Today's attention //
1. The Cyberspace Administration of China (CAC) has deployed and launched a special action to "Clear and Crack Down on Illegal Information External Links".
2. A brokerage firm issued a notice: employees' spouses and parents are not allowed to have stock accounts with external brokers.
3. Sinopec's net profit in the first quarter fell by 8.9% year-on-year.
4、Republic First Bancorp成为美国今年首家倒闭银行。
5. Deng Xiaofeng and Feng Liu's latest positions are exposed, and the 2 mysterious private placements are cleared of Moutai?
6. Xiaomi said that the news of planning three SUV models was untrue.
Macro Warning //
1. The Cyberspace Administration of China (CAC) has deployed and launched a special action to "Clear and Crack Down on Illegal Information External Links".
The Cyberspace Administration of China (CAC) recently issued a special notice to deploy a two-month special action nationwide to "Clear and Crack Down on Illegal Information External Links". This special action focuses on 8 key links that are prone to occur frequently in the problem of illegal information external links: one is the account link, the second is the comment link, the third is the group circle link, the fourth is the live broadcast and short video link, the fifth is the life service link, the sixth is the browser and search engine link, the seventh is the e-commerce link, and the eighth is the section involving minors.
2. The Cyberspace Administration of China held a symposium on the reporting of online infringement involving enterprises
The Cyberspace Administration of China (CAC) convened a symposium on the reporting of online infringement involving enterprises, calling for further efforts to strengthen the reporting of online infringement involving enterprises, making good use of the special area for reporting infringement involving enterprises, clarifying the identification of the special area, improving the reporting guidelines, strengthening case guidance, standardizing the requirements for presenting evidence, and helping enterprises to effectively report. It is necessary to strictly supervise and inspect reports related to enterprises, establish a work ledger, and consolidate the main responsibility for the acceptance and disposal of reports on website platforms.
China Bond Alert //
1. Baolong Real Estate: The plan creditors of more than 88% of the total outstanding principal of the debt have signed a restructuring support agreement
Powerlong Real Estate announced on the Hong Kong Stock Exchange that the company is pleased to announce that at the deadline for agreeing to expenses (i.e., 5 p.m. on April 26), the scheme creditors who hold more than 88% of the total outstanding principal amount of the debt within the scope have signed a restructuring support agreement.
2. Wuxi Lingshan Cultural Tourism Group: Cancel the issuance of "24 Lingshan SCP002"
Wuxi Lingshan Cultural Tourism Group Co., Ltd. announced that in view of the recent market volatility and the change of the company's financing arrangement, it was decided to cancel the issuance of "24 Lingshan SCP002" and will re-issue it at the right time.
3. Jinneng Holding Coal Group: Cancel the issuance of "24 Jinneng Coal MTN008"
Jinneng Holding Coal Group Co., Ltd. announced that in view of the recent sharp fluctuations in the market, it decided to cancel the issuance of "24 Jinneng Coal MTN008" and re-issue it at a later time.
4. Suqian Chengtou: "22 Suqian Chengtou MTN003" was cancelled
Suqian City Construction Investment (Group) Co., Ltd. announced on April 28, 2024 that in view of the recent market volatility, it has decided to cancel the issuance of "22 Suqian City Investment MTN003", and the follow-up issuance plan will be announced separately.
5. Wuxi Venture Capital: "24 Wuxi Innovation MTN001" was cancelled
Wuxi Innovation Investment Group Co., Ltd. announced on April 28, 2024 that it will cancel the issuance of "24 Wuxi Innovation MTN001", and the follow-up issuance plan will be announced separately.
6. Jingzhou Development Group, Jingzhou City: The company received a warning letter from the Hubei Securities Regulatory Bureau
Jingzhou Jingzhou Development Group Co., Ltd. announced that the company received a warning letter from the Hubei Securities Regulatory Bureau. From March to July 2023, part of the proceeds raised by the corporate bond "23 Jingkai G2" were not used for the purposes agreed in the prospectus.
7. Shen Defa, former secretary of the Party committee and chairman of Zhejiang Construction Investment, was arrested by decision
The case of Shen Defa, former secretary of the party committee and chairman of Zhejiang Construction Investment Group Co., Ltd., who was suspected of accepting bribes and abusing power by personnel of a state-owned company, was investigated by the Zhejiang Provincial Supervision Commission and transferred to the procuratorate for review and prosecution.
8. Jin Shiqi International Holdings: Unable to disclose the financial statements for the first quarter of 2024 on schedule
Jin Shiqi International Holdings Co., Ltd. announced that it could not disclose the financial statements for the first quarter of 2024 on schedule.
9. Ningbo Construction Engineering: The cumulative new borrowings in the first quarter accounted for 21.22% of the net assets at the end of the previous year
Ningbo Construction Engineering Co., Ltd. announced that the cumulative amount of new borrowings in the first quarter was 1.117 billion yuan, and the cumulative new borrowings accounted for 21.22% of the net assets at the end of the previous year.
China Stock Alert //
1. Sinopec: net profit in the first quarter fell by 8.9% year-on-year
Sinopec announced that its operating income in the first quarter was 789.97 billion yuan, down 0.2% year-on-year, and its net profit was 18.316 billion yuan, down 8.9% year-on-year.
2. Liu Jie of Li Auto responded to the logic of price reduction: he made a wrong judgment on the market trend
Liu Jie of Li Auto responded to the logic of price reduction, saying that he has seen a problem since March, and he is too optimistic about the market forecast for this year. Although the price has been adjusted, the price segment for different products still needs to be clear to consumers. Li Auto will not reduce the L7 to less than 300,000 yuan and the L9 to less than 400,000 yuan, of course, the company has sacrificed a lot of gross profit.
3. JinkoSolar: A fire accident occurred in a wholly-owned subsidiary
JinkoSolar announced that a fire accident occurred on the roof of the first phase of the sliced battery workshop of Shanxi Jinko, a wholly-owned subsidiary. After the accident, the company immediately activated the emergency plan, quickly took measures to evacuate the personnel, and fully cooperated with the local fire department to implement on-site fire extinguishing and rescue. At present, the specific cause of the fire accident is under investigation and verification.
4. Bright Dairy: net profit in the first quarter decreased by 8.07% year-on-year
Bright Dairy announced that its operating income in the first quarter was 6.42 billion yuan, down 9.25% year-on-year, and its net profit was 172 million yuan, down 8.07% year-on-year.
5. Rising Nonferrous Metals: The holding subsidiary was suspended
Guangsheng Nonferrous Metals announced that its holding subsidiary Heli Company received the "Notice of Suspension of Production", due to the small production capacity of Heli Company, verified by the industry and information technology departments of Jiangxi Province and Ganzhou City, it is a rare earth separation project eliminated in the "Industrial Structure Adjustment Guidance Catalog" (2024), and Heli Company was ordered to stop production immediately from the date of receipt of the notice.
6. Zhongfu Industry: net profit in the first quarter decreased by 78.07% year-on-year
Zhongfu Industrial announced that the operating income in the first quarter was 5.18 billion yuan, a year-on-year increase of 28.19%, and the net profit was 44 million yuan, a year-on-year decrease of 78.07%.
Overseas Warning //
1. Republic First Bancorp was shut down by regulators, becoming the first bank in the United States to fail this year
Republic First Bancorp was shut down by regulators, becoming the first U.S. bank to fail this year. Fulton Bank will acquire the bank's assets.
2. The ITC of the United States issued a 337 part final ruling on photovoltaic connectors and their components
The U.S. International Trade Commission (ITC) announced that it has made a Part 337 Final Ruling on Certain Photovoltaic Connectors and Their Components (Investigation Code: 337-TA-1365): The preliminary ruling (No. 29) rendered by the administrative law judge in this case on April 2, 2024 will not be reviewed, that is, the investigation into Item 8 of U.S. Patent No. 11,689,153 will be terminated based on the withdrawal of the applicant.
3. An emergency slide fell off of a Boeing passenger plane during flight
Shortly after takeoff, an American Delta Air Lines Boeing 767 plane suddenly fell off the emergency slide on board, and the plane was forced to turn around and return to New York's JFK International Airport. Delta said it is working hard to salvage the slide and will cooperate with the investigation.
4. Tesla will lay off 693 employees at its Nevada plant
Tesla plans to lay off 693 employees at its Sparks, Nevada, plant as part of a 10% global layoff plan it announced earlier this month, according to a notice filed with the Nevada Department of Employment, Training and Rehabilitation. According to Tesla's previous WARN notices filed with Texas and California, the company will lay off 3,332 jobs in California and 2,688 in Texas, affecting more than 6,000 positions in total.
5. General Motors announced the closure of its plants in Colombia and Ecuador
General Motors said in a statement that it will close its production operations in Colombia and Ecuador as part of its shift to producing next-generation vehicles.
6. Nestle responds to the destruction of 2 million bottles of Perrier: heavy rainfall pollutes some water sources, and the products do not flow into the market
In response to the destruction of 2 million bottles of Perrier, Nestlé said that it had destroyed a water well due to heavy rainfall, so it destroyed the products that could have been involved in the Perrier water, which did not enter the market.
7. Bosch responds to the traffic accident in Yuncheng, Shanxi: The vehicle involved was not equipped with the Bosch intelligent driving system
Bosch responds to the traffic accident in Yuncheng, Shanxi: Concerned about the recent traffic accident in Yuncheng, Shanxi, the vehicle involved was not equipped with the Bosch intelligent driving system (including AEB).
Financial Interbank Warning //
1. A brokerage firm issued a notice: employees' spouses and parents are not allowed to have stock accounts with external brokers
Recently, a brokerage firm in East China issued a notice saying that before the end of June this year, the spouses, parents and other stakeholders of other employees of the company need to cancel their stock accounts or transfer them to the company's business department, and they are not allowed to have stock accounts in external brokerages. It is understood that previously, it was a routine operation in the brokerage industry to require employees to declare the relevant information of their family members' securities accounts. However, many brokerages in the industry do not have a mandatory requirement that employees must transfer the accounts of their family members to the company's sales department.
2. Deng Xiaofeng and Feng Liu's latest positions are exposed, and the two mysterious private placements are cleared of Moutai?
With the intensive disclosure of the first quarterly report of listed companies, the latest holdings of tens of billions of private placements have surfaced. The two major private equity Jinhui Rongsheng and Ruifeng Huibang both withdrew from the top ten circulating shareholders of Moutai, Ruijun Xinjin Bull Group, Xuanyuan continued to reposition Hengli Petrochemical, Juming Xinjin Shenghong Technology and other 4 shares, and Renqiao Xinjin SDIC Intelligence.
3. The first quarterly report of 24 securities companies is revealed! Self-operation is still the winner and loser, most of the investment banks have declined, and the asset management has a dark horse......
As of April 27, a total of 24 brokerages have disclosed their first quarter 2024 reports. On the whole, the performance fell more and increased less. There are 14 brokerages in the first quarter revenue and net profit attributable to the parent both declined, the highest decline was Pacific Securities (76.61%). But at the same time, there are also brokerages whose net profit attributable to the parent company has increased by more than 50% year-on-year. Judging from the data related to several businesses, the proprietary business has played a role in winning and losing, and the net fee income performance of the asset management business is also relatively differentiated, with 4 brokerages even increasing by more than 100%.
Industry Warning //
1. It is rumored that Xiaomi Auto plans three SUV models, but the Xiaomi Public Relations Department said that the news is untrue
According to media reports, Xiaomi Auto has begun the development of a new platform that will use a range-extended hybrid powertrain, and the three planned products are all SUV models, targeting family cars. Regarding the report, Wang Hua, general manager of the public relations department of Xiaomi Group, said that the news was untrue.
2. Cross-border e-commerce made its own big moves in April, and Amazon lowered its commission to face it head-on
Recently, Amazon announced that from May 15, it will provide discounts on sales fees for low-priced clothing products in Europe, Japan and Canada. In the eyes of merchants, this move is to deal with competition from platforms such as Temu and Shein.
3. The May Day ticket has "dived" again?
The average daily bookings during the May Day period increased by 37% year-on-year in 2023 and 145% year-on-year in 2019, but the average domestic economy class price decreased by 10% year-on-year in 2023, but still increased by 19% compared to 2019.
4. State Mine Safety Supervision Bureau: By 2026, the proportion of intelligent production capacity of coal mines in the country will not be less than 60%
The State Mine Safety Supervision Bureau issued a notice on the "Guiding Opinions on Deepening the Construction of Intelligent Mines and Promoting the Development of Mine Safety", and by 2026, a complete intelligent standard system for mines will be established, with the proportion of intelligent production capacity of coal mines in the country not less than 60%, and the number of intelligent working faces accounting for no less than 30%.
5. The State Administration for Market Regulation removed all 20 kinds of child safety cushion problem products from the shelves
The State Administration for Market Regulation removed all 20 child safety cushion problem products from the shelves. At the same time, it will further strengthen the guidance and supervision of e-commerce platforms, consolidate the main responsibilities of platforms, urge e-commerce platform enterprises to increase inspection efforts, strictly review commodity information, and promptly dispose of illegal commodity information.
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