BK0434 Glass Concept
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Chinese assets have ushered in a lot of good news!
Today, although the major indices of A-shares and Hong Kong stocks have not increased much, individual stocks have shown a general upward pattern. The money-making effect on the market is obvious, and concept stocks such as PV, real estate, and AI PCs have collectively strengthened.
Sales of Huawei phones increased by nearly 70% in the first quarter, institutions predict a moderate recovery in the mobile phone market
According to Counterpoint's mobile phone sales report data, smartphone sales in China increased 1.5% year on year in the first quarter of 2024, achieving positive year-on-year growth for the second consecutive quarter. Huawei stood out from all mobile phone brand manufacturers in the first quarter, with a year-on-year increase of 69.7%.
Assembly business expands Lansi Technology: introducing more new projects this year to increase product value | Direct performance meeting
① The smartphone and computer business increased. Lansi Technology's Q1 revenue and net profit this year increased by 57.52% and 379.02%, respectively. ② It is expected that the assembly business will continue to develop new customers and categories this year to maintain the growth of this business. The peak order season for the industry will look forward to the second half of the year.
Follett's PV glass revenue increased 40% in 2023, gross margin at a historically low level
① Follett's 2023 PV glass revenue increased by 43.82% over the previous year ② The gross margin of the photovoltaic glass business was 22.45%, at a low level between 2016 and 2023 ③ By the end of 2023, Follett's total production capacity was 20,600 tons/day, and the Anhui and Nantong projects are expected to operate this year
Featured announcements | Fuyao Glass's net profit in 2023 increased 18.37% year on year; passenger occupancy rates of the three major airlines all recovered to more than 80% in February
Meitu's adjusted net profit in 2023 was about 370 million yuan, up 233.2% year on year; Longhu Group's total contract sales amount for February was 5.75 billion yuan.
Hong Kong Stock Afternoon Review | The three major indices had mixed ups and downs. Semiconductor stocks rose sharply, and SMIC rose more than 6%; most of Technet stocks declined, and Baidu fell more than 7%
Photovoltaic solar energy stocks were popular. Xinyi Solar Energy rose more than 22%, Follett Glass rose more than 6%; auto stocks generally rose, with Zero Sports Auto and Xiaopeng Motors up more than 3%, and Geely Automobile up nearly 3%; pharmaceutical stocks strengthened collectively, Lai Kai Pharmaceuticals rose more than 24%, and Genting Xinyao rose nearly 12%.
Breaking a world record! The conversion efficiency of large-scale all-perovskite photovoltaic modules in China reached 24.5%. Institutions are optimistic about investment opportunities in these three directions in the perovskite field
We learned from Nanjing University that the large-scale all-perovskite photovoltaic module developed by Professor Tan Hairen's research team at the university has achieved a new breakthrough. After testing by an authoritative international third party agency, its steady-state photoelectric conversion efficiency reached 24.5%, breaking the world record for such modules and laying the technical foundation for subsequent industrialization. The relevant paper was published in the international academic journal “Science” on February 23.
In 2023, sales of folding screen phones increased 140% year-on-year, and domestic flexible material manufacturers are expected to break through at an accelerated pace
According to CINNO Research industry statistics, the sales volume of folding screen smartphones in the Chinese market reached 6.8 million units in 2023, up 140% year on year; it is estimated that in 2024, sales of folding screen smartphones in the Chinese market will reach 9.6 million units, an increase of 41% year on year.
Not sure if it's out of stock! With orders for the Xiaomi 14 series increased by 40%, the supply chain is expected to enter a recovery path
① Plus orders are for the entire series, not specific to a specific category; ② Since the release of this phone, “out of stock” has become a high-frequency term; ③ the agency claims that the popularity of the Xiaomi 14 is the result of the combination of its comprehensive product strength and the recovery in smartphone market demand.
Xiaomi 14 is selling explosively, with weekly sales exceeding one million! Almost “all products are out of stock” offline, Lei Jun: We are trying our best to collect orders...
Previously, there was the Huawei Mate 60 series, which was “hard to find”, and the Xiaomi 14 series sold more than one million a week. Domestic phones are conquering the high-end market.
Next year, Huawei plans to launch a more competitive folding screen mobile phone folding machine market to accelerate expansion
① The global smartphone market has been declining for nine consecutive quarters. Only the folding screen phone category remains strong and continues to grow. ② Huatai Securities believes that with the continuous optimization of UTG process technology, UTG's production efficiency and product performance are expected to be further enhanced, and its share in folding screen cover materials is expected to continue to increase, which in turn will drive improvements in the performance and user experience of folding screen products.
Heterogeneous “upstart” King Kong PV terminates fixed growth plans and “steps on” various financial situations where refinancing is restricted
① King Kong Photovoltaics decided to end the fixed increase in 2023. The company previously planned to raise 500 million yuan to 1,042 million yuan; ② Currently, the company is in a state of bankruptcy, bankruptcy, and continued loss of business performance. “Stampede” in various financial situations where refinancing is restricted in the “trampling” of the Securities Regulatory Commission's regulatory arrangements; ③ The company's capital gap caused by large-scale expansion of the heterogeneous industry may have widened further.
Q3 Can the performance exceeding expectations continue? Follett Responds to Q4 Cost Changes and Cash Flow Performance | Direct Response to Results Meeting
① Q3 performance exploded. Follett management said that there is still uncertainty on the Q4 cost side; ② industry analysts pointed out that Q4 photovoltaic glass manufacturers' profits are expected to decline further; ③ As revenue continues to grow, the company's poor net operating cash flow performance has raised questions from investors.
Star Fund Manager's Q3 Positions Released! Recent investment trends such as Zhang Kun, Liu Yanchun, and Zhu Shaoxing revealed
The words and actions of well-known fund managers have attracted much attention from the market.
The official website still has to wait 50 days, but the second-hand premium is far lower, but can the iPhone 15 series still “recline”?
The new iPhone 15 series is officially on sale, and the “scalper” second-hand sales price is far lower than in previous years; many agencies are bearish on the new Apple phone. Analysts say that factors such as the impact of new Huawei models and the lack of actual product upgrades compared to the previous generation have affected the 15 series sales.
On the eve of the launch of the iPhone 15: Huawei is sold out, Apple remains “mysterious”
A number of interviewees said that as a result, the previous sales base was low and production capacity for new products was limited, and the final impact of the popularity of new Huawei models on Apple's new product sales is still to be observed.
Express News | HSBC Research gave Fuyao Glass a purchase rating for the first time, with a target price of HK$37
Express News | Jefferies: Giving Fuyao Glass a target price of HK$72.3 to maintain a neutral rating
Opinion | Renewable energy vehicle policies to go to the countryside are expected to heat up, and the sector continues to recover
On May 5, the National Standing Committee passed implementation opinions such as better support for new energy vehicles to go to the countryside, and policy expectations will further heat up. We expect the sector to gradually recover as prices gradually return to rationality and the introduction of stimulus policies.
Nio Supplier Partners With Auto Glass Company To Tackle Ugly Lidar Placement Woes In Certain EVs
A supplier of Nio Inc (NYSE:NIO) has partnered with auto glass company Fuyao Group to make Lidars that can be installed behind the windshield of a vehicle, eliminating any unsightly issues associated