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Summary

The Shanghai Stock Exchange will release two indices, including the Shanghai Stock Exchange Science and Technology Innovation Board Chip Design Theme Index.

Central Bank: The cumulative increase in social financing scale in the first half of 2024 will be 18.1 trillion yuan.

Four departments: Strengthen business and financial coordination, and support the high-quality development of cross-border trade and investment with greater efforts.

The Ministry of Industry and Information Technology has started selecting pilot cities for large-scale application of Beidou.

National Bureau of Statistics: The price of live pigs (three-way crossbreds) rose by 4.5% month-on-month in early July.

Lighthouse Professional Edition data: This year's summer movie box office exceeded 4 billion yuan.

Zhongji Xuchuan: Net profit in the first half of the year is expected to increase by 250.3%-307.33% year-on-year.

Spotlight

The Shanghai Stock Exchange will release two indices, including the SSE Sci-Tech Innovation Board Chip Design Theme Index

According to the Shanghai Stock Exchange on July 14, the Shanghai Stock Exchange and China Securities Index Co., Ltd. will officially release the Shanghai Stock Exchange Science and Technology Innovation Board Chip Design Theme Index and the Shanghai Stock Exchange Science and Technology Innovation Board Semiconductor Materials and Equipment Theme Index on July 26, 2024, providing the market with more investment targets in the Science and Technology Innovation Board semiconductor industry.

Central Bank: The cumulative increase in social financing scale in the first half of 2024 will be 18.1 trillion yuan

Central Bank: According to preliminary statistics, the cumulative increase in social financing scale in the first half of 2024 was 18.1 trillion yuan, 3.45 trillion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 12.46 trillion yuan, 3.15 trillion yuan less than the same period last year; foreign currency loans issued to the real economy decreased by 8 billion yuan in RMB, 16.2 billion yuan less than the same period last year; entrusted loans decreased by 91.7 billion yuan, 166 billion yuan less than the same period last year; trust loans increased by 309.8 billion yuan, 287 billion yuan more than the same period last year; undiscounted bank acceptance bills decreased by 236.5 billion yuan, 321.9 billion yuan less than the same period last year; corporate bond net financing was 1.41 trillion yuan, 237 billion yuan more than the same period last year; government bond net financing was 3.34 trillion yuan, 39.3 billion yuan less than the same period last year; non-financial enterprises' domestic stock financing was 121.4 billion yuan, 338.2 billion yuan less than the same period last year.

Four departments: Strengthen business and financial coordination to further support high-quality development of cross-border trade and investment

The Ministry of Commerce, the People's Bank of China, the State Administration of Financial Supervision, and the State Administration of Foreign Exchange jointly issued the "Opinions on Strengthening Commercial and Financial Coordination to Greater Support the High-Quality Development of Cross-Border Trade and Investment."

The Opinions put forward 11 policy measures in five aspects, centering on key areas such as stabilizing foreign trade, stabilizing foreign investment, deepening the economic and trade cooperation and outward investment cooperation of the Belt and Road Initiative, and key links such as promoting financing, preventing risks, and improving services. First, promote the quality and quantity of foreign trade and optimize the comprehensive financial services of foreign trade. Second, promote the stability and quality of foreign investment and strengthen the guarantee of foreign financial services. Third, deepen the economic and trade cooperation and outward investment cooperation of the Belt and Road Initiative and improve diversified investment and financing services. Fourth, facilitate the development of cross-border trade and investment and optimize the payment and settlement environment. Fifth, do a good job in cross-border trade, investment and financial risk prevention and control and keep a solid bottom line of security.

The Ministry of Industry and Information Technology has launched the selection of pilot cities for Beidou large-scale application

On July 12, the Ministry of Industry and Information Technology issued the "Notice on the Selection of Pilot Cities for Beidou Large-Scale Application in the Field of Industry and Information Technology", proposing to actively carry out pilot work in the three fields of mass consumption, industrial manufacturing and integrated innovation, combined with the local Beidou industrial foundation, urban development characteristics and construction conditions, to accelerate the improvement of Beidou penetration rate and promote the orderly upgrading of Beidou equipment and applications to Beidou III. The experts interviewed believe that the Beidou large-scale application pilot will further broaden the application scenarios of the Beidou system, thereby attracting more users and enterprises to participate, which will greatly promote the growth of demand in the Beidou spatiotemporal information service market and promote the development and improvement of related industrial chains.

National Bureau of Statistics: The price of live pigs (three-way crossbreed) rose by 4.5% month-on-month in early July

National Bureau of Statistics: According to the monitoring of the market prices of 50 important means of production in nine categories in the national circulation field, compared with late June, in early July 2024, the prices of 25 products increased, 22 decreased, and 3 remained unchanged. Among them, the price of sulfuric acid (98%) was 385.6 yuan/ton, up 7.8% month-on-month. The price of live pigs (three-way crossbreed) was 18.4 yuan/kg, up 4.5% month-on-month.

Lighthouse Professional Edition data: This year's summer movie box office exceeded 4 billion yuan

According to real-time data from Lighthouse Professional Edition, as of 13:31 on July 14, the total box office (including pre-sales) for the 2024 summer season (June-August) exceeded 4 billion yuan. "The Silence", "A Small Shop at the Edge of the Clouds" and "Inside Out 2" are currently ranked in the top three of the box office charts for the period.

Theme Opportunities

The Ministry of Industry and Information Technology supports the upgrade of Beidou 3, and industrial investment starts a new journey

On July 12, the Ministry of Industry and Information Technology issued a notice on the selection of pilot cities for large-scale Beidou applications in the field of industry and information technology. The notice requires that pilot work be actively carried out in the three fields of mass consumption, industrial manufacturing and integrated innovation, combined with the local Beidou industrial foundation, urban development characteristics and construction conditions, to accelerate the improvement of Beidou penetration rate and promote the orderly upgrading of Beidou equipment and applications to Beidou III.

In 2020, BeiDou-3 was officially launched, and the goal of building a more ubiquitous, integrated, and intelligent PNT system by 2025 will continue to be advanced. Various regions have successively upgraded their ground-based augmentation systems to support BeiDou signals. Combined with the integrated development of technologies such as 5G and cloud computing, BeiDou's application scenarios have continued to expand. Policy support is expected to accelerate BeiDou's expansion from military to civilian markets, and the industry and consumer markets have broad market space. BeiDou-3 has been networked globally, and market-side policy promotion is expected to expand the application field, reduce costs, and improve BeiDou's competitiveness. The establishment of the Space-Time Information Group on the execution side is expected to accelerate the industrialization of BeiDou, which is beneficial to the development of the entire industry chain.

Related concept companies include Huace Navigation, Higer Communication, etc.

Nine departments support the innovative development of fine chemical industry, with synthetic biology receiving much attention

On the 12th, the Ministry of Industry and Information Technology and nine other departments issued the "Implementation Plan for the Innovation and Development of the Fine Chemical Industry (2024-2027)", proposing that by 2027, a number of key green, safe and intelligent technologies will be broken through, the energy efficiency level will be significantly improved, the total amount of volatile organic compound emissions will be greatly reduced, and the inherent safety level will be significantly improved.

The industry believes that under the guidance of the "dual carbon" goal, the green transformation of fine chemicals has become a global consensus. The advantages of biomanufacturing technology perfectly match the requirements of fine chemicals for processes, approaches and quality, which helps to improve product quality and reduce carbon emissions in large-scale production processes. SDIC Securities believes that with the help of domestic universities and research institutes, biological platforms have made great progress, and the development and domestication of model chassis cells have developed rapidly. With policy support, various regions are attracting investment in the form of project funding and rewards. my country's biomanufacturing industry is expected to usher in a rapid development stage.

Related concept companies include Chuan Ning Biopharma, Fuxiang Pharmaceutical, etc.

Suzhou explores and issues the country's first low-altitude "traffic regulations", and the low-altitude industry is expected to enter the high-speed development lane

According to media reports, at a salon event held in Suzhou on July 13, the Suzhou Low-altitude Economic Development Leading Group Office issued the "Suzhou Low-altitude Air Traffic Rules (Trial)", which is also the first local low-altitude air traffic rules in the country and will come into effect on September 1 this year.

The low-altitude economy is an economic concept based on low-altitude airspace and dominated by the general aviation industry. It involves many industries such as low-altitude flight, air tourism, feeder passenger transport, general aviation services, scientific research and education. Its core products are drones and eVTOL. For eVTOL, it is superior in safety, intelligence, economy and environmental protection. It is an aircraft form that is oriented to the future urban air traffic (UAM) scene and more in line with the future urban comprehensive three-dimensional transportation system. It has created a new commuting method for megacities, metropolitan areas and urban agglomerations. According to institutional estimates, the eVTOL market size will grow to US$15.82 billion in 2025. In 2024, the central and local governments have successively introduced various plans and policies to escort the development of the low-altitude industry. At the same time, many domestic and foreign companies are actively deploying low-altitude industries. The low-altitude industry is expected to enter a high-speed development lane in the next few years, and related beneficiaries are expected to usher in development opportunities.

Related concept companies include Sujiaoke, Rice Information, etc.

company news

Zhongji Xuchuan: Net profit in the first half of the year is expected to increase by 250.3% to 307.33% year-on-year

Zhongji Xuchuan (300308) released its earnings forecast on the evening of July 14, predicting a net profit of 2.15 billion to 2.5 billion yuan in the first half of the year, a year-on-year increase of 250.3% to 307.33%. During the reporting period, thanks to the rapid growth in the proportion of shipments of high-end products such as 800G/400G and the continuous optimization of product structure, the company's operating income and net profit increased significantly year-on-year.

Jingwei Hirain: Some products and technology reserves can be applied to the field of unmanned driving, but there is still uncertainty in the development of related business

Jingwei Hirain (688326) issued an announcement on abnormal stock trading fluctuations on the evening of July 12, saying that the company has noticed that the market has recently paid close attention to concepts such as intelligent driving and vehicle-road-cloud integration. The company's main business revolves around electronic systems, focusing on providing electronic products, R&D services and high-level intelligent driving overall solutions to customers in the fields of automobiles and unmanned transportation. The company's intelligent driving electronic products are self-developed in the entire domain around the evolution route of intelligent driving technology. The products cover intelligent sensors, integrated driving and parking controllers, and high-level intelligent driving products, etc., providing customers with rich configurations and clear levels of intelligent driving solutions. Some of the company's related products and technical reserves can be applied to the field of unmanned driving, and the company will actively strive for related project opportunities in the future, but there is still great uncertainty in the development of related businesses.

China Duty Free Group's performance report: net profit in the first half of the year was 3.288 billion yuan, down 14.94% year-on-year

China Duty Free Group (601888) released its performance report on the evening of July 12, achieving a net profit of 3.288 billion yuan in the first half of 2024, a year-on-year decrease of 14.94%. During the reporting period, benefiting from the continuous recovery of international flights and passenger flow, the company's domestic entry-exit duty-free store revenue increased by more than 100% year-on-year, and profitability continued to improve.

Yuanlong Yatu: Net profit in the first half of the year is expected to increase by 193.57%-311% year-on-year

Yuanlong Yatu (002878) released its earnings forecast on the evening of July 12, predicting a net profit of 25 million to 35 million yuan in the first half of the year, a year-on-year increase of 193.57% to 311%. In the first half of the year, the company took advantage of the synergy between gifts and new media advertising business, promoted the "IP + gifts + new media advertising" theme full-case marketing, and promoted the development of new major customers and the revenue growth of top customers. The growth of marketing service business revenue drove the company's overall revenue growth. At the same time, due to the obvious increase in the gross profit margin of gifts, the company's overall gross profit margin also increased.

Keming Food: Net profit in the first half of the year is expected to increase by 664.98%-1024.98% year-on-year

Keming Food (002661) announced on the evening of July 12 that it expects to achieve a net profit of 85 million to 125 million yuan in the first half of 2024, a year-on-year increase of 664.98% to 1024.98%. The pig market rebounded in the second quarter of 2024, and pig prices rose compared with the same period. The company's holding subsidiary Xingjiang Muge is expected to make a profit of between 12 million and 18 million yuan in the second quarter alone. The company holds a 53% stake in Xingjiang Muge. The pig breeding business is expected to break even in the first half of 2024; in 2024, the company's food business segment continued to optimize its product structure, which increased the gross profit margin of its products.

Shunxin Agriculture: Net profit of 330 million to 480 million yuan is expected to be achieved in the first half of the year, turning losses into profits year-on-year

Shunxin Agriculture (000860) announced on the evening of July 12 that it expects to achieve a net profit of 330 million to 480 million yuan in the first half of 2024, compared with a net loss of 80.9726 million yuan in the same period last year. During the reporting period, the company's liquor business remained stable; the prosperity of the pig industry improved, and the pork sector reduced losses compared with the same period last year.

Northern Copper: Net profit in the first half of the year is expected to increase by 41%-51% year-on-year

Northern Copper (000737) released its earnings forecast on the evening of July 12, predicting a net profit of 422 million to 452 million yuan in the first half of the year, a year-on-year increase of 41% to 51%. In the first half of the year, the market price of non-ferrous metal products increased year-on-year, and the company strengthened internal management, reduced costs and increased efficiency, achieving steady growth in operating performance.

BOE A: Net profit in the first half of the year is expected to increase by 185%-213% year-on-year

BOE Technology Group Co., Ltd. (000725) released its earnings forecast on the evening of July 12, predicting a net profit of 2.1 billion to 2.3 billion yuan in the first half of the year, a year-on-year increase of 185% to 213%. During the reporting period, the semiconductor display industry has become more prosperous, the industry structure has continued to improve, the company's operating conditions have improved year-on-year, and the net profit attributable to shareholders of the listed company and the net profit after deducting non-recurring gains and losses have increased significantly compared with the same period last year.

Shanghai Electric Co., Ltd.: Benefiting from the structural demand for printed circuit boards in emerging computing scenarios, net profit in the first half of the year is expected to increase by 119%-135% year-on-year

Shanghai Electric Co., Ltd. (002463) released its performance forecast on the evening of July 12, predicting a net profit of 1.08 billion to 1.16 billion yuan in the first half of the year, a year-on-year increase of 119.24% to 135.48%. Benefiting from the structural demand for printed circuit boards in emerging computing scenarios such as high-speed computing servers and artificial intelligence, the company's operating income and net profit in the first half of 2024 are expected to increase compared with the same period last year.

Sijin Intelligence: Net profit in the first half of the year is expected to increase by 156.17%-176.04% year-on-year

Sijin Intelligent (003025) released its earnings forecast on the evening of July 12, predicting a net profit of 116 million to 125 million yuan in the first half of the year, a year-on-year increase of 156.17% to 176.04%. Benefiting from the continuous expansion of the application fields and application markets of downstream industry products, the company has sufficient orders on hand, and its domestic and foreign businesses have grown faster than the same period last year, driving the simultaneous growth of revenue and profits.

Editor: Chen Lixiang

Proofreading: Yang Lilin