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【News Review】

1. The "Opinions on Accelerating the Comprehensive Green Transformation of Economic and Social Development" issued by the CPC Central Committee and the State Council was released on August 11. This is the first time that the central government has made systematic arrangements to accelerate the comprehensive green transformation of economic and social development. The opinions put forward a series of goals: by 2030, the scale of the energy-saving and environmental protection industry will reach about 15 trillion yuan; the proportion of non-fossil energy consumption will increase to about 25%; the carbon emission intensity of the unit turnover of operating vehicles will decrease by about 9.5% compared with 2020; the annual utilization of bulk solid waste will reach about 4.5 billion tons, etc.

2. The People's Bank of China's official account said that in the next step, the People's Bank of China will always maintain the stability of monetary policy, study the appropriate narrowing of the interest rate corridor, and send a clearer interest rate regulation target signal to the market. The central bank also said that the deposit and loan interest rate formation mechanism is an important link in the transmission of monetary policy. At present, deposit and loan interest rates have basically achieved market-based pricing. On the same day, the central bank also issued a document stating that in the next stage, it is necessary to continue to play a good role in promoting the housing rental industry through supporting policies, improve the housing rental financial support system, and at the same time, fully mobilize the enthusiasm of market-oriented institutions, establish a sustainable business model through the investment of more social funds, support the destocking of existing commodity housing, and help promote the transformation and development of the real estate industry.

3. The People's Bank of China released the China Monetary Policy Implementation Report for the second quarter of 2024. The report mentioned that in the next step, the financing and money supply should be kept growing at a reasonable rate. The monetary policy toolbox should be enriched, the basic money supply methods should be enriched and improved, and the purchase and sale of government bonds should be gradually increased in the central bank's open market operations. Open market operations should be carried out flexibly and effectively, and temporary regular and regular monetary policy operations should be carried out when necessary.Reverse repoOperations, with the use of a variety of monetary policy tools, to maintain a reasonable level of liquidity in the banking system and smooth operation of money market interest rates.

4. The "Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reforms and Promoting Chinese-style Modernization" was recently released. Zhang Wangjun, Director of the Market Department of the China Securities Regulatory Commission, said that future capital market reforms need to pay more attention to the balance between investment and financing.

【Industry Hotspots】

1. Choice data shows that as of 3 pm yesterday afternoon, a total of 262 Shanghai and Shenzhen listed companies disclosed their 2024 semi-annual reports. Judging from the list of the top ten circulating shareholders disclosed by these listed companies, social security funds appeared in 37 companies. Judging from the latest holdings, Wind data shows that the social security fund has newly entered the list of the top ten circulating shareholders of 11 individual stocks. Among them, Xinji Energy has the largest number of new social security fund holdings, reaching three. In addition, the number of new social security fund holdings in 10 listed companies including Satellite Chemistry, Kain Technology, Ganyuan Food, China Mobile, Yanjin Shop, Hytera, TCL Smart Home, Changbaishan, Best and Baiya Shares has reached 1.

2. According to the website of the Guangdong Provincial Department of Housing and Urban-Rural Development on August 10, on the morning of August 8, four departments of Guangdong Province jointly held a meeting on the coordination mechanism of the province's guaranteed housing delivery and urban real estate financing. The meeting emphasized that it is an important measure to equally meet the reasonable financing needs of real estate companies of different ownerships. The meeting required that real estate companies be urged to raise funds for self-rescue through asset disposal and realization and other means, and resolutely put an end to the "lying flat and rotten" real estate companies.

3. According to the Shanghai Lingang WeChat official account, on August 10, the "Shanghai RISC-V Digital Infrastructure Ecological Innovation Center" was unveiled and the "RISC-V Vehicle-Road-Cloud Collaboration 1.0 Verification Demonstration System" was released. At the meeting, the RISC-V Vehicle-Road-Cloud Collaboration 1.0 Verification Demonstration System was released. This is the world's first RISC-V Vehicle-Road-Cloud Collaboration 1.0 system for smart transportation scenario applications.

4. According to the data from Lighthouse Professional Edition, the total box office of the Chinese Valentine's Day in 2024 was 345 million, a slight decline compared with last year and the year before, and the total number of screenings was 456,000, which set a new record for the Chinese Valentine's Day in film history. The movie "White Snake: Floating Life" became the box office champion of this year's Chinese Valentine's Day, and "Catching Dolls" and "Reverse Life" ranked second and third.

5. The State Financial Supervision and Administration Bureau issued a notice on strengthening and improving the supervision of Internet property insurance business. In principle, qualified property insurance companies can expand the operating area of ​​Internet property insurance business to provinces (autonomous regions, municipalities directly under the Central Government, and cities with independent planning status) where no branches have been established, and report the expansion of Internet property insurance business to the dispatched agencies in the expansion areas in a timely manner. Property insurance companies are strictly prohibited from expanding the operating area of ​​offline business through the Internet to evade local supervision.

6. Harvest Fund announced last Friday that the company learned from relevant parties on August 9, 2024 that the company’s former chairmanZhao XuejunHe is cooperating with the relevant departments in the investigation due to personal issues, and the matters under investigation have nothing to do with the fund business of the company. At present, Zhao Xuejun has resigned from the position of chairman of the company. The board of directors of the company has made proper arrangements, and the co-chairman An Guoyong will act as the chairman of the company. The company's senior management and investment research team are stable, and the operation is normal.

【Topic Company】

1. Last Friday night, Shenyang Chemical, Zhongqingbao, Tongde Chemical, and Renzixing were all investigated for suspected information disclosure violations. According to incomplete statistics from Cailianshe, in addition to the above four companies, ST Dongshi, Huiyu Pharmaceutical, Fudan Fuhua, Rihai Intelligent, Yongjin Shares, Jinfu Technology, ST Gaohong, and Puli Pharmaceutical, a total of 12 listed companies announced that their companies or related parties were investigated by the China Securities Regulatory Commission so far in the second half of the year.

2. The Beijing Procuratorate brought public prosecution against 49 people including Gao Moumou, former chairman of the board of directors of China Forestry Group, in accordance with the law.

3. Bohui Co., Ltd. announced that it will arrange to pay 480 million yuan in taxes and fees as soon as possible in the near future.

4. Volkswagen Transportation announced that it plans to sell its shares in Minsheng Securities to Guolian Securities at a price of RMB 576 million.

5. Juchen Co., Ltd. announced that its net profit in the first half of the year increased by 124.93% year-on-year.

6. *ST Yaxing announced that it plans to withdraw the company's shares from trading on the Shanghai Stock Exchange, and the exercise price of the cash option is 6.42 yuan per share.

7. Loncin General announced that Zongshen New Intelligent Manufacturing will acquire 4.94% of the company's shares.

8. Oriental Fortune announced that its net profit in the first half of 2024 decreased by 4% year-on-year.

9. Ningxia Building Materials announced the termination of its major asset restructuring.

10. SERES announced that it plans to acquire minority shareholders of SERES Auto for RMB 1.329 billionEquity。

【Stock Market Dynamics】

1. Last Friday, the three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.13% and a weekly decline of 0.6%; the Nasdaq Composite Index up 0.51% and a weekly decline of 0.18%; and the S&P 500 Index up 0.47% and a weekly decline of 0.04%. Most of the popular Chinese stocks fell.NasdaqChina Golden Dragon Index fell 0.96%, with a weekly cumulative increase of 3.61%.

2. According to U.S. media reports, on August 9, local time, the Republican presidential candidate and former President Trump flew to Bozeman, Montana to attend a rally. During the flight, the plane changed its route due to a mechanical failure and finally landed safely in Billings, near Bozeman.

3. The Nasdaq Stock Exchange is taking steps to remove suspicious companies with share prices below $1 per share, according to a document posted on its official website last Thursday. The exchange has previously been criticized for being home to hundreds of high-risk, low-priced stocks. The two proposed rule changes announced by Nasdaq last Thursday will tighten some rules regarding stocks below $1, which may speed up the delisting process of non-compliant companies.

【Notice】

Yisheng shares: In July, the sales revenue of white-feathered broiler chicks was 188 million yuan, a year-on-year decrease of 14.77%.

Yisheng Shares (002458) announced on the evening of August 11 that the sales volume of white-feathered broiler chicks in July was 52.9819 million, with sales revenue of 188 million yuan, a year-on-year change of -11.14% and -14.77%, and a month-on-month change of 2.69% and 25.23%, respectively. The sales volume of breeding pigs in July was 551, with sales revenue of 1.0942 million yuan, a year-on-year change of 533.33% and 143.94%, and a month-on-month change of -67.87% and -75.43%, respectively.

Netda Software: Net profit of 6.006 million yuan in the first half of the year, turning losses into profits year-on-year

Netda Software (603189) released its semi-annual report on the evening of August 11, achieving operating income of 178 million yuan in the first half of the year, a year-on-year increase of 22.13%; net profit attributable to shareholders of the listed company was 6.006 million yuan, a year-on-year turnaround from a loss of 35.5716 million yuan in the same period last year; basic earnings per share was 0.02 yuan. During the reporting period, the company's personnel costs decreased compared with the same period last year, and its cost control ability was further enhanced; the company actively promoted project acceptance, and revenue recognition increased; the company strengthened cash and accounts receivable management, and the collection situation was good, and the impairment provision for the same period decreased.

Xiangfenghua: Net profit in the first half of the year decreased by 44.92% year-on-year

Xiangfenghua (300890) released its semi-annual report on the evening of August 11, with operating income of 707 million yuan in the first half of the year, a year-on-year decrease of 28.75%; net profit attributable to shareholders of listed companies was 38.2408 million yuan, a year-on-year decrease of 44.92%; basic earnings per share was 0.3497 yuan. The decline in revenue was mainly due to the slowdown in the growth of the company's downstream industry, the continuous growth of negative electrode material production capacity, the periodic imbalance of the supply and demand environment, and the intensified competition among industry enterprises, which led to a decline in product unit prices during the reporting period.

Xianle Health: Net profit in the first half of the year increased by 52.66% year-on-year

Xianle Health (300791) released its semi-annual report on the evening of August 11, achieving operating income of 1.99 billion yuan in the first half of the year, a year-on-year increase of 28.85%; net profit attributable to shareholders of listed companies was 154 million yuan, a year-on-year increase of 52.66%; basic earnings per share was 0.86 yuan.

Huachuang Testing: Net profit increased by 1.97% in the first half of the year

Huachuang Testing (300012) released its semi-annual report on the evening of August 11, with operating income of 2.791 billion yuan in the first half of the year, a year-on-year increase of 9.2%; net profit attributable to shareholders of listed companies was 437 million yuan, a year-on-year increase of 1.97%; basic earnings per share was 0.2606 yuan.

Jitai Shares: Actual controllers and others plan to increase their holdings of the company's shares by RMB 10 million to RMB 15 million

Jitai Holdings (002909) announced on the evening of August 11 that the company's actual controller and chairman Zou Zhenfu, director and general manager Zou Zhenfan, deputy general manager and secretary of the board of directors Wu Jiayi, deputy general manager Hu Yafei, and deputy general manager Yang Qiming plan to increase their holdings in the company's shares through centralized bidding transactions. The total amount of shares to be increased by the above five entities will not be less than RMB 10 million (inclusive) and not more than RMB 15 million (inclusive). There is no price range for this increase plan.

Minsheng Health: Signing a strategic cooperation intention agreement in the field of probiotics

Minsheng Health (301507) announced on the evening of August 11 that the company (Party A) signed a "Strategic Cooperation Intention Agreement" with Pan Yulin (Party B 1) and Zhongke Jiayi (Shandong) Investment Holding Co., Ltd. (Party B 2). Both parties agreed that Party B 2, as the controlling shareholder, would invest in the establishment of a limited liability company (hereinafter referred to as the "Target Company") as the entity responsible for the research and development, production and sales of probiotic raw materials and related finished products by Party B. After the prerequisites stipulated in this agreement are met, Party A intends to exchange 45% of the equity of its wholly-owned subsidiary Health Technology for 100% of the equity of the Target Company from the shareholders of the Target Company. Before the exchange, Party A agreed to increase capital in Health Technology. After the transaction is completed, the Target Company will become a wholly-owned subsidiary of Health Technology.

Huifeng Shares: Subsidiary signs cooperation agreement for green mine hydrogen energy mining demonstration project

Huifeng Co., Ltd. (002496) announced on the evening of August 11 that its wholly-owned subsidiary Huifeng Petrochemical (hereinafter referred to as "Party B") and Magang Mining (hereinafter referred to as "Party A") recently signed the "Green Mine Hydrogen Energy Mining Area Demonstration Project Cooperation Agreement" to jointly build the "Green Mine Hydrogen Energy Mining Area". After the government's administrative approval, Party B will first invest 40 million to 50 million yuan in the first phase of the project to build two sets of 1000kg/d ammonia hydrogen production and hydrogenation demonstration projects. After the construction is completed and the trial operation period expires, after the local government functional departments and Party A review and approval, Party B can gradually increase the hydrogen energy mining truck transportation vehicles and conduct a joint trial operation.

Dashi Intelligent: Guangna Building project signed

Dashi Intelligent Technology (002421) announced on the evening of August 11 that the company and Inner Mongolia Guangna Coal Industry (Group) Co., Ltd. reached an agreement on the Guangna Building Intelligentization Project and formally signed a project contract with a contract amount of RMB 10.5 million, accounting for 0.27% of the company's audited operating income in 2023. The company will rely on its rich experience accumulated in the field of smart buildings over the years to provide users with overall solutions for smart spaces.

Daqian Ecology: The company's control change has been terminated

Daqian Ecology (603955) announced on the evening of August 11 that it had previously announced that its controlling shareholder Daqian Investment intended to transfer its 17.09% stake in the company to Tiansheng Yihe by agreement, and this transaction would result in a change in the company's control. The company received a notice from Daqian Investment that the parties to the transaction signed the "Termination Agreement of the Share Transfer Agreement" on August 11. After the termination of this agreement transfer, the company's controlling shareholder is still Daqian Investment, and the actual controller is still Luan Jianhong and Fan Hedi.

United Optoelectronics: Plans to transfer part of the equity of its subsidiary to implement equity incentives

United Optoelectronics (300691) announced on the evening of August 11 that its subsidiary United Automotive intends to implement equity incentives. This equity incentive will obtain shares through equity transfer, and the incentive recipients will participate in this equity incentive by indirectly holding United Automotive shares through a limited partnership (employee stock ownership platform). Chengdu Lianjiang, a second-level wholly-owned subsidiary of the company, intends to transfer its 66.66% equity in Ruijin Technology directly held by it to two employee stock ownership platforms for a total price of RMB 22.8571 million. Since Ruijin Technology is only a holding platform and does not carry out other business operations, this transaction ultimately enables the two employee stock ownership platforms to indirectly hold 20% of United Automotive's equity through holding Ruijin Technology.

Huaren Pharmaceutical: The listing application of pentoxifylline API of its wholly-owned subsidiary was approved

Huaren Pharmaceutical (300110) announced on the evening of August 11 that its wholly-owned subsidiary Anhui Hengxing Pharmaceutical received the "Notice of Approval of Chemical API Marketing Application" for "Pentoxifylline API" approved and issued by the State Food and Drug Administration. Pentoxifylline is indicated for peripheral arterial disease (intermittent claudication or rest pain) and inner ear circulatory disorders.

Jiudian Pharmaceutical: Withdrawal of drug registration application for Jiaoqishe Gel Patch

Jiudian Pharmaceutical (300705) announced on the evening of August 11 that due to the need to further improve relevant test data, the company recently submitted a report to withdraw the drug registration application for Jiaoqishe Gel Patch to the State Food and Drug Administration.

ST Aikang: The company's shares will be delisted on August 12

ST Aikang (002610) announced on the evening of August 11 that the company's shares have been decided to be delisted by the Shenzhen Stock Exchange and will be delisted on August 12, 2024. The company's shares will not enter the delisting settlement period.

Zhongyin Wool Industry: The company's shares will be delisted on August 12

Zhongyin Wool Industry (000982) announced on the evening of August 11 that the company's shares have been decided to be delisted by the Shenzhen Stock Exchange and will be delisted on August 12, 2024, and will not enter the delisting settlement period.

ST Futong: The company's shares will be delisted on August 12

ST Futong (000836) announced on the evening of August 11 that the Shenzhen Stock Exchange has decided to terminate the listing of the company's shares, and the company's shares will be delisted on August 12, 2024. The company's shares will not enter the delisting settlement period.

Sinopharm Modern Pharmaceuticals: Cefuroxime Sodium for Injection of its Holding Subsidiary Passed the Generic Drug Consistency Evaluation

Sinopharm Modern Pharmaceuticals (600420) announced on the evening of August 11 that its holding subsidiary Sinopharm Zhijun received the "Notice of Approval of Supplementary Drug Application" approved and issued by the State Drug Administration, approving the passing of the generic drug quality and efficacy consistency evaluation (hereinafter referred to as consistency evaluation) for Cefuroxime Sodium for Injection. Cefuroxime Sodium for Injection is suitable for lower respiratory tract infections, urinary tract infections, abdominal infections, pelvic infections, etc. caused by sensitive bacteria.

Hengrui Medicine: Paclitaxel for Injection (Albumin-bound) Receives Approval Notice for Supplementary Drug Application

Hengrui Medicine (600276) announced on the evening of August 11 that it had received the "Notice of Approval of Supplementary Drug Application" for Paclitaxel for Injection (Albumin-bound) from the National Medical Products Administration. In addition to the approved indications, the drug has a new indication of "suitable for combination with gemcitabine as first-line treatment for metastatic pancreatic cancer."

Maiwei Bio: 9MW2821 for urothelial carcinoma is included in the breakthrough therapy category

Mywell Biopharmaceuticals (688062) announced on the evening of August 11 that its innovative drug 9MW2821 was recently included in the list of breakthrough therapies by the Center for Drug Evaluation of the National Medical Products Administration for the treatment of locally advanced or metastatic urothelial carcinoma that has failed previous platinum chemotherapy and PD-(L)1 inhibitor treatments, and has been publicly announced.