Important News Alert
The Shenzhen Municipal Housing and Construction Bureau issued the "Notice on Further Optimizing the Real Estate Policy", and a number of companies plan to terminate the listing of Zhengdan shares: trading will be suspended from the opening of the market on May 7
Tip of the day
Huawei held a global launch conference for its innovative products today
On May 7, the State Council Information Office held a press conference on "Accelerating the Construction of an Important Strategic Fulcrum for the Rise of the Central Region and Striving to Promote the Practice of Chinese-style Modernization in Hubei".
Apple will host a special event on May 7 at 10 p.m. Beijing time, where it may announce new iPad devices and accessories
Today, the central bank has 440 billion yuan of 7-day reverse repurchase due
Financial news
1. According to the website of the Ministry of Human Resources and Social Security on May 6, recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, and the State Administration of Taxation jointly issued the "Notice on Continuing the Implementation of the Policy of Unemployment Insurance to Assist Enterprises and Stabilize Jobs", and the "Notice" clearly continued to implement three policy measures to benefit enterprises and benefit the people. In terms of burden reduction, the policy of reducing unemployment insurance premiums to 1% in stages will be extended until the end of 2025. For details, see the report "Three Departments Issued a Blockbuster Document! Launched a Package of Unemployment Insurance Policies to Help Enterprises Stabilize Jobs"
2. On May 6, the Shenzhen Municipal Bureau of Housing and Construction issued the "Notice on Further Optimizing the Real Estate Policy", which further optimizes the real estate policy from the aspects of optimizing the housing purchase restriction policy by zoning, adjusting the policy of enterprises and institutions to purchase commercial housing, and improving the convenience of second-hand housing transactions. The notice shall be implemented from the date of issuance.
The "Notice" clarifies that Shenzhen households with two or more minor children may, on the basis of the implementation of the existing housing purchase restriction policy, purchase one more house within the scope of Yantian District, Bao'an District (excluding Xin'an Street and Xixiang Street), Longgang District, Longhua District, Pingshan District, Guangming District and Dapeng New District.
Families with non-Shenzhen household registration and adult singles (including divorced) are limited to one house, and the individual income tax and social insurance payment requirements are adjusted from three years to one year for the purchase of housing in Yantian District, Bao'an District (excluding Xin'an Street and Xixiang Street), Longgang District, Longhua District, Pingshan District, Guangming District and Dapeng New District.
3. On May 6, the Wuhan Municipal Bureau of Housing Security and Housing issued the "Notice on Further Optimizing and Improving Policies and Measures to Promote the Stable and Healthy Development of the Real Estate Market in Wuhan", introducing 10 measures to strengthen housing provident fund loans, implement a new transaction model of "selling the old and buying the new", adjust the identification standards for the number of housing loans for families, and optimize the management of the "white list" of real estate development enterprises. For details, see the report "Wuhan Property Market, Enlarge Moves!"
4. According to data released by the Ministry of Finance, from January to March, the total operating income of state-owned enterprises was 19,811.18 billion yuan, a year-on-year increase of 3.2%. The total profit of state-owned enterprises was 1,075.76 billion yuan, a year-on-year increase of 2.8%. The taxes payable by state-owned enterprises were 1,603.06 billion yuan, a year-on-year increase of 0.9 percent. At the end of March, the asset-liability ratio of state-owned enterprises was 65.0 percent, up 0.3 percentage points.
5. According to data released by the Ministry of Transport on May 6, during the Labor Day holiday (May 1-May 5), the cross-regional flow of people in the whole society was 1,358,462,700, with a daily average of 271,693,000, an increase of 23.7% over the same period in 2019 (during the Labor Day holiday, the same below) and an increase of 2.1% over the same period in 2023.
According to the monitoring data of the State Post Bureau, during this year's "May Day" holiday, the national postal express industry collected 4.032 billion express parcels. Among them, 1.999 billion express parcels were collected, with an average daily delivery volume of 32.7% year-on-year, and 2.033 billion express parcels were delivered, with an average daily delivery volume of 28.6% year-on-year.
According to the Ministry of Commerce's business big data monitoring, during the May Day holiday in 2024, the sales of key retail and catering enterprises across the country increased by 6.8% compared with the same period last year (April 29 to May 3, 2023).
6. On May 6, the National Health Commission and other eight departments issued the "Opinions on Strengthening the Capacity Building of Critical Care Medical Services", which clarified that by the end of 2025, the number of intensive care beds (including comprehensive ICU beds and specialized ICU beds, the same below) will reach 15 per 100,000 people, and the number of convertible intensive care beds will reach 10 per 100,000 people, and the ratio of comprehensive ICU beds to doctors in relevant medical institutions will reach 1:0.8, and the bed-to-nurse ratio will reach 1:3. By the end of 2027, the number of intensive care beds nationwide will reach 18 per 100,000 people, and the number of convertible intensive care beds will reach 12 per 100,000 people.
7. The National Development and Reform Commission reported on May 6 that recently, Zheng Shajie, director of the National Development and Reform Commission, presided over the second symposium on large-scale equipment renewal and consumer goods trade-in, and discussed and exchanged views with the heads of private enterprises such as Tianneng Holding Group, Xizi United, United Imaging Group, and Canny Elevator, and listened carefully to the demands and suggestions of entrepreneurs for large-scale equipment renewal work. Zheng Shajie said that in the next step, the National Development and Reform Commission will strengthen overall coordination, work with relevant departments and local governments to arrange central investment to support eligible equipment renewal and recycling projects, play a good role in the combination of fiscal, tax, financial and other policies, strengthen factor guarantees, and promote the industry to "new". At the same time, the equipment update will also focus on the field of people's livelihood, improve the quality of public services, improve the comfort of people's lives, and allow enterprises and the masses to share the dividends of China's high-quality development.
8. Xinhua News Agency, the "Hainan Free Trade Port Multi-functional Free Trade Account Business Management Measures" came into force on the 6th. On the same day, the multi-functional free trade account of the Hainan Free Trade Port was also officially launched, marking a key step towards the goal of free and convenient cross-border capital flow in the Hainan Free Trade Port.
Company News
1. A number of companies intend to terminate their listings
*ST medium-term: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares. *ST Zuojiang: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares. *ST Yuebo: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares. *ST Sansheng: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares. *ST Tai'an: The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares.
2. Huatie Emergency: On the evening of May 6, it announced that it plans to invest 1 billion yuan to carry out intelligent computing business, and obtain income by providing customers with GPU-level high-end computing resource leasing and value-added technical services. The company will purchase chips, servers and other computing power-related equipment, and conduct networking, debugging, and stress testing of computing equipment, and build an intelligent computing center.
3. Changan Automobile: On the evening of May 6, it was announced that the company had signed a "Memorandum of Investment Cooperation" with Huawei Technologies Co., Ltd. The company's investment cooperation project with Huawei is currently being actively promoted. As of the disclosure date of the announcement, the company has basically completed the financial, legal, business and technical due diligence involved in this project. At present, the two parties are in further negotiations on the key terms of the transaction. Based on the latest project progress, the Company expects to sign the definitive transaction documents no later than August 31, 2024.
4. Blue Biotech: On the evening of May 6, the company issued an announcement on abnormal fluctuations in stock trading, and the company's main business is the research and development, production and sales of enzyme preparations, microecological preparations and animal health products. The synthetic biotechnology innovation laboratory disclosed in the previous periodic report is mainly used for the research and development of functional proteins, sweeteners, etc., but the R&D projects in reserve are small, the investment amount is small, and it is still in the early stage of research and development, and does not yet have the conditions for industrialization.
5. Business Performance
Great Wall Motor: Sales in April were 94,796 units, a year-on-year increase of 1.8%.
Novozan intends to pay dividends in mid-2024.
Vanke A: The contracted sales amount in April was 20.89 billion yuan.
Muyuan shares: The sales revenue of live pigs in April was 9.153 billion yuan, and the average sales price of commercial pigs was 14.80 yuan/kg.
Huanrui Century: The company's income from the movie "Peacekeeping Anti-riot Team" is about 300,000 yuan.
Western animal husbandry: 3010.81 tons of fresh milk were produced in April, a year-on-year decrease of 10.46%.
Baiyun Airport: Passenger throughput increased by 2.86% year-on-year in April.
Yutong bus: bus sales in April increased by 62.13% year-on-year.
Shaanxi Coal Industry: Self-produced coal sales in April increased by 1.68% year-on-year.
*ST Hanma: In April, 718 medium and heavy trucks were sold, a year-on-year increase of 38.08%.
6. China Merchants Shipping: On the evening of May 6, China Merchants Airlines announced that four single-ship companies under its subsidiary, China Merchants Gas Transport, and QatarEnergy held a signing ceremony for the 25+5-year "Long-term Transportation Agreement" for four QCMAX LNG carriers in Beijing. After the ceremony, the two sides signed the agreement and entered into force on May 2. On the same day, the "Ship Construction Agreement" with Hudong Shipyard on four QCMAX LNG carriers was signed and came into effect, with a total ship cost of about 10 billion yuan.
7. Zhengdan shares: On the evening of May 6, the company announced that the company's shares and convertible bonds have fluctuated greatly in recent trading prices, and in order to safeguard the interests of investors, the company will suspend trading for verification of the abnormal fluctuations in recent stock and convertible bond transactions. Upon application, the company's shares and convertible bonds will be suspended from the market open on May 7, 2024, and will resume trading after the company completes the relevant verification work and discloses the verification results.
Zhengdan shares hit the 20% daily limit at the end of the 6th, with a turnover of more than 1.5 billion yuan, ranking first in the list of hot flush stocks on the same day. The stock has risen by more than 450% since April.
8. Shengda Biotech: On the evening of May 6, it announced that the synthetic biology platform disclosed by the company in the early stage currently has a platform for strain construction, high-throughput screening, detection and fermentation. The "Demonstration of Whole Biosynthesis Technology and Green Manufacturing of Major Vitamin Products" jointly developed by the company and Zhejiang University aims to solve the problem of the use of toxic chemicals and high risk levels in the traditional D biotin production process. At present, it has passed the small test verification and fermentation process optimization, and has obtained 1 invention patent, but it does not yet have the conditions for industrialization.
Shengda Biotech has recorded 3 daily limits in the past 4 trading days, with a cumulative increase of more than 42%.
9. Salt Lake Co., Ltd.: On the evening of May 6, it was announced that the controlling shareholder Qinghai Guotou intends to carry out strategic cooperation with China Minmetals Corporation in jointly building a world-class salt lake industrial base and building a world-class salt lake industrial group (controlled by China Minmetals), which involves the company and may involve changes in the company's controlling shareholders and actual controllers. As of now, matters related to this cooperation are under negotiation.
10. AITO Automobile: On the afternoon of May 6, AITO Automobile's official Weibo released a description of technical issues related to the traffic accident of the new M7 Plus Expressway in Shanxi Wenjie. AITO said that after the accident, AITO actively cooperated with the traffic police department to carry out the accident investigation, provided all necessary data to restore the cause of the accident, and the specific investigation results were subject to the notification of the traffic police department, and responded to the four technical questions that were questioned. For details, see the report "Just now, AITO Automobile responds to the four major questions about the new M7 accident in the world!"
Selected Research Reports
Guosen Securities Research Report believes that the current valuation level of the banking sector is at a low level, and after the adjustment of the interest rate of the existing housing loan, the potential negative impact of the sector has been significantly reduced, which means that the downside risk of valuation is small. If the subsequent LPR does not decline significantly, the performance in the first quarter of 2024 may be the bottom area in recent years for most listed banks. Subsequently, with the macroeconomic recovery, it is expected to promote the valuation repair of the banking sector and maintain the "overweight" rating of the industry.
Guojin Securities Research Report said that since 2023, the growth rate of self-produced gold costs of gold industry companies has slowed down, and it is expected that the performance of gold stocks will perform better this year under the condition of rising gold prices and relatively stable costs. Gold stocks are expected to usher in a major upward wave. In the second and third quarters, the price center of copper is expected to rise further when the domestic social inventory is effectively depleted. The expectation gap between the electrolytic aluminum sector is large, and the recent domestic real estate support policies continue to strengthen, and the pessimistic expectations of the equity market for the demand for electrolytic aluminum in the real estate side are expected to be repaired.
Reporter: Jiao Yuanyuan Editor: Zhang Diange Proofreader: Zhang Lijing
Producer: Yu Zhe Issued by: Fei Yangsheng
