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china fund news reporter anman

on the first day of work after the holidays, funds once again embraced dividend stocks.

in the morning of september 18, the main a-share indexes adjusted in the morning. insurance and banking stocks rose against the market trend. e-commerce, games, folding screens and other sectors that were hotly speculated before the holiday fell the most. as of the midday close, the shanghai composite index fell 0.05%, the shenzhen component index fell 0.55%, and the chinext index fell 0.39%. more than 4,500 stocks fell, and the two markets traded 294.5 billion yuan in half a day, a decrease of 30.9 billion yuan from the previous day.

among them, liquor stocks fell again, with kweichow moutai falling more than 2%, and its total market value once fell below the 1.6 trillion mark, falling to the fourth place in a-shares. today's liquor price data shows that on september 18, the wholesale price of 2024 feitian moutai (original) 53 degrees/500ml was 2,500 yuan/bottle, down 35 yuan from before the holiday (september 13).

the big bull stocks of state-owned enterprise reform staged a "ground-to-sky board"

in the morning session of september 18, baobian electric, a popular stock in the concept of state-owned enterprise reform, suddenly crashed to the limit down at the opening. however, driven by large buy orders, the company's stock price quickly rose to the upper limit, staging a "ground-to-ceiling" market.

as of midday closing, the stock was still at the daily limit, with eight daily limits in 11 trading days, a cumulative increase of 110.81%, and the latest total market value of 17.2 billion yuan.

however, hainan haiyao, another popular stock in the concept of state-owned enterprise reform, was not so lucky. hainan haiyao, which had been on the limit for six consecutive days, crashed to the limit at the opening today and has been stuck at the limit ever since.

on the news front. on september 2, baobian electric disclosed a reminder announcement about the controlling shareholder's planning of major events. the company's controlling shareholder, china north industries group corporation, is carrying out the integration of power transmission and transformation equipment business with china electric equipment group corporation. this integration may lead to a change in the company's controlling shareholder. the relevant plan still needs to go through the internal decision-making procedures and obtain approval from the relevant competent authorities. the relevant matters are uncertain.

"glove mao" fell to the limit of 20cm

on september 18, intech medical, known as the "glove giant", opened and quickly fell to the limit. as of midday, it was still at the limit, and its share price hit a new low in five months.

on the news front, on september 13 local time, the biden administration of the united states said that the united states has finally decided to increase tariffs on certain chinese-made products. in terms of medical products, the office of the united states trade representative (ustr) increased the tariff on medical masks from the initial recommended 25% to the final 50%, but postponed the latter's entry into force to 2026; the tariff on medical gloves was originally planned to increase to 25% from 2026, but the ustr announcement showed that this tariff will be increased to 25% from 2025 and to 100% by 2026.

as we all know, disposable gloves are the core business of intech medical. in 2023, intech medical's total revenue was 6.919 billion yuan, of which medical protection business with gloves as the core product accounted for 89.3%.

market insiders believe that the company's overseas revenue accounts for 86.74%, and north american business accounts for 80% of its overseas business. the increase in tariffs will inevitably affect its competitiveness in the north american market. it is worth noting that the final increase in tariffs by the united states this time far exceeded previous expectations.

in its 2024 semi-annual report, intech medical also stated that on may 14, 2024, the white house officially announced that it would impose tariffs on goods from china totaling $18 billion. among them, the tariff on medical rubber gloves will increase from 7.5% to 25% in 2026, which will have a certain impact on the company's product exports to the us market. the company mainly uses the us dollar as its settlement currency, and exchange rate fluctuations will affect the company's exchange gains and losses, which will have a significant impact on the company's overall operating performance.