China Association of Automobile Manufacturers: Vehicle sales in April 2024 were 2.359 million units, up 9.3% year-on-year
According to data released by the China Association of Automobile Manufacturers, vehicle production and sales in April reached 2.406 million units and 2.359 million units, down 10.5% m/m and 12.5% m/m and up 12.8% and 9.3% y/y, respectively. From January to April, vehicle production and sales reached 9.012 million units and 9.079 million units, up 7.9% and 10.2% y/y, respectively, with production growth increasing by 1.5 percentage points and sales growth decreasing by 0.3 percentage points from January to March.
Shenzhen's new energy vehicle index application conditions have been adjusted, and social security restrictions have been lifted
According to Shenzhen Business Daily, the Shenzhen Municipal Transportation Bureau issued a notice on adjusting the application conditions for the incremental index of new energy cars, revealing that "the social security restrictions on non-Shenzhen household registration personnel applying for the incremental index of new energy cars will be cancelled." Relax the conditions for individuals with only one car registered in Shenzhen to apply for the incremental index of hybrid cars". According to the current "Implementation Rules for the Management of Incremental Regulation and Control of Cars in Shenzhen", this means that citizens only need to hold a residence permit to apply for the incremental index of new energy cars. Individuals who already have 1 Guangdong B license can also apply to buy 1 hybrid car.
China Charging Alliance: From January to April, the incremental ratio of pile vehicles was 1:2.5
According to data released by the China Charging Alliance, from January to April 2024, the increase in charging infrastructure will be 1.017 million units, and the domestic sales of new energy vehicles will be 2.52 million units, and charging infrastructure and new energy vehicles will continue to grow rapidly. The incremental ratio of pile vehicles is 1:2.5, and the construction of charging infrastructure can basically meet the needs of the rapid development of new energy vehicles.
Shenzhen Releases Action Plan for Innovation and Development of Hydrogen Energy Industry (2024-2025)
According to the Shenzhen Municipal Development and Reform Commission, the Shenzhen Hydrogen Energy Industry Innovation and Development Action Plan (2024-2025) has been approved by the municipal government. It is mentioned that by 2025, the scale of the hydrogen energy industry will continue to grow, the innovation ability will continue to improve, a number of key core technologies will be broken through, and the key components and equipment technologies such as stacks, membrane electrodes, bipolar plates, proton exchange membranes, carbon paper, catalysts, hydrogen production equipment, and hydrogen storage devices will reach the domestic leading level, and a number of innovative enterprises with leading technology and strong international competitiveness will be formed. No more than 5 hydrogen refueling stations will be built, no less than 15 innovation carriers will be built, and no less than 20 international and domestic standards in the field of hydrogen energy will be led or revised in our city, and the core competitiveness of the whole industry chain will be steadily improved.
The central bank released the report on China's monetary policy implementation for the first quarter of 2024
The central bank released the report on China's monetary policy implementation for the first quarter of 2024. The report mentions that a prudent monetary policy should be flexible, moderate, precise and effective. We should rationally grasp the relationship between the two largest financing markets, bonds and credit, guide the rational growth and balanced distribution of credit, maintain reasonable and abundant liquidity, and keep the scale of social financing and money supply in line with the expected targets of economic growth and price levels. Maintaining price stability and promoting a moderate recovery in prices should be taken as an important consideration in grasping monetary policy, and policy coordination and cooperation should be strengthened to keep prices at a reasonable level. We will continue to deepen the market-oriented reform of interest rates, give full play to the role of the reform of the loan market prime interest rate and the market-oriented adjustment mechanism of the deposit interest rate, and promote the steady and moderate reduction of corporate financing and household credit costs.
Central Bank: In the first four months of 2024, the cumulative increase in the scale of social financing will be 12.73 trillion yuan
According to central bank data, preliminary statistics show that the cumulative increase in the scale of social financing in the first four months of 2024 was 12.73 trillion yuan, 3.04 trillion yuan less than the same period last year. Among them, RMB loans to the real economy increased by 9.44 trillion yuan, a year-on-year decrease of 1.7 trillion yuan, and foreign currency loans to the real economy increased by 121.3 billion yuan, an increase of 92.6 billion yuan year-on-year.
Shanghai Robot Industry Association: The scale of the mainland robot industry will exceed 20 billion yuan in 2023
According to the Shanghai Robot Industry Association, the scale of China's robot industry will exceed 20 billion US dollars in 2023, and the new installed capacity will account for more than 50% of the world's total. At present, Shanghai has established a complete robot industry chain, with more than 300 related robot machines, parts and integrated application enterprises.
China Association of Automobile Manufacturers: Sales of new energy vehicles in April were 850,000 units, a year-on-year increase of 33.5%
According to data released by the China Association of Automobile Manufacturers, in April, the production and sales of new energy vehicles reached 870,000 and 850,000 units, respectively, an increase of 35.9% and 33.5% year-on-year, respectively, and the market share reached 36%. From January to April, the production and sales of new energy vehicles reached 2.985 million units and 2.94 million units, up 30.3% and 32.3% y/y, respectively, with a market share of 32.4%.
China Iron and Steel Association: Reducing inventory as soon as possible is the primary task of the current industry to ensure efficiency
According to a research report released by the China Iron and Steel Association, the current steel inventory still exceeds the same period in 2020 by 4.0% and the same period in 2021 by 13.9%, while the apparent consumption has been significantly lower than the level in 2020 and 2021, and there is room for further reduction in steel inventory. Judging from the situation over the years, there is a significant negative correlation between the inventory level and the sales profit margin, and the higher the inventory, the lower the sales profit margin. At present, the inventory of enterprises is at the highest level in the same period in history, and reducing inventory as soon as possible is the primary task of the current industry to ensure efficiency.
The total revenue of companies listed on the New Third Board in 2023 will be 1.57 trillion yuan, achieving growth for three consecutive years
According to the news released by the National Equities Exchange and Quotations Company, the total operating income of companies listed on the National Small and Medium-sized Enterprise Share Transfer System (NEEQ) in 2023 will be 1.57 trillion yuan, a year-on-year increase of 3.08%, achieving growth for three consecutive years. The National Equities Exchange and Quotations Company said that judging from the situation of the 5,926 companies that disclosed their annual reports, the overall operation of the companies listed on the New Third Board in 2023 will be stable, and the new small and medium-sized enterprises will continue to gather, and the quality of newly listed companies, companies that have newly entered the innovation layer of the New Third Board, and companies preparing to be listed on the Beijing Stock Exchange will continue to improve, and the market ecology of the New Third Board will be positive.
National Bureau of Statistics: In April, the CPI turned from a decline to an increase month-on-month, and the year-on-year increase expanded slightly
Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for April 2024. In April, consumer demand continued to recover, and the national CPI turned from a decline to an increase month-on-month, with a year-on-year increase. Core CPI, which excludes food and energy prices, rose 0.2% month-on-month and fell 0.6% in the previous month. It rose 0.7% year-on-year, an increase of 0.1 percentage points over the previous month. On a month-on-month basis, the CPI rose 0.1%, compared with a 1.0% decline in the previous month. On a year-on-year basis, the CPI rose by 0.3%, an increase of 0.2 percentage points from the previous month.
The valuation of the A-share market is expected to increase by 20% to 40%, and foreign institutions are actively singing long and long China
Goldman Sachs said in its latest report that overseas investor sentiment has picked up, and the valuation of the A-share market has the potential to increase by 20% to 40% under the optimistic scenario assumption. At the same time, UBS also issued a strategy report and upgraded its China rating to "overweight". Recently, a number of foreign institutions have been bullish on China's core assets, while northbound funds have continued to flow back, and foreign investors have been net buyers of Chinese bonds for seven consecutive months. Foreign institutions believe that the improvement of the overseas monetary environment, the prominent cost performance of Chinese assets, and the positive policy expectations have promoted the enthusiasm of foreign investors, and the attractiveness of Chinese assets is expected to increase day by day.
"Woodpecker" is responsible, and the corporate governance environment of Shanghai presents a new atmosphere
The disclosure of the 2023 annual reports of listed companies has come to an end. Industry insiders believe that in the first annual report season after the release of the new "National Nine Articles", the responsibilities of the market "woodpeckers" such as audit institutions and independent directors of listed companies in Shanghai have been further compacted, and the market has obviously shown a new atmosphere. On the one hand, audit institutions effectively play the role of external supervision and clearly point out the problems and risks existing in listed companies; On the other hand, there has been a marked increase in the number of internal supervisors represented by independent directors in performing their duties. It is foreseeable that with the simultaneous efforts of internal and external supervision, the governance system of listed companies will become more and more perfect, thereby helping the quality of listed companies to improve steadily.
OpenAI计划周一宣布ChatGPT和GPT-4的更新
Artificial intelligence company OpenAI said in a post that it would announce product updates live on Monday, sparking speculation about the AI giant's next major release. OpenAI said it would not launch a search product at the event. The startup has been developing features that will compete with Google and performance, an AI search startup owned by Alphabet Inc.
Apple is expected to announce an upgrade to Siri's voice assistant next month: based on a generative AI system with more chat attributes
Apple is expected to showcase its progress in the field of artificial intelligence at its annual Worldwide Developers Conference (WWDC) next month, when the company will unveil an improved Siri voice assistant that will be more conversational and versatile, according to people familiar with the matter. It is understood that Siri's underlying technology will include a new generative AI system that will give Siri the ability to chat instead of answering one question at a time.
The market's expectations for the Fed's interest rate cut have resurged, and the momentum of easing trading has rekindled
Recently, the market's expectation of the Federal Reserve's interest rate cut has risen again, and the main line of overseas market trading has switched again. Since May, yields on multi-maturities have retreated from their highs. The yield on the 10-year Treasury note briefly fell below the integer mark of 4.50%, and the yield on the 2-year Treasury note fell to around 4.8%. The U.S. dollar index has fallen 0.6% during the month and is currently hovering above the 105 mark. Analysts believe that the unexpected cooling of non-farm data and the "dovish" statement of the Federal Reserve have caused the market to return to the expectation of interest rate cuts. In the future, it is still necessary to observe the relevant trends of the Federal Reserve in combination with economic data, and the game around "interest rate cut expectations" may still be the main line of trading in the future.
Tax revenues increased, and the U.S. budget surplus reached $210 billion in April
The U.S. government's budget surplus in April was higher than a year earlier, thanks to higher tax revenues, but higher debt-servicing costs continued to be a major drag. The budget surplus for the month of April, when personal income tax filings are closed, was $210 billion, up 19% year-over-year. In the seven months so far this fiscal year, the budget deficit is $855 billion, down 8% year-on-year. A Treasury official said that April's income benefited from the adjustment of the filing deadline for certain taxpayers affected by natural disasters from fiscal year 2023. At the same time, the interest burden on outstanding U.S. debt remains a key driver of higher spending. Interest costs for the first seven months of the current fiscal year ended in April were $624 billion, up 36% from 2023.
Shein is reported to be accelerating preparations for listing in London, or submitting an application as soon as this month
Fast fashion giant Shein is stepping up preparations for listing in London, England, and plans to submit an application to the London Stock Exchange (LSE) as soon as this month, according to people familiar with the matter. It is understood that Shein contacted the financial and legal advisory team in London at the beginning of this year to discuss the listing on the London Stock Exchange. According to sources, although Shein is currently preparing for a London listing, it is still inclined to go public in the United States and plans to continue to apply to the US Securities and Exchange Commission. The company may also have a secondary listing in New York after a London listing.
Ford Motor Company is expected to cut battery orders and maintain partnerships with Chinese and Korean suppliers
According to reports, people familiar with the matter said that Ford Motor has begun to cut orders from battery suppliers to curb the widening losses of electric vehicles. As the plug-in market for electric vehicles slows down rapidly, Ford is also undergoing a strategic contraction. Ford continues to maintain partnerships with battery suppliers such as SK On, LG Energy Solution and CATL, according to people familiar with the matter. It is understood that Ford's strategic contraction includes: cutting spending on battery models by $12 billion, delaying new electric vehicles, cutting prices, postponing and shrinking planned battery plants.
NTT docomo, a Japanese telecommunications operator, will establish a new company to oversee its overseas business
According to reports, NTT docomo, a Japanese telecommunications operator, has announced that it will establish a new company to oversee its overseas business. NTT docomo will develop Web 3.0, a next-generation Internet technology, and a low-cost open RAN service that combines the machines of several equipment vendors. Against the backdrop of sluggish revenue from its mobile communications business in Japan, NTT docomo will explore new revenue streams overseas. The new company will be called NTT DOCOMO GLOBAL and will be led by Hiroki Kuriyama, Vice President in charge of international business at NTT Docomo.
Coca-Cola in Japan has risen in price, with an increase of nearly 20%.
Coca-Cola Japan announced on its official website that it will raise the prices of a large number of its products, including various types of Coke in plastic bottles and cans, with an increase of up to nearly 20%. At the same time, a number of Apple tablets have also increased in price, generally about 10,000 yen (about 466 yuan) more expensive. Affected by persistent inflation, the prices of a large number of goods in Japan have risen one after another, while the real wages of the Japanese people have fallen year-on-year for 24 consecutive months, the longest record in history.
Apple will use its own server chips to power AI tools this year
Apple will offer some of its upcoming artificial intelligence (AI) capabilities this year through data centers with its own processors, as part of the company's broader efforts to make AI capabilities available on its products. The company will use high-end chips — similar to those designed for Macs — for cloud computing servers that handle the most complex AI tasks on Apple devices, while simpler AI-related functions will be handled directly on iPhones, iPads and Macs, according to people familiar with the matter. As the program remains confidential, people familiar with the matter asked to remain anonymous.
Robot: SIASUN Semiconductor, a subsidiary, plans to increase capital and expand shares to introduce war investment
The robot announced that the wholly-owned subsidiary SIASUN Semiconductor introduced strategic investors to implement capital increase and share expansion in the form of public listing in Beijing Property Rights Exchange, and nine strategic investors including Beijing Integrated Circuit Equipment Industry Investment and M&A Fund (Limited Partnership), National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., and China Micro Semiconductor (Shanghai) Co., Ltd. participated in the public listing to increase the capital of SIASUN Semiconductor, with a total investment of 400 million yuan to obtain the new registered capital of 80 million yuan of the target company.
Greenwoods Asset's latest holdings in U.S. stocks: Mass-enhanced TSMC
GREENWOODS, A SUBSIDIARY OF GREENWOODS ASSET MANAGEMENT, ANNOUNCED A 13F FILING, AND ITS CURRENT PORTFOLIO MARKET VALUE IS $3.23 BILLION. The data shows that the top 10 heavy stocks of GREENWOODS in the first quarter are Meta, Pinduoduo, Microsoft, NetEase, Doordash, TSMC, Nvidia, New Oriental, Futu Holdings, and Full Bang, of which Meta, Pinduoduo, and Microsoft hold 19.03%, 13.10%, and 11.80% respectively. Pinduoduo, Microsoft, and NetEase decreased their shareholdings by 1,100,702 shares, 275,842 shares, and 218,000 shares, respectively. Among the top 10 heavy stocks, the number of shares held by TSMC and Nvidia increased by 1741.77% and 116.81% respectively, and the number of shares held by the Full Gang also increased by 57.60%.
1. Recently, Osmo Medical completed tens of millions of yuan in Pre-A financing. This round of financing is led by Haibang Fenghua, and the funds raised will be used to promote the commercialization of the company's approved products, as well as further strengthen and supplement the company's endoscopy product portfolio to enhance the comprehensive competitive advantage. Osmo Medical is a flexible endoscopy department-level solution provider, committed to promoting the development of flexible endoscopes and providing higher quality endoscope products for clinicians and patients, so that more at-risk groups can benefit from endoscopic diagnosis and treatment.
2. Recently, Faber Xintian completed the first round of financing of about 100 million yuan. This round of financing was led by Yunhao Capital, followed by Caitong Capital and strategic investors. The funds raised will be used for the promotion of clinical research and marketing preparation of mature pipelines, the upgrading and improvement of R&D platforms, and the clinical and preclinical research and development of subsequent innovative pipeline products. Founded in 2016, Fabre Xintian is an innovative drug discovery and development company focusing on molecular imaging diagnostics and radiopharmaceutical treatment.
3. Recently, Huiyao Pinshang Energy Technology officially announced the completion of more than 100 million yuan in Series A and Series A+ financing. This round of financing was led by Dachen Caizhi, and co-invested by Qingke Industrial Investment and Nuotie Assets. The financing is mainly used for the research and development of new flexible photovoltaic mounting systems, the construction of intelligent manufacturing bases, the expansion of domestic and overseas markets and the improvement of the supply chain system, expanding the coverage of domestic and foreign markets, and helping the large-scale construction of photovoltaic power plants. Huiyao Pinshang Energy Technology Co., Ltd. is a developer of intelligent operation and maintenance of photovoltaic power stations and flexible photovoltaic mounting systems with cable structures, focusing on the research and development, design, manufacturing, promotion and application of flexible photovoltaic mounting systems and intelligent operation and maintenance services of photovoltaic power plants.
1. The Shanghai and Shenzhen Stock Exchanges issued an announcement of the review meeting of the Listing Committee in the first week after the issuance of the new listing rules, and planned to review the company's application for issuance and listing on May 16. Among them, 1 Shenzhen IPO issuance and listing application and 1 Shanghai refinancing application will be reviewed. The reporter found that since the release of policies related to the phased tightening of the IPO rhythm in August last year, the number of companies submitted for registration and obtained registration approvals on the Shanghai and Shenzhen stock exchanges has remained stable overall. At the same time, due to multiple factors, the number of projects submitted to the Listing Committee for review decreased year-on-year. Market participants believe that the Shanghai and Shenzhen Stock Exchanges held a meeting of the Listing Committee, which is a concrete embodiment of the implementation of the new regulations on issuance and listing and the continuous and steady promotion of the review of issuance and listing.
2. According to the data, as of May 10, 134 IPOs have been terminated (withdrawn) since the beginning of this year, including 42 companies on the main boards of Shanghai and Shenzhen, 20 on the Science and Technology Innovation Board, 37 on the Growth Enterprise Market, and 35 on the Beijing Stock Exchange. In the view of market participants, the IPO access is strictly controlled, the issuance market ecology continues to be optimized, and the quality of declarations of enterprises and intermediaries to be listed has been improved, which has improved the quality of listed companies from the source. It is expected that the system of significantly increasing the proportion of on-site inspections and strict listing thresholds will further improve the overall quality of the capital market, promote the standardization of market order, and promote the healthy development of the market.
How to sort out the industrial chain of China's activated carbon industry?
Forward-looking Industry Analysts:
Hello and thank you for your question!
The raw materials of activated carbon mainly include the "three residues" of forest products (wood activated carbon and bamboo activated carbon), coal (coal activated carbon), coconut shell (coconut shell activated carbon) and phosphoric acid and other activators, in addition, all kinds of special equipment in the production process of activated carbon are also indispensable; The downstream of the activated carbon industry includes many industries such as food and medical industry, water treatment, chemical industry, pharmaceutical manufacturing and air purification.
For more research and analysis of this industry, please refer to the "2024-2029 China Bamboo Activated Carbon Industry Market Prospect and Investment Strategic Planning Analysis Report" by the Prospective Industry Research Institute.
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