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This week (July 15-19), A-shares continued to rise, with the Shanghai Composite Index rising 0.37% to close at 2982.31 points. The Shenzhen Component Index and the ChiNext Index rose 0.56% and 2.49% respectively.

On the market, the industry trends this week were differentiated. In terms of thematic concepts, technology stocks collectively rebounded, and semiconductor-related themes such as automotive chips, advanced packaging, GPUs (graphics processing units), and semiconductor silicon wafers were relatively active.

The 2024 semi-annual performance forecast is gradually coming to an end. Affected by this, the sentiment of institutional research has warmed up. As of 19:00 on July 19, 170 A-share companies received institutional research and disclosed research records during the week.

In terms of hot research stocks, 7 companies including Boya Bio, Satellite Chemistry, Yutong Optics, and Dameng Data received more than 100 institutions during the week. In addition, companies such as Weichai Power, Changan Automobile, and Xizi Clean Energy received a high frequency of research, among which Weichai Power received 5 batches of institutions throughout the week.

Judging from the performance of the secondary market, about 30% of the surveyed stocks saw their share prices rise this week. Among them, DAMO Data and HUIWEI Intelligence saw their weekly gains exceed 20%, while Jiaoda Sino, Xinwanda, Yutai Micro-U and Jingjiawei saw their weekly gains exceed 10%.

Blood products company Boya Bio received the most institutional attention this week, with a total of 234 institutions participating in the company's research. The main reason was that on the evening of July 17, Boya Bio announced a large-scale asset acquisition plan.

Boya Bio plans to use its own funds of RMB 1.82 billion to acquire 100% of the equity of Green Cross Hong Kong, thereby indirectly acquiring the domestic blood products entity Green Cross China.

High-performing companies have become the "hot cakes" for institutional research this week.

Satellite Chemical is the first company on the Shenzhen Main Board to release its 2024 semi-annual report, which has attracted the attention of many institutions. This week, a total of 220 institutions participated in the research of the company, including well-known fund companies such as Ruiyuan Fund, Southern Fund, and Morgan Stanley Fund.

As of now, the latest share price of Satellite Chemical is 17.97 yuan per share, and the total market value is approximately 60.5 billion yuan.

Satellite Chemistry's 2024 semi-annual report shows that in the first half of the year, the company achieved operating income of 19.4 billion yuan, a year-on-year decrease of 4.59%; net profit attributable to the parent company was 2.056 billion yuan, a year-on-year increase of 12.51%; non-net profit was 2.234 billion yuan, a year-on-year increase of 14.46%. Among them, the new energy materials business performed well in the first half of the year, with revenue increasing by 217% year-on-year.

During the institutional survey, Satellite Chemical introduced that the first phase of its α-olefin comprehensive utilization high-end new materials industrial park project has begun construction and is progressing smoothly, and is expected to be put into production in early 2026. The second phase of the project is expected to complete various formalities in the second half of this year and be completed by the end of 2026. After the completion of the project, it will further enrich the company's downstream industrial chain and help solve the current shortage of high-end chemical new materials in China.

Satellite Chemicals said in its outlook for future performance that the company's facilities will maintain full-load stable operation in the second half of the year, and the impact of the second quarter maintenance has been eliminated. At the same time, according to industry experience, the third and fourth quarters are traditionally the peak seasons for the chemical industry. Satellite Chemicals is confident about the product prices and spreads for the whole year, and the overall performance for the whole year is expected to be better than last year.

Yutong Optics, which had a relatively impressive semi-annual performance, was also favored by institutions. A total of 145 institutions conducted research on the company during the week.

Yutong Optics expects its net profit attributable to shareholders of the parent company to be RMB 81 million to RMB 91 million in the first half of 2024, a year-on-year increase of 200.74% to 237.87%.

The company's performance growth is due to the growth of its main business. In the first half of the year, the business volume of traditional security lenses, car lenses, glass aspherical lenses and other automotive optical components, mirrorless photography, etc. increased, operating income increased, and gross profit margin rebounded.

Since Yutong Optics maintains stable cooperation with major customers such as Hikvision and Dahua Technology in the security industry, the agency asked during this survey whether the company's dependence on major customers has decreased.

Yutong Optics responded that the company's goal is to strengthen in-depth cooperation with important customers, which is in line with industry characteristics and the company's interests. With the growth of smart driving and new application optical businesses, the proportion of major customers in the company's revenue is expected to decline in the future.

Domestic database company DAMO Data also received 145 institutions this week. The company officially landed on the Shanghai Stock Exchange Science and Technology Innovation Board in June. In the first half of 2024, DAMO Data expects to achieve a net profit attributable to its parent of 86 million to 100 million yuan, a year-on-year increase of 17.25% to 36.34%.

As a company that has just been listed, institutions' focus on DAMO Data is mainly on its industry position and core competitiveness.

During the survey, DAMO Data stated that the company has certain advantages in the mastery and commercialization of key core technologies, especially shared storage cluster technology.

In 2020, it completed the research and development of key technologies such as shared storage cluster technology, breaking the technological monopoly of foreign database manufacturers and achieving a "zero" breakthrough in localization. It has been successively applied to domestic informatization construction in the fields of energy, finance, telecom operators, party and government, etc.

When talking about its judgment on the industry, DAMO Data pointed out that the localization process will be a macro and long-term process. Short-term industry fluctuations will not affect the long-term market space. The localization replacement of databases continues to accelerate, and the market space for localization of databases is expected to grow significantly in the future.

Editor: Chen Lixiang

Proofreading: Ran Yanqing