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China Fund News Dawn

Hello everyone! Let's pay attention to the market conditions and latest information in the morning~

On the morning of July 16, the A-share market as a whole fluctuated in a narrow range. As of midday closing, the Shenzhen Component Index and the ChiNext Index were in the green, and the decline of the Shanghai Composite Index narrowed. The half-day turnover was 376.995 billion yuan, with 1,615 stocks rising, 287 stocks flat, and 3,454 stocks falling.

On the market, bank stocks took the lead in the morning, and the five major banks all fell after hitting new highs; consumer electronics and GPU continued to be hot, auto stocks made efforts during the session, and precious metals rose. UHV concepts fell, short dramas, film and television sectors were sluggish, and education, insurance, and household goods performed poorly.

The Hong Kong stock market fluctuated downward in the morning. As of midday close, the three major indexes all fell by more than 1%; Kingdee International fell by more than 6%, leading the decline in the Hang Seng Index.

The concept of computing power rebounded

Cambrian leads the gains

On the morning of July 16, the A-share computing power sector fluctuated higher, with GPU concepts outperforming the rest. Among them, Cambrian's stock price reached a high of 236.79 yuan per share in the morning, up nearly 14%, setting a new high in recent stock prices.

In addition, Jingjiawei, Loongson Technology, and Haiguang Information also performed well in the morning.

Recently, the China Academy of Information and Communications Technology released the "China Computing Center Service Provider Analysis Report (2024)" at the 2024 Global Digital Economy Conference. The report shows that the scale and number of computing center construction in my country continue to rise.

According to statistics from the China Academy of Information and Communications Technology, the three-year compound growth rate of the scale of racks in use in my country is about 30%. As of 2023, the scale of racks in computing power centers has grown steadily. The total scale of racks in use in computing power centers across the country has exceeded 8.1 million standard racks, and the total computing power has reached 230EFlops, ranking second in the world. Significant results have been achieved in the construction of computing power infrastructure.

According to the forecast of international consulting firm IDC, China's computing center service market will continue to grow at a compound growth rate of 18.9% in the next five years, and the market size is expected to reach 307.5 billion yuan in 2027.

First half performance is expected to be positive

Xinwangda 20CM daily limit

In the recent market, the mid-year report market is still continuing. On the morning of July 16, the stock price of lithium battery bull stock Xinwangda opened high and quickly reached the 20CM daily limit.

As of midday closing, Xinwangda's share price was 18.47 yuan per share, still maintaining a 20CM daily limit, and its total market value reached 34.4 billion yuan.

Yesterday evening, Xinwanda issued an announcement stating that it expects to achieve a net profit attributable to shareholders of listed companies of 767 million yuan to 899 million yuan in the first half of 2024, a year-on-year increase of 75% to 105%. Xinwanda said that the company's business plan was carried out in an orderly manner in the first half of this year. With the increase in marketing efforts, the company's main business revenue in the first half of the year has grown steadily, and the improvement in profitability has led to a corresponding increase in performance.

In addition, Xinwanda also announced plans to build a factory in Vietnam. Xinwanda said it plans to establish Vietnam Liwei Co., Ltd. through its subsidiary Hong Kong Xinwei and invest in the construction of Vietnam Liwei consumer lithium battery factory project, with a total investment of no more than 2 billion yuan.

Xinwanda said that the investment in building a production base in Vietnam will help improve the company's overseas strategic layout, establish overseas product supply capabilities, enhance global sales capabilities, and more flexibly respond to fluctuations in the macroeconomic environment, industrial policy adjustments, and the impact of the international trade structure, thereby enhancing the company's competitiveness and overall risk resistance, and better serving overseas customers.

It is reported that Xinwanda is mainly engaged in the research and development and manufacturing of lithium-ion battery modules and is a leading company in the global lithium-ion battery field. Xinwanda's product types include consumer batteries, electric vehicle batteries, and energy storage systems. In recent years, it has also entered the fields of energy storage and power batteries.

Editor: Joey

Reviewer: Chen Siyang

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