- hot spots focus on -
1. [China’s richest man is going to change hands? The founder of Nongfu Spring is expected to be worth more than the "two horses"] 492.842 billion. This is the closing market value of Nongfu Spring's Hong Kong stock before the listing. The closing price in the dark market was HK$44.05, an increase of 104.88%. After Nongfu Spring's listing today, its total share capital is approximately 11.89 billion shares, and Zhong Suisui, chairman of the company's board of directors, holds 84.4% of the shares through its subsidiaries. Calculated based on the closing market value of the dark market, the value of Zhong Suisui's stock holdings is HK$416 billion, equivalent to RMB 366.1 billion. In addition, Zhong Suisui holds 74.23% of the shares of Wantai Biotech, with the latest shareholding value being 63.44 billion yuan. Zhong Suisui's net worth reaches 429.5 billion yuan, equivalent to 62.9 billion US dollars. (Securities Times)
Interpretation of After Ant goes public, Jack Ma will still be the number one in wealth in China.
(Picture source: Forbes official website)
2. [Huawei faces a core-free situation: it will cut TV orders by 40%] According to Digitimes reports, Huawei was forced to cut TV components due to the inability to obtain sufficient supply of related semiconductor components for TV production. orders, and if the problem of semiconductor chip supply cannot be better solved, Huawei's TV business will still face uncertainty in 2021. Huawei's Yu Chengdong said that if all Chinese companies cannot use Google, Hongmeng will replace it. Now Hongmeng can reach 70%-80% of Android level. (Sina)
3. [Is Shanghai Securities’ backdoor listing of Shanghai Materials Trading A-shares real or fake? The confirmation is coming! It has been rumored for a long time and is purely conjecture] (Financial Associated Press)
Interpretation If the news leaks in advance, the regulatory authorities may not approve its backdoor.
4. [Eliminate “3 yuan stocks”! Trading volume exceeds that of the Shanghai Main Board, and funds continue to pursue the Growth Enterprise Market] Just 30 minutes after the opening of on Monday morning, the trading volume of the Growth Enterprise Market exceeded that of the Shanghai Main Board. On the other hand, among the 842 GEM stocks that were trading on Monday morning, all the underlying midday closing prices were higher than 4 yuan per share, and all "3 yuan stocks" were "annihilated"! (Shanghai Securities News)
Interpretation of From the historical market point of view, the start of low-priced stocks often means that the stage market has come to an end. ’s growth rate in this round of GEM ranks first among several sectors. Now we have reached the stage of eliminating low-priced stocks on the GEM. Beware that the GEM’s phased adjustment may begin. Pay attention to the low of 2577 on August 12. If it falls below, the GEM adjustment time should be lengthened. Looking at it now, the probability of breaking the position is relatively high.
(Source: Wind)
5. [The first batch of GEM STs are here! Lucai New Materials and Tianlong Optoelectronics were issued other risk warnings] Lucai New Materials announced that the company's "thermal magnetic ticket production line" has stopped production and is not expected to resume production within three months. The company may continue to suffer losses and there is significant uncertainty in its ability to continue operating. According to relevant regulations, companies have encountered other risk warning (ST) situations. The new "Listing Rules" of will be implemented on September 12, and other risk warnings (ST) will be implemented on the company. Denon Optoelectronics also issued a similar announcement. (Daily Economic News)
Interpretation The new regulations require that GEM risk warning stocks (ST, *ST stocks) will be the same as ordinary GEM stocks, with a 20% increase or decrease limit.
6. [Hot-spot cities’ property market regulation continues to take “heavy blows”] According to incomplete statistics, since July this year, nearly 10 cities across the country have tightened property market regulation. Retreating seems to also prevent further overheating of the market during the "Golden Nine and Silver Ten" periods. (Securities Times)
- Macroeconomic -
1. [State Council: Optimize the layout of duty-free shops in Beijing and implement policies related to duty-free shops] The State Council agreed in principle to "Deepening the Comprehensive Pilot Project for the New Round of Expanding the Opening-up of Beijing's Service Industry to Build a Country" Work Plan for the Comprehensive Demonstration Zone for the Expansion and Opening-up of the Service Industry. The plan is proposed to promote the improvement and upgrading of business, cultural and tourism services. supports Wangfujing Pedestrian Street's pioneering efforts in creating an international consumption environment and a high-quality business environment, and creating an international consumption area. optimizes the layout of duty-free shops in the city, coordinates the setting up of departure pick-up points for duty-free shops in the airport isolation area, and implements policies related to duty-free shops. (Chinese Government Website)
Interpretation of Beijing’s support policy has finally come out. The three major metropolitan areas of the Guangdong-Hong Kong-Macao Greater Bay Area are the science and technology innovation center, the Yangtze River Delta high-end manufacturing center, and the Xiongan (Beijing-Tianjin-Hebei) service industry opening center. Beneficiaries of the new pilot program include: Wangfujing and BTG Hotel in terms of tourist duty-free shops; NavInfo and Qianfang Technology in terms of Beijing-Shanghai Internet of Vehicles highway; Zhongdi Investment and Startup Dark Horse in Beijing venture capital concept, etc.
- Real Estate Storm -
1. [Draft of housing leasing regulations announced] ① During the period of the housing leasing contract, except for the circumstances stipulated by law and agreed in the contract, the lessor or the lessee shall not unilaterally terminate the housing leasing contract. Unilaterally raise or lower rents. ②The lessor shall not enter the rental housing without the consent of the lessee. ③ When the contract expires or is terminated, the lessee shall vacate the leased housing in a timely manner, and the lessor shall not use violence, threats or other illegal methods to force the lessee to vacate. (People’s Daily)
2. [Real Estate Blue Book: Housing prices will maintain a high consolidation trend in the past two to three years] Except for a few third- and fourth-tier cities, individual locations, and individual properties, the overall rise and fall of housing prices is a small probability. event. The blue book also pointed out that the "post-90s" and people with less than 3 years of working experience are the main group of renters. Tenants aged 21 to 30 account for the highest proportion, reaching 61.3%; renters with an income of 3,001 to 8,000 yuan/month Accounting for 64.2%. (China News Network)
3. [11 property companies have a market value of over 10 billion yuan, and real estate companies are accelerating the splitting of the property sector into separate listings] According to statistics from CRIC Property Management, the overall income of 30 listed property companies has reached 39.5 billion yuan, with average revenue of 1.316 billion yuan. The company with the highest income is Country Garden Services, with revenue reaching 6.2 billion yuan. The overall net profit of 30 logistics companies in the first half of the year reached 7.4 billion yuan, with an average net profit rate of 14.89%. (The Paper)
Interpretation of At present, the development of the domestic real estate industry has gradually entered the stock market. Property management is one of the important contents of stock maintenance, and the market demand is gradually increasing. In addition, the listing of spin-off properties can also alleviate the debt problems of some developers.
- Domestic market -
1. [Third-generation semiconductor concept stocks collectively hit the limit, power devices are a bigger market] In the eyes of industry insiders, the more important significance of third-generation semiconductors is in the field of power devices, through which Special material properties improve related chip and device performance. Yangjie Technology is a typical third-generation semiconductor target, as well as Taichi and China Resources Micro. (Shanghai Securities News)
2. [Haomai Fund: Public equity funds increased their positions by 2.06 percentage points last week] ’s position level as of the close of last Friday (September 4) was 70.77%. In terms of specific industry allocation, as of the close of trading on August 21, the top three industries with allocation ratios of public equity funds were power equipment, food and beverages, and catering and tourism, with allocation positions of 4.93%, 4.76%, and 4.49% respectively; The three industries with the lowest allocation ratios are agriculture, forestry, animal husbandry and fishery, coal and steel, with allocation positions of 0.95%, 0.96% and 1.18% respectively.(China Securities Network)
3. [The new fund exploded again! Two tens of billions of hits a day, selling like crazy for 30 billion! 】 ushered in the debut of China Europe Responsible Investment under China Europe Fund on September 7th. The fund has raised more than RMB 20 billion, and the upper limit of fund raising is RMB 10 billion. It will start the early closing of the fundraising meeting and carry out proportional allotment. China Universal's Jiantianying, which debuted on the same day, also raised more than 10 billion a year, showing strong sales capabilities. Despite the major adjustment in the stock market, there are still two "tens of billions" hot-selling funds, which are in sharp contrast to the "green" market. (China Fund News)
4. [Northbound Funds] had net outflows for 6 consecutive days. On Monday, Luxshare Precision ranked first with a net sale of 735 million yuan. Yili Shares and Hengrui Pharmaceuticals were net sold for 642 million yuan and 358 million yuan respectively. ; Haitian Flavor Industry bucked the trend and received a net purchase of 365 million yuan. (Wind)
5. [Financial aspect] The central bank launched a 100 billion yuan 7-day reverse repurchase operation on Monday. On that day, 80 billion yuan of reverse repurchase expired, achieving a net investment of 20 billion yuan. (Wind)
Interpretation 9 is a big month for fiscal expenditures, fiscal deposits have decreased , and the central bank’s liquidity injection is expected to increase steadily.
6. [New Stock Center] new stock subscription: Huhua Shares (003002), Xiangfenghua (300890), Huiyun Titanium Industry (300891), Deli Shares (605198). New stocks listed: Zhongwang Fabric (605003), Foxit Software (688095).
- Industrial Economics Observation -
1. [Beijing: Support the development of Internet of Vehicles and autonomous driving map applications, and build Beijing-Shanghai Internet of Vehicles highways] will attract overseas telecom operators to establish joint ventures to provide domestic Internet for foreign-invested enterprises in Beijing. For virtual private network business, explore the establishment of a website registration system that meets the needs of overseas customers. (Interface)
2. [The Yunqi Conference will be held online on the 17th of this month and will release breakthrough progress in Alibaba Cloud Computing and Robotics] The conference covers cloud computing, artificial intelligence, machine learning, quantum computing, chips, AIoT, and organizational collaboration , new retail, new finance, digital government and other fields. This conference Alibaba will focus on bringing some new progress in the field of robotics. (China Securities Network)
Interpretation of industrial robots have rich application scenarios and are developing relatively quickly. Listed companies related to A shares: Eston, Topstar, Eft, etc.; in terms of core components, Inovance Technology, Xinjie Electric, Green Harmonic, Double Ring Transmission, Zhongli De, etc.
3. [The Civil Aviation Administration of China plans to approve China Eastern Airlines’ wholly-owned establishment of 123 Airlines, using ARJ21-700 aircraft] has a registered capital of 1.5 billion yuan and operates domestic air passenger and cargo transportation business. (Sina)
Interpretation ARJ21 has begun substantial application, and the industry chain has benefited. A-share related listed companies: AVIC Aircraft is the manufacturer of more than 85% of the ARJ21 aircraft parts and is the biggest beneficiary; upstream raw material companies provide titanium alloy treasures Titanium shares benefited the most.
(Source: Industrial Securities)
4. [TikTok launches marketing partner program] provides advertisers with a series of tools to help them create videos on TikTok, improve quality, and monitor the effectiveness of advertising campaigns. Currently, its official blog has announced 20 certified partners, including digital marketing platform MakeMeReach, AR special effects production company IgniteXR and data analysis company Kantar. (36氪)
5. [State Post Bureau: China Express Development Index in August was 327.3, a year-on-year increase of 53.9%] Among them, the development scale index, service quality index, development capability index and development trend index increased by 32.8% respectively compared with the same period last year. , 89.9%, 15% and 44.4%, shows that my country’s express delivery market is growing strongly and continues to improve. (e company)
6. [Gold jewelry consumption in the first half of the year fell by 40% year-on-year] The latest statistics from the China Gold Association show that in the first half of 2020, the actual national gold consumption was 323.29 tons, a year-on-year decrease of 38.25%. Among them, gold jewelry was 207.87 tons, a year-on-year decrease of 42.06%; gold bars and gold coins were 76.98 tons, a year-on-year decrease of 32.12%. (CCTV Finance)
Interpretation The price of gold has risen sharply, mainly due to global monetary easing, resulting in increased investment demand for gold. The price of has risen sharply, which has suppressed consumer demand.
7. [Chile National Copper Corporation: Hales mine copper production increased by 23% in July, and El Salvador’s underground copper production increased by 17%] (Financial Associated Press)
- company news -
1. [A rumor triggered" murder"! 450 billion leader suddenly plummeted, is the battle between the two major markets about to begin? 】 Recently, there are rumors on the Internet that "due to problems with the GAC New Energy AionS battery pack, the manufacturer will upgrade it and replace the vehicle battery pack for free." In addition, it is also reported that "the Ningde era has basically rejected the 811 ternary lithium battery route. ". This news triggered a sharp plunge in the new energy vehicle giant " CATL ". The stock once fell by more than 11%. Ningde Times responded in the evening that the company will not give up the NCM811 technical route, and the development of high-nickel ternary batteries is far from reaching the technical ceiling. (Brokerage China)
Interpretation News of the GAC battery problem has actually come out for a long time. From May to August 23, three vehicles spontaneously ignited. Monday's decline was mainly dragged down by the overall market sentiment. The net inflow of northbound funds to CATL is 80 million , and foreign capital is taking advantage of the opportunity to buy the bottom. According to news on Monday evening, industry insiders close to CATL said: " CATL 's Tesla orders will gradually be released in the second half of the year. In addition, CATL 's international orders in the second half of the year will also gradually increase."
(source : Wind)
2. [Ant Group: Operational efficiency continues to increase, driving gross profit margin to increase by 12.13 percentage points year-on-year] From January to June 2020, the company's operating income increased by 38.04% year-on-year; the sales expense rate decreased by 11.48 percentage points year-on-year. The company and Alibaba Group focus on their respective business areas, with obvious differences in business scope. There is no competition that has a significant adverse impact on Ant Group, and there are no related transactions that seriously affect independence or are unfair. In the field of digital payment and merchant services, is not comparable to Tencent's WeChat payment service. (e company)
Ant Financial Chairman and CEO Jing Xiandong
3. [ BYD : New energy vehicle sales in August were 15,300 units, compared with 16,700 units in the same period last year] cumulative sales this year were 91,100 units , a year-on-year decrease of 49.11%. (Wind)
Interpretation Although the sales of new energy vehicles have not caught up with last year, the current production capacity of the new model BYD Han has not yet been released. is expected to reach a monthly production capacity of 4,500 units of in September, which will restore its performance. The market has also been rumored recently that Mercedes-Benz may cooperate with BYD batteries, including problems with 's batteries in competitor CATL, which have boosted the share price of BYD .
4. [Great Wall Motors: August sales of 89,400 units, a year-on-year increase of 27.41%] has accumulated 562,900 units this year, a year-on-year decrease of 9.81%. (Wind)
Interpretation Great Wall Motors has released explosive models in several production lines in the past two years, which will support the maintenance of high sales growth in the future. The stylish designs of Great Wall Haval Big Dog, Great Wall Euler, and Great Wall Pickup Cannon have attracted the attention of young people. The WEY Tank 300 will be pre-sold at the Beijing Auto Show, which will support another product line. The recent continued rise in stock prices also reflects this expectation.
5. [Annada: Increase the sales price of the main product of titanium dioxide] In view of the increase in the price of the main raw materials for titanium dioxide production, resulting in an increase in product costs, the company decided to increase the sales price of the main product from September 7, rutile titanium The domestic sales price of white powder and anatase titanium dioxide is increased by 500 yuan/ton, and the export price is increased by 80 US dollars/ton. (Wind)
6. [LeTV quits: The China Securities Regulatory Commission fined the company 240 million yuan] The China Securities Regulatory Commission completed its investigation into the company's suspected fraudulent issuance case, ordered the company to make corrections, gave a warning and imposed a fine of 600,000 yuan; it was responsible for raising funds A fine of 5% of the capital is 240 million yuan. (Sina)
7. [58.com: The special shareholders meeting approved the privatization proposal with more than 75% of the votes] The total transaction valuation of is approximately US$8.7 billion. (Wind)
- foreign market -
1. [U.S. Boeing 787 Dreamliner detects production problems] Some parts produced by company's factory in South Carolina do not meet its own design and manufacturing standards. A high-level review by the Federal Aviation Administration is considering mandating enhanced or accelerated inspections of hundreds of aircraft implicated in the problem. At the end of August, Boeing took the initiative to ground eight 787 aircraft due to assembly line defects. (Financial Associated Press)
