Beyond expectations, Semiconductor Manufacturing International Corporation's Hong Kong shares rose by more than 9%, while Guolian Securities opened with an increase of more than 7%. The company's restructuring plan has been released: it plans to acquire 99.26% of Minsheng Securities' shares for 29.5 billion yuan, and long-term government bonds continue to decline.
On Friday, the SSE Composite Index opened up 0.35%, and the Wande Complete-A Index rose 0.43%. Baijiu stocks rebounded continuously, with Kweichow Moutai opening up 2% after its financial performance announcement, and its dividend rate for the next three years will not be lower than 75%. The chip industry chain performed well, and Semiconductor Manufacturing International Corporation's performance exceeded expectations, rising over 4%. Vitamins, CPO, and brokerage did well, while the commercial aerospace and education sectors continued to decline.
The three major Hong Kong stock indices opened significantly higher, with the Hang Seng Index up 1.22%, the Hang Seng Tech Index up 2.08%, and the Hang Seng China Enterprises Index up 1.3%. Semiconductor Manufacturing International Corporation rose over 7%, leading the blue chips, while Baidu, Ctrip Group, and Li Auto Inc. rose over 3%. Guolian Securities rose 13% following the company's announcement of its intention to acquire 99.26% of Minsheng Securities.
The precious metals and basic metals sectors also showed strength.
In the Hong Kong stock market, the chip stocks rose sharply, with Semiconductor Manufacturing International Corporation up over 9%.
Chinese bond futures.
On Friday, government bond futures opened lower across the board, with the main contract for the 30-year term falling 0.59%, the main contract for the 10-year term falling 0.24%, the main contract for the 5-year term falling 0.12%, and the main contract for the 2-year term falling 0.02%.
News:
National Bureau of Statistics: In July, CPI increased by 0.5% YoY, PPI decreased by 0.8% YoY.
In July 2024, the nationwide consumer price index increased by 0.5% YoY. Among them, urban areas increased by 0.5%, rural areas increased by 0.7%; food prices remained flat, non-food prices increased by 0.7%; consumer goods prices increased by 0.5%, and service prices increased by 0.6%.
Breaking news! Large brokerage merger announced: 'Guolian Securities + Minsheng Securities' to enter the capital markets with a countdown!
Just two and a half months after releasing its major asset reorganization plan, Guolian Securities announced on the evening of August 8th that it plans to acquire 99.26% of Minsheng Securities from 45 counterparties such as Guolian Group and Fangquanyu through the issuance of A-shares and the raising of supporting funds. The issuance price was lowered from RMB 11.31 per share to RMB 11.17 per share due to the dividend ex-date, with a total issuance of 2.64 billion shares, accounting for 48.25% of the total share capital of the listed company after the issuance (excluding supporting financing), with a total transaction value of RMB 29.492 billion.
Guizhou Moutai made a profit of RMB 41.7 billion! Its dividend rate will not be lower than 75%!
On the evening of August 8th, Guizhou Moutai announced that it achieved operating income of RMB 81.93 billion in the first half of 2024, an increase of 17.76% YoY; the total net profit was RMB 41.696 billion, an increase of 15.88% YoY. In the first half of this year, Guizhou Moutai achieved its highest-ever revenue and net profit, with double-digit growth rates that will continue for the long-term, and a dividend payout rate of no less than 75% was the highlight of this half-year report.
Two major wafer manufacturers disclose important data! Semiconductor Manufacturing International Corporation's performance exceeds expectations, and Hua Hong Semiconductor is close to full capacity.
As chip exports have achieved year-on-year growth for nine consecutive months, two major wafer manufacturers have also had good news: Semiconductor Manufacturing International Corporation's second-quarter revenue exceeded expectations, and Hua Hong Semiconductor's capacity utilization rate has further improved from the previous quarter, and it has approached full capacity. Industry insiders predict that the chip development situation may be even better next year.