The Chinese version of the Starlink satellite will be launched for the first time, and the annual delivery capacity will be doubled
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According to reports, the first batch of networked satellites of China's version of "Starlink" and "Thousand Sails Constellation" were successfully launched at the Taiyuan Satellite Launch Center on August 6, and 18 satellites were launched into orbit. Industry insiders believe that this move will become a milestone event in the history of the development of low-orbit satellites in the mainland. Relevant people said that after trying "one arrow 18 stars" this year, with the annual delivery capacity doubling, the follow-up will also explore "one arrow 36 stars" and "one arrow 54 stars", and finally form a "thousand sails constellation". According to the plan, the first phase will complete the launch of 1,296 satellites, and in the future, more than 14,000 low-orbit broadband multimedia satellites will be built.
Comments: After the "Thousand Sails Constellation" plan is implemented, it will bring satellite Internet access services to ordinary consumers anytime and anywhere, ensuring that everyone "never loses contact". At present, commercial aerospace competition has become one of the main forms of global aerospace competition, and has become an important driving force for a new round of scientific and technological revolution and industrial transformation. A series of major policies have been released, which is accelerating the development of commercial aerospace. In 2024, China's commercial aerospace industry will usher in the real first year, the industrial chain will begin to mature, the infrastructure will become more and more perfect, the demand will gradually become clear, and the market space is opening up. A-share related concept stocks mainly include $Tianyin Electromechanical (SZ300342)$, $Triangle Defense (SZ300775)$, etc.
【CSI Focus】
The three departments issued a document to establish and improve the technical standard system of virtual power plants
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On August 6, the National Development and Reform Commission, the National Energy Administration, and the National Data Administration issued the Action Plan for Accelerating the Construction of a New Power System (2024-2027), requiring nine special actions to be carried out in 2024-2027 to promote the construction of a new power system to achieve practical results. The Action Plan proposes to build a number of virtual power plants, establish and improve the technical standard system of virtual power plants, improve the market access, safe operation standards and trading rules of virtual power plants, normalize participation in system regulation, and improve the ability of power supply and local consumption of new energy.
Comments: Virtual power plants have important value in the construction of new power systems, and are an important help to solve the problem of "energy triangle", that is, to achieve safety, environmental protection and economy at the same time. Through the integration and optimal control of distributed energy resources and multi-load resources, the virtual power plant has formed a kind of "risk hedging" resource, which can provide support in the form of peak regulation services, frequency regulation services, and demand response according to the needs of the safe operation of the power grid. It can effectively promote the balance between supply and demand of the power grid, realize the low-cost integration of distributed energy resources into the grid, and promote the green energy transition. The agency predicts that the market size of virtual power plants in mainland China will reach 10.2 billion yuan in 2025 and is expected to increase to 100 billion yuan by 2030. A-share related concept stocks mainly include $Keyuan Wisdom (SZ002380)$, $Youxunda (SZ300514)$, etc.
Sales doubled this summer, and traditional Chinese medicine tea drinks are the strongest outlet
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According to reports, the "Summer Water Consumption Observation" report released by the Jingdong Consumption and Industry Development Research Institute shows that in July this year, the sales of drinking water, beverages and dairy products grew rapidly, of which the sales of barley water increased by 117% year-on-year, yam water increased by 101%, and longan water increased by 98%. These data show that the market potential of traditional Chinese medicine tea is huge and has become a bright spot in the current beverage industry. A-share related concept stocks mainly include $Zuoli Pharmaceutical (SZ300181)$, $Hongri Pharmaceutical (SZ300026)$, etc.
〇 Central enterprise procurement ushered in new regulations will take the lead in the use of innovative products in key areas
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The State-owned Assets Supervision and Administration Commission of the State Council issued the "Guiding Opinions on Standardizing the Procurement Management of Central Enterprises", requiring procurement to play a supporting role in scientific and technological innovation. When the first (set) equipment, the first batch of materials, and the first version of the software participate in procurement activities, only relevant supporting materials need to be submitted, which is deemed to meet the requirements of market share and performance, and the central enterprises shall not set discriminatory evaluation standards. In key areas of scientific and technological innovation such as satellite navigation, chips, high-end CNC machine tools, industrial robots, and advanced medical equipment, we will give full play to the role of the main force in the procurement and use of central enterprises, and take the lead in using innovative products.
@华安证券研究所 believes that the overall output value of the mainland's satellite navigation and location service industry will reach 536.2 billion yuan in 2023, a year-on-year increase of 7.09%. In the early days, the domestic market was mainly monopolized by foreign giants, and now the mainland has fully realized localization of GNSS baseband chips, RF chips, 0EM boards, and high-precision positioning algorithms. China Spatio-temporal Information Group was established in April this year, and the application and promotion of the Beidou industry has since been grasped. Driven by a series of policies, the application of Beidou industry will accelerate.
$CTI Navigation (SZ300627)$ net profit in the first half of the year is expected to increase by 28.87%-35.25%, mainly due to the rapid growth of resources and public utilities and overseas revenue;
$Sinan Navigation (SH688592)$ is a national-level specialized and new "little giant" enterprise that has completely independently mastered the core technology of high-precision Beidou/GNSS module and successfully realized large-scale market application.
【SSE Selection】
〇 The National Development and Reform Commission and other three departments issued the "Action Plan for Accelerating the Construction of a New Power System (2024-2027)", which will improve the network layout of charging infrastructure and implement a number of computing power and power synergy projects.
〇 According to the State-owned Assets Supervision and Administration Commission of the State Council, a total of 91 state-owned enterprises are on the latest Fortune Global 500 list. At least some aerospace science and technology, aerospace science and industry, Shandong Iron and Steel, Weichai Power and other enterprises have taken the initiative not to participate in the selection.
〇The first semi-annual performance report of fund companies in 2024 was released, and the revenue of China AMC Fund in the first half of the year was 3.669 billion yuan and the net profit was 62 million yuan, both of which decreased slightly by about 1% from the same period last year.
〇 On August 6, a number of broad-based ETFs increased in late trading. According to Choice's estimates, since July, as of August 5, the net subscription amount of A-share equity ETFs has reached 195.099 billion yuan.
〇 On August 6, northbound funds sold a net of 6.251 billion yuan. Zijin Mining and Industrial Fortune Union received net purchases of 148 million yuan and 100 million yuan respectively; Zhongji InnoLight was net sold for more than 500 million yuan.
【Industry Information】
〇 Multi-sector deployment to promote service consumption The competitiveness of the industry leader is expected to be improved
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The Information Office of the State Council will hold a press conference at 10 a.m. on August 9, at which Tang Wenhong, Assistant Minister of Commerce, and relevant officials from the National Development and Reform Commission, the Ministry of Civil Affairs, and the Ministry of Culture and Tourism will introduce the "Opinions on Promoting the High-quality Development of Service Consumption" (hereinafter referred to as the "Opinions").
@国泰君安研究所 believes that the "Opinions" have a positive impact on the development of industries and leading companies in the whole sector of social services and commerce. With short-term high-quality supply upgrading and scenario innovation, incremental demand in the fields of catering/OA/scenic spots/hotels/duty-free/outbound travel/fitness is expected to be gradually stimulated. In the short term, industry supply and competition may intensify, but considering that Chinese service consumer brands have been competing in a long-term market-oriented environment, it is expected to promote China's consumer service leaders to accelerate their own standardization and efficiency improvement, and cultivate international competitiveness.
$Changbaishan(SH603099)$ The main business includes tourist passenger transportation, hot spring development, hotel management, travel agency, scenic spot management, etc.;
$Lingnan Holdings(SZ000524)$ is a comprehensive tourism group integrating business travel, accommodation, exhibition, scenic spots, automobile services and other businesses.
〇The first batch of networked satellites of the Qianfan constellation was successfully launched, and the construction of commercial space was accelerated
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At 14:42 Beijing time on August 6, the mainland successfully launched 18 satellites of the Qianfan Polar Orbit 01 Group, the first batch of networking satellites of the "Qianfan Constellation", using the Long March-6A carrier rocket at the Taiyuan Satellite Launch Center.
According to the Institute of Microsatellite Innovation of the Chinese Academy of Sciences, the "Thousand Sails Constellation" is one of the two major low-orbit satellite Internet constellation plans under construction in the mainland, with a long-term plan to deploy more than 15,000 satellites. For the first time, the 01 group of satellites of Qianfan Polar Orbit has realized the mass development of continental flat-panel satellites and the stacked launch of 18 satellites with one arrow.
@浙商证券研究所 believes that the continuous development of high-throughput satellite technology has accelerated the construction of satellite Internet, and low-orbit satellites have obvious advantages in terms of launch cost and global coverage, and have become the focus of global satellite Internet development. In the industrial chain, the satellite manufacturing link has a large number of supporting listed companies, and the economies of scale are strong after the outbreak of the industry, and it is expected to achieve explosive growth with the construction of low-orbit communication satellite starlink. Rocket launch is developing rapidly in the direction of large capacity and low cost, and the launch vehicle market space is broad; The application of mobile phone direct connection will develop in the direction of high-gain antenna, mobile phone terminal chip integration, satellite-ground integration networking, satellite-ground frequency sharing and other technologies.
[Announcement Interpretation]
〇Digital China won the bid for a new type of intelligent computing
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$Digital China (SZ000034)$ A subsidiary, China Kuntai, received the "Notice of Winning the Bid" from China Post and Telecommunications Equipment Group Co., Ltd., confirming that China Kuntai is the supplier of China Mobile's 2024-2025 new intelligent computing center procurement (bid package 1): the winning bid share is 10.53%, and the bid price is 19.12 billion yuan (excluding tax). The products supplied by the project are Shenzhou Kuntai series AI servers.
〇 New Media Co., Ltd. and other companies plan to repurchase shares
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$New Media Shares (SZ300770)$ It is planned to repurchase shares with 50 million yuan to 110 million yuan of new media shares to reduce the company's registered capital, and the repurchase price will not exceed 49 yuan per share.
$Besmei (SZ300796)$ intends to repurchase shares with 50 million yuan to 100 million yuan for employee stock ownership plans or equity incentives, and the repurchase price does not exceed 13 yuan per share. In addition, the company plans to sign the "Investment Agreement for the Special Alcohol Project with an Annual Output of 35,000 Tons" with the Management Office of Tongling Henggang Chemical Park, with a total investment of 550 million yuan.
〇 AVIC's acquisition of Chengfei Group was approved by the China Securities Regulatory Commission
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$AVIC (SZ300114)$ recently received the approval of the China Securities Regulatory Commission to approve the company's registration application for purchasing 100% of the equity of Chengdu Aircraft Industry (Group) Co., Ltd. According to the report on major asset restructuring, AVIC plans to issue shares to Aviation Industry Corporation of China to purchase 100% of the shares of Chengfei Group held by it, with a transaction amount of 17.4 billion yuan.
〇 Yifan Pharmaceutical received the drug registration certificate
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$Yifan Pharmaceutical(SZ002019)$ Hefei Yifan Biopharmaceutical, a wholly-owned subsidiary, received the Drug Registration Certificate for Mesocarbamol Injection approved and issued by the State Food and Drug Administration, which is mainly used for the treatment of acute skeletal muscle pain or discomfort symptoms. According to data from Minenet, the domestic sales of mesocarbamol injection in 2023 will be 330 million yuan.
〇 Tongniu Information plans to invest in the construction of supercomputing and financial cloud computing base
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$Tongniu Information (SZ300895)$ intends to issue shares to specific targets through simplified procedures, and the total amount of funds to be raised will not exceed 193 million yuan, which will be used for the supercomputing and financial cloud computing base project (phase I) of Fangheng Technology. The company will further expand the operation scale of the Beijing data center to meet customers' needs for reliability, network connectivity, convenience, time delay, and security.
【Tide of Funds】
〇 No. 9 Company and other companies in the first half of the year performance increased significantly
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$9 Company (SH689009)$ achieved a net profit of 596 million yuan in the first half of the year, a year-on-year increase of 167.82%. The company focuses on the main business of innovative short transportation and service robots, and its subdivided product lines have bright spots, driving the company to achieve its own brand sales revenue of 5.86 billion yuan.
$ Wenke Co., Ltd. (SZ002775)$ achieved a net profit of 8.9616 million yuan in the first half of the year, a year-on-year increase of 43.87%.
【Institutional Research】
〇 1. Institutional seats to buy Kede Education
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On August 6, $Kede Education (SZ300192)$ bought 23.47 million yuan from 1 institution, accounting for 2.46% of the total turnover of the day.
@华源证券研究所 said that the resonance of "education + ink" drives the steady growth of the company's main business. At present, the company's education business is mainly vocational schools and repeaters, benefiting from the steady improvement of the external business environment, and the operating income of this business in 2023 will increase by 23.7% year-on-year. In addition, the Company's 7.8% stake in Zhongwu Xinying was not fully priced. Zhongwu Xinying is a leading TPU enterprise in mainland China, with a strong technical background in the team, and is expected to drive AI chips to be independent and controllable with technological breakthroughs.