Since the beginning of the year, investment in major projects in various regions has been implemented at an accelerated pace, and construction is in full swing.
[Today's headlines]
Multiple efforts are being made to boost the implementation of major projects, and investment growth can be expected in the second quarter
Since the beginning of the year, investment in major projects in various regions has been implemented at an accelerated pace, and construction is in full swing. The reporter learned from the National Development and Reform Commission and others that multiple sources of funding, including investments within the central budget, local government special bonds, additional treasury bonds, and ultra-long-term special treasury bonds, are being disbursed at an accelerated pace to ensure that construction of major projects starts as soon as possible. At the same time, many regions are also taking active action to actively seek financial support such as investment within the central budget and ultra-long-term special treasury bonds to help the project land. In response, market participants expect that the second and third quarters will be the peak period for issuing and using special treasury bonds and local government special bonds, which will also support continued economic growth.
[General outlook]
Tesla (TSLA.US) closed up more than 12% after the results, and the market capitalization returned above 500 billion US dollars
Overnight, the Dow fell 42.77 points, or 0.11%, to 38460.92 points; the NASDAQ rose 16.11 points, or 0.10%, to 15712.75 points; and the S&P 500 rose 1.08 points, or 0.02%, to 5071.63 points. Nvidia (NVDA.US) fell 3%, and Tesla (TSLA.US) closed up more than 12% after the results, and the market capitalization returned above 500 billion US dollars.
The Nasdaq China Golden Dragon Index closed up 1%, BILI.US (BILI.US) rose nearly 11%, NIO Auto (NIO.US) and Alibaba (BABA.US) rose about 3%, and Ideal Auto (LI.US) fell nearly 4%. The Hong Kong stock ADR index rose. On a proportional basis, it closed at 16,254 points, up 3.29 points or 0.02% from the Hong Kong closing.
[Hot preview]
Alleged to be a major moment in Hong Kong's financial history, three Huaxia Bosch and Cash spot Bitcoin and Ethereum ETFs were approved
Huaxia Fund, Harvest International, and Bosch International announced that the first batch of Hong Kong Bitcoin spot ETF and Ethereum spot ETF products applied for by the three fund subsidiaries have all been approved by the Hong Kong Securities Regulatory Commission. They are scheduled to be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30. According to reports, this is the first time such products have been launched in the Asian market. These two types of products aim to provide return on investment close to the spot prices of Bitcoin and Ether. According to the industry, the issuance of Asian spot Bitcoin and Ether ETFs provides retail and institutional investors with a safe, efficient, and convenient tool to allocate digital assets.
Nongfu Spring (09633) Returns to pure water after 24 years Response: Not yet determined
Recently, a promotional image of Nongfu Spring's pure aquatic products was circulated online. According to various media reports, many employees of Nongfu Spring retweeted this promotional image in their circle of friends. As to whether pure water will be officially launched, pricing, specifications, etc., on April 24, Nongfu Spring said, “There is no definitive information yet.” According to currently circulating promotional images, the specification of this Nongfu Spring Green Bottled Water is 550ml. It comes from natural water sources in the top ten water sources, including Qiandao Lake, Mount Emei, and Danjiangkou. Red Star Capital has noticed that this is not the first time that Nongfu Spring has entered the pure water market. In fact, in 1999, Nongfu Spring was still producing pure water. Until 2000, Zhong Yuyi, founder of Nongfu Spring, pioneered a new “natural drinking water” circuit and announced that no more pure water would be produced. Since then, no pure aquatic products have appeared on Nongfu Spring's official website and e-commerce platforms.
Electric Energy Industry (00006), Changjiang Industrial (01113) and Changjiang Infrastructure (01038) subscribe for CK William shares according to shareholding ratio
Zhitong Finance App News, Electric Energy Industry (00006) announced that on April 24, 2024, Electric Power Industrial Subsidiary Company, Changjiang Industrial Subsidiary Company and Changjiang Infrastructure Subsidiary each signed a subscription agreement with CK William for the first share subscription. They have separately subscribed for 46,526 shares, 93,052 shares and 93,052 common shares of CK William, with a total subscription price of £46.526 million (equivalent to approximately HK$450 million) and £93.05 million, respectively (equivalent to approximately HK$901 million) and £93.52 million (equivalent to approximately HK$901 million). The above share subscriptions were carried out according to the proportion of CK William's interests in the Group, Cheung Kong Industrial Group and Changjiang Infrastructure Group each, and in accordance with substantially the same terms.
Wang Chuanfu: NEVs look at batteries in the first half, look at chips in the second half
BYD Chairman Wang Chuanfu appeared at the Horizon press conference on April 24. He said that new energy is electrified in the first half, and intelligent in the second half. If the first half looked at the battery, the second half looked at the chip. The Beijing Auto Show is about to open, and advanced smart driving is undoubtedly one of the most popular focuses. BYD Tenjin Eye will cover 200,000 yuan to million-class models. Currently, one million BYD models are equipped with Horizon chips, and models equipped with Journey 6 will also be launched in the future.
Meituan: The number of cultural tourism bookings for the May Day holiday increased by more than 190% from week to week
As the May Day holiday approaches, travel markets around the world have ushered in a boom in reservations. According to the latest data released by Meituan, as of April 24, cultural tourism bookings for the May Day holiday increased by more than 190% from week to week. Beijing, Shanghai, Chengdu, Chongqing, Xi'an, Changsha, Guangzhou, Wuhan, Nanjing, and Qingdao were the top 10 most popular destinations in the country.
Great Wall Motor (02333): Net profit for the first quarter increased by 1752.55% year-on-year
Great Wall Motor announced on April 24 that the company achieved total operating revenue of 42.86 billion yuan in the first quarter, up 47.6% year on year; net profit to mother was 3,228 billion yuan, up 1752.55% year on year; and basic earnings per share were 0.38 yuan. The change in performance was mainly due to an increase in the company's sales scale during the reporting period.
New Oriental-S (09901): Net profit attributable to shareholders increased 6.8% year-on-year to US$87 million in the third fiscal quarter of 2024
New Oriental announced on the Hong Kong Stock Exchange that net revenue for the third quarter of fiscal year 2024 rose 60.1% year on year to US$1.27 billion; operating profit rose 70.6% year on year to US$113 million; and net profit attributable to shareholders rose 6.8% year on year to US$87 million.
Shangtang-W (00020) launched the 600 billion parameter large model “Nishi-Nisshin 5.0” and resumed trading on April 25
Zhitong Finance App News, Shangtang-W (00020) announced that on April 23, 2024, the company held a technical exchange day event at AIDC in Lingang, Shanghai. Among them, the company launched the 600 billion parameter model “Japan-Japan New 5.0,” which greatly improved knowledge, mathematics, reasoning and coding skills, and comprehensively compared the GPT-4Turbo with comprehensive performance. At the same time, the company launched an industry-large all-in-one version and a mobile-side large model SDK version. The company has applied to the Stock Exchange to resume trading of Class B shares starting at 9:00 a.m. on April 25, 2024.
CGN Mining (01164) plans to produce a total of 606.7 tU of natural uranium in the first quarter, with a completion rate of 92%
According to the Zhitong Finance App, CGN Mining (01164.HK) announced that in the first quarter of 2024, the mines invested by the group produced a total of 606.7 tU of natural uranium, with a planned completion rate of 92.0% for this quarter. Among them, the Kazakh joint venture Semizbay Uranium Limited Partnership (Xie Company), which holds 49% of the Group's shares, produced 237.1 tU of natural uranium, an increase of 9.3 tU over the same period last year; while the other Kazakh joint venture mining company Ortalek Limited Liability Partnership (Austrian Company), which holds 49% of the shares, produced 369.6 Tu of natural uranium, an increase of 6.5 Tu over the same period last year.
Hisense Home Appliances (00921) announced first-quarter results, net profit of 981 million yuan, an increase of 59.48% year-on-year
According to the Zhitong Finance App, Hisense Home Appliances (00921) announced its results for the first quarter of 2024. The group achieved operating income of 23.486 billion yuan (RMB, same below) during the period, an increase of 20.87% over the previous year; net profit to mother of 981 million yuan, an increase of 59.48% year on year; and basic income per share of 0.72 yuan.
[Individual stocks are a bit clear]
Chizicheng Technology (09911): Total social business revenue for the first quarter is expected to be about 980 million yuan to 1.01 billion yuan, an increase of about 65.8% to 70.9% year-on-year
Zhitong Finance App News, Chizicheng Technology (09911) announced that as of March 31, 2024, the group's social networking business had accumulated downloads of about 650 million, an increase of about 5.9% over December 31, 2023. In the first quarter of 2024, the average monthly activity of the Group's social networking business reached about 285.48 million yuan, an increase of about 2.6% over the previous month; total social business revenue is expected to reach about RMB 980 million to RMB 1.01 billion, an increase of about 65.8% to 70.9% over the same period in 2023.
Starting with MICO, the company gradually launched various social products such as YoHo, SUGO, and TopTop, which verified the viability of the “multi-product, multi-market” strategy. Since August 2023, three social networking products have entered the top 30 of data.ai's “China Non-Gaming App Overseas Revenue List” for five consecutive months. Among them, SUGO's revenue and profit both increased more than 3 times year on year; TopTop's revenue increased more than 2 times, and profit increased more than 6 times. Furthermore, through the acquisition of Chizicheng Strategy Investment, the company has further expanded its social networking business footprint and launched HeeSay, a multi-person online community for overseas LGBTQ+ users, and will select suitable regions to focus on intensive cultivation, and gradually complete the coverage of social products for diverse people such as HeeSay in more markets around the world through “national replication”.
The company launched the boutique game “Alice's Dream: Merge Island” in 2023, leading Google's global synthesis game list with innovative gameplay and art design, and topping Sensor Tower's overseas revenue and download rankings. Meanwhile, the company's game team incubated new games such as “Taylor's Secret,” “MergeCove,” and “Sudoku.”