Issue 379
2024-04-30
Spotlight events
The latest statement of the China Securities Regulatory Commission: Listed companies cannot use ESG "clothing" for excessive packaging
On April 29, the relevant person in charge of the Listing Department of the China Securities Regulatory Commission said at the parallel forum of the Zhongguancun Forum "ESG Helps the Construction of a Beautiful China" that the China Securities Regulatory Commission will continue to evaluate the adaptability of the "Guidelines for Sustainability Reporting of Listed Companies", further improve the rules in light of the actual situation, and study and promote more companies to disclose their sustainability reports. At the same time, listed companies cannot mislead investors by providing inaccurate information through the "coat" of ESG, and the CSRC will continue to improve its regulatory capabilities and continue to strengthen supervision.
The latest statement of the China Securities Regulatory Commission: Listed companies cannot use ESG "clothing" for excessive packaging
The real estate sector exploded, and nearly 30 stocks rose to the limit!
On April 29, A-shares and Hong Kong stocks rose at the same frequency, and the real estate sector collectively rose sharply.
On the disk, nearly 30 shares of Vanke A, China Fortune and Gemdale Group rose to the limit, and the main net flow of Vanke A was 842 million yuan; in Hong Kong stocks, the share price of Vanke rose nearly 20%, Huijing Holdings rose by more than 50% intraday, and China Aoyuan and Jingrui Holdings rose by more than 40%.
"The real estate stocks rose sharply during the day, which was believed to be related to market rumors of 'real estate policy direction'. Yan Yuejin, research director of the E-House Research Institute, said in an interview with a reporter from Dahe Finance Cube. Some brokerage institutions believe that more policies are expected due to the downward trend of investment due to fundamental pressure.
Nearly 30 stocks have risen and stopped! This sector has suddenly exploded
Macro news
State Administration of Financial Regulation: It is strictly forbidden for enterprise groups to interfere with the operation of their financial companies beyond their authority
On April 29, the State Administration of Financial Supervision and Administration issued the "Guiding Opinions on Promoting the Standardized and Healthy Development of Financial Companies of Enterprise Groups and Improving the Quality and Efficiency of Supervision". It mentions that it is strictly forbidden for enterprise groups to abuse shareholder rights, interfere in the operation and management of financial companies beyond their authority, misappropriate funds of financial companies in violation of regulations, manipulate financial companies to pursue short-term interests, carry out improper financing in violation of regulations, entrust or indirectly entrust others to hold or manage the equity of financial companies, pledge equity or establish trusts in violation of regulations, etc.
State Administration of Financial Regulation: It is strictly forbidden for enterprise groups to interfere with the operation of their financial companies beyond their authority
Industry dynamics
Report: China's game market revenue in March was 23.417 billion yuan, down 5.86% month-on-month
The Game Working Committee of the China Audio and Digital Association released the monthly report on China's game industry in March 2024. The report pointed out that this month, as the heat of the Spring Festival subsided, the domestic mobile client game market declined month-on-month due to the decrease in the number and intensity of mobile and client activities, as well as the difficulty in supporting the increment of new product performance.
In March 2024, the revenue of China's game market was 23.417 billion yuan, down 5.86% month-on-month and 7.18% year-on-year, of which the actual sales revenue of China's mobile game market was 16.953 billion yuan, down 7.13% month-on-month and 8.75% year-on-year, and the actual sales revenue of China's client game market was 5.528 billion yuan, down 2.02% month-on-month and 0.39% year-on-year. The actual sales revenue of China's self-developed games in overseas markets was 1.427 billion yuan, an increase of 5.98% month-on-month and 11.34% year-on-year.
The five major banks collectively revealed the interim dividend arrangement, and ICBC clarified that the annual dividend will be deducted from the part that has been distributed
On the evening of April 29, China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, and Bank of Communications simultaneously issued an announcement on the resolution of the board of directors, stating that they would review and approve the relevant arrangements for interim profit distribution in 2024. According to a number of banks, the total interim cash dividend for 2024 will not exceed 30% of the group's profit after tax attributable to shareholders of the bank for the current period.
Company Spotlight
Kweichow Moutai: Recommend Zhang Deqin as the company's director and chairman candidate
On April 29, Kweichow Moutai issued an announcement that, according to the relevant documents of the Guizhou Provincial People's Government, Zhang Deqin was recommended as a director and chairman of Kweichow Moutai Co., Ltd., and Ding Xiongjun was no longer the chairman and director of the company.
Huawei will hold a global innovative product launch conference on May 7, and the new wearable device will be unveiled
Huawei announced that it will hold an "innovative product launch" in Dubai on May 7, 2024, during which the products to be launched include: new wearables, new MateBook series laptops, and new MatePad series tablets.
Another leading enterprise announced the successful completion of nearly 100 million yuan in financing
On April 29, the reporter of Dahe Finance Cube learned that VOLANT Aviation, the head enterprise of China's low-altitude economy, announced the successful completion of nearly 100 million yuan A+ round of financing, which was led by Huaqiang Capital and co-invested by Jingkai Capital, and Gengxin Capital served as the exclusive financial advisor for this round of financing.
The financing will be used to continue to promote the flight test and test of the VE25 X1 demonstrator, the R&D and manufacturing of the product AC101, accelerate the development of the model and develop the commercial passenger market.
Just now, another leading enterprise announced that it had successfully completed nearly 100 million yuan in financing
Xu Ji Electric made a profit of 237 million yuan in the first quarter
On the evening of April 29, Xu Ji Electric disclosed the first quarter report of 2024. In the first quarter, the revenue was 2.81 billion yuan, down 15.09% year-on-year, and the net profit attributable to the parent company was 237 million yuan, down 47.39% year-on-year.
BYD shares: net profit in the first quarter was 4.569 billion yuan, a year-on-year increase of 10.62%
On April 29, BYD announced on the Hong Kong Stock Exchange that in the first quarter of 2024, it achieved operating income of 124.944 billion yuan, a year-on-year increase of 3.97%, and net profit attributable to shareholders of listed companies of 4.569 billion yuan, a year-on-year increase of 10.62%.
Midea Group submitted a listing application to the Hong Kong Stock Exchange again
On April 29, Hong Kong Stock Exchange documents showed that Midea Group Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, and the joint sponsors were CICC and BofA Securities.
Midea Group submitted a listing application to the Hong Kong Stock Exchange again
Lotus Health will make a profit of 130 million yuan in 2023, a year-on-year increase of 181%
On the evening of April 29, Lotus Health disclosed its 2023 annual report and 2024 first quarter report.
In 2023, Lotus Health will sell 158,600 tons of monosodium glutamate, 26,300 tons of chicken essence, and 26,400 tons of flour. The company achieved operating income of 2.101 billion yuan, a year-on-year increase of 24.23%, net profit attributable to shareholders of listed companies of 130 million yuan, a year-on-year increase of 181.26%, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 118 million yuan, a year-on-year increase of 89.03%.
In the first quarter of this year, Lotus Health's profitability continued to improve, achieving revenue of 576 million yuan, a year-on-year increase of 26.45%, and net profit attributable to the parent company of 49.22 million yuan, a year-on-year increase of 134.54%.
Kaisheng New Energy turned from profit to loss in the first quarter: the price of photovoltaic glass fell, and the gross profit margin fell year-on-year
On April 29, Kaisheng New Energy disclosed its first quarter report for 2024.
In the first three months of this year, Kaisheng New Energy achieved revenue of 1.438 billion yuan, basically the same as the same period last year, and the net profit attributable to the parent company was -6.35 million yuan, a year-on-year change from profit to loss, down 151.04%, and a profit of 12.4462 million yuan in the same period last year. Regarding the decline in performance, Kaisheng New Energy said that the gross profit margin declined year-on-year mainly due to the decline in photovoltaic glass prices.
FII: Net profit in the first quarter increased by 33.77% year-on-year
On April 29, FII disclosed a quarterly report, with an operating income of 118.688 billion yuan in the first quarter, a year-on-year increase of 12.09%, and a net profit of 4.18 billion yuan, a year-on-year increase of 33.77%. During the reporting period, the company's cloud computing business revenue accounted for nearly 50% of the overall revenue, AI servers accounted for nearly 40% of the overall server revenue, and the AI server revenue nearly doubled year-on-year, showing a nearly double-digit ratio growth month-on-month, in addition, the generative AI server increased nearly threefold year-on-year, and also showed a double-digit ratio growth month-on-month.
Shanghai Pudong Development Bank 2024 Q1 Report: Net profit increased by 10.04% year-on-year
On April 29, the first quarter report of Shanghai Pudong Development Bank in 2024 showed that in the first quarter, the operating income (group caliber) was 45.328 billion yuan, and the net profit attributable to shareholders of the parent company was 17.421 billion yuan, a year-on-year increase of 10.04%.
Yutong Heavy Industry's revenue in the first quarter exceeded 700 million yuan, and the net profit attributable to the parent company was 31.7269 million yuan
On April 29, Yutong Heavy Industry announced the first quarter report of 2024, with revenue of 702 million yuan, a year-on-year increase of 11.82%, a net profit attributable to the parent company of about 31.7269 million yuan, a year-on-year increase of 8.29%, a non-net profit attributable to the parent of about 26.2083 million yuan, a year-on-year increase of 4.12%, and basic earnings per share of 0.0586 yuan, a year-on-year increase of 9.33%.
Anyang Iron and Steel: The revenue in 2023 will be 42.1 billion yuan, a significant reduction of 1.447 billion yuan
On April 29, Anyang Iron and Steel disclosed its 2023 annual report. For the whole year, the operating income was 42.151 billion yuan, a year-on-year increase of 7.43%, and the net profit loss attributable to the parent company was 1.554 billion yuan, a year-on-year decrease of 1.447 billion yuan.
Rebecca: In 2023, it will make a profit of 12.3 million yuan and plan a cash dividend of 11.32 million yuan
On April 29, Rebecca disclosed its 2023 annual report. For the whole year, the operating income was 1.226 billion yuan, a year-on-year decrease of 2.57%, and the net profit attributable to the parent company was 12.3023 million yuan, a year-on-year decrease of 63.75%. It is proposed to distribute a cash dividend of 0.1 yuan (tax included) to all shareholders for every 10 shares, with a total cash dividend of 11.3199 million yuan (tax included), no bonus or increase.
Far East Transmission: net profit in the first quarter increased by 48.53% year-on-year
On April 29, Far East Transmission disclosed its first quarter report for 2024. In the first quarter, the operating income of Far East Transmission was 315 million yuan, a year-on-year increase of 6.28%, and the net profit attributable to shareholders of listed companies was 25.4311 million yuan, a year-on-year increase of 48.53%.
Jiaozuo Wanfang: net profit in the first quarter increased by 496.87% year-on-year
On April 29, Jiaozuo Wanfang disclosed its first quarter report for 2024.
According to the report, Jiaozuo Wanfang achieved revenue of 1.324 billion yuan in the first quarter, a year-on-year increase of 19.60%, net profit attributable to shareholders of listed companies was 141 million yuan, a year-on-year increase of 496.87%, and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 148 million yuan, a year-on-year increase of 551.81%.
Zhengzhou Coal Power: Net profit fell 49.57% in the first quarter
On April 29, Zhengzhou Coal Power disclosed its report for the first quarter of 2024. In the first three months of this year, the operating income was 1.138 billion yuan, a year-on-year decrease of 3.41%, and the net profit attributable to the parent company was 33.825 million yuan, a year-on-year decrease of 49.57%.
As for the reasons for the decline in profits, Zhengzhou Coal Power said that it was mainly due to the decrease in coal selling prices and the decrease in net profit compared with the same period.
China Southern Airlines: Purchased 100 C919 series aircraft
China Southern Airlines announced on the Hong Kong Stock Exchange that it entered into the agreement with COMAC to purchase 100 C919 series aircraft from COMAC.
Vanke: net loss of 362 million yuan in the first quarter, a year-on-year loss
Vanke announced on the Hong Kong Stock Exchange that its operating income in the first quarter of 2024 was 61.594 billion yuan, a year-on-year decrease of 10.05%, with a net loss of 362 million yuan, compared with a net profit of 1.446 billion yuan in the same period last year.
BOE A: net profit in the first quarter increased by 297.8% year-on-year
BOE A disclosed a quarterly report with a net profit of 980 million yuan in the first quarter of 2024, a year-on-year increase of 297.80%.
Sinopec personnel changes: Zhao Dong is the president, and Yu Baocai, the former president, is the senior vice president
On April 28, Sinopec (share price 6.26 yuan, market value 762.1 billion yuan) announced that Yu Baocai resigned as president of Sinopec due to work reasons. The Board of Directors appointed Zhao Dong as President of Sinopec and adjusted him to Executive Director for a period of time from the date of approval by the Board of Directors to the expiration of the term of the eighth session of the Board of Directors.
In accordance with the provisions of the Articles of Association of the Company, the Board of Directors appointed Wan Tao and Yu Baocai as Senior Vice Presidents of Sinopec Corp for a period of time from the date of approval by the Board of Directors to the expiration of the term of the eighth session of the Board of Directors.
Sinopec personnel changes: Zhao Dong is the president, and Yu Baocai, the former president, is the senior vice president
Investment mantras
Markets are also often in a state of flux, and investors who can discount the obvious and bet on things that others don't expect will surely make big profits.
- Rogers
Editor-in-charge: Liu Anqi | Review: Li Zhen | Supervisor: Wan Junwei