Office of the Central Committee and Office of the State Council: Increase the extent of support for data infrastructure and data security capacity building from the central budget
The "Opinions on Accelerating the Development and Utilization of Public Data Resources" issued by the General Office of the CPC Central Committee and the General Office of the State Council was released, which is the first time that the central level has made systematic arrangements for the development and utilization of public data resources. The opinions put forward that by 2025, the system and rules for the development and utilization of public data resources will be initially established, the scale and quality of resource supply will be significantly improved, data products and services will be continuously enriched, the development and utilization of public data resources in key industries and regions will achieve remarkable results, and a number of data element enterprises will be cultivated, and the role of public data resource elements will initially appear.
Regarding the purchase and sale of treasury bonds, the joint working group of the central bank and the Ministry of Finance held its first formal meeting
The central bank and the Ministry of Finance have established a joint working group, and recently held the first formal meeting of the working group. The meeting fully affirmed the close cooperation between the two sides in the purchase and sale of central bank bonds in the early stage, established the operating mechanism of the working group, and exchanged views on the operation of the bond market and other topics.
China and the EU will continue to negotiate on the countervailing of electric vehicles
According to people familiar with the matter, recently, China, United States and the European Union have conducted intensive communication on trade issues such as electric vehicles. After EU member state representatives voted to approve the final draft of the EU's EV countervailing case on October 4, the EU-China working group will continue to negotiate.
Ministry of Housing and Urban-Rural Development, State Administration of Financial Supervision: Expand the coverage of the "white list" to ensure that compliant real estate projects "should be carried out as much as possible"
The Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly held a video conference on the promotion of the national housing delivery work. The meeting stressed that it is currently in the critical stage of fighting the tough battle to ensure the delivery of housing, and it is necessary to firmly grasp the people's nature and politics of real estate work and give full play to the important role of the coordination mechanism. It is necessary to increase the checking, pushing, repair of problematic projects and loan delivery of "white list" projects, so as to effectively meet the reasonable financing needs of real estate projects.
The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting Medium and Long-term Funds into the Market"
Recently, the Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting Medium and Long-term Funds into the Market", vigorously guiding medium and long-term funds to enter the market, cultivating and expanding patient capital such as insurance funds, and striving to boost the capital market. Major insurance companies have said that as a long-term and stable source of funds, insurance funds are of great significance to the healthy development of the capital market, and will further play the role of "stabilizer" and "booster" of the capital market.
Hangzhou: No longer distinguish between the first and second homes, and the minimum down payment is 15%
Hangzhou Municipal Housing and Housing Administration: issued a notice on further optimizing and adjusting the city's real estate-related policies. Among them, it is proposed to guide commercial banks to reduce the interest rate of existing housing loans in a prudent and orderly manner. For households that take out loans to purchase housing, commercial personal housing loans no longer distinguish between first and second homes, and the minimum down payment ratio is 15%.
Chengdu has proposed new regulations: you can settle down if you buy a house, and second-hand housing is also OK
Chengdu issued the "Notice on the Implementation of the Settlement of Persons in Housing with Legal Property Rights (Draft for Comments)" to solicit opinions and suggestions. The opinion mentions that those who purchase commercial housing (delivered for use) or second-hand housing within the administrative area of the city can apply for personal settlement in the place where the housing is located, and their spouses, minor children, and elderly parents who meet the conditions for refuge can apply for household registration and relocation. It means that after the implementation of the notice, you can settle in Chengdu if you buy a house, and the specific implementation date of the notice has not yet been announced.
Banks respond to bank-securities transfers: some branches lose 4 billion deposits in a single day
In response to the recent surge in stock market trading volume, some banks have held internal meetings to make unified arrangements for bank-securities transfers, fund subscription and redemption and other countermeasures. According to a branch source, on the last trading day before the holiday, the bank's retail line lost about 4 billion yuan of deposits; At the same time, during the National Day, the branch's consumer loan lending volume has exceeded this year's "good start".
The market shook and the ETF heat has not decreased! The single-day net subscription amount exceeded 100 billion yuan!
In the recent strong rebound in the market, ETFs have been favored by many investors, and from the perspective of trading volume, many broad-based ETFs have significantly increased their trading volume in the two trading days after the National Day holiday. On October 8, the net subscription amount of equity ETFs reached 106.126 billion yuan, which was also the first time that the net subscription amount of ETFs exceeded 100 billion yuan in a single day. At the same time, the net value of the first batch of CSI A500ETF fluctuated sharply, which means that these products have been rapidly established.
Three scientists share the 2024 Nobel Prize in Chemistry for "cracking the code of protein structure".
The Royal Sweden Academy of Sciences announced that the 2024 Nobel Prize in Chemistry is for proteins. The award will be awarded to David · Baker of the University of Washington Seattle United States for "Computational Protein Design", and the other half will be awarded to Demis· Hassabis and John · Jiangpo of Google DeepMind in London, United Kingdom London, for "Protein Structure Prediction".
10 CSI A500ETF issued listing announcements Brokers, private equity, trusts, insurance funds, etc. appeared in the top 10 holders
On the evening of the 9th, the first batch of 10 CSI A500ETF issued a listing and trading announcement, and planned to be listed collectively on October 15 (next Tuesday). With the disclosure of the listing announcement, the top 10 holders of the 10 CSI A500ETF and the steps to open a position have been released. From the perspective of the type of holders, the identities of brokers, private equity, trusts, and insurance funds are frequent, and institutional investors are becoming the main force in the new issuance of ETFs. In addition, Harvest and Invesco purchased 200 million yuan and 16.38 million yuan respectively, becoming the first and fifth largest holders of their respective products. In terms of the pace of position building, all 10 products have opened positions, and the proportion of positions ranges from 40% to 90%.
Beijing's low-altitude economic industry strives to reach a scale of 100 billion yuan in three years
The Beijing Municipal Bureau of Economy and Information Technology, the Beijing Municipal Development and Reform Commission and other departments recently issued the "Beijing Action Plan for Promoting the High-quality Development of Low-altitude Economic Industries (2024-2027)" (hereinafter referred to as the Action Plan) makes it clear that Beijing strives to exceed 5,000 low-altitude economy-related enterprises in three years, and low-altitude technical services cover Beijing-Tianjin-Hebei and radiate the whole country, with an industrial scale of 100 billion yuan.
The Beijing Stock Exchange is hot, and many Beijing Stock Exchange 50 index funds have implemented purchase restrictions
Due to the hot market of the Beijing Stock Exchange, the Beijing Stock Exchange 50 index funds of many companies began to limit the purchase of large amounts, and some simply "closed the door" because the scale reached the upper limit.
10-day 4 times bull stocks, who is buying, who is selling? Regulatory Update!
On October 9, the information on the website of the Shenzhen Stock Exchange showed that from September 26 to October 9, Yinzhijie hit the standard of serious abnormal fluctuations. During this period, "institutions" sold about 285 million yuan, "Shenzhen-Hong Kong Stock Connect" sold about 29.8964 million yuan, and small and medium-sized investors continued to buy, with a cumulative net purchase of about 780 million yuan.
WeChat Hongmeng native version opens the internal test invitation, and Alipay Hongmeng version is here
On October 8, the original version of WeChat Hongmeng had the latest progress. According to Tencent, WeChat HarmonyOS Native Edition will start inviting internal testing today, and users who have upgraded to HarmonyOSNEXT can experience it early after receiving the invitation. In addition, Alipay Hongmeng version is newly launched, in addition to the payment function, you can also use small programs to order takeout, watch movies, hang medical insurance, etc. Users who have upgraded to the original HarmonyOSNEXT operating system can download and install it on AppGallery to experience the latest Alipay HarmonyOS version.
Wu Tingting of Shanghai Securities believes that with the completion of the development of more HarmonyOS native applications beta version, the progress of the HarmonyOS ecosystem is expected to continue to exceed expectations, and the official launch of the HarmonyOS Galaxy version in the fourth quarter is an important turning point for the HarmonyOS ecosystem, and HarmonyOS is expected to become the terminal base of digital China; It is recommended to pay attention to the investment opportunities of Huawei lines.
Among the listed companies, Topway Information (002261) has maintained in-depth cooperation with HUAWEI, and is an all-round partner of HUAWEI "Kunpeng/Ascend + Industry Model/Cloud + Open Source HarmonyOS".
SITECH (300608) attaches great importance to the promotion and localization of Huawei's HarmonyOS system, and has the ability to develop products and solutions that adapt to Huawei's HarmonyOS system.
The 2024 Nobel Prize in Physics will be announced, and artificial neural network machine learning will attract attention
According to media reports, the Royal Sweden Academy of Sciences announced that it will award the 2024 Nobel Prize in Physics to John J. Hopfield and Geoffrey E. Hinton for their foundational discoveries and inventions in machine learning using artificial neural networks.
At present, many researchers have developed and applied machine learning, and ChatGPT, an artificial intelligence chatbot that is now popular all over the world. Guosheng Securities said that on September 12, 2024, OpenAI released the o1 series of models, which can solve more difficult problems than previous scientific, coding and mathematical models, making significant progress on complex inference tasks. This means that OpenAI has initially reached the second stage of its goal of AGI, o1 has explored a solution that can optimize the accuracy of some tasks in the post-training and inference stage, and if the accuracy of GPT increases significantly in the future, it is optimistic that AI application innovation will usher in a full-scale explosion. It is recommended to pay attention to the relevant industrial chain.
In terms of the company, Ankai Micro (688620) has begun to deploy deep learning technologies many years ago, such as the research and development of NPU IP for neuronal network processors. At present, the IP has been applied in the company's chip products, such as IoT camera chip products, and has generated positive responses.
Beijing Junzheng (300223) has been continuously investing in the research of neural network processors in the past few years, combining the advantages of the company's independent research and development in CPUs, organically combining CPU technology and neural network processor technology to form the company's unique AI computing engine.
Global fab capacity has expanded significantly, and fab equipment spending continues to rise
According to reports, global fab capacity has expanded significantly, and fab equipment spending continues to rise. According to the International Semiconductor Industry Association (SEMI), the global 300mm wafer fab equipment expenditure will exceed $400 billion for the first time from 2025 to 2027, of which China will maintain its first position with an investment of more than $100 billion. Semiconductor equipment track enterprises ushered in development dividends.
Ju Long, global vice president of SEMI and president of China, said that according to the analysis of semiconductor equipment investment, the delivery of semiconductor equipment in Chinese mainland in 2024 is expected to increase on the basis of last year, reaching more than 40 billion US dollars, and continue to be the world's largest semiconductor equipment market. More than 100 new semiconductor manufacturing plants are forecast to be operational between 2022 and 2026, suggesting that there is still a lot of room for growth in semiconductor equipment investment over the next two years. Geng Zheng, chief analyst of the electronics industry at GF Securities, said that the domestic semiconductor equipment market has a broad space. The process coverage of mature processes by domestic equipment is becoming more and more perfect, and the process breakthroughs of advanced processes are actively promoted. In the future, domestic semiconductor equipment is expected to continue to benefit from the expansion of the equipment market.
Among the listed companies, Changchuan Technology (300604) has mastered the core technology related to integrated circuit test equipment, and has become one of the few enterprises in China that can independently develop and produce integrated circuit test equipment.
Fuchuang Precision (688409) is a leading enterprise in the precision parts of semiconductor equipment in China, the main products include process parts, structural parts, module products and gas pipelines, covering the core links of integrated circuit manufacturing such as etching, thin film deposition, photolithography and gluing development, chemical mechanical polishing, ion implantation, etc., some products have been applied to the front-end equipment of the 7nm process.
At present, Xinyuan Micro (688037) has formed four major business segments of small-size equipment such as front-end gluing and developing equipment, front-end cleaning equipment, back-end advanced packaging equipment, and compounds, and its products have completely covered front-end wafer processing, back-end advanced packaging, compound semiconductors and other fields.
ByteDance may release new smart hardware, which the agency says is an important entrance to AIGC
Recently, the official account of ByteDance Doubao Xiaohongshu released a warm-up poster, with the text "ByteDance Doubao's smart hardware?" More information will be announced on October 10 at 11 a.m. Ola Friend's official Weibo has also been launched, with the same content as Doubao's Xiaohongshu official account, claiming to "explore new ways to use AI". Some media said that judging from the warm-up copy, Ola Friend may be a hardware product equipped with an AI system, which may be smart headphones or glasses, but the specific product is currently uncertain.
Song Jiaji of Guosheng Securities said that since entering the IOT era, with the accelerated popularization and penetration of low-power IoT chips, smart hardware has become an important part of people's daily life. Before the advent of Chatgpt, intelligent assistants such as overseas "ALEX" and domestic "Xiaoai" have become an important entrance for consumers to contact AI assistants. Currently, with ChatGPT's open API interface function, ChatGPT can access external real-time databases and give answers based on them. Large models will greatly improve the experience of using smart hardware, and at the same time, smart hardware itself will become an increasingly important AI entrance.
Among the listed companies, Tianjian shares (301383) have established a cooperative relationship with ByteDance. In addition to the mass-produced AR glasses products, the company is also paying attention to, planning and developing new technologies for AR glasses, as well as new products such as smart audio glasses and AI glasses.
Hengxuan Technology (688608) focuses on the research and development of audio and video SoC main control chips in the field of smart wearables and smart homes, and its chip products are widely used in Bluetooth headsets, smart watches, smart speakers and other terminal products, and its products and technical capabilities have been widely recognized by brand customers.
The main business of Jingchen Co., Ltd. (688099) is the R&D, design and sales of multimedia intelligent terminal SoC chips, which are mainly used in cutting-edge fields such as smart set-top boxes, smart TVs, AI audio and video system terminals, wireless connections and vehicle infotainment systems.
Intelligent manufacturing has become the commanding heights of a new round of competition, and smart factories are important application scenarios
Recently, the World Economic Forum announced that 22 innovative manufacturing companies have joined the Global Lighthouse Network, bringing the total number of members to 172. It is worth noting that 13 of the 22 new lighthouse factories are from China. According to reports, the new lighthouse factory has increased labor productivity by an average of 50%, thanks to the various digital solutions they have implemented, such as interactive training programs, smart devices and wearables, as well as automation systems that integrate robotics, artificial intelligence and machine vision technology.
Intelligent manufacturing, as a product of the deep integration of a new generation of information technology and manufacturing, is not only a technological innovation, but also a profound reshaping of the traditional production model, industrial structure and value chain, and has become the commanding heights of a new round of competition in the global manufacturing industry. According to the "China Intelligent Manufacturing Industry Development Report (2022)", the scale of smart factories in mainland China was 856 billion yuan in 2020 and is expected to exceed 1.4 trillion yuan in 2025, with a compound growth rate of 10%.
Among the listed companies, Ruisong Technology (688090) has accumulated a number of core technologies in robot control and simulation, automation system technology, advanced welding technology, intelligent assembly and positioning, industrial Internet application and other aspects. The company provides intelligent manufacturing solutions and production lines for customers' lighthouse factories.
Yitong Century (300310) can provide a series of services such as scheme design, product supply, scheme integration, engineering implementation, and maintenance support for industrial Internet applications.
TongTech (300379) digital transformation business is mainly oriented to the fields of energy and power, public safety, smart emergency response, national defense and military industry, and assists government and enterprise customers in providing a series of products and solutions in asset digitalization, operation digitalization, decision-making digitalization, business digitalization, etc., and has accumulated many successful cases in many industries such as State Grid, public security, industry and information technology, and emergency response.
The first top-level design of "development and utilization of public data resources" has been implemented, and these two major subdivisions have benefited the most
On October 9, the Office of the CPC Central Committee and the Office of the State Council officially announced the "Opinions on Accelerating the Development and Utilization of Public Data Resources". The opinions mention that by 2025, the system and rules for the development and utilization of public data resources will be initially established, data products and services will be continuously enriched, and the development and utilization of public data resources in key industries and regions will achieve remarkable results; By 2030, the resource development and utilization system will be fully completed. In addition, for the first time, the Opinions clarify that public data can be authorized to operate. Guide and promote the conditional and free use of public data products and services for public governance and public welfare undertakings. Where it is truly necessary to charge fees for public data for-profit products and services used for industrial development or industry development, implement government-guided pricing management.
The "Opinions" is the first top-level design document at the central level to set rules and directions for the development and utilization of public data. According to industry insiders, the "Opinions" start from the two perspectives of mobilizing the power of the supply side and stimulating the vitality of the demand market, and provide a guide for promoting the compliant and efficient circulation and use of public data. In particular, clarifying and standardizing the authorized operation of public data as an important way to develop and utilize public data resources is of great significance for mobilizing multiple forces to participate, fully exploiting the value of data, and promoting high-quality economic and social development. The agency believes that the top-level design is the beginning of the intensive release of policies in the fourth quarter, and it is expected that the follow-up policies are already on the way, and it is recommended to pay attention to companies in the fields of public data authorization operation and data element X.
China Electronics Cloud, a subsidiary of Shensanda A (000032), aims to build a full-stack business chain of data elements, including provincial and municipal public data governance and supply, data operation services, data registration and data circulation transactions, etc., on the basis of data operation projects, and jointly incubate a number of data products with ecological partners, and strive to achieve integration with data exchanges, so as to accelerate the scenario-driven supply and demand matching process.
Huibo Yuntong (301316) attaches great importance to the important value of data elements in the transformation and development of the financial industry, and helps the financial industry customers it serves to effectively improve the ability of scenario-based financial services through the efficient use of compliance data, and truly realize more efficient and differentiated digital service capabilities.
The Office of the Central Committee and the Office of the State Council issued a document to accelerate the development and utilization of public data resources
The Office of the CPC Central Committee and the Office of the State Council issued the "Opinions on Accelerating the Development and Utilization of Public Data Resources" on October 9. This is the first time that the central level has systematically deployed the development and utilization of public data resources. The opinions put forward to prosper the development ecology of the data industry. By 2025, systems and rules for the development and utilization of public data resources will be initially established, the scale and quality of resource supply will be significantly improved, data products and services will be continuously enriched, the development and utilization of public data resources in key industries and regions will achieve remarkable results, a number of data element enterprises will be cultivated, and the role of public data resource elements will initially appear.
At present, data, as a new factor of production, has been deeply integrated into all fields of economy and society, and accelerating the construction of a digital economy with data as a key element is inseparable from the support of the strong data industry. This year's "Government Work Report" proposes to "further promote the innovation and development of the digital economy", of which the data industry is an important part. Cultivating the data industry is an important part of the reform of the market-oriented allocation of data elements, and it is also an important part of cultivating the digital economy and developing new quality productivity. The rapid growth of the mainland's data industry is expected to maintain an average annual growth rate of more than 20% in the next few years, and the market size is expected to reach 100 billion yuan by 2028.
A-share related concept stocks mainly include Tianyuan Dike (300047), Taiji shares (002368), etc.
SpaceX will conduct the fifth Starship test flight, and the development of satellite Internet will be accelerated
According to SpaceX, the company plans to conduct the fifth flight test of Starship on October 13, subject to approval from the United States Federal Aviation Administration (FAA). The FAA has repeatedly said that the flight test may be postponed until November. Domestically, the Qianfan Constellation (G60) will carry out the second network-Arrow 18 satellite launch, and there may be two more orbital launch missions to be carried out in 2024.
According to Haitong Securities Research Institute, China's low-orbit satellite Internet constellation plan includes the GW constellation, the G60 constellation and the Honghu-3 constellation, totaling more than 36,000 satellites. The mainland is expected to launch about 3,900 satellites by 2027, and the total number is expected to exceed 6,000 by 2030. In terms of production capacity layout, Beijing, Shanghai and other places have actively responded to national policies to promote the construction of satellite manufacturing bases and improve the capacity of satellite batch production.
Chaojie Co., Ltd. (301005) has set up a specialized commercial aerospace business team, mainly for the manufacture of commercial rocket body structural parts, including shell segments, fairings, engine valves, etc.;
Shanghai Hanxun (300762) participated in the construction of the Thousand Sails constellation. Responsible for the development of communication payloads and promote commercial and low-cost satellite applications.
The head manufacturers accelerate technological innovation, and the folding screen industry chain is booming or continuing
Microsoft's new mobile phone patent was recently filed by the United States Patent and Trademark Office (USPTO), which shows a folding screen "Surface Phone" device with a hinge that rotates 360 degrees. The folding screen under the new patent can be switched to traditional mobile phones, tablets, laptops and other productivity forms according to the different needs of users in the case of cooperating with the system. In addition, the list announced by the State Intellectual Property Office on October 1 showed that Xiaomi had obtained a new invention patent for electronic devices, envisioning a new form of folding mobile phones in the future, which can be disassembled.
Benefiting from technological innovations such as hinges and screens and the improvement of the yield rate of the industrial chain, the experience of folding screen mobile phones in terms of quality, lightness, thinness, and price is expected to continue to improve, and the penetration rate will increase.
According to Counterpoint Research, global folding screen smartphone shipments increased by 48% year-on-year in the second quarter of 2024, with China accounting for more than half of the global folding screen phone market shipments. According to IDC consulting, in the second quarter of 2024, China's folding screen mobile phone market shipped about 2.57 million units, a year-on-year increase of 104.6%, of which Huawei ranked first with a market share of 41.7%. IDC predicts that with the launch of a new generation of folding screen products from more manufacturers in the second half of the year, as well as the expansion of folding screen product lines from manufacturers such as Honor and Xiaomi, China's folding screen market will still achieve rapid growth in the second half of the year, and it is expected that the shipments of China's folding screen mobile phone market will reach 10.68 million units in 2024, a year-on-year increase of 52.4%, and it is expected to exceed 17 million units by 2028, with a five-year compound growth rate of 19.8%.
In addition, the third and fourth quarters are the traditional peak seasons for the consumer electronics industry, and Apple and Android system manufacturers will continue to release new machines, which is expected to drive the valuation center of the consumer electronics industry upward.
You can pay attention to companies related to the folding screen industry chain, such as Dongmu (600114), Visionox (002387), etc.
The semiconductor industry chain ushered in a pre-increase in performance, and institutions are optimistic about the increase in industry demand
On the evening of October 9, a number of semiconductor industry chain companies issued a pre-increase announcement for the third quarter: crystal integration (688249) is expected to increase by 744% to 838%, due to the rebound of the industry's prosperity, the company's production capacity has continued to be full since March this year, and the OEM price of some products has been adjusted since June; Weir shares (603501) are expected to increase by 515% to 570%, due to the continuous recovery of market demand and the growth of downstream customer demand, the company's products in the high-end smartphone market continue to penetrate the autonomous driving application in the automotive market; Telink Micro (688591) is expected to increase by about 74%, due to the continuous growth of I0T products and audio production line revenue.
Debang Securities Research Institute believes that AI will be the largest increase in demand for semiconductors, and is expected to gradually sink from high-end computing chips, memory chips, and advanced packaging industry chains to consumer electronics terminals. With the implementation of products such as Al phone and AIPC, end-side AI is expected to follow suit, and it is optimistic about the demand for related AIOT chips, analog chips, and memory chips. In addition, the intelligence of electric vehicles will also drive the demand for chips, and fully autonomous vehicles are designed with lidar sensors, 5G communication and image recognition systems, and their semiconductor components are expected to be 8 to 10 times that of non-autonomous vehicles. At present, the semiconductor sector has come to the bottom of the cycle, focusing on analog, storage, IoT, power semiconductors and other sectors.
For the first time, domestic "made in Anhui" turbine blades were applied to large aircraft engines
Recently, the superalloy blades independently developed and produced by Anhui Yingliu Group have been applied to the commercial engines of "large aircraft" such as C919 and C929, realizing the first domestic production, thus breaking the long-term monopoly and technical blockade of foreign countries.
The successful research and development of superalloy blades has successfully broken the foreign monopoly and realized the independent development of core components, which is of great significance for the independent development of advanced two-machine industries in mainland China and the enhancement of the resilience and safety of the industrial chain and supply chain. At the same time, its extended technical achievements can serve the aviation, aerospace and gas turbine markets, which is of great significance to improve the level of high-end equipment manufacturing in the mainland. According to AECC Commercial Aero Engine's 2022-2041 Commercial Engine Market Forecast Report, in the next 20 years, the delivery of commercial aero engines in the Chinese market will be about 18,000 units, with a delivery value of more than US$300 billion, and the aftermarket is expected to reach more than US$16 billion per year.
Related listed companies, you can pay attention to: Yingliu shares (603308) Actively carry out the optimization and improvement of the YLWZ-190 engine, study to improve the power of the YLWZ-190 engine, reduce fuel consumption; In cooperation with relevant units, we studied and organized the implementation of the YLWZ-190 engine using ammonia fuel test program; Completed the assembly and test run of the YLWZ-300 engine, and delivered it to a unit to complete the joint commissioning with the power generation system, and the engine ran smoothly.
Hangfa Power (600893) and its subsidiaries are deeply involved in the supporting production of domestic commercial engine parts, and with the advancement of the development process of domestic commercial aircraft engines in the future, the company's participation in the civil aircraft engine market will continue to strengthen. 3) Aviation engine control (000738) At present, the aero engine and gas turbine control system business is the largest business segment accounting for about 90%.
The third quarterly report disclosed the launch of the investment opportunities of innovative drugs
On October 8, China Biopharmaceutical, a leading domestic pharmaceutical company, announced that its subsidiary, Chia Tai Tianqing Pharmaceutical Group Co., Ltd., signed an exclusive license and cooperation agreement with Wuhan Youzhiyou Biopharmaceutical Co., Ltd. According to the agreement, CT Tianqing will pay an upfront payment of approximately RMB315 million and R&D milestones to Youzhiyou Biotech for the licensed products, and a sales milestone payment of up to RMB700 million, as well as a single-digit to low-double-digit percentage of annual net sales.
In addition, China's innovative drugs continue to attract the attention of domestic and foreign pharmaceutical giants. On October 7, CSPC and AstraZeneca entered into an exclusive licensing agreement, under which AstraZeneca will receive the YS2302018 of CSPC's preclinical small molecule drug candidates, while CSPC will receive an upfront payment of US$100 million and will be eligible for up to US$1.92 billion in development and commercialization milestone payments in the future, as well as tiered royalties.
Recently, a number of listed pharmaceutical companies have announced their third quarterly performance forecasts. Judging from the disclosure, the performance expectations of some companies have increased, and the net profit attributable to the parent company of some companies in the third quarter is expected to increase by about 200%. As more and more domestic innovative drugs successfully knock on the door of the US and European markets and achieve explosive sales growth, the performance growth rate of leading companies is expected to accelerate, and it is recommended to pay attention to BeiGene (688235) and Hisco (002653).
Open up inter-satellite links to achieve accurate global services of the Beidou Navigation Satellite System
According to reports, the scientific research team of Yang Jun, a professor at the National University of Defense Technology, continued to carry out scientific research and invented a three-in-one global constellation elastic multi-mode inter-satellite link of the large and complex constellation "precision measurement chain", "global control chain" and "time-sensitive data link", and set up a "sky road" between satellites and satellites, satellites and ground stations, eliminating blind spots in overseas areas and enabling the Beidou satellite navigation system to provide global services.
The application upgrade of the Beidou system is activating the digital economy and the real economy. According to market data, the output value of the Beidou navigation and location service industry continues to grow, and the overall output value of the mainland satellite navigation and location service industry will reach 536.2 billion yuan in 2023, a year-on-year increase of 7.09%. In addition, the associated output value derived from satellite navigation applications and services increased by 7.79% year-on-year to 375.1 billion yuan, accounting for 69.96% of the total output value. These data show that the Beidou navigation system has not only developed rapidly, but also driven the rapid growth of related industries.
A-share related concept stocks mainly include China Haida (300177), Hager Communications (002465), etc.
Pig market sentiment picks up Pig companies remain optimistic about pig prices in the fourth quarter
After the National Day, hog futures ran strongly and rose for two consecutive days. On the 9th, the live pig owner contract closed at 17,605 yuan/ton, up 2.44%. According to the data of Soujiao.com, the national lean pigs have risen since October 4 and have risen for five consecutive days, an increase of about 4%. Before the holiday, the group field and retail investors are actively slaughtered, resulting in a large increase in short-term supply in the market, in the early stage of the holiday in the process of falling pig prices, the second breeding entry is relatively cautious, and the retail investors are relatively limited, around October 3, the three eastern provinces have fully entered the 8 yuan range, retail investors are reluctant to sell sentiment gradually, superimposed standard fertilizer price spread to expand, the second fattening sentiment is heating up, pig prices have stabilized in recent days, although the post-holiday consumption is light although the price has a restrictive effect, but before the holiday large weight pig pressure release and low feed costs give retail investors confidence in the bar. In addition, after the National Day, the weather will be further cooler, the market pork consumption will gradually enter the peak season, and after the Mid-Autumn Festival and the National Day digestion, the pressure on the breeding end of the large pig herd has been eased, and the follow-up pig prices will also be strong.
At the level of listed companies, before the National Day, three companies, including New Wufeng, Superstar Agriculture and Animal Husbandry, and Shennong Group, held a collective roadshow in the pig industry at the SSE Roadshow. Although the spot price of domestic live pigs has fallen to around 18 yuan/kg, most companies remain cautiously optimistic about pig prices in the fourth quarter of this year. At present, the valuation of the pig breeding sector has fallen to a low level, and you can pay attention to the pig breeding sector on dips, such as Muyuan shares (002714), Shennong Group (605296), etc.