Editors of the Economic News: Wang Yuelong, Chen Pengcheng
On October 17, the three major indexes opened low and fluctuated, and all turned red after midday. As of the close, the Shanghai Composite Index rose 0.42%, the Shenzhen Component Index rose 0.36%, and the ChiNext Index rose 0.03%. On the market, the number of sectors such as education, software development, communication services, medical care, and industrial parent machine concepts ranked first in , while the number of sectors such as gas, coal, and beverage manufacturing ranked first in Galaxy. More than 3,900 stocks in markets rose, and nearly 100 stocks rose to the daily limit.
Screenshot Source: Tonghuashun
Specifically, on the morning of October 17, the education sector rose sharply, Kede Education hit the daily limit by 20%, and individual stocks such as Kevin Education and Guoxin Culture hit the daily limit.
Screenshot Source: Tonghuashun
In addition, on October 17, Information Innovation Concept strengthened again. As of the close of , Technological Innovation Information "20cm" hit the daily limit, Qixin Group, Hengjiu Technology, Nantian Information, Jingyeda, Tuowei Information and other daily limit, C Huibo and Zhongwang Software rose by more than 15%.
Screenshot Source: Tonghuashun
It is worth noting that Science and Technology Innovation Information has hit the daily limit for three consecutive trading days, Nantian Information has been on the board for four consecutive days, and its competitors have risen by about 112% in the past 9 trading days.
Science and Technology Innovation Information (SZ300730, stock price 15.36 yuan, market value 3.7 billion yuan) announced on the evening of the 14th that the company's current operating conditions are normal and the internal and external operating environment has not undergone major changes. The company also reminded that the company's main customers are government and government agencies and public institutions . This part of government and enterprise customers usually implement budget management and centralized procurement systems. Procurement bidding and settlement have obvious seasonal characteristics, resulting in more projects in the company's final inspection in the fourth quarter. The company's revenue is mainly confirmed based on the final report of the project, resulting in the company's operating income recognition being mainly concentrated in the fourth quarter, and the company's operating income has a strong risk of seasonal fluctuations.
Nantian Information (SZ000948, stock price 25.61 yuan, market value 10.1 billion yuan), Jingyeda (SZ003005, stock price 34.31 yuan, market value 5.1 billion yuan) recently stated that the company has not found any undisclosed major information that may or has had a significant impact on the company's stock trading price recently; the company's operating conditions are normal recently, and the internal and external operating environment has not changed significantly.
The central bank conducted 2 billion yuan 7-day reverse repurchase operations and 500 billion yuan MLF operations
China Central Bank Today on October 17, People's Bank of China carried out 500 billion yuan medium-term lending facility (MLF) operations and 2 billion yuan open market reverse repurchase operations. Today, 21 billion yuan of reverse repurchase expired. 500 billion yuan of MLF expired this month.
Six major banks issued announcements: Accelerate financial investment and support the real economy
Daily Economic News Previously reported that on October 16, five major state-owned banks of IBOC , Agricultural Bank , CCB , CCB , BOC , BOC , BOC , and BOC issued announcements, focusing on stating that they will continue to effectively play the role of major banks as pillars and efficiently serve the steadily and far-reaching of the real economy. Previously, Postal Savings Bank , which is also a state-owned bank, also issued a relevant announcement on October 10. The six major banks disclosed the financial support for the real economy this year and the credit issuance in the first three quarters of this year. According to the announcement, the six major banks added more than 9.53 trillion yuan in the first three quarters of this year.
CSRC is studying and formulating a specific short-term trading system for foreign capital
According to Securities Times on October 16, the reporter learned from the regulatory authorities that in order to further improve the convenience of foreign capital investment in A shares , the CSRC is studying and formulating two policies for foreign capital to apply a specific short-term trading system for foreign capital, that is, allowing qualified overseas public funds to calculate the number of securities held by domestic public funds based on products, and exempting Hong Kong Central Clearing Co., Ltd. from applying a specific short-term trading system. The relevant ideas and measures have been basically clarified, and relevant procedures are being implemented and will be announced and implemented in accordance with the law when conditions are ripe.
CSRC: Optimize the repurchase conditions of listed companies and optimize the regulations on prohibiting repurchase window
On October 14, the CSRC publicly solicited opinions on the revision of the "Rules for Share Repurchase of Listed Companies". Revision content: First, optimize the repurchase conditions of listed companies.Article 2 of the "Repurchase Rules" was revised to adjust one of the repurchase trigger conditions necessary for listed companies to maintain the company's value and shareholders' interests from "the cumulative decline in the company's stock closing price has reached 30% within 20 consecutive trading days" to "the cumulative decline in the company's stock closing price has reached 25% within 20 consecutive trading days."
Image source: China Securities Regulatory Commission website
The second is to relax the implementation conditions for repurchasing new listed companies. Article 7 of the "Repurchase Rules" was revised to adjust the conditions for repurchase implementation of newly listed companies from "one year after listing" to "six months after listing" .
Third, further clarify the restricted range when repurchase and refinancing are crossed. In order to clarify the regulatory policies, Article 12 of the "Repurchase Rules" is revised to clarify that shall not implement share repurchase only before refinancing is approved or registered and issuance is initiated until the new shares are registered.
Fourth, the regulations on optimizing the prohibition of repurchase window period. In order to reduce the impact of excessive window period, Article 30 of the "Repurchase Rules" was revised and the window period for quarterly reports, performance forecasts or performance briefs was adjusted from "within the first ten trading days of announcement" to "within the first five trading days of announcement".
In addition, according to the Securities Times, on the evening of October 16, many A-share listed companies such as Taihe Technology , Focus Media, and Sichuan Luqiao issued announcements of repurchase or increase holdings to convey confidence to the market. Searching through increased holdings or repurchase, more than 120 related announcements disclosed by listed companies on the evening of October 16.
Sichuan Road and Bridge (SH600039, stock price 10.56 yuan, market value 50.83 billion yuan) issued an announcement that the controlling shareholder Shudao Investment Group Co., Ltd. (hereinafter referred to as "Shudao Group") plans to increase its holdings of the company's shares with its own funds at the right time within 6 months from October 17, 2022, with the intended increase in shares shall not be less than 200 million yuan, nor shall it exceed 400 million yuan. The price of the proposed increase in this share will not be set in a price range. Shudao Group will implement the share increase plan at the right time based on its reasonable judgment of the company's stock value to determine the relevant number of share increase.
Focus Media (SZ002027, stock price 5.68 yuan, market value 82.03 billion yuan) announced that it plans to repurchase some public shares through centralized bidding through the secondary market with its own funds. The total amount of funds for this repurchase shall not be less than 400 million yuan and shall not exceed 800 million yuan, and the repurchase price shall not exceed 7 yuan per share.
Taihe Technology (SZ300801, stock price 24.93 yuan, market value 5.415 billion yuan) announced that it plans to repurchase some of the company's public shares through centralized bidding transactions, with a total amount of no less than 80 million yuan and no more than 150 million yuan, and the repurchase price shall not exceed 30 yuan per share. The source of funds is the company's own funds. The shares repurchased this time will be used to implement employee stock ownership plans or equity incentives in the subsequent implementation.
Many listed companies disclosed their third-quarter reports, and Moutai's net profit increased by more than 19% year-on-year
On the evening of October 16, Kweichow Moutai (SH600519, stock price 1718.5 yuan, market value of 2.2 trillion yuan) released the first third-quarter report of the liquor industry. In the first three quarters of this year, Kweichow Moutai achieved revenue of 87.16 billion yuan, a year-on-year increase of 16.77%; net profit of 44.4 billion yuan, a year-on-year increase of 19.14%. In the third quarter, revenue reached 29.544 billion yuan, a year-on-year increase of 15.61%; net profit reached 14.606 billion yuan, a year-on-year increase of 15.81%.
Image source: Visual China-VCG111405660262
On the evening of October 16, China National Offshore Oil Corporation (SH600938, stock price 16.54 yuan, market value 787.18 billion yuan) disclosed that according to preliminary calculations by the company's financial department, according to the accounting standards of Chinese enterprises, it is expected that the net profit in the first three quarters of 2022 will be 107.8 billion yuan to 109.8 billion yuan, which will increase by 55 billion yuan to 57 billion yuan compared with the same period last year, an increase of about 104% to 108% year-on-year. At the same time, it is expected that the net profit excluding non-recurring items in the first three quarters of 2022 will be 106.3 billion yuan to 108.3 billion yuan, an increase of 54.8 billion yuan to 56.8 billion yuan compared with the same period last year, an increase of about 106% to 110% year-on-year.
The content and data of this article are for reference only and do not constitute investment advice. It is verified before use. Operations based on this are at your own risk.
Editing| Wang Yuelong Chen Pengcheng Dubo
Proofreading| Cheng Peng
Daily Economic News is comprehensive from Securities Times, China Securities Regulatory Commission website, Meike.com (Reporter Xiao Shiqing), Public Information
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