Tips: Whether a seed can take root and grow into a big tree depends not only on the seed itself. In addition, it is also necessary to look at the objective environment such as soil, light, water source, and animals where the seeds grow. Information is like a seed, whether it can affect the rise of stock prices also depends on the objective environment of the market at that time. Calm, rational and objective analysis and decision-making are very important prerequisites for successful investment and speculation.
1. Investment information
1. SK hynix plans to invest 430 billion in HBM memory chips to focus on companies related to the industrial chain
According to media reports, SK hynix announced on June 30 that SK hynix plans to invest 103 trillion won in the field of AI artificial intelligence by 2028, of which about 80%, or 82 trillion won (currently about 432.55 billion won), will be used for HBM memory chips.
As a high-performance DRAM based on 3D stacking process, HBM breaks the bottleneck of memory bandwidth and power consumption, and the improvement of GPU performance promotes the continuous upgrade of HBM technology, and the market demand surges. According to TrendForce, HBM3e will be the mainstream of the market this year, with shipments concentrated in the second half of this year. Analysts believe that HBM effectively solves the memory bottleneck problem and is the best solution to meet the current AI needs, and the strong demand for HBM also benefits packaging, materials, equipment and other links.
Among the A-share companies, you can pay attention to Huahai Chengke (688535), Novoray New Materials (688300), etc.
2. China is accelerating the layout of the 5G-A industry chain, and companies are expected to usher in development opportunities
According to media reports, the Mobile World Congress with the theme of "Future First" focuses on key areas such as "beyond 5G, artificial intelligence economy and digital intelligent manufacturing", and 5G-A technology has become a hot topic on the first year of commercial use. China has accelerated the deployment of 5G-A and will continue to promote innovation and leadership, accelerate the innovation of next-generation information technologies such as 5G-A, artificial intelligence, and quantum communication, and carry out large-scale commercial use of 5G-A technology in an orderly manner.
As an enhanced version of 5G technology, 5G-A has injected strong impetus into the development of various industries with its excellent speed improvement, lower latency, and wider connection capabilities. At present, China's major operators are accelerating the deployment of 5G-A. This year, the first year of 5G-A commercialization and the first year of AI entry will open the "mobile AI era", which will bring about a revolution in human-computer interaction, and the interaction mode will shift from "touch interaction" to "full-modal interaction", supporting the transformation of natural language, gestures, emotions and other interaction methods. According to the Ministry of Industry and Information Technology, China is systematically deploying 5G-A technology research, standard development and product research and development, and accelerating the deployment of commercial use; Promote 5G-A network coverage in key cities and hotspots based on application scenarios, and accelerate the construction of intelligent computing infrastructure. China is the world's largest 5G market, and the number of 5G connections in China is expected to exceed 1 billion by the end of this year. The 5G market is expected to contribute nearly $260 billion to China's economy by 2030.
Among the A-share companies, you can pay attention to Wuhan Fangu (002194), Xinke Mobile (688387), etc.
3. Pay equal attention to protection and development
The Regulations on the Administration of Rare Earths will come into force on October 1, 2024. The "Regulations" stipulate that equal attention should be paid to the protection of resources and the development and utilization of rare earth resources, and the state shall implement protective mining of rare earth resources. It is clear that the state implements a unified plan for the development of the rare earth industry, and encourages and supports the research and development and application of new technologies, new processes, new products, new materials and new equipment in the rare earth industry. It is stipulated that the total amount of rare earth mining and rare earth smelting and separation shall be regulated and controlled, and dynamic management shall be optimized. Further standardize the comprehensive utilization of rare earths, establish a product traceability system, and strictly manage circulation.
Rare earth is a strategic resource of the mainland, which not only occupies the first place in the world in terms of reserves and output, but also has the production capacity of various products in the whole industry chain. Rare earth has excellent magnetic, optical and electrical properties, and is widely used in many industrial fields. In the future, with the continuous progress of science and technology and the development of emerging industries, the rare earth industry is expected to usher in new development opportunities. For example, the development of new energy vehicles, wind power, robotics and other fields will further increase the demand for rare earth permanent magnet materials; The development of 5G communications, the Internet of Things and other fields will promote the application of rare earths in electronic devices; Developments in aerospace, defense, military, and other fields will increase the demand for high-performance rare earth materials. Especially in the context of a low-carbon economy, magnetic materials, as the cornerstone of energy conservation and environmental protection, have shown broad development prospects.
A-share related concept stocks mainly include China Rare Earth (000831), Northern Rare Earth (600111), etc.
4. New gene editing tools are available to precisely cut targets and insert new DNA sequences
"Gene scissors" CRISPR technology has revolutionized the face of medicine, agriculture and biotechnology. Recently, a team from the School of Life and Environmental Sciences at the University of Sydney in Australia has successfully developed a gene editing tool SeekRNA, which is more accurate and flexible than CRISPR. The tool utilizes programmable RNA strands to directly identify insertion sites in gene sequences, simplifying the editing process and reducing errors.
Gene therapy has grown into a large market of nearly $10 billion per year and continues to grow, in addition to rare disease treatment, the development and application of gene editing technology is also marching into a broader field, such as drug development for cancer, Alzheimer's disease, cardiovascular diseases, gene therapy, etc. In addition, precision medicine has become a national strategy, which has brought a strong catalytic effect to the development of gene editing technology in mainland China.
A-share related concept stocks mainly include Kaineng Health (300272), New Open Source (300109), etc.
5. Enter the growth period of decommissioning and improve the long-term mechanism for the comprehensive utilization of waste batteries
According to reports, the Ministry of Industry and Information Technology recently held a symposium on the comprehensive utilization of waste power batteries for new energy vehicles in Beijing. The participants involved key metal raw material production, power battery production, automobile production, scrapped motor vehicle recycling and dismantling, and waste power battery comprehensive utilization enterprises, and planned to accelerate the promotion and improvement of the long-term mechanism for the comprehensive utilization of waste power batteries.
According to the "Notice on the Promotion and Application of Financial Support Policies for New Energy Vehicles from 2016 to 2020" issued by the Ministry of Finance and other four departments, by 2024, China will usher in the first batch of power batteries "out of insurance", and the number of lithium battery retirements will increase significantly. It is expected that by 2030, the scale of the lithium battery recycling market is expected to exceed 100 billion yuan, with an average annual growth rate of 26%, and the recycling volume of waste lithium batteries will exceed 1 million tons, which is equivalent to about 5 times that of 2022.
A-share related concept stocks mainly include overclocking three (300647), Tianqi shares (002009), etc.
6. The average price of cement in the country has turned positive year-on-year, and the leading enterprises in the industry are expected to benefit
According to the digital cement network, as of June 21, 2024, the average price of cement in China was 393 yuan/ton, up 3.67 yuan/ton month-on-month and 3.16 yuan/ton year-on-year; The national cement shipment rate was 48.33%, down 1.2pct month-on-month and 7.67pct year-on-year. Benefiting from the strengthening of staggered productivity, the overall inventory level slowly declined, and cement prices in South China and Northwest China continued to rise last week, thereby driving the national cement prices to fluctuate upward. In the first quarter of 2024, cement earnings bottomed out, and prices increased actively in the second quarter, and the bottom earnings of core companies were better than those of their peers in the past cycle.
Recently, the National Development and Reform Commission and other five departments on the issuance of the "cement industry energy conservation and carbon reduction special action plan" notice, the cement industry into the carbon trading process is expected to accelerate. At the same time, the recent gradual implementation of price increases in the cement industry is expected to drive the improvement of the industry's profitability and the valuation of the cement industry is expected to be restored. Individual stocks focus on Conch Cement (600585), Tianshan (000877) and so on.
7. Solid-state battery technology continues to break through, and the industrial chain is expected to usher in opportunities
On June 28, at the 2024 Solid-State Battery Industry Ecosystem Entrepreneur Summit held in Suzhou, Jiangsu Province, Yu Qingjiao, Secretary-General of Zhongguancun New Battery Technology Innovation Alliance, said that in recent years, relying on a strong manufacturing foundation of the new energy industry chain, mainland battery companies have made important breakthroughs in solid-state battery technology research and development, industrial chain layout, etc., especially with the mass production and loading of semi-solid-state batteries of Chinese enterprises represented by Weilan New Energy, Qingtao Energy, Ganfeng Lithium Battery, etc. The semi-solid-state battery has truly realized the industrialization in the economic sense.
In addition, the Chinese government plans to invest about 6 billion yuan in the research and development of all-solid-state batteries in the near future, and six leading companies, including CATL and BYD, have received government support for basic research and development. This initiative, the first of its kind in the industry, is led by relevant government ministries and aims to encourage companies to conduct in-depth research and development of all-solid-state battery technology. With the strong support of the government and the active investment of enterprises, the R&D and industrialization process in the field of solid-state batteries in China is accelerating, and related industry chain companies are expected to usher in opportunities.
Among the related companies, Oriental Zirconium (002167) has set up a special technical research and development team to continue to increase the technology research and development and investment in zirconia products used in solid-state battery electrolytes;
TD Optics (002632) aluminum-plastic film can be used in solid-state batteries.
8. The revenue of industrial enterprises continues to rebound and continue to pay attention to high-end equipment manufacturing
The manufacturing purchasing managers' index (PMI) for June released by the National Bureau of Statistics on June 30 was 49.5%, unchanged from the previous month. Judging from the changes in the sub-indexes, the production activities of the mainland's manufacturing industry maintained a steady and increasing momentum in June, with the production index at 50.6%, although it decreased slightly by 0.2 percentage points from the previous month, it still remained in the expansion range. In addition, data released by the National Bureau of Statistics on June 27 showed that the revenue of industrial enterprises continued to rebound. From January to May, the operating income of industrial enterprises above designated size increased by 2.9% year-on-year, 0.3 percentage points faster than that from January to April, and accelerated for two consecutive months. From the perspective of the current month, the operating income of industrial enterprises above designated size increased by 3.8% year-on-year in May, and the growth rate further accelerated by 0.5 percentage points on the basis of turning from decline to increase in April. Corporate revenue continued to recover, providing important support for the recovery of earnings. From January to May, the total profit of industrial enterprises above designated size reached 2,754.38 billion yuan, a year-on-year increase of 3.4%. The equipment manufacturing industry has become an important engine for profit growth.
It is reported that with the in-depth promotion of high-end, intelligent and green manufacturing, the formation of new kinetic energy and new advantages has been accelerated, and the profits of the equipment manufacturing industry have maintained rapid growth, injecting important impetus into the improvement of the efficiency of industrial enterprises. From January to May, the profit of the equipment manufacturing industry increased by 11.5% year-on-year, which was 8.1 percentage points higher than that of the industry above the designated size, and drove the growth of industrial profits above the designated size by 3.6 percentage points.
Combined with the policy to guide a new round of large-scale equipment updates, with the marginal improvement of macroeconomic indicators, the pro-cyclical equipment manufacturing sector represented by general machine tools and tools is expected to start. You can pay attention to Genesis (300083), Yuhuan CNC (002903) and so on.
9. The window for interest rate cuts and RRR cuts is expected to open again to pay attention to high-dividend bank stocks
According to the announcement on the official website of the central bank on June 28, the Monetary Policy Committee of the central bank recently held a regular meeting for the second quarter of 2024. The meeting continued the tone of the regular meeting in the first quarter, pointing out that while the economic operation continued to pick up and improve, it stressed that "it is still facing challenges such as insufficient effective demand and weak social expectations", and then mentioned that "it is necessary to increase the implementation of the monetary policy that has been introduced" to keep the scale of social financing and money supply in line with the expected targets of economic growth and price levels. The market believes that there is still room for interest rate cuts and RRR cuts within the year.
Overseas, the US May PCE released over the weekend showed that inflation decelerated across the board, and the Fed's favorite core inflation measure hit a record low in more than three years, providing strong support for the Fed's interest rate cut expectations in September this year. This also creates space for the introduction of domestic monetary policies such as RRR and interest rate cuts, and easing policies are expected to be positive for bank stocks.
In addition, in the process of market volatility and bottoming, high-dividend strategies continue to prevail. As of June 26, 19 A-share listed banks have distributed cash dividends for 2023, with a total dividend amount of 139.893 billion yuan, of which 8 banks have a dividend ratio of more than 30%. In terms of the situation of major state-owned banks, China Construction Bank, Industrial and Commercial Bank of China, Bank of Communications, Bank of China, and Postal Savings Bank will all hold shareholders' meetings before June 30 to review plans related to profit distribution. According to the previous announcement, the total dividend amount of the six major state-owned banks in 2023 will exceed 410 billion yuan for the first time, hitting a record high. Under the advocacy of the new "National Nine Articles", more small and medium-sized banks may follow suit and promote the implementation of medium-term dividends. Interim dividends are also conducive to investors holding dividend-oriented bank stocks more steadily and for a long time, supporting the continuous rise of stock prices.
In addition, with the continuous development of real estate policies, whether it is the recovery of sales to drive the demand for mortgage loans, or the improvement of banks' risk expectations, it is expected to open up the valuation repair space of the banking sector.
You can pay attention to bank ETFs (159887), Bank of Suzhou (002966), Bank of Nanjing (601009), etc.
10. Apple has newly obtained a landmark patent, and the era of scroll screens may come
Apple has recently been awarded a landmark patent for screen stretching, a technology that promises to revolutionize the display experience for smartphones, tablets, laptops, smartwatches, and possibly the Vision Pro in the future, according to the latest list published by the U.S. Trademark and Patent Office.
At the heart of this patent is a special OLED screen technology that combines the design concept of a rigid pixel island with a flexible screen. Apple describes in detail in the patent document how the screen is constructed: the stretchable part of the screen is made up of sealed rigid pixel islands that are connected to each other by flexible screens, allowing the screen to stretch and expand.
Industry analysts point out that the commercial application of this technology will greatly promote the development of smart devices, especially in the field of wearables and mobile devices. Among related companies, TCL Technology (000100) Huaxing has formed a perfect layout covering full-size panels, launched diversified products covering all scenarios such as mobile phones, tablets, laptops, and vehicles, and released breakthrough cutting-edge products such as the world's first AMOLED "cloud scroll screen" and the world's first printed OLED scroll screen;
Zhaowei Electromechanical (003021) has done technical iteration and product research and development on the scroll screen.
11. The recognition of overseas markets continues to improve Pay attention to the railway infrastructure of Zhongzitou
Recently, the "Fuxing high-speed train" successfully won the special prize of the 2023 National Science and Technology Progress Award. The Fuxing high-speed train has become the EMU train with the highest commercial operation speed and the most abundant operation scenarios in the world. By the end of 2023, China Railway has presided over a total of 65 ISO, ICE and UIC international standard formulation and revision projects, participated in 249 international standard formulation and revision projects, and all 11 system-level international standards in the field of high-speed rail of the International Union of Railways have been formulated by China Railway.
It is also worth noting that China's railway infrastructure is popular overseas. Vietnamese Prime Minister Pham Minh Chinh told Lou Qi Luong, chairman of China Railway Communication and Signal Group, on the sidelines of the World Economic Forum in Dalian, that Vietnam needs China's assistance in railway design, construction and technology transfer, according to a news release released by the Vietnamese government news network on June 25. Pham Minh Chinh also proposed that Chinese companies and the Ministry of Transport and relevant departments of Vietnam cooperate in specific projects, including Lao Cai-Hanoi-Hai Phong in due course; Dong Dang - Hanoi; The construction of three railways, including Mong Cai-Ha Long-Hai Phong, has promoted the cross-border standard gauge railway connection between Vietnam and China, as well as the urban rail transit project in Hanoi and Ho Chi Minh City. In addition to Vietnam, on June 6, the signing ceremony of the trilateral intergovernmental agreement on the China-Kyrgyzstan-Uzbekistan railway project was held in Beijing, and the heads of state of the three countries congratulated the signing of the agreement by video. In May, the Minister of Transport of Slovakia visited China and invited Chinese enterprises to participate in railway and other infrastructure. Slovakia is adjacent to Hungary to the north and south, and the construction of the Hungarian section of the Hungarian-Serbian railway is continuing to advance, which is the first railway project implemented by China in an EU country.
To sum up, we can pay attention to China Railway Construction (601186), China Communications Construction (601800) and other railway infrastructure leaders.
12. Samsung officially announced the development of smart rings in Paris or the first year of the volume
Samsung officially announced that the 2024 Galaxy Unpacked conference will be held in Paris at 21 o'clock on July 10, Beijing time, and the poster reflects the shape of the Eiffel Tower. There is little to no suspense about the new products that Samsung will bring at the launch: the Galaxy Z Fold 6, Z Flip 6, Watch 7 smartwatch, Galaxy Tab S10 tablet, and Galaxy Ring smart ring.
Samsung has already teased the Galaxy Ring at its launch event earlier this year, and at the upcoming Galaxy Unpacked event, Samsung is expected to officially unveil the new wearable device. As a new member of Samsung's family of wearables, Galaxy Ring will focus on health tracking features, including heart rate monitoring, sleep analysis, respiratory rate tracking, and more, to help users better understand their health.
Among the many wearable smart device categories, the track of smart rings is still in the early stage, and after consumer electronics leaders such as Samsung and Apple have entered the game, the smart ring industry is expected to usher in rapid growth, and 2024 is expected to usher in the first year of volume.
Related listed companies, Tianjian shares (301383) private label products such as smart rings have recently begun to be sold on the Jingdong platform;
Guoguang Electric (002045) Lithium-ion batteries are mainly used in wireless headphones, smart audio, wearable devices, electronic cigarettes, drones and other products. Curved refers to electronic products used in wearable devices such as smart rings and smart rings.
13. Data asset trading is becoming more and more active, and concept stocks are expected to attract attention
On June 28, the Shanghai Data Exchange Data Asset Trading Market Press Conference and the Deqing City Data Data Asset Credit Financing Kick-off Conference were held on the Shanghai Data Exchange. Tang Qifeng, general manager of Shanghai Data Exchange, said that the Shanghai Data Exchange explores the construction of a data asset trading market, aiming to promote the linkage development of the data element market and the financial element market, and stimulate the vitality of the value release of data elements. Up to now, there have been more than 2,700 data products listed on the Shanghai Data Exchange, and the transaction volume of data products in 2023 will exceed 1.16 billion yuan, and the transaction amount as of the end of May 2024 will be the same as last year, and the transaction amount is expected to be about 5 billion yuan this year.
In addition, in order to promote the capital Beijing to build a global digital economy benchmark city and help digital finance move forward from "pillars and beams" to "accumulation of momentum", the "2024 Global Digital Economy Conference Digital Finance Forum" will be held on July 3 at the International Conference Center of Beijing Banking and Insurance Industrial Park 300895 301169, Shijingshan District, Beijing.
2. Company information
1. LUCKY Technology: Supply battery lower box assembly and liquid cold plate and other products for the head flying car manufacturers
LUCKY Technology (002965) said in an institutional survey that the company's subsidiary received a fixed-point development notice for the flying car project of a leading domestic flying car manufacturer in May 2024, and determined that the company would supply it with products such as battery box assembly and liquid cold plate. The company's project designation from the customer reflects the customer's recognition of the company's R&D technology, production capacity and product quality, which is conducive to further consolidating and improving the company's market competitiveness. At the same time, the company is also actively carrying out early R&D cooperation with other domestic manufacturers related to the low-altitude economy.
2. Yachuang Electronics: It has been shipped in automatic driving and assisted driving
Yachuang Electronics (301099) said in an institutional survey that with the development of intelligent driving technology, the requirements for intelligent and networked vehicles have gradually increased, and the company's products have been deployed in many fields such as automotive domain control, lidar, millimeter wave radar, camera and automotive wire-controlled chassis, and have been shipped in automatic driving and assisted driving.
3. Company announcement
Jishi Media (601929) announced on the evening of June 30 that the company intends to carry out asset replacement with the controlling shareholder Jilin Radio and Television Station, and the assets are 100% of the equity of Sanya Yuecheng Investment Co., Ltd. held by the company, and the IPTV-related assets under the controlling shareholder Jilin Radio and Television Station are placed assets; According to preliminary estimates, the proposed assets to be placed and sold in this transaction are about 700 million yuan, and the difference is made up by cash; This transaction will enable the company to divest inefficient assets from non-core businesses and improve the efficiency of asset operation; Inject IPTV high-quality assets to promote the company's business to focus on upgrading.
The Dubai branch of Energy Conservation Tiehan (300197) signed a contract with the owner MAG of Life FZ-LLC, with a contract amount of 2.822 billion UAE dirhams, equivalent to about 5.583 billion yuan. The contract amount accounts for 393.72% of the company's operating income of 1.418 billion yuan in 2023.
Kaizhong Precision (002823) was designated as a project by a leading well-known car company in Europe, with a total sales amount of about 1.35 billion yuan.
Thundersoft (300496) said on the interactive platform that the company is a full-stack product and technology provider in the AIPC industry, and maintains very close cooperation with Microsoft and Qualcomm. In addition, the company has also established cooperation with mainstream PC manufacturers in the AIPC ecosystem.
Yatai Group (600881): Changchun State-owned Assets Supervision and Administration Commission designated Changfa Group to increase its shareholding in the company with 150 million yuan to 300 million yuan.
DunAn Environment (002011) plans to acquire 62.95% of the shares of Shanghai Dachuang Automotive Technology Co., Ltd. for 215 million yuan and increase its capital.
AGS (688581) plans to invest 360 million yuan in the construction of high-end diagnosis and treatment equipment project of Hang'an Medical Technology (Hangzhou) Co., Ltd.
Zijin Mining (601899) has a total of 18.377 million tons of newly registered copper resources and 5.777 million tons of newly registered copper metal reserves, accounting for about 14.2% of China's copper reserves at the end of 2022, marking the company's major achievements in a new round of strategic actions for mineral prospecting breakthroughs in mainland China.
Accelink (002281) said on the interactive platform that the company's 1.6T optical modules are currently in the process of sample testing and verification, and 800G optical modules have been shipped in batches.
Foshan Lighting (000541) said that the company is a supplier of lighting equipment for the Shenzhen-Zhongshan Channel
Jointown (600998) plans to launch the Pre-REITs project of pharmaceutical logistics warehousing assets.
A subsidiary of Saurer Intelligent (600545) signed a sales contract of approximately 1.011 billion yuan.
A subsidiary of Guosheng Technology (603778) signed a contract of 749 million yuan for photovoltaic modules.
Hengxin Oriental (300081) won the bid of 406 million yuan for the Pingtan Cross-Strait Integrated Intelligent Computing Center Project (Phase I).
The holding subsidiary of Wall Nuclear Materials (002130) plans to increase its capital by 200 million yuan to its subsidiaries.
Julong Copper, a shareholding company of Zangge Mining (000408), added 14.726 million tons of copper metal resources.
4. Subscription of new shares
Qiao Feng Intelligent (301603): Subscription code: 301603, the issue price is 26.50 yuan / share, and the issue price-earnings ratio is 19.96 times. The company is mainly engaged in R&D, production and sales of CNC machine tools. Comparable: Yum Intelligences (301083).
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【Disclaimer】
The information in this information is mainly derived from public information such as Times Wealth Information, CSI Express, SSE Early Know, etc., and this number does not make any guarantee for the accuracy and completeness of these information. The content and opinions expressed in the information are for informational purposes only and do not constitute investment advice for the trading of the securities described. The stock market is risky, please analyze and invest rationally!