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　　[Overnight News]

Regarding the situation in Lebanon, many countries urge citizens to leave

On August 4th local time, New Zealand Deputy Prime Minister and Foreign Minister Winston Peters said: "The New Zealand government urges New Zealand citizens to evacuate Lebanon and Iran as soon as possible while there is still choice." He also stated that it is recommended that New Zealand citizens in Israel consider whether they need to stay in Israel.

In addition, in view of the escalating conflict between Israel and Hezbollah in Lebanon, the Swedish Ministry of Foreign Affairs recently announced the temporary closure of its embassy in Beirut, the capital of Lebanon, and the withdrawal of diplomatic personnel.

Previously, the New Zealand government raised the travel warning level for Lebanon to "extremely dangerous". The governments of the United States, Britain, Germany, Switzerland, Australia and other countries have also issued travel warnings, urging their citizens to leave or avoid traveling to Lebanon.

According to multiple media reports, several international airlines, including Delta Air Lines and United Airlines in the United States, Air France, Lufthansa and Alitalia, have suspended flights to Beirut or Tel Aviv, Israel.

South Korea's foreign reserves increased by US$1.3 billion in July

According to Yonhap News Agency, the Bank of Korea (central bank) said on the 5th that as of the end of July, South Korea's foreign exchange reserves increased by US$1.3 billion from the previous month to US$413.51 billion.

The report said that the foreign exchange reserves increased in this period due to the newly issued foreign exchange stabilization fund bonds, the weakening of the US dollar leading to changes in the valuation of non-US currencies, etc.

Among South Korea's foreign exchange reserves, securities increased by US$3.07 billion month-on-month to US$367.05 billion; deposit reserves decreased by US$2.08 billion month-on-month to US$22.35 billion; the International Monetary Fund (IMF) Special Drawing Rights (SDR) increased by US$300 million to US$14.95 billion; the IMF reserve position increased by US$10 million to US$4.37 billion; and gold reserves remained unchanged month-on-month at US$4.79 billion.

As of the end of June, South Korea's foreign exchange reserves ranked ninth in the world at US$412.2 billion.

Nvidia responds to delay in release of new AI chip

On August 4, in response to the news that Nvidia's AI chip was delayed, Nvidia responded to the media: "As we have said before, demand for Hopper is very strong, Blackwell sample trials have begun widely, and production is expected to increase in the second half of the year. Beyond that, we do not comment on rumors."

Recently, foreign media reported that design flaws in Nvidia's AI chips may cause the release to be delayed by three months or more, affecting major customers such as Meta, Google and Microsoft.

The launch of Nvidia’s new AI chip, Blackwell, will be delayed by three months or more due to a “design flaw,” according to two people familiar with the matter who “help produce Nvidia’s new AI chip and server hardware.”

It is reported that NVIDIA released the H100 accelerator card based on the Hopper architecture in 2022. The "Blackwell" chip series was launched in March this year. The first Blackwell chip was named B200, and the series will be mass-produced later this year.

Buffett cuts Apple stake in half

Recently, Berkshire Hathaway (hereinafter referred to as "Berkshire"), owned by "stock god" Buffett, released its second quarter report for 2024. According to the financial report data, Berkshire's revenue in the second quarter of 2024 was US$93.653 billion, the market expected US$91.09 billion, and the same period last year was US$92.503 billion, a year-on-year increase of 1.24%; net profit was US$30.348 billion, far exceeding the market expectation of US$17.786 billion, and the same period last year was US$35.912 billion, a year-on-year decrease of 15.49%; operating income in the second quarter rose to US$11.598 billion.

In terms of specific adjustments, Berkshire sold off a large amount of its shares in Apple in the second quarter. The company reduced its holdings of Apple shares in the second quarter from 789 million shares in the first quarter to about 400 million shares, a decrease of 49.3%.

Berkshire Hathaway sold 13% of its Apple stake in the first quarter, and hinted at the Berkshire Hathaway annual meeting in May that this was for tax reasons. Buffett noted that if the U.S. government wants to make up for the rising fiscal deficit and raise capital gains taxes, then "selling a small amount of Apple" this year will benefit Berkshire Hathaway shareholders in the long run.

Falcon 9 rocket lifts off with cargo for International Space Station

According to the Russian Satellite News Agency on the 4th, the live broadcast of the launch released by NASA showed that the Falcon 9 carrier rocket carrying the Cygnus spacecraft was launched in Florida and will deliver supplies to the International Space Station.

The launch of the rocket from the Cape Canaveral Space Launch Center was reported at 11:02 a.m. Eastern Time. The launch was originally scheduled for the day before but was postponed due to weather reasons.

The report mentioned that the Cygnus unmanned spacecraft is mainly used to deliver food, basic necessities and scientific experimental materials to the International Space Station. The International Space Station plans to conduct a series of experiments, including testing water treatment technology, producing stem cells in zero gravity, experimentally studying the effects of gravity on microbial DNA, and the growth of liver tissue.

　【Today's Focus (Beijing Time)】

08:30 Japan's July Composite PMI

17:00 EU June PPI

　　【New stock subscription】

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　Weihua New Materials(603310)

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　　【Financial Hotspots】

Foxconn's net profit in the first half of the year increased by 22.04% year-on-year

On August 4, Foxconn Industrial Internet disclosed its 2024 semi-annual performance report, with operating income of 266.091 billion yuan in the first half of the year, a year-on-year increase of 28.69%; net profit attributable to shareholders of listed companies was 8.739 billion yuan, a year-on-year increase of 22.04%; basic earnings per share was 0.44 yuan.

Tasly's controlling shareholder will be changed to China Resources Sanjiu

Tasly announced on August 4 that the controlling shareholder Tasly Group and its persons acting in concert intend to transfer a total of 28% of the company's shares to China Resources Sanjiu at a transfer price of 14.85 yuan per share, with a total transfer price of 6.212 billion yuan. In addition, Tasly Group agreed to give up the voting rights corresponding to its 5% Tasly shares after the registration date of the shares transferred to China Resources Sanjiu, so that the proportion of voting rights controlled by it does not exceed 12.5008%; Tasly Group also intends to transfer 5% of the company's shares held by it to Guoxin Investment. After the transaction is completed, the company's controlling shareholder will be changed to China Resources Sanjiu, and the actual controller will be changed to China Resources. On the same day, it was announced that after applying to the Shanghai Stock Exchange, the company's shares will resume trading from the opening of the market on August 5, 2024 (Monday).

*ST Meiji's shares were delisted and terminated

*ST Meiji issued an announcement on August 4 that the company received the Shenzhen Stock Exchange's "Decision on Termination of Listing of Dalian Meiji Education Technology Co., Ltd." on July 29, 2024. The company's stock closed less than 1 yuan per day for 20 consecutive trading days from May 16 to June 13, 2024, triggering the termination of listing of stocks stipulated in Article 9.2.1, Paragraph 1, Item 4 of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised in 2024)". The company's stock will be delisted on August 5, 2024, and will not enter the delisting consolidation period.

*ST Shentian to be fined 4 million yuan for information disclosure violations

*ST Shentian announced on the evening of August 4 that the company and related parties recently received the "Administrative Penalty Advance Notice" issued by the Shenzhen Securities Regulatory Bureau. After investigation, it was found that the company was suspected of violating the law by failing to disclose guarantee matters in accordance with regulations. The Shenzhen Securities Regulatory Bureau intends to decide: order the company to make corrections, give a warning, and impose a fine of 4 million yuan; give a warning to the company's actual controller Lin Hongrun and impose a fine of 8 million yuan; give a warning to Wu Hanxiong, Lin Jianrui, Lin Sicun, Zhao Luxiang, Luo Zhongwei and others, and impose corresponding fines.

Yalian Development to be fined 2 million for false records in 2021 annual report

Yalian Development issued an announcement on August 4th, saying that the company had received a prior notice of administrative punishment. Due to false records in the 2021 annual report, the Jilin Securities Regulatory Bureau intends to give the company a warning and impose a fine of 2 million yuan. Yalian Development's stock will be suspended for one day from the opening of the market on August 5, and will resume trading from the opening of the market on August 6. The company's stock has been subject to other risk warnings since that day, and the stock name has been changed from "Yalian Development" to "ST Yalian", the stock code remains "002316", and the daily price limit for stock trading is 5%.

ShiTou received a warning letter from Shanxi Securities Regulatory Bureau

Shi Tou Co., Ltd. announced on August 4 that the company and related personnel had recently received a warning letter from the Shanxi Securities Regulatory Bureau. The company had violated regulations such as inaccurate disclosure of financial data in the annual report and failure to disclose related party funds occupation in accordance with regulations. The Shanxi Securities Regulatory Bureau decided to take supervisory and management measures against the company and related personnel by issuing a warning letter.