The China Securities Regulatory Commission (CSRC) issued regulations on the administration of programmatic trading
The Provisions on the Administration of Programmatic Trading in the Securities Market (for Trial Implementation) was promulgated and will come into effect on October 8, 2024. The "Management Regulations" proposes to strengthen the supervision of high-frequency trading; Clarify the requirements for transaction monitoring and risk prevention and control; It is clarified that Northbound programmatic transactions shall be included in the reporting management in accordance with the principle of consistency between domestic and foreign investment, and the transaction monitoring standards shall be implemented, and other management matters shall be applied by reference to these Provisions, and the specific measures shall be formulated by the Shanghai and Shenzhen Stock Exchanges and announced separately.
Wu Qing: Resolutely clear the "zombie enterprises" and black sheep from the market
Wu Qing, Chairman of the China Securities Regulatory Commission, delivered a speech at the 2024 "May 15 National Investor Protection Publicity Day". He said that from the "entrance" of listed companies to continuous supervision and then to the "export", more stringent institutional arrangements are being established. The purpose is to resolutely keep counterfeiters out, implement the requirements of openness and transparency in the whole process of corporate information disclosure, integrate the concept of respecting investors and rewarding investors into various mechanisms of corporate governance, and resolutely remove "zombie enterprises" and black sheep from the market.
The SFC's new guidelines require issuers to clarify the purpose of listing
Guidelines for the Application of Regulatory Rules – Issuance No. 10 was issued. The main contents of the guidelines include: first, requiring issuers to publish a statement to investors in the prospectus, clarifying the purpose of listing, and urging issuers to firmly establish a correct "view of listing"; Second, it is clarified that the "key minority" can make a commitment to extend the share lock-up period in the event of a sharp decline in performance after listing; the third is to improve the information disclosure rules of the post-listing dividend policy; Fourth, strengthen the disclosure of relevant information of unprofitable enterprises.
Strict supervision and strict management The China Securities Regulatory Commission has intensified its efforts to crack down on securities and futures violations
The 2023 law enforcement "report card" was released, and the focus of law enforcement in 2024 was clarified. This year, we will strictly crack down on illegal acts in the securities and futures market that seriously endanger the smooth operation of the market, infringe on the legitimate rights and interests of investors, have a bad social impact, and have strong public reactions, strengthen the discovery of clues, strictly investigate major cases, improve the efficiency of law enforcement, continue to deepen cooperation, and pay attention to both punishment and prevention, so as to accelerate the construction of a safe, standardized, transparent, open, dynamic and resilient capital market.
U.S. CPI rose 3.4% year-on-year in April, in line with market expectations
The US CPI rose by 3.4% year-on-year in April, with an estimate of 3.4%, in line with expectations, and the previous value was 3.5%; U.S. CPI rose 0.3% month-on-month in April, with an estimate of 0.4% and a previous value of 0.4%. U.S. retail sales were flat in April from the previous month, with an estimate of 0.4% and a previous reading of 0.7%.
From now on, foreign tour groups that come to China on cruise ships can enter China visa-free
Foreign tour groups that take cruise ships and are received by domestic travel agencies can be exempted from the cruise ports of 13 cities such as Tianjin and Dalian, Liaoning, and the whole group can enter the country for no more than 15 days. The tour group must go to the next port with the same cruise ship until the cruise leaves the country, and the scope of activities is coastal provinces (autonomous regions and municipalities directly under the central government) and Beijing.
China and the United States held an intergovernmental dialogue meeting on artificial intelligence
The first meeting of the U.S.-China Intergovernmental Dialogue on Artificial Intelligence was held in Geneva, Switzerland. The two sides had an in-depth, professional and constructive exchange of views on AI technology risks, global governance, and other issues of concern to each other.
Domestic oil prices will fall for the third time this year, and it will cost 9 yuan less to fill up a tank of oil
From 24 o'clock on May 15, the domestic refined oil retail price limit adjustment window will be opened again, the domestic gasoline price will be reduced by 235 yuan / ton, and the diesel price will be reduced by 225 yuan / ton, which is equivalent to an increase in price, 92 gasoline will be reduced by 0.18 yuan, 95 gasoline will be reduced by 0.19 yuan, and 0 diesel will be reduced by 0.19 yuan. Based on the calculation of an ordinary private car with a fuel tank capacity of 50 liters, car owners will spend about 9 yuan less to fill up a tank of fuel.
Promote the healthy development of the low-altitude economy
The relevant person in charge of the Civil Aviation Administration of China said that in accordance with the principle of "gradual and orderly, active and prudent, and seeking progress in stability", we will grasp the law and phased characteristics of low-altitude economic development, improve the level of scale, networking, intelligence and standardization, and promote the healthy development of low-altitude economy.
Lin'an District, Hangzhou: Acquired a batch of commercial housing in the district for use as public rental housing
The Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou issued an announcement to acquire a batch of commercial housing for use as public rental housing within the Lin'an District. Many analysts believe that Hangzhou's move can be described as another blockbuster policy innovation in addition to the 'old for new' policy, and it is expected that more cities may follow Hangzhou's lead in the next pilot."
Shenzhen has launched a free supervision service for second-hand housing inter-bank "transfer with mortgage" funds
Shenzhen Provident Fund Center is the first in the country to provide the general public with free inter-bank "mortgage transfer" fund supervision services for second-hand housing, so that the buyer and seller of commercial housing can complete the transfer without "redeeming" the loan in advance without paying off the loan in the same bank, and the buyer's loan bank will directly issue a new loan to repay the seller's original loan. This move effectively reduces the cost and risk of housing transactions, realizes a win-win situation for both buyers and sellers of commercial housing and loan banks, and is a major measure to facilitate and benefit the people to promote the stable and healthy development of the real estate market.
Nanjing took the lead in lowering the interest rate of the first home loan? ICBC personnel: adjusted to 3.45% from tomorrow
Recently, a news that "Nanjing took the lead in lowering the interest rate of the first home loan" has attracted market attention. It is reported that some banks in Nanjing are preparing to adjust the execution interest rate of the first home loan to 3.45%.
Baidu: Consider "possible" partnership opportunities with Tesla in the field of Robotaxi taxis
Xu Baoqiang, general manager of Baidu's autonomous driving technology department, said that for Tesla's Robotaxi (shared taxi), Baidu will consider possible cooperation opportunities according to Tesla's specific application model and the pace of entering the Chinese market.
Xiaomi Auto plans to start double-shift production in June
In order to increase production capacity and shorten delivery time, Xiaomi Auto's Beijing plant plans to start a "double shift mode" in June, increasing the daily production time from 8 hours to 16 hours. Lei Jun, chairman of Xiaomi Group, has said that the Xiaomi car factory can produce 40 Xiaomi SU7s per hour, and a new car can roll off the assembly line every 76 seconds. Based on this calculation, the monthly production capacity of the company is expected to increase to nearly 20,000 units after the start of double-shift production.
The AI search engine is here! Google released the "AI Super Family Bucket" late at night, calling for OpenAI in an all-round way
Google held its annual I/O developer conference, released an artificial intelligence (AI) search engine, and competed against OpenAI's newly released flagship model, GPT-4o, with an upgraded version of the most powerful AI model, Gemini. In terms of hardware, Google announced the sixth-generation TPU chip Trillium, and revealed that it will be able to use Nvidia's latest Blackwell architecture GPU early next year. In addition, topics that may be of interest to Chinese investors such as liquid cooling and optical cable also appeared at the press conference.
A number of private placements were interviewed for "helping funds" and the filing of products was suspended
It is reported that the relevant departments are interviewing relevant private equity institutions on the situation of "helping funds" when raising products. The relevant PE firm was required to give a reasonable explanation for the situation that "the product was redeemed by investors significantly as soon as it was established, or even on the day of its establishment". During this period, the filing of new products of the relevant private equity institutions will be suspended, and the relevant departments may impose corresponding penalties depending on the circumstances.
The MSCI China A-share Index added 8 new targets and excluded 41 stocks
MSCI, the international index compilation company, has announced its quarterly index adjustment for May 2024, which will take effect after the close of trading on May 31, 2024. In this adjustment, 42 new stocks have been added to the MSCI Global Standard Index, including 8 A-share targets; At the same time, 121 stocks were removed, including 41 A-share targets.
Under the resonance of domestic and foreign industries, the large-scale commercial use of Robotaxi may usher in a turning point
Chen Zhuo, general manager of Baidu's autonomous driving business department, said at Baidu's "Apollo Day 2024" open day that Radish Run is very close to the critical point of break-even, and the goal is that by the end of 2024, Carrot Run will break even in Wuhan and fully enter the profitable period in 2025.
Twenty-one cities in mainland China, including Beijing, Wuhan, Shanghai, Guangzhou, and Shenzhen, have issued local policies for autonomous driving testing, and more than 60 companies have obtained autonomous driving test licenses. In line with the implementation of the policy, cities and enterprises are actively carrying out the construction of autonomous vehicle test bases to accelerate the commercialization process of driverless taxis, and the development of Robotaxi may usher in an inflection point. According to the forecast of IHS Markit, the total market size of China's shared mobility will reach 2.25 trillion yuan by 2030, of which Robotaxi will account for 60%, or 1.3 trillion yuan. In the future, the shared travel market will gradually shift to the unmanned vehicle travel market, and the Robotaxi market will usher in broad business opportunities.
Among the listed companies, Zhonghaida (300177) on-board software and hardware products have been fixed-point application in a number of new mass-produced models of Xiaopeng, SAIC, Great Wall, Geely, Dongfeng and FAW and other automobile manufacturers, and the company has also been cooperating with Baidu Apollo in the field of high-precision differential positioning solutions and related technologies.
After years of development and accumulation, 301488 the company's customers include Nissan, Volkswagen, PSA Global, Geely, Ford, Suzuki and other well-known brand car companies at home and abroad, the company's products are a set of software, algorithms, optical design and hardware in one of the vehicle camera system, vehicle video driving record system and ultrasonic radar system.
Zhongding Co., Ltd. (000887) and Zhongke Huiyan have strategically cooperated to deploy binocular stereo vision perception technology, and maintain predictability of the air suspension system by equipped with a road surface preview system. As a member of Baidu's Apollo program, Zhongke Huiyan provides stereo vision perception modules for all Baidu Apollo program models, and has business cooperation with many autonomous driving companies from Baidu, covering most of the stereo vision modules in autonomous driving prototypes that have been launched in China.
There have been major breakthroughs at many levels such as policies and industries, and the low-altitude economy is in the stage of accelerating the landing
The relevant person in charge of the Civil Aviation Administration of China said that in accordance with the principle of "gradual and orderly, active and prudent, and seeking progress in stability", we will grasp the law and phased characteristics of low-altitude economic development, improve the level of scale, networking, intelligence and standardization, and promote the healthy development of low-altitude economy.
The application scenarios of the low-altitude economy in the mainland are becoming more and more abundant, and the development space is extremely broad. In Shenzhen, Guangdong, the world's first cross-sea and cross-city electric vertical take-off and landing aircraft (eVTOL) route completed a demonstration flight, and it only takes 20 minutes to "fly" from Shenzhen to Zhuhai; In Mianyang, Sichuan, UAVs have become the "new agricultural machinery" for wheat field spring management, greatly improving the efficiency of field management; Wuhu, Anhui Province, has gathered about 200 upstream and downstream enterprises in the general aviation industry chain. Since the beginning of this year, the low-altitude economy has been booming and attracting widespread attention. Zheshang Securities pointed out that this round of low-altitude economy has made major breakthroughs at many levels such as policy and industry compared with the previous round, and the industry is in the stage of accelerating the landing, and the trillion market is expected to gradually arrive. Optimistic about the three major links of low-altitude manufacturing, low-altitude service and low-altitude operation.
Among the listed companies, VIE Technology (002590) provides brake-by-wire products for autonomous driving of commercial vehicles and subframe products for flying cars. The company provides subframe products to a well-known domestic flying car company.
The rapid development of Guanglian Aviation (300900) UAV, EVTOL and other businesses benefits from the industrial expansion of the company's composite product molding application field, which can meet the needs of customers from the initial process preparation of products to the batch delivery of the whole machine structure.
Shenzhen Chengjiao (301091) has an overall solution of "low-altitude digital management and service platform + integrated delivery of new infrastructure + whole-process consulting services" to support the implementation of various application scenarios at the low-altitude city level, and provides an integrated operation mode of "investment, construction and operation" for the continuous guidance of the industry, and will actively participate in the construction and development of the low-altitude economy.
SEMI expects stronger global semiconductor growth in the second half of the year, with China having the highest capacity growth rate
According to media reports, the latest report compiled by SEMI (International Semiconductor Industry Association) in cooperation with TechInsights shows that with the rise in sales in the electronics sector, the stabilization of inventories and the increase in fab capacity, the global semiconductor manufacturing industry showed signs of improvement in the first quarter of 2024, and industry growth is expected to be stronger in the second half of the year. In addition, fab capacity continues to increase, with an estimated 40 million wafers per quarter (in 300mm wafer equivalent) increments, with capacity growth of 1.2% in the first quarter of this year and 1.4% in the second quarter, with China still having the highest capacity growth rate among all regions.
Tianfeng Securities said that it is expected that the inventory of the semiconductor industry will return to the normal level in 1H24, and the demand side looks at the pull of AI on hardware, and the semiconductor industry is expected to enter a new growth cycle.
In terms of companies, Brite Co., Ltd. (688691) provides customers with one-stop services from chip specification formulation, architecture design to chip finished products.
GigaDevice (603986) is a leading company in niche storage and MCU in China, with a series of products such as NorFlash, SLCNANDFlash, DRAM, and MCU. The company already has DDR3 and DDR4 two product lines, and multiple product models.
Many places released trade-in plans, and the industry's output in May increased by more than 15% year-on-year
According to media reports, on May 14, the Shandong Provincial People's Government held a press conference. In addition to equipment updates, the trade-in of consumer goods in Shandong Province has also entered the stage of full implementation. Shandong supports home appliance sales enterprises to carry out online and offline trade-in, and provides subsidies to individual consumers who sell old household appliances such as air conditioners, refrigerators, washing machines, and televisions during the policy period, and purchase new first- and second-class energy-efficient household appliances and green smart household appliances in the above categories. "Shandong encourages qualified cities to support residents to carry out old house decoration, local renovation and age-appropriate transformation, and purchase green smart home products."
In April this year, the Ministry of Commerce and other 14 departments jointly formulated the "Action Plan for Promoting the Trade-in of Consumer Goods" announced, encouraging qualified localities to subsidize consumers to buy green smart home appliances, and then Zhejiang, Guangdong, Hunan and other places issued the implementation plan for the trade-in of consumer goods, which clarified the scope of support and subsidy details for consumers to participate in the trade-in of automobiles and home appliances. GF Securities believes that the trade-in policy is expected to accelerate the recovery of industry demand. On the industrial side, home appliance faucets have enthusiastically entered the game with real money, setting off a boom in promotions and subsidies. The optimistic expectations of companies are also reflected in the production scheduling data. According to industry online data, the total output of white electricity reached 37.75 million units in May this year, an increase of 15.2% over the production performance of the same period last year, continuing the high growth trend since the beginning of this year, while the total production of domestic and export sales of air conditioners increased by 19.4% year-on-year.
Among the listed companies, Xiaoxiong Electric (002959) is a leading enterprise in the creative small household appliance industry, and actively deploys cross-border e-commerce such as Amazon.
Martian (300894) is a leading enterprise in the integrated cooker industry, according to third-party data, the company's market share has increased steadily, and it belongs to the first echelon in the integrated cooker industry.
Vantage Co., Ltd. (002035) has been deeply engaged in the field of kitchen and bathroom for more than 20 years, insisting on the coordinated development of multiple categories, and the product category has gradually expanded from the initial gas cooker to water heaters, range hoods, etc., and then further extended to the overall kitchen and bathroom. The company occupies an important market position in the kitchen appliance industry, among which the sales share of the core categories of range hoods and gas stoves has ranked among the top three in the industry for many years.
The 8th China-Russia Expo will be held in Harbin from May 16 to 21
The relevant person in charge of the Ministry of Commerce said that the 8th China-Russia Expo will be held in Harbin, Heilongjiang Province from May 16 to 21, and so far, a total of more than 1,400 enterprises from 44 countries and regions and 21 provinces, autonomous regions and municipalities in China have signed up for the exhibition.
At present, China-Russia cooperation in various fields is accelerating. Cooperation between the two countries in the fields of energy, agriculture, finance and infrastructure has continued to develop, and the enthusiasm for local cooperation has not diminished, and new growth points such as information technology, cross-border e-commerce, digital economy and biomedicine have been emerging. According to the data, the bilateral trade volume will reach 240.1 billion US dollars in 2023, reaching the trade target of 200 billion US dollars ahead of schedule. In the first quarter of this year, the bilateral trade volume was 56.68 billion US dollars, a year-on-year increase of 5.2%, continuing to maintain a good momentum of development.
Among the listed companies, Jiuqi shares (300994) e-commerce business has made certain achievements, and offline business is gradually promoted. The product is currently available in Russia.
Most of the conveying machinery products of the transportation machinery group (001288) have been put into operation in many countries, including Russia, whether they are directly exported or indirectly exported through central enterprises and state-owned enterprises such as Sinosteel, Sinoma and Sinometal.
The shipping price from China to the United States rose by nearly 40% in a week, and tens of thousands of dollars in freight reappeared
Since May, shipping from China to North America has suddenly appeared "difficult to find a cabin", freight rates have soared, and a large number of small and medium-sized foreign trade enterprises are facing the problem of difficult and expensive shipping. On May 13, the Shanghai export container settlement freight index (US-West route) reached 2,508 points, up 37% from May 6 and 38.5% from the end of April. The index is published by the Shanghai Shipping Exchange, and mainly presents the sea freight price from Shanghai to the West Coast ports of the United States. The Shanghai Export Container Freight Index (SCFI) released on May 10 rose 18.82% from the end of April, hitting a new high since September 2022. Among them, the US West route rose to $4,393/40 foot container, and the US East route rose to $5,562/40 foot container, up 22% and 19.3% respectively from the end of April, and has risen to the level after the Suez Canal congestion in 2021.
China's export container shipping market continued to perform well after the long holiday. Guosen Securities Luo Dan believes that the impact of the current Red Sea conflict is still continuing, the European and American retail replenishment has promoted the recovery of industry demand, and some European ports began to block ports this week, similar to the supply chain disorder in 2021.
Among the listed companies, Ningbo COSCO (601022) is a comprehensive shipping company, with the largest port in mainland China as the core, forming a relatively complete route network covering Southeast Asia, Northeast Asia and China's domestic trade routes.
COSCO SHIPPING Lines, a wholly-owned subsidiary of COSCO SHIPPING Holdings (601919), is mainly engaged in international and domestic maritime container transportation services and related businesses, and its fleet size ranks fourth in the world.
Five departments will organize and carry out activities for new energy vehicles to go to the countryside in 2024, and the charging pile industry chain will usher in a positive drive
The Ministry of Industry and Information Technology and other five departments jointly organized the 2024 new energy vehicles to the countryside activities. From May to December 2024, we will select new energy vehicle models suitable for the rural market, have a good reputation and reliable quality, and carry out activities such as centralized exhibitions, test rides and test drives, so as to enrich the consumer experience and provide diversified choices. Organize charging and swapping services, financial services such as new energy vehicle underwriting, claims, and credit, as well as after-sales services such as maintenance, to go to the countryside to make up for the shortcomings of the supporting environment in rural areas. Implement support policies such as car trade-in, county-level charging and swapping facilities to make up for shortcomings, and direct "real money" discounts to consumers.
According to data from the China Association of Automobile Manufacturers, from July 2020 to 2022, the sales of new energy vehicles in the countryside in mainland China will increase from 397,000 to 2,659,800, driving the cumulative sales of new energy vehicles to the countryside to exceed 4.1 million in three years, which will promote the high demand for matching charging piles. In addition, the previous relevant policies also proposed to build charging infrastructure "moderately ahead", and by 2030 to achieve "full coverage of counties and counties" of electric vehicle charging stations and "full coverage of townships and townships" of charging piles. Driven by the policy of going to the countryside, the performance of charging pile manufacturing enterprises and charging pile parts and components manufacturers will be the first to be positively driven.
Shenghong Co., Ltd. (300693) is a provider of upstream equipment for charging piles with core technical strength, and its products focus on mid-to-high-end categories;
Autel Technology (688208) has launched a series of high-power supercharging piles, small DC piles, commercial AC piles and other products.
Shuangjie Electric (300444), Shenghong Co., Ltd. (300693) and other charging pile companies.
Tight supply and inventory fell to a 3-year low, and the price of industrial monoammonium phosphate rose sharply
According to Baichuan Yingfu data, on May 15, the domestic monoammonium phosphate market as a whole showed an upward trend, of which the price of industrial monoammonium phosphate was 5935 yuan/ton, up 6.04% compared with the day before yesterday and 8% compared with the beginning of the month. At present, the supply of monoammonium phosphate is tight, the market demand is increasing, the trading atmosphere is good, and the market is running at a high price.
At present, industrial-grade ammonium phosphate has been mostly stopped and signed, and due to the active downstream goods, the supply side is in short supply, and mainstream enterprises have issued pre-receipts. Due to the good demand, the industrial ammonium market is in short supply, and the industrial-grade ammonium phosphate market is rising. It is expected that the price trend of the industrial ammonium market will rise in the short term, and it is necessary to continue to pay attention to the downstream demand, cost trends and the start of enterprises. According to Baichuan data, as of the week of May 10, the industry inventory was 3,300 tons, down 90% from 31,400 tons at the beginning of the year, and the inventory was at a historical low in the past three years. The upstream phosphate rock market as a whole showed a slight increase, the end market demand for phosphate rock improved, and the supply of phosphate rock in some mining areas was tight. The price of raw materials has risen steadily, which has formed a good support for the price of monoammonium phosphate.
In A-shares, you can pay attention to Chuanheng shares (002895), Chuanjinnuo (300505), etc.
Hangzhou Lin'an plans to acquire a number of commercial housing institutions are optimistic about the prospects of the destocking policy
According to the Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou, the People's Government of Lin'an District has decided to purchase a batch of commercial housing for public rental housing. The whole building is used as the basic acquisition unit, and the construction area of a single set does not exceed 70m, and the acquisition of the house needs to be matched with a certain proportion of parking spaces. A few days ago, Nanjing City also issued the "Nanjing City Planning and Construction of Affordable Housing Implementation Plan", in the way of preparation, can be appropriate to rebuild or purchase second-hand housing for affordable housing, revitalize the use of idle land and housing.
SDIC Securities Research Institute believes that the real estate industry policy statement of the Political Bureau of the Central Committee is more positive, and the work of ensuring the delivery of buildings is expected to continue in 2024, and improving the relationship between real estate supply and demand is also the focus of future policy promotion. The downward trend of the real estate industry can be expected to improve, helping the valuation of consumer building materials in the real estate chain to increase.
Weixing New Materials (002372) has formed a complete comfortable home system solution such as pipes, waterproof and water purification, heating, etc.;
Rabbit (002043) is a leader in the decorative plate industry, and actively implements the two-wheel drive strategy of "retail + engineering" in the finished home furnishing business.
Baidu's first L4 autonomous driving model will deploy 1,000 unmanned vehicles in the first batch
On May 15, Baidu Apollo held the Apollo Day2024 event in Wuhan and released the world's first large model ApoIIO ADFM that supports L4 autonomous driving, which can achieve more than 10 times the safety of human drivers and achieve city-level global complex scene coverage. Baidu Apolo also launched the sixth-generation unmanned car Yichi 06, and the first batch of 1,000 units will be delivered to Radish Run. As for Tesla's Robotaxi (shared taxi), Baidu said that it will consider possible cooperation opportunities based on Tesla's specific application model and the pace of entering the Chinese market.
Orient Securities Research Institute believes that domestic and foreign companies have increased Robotaxi and accelerated the commercialization of unmanned driving. Driven by domestic policy permits and the maturity of software and hardware technologies for high-end intelligent driving systems, the automotive industry in mainland China is expected to enter the L3 intelligent driving era in 2024. In the intelligent driving industry chain, pay attention to intelligent driving sensor electronic component manufacturers, chip suppliers and other links.
Lianchuang Electronics (002036) Vehicle lens and image module products are widely used in the field of intelligent driving;
Yongxin Optics (603297) has entered the stage of large-scale production in the field of vehicle-mounted lidar, and in the first quarter of this year, it was newly designated as Hesai's standard lidar and Tudatong's 905nm lidar components.
The key parameters and implementation paths are proposed to promote the practical application of lithium-sulfur batteries
According to reports, recently, the research team of the Institute of Metals of the Chinese Academy of Sciences and the scientific research team of the University of Technology Sydney released research results, focusing on the problems of organic sulfur cathode in thermodynamics, electrochemical reaction process, kinetics and practical prospects, decoding the electrochemical process of organic sulfur cathode and the law of charge and mass transport, establishing the connection between the electrochemical mechanism of the electrode and its practical parameters, and proposing the key parameters and implementation path of 500 Wh/kg lithium-sulfur battery, which will promote the practical process of lithium-sulfur battery.
Lithium-sulfur batteries are a very promising solution for energy storage. Typically, lithium-sulfur batteries have 2 to 5 times the capacity of ordinary lithium-ion batteries. By using sulfur, the need for materials such as nickel, cobalt, etc. is reduced. Sulfur has many advantages such as abundant reserves, low cost, environmental protection and non-toxicity. With large capacity, low cost, long life and environmental protection, lithium-sulfur batteries will be an excellent alternative to traditional lithium-ion batteries.
A-share related concept stocks mainly include Tibet Urban Investment (600773), Ruitai New Materials (301238), etc.
Visa-free entry by cruise The cruise economy will enter a new stage of golden development
On May 15, the National Immigration Administration held a press conference, and it was approved that from May 15, 2024, foreign tour groups (2 or more) who come to China by cruise ship and are received by domestic travel agencies can enter the country without a visa and stay for no more than 15 days from the cruise ports of 13 cities, including Tianjin, Dalian, Liaoning, Shanghai, Lianyungang in Jiangsu, Wenzhou and Zhoushan in Zhejiang, Xiamen in Fujian, Qingdao in Shandong, Guangzhou and Shenzhen in Guangdong, Beihai in Guangzhou, Haikou and Sanya in Hainan. At the same time, in order to support the development of cruise tourism, it was decided to add seven cruise ports in Dalian, Lianyungang, Wenzhou, Zhoushan, Guangzhou, Shenzhen, Beihai and other places to be applicable to China's transit visa-free policy, so as to facilitate foreign passengers who meet the conditions of China's transit visa-free policy to take cruise ships.
The cruise economy is known as the "gold industry on the water". Since 2006, China's cruise industry has opened the home port market and achieved rapid development. Experts said that the recovery of the cruise economy has accelerated, mainly due to policy support, rapid market recovery, growth in cultural and tourism consumption, and improvement in the global inbound and outbound tourism market. The growth of the cruise market is expected to help improve the travel experience of consumers, and will also bring new business opportunities to various industries such as manufacturing and services. China's cruise economy will enter the second golden decade of development.
A-share related concept stocks mainly include Bohai Ferry (603167), Three Gorges Tourism (002627), etc.
Significant investment
Evergreen Technology: It is planned to invest 10 billion yuan in the construction of a new polymer material production base
Evergreen Technology (603125) announced that the company plans to invest in the construction of a new polymer material production base (referred to as "Taizhou production base") in Gaogang District, Taizhou City through its wholly-owned subsidiary, Jiangsu Evergain New Material Technology (Taizhou) Co., Ltd., laying a solid foundation for the company's sustainable development in the future. The total planned long-term investment of the Taizhou production base project is about 10 billion yuan, which will be implemented in three phases. The initial planned investment amount of the first phase of the project is about 3 billion yuan, and there is no clear investment plan for the second and third phases of the project.
Fuda shares: It is planned to raise no more than 300 million yuan for the hybrid crankshaft project of new energy vehicles
Fuda shares (603166) announced on the evening of May 15 that the company intends to issue shares to specific objects through simplified procedures to raise a total of no more than 300 million yuan, which will be used for the hybrid crankshaft intelligent manufacturing project of new energy vehicles.
Siquan New Materials: It is planned to set up a company in Vietnam and invest in the construction of heat dissipation products
Siquan New Materials (301489) announced on the evening of May 15 that it plans to set up a wholly-owned subsidiary, Vietnam Siquan New Materials Co., Ltd., a wholly-owned subsidiary, Vietnam Siquan New Materials Co., Ltd. and invest in the construction of heat dissipation product projects, with a total planned investment of 35 million US dollars.
Significant winning bids
High-speed rail electric: The subsidiary won the bid for the key components of the high-speed rail catenary
High-speed rail electric (688285) announced on the evening of May 15 that Baoji Baodeli Electrical Equipment Co., Ltd., a subsidiary of the company, recently won the bid for the JC07 project of key components of the catenary of the new Shenyang-Baihe high-speed railway, with a bid amount of 59.6602 million yuan (tax included).
Xinbo shares: The new energy vehicle business has obtained some designated projects of the main engine factory
Xinbo Co., Ltd. recently said in the institutional research that the company actively promotes the new energy vehicle business development plan, rapidly expands the customer base and business scale, expands business partners, and improves the company's profitability. The target customers are mainly concentrated in the head of the main engine factory and power battery factory, and the relevant customers are being introduced, and the company has obtained the fixed-point projects of some main engine factories, and is currently in the stage of capacity ramp-up.
Shareholders increase or decrease their holdings
Fuda shares: The controlling shareholder intends to reduce the company's shares by no more than 3%.
Fuda shares (603166) announced that due to its own capital needs, the company's controlling shareholder Fuda Group plans to reduce its holdings of the company's shares by no more than 19.386 million shares, that is, no more than 3% of the company's total share capital, within 3 months after 15 trading days, through centralized bidding and block trading, and the reduction price is based on the market price.
Heyuan Biological: Shanghai Tanying and others will reduce their holdings of the company by no more than 1.5% in total
Heyuan Biotechnology (688238) announced that Shanghai Tanying Investment Partnership (Limited Partnership) and its concerted actors Shanghai Qiangang Investment Management Partnership (Limited Partnership) and Shanghai Leyong Investment Partnership (Limited Partnership) hold a total of 8.08% of the company's shares, and the above shareholders plan to reduce their holdings of no more than 9,711,500 shares (accounting for no more than 1.5% of the company's total share capital) through centralized bidding and block trading.
Gan & Lee Pharmaceutical: Sun Cheng, deputy general manager and financial director, plans to increase his shareholding in the company
Gan & Lee Pharmaceutical (603087) announced that Sun Cheng, deputy general manager and financial director of the company, plans to increase his holdings of the company's shares through centralized bidding transactions within 6 months, with a total increase of 300,000 yuan (inclusive) - 500,000 yuan (inclusive). There is no price range for this increase.
Oriental Huanyu: The actual controller Li Weiwei plans to reduce his holdings of no more than 0.26% of the company's shares
Oriental Huanyu (603706) announced on the evening of May 15 that Li Weiwei, the actual controller of the company, intends to reduce his holdings of the company's shares by no more than 500,000 shares, accounting for no more than 0.26% of the company's total share capital.
*ST Cultural Investment: Xiamen Trust Huijin No. 1667 plans to reduce its holdings of no more than 1% of the company's shares
*ST Cultural Investment (600715) announced on the evening of May 15 that Xiamen International Trust Co., Ltd. - Xiamen Trust - Huijin No. 1667 Equity Income Right Collective Fund Trust Plan (hereinafter referred to as "Xiamen Trust Huijin No. 1667"), a shareholder of 8.16% of the company, plans to reduce its holdings of the company's shares by centralized bidding from June 6 to September 3 by no more than 18,548,500 shares, and the reduction ratio does not exceed 1% of the company's total share capital.
Yanjin Shop: Zhang Xuewen, one of the actual controllers, plans to reduce his holdings of no more than 1.5% of the company's shares
Yanjin Shop (002847) announced on the evening of May 15 that Zhang Xuewen (one of the actual controllers of the company), a shareholder who holds 16.02% of the company's shares, plans to reduce the company's shares by a total of no more than 2,939,900 shares, that is, no more than 1.5% of the company's total share capital.
Hengrui Pharmaceutical: It is planned to repurchase shares from 600 million yuan to 1.2 billion yuan
Hengrui Pharmaceutical (600276) announced on the evening of May 15 that the company intends to repurchase shares in a centralized bidding transaction for the employee stock ownership plan. The total amount of funds to repurchase shares shall not be less than 600 million yuan and not more than 1.2 billion yuan, and the repurchase price shall not exceed 67.38 yuan per share.
Zhongjian Technology: It is planned to repurchase shares for 15 million yuan to 30 million yuan
Zhongjian Technology (300777) announced on the evening of May 15 that the company intends to use its own funds to repurchase the company's shares for employee stock ownership plans or equity incentives, with a repurchase price of no more than 41.14 yuan per share, and a total repurchase fund of not less than 15 million yuan and no more than 30 million yuan.
Important Announcements
*ST Shimao: The company's shares have touched the trading delisting indicator and have been suspended since May 16
*ST Shimao (600823) announced that the daily closing price of the company's shares for 20 consecutive trading days was lower than RMB 1, hitting the trading delisting index. Trading in the company's shares will be suspended from the market open on Thursday, May 16. The SSE will issue a prior notice to the company of its intention to terminate the listing of its shares within 5 trading days after the company touches the trading delisting situation.
Public Transportation: It is planned to sell the shares of Minsheng Securities and subscribe for the shares of Guolian Securities
Public Transportation (600611) announced that the company intends to sell 220 million shares of Minsheng Securities (hereinafter referred to as the "underlying assets") held by it to Guolian Securities, and subscribe for the newly issued A shares of Guolian Securities with the underlying assets. The audit and evaluation of Minsheng Securities involved in this transaction have not yet been completed, and the transaction price of the underlying assets has not yet been determined.
Nanjing Chemical Fiber: At present, the main business is still cellulose fiber and PET structural core materials
Nanjing Chemical Fiber (600889) issued an announcement on abnormal fluctuations in stock prices, saying that the company's main business is still cellulose fiber and PET structural core materials, and the company's production and operation are normal and have not undergone major changes.
Jimin Medical: The projects related to the stem cell drug R&D pipeline are all in the preclinical stage
Jimin Medical (603222) disclosed the announcement of stock trading changes that the company's Boao International Hospital signed a cooperation agreement with Professor Jonathan Robert Todd Lakey in January 2019, and hired Professor Jonathan Robert Todd Lakey as the chief scientist, whose main responsibility is to provide technical support for the hospital in stem cell-related fields and jointly carry out scientific research projects for a period of 3 years. Up to now, the cooperation between the two parties has ended, and the company has not promoted the transformation of its related scientific research results in China. Boao International Hospital's current stem cell drug R&D pipeline mainly includes adipose mesenchymal stem cells (ADSC) for retinitis pigmentosa (RP), adipose mesenchymal stem cells (ADSC) for type 2 diabetes mellitus (T2DM), and adipose mesenchymal stem cells (ADSC) for chronic obstructive pulmonary disease (COPD), but all of them are in the preclinical stage and the project is relatively early.
Panjiang shares: plans to acquire 9% of the shares of Shouqian Company to strengthen its controlling position
Panjiang Co., Ltd. (600395) announced that the company intends to participate in the acquisition of 9% of the equity of Guizhou Shouqian Resource Development Co., Ltd. (hereinafter referred to as "Shouqian Company") publicly listed and transferred by Shougang Shuicheng Iron and Steel (Group) Co., Ltd. through public delisting, with a reserve price of 112 million yuan. If the acquisition is successful, the company's shareholding in Shouqian will increase from 86% to 95%. Yangshan Coal Mine, which belongs to Shouqian Company, is rich in coal resources and has the advantages of excellent coal quality and high selectivity. The company's acquisition of 9% equity of Shouqian Company is conducive to expanding the main coal business and strengthening the company's controlling position in Shouqian Company. In addition, after comprehensively considering the company's financial situation and project investment risks, and from the perspective of sound operation, the company decided to give up the business opportunity of cooperating with Guizhou Wujiang Hydropower Development Co., Ltd. to invest in the construction and operation of the "Bijie Fire Wind and Solar Integrated Power Generation Project".
Onlly Education: At present, the education and training business is still a highly regulated industry
Onlly Education (600661) disclosed on the evening of May 15 that the company takes education and training as its main business, and has continuously deepened its strategic transformation in recent years, forming a parallel business pattern of quality education, vocational education, adult education and international and basic education. Up to now, the company's daily operation is normal. At present, the education and training business is still a highly regulated industry and is greatly affected by relevant policies. The company will pay attention to relevant policy developments and promote the compliance of training business.
Zhibang Home Furnishing: The company actively develops the stock housing market business
Zhibang Home Furnishing (603801) said in an institutional survey on May 14 that the company is actively developing the stock housing market business, and is adapting to the customer group of the business and making a comprehensive attempt. This kind of business characteristics requires higher capabilities for the company, in addition to the ability to customize the whole company, it will also involve basic services, efficiency and cycle time. On the product side, the company is also laying out the old housing market, such as intelligence, aging and other characteristics. The company is in the process of establishing a business model and building a business structure to promote business formation.
Jingjiawei: The domestic semiconductor market is expected to recover this year
On May 15, at the 2023 annual results briefing of Jingjiawei (300474), the company's executives said on the outlook for the recovery of the semiconductor market that according to WSTS, the global semiconductor market will see a strong recovery in 2024, with a year-on-year increase of 11.8%. With the advancement of semiconductor technology and the release of downstream demand, the company believes that the domestic semiconductor market is expected to recover this year. The company focuses on the development of the GPU field and will continue to vigorously expand the market based on the company's own advantages.
Yahua Group: The first phase of the Zimbabwe lithium mine project has been put into production, and the first batch of goods is about to arrive in China
On the afternoon of May 15, Yahua Group (002497) said at the 2023 annual results briefing that the first phase of the company's lithium mining and dressing project with an annual output of 2.3 million tons in Zimbabwe has been completed and put into operation, and the first batch of goods will soon arrive in China; The second phase will be completed and put into operation in 2024, which can meet most of the lithium resource needs of the company's existing lithium salt production capacity.
EVE: At present, there are no power battery products directly exported to the United States
EVE said on the interactive platform on May 15 that the company currently has no direct exports to the United States for the power battery part, and the latest tariff policy in the United States has no impact on the company; For the non-power battery part, the new tariff will be imposed from 2026, and the company has laid out the Malaysian factory in advance, planned the production capacity of consumer batteries and energy storage batteries, and is expected to support the delivery of local customers in the United States in 2026. The company believes that having overseas factories and production capacity will enhance the competitiveness of its products from the perspective of reducing the impact of tariffs.
DCIT: Reached a strategic cooperation with Tencent Cloud to promote the upgrade of TMF platform
On May 15, DCIT (000555) and Tencent Cloud reached a strategic cooperation on the "TMF Mobile Development Platform". It is reported that in this strategic cooperation, the two parties will jointly carry out market expansion and technology research and development work to promote the development of the mobile financial industry, including the establishment of a joint research and development team between the two parties to promote the continuous upgrading of the TMF platform; Integrate the products of both parties to create customized solutions for the financial industry.
Huasheng Lithium: The company's shares trigger the conditions for the start of stock price stabilization measures
Huasheng Lithium (688353) announced on the evening of May 15 that from April 15 to May 15, the closing price of the company's shares has been lower than the latest audited net assets per share for 20 consecutive trading days, triggering the conditions for the start of stock price stabilization measures. According to the Company's Stock Price Stabilization Plan, the Company will formulate a specific plan for stock price stabilization measures within 5 trading days from the date on which the stock price triggers the conditions for initiating the stock price stabilization measures (May 15), and implement them after completing the relevant review procedures.