399001 Shenzhen Component Index
- 9262.35
- +6.66+0.07%
China Reinsurance plans to issue perpetual bonds not exceeding 3 billion yuan. Net profit in 2023 sharply declined by 96.86% year-on-year, and the stability of profitability remains to be seen.
①China Life Insurance plans to issue perpetual bonds in the interbank bond market with a total amount not exceeding RMB 3 billion; ②The funds raised from this bond issuance will be used to supplement core Tier 2 capital and improve the company's solvency; ③China Life Insurance's 2023 profit fluctuated significantly, and future profitability stability is a concern.
Opinion | The car price war starting to cool down?
There has been a decrease in the intensity of automobile price reductions and the number of car models in May.
May's auto market is a tale of two extremes: electric vehicles are thriving while rbob gasoline vehicles are struggling, with sales of over sixty percent of listed car companies increasing year-on-year.
In May, the national passenger vehicle market sold 1.71 million vehicles, a year-on-year decrease of 1.9% and a month-on-month increase of 11.4%. Sales of traditional fuel vehicles that month were 910,000, a year-on-year decrease of 23%. A reporter from Cailian Press compiled statistics on the performance of 14 A/H-listed car companies in May, of which 5 companies experienced a year-on-year decline in sales that month.
China Passenger Car Association: in May, the retail sales of electric vehicles increased by 38.5% year-on-year, and the new product "price war" in the automobile market has cooled down temporarily.
Cui Dongshu, Secretary-General of China Passenger Car Association, said that the "price war" has slowed down since May. The domestic auto market is expected to return to the normal state of being promotion-oriented, and it is unlikely to see situations where prices are easily reduced by 20%.
In May, the retail sales of electric vehicles in the market were 804,000 units, a year-on-year growth of 38.5% according to the China Passenger Car Association.
In May, 804,000 electric vehicles were sold in the market, a YoY increase of 38.5% and a MoM increase of 18.7%.
Express News | Chinext price index turned red in the afternoon after falling more than 1% in early trading, while the Shenzhen component index narrowed its decline to 0.10%.
Express News | The Shanghai Composite Index fell more than 1%, the Shenzhen Component Index fell 0.8%, and more than 4300 individual stocks in the two cities fell.
Global semiconductor sales have been improving, and related semiconductor equipment and material manufacturers are expected to experience strong growth.
The World Semiconductor Trade Statistics Organization announced an upward revision of this year's global semiconductor output forecast, estimating an annual increase of 16%, and optimistic about the continuous growth of the storage and logic industry's output in 2025, which is expected to show strong growth for two consecutive years. Soochow Securities believes that the large fund phase III will drive growth in the semiconductor industry, and domestic semiconductor equipment and material manufacturers are expected to benefit in the long term, accompanying the continuous promotion of domestic substitution.
CEE Asia Consumer Electronics Expo is about to be held. The prosperity of the consumer electronics industry chain may have bottomed out and rebounded.
The 22nd CEE Asia Consumer Electronics Show will be held in Beijing from June 28th to 30th, 2024. The conference consists of five major theme summits and six industry forums, covering hot topics, development trends, and excellent cases in the fields of consumer electronics, AI, and other industries. China Merchants Yan Fan believes that the prosperity of the consumer electronics industry chain has bottomed out and rebounded.
The effects of real estate policies are gradually manifesting, and core city property markets are expected to see a recovery.
After the implementation of the new policy on May 28th, both the primary and secondary housing markets in Guangzhou have become active. According to the statistics of the Hefu Research Institute, the first-hand and second-hand housing markets in Guangzhou have both shown a trend of recovery under the influence of this new policy. The research report of China Securities Co., Ltd. pointed out that the continuous relaxation of policies is expected to provide support for demand, and core cities and second-hand housing markets are expected to recover first.
Express News | China International Capital Corporation (CICC) suggests that the economy may be relatively stable for the rest of the year, with a moderate recovery in prices. In terms of product structure, operating income for products in the 10-30 billion yuan range we
Express News | Securities Times: The stability of the fund side is gradually improving, and the window for banks to reduce deposit rates may open.
Dragon Boat Festival trip to Japan is very popular! With the depreciation of the yen, hotel prices have nearly doubled and luxury goods stores have long lines... What is the extent of the impact?
The fluctuation of exchange rates in Asian countries represented by Japan has attracted global attention and brought varying degrees of impact on global trade, finance and other markets. For China, what are the impacts of the Japanese yen depreciation on trade, investment, financial markets and other aspects?
Jiangsu Yanghe Brewery Joint-Stock Chairman of the Board of Directors: We need to reflect on our slower revenue growth compared to our peers in the province. This year we will focus on our home turf.| Live report on shareholder meeting
① The dividend rate of Yanghe Co., Ltd. has increased to 70% this year, which is the highest level in the industry. Chairman Zhang Liandong said that in the future, he will actively consider increasing dividends without affecting the healthy development of the enterprise. ② Zhang Liandong said that this year the company adapts to its own pace and takes the initiative to slow down, but it will also “have goals and ambitions.” ③ Zhang Liandong said that the domestic market in Jiangsu Province is not doing well, and internal reflection is needed. This year, the focus will be on the Jiangsu base market.
Performance is beginning to pay off! The selling price of pig enterprises in May reached a new high for the year, and the industry is bullish on the market in the second half of the year.
With the upswing of the pig cycle, the average sales price of listed pig companies in May surpassed the new high for the year, and their performance began to gradually realize. According to a reporter from Cailian Press who interviewed insiders, the supply and demand of pigs will further improve in the second half of the year against the backdrop of 17 consecutive months of liquidation of sows, and pig prices are expected to remain high and volatile, with listed pig companies expected to be profitable for the year.
Express News | The Shenzhen Component Index just fell below the 9200.00 mark, with the latest report at 9198.73, a decrease of 1.51% in a single day.
Using quantity to make up for price? The first phase of Weihai Guangwei Composites' Inner Mongolia 4,000-ton carbon fiber production has started. The stock-based incentive target has been adjusted this year.
The first phase of Inner Mongolia Guangwei project, with an annual output of 4,000 tons of carbon fiber production line, has officially started operation. The price trend of civilian fiber is expected to have some pressure this year, but there will not be much room for further price cuts.
Is Tesla going to partner with BYD Company Limited this time?
From the rumored power battery to the current energy storage battery, can it be implemented this time?
World of Warcraft Battle.net login is open, and today the information about the Chinese server's return will be announced; ASML jumps up to become the second largest listed company in Europe. | AI Daily Morning News
15 imported games have been approved for release, with cross-platform IP games being the highlight. Sales with Hui Tong have exceeded East Buy. Intel CEO: China is still an important market.
Express News | Founder Securities: The overall prosperity index of A shares has rebounded slightly this week.