Market Recap
U.S. Stock Market Close: Weak employment data spurred a rebound in tech giants, with Apple approaching an all-time high. As of Tuesday's close, led by the "Tech Seven," the Nasdaq Composite rose by 0.31% to 14,229.91 points; the S&P 500 index fell by 0.06% to 4,567.18 points; the Dow Jones Industrial Average also declined by 0.22%, closing at 36,124.56 points. Considering that the Indian and German stock markets have recently set new historical highs, in terms of "innovative high" potential, the Nasdaq is still short of more than two thousand points, but the Dow is less than 2% away. Most of the "Magnificent 7" tech giants showed strength, with Apple up by 2.11% and Microsoft up by 0.92%. The NASDAQ Golden Dragon China Index fell by 1.52%, and Alibaba fell by 0.89%.
Yesterday, the three major indices fluctuated weakly during the session and accelerated their decline at the end, with the Shanghai Composite Index losing the 3,000 point mark, the Shenzhen Component Index and the ChiNext Index falling nearly 2%, with only the Northbound 50 Index rising against the market; Northbound capital saw a significant outflow, with a net sale of over 7 billion yuan for the day. By the close, the Shanghai Composite Index fell by 1.67% to 2,972.3 points, the Shenzhen Component Index fell by 1.97% to 9,470.36 points, the ChiNext Index fell by 1.98% to 1,871.1 points, the Shanghai 50 Index fell by 2.03%, and the Northbound 50 Index surged by 7.28%; the total turnover of the two markets was 822.5 billion yuan, with Northbound capital net selling 7.521 billion yuan. In terms of sectors, semiconductors, military, oil, coal, and insurance sectors led the declines, while steel, liquor, non-ferrous metals, real estate, banking, and brokerage sectors all fell; food and beverage stocks rose against the market, and innovative drugs and lithium mine concepts were active.
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The three major Hong Kong stock indices weakened throughout the day, with the Hang Seng Index falling by 1.91%, the Hang Seng Tech Index falling by 2.05%, and the Hang Seng China Enterprises Index falling by 1.64%. By the close, 519 Hong Kong stocks rose, 1,411 fell, and 1,043 were flat. In terms of sectors, technology and internet stocks were lackluster, with NetEase falling by more than 5%. Automobile stocks were mixed, with Brilliance China falling by more than 6%. Real estate and property management stocks continued to decline, with Sunac China falling by more than 5%. Most pharmaceutical stocks headed downward, with WuXi Biologics falling by more than 8%. Catering stocks were under pressure, with Haidilao falling by more than 5%. Insurance stocks fell in unison, with AIA falling by more than 4%. On the other hand, large financial stocks, Apple concept stocks, film and entertainment stocks, aviation stocks, and heavy machinery stocks; on the other hand, medical aesthetics and cosmetics stocks rose against the trend, and textile stocks were popular.
Hot News
1. Triple in three years! Indian stock market nears the 4 trillion USD mark after setting a new high
The Indian stock market has stood out amidst a global economic slowdown, repeatedly setting new historical highs. With a surge in investments from individual investors and a recovery in foreign capital inflows, the valuation of the Indian stock market has approached 4 trillion USD for the first time, second only to the United States, China, and Japan. Recently, influenced by strong domestic macroeconomic data and expectations of a global interest rate easing, the Indian stock market has performed exceptionally. According to data compiled by the media, since the low point of the pandemic in March 2020, the total market value of the Indian stock market has tripled. As of Monday (December 4th), the market value is just a step away from the 4 trillion USD mark.
2. Confirmed! Oil prices are set to drop again!
On December 5th, the official website of the National Development and Reform Commission showed that from 24:00 on December 5, 2023, the domestic prices of gasoline and diesel (standard products, the same below) will be reduced by 55 yuan and 50 yuan per ton, respectively. After being converted to a per liter price, domestic 92# gasoline, 95# gasoline, and 0# diesel will be reduced by 0.04 yuan/liter, 0.05 yuan/liter, and 0.04 yuan/liter, respectively. Although the reduction is not significant, after this price adjustment is implemented, domestic refined oil prices will welcome a "five consecutive drops." After a combined calculation, car owners who want to fill up a 50L fuel tank for a small car will save 27 yuan compared to before the "five consecutive drops."
3. Challenging for the first laser radar stock in Hong Kong! The "alarm bell rings" behind the scenesFollowing the successful listing of Hesai Technology on NASDAQ, another key player in the LiDAR industry is also heading towards the capital market. Recently, an announcement from the Hong Kong Stock Exchange (HKEX) showed that RoboSense has passed the hearing and plans to go public on the main board of the HKEX. The company's bid to become the first LiDAR stock on the Hong Kong market seems to be a foregone conclusion. In fact, a rapid entry into the capital market appears to be a matter of "life and death" for this LiDAR manufacturer. This is because the capital behind it "can't wait any longer." During the reporting period of three and a half years, RoboSense has accumulated losses of 4.73 billion yuan, and its gross margin in the past two years is also far below that of Hesai Technology, which took the lead in the capital market.
4. Hongbo Shares' subsidiary signs a nearly 1.4 billion yuan big order: providing GPU computing power technology services to Baichuan Intelligence
On the evening of December 4, Hongbo Shares Co., Ltd. announced that its wholly-owned subsidiary, Yingbo Digital Science, had signed a significant contract for daily operations. The company's wholly-owned subsidiary, Beijing Yingbo Digital Science Technology Co., Ltd., recently signed a "Cloud Service Agreement" with Beijing Baichuan Intelligent Technology Co., Ltd. in Beijing. During the term of the agreement, Yingbo Digital Science will provide Baichuan Intelligence with high-performance computing or GPU computing power technology services, with the total transaction amount involved in the agreement expected to be 1.382 billion yuan. Both parties will settle the actual costs monthly according to the agreement during the cooperation period. For additional services provided later, both parties will sign a supplementary agreement to confirm the price and execution details.
5. Another bank approved for dissolution!
Less than a month after being acquired, Beijing Daxing Huaxia Rural Bank was recently approved for dissolution. The reply document disclosed on the official website of the National Financial Regulatory Administration shows that the Beijing Regulatory Bureau agreed to dissolve Beijing Daxing Huaxia Rural Bank on November 24. It is understood that after receiving this reply document, the bank and its subordinate branches, Beijing Daxing Huaxia Rural Bank Panggezhuang Branch and Beijing Daxing Huaxia Rural Bank Langfang Branch, should stop all business activities, return the financial license to the Beijing Regulatory Bureau of the National Financial Regulatory Administration, and handle relevant procedures in accordance with legal and regulatory requirements.
6. Another company's IPO fails, with Lei Jun as a founding shareholder
Shanghang Technology, a company with internet tycoon Lei Jun as a founding shareholder, has ended its IPO on the main board of Shenzhen. On December 5, the Shenzhen Stock Exchange announced that on November 24, Guangzhou Shanghang Information Technology Co., Ltd. applied to withdraw its application documents for listing and issuance. According to the regulations, the Shenzhen Stock Exchange decided to terminate the review of its initial public offering of shares and listing on the main board. Shanghang Technology is a one-stop service provider in the field of internet data centers, with main businesses including IDC comprehensive services, cloud comprehensive services, and other services. Among them, IDC comprehensive services cover cabinet leasing and server hosting services, bandwidth leasing services, IP address services, and virtual private network services, etc., while cloud comprehensive services mainly refer to public cloud services.
7. For the first time! Dongfang Selection App launches cultural tourism products
Recently, Dongfang Selection announced that it will launch cultural tourism products on December 10, with the platform being the Dongfang Selection App. It is reported that this is the first time Dongfang Selection App has launched such products. It is also understood that these products will not be launched on other platforms for the time being. From December 10 to 12, Dongfang Selection hosts Dun Dun and Bei Bei will start a joint celebration in Hainan, Yunnan, and Jilin in the live broadcast. This is also the first time Dongfang Selection has set up "sub-venues" in three provinces, broadcasting across the north and south, which can be described as a grand event. Currently, more than 100 companies have confirmed their intention to cooperate and will soon settle in, with products including travel packages, scenic spot tickets, and hotel packages, etc. Affected by this, on December 5, Dongfang Selection's stock price soared during the trading day.
8. Moutai Industry Fund makes a move, "first order" latest exposure!After completing the filing in August this year, Moutai Jinshi Fund welcomed its first public investment. The company invested in by Moutai Jinshi Fund this time is Chengdu Taihe Weiye Biotechnology Co., Ltd., which mainly focuses on the market of protective amino acids and peptide drug intermediates. In August this year, Taihe Weiye announced the completion of a 200 million yuan Series A financing round, with Hillhouse Capital as one of the co-leaders. The specific investment amount of Moutai Jinshi Fund in this case has not been disclosed. According to currently available public information, this is the first investment of the industrial development fund established by Kweichow Moutai.
9. Big news in the real estate market! Reasonably reducing agency fees, Guangzhou also takes action.
On December 5, the Guangzhou Housing and Urban-Rural Development Bureau and the Guangzhou Market Supervision Administration jointly issued a document to standardize real estate brokerage services. It is proposed that real estate agencies should reasonably reduce the intermediary service fees for housing transactions and rentals, and guide both parties to the transaction to share the intermediary service fees. Real estate brokerage agencies with a dominant position in the market are not allowed to abuse their dominant position to charge intermediary service fees at unfairly high prices.
10. Unbelievable! Luckin Coffee loses to a Thai knockoff store.
The topic of "Luckin Coffee sues Thai Luckin and loses" soared to the top of the Weibo hot search list. After "authentic Luckin" sued the Thai "knockoff Luckin" in court, it ended with a defeat for the Chinese Luckin. The incident originated at the end of 2021 when a social media user found that "Luckin" had opened in Thailand - a Luckin Coffee store appeared on the streets of Bangkok, with the sign reading Luckin Coffee (Thailand) Co., Ltd. However, unlike in China, the Thai trademark's deer head looks to the left. On December 1, the Central Court of Intellectual Property and International Trade of Thailand announced the final judgment on the case of Chinese Luckin Coffee Company suing the Thai Royal 50R Group (50R group) for trademark copyright infringement, ruling that the Chinese Luckin Coffee Company lost the lawsuit and must execute immediately.
Interpretation of the situation:
1. Attention! Following the clearance of Shanghai Qingwang, Kunshan Ivy also plans to clear out of Degu Te.
On the evening of December 5, Degu Te announced that the shareholder Kunshan Ivy plans to reduce its holdings of the company's shares by no more than 2.217 million shares, accounting for 1.48% of the company's total share capital, through centralized bidding and block trading within three trading days after the announcement of the share reduction plan for three months. Up to now, Kunshan Ivy holds 2.217 million shares. That is, through this maximum reduction of shares, Kunshan Ivy will withdraw from its holdings in Degu Te.
2. The fourth largest shareholder of Zhaoyan New Medicine plans to reduce holdings by no more than 7.4 million shares, with net profit in the first three quarters down by more than 48%.
On the evening of December 5, Zhaoyan New Medicine announced that the shareholder Gu Xiaolei plans to reduce no more than 7.4 million shares, not exceeding 0.9868% of the company's current total share capital, through centralized bidding or block trading on the Shanghai Stock Exchange within six months after three trading days from the announcement of the share reduction plan. The company is currently increasing revenue but not profit. In the first three quarters of 2023, Zhaoyan New Medicine achieved a revenue of 1.587 billion yuan, a year-on-year increase of 24.34%; the net profit attributable to the parent company was 328 million yuan, a year-on-year decrease of 48.17%; the net profit excluding non-recurring gains and losses was 311 million yuan, a year-on-year decrease of 48.62%.3. China's First Charging Service Stock - Energy Chain Smart Electric Charging Robot Debuts at the First Chain Expo
From November 28th to December 2nd, the first national-level exhibition themed on supply chain - the First China International Supply Chain Promotion Expo was held in Beijing. China's first charging service stock, Energy Chain Smart Electric, showcased its multi-scenario new energy replenishment solutions at the inaugural Chain Expo, demonstrating intelligent cockpits, supercharging piles and smart charging piles, automatic charging robots, and commercial liquid-cooled energy storage systems.
4. NIO and Hefei Hengchuang Acquire Part of JAC Motors' Publicly Listed Assets for a Total Cost of 4.577 Billion Yuan
On the evening of December 5th, JAC Motors announced that the company received a "Bidding Result Notification" from Anhui Property Rights Trading Center Co., Ltd. NIO Automobile became the transferee of Asset Package I and Asset Package III, with the transaction price for Asset Package I being 1.666 billion yuan and for Asset Package III being 1.492 billion yuan, totaling 3.158 billion yuan; Hefei Hengchuang became the transferee of Asset Package II, with a transaction price of 1.418 billion yuan. The total transaction price of this deal is 4.577 billion yuan.
5. Zhangyue Technology's Third Largest Shareholder Plans to Reduce Holdings by No More Than 1%, with a Nearly 30% Increase in Stock Price Since October
On the evening of December 5th, Zhangyue Technology announced that Quantum Leap, a shareholder holding 7.49% of the company's shares, plans to reduce its holdings through a centralized bidding process due to its own needs. The total reduction will not exceed 4.389 million shares, with the reduction period being within three months after 15 trading days from the date of the announcement's disclosure, and not exceeding 1% of the company's total share capital in any consecutive 90 natural days. Quantum Leap is the third largest shareholder of Zhangyue Technology. Data shows that since October 23rd of this year, Zhangyue Technology's stock has accumulated an increase of 29.05%.
6. Stock Price Hits Three-Year Low, Hesheng Silicon Industry's Controller Proposes Share Repurchase
On the evening of December 5th, Hesheng Silicon Industry announced that the company's board of directors received a letter from the actual controller and chairman, Luo Liguo, on December 5, 2023, proposing the repurchase of some of the company's issued Renminbi common shares (A shares) through the Shanghai Stock Exchange trading system using the company's own funds via a centralized bidding transaction method. The total amount of repurchase funds should not be less than 500 million yuan (inclusive) and not more than 1 billion yuan (inclusive). The repurchase period will be within 12 months from the date when the company's shareholders' meeting approves the share repurchase plan.
7. Puy Tai Plans to Increase Capital by 1.955 Billion Yuan to Sichuan Zichen and Sichuan Zhuoqin, Accelerating the Construction of Fund-Raised Projects
On the evening of December 5th, Puy Tai announced that the company plans to increase its capital to its wholly-owned subsidiaries, Sichuan Zichen and Sichuan Zhuoqin, by 1.255 billion yuan and 700 million yuan, respectively. After the capital increase, the registered capital of Sichuan Zichen will increase to 2.269 billion yuan, and that of Sichuan Zhuoqin will increase to 1.688 billion yuan. Puy Tai stated that this capital increase can meet the funding needs for the construction of the investment projects raised by the 2022 non-public issuance of funds for its wholly-owned subsidiaries, Sichuan Zichen and Sichuan Zhuoqin, and accelerate the construction of the fund-raised projects.8. The chairman of ST Jiuyou plans to increase his holdings by no less than 1 million yuan, and the loss in the first three quarters narrowed. On the evening of December 5, ST Jiuyou announced that the company's chairman Xiao Ziran plans to increase his holdings of the company's shares through the Shanghai Stock Exchange system in a centralized bidding transaction with his own funds. The amount of shares increased this time is not less than 1 million yuan and not more than 2 million yuan. There is no price range for this increase plan, which will be implemented within 6 months from the date of disclosure of this announcement. In the first three quarters of 2023, ST Jiuyou achieved revenue of 245 million yuan, a year-on-year increase of 19.31%; the net loss attributable to the parent was 15.2079 million yuan, a year-on-year narrowing loss; the net loss after deducting non-recurring gains and losses was 15.77 million yuan, a year-on-year narrowing loss. 9. Tianyuan shares subsidiary Tiancheng Lithium intends to introduce strategic investment to promote the cathode material project At noon on December 5, Tianyuan shares announced that the company's board of directors reviewed and approved the proposal. Tiancheng Lithium, a wholly-owned subsidiary, intends to introduce Luotou Assets as a strategic investor by increasing capital and expanding shares. Luotou Assets is valued at 80.8228 million yuan with its legally owned related physical objects, land use rights and other assets, and the newly subscribed capital contribution of Tiancheng Lithium is 80.8228 million yuan; Tianyuan shares invested 219.1772 million yuan in monetary funds, and the newly subscribed capital contribution of Tiancheng Lithium is 219.1772 million yuan. 10. Another company stepped on the thunder of Zhongrong Trust, and Marsman's 50 million yuan trust wealth management was not redeemed at maturity At noon on December 5, Marsman announced that the company purchased the "Zhongrong-Longsheng No. 1 Collective Fund Trust Plan" trust product with its own funds of 50 million yuan on March 2, 2023. As of now, the above trust products have expired, and the company has not received the principal and investment income of the above trust products. The investment amount of the overdue trust product Longsheng No. 1 is 50 million yuan, accounting for approximately 1.48% of the company's total assets as of September 30, 2023, and approximately 3.03% of the company's net assets as of September 30, 2023. New stock information 1. Traditional packaging electroplating liquid leader, Aisen shares listed today Today, Aisen shares were listed on the Shanghai Stock Exchange Science and Technology Innovation Board, with an issue price of 28.03 yuan per share; from January to June 2023, Aisen shares' operating income structure was: traditional packaging accounted for 58.41%, advanced packaging accounted for 19.49%, electronic components accounted for 15.63%, and others accounted for 1.56%. Aisen shares are mainly engaged in the research and development, production and sales of electronic chemicals.