Sony is considering partnering with TSMC to build a chip factory in Japan; Hertz: Tesla Model 3 orders could increase to 150,000 units; Tencent music investors are collectively suing Goldman Sachs and Morgan Stanley

Per reporter: Cai Ding

Sony confirmed it is considering partnering with TSMC to build a chip factory in Japan; Hertz: Tesla Model 3 orders could increase to 150,000 units; Tencent music investors filed class-action lawsuits against Goldman Sachs and Morgan Stanley.

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Caterpillar (latest market capitalization of $110.3 billion): Third-quarter revenue of $12.4 billion, market estimate of $11.84 billion, third-quarter operating profit of $1.66 billion, market estimate of $1.44 billion. Caterpillar CFO: Customer demand is very strong at the moment, and we believe that price increases are sustainable within the market; revenue in the fourth quarter is expected to be stronger than in the third quarter.

Airbus (latest market capitalization of €87,323 million): Airbus generated revenue of €10.52 billion in the third quarter, with a market estimate of €10.86 billion; adjusted EBIT for the third quarter was €666 million. It is still predicted that about 600 deliveries will be made for the full year. Adjusted free cash flow for the full year is expected to be approximately EUR 2.5 billion.

Volkswagen (latest market capitalization of €119,473 million): Adjusted operating profit for the third quarter of €2.8 billion, with a market estimate of €2.49 billion; adjusted operating margin of 4.9 percent compared to 5.40 percent in the year-ago quarter; and still forecast full-year operating margin of 6 percent to 7.5 percent. Volkswagen CFO: We're seeing chip supply start to stabilize. Volkswagen CEO: We need more integration of the value chain to prepare the Wolfsburg plant to compete with Tesla's Glenhead plant.

Goldman Sachs (latest market capitalization of $138.2 billion), Morgan Stanley (latest market capitalization of $185.1 billion): Recently, Lawson Law Firm announced that it has filed a class action lawsuit against Goldman Sachs Group and Morgan Stanley on behalf of investors in Gao tu, Vipshop and Tencent Music. According to the firm's indictment, Goldman Sachs Group and Morgan Stanley sold shares in Gaotu, Vipshop, Tencent Music and other companies for a short time after secretly learning in advance of the substantial non-public information that Archegos Capital may not be able to call the margin. As a result of these sell-offs, Goldman Sachs and Morgan Stanley together avoided billions of dollars in losses, but the resulting losses for other investors. The lawsuit will represent investors in claims against the two investment banks.

Merck (latest market capitalization $214.9 billion): Earnings per share in Q3 2021 were $1.81, compared to $1.38 expected, compared to $1.16 in the year-ago quarter. MERCK Q3 sales increased 20% year-over-year to $13,154 million and GAAP net income of $4,567 million, up 55% year-over-year.

Sanofi-Aventis (latest market capitalization of $127.1 billion): Q3 net sales of €10,432 million, compared to €9,479 million in the year-ago quarter, an increase of 10.1% year-on-year, and net profit attributable to shareholders of the company of €2,317 million, compared to €1,952 million in the year-ago quarter, an increase of 18.7% year-on-year. Sanofi's earnings per share in Q3 were €1.85, compared to €1.55 in the year-ago quarter, an increase of 19.4% year-on-year. Gross profit was EUR 7,591 million, compared to EUR 6,703 million in the year-ago quarter, an increase of 13.2% year-on-year.

Nokia (latest market capitalization of $33.2 billion): Nokia's adjusted operating profit for the third quarter was 633 million euros, with a market estimate of 509.4 million euros, and adjusted earnings per share in the third quarter were 0.08 euros, compared with a market estimate of 0.07 euros. Nokia CEO: The 5G market is still growing and is expected to take several years to peak.

Sony (latest market capitalization of $147.3 billion): Sony Group companies operated profit of 318.46 billion yen in the second quarter. The company expects full-year revenue of 1.04 trillion yen, compared with 980 billion yen, and operating profit for the second quarter was 318.5 billion yen ($2.8 billion), compared with 315.2 billion yen in the same period last year.

According to reports, Sony confirmed on the 28th that it is considering cooperation with TSMC to build a chip factory in Kumamoto Prefecture in western Japan. On Sony's earnings call, Sony's chief financial officer, Hiroki Totoki, said Sony is considering partnering with TSMC to build a factory. Hiroki Totoki said: "In the situation of tight chip supply, the stable procurement of semiconductors is a key issue, and TSMC's factory may be a solution. Hiroki Totoki also said that Sony will continue to consult with TSMC and Japan's Ministry of Economy, Trade and Industry on this matter. Sony is also considering whether to share its experience with TSMC in operating a chip factory in Japan.

Hertz (latest market value of $13.087 billion): Mark Fields, the interim CEO of Hertz, one of the world's largest car rental companies, said on the 29th that in the next 3 years, Hertz Global may increase the order volume of Tesla electric vehicles to 150,000 units. Fields also revealed that the 100,000 Model 3s ordered by Hertz Global do not include Tesla's "fully autonomous driving (FSD) kit." However, it is not excluded that FSD will be installed in the future. This means that Uber drivers can only rely on the basic driver assistance system Autopilot for now.

LONGi shares (the latest market value of 482.4 billion yuan): On October 28, LONGi announced that after testing by the world's recognized authoritative testing institutions, LONGi silicon-based heterojunction batteries (HJT) have once again made a major breakthrough, with a conversion efficiency of up to 26.3%. This is another new world record set by LONGi after achieving a photoelectric conversion efficiency of 25.82% on the M6 full-size monocrystalline silicon wafer for the first time last week, and the highest efficiency of the world's crystalline silicon FBC structure battery so far.

Xiaopeng Automobile (the latest market value of 39.8 billion US dollars): Xiaopeng Automobile announced on the 28th that it will use a total of 30 overcharging stations in the high-speed service area and within 5 kilometers of the highway intersection, running through the Beijing-Shanghai, Beijing-Hong Kong-Macao high-speed charging routes. Xiaopeng Automobile has also become the first car company in China to cross 3500+ kilometers and create a charging route without mileage anxiety. On the same day, Xiaopeng Automobile's first energy storage and charging station landed in Handan, Hebei Province. As of the end of September, Xiaopeng Automobile has covered 439 brand supercharging stations nationwide, and rolled out 1648 free charging stations, covering 221 cities.

Yunnan Baiyao (latest market value of 113.3 billion yuan): On October 28, the topic "Yunnan Baiyao stock speculation lost 1.5 billion yuan" was on the hot search list. On the same day, Yunnan Baiyao told the Beijing News Shell Financial Reporter: "We have received criticism and correction from all parties, in fact, we have always adhered to the main business, as for securities investment, at that time, the main purpose of entering the market was to improve the efficiency of the use of funds, things have developed to this situation, in fact, our position has been lowered." At present, the company is very cautious about investment targets, and in the future, we will gradually optimize the investment structure and gradually withdraw from securities investment. ”

Tonghuashun (latest market value of 59.9 billion yuan): Network Technology, a wholly-owned subsidiary, received the Decision on Issuing a Warning Letter to Zhejiang Tonghuashun Network Technology Co., Ltd. issued by the Zhejiang Securities Regulatory Bureau. On the same day, the Zhejiang Securities Regulatory Bureau found that the "Flush" APP operated by the network technology company was abnormal, and at the same time, public opinion events appeared in Sina Weibo and other media, which seriously affected the market. The Zhejiang Supervision Bureau decided to take supervision and management measures against network technology companies for issuing warning letters and record them in the integrity file of the securities and futures market.

Ewell Lithium Energy (latest market value of 215.4 billion yuan): The company and the Administrative Committee of Chengdu Economic and Technological Development Zone (hereinafter referred to as the Management Committee) signed the "Strategic Cooperation Framework Agreement for the 50GWh Power Storage Battery Project of Ewell Lithium Energy", and reached relevant agreements on the construction of the "Ewell Lithium Energy 50GWh Power Storage Battery Project" newly acquired land in the area under the jurisdiction of the Management Committee.

Sany Heavy Industry (latest market value of 194.1 billion yuan): In the third quarter, the company achieved a net profit of 2.493 billion yuan, down 35.32% year-on-year; affected by the weakening of domestic downstream demand and the high base of the super compensation rebound last year, the company's revenue growth rate declined and the product structure changed. In the first three quarters, the company achieved a net profit of 12.567 billion yuan, an increase of 0.91% year-on-year.

Huaxia Happiness (latest market value of 14 billion yuan): The company achieved operating income of 28.422 billion yuan in the first three quarters, down 49.9% year-on-year; the net loss in the first three quarters reached 13.456 billion yuan. Among them, the net loss in the third quarter was 3.976 billion yuan.

Chinese Insurance (latest market value of 224.7 billion yuan): The company achieved operating income of 138.985 billion yuan in the third quarter, down 2.7% year-on-year; net profit was 3.891 billion yuan, down 36.6% year-on-year. The company's claims expenses and withdrawal reserves increased year-on-year in the third quarter. In the first three quarters, the company achieved a net profit of 20.775 billion yuan, an increase of 10.9% year-on-year.

CITIC Construction Investment (latest market value of 100 million yuan): The company achieved operating income of 8.285 billion yuan in the third quarter of 2021, an increase of 39.02% year-on-year; net profit of 2.729 billion yuan, down 6.31% year-on-year. In the first three quarters, the company achieved a net profit of 7.258 billion yuan, down 3.11% year-on-year.

Vanke A (latest market value of 222.4 billion yuan): The company achieved operating income of 104.374 billion yuan in the third quarter, an increase of 9.70% year-on-year; net profit was 5.642 billion yuan, down 23.3% year-on-year. Net profit in the first three quarters was 16.689 billion yuan, down 15.98% year-on-year.

BYD (latest market value of 881.2 billion yuan): The company achieved operating income of 54.306 billion yuan in the third quarter, an increase of 21.98% year-on-year; net profit of 1.27 billion yuan, down 27.5% year-on-year. In the first three quarters, it achieved a net profit of 2.443 billion yuan, down 28.43% year-on-year.

LONGi shares (the latest market value of 482.4 billion yuan): The company achieved operating income of 21.107 billion yuan in the third quarter of 2021, an increase of 54.17% year-on-year; net profit of 2.563 billion yuan, an increase of 14.39% year-on-year. The company's revenue growth was mainly due to higher module sales.

TBEA (latest market value of 97.7 billion yuan): The company achieved operating income of 16.614 billion yuan in the third quarter of 2021, an increase of 44.33% year-on-year; net profit of 2.085 billion yuan, an increase of 227.92% year-on-year. During the reporting period, polysilicon prices increased and sales increased, new energy self-operated power station power generation increased, and coal sales increased. In the first three quarters, the company achieved a net profit of 5.191 billion yuan, an increase of 233.67% year-on-year.

Sanan Optoelectronics (the latest market value of 144.9 billion yuan): The company achieved operating income of 3.417 billion yuan in the third quarter of 2021, an increase of 46.49% year-on-year; net profit of 402 million yuan, an increase of 32.56% year-on-year. In the first three quarters, the company achieved a net profit of 1.286 billion yuan, an increase of 37.04% year-on-year. During the reporting period, the company's product sales and operating income increased significantly. In terms of shareholders, Star Fund Xingquan Trend and Sino Analytica Growth both reduced their positions slightly in the third quarter.

Sinopec (latest market value of 508.5 billion yuan): The company achieved operating income of 2,003.35 billion yuan in the first three quarters, an increase of 29% year-on-year; net profit of 59.892 billion yuan, an increase of 154.9% year-on-year.

Yili shares (the latest market value of 247.9 billion yuan): The company achieved operating income of 28.381 billion yuan in the third quarter of 2021, an increase of 8.48% year-on-year; net profit of 2.622 billion yuan, an increase of 14.56% year-on-year. Star fund manager Zhang Kun managed the list of E Fangda blue-chip selected new top ten shareholders, with a shareholding ratio of 1.74%. In the first three quarters, the company achieved a net profit of 7.944 billion yuan, an increase of 31.87% year-on-year.

SF Holdings (latest market value of 100 million yuan): The company achieved operating income of 47.517 billion yuan in the third quarter, an increase of 23.53% year-on-year; net profit of 1.038 billion yuan, down 43.49% year-on-year. The company's overall profitability achieved a steady recovery quarter by quarter, and the company achieved a non-net profit of 657 million yuan in the second quarter, which was a turnaround from the first quarter to a profit, and the third quarter was 810 million yuan, an increase of 23% from the second quarter.

BOE A (latest market value of 187.2 billion yuan): The company's operating income in the third quarter was 55.993 billion yuan, an increase of 46.77% year-on-year; net profit was 7.253 billion yuan, an increase of 441.14% year-on-year. BOE A announced on the same day that it and HEFEI BOE Automotive and Nianjia Investment Co., Ltd., a subsidiary of BOE Precision, intend to invest in the BOE Chengdu Vehicle Display Base Project, with a total investment of about 2.5 billion yuan and an annual output of about 14.4 million car display screens after production.

Luzhou Laojiao (latest market value of 287.6 billion yuan): The company achieved operating income of 4.793 billion yuan in the third quarter, an increase of 20.89% year-on-year; net profit of 2.049 billion yuan, an increase of 28.48% year-on-year. In the first three quarters, it achieved a net profit of 6.276 billion yuan, an increase of 30.32% year-on-year. The company's sales revenue of high-end liquor increased. As of the end of the third quarter, compared with the end of the second quarter, the shareholding ratio of China Merchants CSI Liquor increased from 2.61% to 4.23%; the shareholding of E Fangda Blue Chip Select decreased from 2.53% to 2.14%.

Shanxi Fenjiu (latest market value of 374.7 billion yuan): The company achieved operating income of 5.138 billion yuan in the third quarter of 2021, an increase of 47.81% year-on-year; net profit of 1.335 billion yuan, an increase of 53.24% year-on-year. During the reporting period, the company's product sales increased, the product structure improved, and the sales revenue achieved steady growth. In the first three quarters, the company achieved a net profit of 4.879 billion yuan, an increase of 95.13% year-on-year.

CITIC Securities (latest market value of 319.9 billion yuan): The company achieved operating income of 20.091 billion yuan in the third quarter of 2021, an increase of 31.73% year-on-year; net profit of 5.447 billion yuan, an increase of 45.84% year-on-year. In the first three quarters, the company achieved a net profit of 17.645 billion yuan, an increase of 39.37% year-on-year.

CICC (latest market value of 230 billion yuan): The company achieved a net profit of 2.447 billion yuan in the third quarter, an increase of 33.02% year-on-year; in the first three quarters, it achieved a net profit of 7.454 billion yuan, an increase of 52.39% year-on-year.

Tesla (latest market cap $1.07 trillion): Tesla recently released a new version of the app, updated the sentry mode and added real-time camera access. Tesla said the live camera is end-to-end encrypted and inaccessible to Tesla. Previously, the subscription service included, for example, navigation, real-time traffic visualization, karaoke, music media and internet browsers.

Green Rice: IoT company Aqara Green Rice announced the completion of a new round of financing of 1 billion yuan. The investors in this round of financing are Shenzhen Venture Capital, Joy Capital, China Telecom, Jinglin Assets, Zhongyuan Capital and Unicom CICC, and Yunmu Capital continues to serve as the exclusive financial advisor for this round.

Dongchao Technology: Anhui Dongchao Technology Co., Ltd. (hereinafter referred to as Dongchao Technology), an interactive aerial imaging service provider, announced the completion of a round of financing of 35 million yuan A+ and exclusively invested by Weishi Electronics Co., Ltd. Han Dongcheng, founder of Dongchao Technology, said that this round of financing will be mainly used for product innovation optimization, market expansion and improvement of industrial chain layout.

Finishing: Cai Ding

Edited by: Liang Xiao

Cover image: Cai Peijun

Typesetting: Liang Owl Ma Yuan

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