The market is a world of money, awash with all kinds of human behavior. No one knows for sure what will happen in the future. Note: No one! The reason for this is that successful investors do not make orders based on their own speculation about the future, but rather on the market's reaction to events that have already occurred.
Last:2886.74;Chg:-15.21;Chg:-0.52%; Volume: 275 million lots, Turnover: 273.3 billion, Turnover Rate: 0.60%.
Leading the industry
1. Photovoltaic equipment: increase: 3.34%; Increases: 69; Decline: 6; Leading stocks: Oujing Technology; Increase: 10.01%.
2. Railways and highways: increase: 3.34%; Up: 22; Decline: 3; Leading stocks: Fulin Transportation; Increase: 10.00%.
| name | Latest | Increase% | Change |
| Shanghai | 2886.74 | -0.52 | -15.21 |
| SZSE Component Index | 8474.7 | -0.22 | -18.39 |
| GEM refers to | 1644.45 | -0.39 | -6.46 |
| BSE 50 | 697.31 | 0.49 | 3.39 |
| Science and Technology 50 | 713.88 | 0.08 | 0.56 |
| CSI 300 | 3399.27 | -0.55 | -18.9 |
| CNI 2000 | 5717.21 | 0.23 | 12.95 |
| CSI 1000 | 4632.57 | 0.03 | 1.56 |
| The average share price of A shares | 15 | 0.2 | 0.03 |
| Large-cap value | 7145.85 | -0.74 | -53.24 |
| Small-cap growth | 3717.11 | -0.02 | -0.64 |
| Hang Seng Index | 17004.97 | -1.77 | -306.08 |
| Taiwan weighting | Suspension | ||
| Dow jones | 39935.07 | 0.2 | 81.2 |
| Nasdaq | 17181.72 | -0.93 | -160.69 |
| United Kingdom FTSE 100 | 8186.35 | 0.4 | 32.66 |
| Germany DAX30 | 18298.72 | -0.48 | -88.74 |
| France CAC40 | 7427.02 | -1.15 | -86.71 |
| SENSEX, Mumbai, India | 80039.8 | -0.14 | -109.08 |
| Russia RTS | 1121.76 | 0.99 | 10.99 |
| Nikkei 225 | 37869.51 | -3.28 | -1285.34 |
| KOSPI, Korea | 2710.93 | -1.74 | -47.89 |
| COMEX Gold | 2363.4 | -2.17 | -52.3 |
| NYMEX Crude Oil | 78.35 | 0.98 | 0.76 |
| Rebar main connection | 3388 | 1.16 | 39 |
| A50 period refers to the current month consecutive | 11888 | -0.08 | -9 |
| USD-RMB mid-parity | 7.1321 | -0.05 | -0.0037 |
| USDCNH | 7.2428 | 0.04 | 0.003 |
First, the market panorama
1. Overview:
On July 25, the stock indexes fluctuated after opening low, with the Shanghai Composite Index falling 0.52% to 2,886.74 points, the Shenzhen Component Index falling 0.22% to 8,474.7 points, the ChiNext Index falling 0.39% to 1,644.45 points, and the STAR 50 Index rising 0.08% to 713.88 points. The total turnover of the Shanghai and Shenzhen markets was 588.635 billion yuan, a decrease of 38.6 billion yuan from the previous day. More than 3,400 stocks rose in the two cities. In terms of plate themes, intelligent transportation, photovoltaic wind power, securities, and automobile sectors are among the top gainers; Non-ferrous metals, consumer electronics, DRG/DIP, banks, and coal sectors were among the top decliners.
2. Trading Water Temperature: Divergence
3. Money-making effect: general
4.A50 performance
A50 refers to 11888 consecutive (yesterday: 11976) for the month, an increase of -0.08% (yesterday: -0.08%), and a change of -9 (yesterday: -10) (closing data at 5:14 am on July 26, 2024).
5. Ups and downs
A total of 3,211 (yesterday: 767) stocks rose, 1,648 (yesterday: 4,230) stocks fell, 224 (yesterday: 88) stocks were flat, and 23 (yesterday: 22) stocks were suspended. Excluding the new stocks listed on the same day, there are 59 (yesterday: 51) stocks with a daily limit, and 9 (yesterday: 34) stocks with a downward limit.
(The data sources are inconsistent, for analysis reference only)
6. Transaction Amount
Opening turnover: 18.67 (yesterday: 1.977) billion yuan on the Shanghai Stock Exchange, 25.34 (2.655 billion yuan on the Shenzhen Stock Exchange), 12.74 (1.353 billion yuan on the Shanghai Stock Exchange), 12.74 billion yuan (1.353 billion yuan yesterday).
The total turnover of the Shanghai and Shenzhen stock exchanges was 588.635 (yesterday: 627.213) billion yuan, the Shanghai Stock Exchange 2732.82 (yesterday: 288.660) billion yuan, the Shenzhen Stock Exchange 315.353 (yesterday: 338.553) billion yuan, and the venture 1490.55 (yesterday: 160.537) billion yuan.
7. Continuous daily limit
Stocks: *ST Jingfeng (Chemical Pharmaceutical) (17) *ST Zhongrun (Precious Metals) (8) Guozhong Water (Public Utilities) (4) ST Zhongzhuang (Decoration & Decoration) (4) Tengda Technology (General Equipment) (4) Shentong Metro (Railway & Highway) (3) Fudan Fuhua (Comprehensive Industry) (3) ST Panda (Chemicals) (3) Xiangming Intelligent (Motor) (3) Zhongqi New Materials (Decoration & Decoration) (3) ST Dongshi (Automobile Service) (2) Lekai Film (Plastic Products) (2)* ST Furun (Internet Service) (2) Shaoyang Hydraulics (General Equipment) (2) *ST Longjin (Traditional Chinese Medicine) (2) *ST Gongzhi (Special Equipment) (2).
High-bid stocks: *ST Jingfeng has closed 16 daily limits in a row:
*ST Jingfeng (000908): Pre-reorganization + ST plate announced on July 3 that *ST Jingfeng received the "Decision Letter" made by the Changde Intermediate People's Court on the same day, and the Changde Intermediate Court decided to start a pre-reorganization of *ST Jingfeng. The pre-reorganization is a procedure before the court formally accepts the reorganization, and does not mean that the court formally accepts the applicant's application for reorganization. *ST Jingfeng was applied for by creditors to start the pre-reorganization procedure on April 22 this year.
High-bid stocks: Guozhong Water has closed 4 daily limits in a row:
Guozhong Water (600187): Plans to hold Beijing Huiyuan + sewage treatment + environmental protection + low-priced micro-cap stocks 1, July 22 evening, Guozhong Water announced that the company intends to pay cash to acquire Zhuji Wenshenghui own capital investment Co., Ltd. held by Shanghai Yongrui Enterprise Management Partnership (Limited Partnership) not less than 232 million yuan of registered capital, after the completion of the acquisition, the company will hold a total of Zhuji Wenshenghui registered capital of not less than 816 million yuan, accounting for no less than 51% of the registered capital of the target company , thus becoming the controlling shareholder of Zhuji Wenshenghui and the controlling shareholder of Beijing Huiyuan Food and Beverage Co., Ltd. 2. The company's main business is sewage treatment business and environmental protection engineering technical service business. The main products and services are tap water sales, sewage treatment, engineering and technical consulting services, heating, etc. 3. According to the company's official website, the company's energy storage product H0-650 heat storage uses the most cutting-edge technology such as original high-density and high-stability phase inorganic nanocomposite phase change materials, and the energy density is equivalent to that of power lithium batteries, with a cycle life of more than 50 years. Application direction: use H0-650 heat storage to build valley electric heating system. The heat generated by the atmospheric electric boiler is stored in the heat storage during the trough period of electricity prices at night; During peak or flat power periods, the heat of the heat storage is used to ensure heat supply without turning on the boiler and only turning on the system circulating pump, which greatly saves costs. 4. The company's share price is less than 2 yuan, and the market value is less than 3 billion, which is a low-priced micro-cap stock.
High-priced stocks: Tengda Technology has closed 4 daily limits in a row:
Tengda Technology (001379): Commercial Aerospace + Stainless Steel + Photovoltaic + Export + New 1, the company's listing date is 2024-01-19, and its main business is the research and development, production and sales of stainless steel fastener products. 2. On February 29, the company's products are mainly stainless steel fasteners, of which high-temperature alloy and special alloy fastener products are used in aerospace engineering. 3. June 27 interaction: In the field of photovoltaic power generation, fasteners are required for the fixing and connection of photovoltaic modules and photovoltaic brackets. The company's products can be used in the field of photovoltaic and photovoltaic brackets. 4. The company mainly sells to exports, mainly to Germany, Italy and other European countries or regions and Japan and other Asian countries or regions.
8. Concentration of daily limits
Sectors with a high concentration of daily limit stocks: railways and highways, general equipment, decoration and decoration, automobiles, real estate development, photovoltaic equipment, Internet services, chemicals, computer equipment, transportation equipment, auto parts, plastic products, securities, traditional Chinese medicine, and comprehensive industries.
9. Limit and seal orders
The top 13 in the amount of daily limit orders (yuan): King Long Automobile (unmanned + Baidu + Internet of Vehicles + bus) (155 million), Zhongqi New Materials (artificial quartz stone + photovoltaic) (152 million), public transportation (online car-hailing + transportation + data center) (138 million), Yanao shares (rail transit + unmanned) (103 million), Guozhong Water (to hold Beijing Huiyuan + sewage treatment + environmental protection + low-priced micro-cap stocks) (101 million), Guosheng Financial Holding (securities +It is planned to absorb and merge Guosheng Securities + Jiangxi State-owned Assets) (88.5337 million), Xingwang Yuda (unmanned + satellite navigation + Baidu) (81.8843 million), Runbei Hangke (commercial aerospace + service-oriented aviation materials distributor + large aircraft + aviation chemicals) (76.9681 million), Shentong Metro (transportation + unmanned driving + photovoltaic building integration + charging pile + Shanghai state-owned assets) (74.3654 million), Jinlong shares (securities + computing power leasing +Dongguan Securities IPO has resumed review + proposed transfer of Zhongshan Securities equity) (70.5965 million), Foster (photovoltaic + BC battery + PCB consumables) (64.1975 million), Yuyin shares (financial services + industrial park operation + digital currency) (61.4597 million), Power Xinke (unmanned driving + battery swap + diesel engine + Shanghai state-owned assets) (54.3848 million).
10. Limit time
The top 10 in terms of daily limit time: Guozhong Water (plans to hold Beijing Huiyuan + sewage treatment + environmental protection + low-priced micro-cap stocks), Yuyin shares (financial services + industrial park operation + digital currency), Youboxun (mobile payment + Huawei Hongmeng + Huawei Hisilicon + chips), Fulin Transportation (online car-hailing + Internet of vehicles + automobile passenger service + satellite navigation), Jiangxi Changyun (taxi business + site bus + tourist passenger transport + photovoltaic + semi-annual report is expected to turn around), Shentong Metro (transportation + unmanned driving + photovoltaic building integration +Charging pile + Shanghai state-owned assets), King Long Automobile (unmanned driving + Baidu + Internet of vehicles + bus), Minglida (precision structural parts + photovoltaic + integrated die-casting + convertible bonds), Yanao shares (rail transit + unmanned driving), Rendong Holdings (cross-border payment + digital currency + pre-reorganization).
11. Main funds
The main funds of Shanghai and Shenzhen have a net outflow of 9.568 billion yuan today (yesterday: net outflow of 19.712 billion yuan). Among them, the net outflow of main funds of the Growth Enterprise Market was 2.836 billion yuan, the net outflow of the main funds of the CSI 300 constituent stocks was 5.12 billion yuan, and the net outflow of the main funds of the Science and Technology Innovation Board was 139 million yuan.
Today, there are 8 industries with a net inflow of main funds, of which the power equipment industry has the largest net inflow, with a net inflow of 1.262 billion yuan, and the net inflow of the industry's main funds is also in the top of non-bank finance and automobiles, with a net inflow of 471 million yuan and 431 million yuan respectively. The main funds of 23 industries showed a net outflow, of which the electronics industry had the largest net outflow of main funds, with a net outflow of 3.116 billion yuan, and the top net outflows of the main funds of the industry were non-ferrous metals, communications, banks, national defense and military industry, and medicine and biology, with net outflows of 1.288 billion yuan, 1.273 billion yuan, 1.177 billion yuan, 711 million yuan, and 707 million yuan respectively.
Today, 2,002 stocks received a net inflow of main funds, of which 11 shares received a net inflow of more than 100 million yuan. Changan Automobile has the largest net inflow of main funds, with a net inflow of 343 million yuan, and the top stocks with net inflows of main funds include Zongshen Power, Guosheng Financial Holdings, Three Gorges Energy, Zhongtian Technology and Foster, with net inflows of 325 million yuan, 208 million yuan, 161 million yuan, 151 million yuan and 145 million yuan respectively.
In addition, 3,014 stocks were net sold by the main funds, of which 26 shares were sold by the main funds for more than 100 million yuan. The stocks with the largest net outflow of main funds are Xin Yisheng, with a net outflow of 462 million yuan, and the top stocks with net outflow of main funds are CNOOC, China Shipbuilding, Minsheng Bank, Zhongji Innolight, and Inspur Information, with net outflows of 351 million yuan, 346 million yuan, 295 million yuan, 271 million yuan, and 262 million yuan respectively.
12. Dragon and Tiger List
Today, the total net sale of institutional seat funds is about 315 million yuan (yesterday: net sale of about 70.9449 million yuan). Among them, 6 stocks were net buyers and 9 stocks were net sellers.
Top 10 Net Purchases (Industry Sector) (Purchase Amount, 10,000 Yuan): Guosheng Financial Holding (Securities) (5274.97), Zongshen Power (General Equipment) (4777.91), Jinlong Shares (Securities) (4609.33), Jiangxi Changyun (Highway and Railway Transportation) (3643.46), Xingwang Yuda (Military Equipment) (3256.56), Youboxun (Computer Equipment) (2680.43), Fudan Fuhua (Chemical Pharmaceutical) (1440.26), Haima Automobile (complete vehicle) (1364.14), Guozhong Water (Environmental Governance) (1295.54), Shuangyi Technology (Wind Power Equipment) (1257.95) (Yesterday (yuan): High-tech Development (Building Decoration) (201 million), Shuangle shares (chemicals) (63.7627 million), Public Transportation (highway and railway transportation) (51.0368 million), Qiming Information (IT services) (45.9337 million), Jin Xinnuo (military electronics) (44.0145 million), King Long Automobile (complete automobiles) (37.0377 million), Sega Technology (communication equipment) (36.3056 million), Shentong Metro (highway and railway transportation) (28.2765 million), Kaikai Industry (pharmaceutical business) (27.3927 million), Jingyan Technology (consumer electronics) (26.4257 million)).
Top 10 net purchases of institutional seats (industry sectors) (purchase amount, 10,000 yuan): Guosheng Financial Holding (securities) (1748.78), Haima Automobile (complete automobiles) (1729.32), Jinlong shares (securities) (520.90), Dengyun shares (auto parts) (273.85), Zhongtian hardcover (building decoration) (179.05), Weitai (general equipment) (148.90), Fusit (construction machinery) (-145.12), Xingwang Yuda (military equipment) (-319.99), survey and construction shares (building decoration) (-560.45), Zongshen Power (general equipment) (-896.18) (yesterday (yuan): high-tech development (building decoration) (111 million), Shuangle shares (chemicals) (54.6689 million), Xingwang Yuda (military equipment) (9.9653 million), Xinqianglian (wind power equipment) (9.9057 million), Sega Technology (communication equipment) (9.0181 million), Jinlong shares (securities) (6.5664 million), exploration shares (building decoration) (6.2257 million), Zhongqi New Materials (building materials) (2.7329 million), Dalian Friendship (retail) (20,000), Kai Wit (semiconductor) (-3,468,200)).
The largest net selling stock by institutions is High-tech Development, with a net selling amount of about 141 million yuan, and the top net selling stocks by institutions are Shengda Resources and Fuxing Shares.
Guosheng Financial Holding has a daily limit today. One institution appeared on the list of dragons and tigers, with a net purchase of 17.4878 million yuan, Huaxin Securities Co., Ltd. Shanghai Branch bought 24.136 million yuan and sold 132,900 yuan at the same time, and Shanghai Internet Securities Branch of Guojin Securities Co., Ltd. bought 413,100 yuan and sold 7.1805 million yuan at the same time.
13. Northbound funds
On July 25, the turnover of northbound funds today was 107.094 billion yuan (yesterday's turnover was 108.042 billion yuan), and the net selling volume was 6.582 billion yuan (yesterday's turnover was 2.276 billion yuan), which was a net sale for 3 consecutive trading days. Among them, the Shanghai Stock Connect net sold 4.486 billion yuan, and the Shenzhen Stock Connect net sold 2.096 billion yuan.
Northbound funds bought more net today, including Zijin Mining, Xin Yisheng, and Dongshan Precision, with net purchases of 546 million yuan, 224 million yuan, and 187 million yuan respectively. Kweichow Moutai, CATL, Industrial and Commercial Bank of China, Fortune Federation of Industry, and Yangtze River Power were the most net sellers of northbound funds, with net sales of 846 million yuan, 644 million yuan, 333 million yuan, 330 million yuan, and 324 million yuan respectively.
14. Margin Trading
Margin financing and securities lending: On July 24, the financing balance was 1,409.3 billion yuan (1,411.9 billion yuan the day before), the net financing purchase was -2.519 billion yuan (the day before -2.651 billion yuan), the balance of securities lending and borrowing was 25.59 billion yuan (the day before was 26.05 billion yuan), and the net sale of securities lending and borrowing was -86 million shares (-111 million shares the day before).
The top 10 net buying sectors (yuan): medical equipment (124 million), food and beverage (123 million), coal industry (105 million), logistics industry (89.8781 million), home appliance industry (82.6579 million), rubber products (75.609 million), traditional Chinese medicine (73.4944 million), railway and highway (49.6991 million), auto parts (42.3396 million), biological products (37.5343 million).
The top 10 stocks (yuan) in net financing purchases: Kweichow Moutai (103 million), 300ETF (88.22 million), CNOOC (80.26 million), PetroChina (77.65 million), Beijing-Shanghai high-speed railway (64.79 million), Sugon (60.93 million), Cambrian (60.59 million), Minsheng Bank (52.17 million), 500ETF (50.03 million), 50ETF (41.86 million).
15. Summary of stocks with year-on-year index earnings
1399 stocks (yesterday: 436) with a profit of 1%-3%, accounting for 30.84% (yesterday: 9.61%); 156 stocks with a profit of 3%-5% (yesterday: 133), accounting for 3.44% (yesterday: 2.93%); There were 128 stocks with a profit of 5% or more (yesterday: 123), accounting for 2.82% (yesterday: 2.71%).
16. Heavyweight stock performance on the day
Intelligent transportation concept stocks continued to rise in the afternoon, Haima Automobile, Jinjiang Online, Fulin Transportation, Volkswagen Transportation, etc., Longjiang Transportation, Electroacoustic Shares, Haiqi Group, etc. were among the top gainers. Photovoltaic concept stocks rose sharply in early trading, with Follett, Oujing Technology, Foster, etc., and many stocks such as Yuneng Technology, Hoymiles, Ancai Hi-Tech, and Tongling Shares rose sharply. The non-ferrous metal sector fell the first today, Shengda Resources fell more than 9%, Zijin Mining, Hunan Silver, Huayu Mining, etc. fell more than 5%, and Western Mining, Tin Industry Co., Ltd., and Silver Nonferrous Metals followed suit. Copper cable high-speed connection concept stocks failed to continue yesterday's rally, today's collective adjustment, Shenyu shares fell more than 8%, Shenglan shares, Huafeng Technology, Wall Nuclear Materials, etc. all fell (yesterday: the afternoon index maintained a volatile finish, the Shanghai Index repeatedly fought around 2900 points. Intelligent transportation and unmanned driving concept stocks performed sluggishly throughout the day, Tianmai Technology and Xiongdi Technology fell by more than 10%, Longjiang Transportation, Nanjing Public Utilities, and Jinjiang Online fell to the limit, and many stocks such as Haima Automobile, Lifang Holdings, and Fulin Transportation fell sharply. The wind power sector performed actively today, Feiwo Technology 20cm closed the daily limit, and Xinqianglian, Yunda shares, Jinlei shares, electric wind power and other stocks were among the top gainers. In addition, the copper cable high-speed connection and military equipment sector also performed higher in early trading).
17. Exponential Contribution
Top 10 Shanghai Index Contribution (Contribution Value) (Increase): Three Gorges Energy (0.32) (3.59%) Chinese Life (0.24) (0.59%) Foster (0.23) (9.97%) Transsion Holdings (0.22) (4.03%) Follett (0.21) (10.03%) JinkoSolar (0.21) (4.56%) China Duty Free (0.20) (2.39%) Beijing-Shanghai High-speed Railway (0.19) (1.04% Loongson Zhongke (0.18) (7.49%) Zhongtian Technology (0.16) (5.20%) (Yesterday: Sinopec (1.46) (3.58%) Industrial and Commercial Bank of China (0.88) (0.83%) China Shenhua (0.75) (1.70%) Agricultural Bank of China (0.62) (0.63%) China Nuclear Power (0.59) (4.10%) Yangtze Power (0.59) (1.21%) PetroChina (0.53) (0.53% China State Construction (0.41) (2.76%), China Telecom (0.40) (1.27%), Cambrian (0.35) (5.15%)).
Top 10 Contribution Values (Contributions) (Gains) of SZSE Index: CATL (3.33) (0.76%), Changan Automobile (2.31) (3.64%), Oriental Fortune (1.50) (1.28%), Gree Electric Appliances (0.94) (0.62%), JA Solar Technology (0.91) (5.43%), Tianqi Lithium (0.91) (3.53%), TCL Zhonghuan (0.79) (3.61%), Focus Media (0.74) (1.41% Goldwind Technology (0.74) (5.13%) Aier Ophthalmology (0.72) (1.78%) (Yesterday: China General Nuclear Power Corporation (1.61) (5.04%) Victory Giant Technology (0.70) (3.26%) Tianfu Communication (0.59) (2.29%) Xingrong Environment (0.55) (5.98%) Xinqianglian (0.54) (20.00%) Wanneng Power (0.46) (5.70%) Aerospace Electric (0.44) (3.93% Triangle Defense (0.42) (4.50%), AVIC Optoelectronics (0.41) (1.05%), AVIC West (0.36) (1.20%)).
18. Agency Ratings
The top 10 original ratings of the latest research institutions: Tuopu Group, Satellite Chemical, Weir Shares, Xinqi Micro Packaging, Jiayi Shares, Supor, Azure Lithium Core, Sichuan Road and Bridge, Lihua Shares, Fuxin Technology.
19. Institutional research
The top 10 latest research institutions: Tiannai Technology, Zelgen Pharmaceutical, Yongshuntai, Const, Yuhuan CNC, Youfa Group, Alter, Chengtou Holdings, Guojian Group, Tongyizhong.
20. Company Buyback
The top 10 companies repurchased the latest companies: Urban Construction Development, Shanying International, East Sunshine, Babi Food, Lutianhua, Jieshun Technology, Jingxing Paper, Bei Easy, Xidian New Energy, Bozhong Seiko.
21. Shareholder reduction
The top 10 shareholders of the latest company announcement are "Gongchuang Lawn", Xianle Health, Pawa Shares, Yinglian Shares, Hongye Futures, United Imaging Medical, Jiaozuo Wanfang, Higer Communications, Dagang Holdings, and Zhengyuan Dixin.
22. Popularity list
The top 20 stocks on the popularity list (ranked at 21:00 on July 25, 2024): Volkswagen Transportation, King Long Automobile, Zongshen Power, Shanghai Belling, Jinjiang Online, CITIC Securities, Guosheng Financial Holdings, Qiming Information, Shentong Metro, Shuangyi Technology, Jinlong Co., Ltd., Haima Automobile, Changan Automobile, Xiangming Intelligence, High-tech Development, Guozhong Water, BAIC Blue Valley, Xingwang Yuda, Fudan Fuhua, and Power Xinke.
23. New sections
New Straight Flush Concept Indices during the year: Controlled Nuclear Fusion (886065) (2024.1.2), Flying Car (eVTOL) (886066) (2024.1.11), Low-altitude Economy (886067) (2024.1.25), Sora Concept (Wensheng Video) (886068) (2024.2.19), Humanoid Robot (886069) (2024.2.27), AI Mobile Phone (886069) (2024.3.4), AI PC Concept (886071) (2024.3.5), High Dividend Selection (886072) (2023.12.29), Copper Backplane Connection (886073) (2024.3.20), AI Corpus (886074) (2024.3.28), Straight Flush Overseas 50 (886075) (2024.4.8), Military Informatization (886076) (2024.4.23), Synthetic Biology (886077) (2024.4.30), Commercial Aerospace (886078) (2024.5.29), 2024 Interim Report Forecast (886079) (2024.6.26), Finance and Taxation Digitalization (886080) (2024.7.2), Vitamins (886081) (2024.7.3), Straight Flush Index (886082) (2024.7.11).
24. Hotspot & Main Line:
(1) Main line: None
(2) Hot spots:
Category 1 Hot Spots: None
Category 2 hot spots: None
Rotation hotspots: electric power, power grid equipment, wind power equipment, photovoltaic equipment, commercial department stores, special valuation, big finance, diversified finance, fiscal and tax digitalization, real estate, innovative drugs, CRO, Kete valuation, industrial machine tools, PEEK materials, media, communication equipment, automotive sector, unmanned driving, solid-state batteries, national defense and military industry, commercial aerospace, precious metals, non-ferrous metals, AI, brain-computer interfaces, humanoid robots, memory chips, copper high-speed connection, PET copper foil, semiconductors, consumer electronics, electronic components, lithography machinesAquaculture.
25. Money-making effect tags
Ride-hailing, wind power equipment, photovoltaic equipment (yesterday: wind power equipment, copper high-speed connection, liquid-cooled servers).
26. Today's hot performance
The top 30 industries with hot spots: online car-hailing, photovoltaic equipment, wind power equipment, POE film, road and rail transportation, low-emissivity glass (Low-E), BC battery, rail transit equipment, Pinduoduo concept, silicon energy, motors, automobiles, securities, PEEK materials, diversified finance, building materials, energy metals, batteries, culture media, integrated die-casting, Shanghai state-owned enterprise reform, automobile services and others, carbon fiber, noise prevention, solid-state batteries, games, futures concepts, Beijing Stock Exchange concepts, commercial aerospace, Glyphosate (yesterday: wind power equipment, copper cable high-speed connection, precious metals, domestic aircraft carriers, Qinghai, construction machinery, China shipbuilding system, commercial aerospace, offshore equipment, military equipment, electric power, liquid-cooled servers, 6G concept, pharmaceutical business, combustible ice, Flush in the special estimate 100, banks, pumped storage).
The top 30 industries in the hot spots: precious metals, DRG/DIP, copper high-speed connection, metal lead, China shipbuilding system, metal zinc, straight flush fruit index, AI mobile phone, component, AI PC, co-packaged optics (CPO), gold concept, family doctor, scarce resources, other electronics, consumer electronics, industrial metals, pharmaceutical business, semiconductors, lithography machines, coal mining and processing, banks, straight flush to sea 50, national large fund holdings, F5G concept, domestic aircraft carriers, advanced packaging, metal copper, communication equipment, small metal (yesterday: online car-hailing, automobiles, lithography machines, car dismantling concepts, tourism and hotels, rail transit equipment, software development, outdoor economy, car services and others, intelligent cockpits, cloud games, medical services, genetically modified, science and technology new stocks, auto parts, kitchen and bathroom appliances, hyperbaric oxygen chamber, unmanned driving, Hainan Free Trade Zone, games, Xiaomi automobiles, Internet e-commerce, Hainan, brain-computer interface, Baidu concept, Internet of vehicles (vehicle-road coordination), Changan Automobile concept, tire pressure monitoring, integrated die-casting, pork).
Second, the subject matter is hot
1. Photovoltaic stocks strengthened, with auxiliary materials such as adhesive film and glass leading the rise, and more than 10 shares such as Follett, Oujing Technology, and Qingyuan Shares rose to the limit.
2. The concept of low-altitude economy rebounded, Zongshen Power, Shuangyi Technology, Jianxin Shares, Jindun Shares, Shanggong Shenbei, Rice Information, Lihang Technology, etc. followed up.
3. Online car-hailing concept stocks rose, Fulin Transportation, Jinjiang Online, etc., Yongan Xing, Lifang Holdings, Xiongdi Technology, Volkswagen Transportation, Haima Automobile, Tianmai Technology, etc. followed up.
4. Gold concept stocks collectively fell, with Zijin Mining, CICC Gold, China Molybdenum, Hunan Gold, Xiaocheng Technology, Shengda Resources, Huayu Mining, and Yulong shares falling by more than 5%.
3. Summary of important events at home and abroad
(1) Macroeconomic policies
1. The National Development and Reform Commission and the Ministry of Finance: issued the "Several Measures on Supporting Large-scale Equipment Renewal and Trade-in of Consumer Goods". Optimize the support methods for equipment renewal projects, support the scrapping and renewal of old operating ships, support the scrapping and renewal of old operating trucks, improve the subsidy standards for scrapping and updating agricultural machinery, increase the subsidy standards for new energy buses and power batteries, increase the proportion of financial discounts for equipment renewal loans, support local governments to improve the ability to trade in consumer goods, improve the subsidy standards for scrapping and updating automobiles, support the trade-in of household appliances, and implement financial support policies for the recycling and disposal of waste electrical and electronic products.
2. On July 25, the "Three-Year Action Plan for the Integrated Development of the Yangtze River Delta Region (2024-2026)" was released, which put forward 165 key tasks from nine aspects, including strengthening cross-regional coordination of scientific and technological innovation and industrial innovation, and accelerating the improvement of the integrated development system and mechanism, to promote the integrated development of the Yangtze River Delta to achieve new major breakthroughs.
(2) Domestic economy
outline
(3) The international situation
1. On July 25, the three major U.S. stock indexes closed mixed, with the Dow up 0.2%, the S&P 500 down 0.51%, and the Nasdaq down 0.93%. Most of the large technology stocks fell, Google fell more than 3%, Microsoft fell more than 2%, Meta, Nvidia fell more than 1%, Apple, Netflix, Amazon fell slightly; Tesla rose about 2%. Ford fell more than 18%, its biggest one-day drop since 2008. Concentra Group, an occupational health service provider, broke on the first day of its United States IPO, falling more than 4%. ServiceNOW rose more than 13% to a record closing high. Popular Chinese concept stocks were mixed, with the Nasdaq China Golden Dragon Index down 0.68%. JD.com rose more than 2%, Xiaopeng Motors, Li Auto, iQiyi, and NetEase rose more than 1%, and Bilibili and Vipshop rose slightly. New Oriental fell more than 5%, Tencent Music, Pinduoduo, and Baidu fell more than 1%, and Futu Holdings, Alibaba, Weilai, Weibo, and Full Bang fell slightly.
2. The preliminary value of the seasonally adjusted quarter-on-quarter annualized rate of GDP in the second quarter of United States was 2.8%, estimated at 2.0%, and the previous value was 1.4%; The preliminary annualized quarterly rate of the core PCE price index was 2.9%, the estimate was 2.7%, and the previous value was 3.7%; The preliminary annualized rate of personal consumption expenditure was 2.3% after seasonal adjustment, estimated at 2.0%, and the previous value was 1.5%; Durable goods orders fell 6.6% month-on-month in June, with an estimated increase of 0.3% and a previous increase of 0.1%; The number of initial jobless claims last week was 235,000, with an estimate of 238,000 and a previous reading of 243,000. Interest rate futures continue to price in bets that the Fed will begin cutting rates in September, with rate cuts expected at every meeting for the remainder of 2024.
3. After trading on Wednesday Eastern time, Ford Motor announced its financial results for the second quarter of this year. In the second quarter, Ford's revenue was $47.8 billion, a year-on-year increase of 6.2%; Adjusted EBIT was $2.8 billion, down 26.3% year-over-year, compared with analysts' expectations of a 1.8% year-over-year decline to $3.73 billion. Adjusted earnings per share (EPS) for the second quarter came in at $0.47, down 34.7% year-over-year and significantly below expectations, after analysts expected EPS to fall 6.9% year-over-year to $0.67.
4. Berkshire reduced its holdings of nearly 19 million shares of Bank of America stock from Monday to Wednesday (July 22-24), totaling about $800 million.
(4) Important events and related stocks
1. The price of germanium has continued to hit a record high, and germanium manufacturers have benefited significantly
At present, the price of molten germanium ingot in the district is 19,800 yuan/kg, compared with 10,600 yuan/kg in May, the price has skyrocketed by 85%. According to Baichuan Yingfu data, on July 24, the price of domestic metal germanium rose by 250 yuan/kg, and the price was 14,750 yuan/kg, which was more than 40% higher than the price on June 12, and showed an accelerated upward trend.
Since the domestic export control policy of gallium and germanium was restricted in early July 2023, the downstream procurement demand has increased, and the domestic inventory has continued to deplete, which is currently at a historical low. Since June this year, the price of germanium has also been rising, and the current price is at a record high. The industry believes that germanium is a satellite, unmanned, infrared, photovoltaic, semiconductor and other cutting-edge technology essential materials, the demand is increasing unabated, and resources are limited, mining difficulties, the rapid rise of the current round of germanium prices is mainly due to the pressure of environmental protection under the production of some lead and zinc smelters to reduce production and stop production resulting in tight supply of germanium, the intensification of geopolitical conflicts to drive the growth of demand for military infrared devices and the rapid development of the satellite Internet industry and other factors. It is expected that the mismatch between supply and demand growth is expected to drive the germanium price pivot up, and related companies are expected to benefit.
Related stocks: Yunnan Germanium Industry (002428) currently leads the production of material-grade germanium products (mainly zone-melt germanium ingots and germanium dioxide), infrared-grade germanium single crystal (optical components) and germanium lenses, germanium wafers for solar cells, fiber-grade germanium tetrachloride and compound semiconductor materials.
Hengyang Hengrong High Purity Semiconductor Materials Co., Ltd., a subsidiary of Hengguang Co., Ltd. (301118), is currently mainly engaged in the production and sales of semiconductor materials such as district melt germanium ingots and high-purity germanium dioxide.
2. The United States is developing the next generation of supercomputers These two industry chain companies have benefited from the continued high growth of supercomputing
The United States Department of Energy last week issued a tender for the development of a new supercomputer, Discovery, that will replace the world's fastest known supercomputer, Frontier at Oak Ridge National Laboratory. The deadline for proposals for "Discovery" is August 30, 2024. "Discovery" plans to surpass the performance of the existing "Frontier" by 2027 or early 2028, providing three to five times the compute throughput (e.g., 8.5 ExaFLOPS). Discovery's computing power will support scientific research in multiple fields, including AI, climate change, drug discovery, nuclear security, and green energy solutions.
Supercomputers, also known as high-performance computers and supercomputers, can operate at a speed of hundreds of billions of times per second, tens of millions of times faster than ordinary computers. Supercomputers have a wide range of application scenarios in scientific research, industry, military and other fields, and currently include giants such as Microsoft and Tesla. With the rapid development of technologies such as big data and artificial intelligence, as well as the increasing demand for high-performance computing in scientific research and industry, the supercomputer market is ushering in development opportunities. According to Frost &Sullivan's forecast, the compound growth rate of the mainland supercomputing service market will be about 24.1% from 2022 to 2025, and by 2028, the size of China's supercomputing service market will be close to 90 billion yuan.
Related stocks: Huafeng Technology (688629) company's high-speed connection products can be used in communication equipment, high-end servers for data centers, switches, supercomputers and other fields, and can provide high-speed connector modules for general computing power, intelligent computing and supercomputing.
Suntak Technology (002815) currently has ZTE, H3C (H3C), Yunjian, Powerleader and other customers, and its products are mainly used in supercomputers, server motherboards, storage devices, GPUs and other products.
3. Review and approval The first e-sports Olympic Games will be held in Saudi Arabia next year
On the 23rd local time, at the 142nd plenary session of the International Olympic Committee in Paris, France, a much-watched proposal was unanimously adopted: to host the first Olympic E-sports Games in Saudi Arabia in 2025. After the proposal is approved, the two sides will immediately proceed to select the host city and venue for the event, and confirm the details of the competition time, events and player qualification procedures. The IOC said on its official website that "history was made today".
As an emerging sport, e-sports has developed rapidly in recent years and has become an industry that has attracted much attention and has huge market potential in the world. In 2023, for the first time, the IOC has established a brand new eSports Commission on the future prospects of esports. In the same year, the Hangzhou Asian Games included e-sports in the official competition for the first time. According to an authoritative report, the number of e-sports users in mainland China is 487 million, and the revenue of the e-sports industry in the first half of the year is 75.993 billion yuan, and the annual revenue in 2024 is expected to exceed 150 billion yuan.
Related stocks: G.Tech (301503), Kaiying Network (002517).
4. High quality and safer Centimeter-level cell cultured fish meat was successfully prepared for the first time
Recently, the team of Xue Changhu, an academician of the Chinese Academy of Engineering and a professor at Ocean University of China, successfully prepared centimeter-level cell-cultured fish meat for the first time. The results of further analysis showed that due to the high water content, the texture of centimeter-scale cell-cultured fish meat was softer than that of natural fish, with higher protein and lower fat content, and there was no significant difference in energy from natural golden crucian carp meat (NGM), and centimeter-scale cell-cultured fish meat had better digestive properties.
Rising living standards will lead to an almost doubling of meat consumption, making the demand for safer, higher-quality meat products even more urgent. As an emerging technology, cell-cultured meat is an ideal strategy for producing edible meat products in the laboratory from the cultivation of animal tissue stem cells, providing similar flavor, nutrition and mouthfeel to traditional meat products. According to the study, technological innovation and regulatory support could lead to a significant increase in the consumption of alternative proteins from 2% in 2020 to 22% by 2035, creating a massive market of nearly $300 billion.
Related stocks: Shuangta Food (002481), Shuanghui Development (000895).
5. The price of germanium rose by 85% in two months, and the price of germanium hit a record high
At present, the price of molten germanium ingot in the district is 19,800 yuan/kg, compared with 10,600 yuan/kg in May, the price has skyrocketed by 85%. Germanium is satellites, unmanned, infrared, photovoltaic, semiconductors and other cutting-edge technology essential materials, the demand is increasing unabated, and resources are limited, mining difficulties, the rapid rise of germanium prices is mainly due to the pressure of environmental protection under the pressure of some lead and zinc smelters to reduce production and stop production resulting in tight supply of germanium, intensified geopolitical conflicts to drive the growth of demand for military infrared devices and the rapid development of the satellite Internet industry and other factors, germanium prices are expected to continue to rise, related companies are expected to benefit.
Related stocks: Yunnan germanium (002428), Hengguang (301118).
6. External uncertainty has increased The overall upward trend of gold is still optimistic
Since the beginning of this week, the second quarter report of the US stock market has ushered in the first peak, and in the early morning of the 24th Beijing time, the two supergiants Google and Tesla have released their financial reports. Among them, Tesla's adjusted earnings per share for the fiscal second quarter were $0.52, well below the $0.91 in the year-ago quarter and below analysts' expectations of $0.60. Affected by this, Tesla's stock price plummeted by more than 8% after hours. Although Google's latest financial report is relatively bright, Google's A-market rose by more than 3% and then quickly fell back and fell by more than 2%. Shares of UPS, the global express delivery giant, plunged nearly 14 percent at one point, its biggest intraday drop since October 2008, and were still down 12 percent by the close. Revenue and profit in the second quarter of UPS2024 were lower than expected.
In addition to the risk of performance volatility, global financial markets are currently highly vigilant against geopolitical risks. According to the latest BofA fund manager survey, geopolitical risk has surpassed high inflation and has become the biggest tail risk for global fund managers. In addition, the uncertainty of the United States election, the high debt and deficit ratio of the United States, and the expectation of the Fed cutting interest rates are all good for gold prices.
Against this backdrop, institutions are optimistic about the long-term allocation value of gold, especially gold ETF funds. Recently, the price of gold has been up and down, but the share of many gold ETF funds has bucked the trend. According to the data, Huaan Gold Easy (ETF Connection) was the largest ETF feeder fund added in the second quarter, with a significant increase in fund size from 7.742 billion yuan at the end of the first quarter to 11.362 billion yuan at the end of the second quarter. In addition, Bosera Gold ETF Connect, E Fund Gold ETF Connect, Cathay Gold ETF Connect, Wells Fargo Shanghai Gold ETF Connect, and ChinaAMC Gold ETF Connect also contributed a lot to the underlying ETFs in the second quarter. From a global perspective, global gold-backed ETFs saw inflows of US$1.4 billion in June, the second consecutive month of inflows, which provided some support to gold prices.
Related stocks: Shandong Gold (600547), Gold ETF (159934).
7. The steady increase in the volume of domestic large aircraft is worth looking forward to, and you can pay attention to the stocks in the industrial chain
In the summer of this year, the "hot" degree of the aviation market has not decreased, and the flights operated by the domestic large aircraft C919 are even more "sought after" by passengers, with an average load factor of 86%. He Dongfeng, chairman of COMAC, recently said at the 2024 China Unicom Partner Conference that 6 domestic large aircraft C919 have been delivered, and C919 will be delivered to customers such as Air China and China Southern Airlines in the second half of this year, and is also making every effort to promote production capacity improvement. In addition, he also mentioned that a total of 139 ARJ21 regional jets have been delivered, and the ARJ21 is currently steadily promoting large-scale development and international development. At the same time, the C929 domestic wide-body large aircraft is also steadily advancing the design and research and development.
It is also understood that at the Farnborough International Airshow in United Kingdom, which opened on July 22, COMAC brought 1:20 scale C919, ARJ21 and C929 basic aircraft models, as well as 1:50 scale ARJ21 business jets, medical aircraft, emergency rescue command aircraft, fire extinguishers, cargo aircraft, C919 shortened/high prototype and extended aircraft models to participate in the exhibition. During the Farnborough International Air Show, COMAC will also carry out special promotion activities to strengthen negotiations and exchanges with customers and partners.
At present, the development of the continental aviation equipment industry has formed a relatively complete industrial chain system, and the civil aircraft manufacturing industry represented by COMAC is in a stage of rapid development, and the industrial chain has benefited.
Related stocks: 1) AVIC West Aviation (000768) has first-class civil aircraft wing manufacturing capabilities, in addition to the A320 wing, AVIC West Aviation also provides large parts such as C919, ARJ21, AG600 and MA700 aircraft wings and fuselages for COMAC, General Aviation and Xifei civil aircraft.
2) Aileda (300696) has entered the direct supplier directory of COMAC CNC precision manufacturing and special process treatment, and has successively undertaken heat table treatment business to prepare for the follow-up C919 production.
3) Aviation engine power (600893) The recovery of global passenger traffic has led to an increase in the flight time and overhaul times of civil aero engines. The sales revenue of engine manufacturers has risen steadily, and the company's international civil aircraft business has picked up.
8. The demand for parts and components is expected to exceed expectations due to the increase in investment in railway equipment across the country
Since July, the daily coal transportation volume of Daqin Railway has exceeded 1 million tons, the coal storage capacity of Qinhuangdao Port, Tangshan Port and Caofeidian Port has remained above 24 million tons, and the coal storage days of more than 300 railway direct power supply plants supplied by the counterpart have been maintained at more than 20 days to meet the peak summer thermal coal demand. In June, a number of indicators of national railway freight reached a record high in the same period in history. In June this year, the national railway sent 332 million tons of goods and completed a freight turnover of 266.5 billion ton-kilometers, an increase of 6.1% and 5.3% year-on-year respectively, a record high. Among them, the average daily loading of national railway coal was 83,500 cars, an increase of 5.6% year-on-year, and the average daily loading of thermal coal was 59,000 cars, an increase of 3% year-on-year, both hitting a record high in the same period.
In the context of the upward trend of national railway freight volume and the improvement of the profitability of China Railway Group, railway investment continues to improve. In the first half of this year, the national railway completed 337.3 billion yuan in fixed asset investment, a year-on-year increase of 10.60%. In the first half of the year, railway investment not only broke the record of the same period in history, but also the highest investment growth rate in the same period in history, of which the investment of more than 100 billion yuan in June increased by 149.54% month-on-month, and the amount and growth rate were unprecedented. In addition, the acceleration of equipment replacement, the increase in EMU maintenance and maintenance, and the increase in the bidding and delivery of new locomotives, the railway industry is expected to meet the high boom cycle.
Related stocks: CRRC (601766), China General Number (688009).
9. Natural gas consumption continues to recover There is still room for gas prices to rise
According to the recently released "China Natural Gas Development Report (2024)", in 2023, China's natural gas consumption will be 394.5 billion cubic meters, a year-on-year increase of 7.6%. In the first half of 2024, China's natural gas market continued to recover, with consumption reaching 210.8 billion cubic meters, up 8.7% year-on-year, and annual natural gas consumption is expected to reach 420 billion to 425 billion cubic meters, up 6.5%-7.7% year-on-year.
In the first half of this year, Shenzhen, Chengdu, Fuzhou and other places issued residential piped natural gas price adjustment plans, and the sales price of residential piped gas was raised. According to statistics, more than 130 cities and counties have issued notices or documents on the linkage mechanism of upstream and downstream natural gas prices, and residential gas prices have increased by about 5%-10%. According to CEIC statistics, in March 2024, the price of industrial natural gas in 36 major cities in mainland China was 3.57 yuan/cubic meter, and the price of domestic natural gas was 2.74 yuan/cubic meter. On the one hand, the lower residential gas prices in mainland China are due to the fact that in the actual natural gas price linkage, the price adjustment range of non-residents is higher than that of residents, resulting in cross-subsidy. On the other hand, local governments have given subsidies for fiscal expenditure for the purpose of ensuring supply and stabilizing prices. In the medium and long term, there is still room for residential gas prices to rise, and the industry is expected to benefit.
Related stocks: Blue Sky Gas (605368), Guizhou Gas (600903), etc.
10. The first manned eVTOL operation standard system will be born to benefit affiliated companies
Recently, the Civil Aviation Administration of China (CAAC) officially accepted the application for the Civil Unmanned Manned Aircraft Operation Certificate (AOC) submitted by Guangdong EHang General Aviation Co., Ltd., a wholly-owned subsidiary of EHang, and its joint venture company, Hefei Heyi Aviation Co., Ltd., marking the birth of the world's first manned electric vertical take-off and landing (eVTOL) operation standard system.
As the world's first driverless manned eVTOL OC approval project, EHang's breakthrough represents an important breakthrough in the UAM field. The successful acceptance of this application not only lays a solid foundation for EHang's future development, but also provides strong support for the development of the entire industry. The successful application of EHang will further promote the development of the low-altitude economy in mainland China and provide strong support for the standardization and standardization of the drone transportation industry in the future.
Related stocks: Lingnan Holdings (000524) and EHang will work together to build a "tourism" industry cooperation based on the application of intelligent autonomous aerial vehicles in the cultural tourism industry;
Gotion Hi-Tech (002074) has partnered with EHang to develop power cells, battery packs, energy storage systems and charging infrastructure based on EHang's unmanned electric vertical take-off and landing (eVTOL) products, exploring a new model of coordinated industrial development.
11. The proposal for the E-sports Olympics was approved, and the first one will be held next year
Recently, at the 142nd Session of the International Olympic Committee, an epoch-making decision was born: the first Olympic eSports Games will be held in Saudi Arabia in 2025. This marks an important step in the international recognition of esports as an emerging sport by the International Olympic Committee and its inclusion in the Olympic system.
In recent years, esports has grown rapidly across the globe, attracting a large number of young viewers and participants. According to the 2023 Global Esports Market Report released by Newzoo, the total revenue of the global esports market is expected to reach nearly $1.6 billion. With the advancement of technology and the improvement of network infrastructure, esports has become a cultural industry and economic growth point that cannot be ignored.
With the E-sports Olympics approaching, the global e-sports industry will usher in new development opportunities, and it is expected that related industry chains, including e-sports equipment manufacturing, event operations, content production, etc., will benefit from this.
Related stocks: Edifier (002351) E-sports technology focuses on creating high-performance, high-value, high-level, high-quality gaming headsets, game speakers and other e-sports products;
Shunwang Technology (300113) actively promotes the globalization of e-sports, accelerates the pace of going overseas in the field of e-sports, and carries out in-depth cooperation with overseas e-sports industry partners through independent research and development of "NetGuard Master International Edition", in order to further expand the international market.
12. Fill the gap in China Asia's largest carbon capture device has been verified
Asia's largest 600-ton CO2 direct air capture (DAC) unit "Carbon Capture CarbonBox" has successfully passed the 100-ton module full load reliability operation verification. "Carbon Capture Block CarbonBox" is jointly developed by China Energy Construction (Shanghai) Complete Engineering Co., Ltd., a subsidiary of China Energy Construction Group, and Shanghai Jiao Tong University, with completely independent intellectual property rights. This R&D achievement fills the gap in the field of ultra-large tonnage and high-concentration industrial-grade DAC engineering equipment, and marks an important breakthrough in China's direct air capture technology for carbon dioxide.
The construction of ecological civilization in mainland China has entered a critical period with carbon reduction as the key strategic direction, improving the regulation and control of total energy consumption and intensity, gradually shifting to the dual control system of total carbon emission and intensity, and building a clean, low-carbon, safe and efficient energy system. In 2023, the installed capacity of photovoltaic, wind power, energy storage and other installations will grow rapidly, the domestic carbon trading market will be stable as a whole, the price of carbon allowances will increase significantly, and carbon capture technology and demonstration projects will gradually increase.
Related stocks: Yuanda Environmental Protection (600292) It has successfully completed the research and demonstration of chemical absorption carbon capture technology in the field of CCUS, and is actively carrying out carbon utilization technology research and the reserve of a new generation of carbon capture technology.
Huaguang Huaneng (600475) and the Chinese Academy of Sciences jointly carried out a pilot study of pressurized oxy-fuel combustion involving CO2 capture technology for boiler equipment.
13. The China-ASEAN Free Trade Area 3.0 is accelerating and trade facilitation is expected to be further improved
The Foreign Minister will attend the ASEAN-China (10+1) Foreign Ministers' Meeting, the ASEAN-China-Japan-ROK (10+3) Foreign Ministers' Meeting, the East Asia Summit Foreign Ministers' Meeting and the ASEAN Regional Forum Foreign Ministers' Meeting in Vientiane, Laos, from July 25 to 27.
Against the backdrop of slowing global economic growth and prolonged geopolitical conflicts, the situation in East Asia has remained stable on the whole, and regional economic integration has continued to advance. It is the common aspiration and common aspiration of the people of all countries in the region to continue to make the region an engine of development and a highland of cooperation. China looks forward to further building consensus among all parties through this series of foreign ministers' meetings, and making political and fruitful preparations for the series of East Asia Cooperation Leaders' Meetings in October.
Both ASEAN and East Asian cooperation are historical trends. Despite the headwinds of globalization, regional integration in East Asia is unstoppable. Guangxi, as the mainland's gateway and window for opening up and cooperation with ASEAN, will benefit listed companies in the region.
Related stocks: Beibu Gulf Port (000582) It will give full play to its geographical advantages adjacent to ASEAN, deeply integrate into the "Belt and Road" initiative, enhance the level of interconnection between the country and Southeast Asia and other regions, strengthen measures to promote the development of the western region to form a new pattern, promote the high-quality development of the regional economy, and further expand the opening up.
Wuzhou Transportation (600368) In addition to Jinqiao Market, Pingxiang City, on the border between China and Viet Nam, also operates Vantone Logistics Park, which covers an area of about 600 acres and is mainly engaged in the import and export of ASEAN commodities, customs declaration and other businesses.
14. Deep-sea wind power construction accelerates The agency expects that the competition volume will exceed 20GW this year
Recently, the Shanghai Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) held a special supervision and handling meeting on the key proposal of "Promoting the Transformation of Energy Structure to Promote Shanghai's Implementation of the Dual Carbon Strategy", at which it was proposed that deep-sea wind power is the largest treasure trove of green power resources for the sustainable development of Shanghai in the future, and the plan has been prepared and approved, with a total scale of 29.3 million kilowatts, which can provide about 100 billion kilowatt-hours of green electricity per year after all are completed. In addition, the approval progress of key offshore wind power projects in Guangxi, Guangdong and other regions is also progressing steadily.
Zhejiang and Shanghai have competed for 8.3GW in 024, and it is expected that Jiangsu, Fujian and Guangxi are expected to compete in 2024, with a total of more than 20GW, laying the foundation for the installation of sea breeze during the "15th Five-Year Plan" period.
In 2024, the bidding volume and installed capacity of the offshore wind power market are expected to rise simultaneously, and the bidding of multiple projects at home and abroad is expected to continue to catalyze, and the market pattern is improving. Among them, submarine cables, as the core sector of the offshore wind power industry, are expected to directly benefit from the development of the offshore wind power industry.
Zhenjiang Co., Ltd. (603507) is the leader in the subdivision of wind and solar parts;
Electric Wind Power (688660) is an advanced manufacturer and service provider of onshore wind turbines in China, as well as a leading manufacturer in the field of offshore wind turbines.
15. The top conference in the field of brain-computer interface will be held, and the industry will welcome large-scale application
On July 24, Tianqiao Institute of Brain Science and BCI announced that they will jointly hold the BCl Society & Chen Institute JointBCI Meeting in Shanghai, China on December 6 and 7 this year, marking the first time that the world's top academic conference in the field of brain-computer interface has been established in Asia after 25 years of establishment. This conference invited top international scientists to deliver keynote speeches to discuss the latest progress and trends in the field of brain-computer interface from multiple perspectives such as technology, scientific research, and clinical practice.
Brain-computer interface is the new quality of productivity and the future direction of industrial development, the policy encourages the development of the brain-computer interface industry, brain-computer interface technology is on the eve of qualitative change in large-scale application, invasive BCI, non-invasive BCI, emotional brain-computer interface and other aspects of domestic and foreign applications are accelerating, Musk's Neuralink company has completed the first human implant in January this year. It is estimated that only considering the brain-computer interface rehabilitation equipment in the field of stroke rehabilitation, the potential market space is about 4 billion yuan to 37.5 billion yuan.
Related stocks: Chengyitong (300430) Cooperate with multiple schools to explore the application of brain-computer interface in the field of rehabilitation, aiming to shift from "passive" to "active" rehabilitation and promote neural reconstruction and brain function recovery;
Guomai Technology (002093) is actively researching the integration of brain-computer connection technology with body-to-body networking solutions and elderly care scenarios.
16. The landing of unmanned driving in multiple scenarios is expected to open up the long-term market space of the industry.
Pony.ai, a unicorn company in the field of autonomous driving, may go to the United States for an IPO as soon as September this year, and has already found institutional investors with clear IPO investment intentions. It is reported that Pony.ai was established in 2016, and its main business includes autonomous driving services, autonomous trucks and intelligent driving of passenger cars. The company has R&D centers around the world, including Silicon Valley, Beijing, Shanghai, Guangzhou and Shenzhen, and has obtained autonomous driving testing and operation qualifications and licenses in China and the United States. Minsheng Securities believes that the commercialization of Robotaxi has reached an inflection point, and China and the United States are the first echelon of the industry. Robotaxi provides L4-L5 autonomous driving services, realizing the combination of autonomous driving + shared travel, which can achieve high safety and a clear path to cost reduction, which is expected to open up the long-term market space. Overseas Tesla leads the industrialization process, Tesla's high-end intelligent driving technology continues to make breakthroughs, FSD V12 has achieved "end-to-end autonomous driving", and Robotaxi will be released in October, becoming a potential catalyst for the sector.
Related stocks: Zhongtong Bus, Yongan Xing.
17. Under the trend of high integration of AI servers, copper connections may become an important component to usher in increased demand.
Nvidia GB200 visibility improves, Blackwell demand will be stronger in 2025, and TSMC's CoWoS advanced packaging capacity in 2025 may double to meet strong demand. Da Mo estimates that if NVL36 cabinets are used as the calculation unit, the overall demand for GB200 will increase to nearly 6-70,000 units in 2025. In order to ensure transmission efficiency and energy consumption caused by high computing and throughput, NVIDIA uses 5,000 copper cables (a total of 2 miles long) to connect to the GPU in the GB200 NVL72, and adopts a liquid-cooled design, which reduces the overall cost and energy consumption by 25 times. With the trend of high integration of AI servers, copper connections may become an important component of AI servers.
Related stocks: Wall Nuclear Materials, Luxshare Precision.
18. The mainland has made new breakthroughs in manned lunar landing rockets, and the development of the commercial aerospace industry may be further accelerated.
The Sixth Academy of China Aerospace Science and Technology Corporation, a new generation of manned launch vehicles that will be used for manned lunar landings in the future, recently completed a long-range test of high-altitude simulated environment, verifying the feasibility of the engine working for a long time in space, and the test was a complete success. According to the "Government Work Report", with the "aerospace power" has entered the construction and landing stage, in 2024, the mainland is expected to implement more policies to support the development of the aerospace industry, and tilt relatively more resources to the aerospace industry. Tianfeng Securities pointed out that the current mainland commercial aerospace or will usher in an important period of development opportunities, the development of the mainland commercial satellite industry or will be further accelerated, rocket launch capacity or will be gradually improved, while the cost of satellite launch and satellite construction will be further reduced, low-cost satellite manufacturing industry chain is expected to benefit first.
Related stocks: Aerospace Intelligent Equipment, Shanghai Hugong.
19. SK hynix: HBM's sales increased by more than 80% quarter-on-quarter and 250% year-on-year.
SK hynix's second-quarter operating profit was 5.47 trillion won, compared to analysts' expectations of 5.24 trillion won, and second-quarter sales were 16.42 trillion won, compared to analysts' expectations of 16.13 trillion won, and capital expenditures are expected to exceed those previously planned. SK hynix said that it expects DRAM B/G to increase by a low single-digit percentage quarter-on-quarter in the third quarter. It is expected that the quarter-on-quarter growth rate of NAND B/G in the third quarter will be in the middle of the 0%-10% range; HBM's sales increased by more than 80% quarter-on-quarter and 250% year-on-year. It is expected that the 12-layer stacked HBM3E will be mass-produced in the third quarter; Enterprise SSD sales increased 50% sequentially.
Related stocks: Yawei shares, Novoray new materials.
Fourth, high yield growth and low price-to-book ratio and price-to-earnings ratio stocks
1. The net profit attributable to the owners of the parent company for 5 consecutive years > 0 yuan (3487); Total dividends for 5 consecutive years (969); Net profit attributable to shareholders of the parent company for five consecutive years (year-on-year growth) >0% (367 units).
On Saturday, July 6, 2024, 116 A-shares were selected, and the top 50 stocks were: China Construction Bank, Bank of Communications, Kweichow Moutai, Midea Group, China Railway, Bank of Ningbo, Bank of Nanjing, Haier Smart Home, China Unicom, Mindray Medical, Guodian NARI, Zijin Mining, Bank of Suzhou, Bull Group, Bank of Qingdao, Shanxi Fenjiu, Changchun High-tech, Jiangsu Financial Leasing, Jinshiyuan, Sanhua Intelligent Control, Zijin Bank, China Nuclear Construction, Xinhua Winshare, AVIC Optoelectronics, Jiangyin Bank, Weixing New Materials, Yingjiagongjiu, Sunong Bank, AVIC Shenfei, Hengdian East Magnetic, Nhwa Pharmaceutical, Hangcha Group, Shaanxi Drum Power, Sugon, Shaanxi Guotou A, Honglu Steel Structure, Siyuan Electric, Puluo Pharmaceutical, Yifeng Pharmacy, Haige Communication, Huashe Group, Shede Liquor, Chuangye Environmental Protection, Jiuli Special Materials, CTI, Xu Ji Electric, Farah Electronics, Jingjin Equipment, Foran Energy, Aerospace Electric.
2. Basic earnings per share (year-on-year growth rate) for 2 consecutive years >=100% (66); P/B ratio<3x(4205 pcs);P/E ratio(PE)>1x(4070 pcs); The price-to-earnings ratio (PE) < 30x (3360).
On Saturday, July 6, 2024, 27 A shares were selected: Pulit, Shahe, Changyuan Power, Changhong Meiling, Quartz, CNMC, Guodian Power, Liande Equipment, SWS, Pinggao Electric, Fengshen, Gold Molybdenum, Kehua Holdings, Evergreen Group, Wanneng Power, COSCO Shipping Energy, Jiangsu Guoxin, *ST Longyu, Jiajiayue, Jinko Solar, Joyson Electronics, Lijiang Shares, Shanghai Electric Power, Senyuan Electric, Bingshan Cold and Hot, Ganneng Shares, Foton Motor
5. Short-term stock sniping (only analysis, not recommendation)
Yanao Co., Ltd. (300923): Rail Transit + Unmanned 1. According to the first financial news, the National Development and Reform Commission is scheduled to hold a special press conference of the National Development and Reform Commission at 15:00 this afternoon to introduce several measures to support large-scale equipment renewal and consumer goods trade-in. 2. According to China Daily, on July 19, Han Wenxiu, deputy director of the Central Finance Office, said that he would promote the independent operation of natural monopoly links in energy, railways and other industries and the market-oriented reform of competitive links. 3. In the first half of 2024, the national railway will complete an investment of 337.3 billion yuan in fixed assets, a year-on-year increase of 10.6%, and a passenger volume of 2.096 billion passengers, a year-on-year increase of 18.4%, both hitting a new high in the same period in history. 4. The company's main business is engaged in the research and development, production, sales and maintenance of electrical equipment for rail transit vehicles. The main products include driver console, driver's cab electrical control cabinet, passenger compartment electrical control cabinet, lighting control system, logic control unit, battery management system, low-voltage electrical monitoring system, emergency ventilation inverter box, high and low voltage junction box, vehicle-mounted battery box, vehicle-mounted air purification equipment, vehicle electrical wiring harness, motor car and high-speed rail vehicle electrical equipment maintenance, lighting equipment maintenance, urban rail vehicle electrical equipment and lighting maintenance. 5. On July 5, 23, the interactive easy to reply: The unmanned driver console provided by the company is on-board electrical equipment, which needs to be operated with the vehicle electrical and network connection. At present, the company's products closely follow the development of unmanned train technology, constantly improve technical reserves and product iteration, and improve the safety, reliability and advancement of products. Since 2013, the company has provided vehicle-mounted driverless driver consoles for the South Hong Kong Island Metro project in Hong Kong, China, and in recent years, it has continued to provide driverless driver consoles for many unmanned projects such as Beijing Yanfang Line, Chengdu Line 9, Shanghai Line 15, and Wuhan Line 5.
Guosheng Financial Holding (002670): Securities + plans to absorb and merge Guosheng Securities + Jiangxi State-owned Assets 1, January 12 evening announcement: plans to absorb and merge wholly-owned subsidiary Guosheng Securities. Interactive reply on March 19: The company intends to absorb and merge Guosheng Securities, a wholly-owned subsidiary of the company, which has been deliberated and approved by the company's board of directors and shareholders' general meeting, and needs to be approved by the China Securities Regulatory Commission and other regulatory authorities. The Company is proceeding with the matter in an orderly manner in accordance with the relevant arrangements. 2. The company's main businesses include securities business, investment business and financial technology business. The actual controller of the company is the Jiangxi Provincial Department of Transportation.
Xingwang Yuda (002829): unmanned driving + satellite navigation + Baidu 1, June 27 interaction: In terms of vehicles, the company can provide technical support for unmanned automatic driving in the direction of navigation, measurement and control, etc., and can also realize path planning, automatic tracking, map self-construction and other functions, suitable for structured roads and unstructured roads. In terms of devices, the company's satellite communication, inertial navigation, photoelectric pod, radar, etc. are all key technologies for unmanned autonomous driving, and the company has continued to provide component-level supporting for different manufacturers. April 6, 22 interaction: The company has maintained close cooperation with Meituan for a long time, and has supplied Meituan unmanned delivery vehicles in batches. Meituan's unmanned vehicles in Shanghai are used in the company's inertial navigation products. It is expected that the supply scale of unmanned vehicles will increase with the growth of market demand. In addition to cooperating with Meituan, the company also cooperates with Baidu, Radish Express, Neolithic and other units. February 17, 23 Interactive: The company and Baidu mainly cooperate in the field of unmanned inertial navigation. 2. March 13 interaction: The company's IMU products can be used in the flying car business, and with the subsequent development and growth of the flying car market, the company's products will also provide continuous support. 3. The company's main business is information perception, satellite communication and unmanned system business, and the main products are inertial navigation, photoelectric pods, security radars, and "dynamic communication" satellite communications and low, medium and high full-spectrum unmanned target aircraft.
Runbei Aviation Technology (001316): commercial aerospace + service-oriented aviation materials distributor + large aircraft + aviation chemicals 1, the company is a service-oriented aviation materials distributor, the company's main products include civil aviation fuel, aviation raw materials and aviation chemicals and other aviation materials. November 23, 23 research activity information: Hangzhou Qingyun, a holding subsidiary of the company, will be mainly responsible for the research and development and production of advanced composite materials for aviation and aerospace. 2. The company has deeply participated in the selection, standard formulation and certification of aviation chemical industry and composite materials for domestic commercial large aircraft projects, and has contributed its own strength in the process of R&D and selection of domestic large aircraft, and has therefore been awarded the title of "C919" project first flight advanced collective by COMAC after the successful first flight of the C919 aircraft. Some of the products of the subsidiary, Runhe New Materials, have obtained the approval of COMAC Process Materials. 3. In May 23, the company signed a project contract with the Management Committee of Longnan Economic and Technological Development Zone, and planned to invest in the production of special prepregs and other aviation new materials in Longnan, and the reserves of the project will assist the company to further expand to the field of aviation new material production.
Jinlong shares (000712): securities + computing power leasing + Dongguan Securities IPO has resumed review + intends to transfer the equity of Zhongshan Securities 1, the company's main business is securities company business. 2. On the evening of July 1, the company announced that it had recently received a notice from Dongguan Securities Co., Ltd., a shareholding company, that Dongguan Securities had submitted to the Shenzhen Stock Exchange the "Application for the Review of the Resumption of Initial Public Offering of Shares and Listing" and IPO update application documents, and the Shenzhen Stock Exchange recently accepted the above documents, and the IPO of Dongguan Securities has resumed review. According to the latest prospectus of Dongguan Securities, Jinlong shares hold 60,000 shares of the company, with a shareholding ratio of 40.00%, and is the company's largest shareholder. 3. On June 29, the company announced that before that, the company and Dongguan Financial Holding Capital Investment Co., Ltd. reached a preliminary intention on the intention of Financial Holding Capital to acquire 30,000 shares of Dongguan Securities held by the company (accounting for 20% of the total share capital of Dongguan Securities), and signed a transaction memorandum. Up to now, the company still has to continue to negotiate with the intended transferee on matters related to the underlying share transaction, and the relevant due diligence, audit and evaluation work has not yet been completed. On June 5, 2024, the company held the 39th (provisional) meeting of the 9th board of directors, at which the meeting deliberated and passed the "Proposal on the Proposed Public Pre-listing Transfer of Zhongshan Securities", and the board of directors of the company agreed to pre-list the equity transaction of Zhongshan Securities on the Shanghai United Equity Exchange. On June 6, 2024, Shanghai United Equity Exchange issued an announcement on the "Zhongshan Securities 67.78% Equity Transfer Project". The pre-listing is only a pre-disclosure of information, and the purpose is to solicit the intended transferee of the target equity. 4. Announcement on April 23, 2024: The company plans to establish a project company with Guangzhou Saifu Jianxin SME Industrial Investment Fund Partnership (Limited Partnership) and Beijing Jiuzhang Yunji Technology Co., Ltd. to carry out the construction and operation of intelligent computing centers in Guangdong. After the establishment of the project company, Jiuzhang Yunji or its designated related entities will be selected to carry out the general contract construction. The project company procures the computing power server.
Royal Silver Co., Ltd. (002177): Financial Services + Industrial Park Operation + Digital Currency: According to the 21st Century Business Herald, JD.com will issue a cryptocurrency stablecoin pegged 1:1 to the Hong Kong dollar in Hong Kong. According to the official website of JD Coinlink, a subsidiary of JD Technology Group, JD Stablecoin is a stablecoin based on the public chain and pegged 1:1 to the Hong Kong Dollar (HKD). Previously, on July 18, the Hong Kong Monetary Authority announced the list of participants in the "sandbox" of stablecoin issuers, including JD Coinlink (Hong Kong). Company reasons: 1. The company is mainly engaged in the operation of industrial parks built by its own properties and related operation services in the intelligent financial equipment industry. 2. The company's intelligent financial equipment business related operation service business is specifically composed of ATM cooperative operation, ATM technology and financial services. It mainly includes providing ATM cooperative operation services for banking financial institutions and providing technical services for the repair and maintenance of financial self-service equipment. 3. 21 semi-annual report: In response to the launch of the central bank digital currency, the company established a digital currency research and development center to carry out digital currency related research and development.
Sixth, the next day's deduction
1. Market analysis and strategy
Compared with the past two years, this year is not a stock game, but an incremental market. In addition, the balance of investment and financing in the capital market is also improving significantly, and the micro liquidity this year is better than in the past two years. This year, the leading funds have undergone important changes again, with ETFs and insurance becoming the most important increments. In terms of splitting several types of major funds, equity ETFs and insurance contributed important increments in the first half of this year, which accelerated month-on-month compared with the second half of last year. However, the increment of active equity funds, private equity, and financial integration is insufficient. In the first half of this year, the issuance of active equity funds rebounded limitedly, and although the inflow of foreign capital picked up, it was still lower than the level in the first half of last year, and the two financing funds turned into outflows. ETFs and insurance funds are important marginal incremental funds this year, and the united front of large-cap leaders and core assets has been reshaped. Last year, the increase in institutions was not obvious, and more of the active funds represented by quantitative funds and two financing funds were more enthusiastic about participating, but this kind of capital inflow has strong uncertainty and often "follows the trend", so it is difficult to deduce and predict the follow-up. However, the certainty and allocation direction of the inflow of ETFs and insurance funds are clearer and more predictable, so the shaping of the market style will be more significant this year.
On Thursday, banks cut deposit rates and MLF by 20 basis points more than expected, and the monetary easing attitude is obvious, especially the "unusual" operation of the central bank this time is similar to the sudden cut of the central bank at the beginning of the year to stabilize the market. It's just that trading confidence is insufficient, and the positive feedback is not repercussive, and even continues to weaken and hit a new low. However, it seems to be sinister, but the sentiment of individual stocks has improved significantly, with more than 3,600 red plates, and the theme has returned significantly. At the trend level, the divergence of the indicator 30 minutes after the new low of the main board is highlighted, and the daily line is also a second divergence, and there is an expectation of repair under the non-gradient of yin. The market has not gotten rid of the weak atmosphere, the bottoming stage may continue, pay attention to the feedback of funds near 2867, reduce expectations at the moment, remain patient, and wait for the formation of a stable signal.
In addition to policy care, the market sentiment leading index, which is a good phenomenon, the active sector has also increased significantly, new energy track, low-altitude economy, intelligent transportation and other turns, securities, real estate has also helped, but the sustainability and diffusion is not obvious, in line with the characteristics of bottoming, it is expected that there will be repeated, pay attention to the rhythm, abandon the emotional chase.
2. Tomorrow's market prediction: shock finishing
7. Position plan: short-term: half position.