U.S. stock market close | Hopes for easing trade relations helped U.S. stocks rebound, with three major Indexes all rising over 2.5%; Growth Tech stocks collectively rose, with Tesla increasing by 4.6%; Chinese concept stocks performed well, with Alibaba
The China Concept Index rose by 3.7%, with PDD Holdings, NIO, and Xpeng Autos all increasing by over 4%. Following trade news, the yield on ten-year U.S. Treasuries hit a daily low, while the USD hit a daily high; the Swiss Franc fell by over 1% during the day. Bitcoin briefly surged nearly 5000 dollars, surpassing the 0.091 million mark. Crude Oil Product rebounded, approaching a two-week high, with U.S. oil rising by more than 3% at one point.
Intensifying market competition coupled with product price reductions led to a more than 50% year-on-year decline in net profit for Huaheng Bio in 2024.
In 2024, the amino acid series revenue of Huaheng Biotech holds the highest proportion, but due to intensified market competition and price declines, the overall gross margin has significantly decreased; Despite facing performance pressure last year, the company continues to increase investment in research and development, promoting technological upgrades and new product development.
In 2024, Zhongke Weizhi will turn from profit to loss, with a significant decline in gross margin.
In the fiscal year 2024, Zhongke Weizhi achieved revenue of 2.474 billion yuan, a year-on-year increase of 26.42%; the net income attributable to the parent company's shareholders was -0.085 billion yuan, transitioning from profit to loss; affected by market price competition, the annual gross margin of the company's two main businesses - total integrated sorting systems and cross-belt sorting systems decreased by 3.79 percentage points and 3.17 percentage points year-on-year, respectively.
Intensive promotions could not overcome weak demand; Beijing Shunxin Agriculture's net profit in Q1 dropped nearly 40%, and contract liabilities decreased by over 50% | Interpretations
① Despite Beijing Shunxin Agriculture increasing promotional efforts in Q1 this year, revenue declined by nearly 20%, and net income also dropped by nearly 40%. ② Last year, Beijing Shunxin Agriculture turned losses into profits, but the company's net income did not meet the expectations of most brokerages. ③ As of the end of March this year, Beijing Shunxin Agriculture's contract liabilities amounted to 0.381 billion yuan, a year-on-year decrease of approximately 54.8%, and down 78.31% compared to the beginning of the year.
The growth in production of long-chain nylon materials has led to Orinko Advanced Plastics achieving a net profit increase of over 30% year-on-year in 2024, while gross margin is under pressure.
① During the reporting period, Orinko Advanced Plastics increased its investment in new markets such as smart home, New energy Fund, and Consumer Electronics, with steady growth in revenue in these areas; ② During the reporting period, the revenue from long carbon chain nylon materials increased by 105.39% compared to the previous period, entering a stage of healthy expansion.
In 2024, Anjiasi's overseas revenue increased by 36% year-on-year, and the USA subsidiary has entered the preparation stage.
1. Anjes achieved rapid growth in both revenue and Net income in 2024; 2. The Overseas market achieved revenue of 0.333 billion yuan, with a year-on-year growth of 36.19%, significantly higher than the domestic market.