news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

【News Review】

1. The Political Bureau of the CPC Central Committee held a meeting on July 30 to analyze and study the current economic situation, deploy economic work in the second half of the year, and review the "Regulations on Rectifying Formalism to Reduce Burdens on Grassroots Units". Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting. The meeting pointed out that macroeconomic policies should continue to be more effective. It is necessary to strengthen counter-cyclical regulation, implement active fiscal policies and prudent monetary policies, accelerate the full implementation of determined policy measures, and reserve and launch a batch of incremental policy measures as soon as possible. The meeting emphasized that it is necessary to coordinate risk prevention, strengthen supervision, and promote development, boost investor confidence, and enhance the inherent stability of the capital market.

2. The State Council decides to appointLi MingVice Chairman of China Securities Regulatory Commission,Fang XinghaiThe Central Organization Department notified that Comrade Li Ming was appointed as a member of the Party Committee of the China Securities Regulatory Commission and Comrade Fang Xinghai was relieved of his post as a member of the Party Committee of the China Securities Regulatory Commission.

3. The central bank and other four departments and the Tianjin Municipal Government jointly issued the "Opinions on Financial Support for Tianjin's High-Quality Development". The opinions proposed to support technology-based enterprises to accelerate their development by utilizing multi-level capital markets. Encourage qualified technology-based enterprises to go public and raise funds at home and abroad. Explore and improve the credit enhancement mechanism for bond financing of technology-based enterprises.

【Industry Hotspots】

1. Zheng Zhajie, Party Secretary and Director of the National Development and Reform Commission, said in an interview that it is necessary to accelerate the cultivation and expansion of emerging industries. Implement the national strategic emerging industry cluster development project, consolidate and enhance the competitive advantages of the entire new energy vehicle industry chain, systematically promote the widespread application of Beidou, actively cultivate gazelle enterprises and unicorn enterprises, and guide the healthy and orderly development of emerging industries.

2. Yin Hejun, Minister of Science and Technology, said in an interview that a mechanism should be established to cultivate and expand leading science and technology enterprises, vigorously cultivate leading and high-growth science and technology leading enterprises, explore the establishment of a new mechanism for upgrading enterprise projects to national projects, support enterprises to jointly establish innovation alliances with universities and research institutes, and promote innovation and integration of upstream and downstream of the industrial chain.

3. The National Immigration Administration issued an announcement yesterday that starting from July 30, 2024,Hong Kong and MacauForeigntour group144-hour visa-free entry policy for entering Hainan. Citizens of countries that have established diplomatic relations with China who arrive in Hong Kong and Macao with ordinary passports and enter Hainan as a group (2 or more people) through a travel agency legally registered in Hong Kong and Macao can stay in Hainan without a visa for no more than 144 hours.

4. The General Office of the CPC Shenzhen Municipal Committee and the General Office of the Shenzhen Municipal People's Government issued the "Action Plan for Shenzhen to Accelerate the Construction of an Artificial Intelligence Pioneer City". It proposed to promote the construction of the Shenzhen Open Intelligent Computing Center, which will be completed and put into operation in 2024 with a computing power of 4000 PFLOPS (floating point operations per second). Build a full-vehicle intelligent product matrix and accelerate the layout of products such as intelligent driving.

5. The news that "Agile Nanjing project is selling houses at 60% off" has been all over WeChat Moments. According to online news, Agile Huigang City, located in Jiangbei, Nanjing, is selling houses at 60% off, with the unit price dropping by nearly 10,000 yuan per square meter. In response, the reporter verified with the property developer and learned that the current price has dropped by more than 10,000 yuan per square meter compared to the opening price, and it can be even lower if group purchases are made.

6. The General Office of the Shanghai Municipal People's Government issued the "Several Opinions on Supporting the Innovation and Development of the Whole Chain of the Biopharmaceutical Industry". It proposed to continue to increase support for the research and development of innovative drugs. For Class 1 new drugs that are carried out by Shanghai registered applicants in domestic Phase I, Phase II, and Phase III clinical trials and achieve output, according to regulations, no more than 40% of the R&D investment will be given to the best at different stages, with a maximum of 10 million yuan, 20 million yuan, and 30 million yuan respectively.

7. Data released by Shanghai Steel Union showed that the price of battery-grade lithium carbonate fell by 2,500 yuan yesterday compared with the previous time, with the average price at 80,500 yuan per ton.

【Topic Company】

1. Foxconn Industrial Internet announced that it plans to repurchase the company's shares for 200 million to 300 million yuan and use them for cancellation.

2. Volkswagen Transportation announced that the intelligent connected vehicle model is still in the experimental stage and generates basically no revenue for the company.

3. Laobaixing announced that the company’s chairman was detained and investigated.

4. Celly Medical announced that the investigation by the China Securities Regulatory Commission is still ongoing.

5. China National Science and Technology Military Industry Corporation announced that it plans to invest 343 million yuan in aerospace propulsion construction projects.

6. Jiaoyun Co., Ltd. announced that the bus dismantling business accounts for a small proportion of revenue and will not have a significant impact on the company's business activities in the short term.

7. Rice Information announced that shareholders intend to inquire about the transfer price of 1.00% of the total share capital.

8. Dingxin Communications announced that it had received a blacklist warning from the State Grid Corporation of China, which estimated that its revenue would drop by an average of approximately RMB 310 million per year in the next two years.

9. Shuangta Foods Announcement: US Targets Chinese Pea ProteinAnti-dumping, and make a final ruling on the anti-subsidy investigation.

10. Volkswagen Utilities announced that there are no major events that will affect the abnormal fluctuations in the company's stock trading price.

11. Airport Holdings Co., Ltd. announced that its shareholder China Development Bank Financial Holdings Co., Ltd. has reduced its holdings of the company's shares by 1%.

12. Guozhong Water Group announced that its price-to-earnings ratio and price-to-book ratio are both higher than the average level of the same industry.

【Stock Market Dynamics】

1. The three major U.S. stock indexes closed mixed, with the Nasdaq down 1.28%, the S&P 500 down 0.5%, and the Dow up 0.5%. Most large technology stocks fell, with Nvidia down more than 7%, hitting a new closing low since the end of May; Tesla fell more than 4%, Netflix, Microsoft,Amazon, Meta fell slightly; Apple and Google rose slightly. Most of the major European stock indices closed higher, with the German DAX30 index up 0.43%.

2. The settlement price of international crude oil futures fell by about 1.5%. The September contract of WTI crude oil futures fell by 1.42%, and the September contract of Brent crude oil futures fell by 1.44%.

3. The Israel Defense Forces issued a statement confirming that the Israeli army launched a targeted air strike on targets in Beirut, the capital of Lebanon.

【Notice】

Jiaoyun shares: The business scope of bus dismantling includes automobile dismantling business, which accounts for a small proportion of the company's revenue

Jiaoyun Co., Ltd. (600676) issued an announcement on abnormal stock trading fluctuations, saying that the company has noticed that the concept of automobile dismantling has received high attention from the market recently. The business scope of Shanghai Jiaoyun Bus Dismantling Co., Ltd. (referred to as "Bus Dismantling"), a subsidiary of the company's wholly-owned subsidiary Shanghai Automobile Repair Co., Ltd., includes automobile dismantling business. The operating income (consolidated) of bus dismantling in 2023 was 54.5331 million yuan, accounting for 1.05% of the company's operating income, and its business revenue accounted for a small proportion. At present, bus dismantling operations are normal and will not have a significant impact on the company's business activities in the short term.

Guiguan Power: Plans to invest a total of approximately RMB 1.763 billion to develop new energy power generation projects

Guiguan Power (600236) announced that the company plans to invest in the construction of the 115MW Xiaopingyang photovoltaic project with a total investment of approximately RMB 485 million; and plans to invest in the construction of the 200MW Gaodeling wind farm project with a total investment of approximately RMB 1.278 billion. The total investment of the two projects is approximately RMB 1.763 billion.

Decai Holdings: The amount of newly signed projects in the second quarter of 2024 decreased by 50.62% year-on-year

Decai Holdings (605287) announced that in the second quarter of 2024, the company and its subsidiaries signed a total of 88 new projects with a total value of 801 million yuan. The number of new projects increased by 15.79% over the same period last year, and the amount of new projects decreased by 50.62% over the same period last year. In the face of external environmental factors such as the market and economy, the amount of new projects signed by the company in the first half of 2024 decreased compared with the same period last year, mainly because the company continued to optimize the order structure and adjust the business layout.

Beiba Media: The business scope of the wholly-owned subsidiary Tianjiao Company includes automobile dismantling business, and its revenue accounts for a small proportion of the company's revenue

Beiba Media (600386) issued an announcement on abnormal stock trading fluctuations, saying that the company has noticed that the concept of automobile dismantling has received high attention from the market recently. The business scope of Beijing Tianjiao Scrapped Automobile Recycling and Processing Co., Ltd. (hereinafter referred to as "Tianjiao Company"), a wholly-owned subsidiary of the company, includes automobile dismantling business. Tianjiao Company's operating income in 2023 was 41.521 million yuan, accounting for 0.86% of the company's consolidated operating income, and its operating income accounted for a small proportion. At present, Tianjiao Company's production and operation are normal, and it will not have a significant impact on the company's business activities in the short term.

Jucan Optoelectronics: Net profit in the first half of the year was 113 million yuan, up 351.03% year-on-year

Jucan Optoelectronics (300708) disclosed its semi-annual report. The company achieved operating income of 1.334 billion yuan in the first half of 2024, a year-on-year increase of 11.24%; net profit attributable to the parent company was 113 million yuan, a year-on-year increase of 351.03%; basic earnings per share was 0.17 yuan. In the second quarter, the company achieved operating income of 733 million yuan, a record high. During the reporting period, there were signs of a rebound in market terminal demand. The company's production capacity was released, and the product positioning and market demand were accurately grasped. High-end products represented by backlight, high light efficiency, silver mirror flip-chip and other products were in high production and sales. The company's capacity utilization rate and production and sales rate remained at a consistent high level, and the sales scale reached a record high. The increase in both volume and price drove the continued stable growth of operating income.

Kanshe Shares: Chairman Zhang Lin has been released from detention

Kanshe Co., Ltd. (603458) announced that the company disclosed the "Announcement of Kanshe Co., Ltd. on the Detention and Investigation of the Company's Chairman" on May 1, 2024. The company's chairman Zhang Lin was detained and investigated by the Guiyang Municipal Supervisory Committee. Recently, the company received a notice from Zhang Lin's family that they received the "Notice of Lifting Detention" issued by the Guiyang Municipal Supervisory Committee. According to relevant regulations, it was decided to lift the detention measures on the detained person Zhang Lin. At present, Zhang Lin can perform the duties of the company's chairman normally.

Ta Pai Group's performance report: net profit in the first half of the year decreased by 53.43% year-on-year

TaPao Group (002233) released its performance report, achieving total operating revenue of 1.976 billion yuan in the first half of 2024, a year-on-year decrease of 31.17%; net profit of 226 million yuan, a year-on-year decrease of 53.43%.

Liuhua shares: net profit in the first half of the year was 15.6532 million yuan, a year-on-year increase of 601.21%

Liuhua Co., Ltd. (600423) disclosed its semi-annual report, achieving operating income of 77.4786 million yuan in the first half of 2024, a year-on-year increase of 37.7%; net profit of 15.6532 million yuan, a year-on-year increase of 601.21%; basic earnings per share of 0.02 yuan. During the reporting period, the company's production equipment achieved safe, stable and efficient operation. The 60,000 tons/year expansion technology upgrade project of the hydrogen peroxide rare product unit and the 20,000 tons/year hydrogen peroxide concentrated product project completed last year played a good role. The output of 27.5% hydrogen peroxide and 50% hydrogen peroxide increased significantly. At the same time, the overall product market was better than last year, so the operating income in the reporting period increased significantly compared with the same period last year.

Baowu Magnesium: Net profit in the first half of the year was 120 million yuan, down 1.28% year-on-year

Baowu Magnesium (002182) disclosed its semi-annual report. The company achieved operating income of 4.075 billion yuan in the first half of 2024, a year-on-year increase of 15.37%; net profit attributable to the parent company was 120 million yuan, a year-on-year decrease of 1.28%; basic earnings per share was 0.12 yuan. Compared with the same period last year, the company's product sales price has dropped, and its performance has declined year-on-year.

Xinji Energy: Net profit in the first half of the year was 1.176 billion yuan, down 10.11% year-on-year

Xinji Energy (601918) disclosed its semi-annual report, achieving operating income of 5.985 billion yuan in the first half of 2024, a year-on-year decrease of 4.4%; net profit of 1.176 billion yuan, a year-on-year decrease of 10.11%; basic earnings per share of 0.45 yuan.

Bowling Ball: Net profit in the first half of the year was 69.332 million yuan, up 111.64% year-on-year

Bowling Ball (002286) disclosed its semi-annual report. The company achieved operating income of 1.186 billion yuan in the first half of 2024, a year-on-year decrease of 7.49%; net profit attributable to shareholders of the parent was 69.332 million yuan, a year-on-year increase of 111.64%; basic earnings per share was 0.19 yuan.

Tongyou Technology: Net profit of 45.1524 million yuan in the first half of the year, turning losses into profits year-on-year

Tongyou Technology (300302) disclosed its semi-annual report. The company achieved operating income of 252 million yuan in the first half of 2024, a year-on-year increase of 24.52%; realized a net profit attributable to the parent of 45.1524 million yuan, a loss of 44.5617 million yuan in the same period last year, a year-on-year turnaround; basic earnings per share of 0.09 yuan. In the first half of 2024, the company's independent and controllable strategic transformation accelerated, and the independent and controllable storage system was applied to the core business of industry customers on a large scale, and the market position in key industries was further consolidated. The early sales market layout has achieved remarkable results, and the storage system achieved a year-on-year sales revenue growth of 138.92%. Combined with the partial delivery of the orders in hand at the end of the previous year during this reporting period, the company's consolidated revenue in the first half of 2024 achieved a year-on-year growth of 24.52%.

China XD: Subsidiary wins bid for 1.834 billion yuan State Grid procurement project

China XD Electric Power (601179) announced that the State Grid Corporation of China's e-commerce platform released the "State Grid Corporation of China's 2024 33rd Batch of Procurement (UHV Project Third Equipment Tender Procurement) Winning Bid Announcement". The company's six subsidiaries were the relevant successful bidders, winning the bids for converter transformers, DC wall bushings, capacitors, resistors, lightning arresters, combination electrical appliances, AC and DC circuit breakers, disconnectors and grounding switches, with a total winning bid amount of 1.834 billion yuan.

Hualian Shares: Signed a strategic cooperation agreement with Shounong Group and Hualian Group

Hualian Foods (000882) announced that it has recently signed a strategic cooperation agreement with Beijing Shounong Food Group Co., Ltd. (“Shounong Group”) and Beijing Hualian Group Investment Holding Co., Ltd. (“Hualian Group”). The agreement is valid for three years. The parties will cooperate in business innovation, commodity business, supply chain, brand promotion and innovative business.

Guizhou Sanli: Actual controllerZhang HaiPlan to reduce the company's shares

Guizhou Sanli (603439) announced that Zhang Hai, the controlling shareholder and actual controller of the company holding 46.04% of the shares, and Wang Huiying, a person acting in concert, intend to reduce their holdings of the company's shares by no more than 12.2941 million shares (no more than 3% of the company's total share capital) due to personal capital needs. Shanghai Guosheng Capital Management Co., Ltd., a shareholder holding 5% of the company's shares - Shanghai Guosheng Haitong Private Enterprise High-quality Development Private Investment Fund Partnership (Limited Partnership) (referred to as "Guosheng Haitong Private Enterprise High-quality Development Fund") intends to reduce its holdings of the company's shares by no more than 4.098 million shares in total due to its own business development needs, and intends to reduce its holdings by no more than 1% of the company's total share capital.

Industrial Foxconn: Plans to repurchase company shares for RMB 200 million to RMB 300 million

Foxconn Industrial Internet (601138) announced that the company plans to repurchase shares for cancellation at a price of 200 million to 300 million yuan to reduce the company's registered capital. The repurchase price of the shares will not exceed 40.33 yuan per share.

Liangxin Shares: Chairman proposes to repurchase shares for RMB 50 million to RMB 100 million

Liangxin Holdings (002706) announced that the company's chairman Ren Silong proposed to repurchase the company's shares for RMB 50 million to RMB 100 million. The repurchased shares are intended to be used to implement equity incentives or employee stock ownership plans.

Shenma shares: plans to repurchase company shares for 150 million to 200 million yuan

Shenma Group (600810) announced that the company plans to repurchase shares at a price of RMB 150 million to RMB 200 million. All the repurchased shares will be used to reduce the company's registered capital.