.54% compared with the average price of last week (3321.75 yuan/ton). Since the head enterprises began to raise prices from the end of March, industry prices have risen steadily, and the price increase has been fully implemented from the leading to general enterprises, and the rise in prices has also promoted the replenishment of downstream enterprises, and the inventory has dropped from a high of 906,400 tons in February to 794,000 tons in March.
The bottom of the glass fiber price rebounded, the fundamentals are expected to improve, the bottom margin of safety of leading enterprises or has been established, the price increase is conducive to improving the wait-and-see situation of customers to promote the significant growth of glass fiber enterprise shipments, and with the advent of the 24Q2 peak season, downstream demand is expected to continue to pick up, glass fiber shipments are expected to continue to improve.
You can pay attention to China Jushi (600176) and Changhai shares (300196).
The bottom of the vitamin starts to stabilize and wait for the downstream demand to pick up
Recently, the domestic head vitamin companies released a quarterly report showing that the vitamin market continues to increase, the price continues to recover, and the price of most products has rebounded at the bottom. In addition, according to iFinD data, as of April 25, the price of domestic VA was 85.5 yuan/kg, an increase of 18% compared with the beginning of 24, and the price of domestic VE was 68.8 yuan/kg, an increase of 17% compared with the beginning of 24. It is understood that the oversupply pattern of VA and VE still exists, the market transaction atmosphere is flat, affected by production reduction and shutdown maintenance, and the superposition of the overseas destocking cycle is nearing the end, and the price is expected to continue to recover in the short term.
It is recommended to pay attention to NHU (002001) and Zhejiang Medicine (600216).
Domestic copper foil prices ushered in a rapid rise in low-altitude economy to accelerate the industrialization of composite copper foil
According to the tracking data of the institution, since late January this year, the domestic copper foil price has bottomed out, and many price increases have landed, and the recent rise has ushered in a significant acceleration. On April 26, the latest price of copper foil rose to 91,579 yuan/ton, a single-day increase of 6%, a new high since August last year, and the largest increase of nearly 10% this year. At present, the downstream demand is still stimulated by high copper prices, and the price of processing fees is temporarily negotiable, and enterprises operate according to their own conditions.
Institutional analysis pointed out that in April, the production schedule and new orders of copper foil companies improved significantly compared with the first quarter, and the utilization rate generally increased, reaching more than 90%. At the same time, in the context of industry surplus, a number of proposed investment projects have been postponed and have become famous brands. Superimposed on the rise in copper prices to accelerate the clearing of the industry, the copper foil industry has basically bottomed out. In addition, under the sharp rise in copper prices, the cost advantage of composite copper foil continues to be highlighted. Due to its significant advantages such as good safety and strong performance, composite copper foil is more suitable for scenarios such as drones and eVTOLs. With the accelerated outbreak of low-altitude economy this year, the industrialization process of composite copper foil is expected to accelerate.
Longyang Electronics (301389) Co., Ltd. actively promoted the progress of the composite copper foil project, and the first set of composite copper foil equipment of Huai'an Fuyang was successfully adjusted.
Hongtian Technology, a subsidiary of Dawson Co., Ltd. (603800), has realized the localization of high-precision electrolytic copper foil equipment, which can provide one-stop overall solutions for the planning, design, manufacturing and continuous upgrading of software and hardware systems for global customers.
Filling the gap Continental's high-performance invasive brain-computer interface was unveiled
The "North Brain No. 2", independently developed by mainland scientists, was officially unveiled recently, filling the gap of high-performance invasive brain-computer interface technology in China, and realizing the dexterous brain control of the two-dimensional motion cursor by macaques for the first time in the world. According to Li Yuan, the relevant person in charge, the flexible materials used in "Beibrain No. 2" have high biocompatibility, no cytotoxicity, can make a large number of contacts on the electrode wire, have a high number of channels, and have strong signal capture capabilities.
In addition, the "Chinese Expert Consensus on the Implementation and Management of Clinical Research on Brain-Computer Interface in Neurological Diseases" was released. The formulation of consensus allows researchers to better participate in the research and development of brain-computer interfaces in mainland China, and at the same time protects the interests of patients, so that the implementation of clinical research can be safer and more scientific. The full version of the expert consensus will be published in the Chinese Medical Journal.
The application of brain-computer interface is expected to speed up, and you can pay attention to Sanbo Brain (301293) and innovative medical (002173).
The scope of participating products will be further expanded, and six departments will deploy green building materials to the countryside
The Ministry of Industry and Information Technology and other six departments recently jointly issued a notice that from 2024 to 2026, green building materials will be carried out nationwide to carry out rural activities.
It is understood that the green building materials to the countryside activities are carried out nationwide on the basis of the pilot work in 2022 and 2023, and the activities will vigorously promote the high-quality development of the green building materials industry, continue to expand the scope of products participating in the countryside activities, and explore the transformation from "green building materials products" to "green building materials system solution providers + characteristic rural construction service providers" to the countryside. At the same time, focusing on the regional characteristic industries of green building materials, consumption pattern innovation, and coordinated development of upstream and downstream, it is planned to select about 5 green building materials to the countryside innovation activities in 2025 and 2026 each year to release and promote the activity model.
Among the related companies, some of the main products of Oriental Yuhong (002271) have obtained the "Green Building Materials Product Certification" issued by China Building Materials Inspection and Certification Group, and have also participated in the previous green building materials to the countryside activities;
Beijing New Building Materials Co., Ltd. (000786) At present, the company's gypsum board market share for prefabricated building lightweight wall materials is about 50%, and its leading position in the industry is stable;
3Trees (603737) is a leading domestic coating company, striving to build a comprehensive supplier of green building materials for a better life.
【Event】
High-tech development: major asset restructuring has been terminated, and there is significant uncertainty about whether it can continue to advance
High-tech Development (000628) issued an announcement on stock trading changes and risk warnings, saying that the company's major asset restructuring has been terminated, and there is a major uncertainty risk in whether it can continue to advance in the future. The company reminds investors that there are uncertainties about whether the company can obtain control of Huakun Zhenyu in the future, the time to obtain control, and the transaction plan.
*ST Zuojiang: May be terminated from the listing and suspended from April 29
*ST Zuojiang (300799) announced that according to the "2023 Annual Report" disclosed by the company, the company's audited net profit is negative and the operating income is less than 100 million yuan, and the company's 2023 annual financial statements have been issued with an audit report with a non-standard audit opinion, and the company's shares will be terminated from listing. Trading in the company's shares will be suspended from the market open on April 29, 2024.
JinkoSolar: No casualties caused by the fire accident at the subsidiary and insurance has been reported
JinkoSolar (688223) announced that at around 15 pm on April 26, a fire broke out on the roof of the first phase of the slice battery workshop of Shanxi JinkoSolar No. 2 Intelligent Manufacturing Co., Ltd., a wholly-owned subsidiary of the company, causing a fire accident. With the help of the local fire emergency department, the fire has been brought under control and extinguished. At present, the specific cause of the fire accident is being investigated and verified. The accident did not cause casualties, and the plant, equipment and inventory at the accident site were damaged to a certain extent, and the specific losses are being verified and assessed, which is initially expected to have a certain impact on the annual performance of 2024. The company has insured property insurance for the damaged assets, and has reported to the insurance company, and the relevant insurance loss verification and claim work is being carried out in an orderly manner.
Rising Nonferrous Metals: Due to the small production capacity, the holding subsidiary Heli Company stopped production
Guangsheng Nonferrous Metals (600259) announced that its holding subsidiary, Longnan Heli Rare Earth Smelting Co., Ltd. (hereinafter referred to as "Heli Company"), recently received the "Notice of Suspension of Production" from the Longnan Municipal Government of Jiangxi Province. At present, Heli Company has implemented the suspension of production as required, and the suspension of production has no material adverse impact on the company's future revenue and profit. In addition, Rising Nonferrous Metals released a quarterly report, achieving operating income of 1.753 billion yuan in the first quarter of 2024, a year-on-year decrease of 71.73%, and a net profit loss of 304 million yuan, a year-on-year loss. Affected by the decline in the price of rare earth products, the gross profit recognized by the company in the first quarter decreased and the loss of inventory decline increased.
Chongqing Gas: The charges for problems have been fully cleared
Chongqing Gas (600917) disclosed on the evening of April 28 the rectification of the investigation results of the joint investigation team on the problems reported by the masses in the gas field in Chongqing. As of 12 o'clock on April 26, a total of 22,696 customer gas metering and charging complaints were accepted, of which 10,267 were eliminated through communication and doubts, and 12,429 still needed to be verified at home. At present, 11,444 door-to-door inspections have been completed, 8,420 readings have been verified with customers, and 666 have been verified as overcharging and overcharging gas fees. At the same time, the company comprehensively carried out data comparison, self-inspection and self-correction, and found 516 cases of overcharging and overcharging gas fees. The above-mentioned overcharge of 1,182 gas fees, affecting 1218950 cubic meters of gas, involving an amount of 2.8585 million yuan, has been fully cleared and disposed of.
EVE: It is expected that the domestic and foreign large storage markets will maintain a growth rate of 30%-50% throughout the year
EVE 300014 said at the performance briefing on April 26 that the company's energy storage shipment plan for 2024 is more than 50GWh, and the company hopes that energy storage systems will account for more than 15% of energy storage battery shipments in 2024. In addition, the company believes that the domestic and foreign large storage market is expected to continue to maintain rapid growth, and is expected to maintain a growth rate of 30%-50% throughout the year.
Tianshun Wind Energy: The subsidiary plans to sign a processing contract with China Ship Scientific Research Center
Tianshun Wind Energy (002531) announced on the evening of April 28 that recently, Suzhou Tianshun Composite Materials Technology Co., Ltd., a wholly-owned subsidiary of the company, intends to sign a "processing contract" with China Ship Scientific Research Center, and the sales target is unmanned ground effect wing ship structure construction and final assembly joint commissioning project structural materials, mold tooling, static prototype structure construction and structural assembly, test prototype structure construction and final assembly joint commissioning services, with a total contract amount of 34.5 million yuan. The signing of this contract marks a major breakthrough in the field of new materials, and has a positive impact on the zero-carbon composite sector to continue to expand the manufacturing business of large-scale composite structural parts in the shipbuilding and aerospace fields, but the contract amount is low and has no substantial impact on the company's operating performance this year.