financial Associated Press, May 4, what capital market events happened during the May Day holiday? The highlights are summarized as follows:
macro and market highlights
Xi Jinping in the 38th collective study of the Political Bureau of the CPC Central Committee, it was emphasized to standardize and guide the healthy development of Chinese capital according to law and give full play to the positive role of capital as an important factor of production
On the afternoon of April 29, the Political Bureau of the CPC Central Committee conducted the 38th collective study on standardizing and guiding the healthy development of Chinese capital according to law. When presiding over the study, general secretary Xi Jinping of the CPC Central Committee stressed that capital is an important factor of production in the socialist market economy. Standardizing and guiding capital development under the conditions of the socialist market economy is not only a major economic issue, but also a major political issue, a major practical issue and a major theoretical issue. It is related to adhering to the basic socialist economic system and the basic national policy of reform and opening up, It is related to high-quality development and common prosperity, national security and social stability. We must deepen our understanding of China’s various types of capital and their role in the new era, standardize and guide the healthy development of capital, and give full play to its positive role as an important factor of production.
Qiushi magazine published Xi Jinping general secretary’s important article “accelerating the construction of a strong country in science and technology and realizing high-level scientific and technological self-reliance”
The 9th issue of Qiushi magazine, published on May 1, will publish the important article “accelerating the construction of a strong country in science and technology and realizing high-level self-reliance in science and technology” by Xi Jinping the general secretary of the CPC Central Committee, President of the state and chairman of the Central Military Commission.
The article emphasizes that the cause of science and technology has always had a very important strategic position and played a very important strategic role in the cause of the party and the people. China’s scientific and technological strength is moving from quantitative accumulation to qualitative leap, from point breakthrough to system capability improvement. Based on the new development stage, implementing the new development concept, building a new development pattern and promoting high-quality development, we must face the world’s scientific and technological frontier, the main economic battlefield, major national needs and people’s life and health, deeply implement the strategy of rejuvenating the country through science and education, the strategy of strengthening the country with talents and the strategy of innovation driven development, improve the national innovation system, speed up the construction of a strong country in science and technology and realize high-level scientific and technological self-reliance and self-improvement.
the central bank and the national development and Reform Commission decided to carry out the pilot of special refinancing for inclusive elderly care in five provinces including Zhejiang, Jiangsu, Henan, Hebei and Jiangxi
According to the requirements of the executive meeting of the State Council, the people’s Bank of China and the development and Reform Commission decided to carry out the pilot work of special refinancing for inclusive elderly care, guide financial institutions to provide preferential loans to inclusive elderly care institutions, and reduce the financing cost of elderly care institutions. The pilot amount of Pratt & Whitney pension special refinancing is 40 billion yuan, the interest rate is 1.75%, the term is one year, which can be extended twice, and financial support is provided in the same amount as the loan principal issued by financial institutions. The pilot financial institutions are 7 national large banks, including China Development Bank, export import bank, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) . The pilot areas are five provinces including Zhejiang, Jiangsu, Henan, Hebei and Jiangxi.
the United States starts the review procedure of tariff increase on China
According to Xinhua news agency today, the office of the US trade representative announced on the 3rd that the two actions of imposing tariffs on Chinese goods exported to the United States four years ago based on the results of the so-called “301 survey” will end on July 6 and August 23, respectively. From now on, the office will start the legal review procedure for relevant actions. The office of the U.S. trade representative issued a statement on the same day that it would inform those U.S. and Chinese industry representatives who benefit from the increased tariffs on China that the relevant tariffs may be cancelled. Industry representatives can apply to the office to maintain the increased tariffs before July 5 and August 22, respectively. The office will review the relevant tariffs on the basis of the application, and these tariffs will be maintained during the review. Dai Qi, US trade representative, said at the event on the 2nd that the US government would take all policy measures to curb the soaring prices, suggesting that the reduction of tariffs on Chinese goods exported to the United States would be considered.
the people’s Bank of China increased the special refinancing line of 100 billion yuan to support the development and use of coal and enhance the capacity of coal reserves
The people’s Bank of China increased the amount of special refinancing of 100 billion yuan to support the development and use of coal and enhance the capacity of coal reserves. The additional 100 billion yuan of special refinancing line is specially used in fields related to coal development and use and enhancing coal reserve capacity. The specific support fields include: first, coal safety production and reserve. Including modern coal mine construction, green and efficient technology application, intelligent mine construction, coal mine safety transformation, coal washing, coal reserve capacity construction and other projects. The second is the field of coal power supply guarantee for coal power enterprises. Financial institutions should give priority to supporting project loans for coal safety production and reserves. In the field of ensuring the supply of electricity and coal for coal power enterprises, working capital loans issued by financial institutions for coal power enterprises to purchase coal can apply for special refinancing support as required.
China’s official manufacturing PMI in April was 47.4
Data released on Saturday showed that China’s official manufacturing PMI in April was 47.4, up from 49.5 China’s non manufacturing PMI in April was 41.9, up from 48.4.
industry highlights
Tesla will set up a second plant in Shanghai, and the annual output is expected to exceed 1 million
According to China Securities News reported today, multiple sources cross verified that Tesla has made it clear that it plans to build another new factory near the current port super factory of the Shanghai factory to expand production capacity. The new plant is expected to produce model 3 and model y models with an annual capacity of 450000 vehicles. After the expansion of the new plant is completed, it will help Tesla to increase the total capacity of the Shanghai plant to 1 million vehicles per year.
pico will raise the shipment target of VR equipment this year to 1.8 million
According to the report of Shanghai Securities News today, a number of media and sources revealed that due to the marketing effect far exceeding expectations, byte beat will raise the sales target of its company Pico’s VR products to 1.8 million units in 2022, compared with the original target of about 1 million units. An insider said that with the further development of the whole content ecology, the industry will enter a period of rapid development in the future.
Huangshi, Hubei: 50% deed tax subsidy for purchasing new houses in Huangshi City
The financial Associated Press reporter learned last Saturday that six departments, including the housing and Urban Rural Development Bureau and the Finance Bureau of Huangshi City, Hubei Province, jointly issued the notice on promoting the stable and healthy development of the real estate industry in Huangshi City on April 29. The notice made it clear that the purchase cost will be further reduced, and 50% deed tax subsidies will be given to those who buy new commercial houses in Huangshi City; Among them, those who buy the first set of newly-built commercial housing in dayehu New Area (Jinshan and Wangren areas) will be given 100% deed tax subsidy.
Guide financial institutions to increase the investment of personal housing mortgage loans. At this stage, the interest rate of the first commercial personal housing loan is reduced to 5.2%, and that of the second house is reduced to 5.4%.
Shangrao, Jiangxi Province issued a new deal on the real estate market: reducing the proportion of down payment of loans and issuing house purchase subsidies
The financial Associated Press reporter learned on Saturday that the people’s Government Office of Shangrao City, Jiangxi Province has issued eight measures to stabilize the property market, which stipulates that the minimum down payment proportion of the first house will be reduced to 20% and the minimum down payment proportion of the second house will be reduced to 30%. In addition, phased house purchase subsidies will be implemented. During the period from May 1, 2022 to December 31, 2022, new commercial houses in the central urban area will be purchased, and the deed tax will be paid before June 30, 2024. If they are purchased for the first time, a subsidy of 300 yuan / square meter will be given; If it is an improved type, a subsidy of 200 yuan / square meter will be given. The above measures will be implemented from May 1, 2022.
Huizhou, Guangdong issued a new property market policy and cancelled the purchase restrictions in Huiyang District and Dayawan District
On April 30, the website of Huizhou housing and Urban Rural Development Bureau issued the notice on promoting the healthy development and virtuous cycle of the real estate industry. The notice puts forward policy support from six aspects: real estate credit, provident fund support, optimizing pre-sale funds, improving the quality of transferred plots, improving housing sales policies, and improving the convenience of house purchase and living quality. Due to the implementation of urban policies, Huizhou will promote the virtuous circle and healthy development of the real estate industry, and further meet the self occupied demand and improved housing demand of talents and new citizens in Huizhou. The notice made it clear that meeting the reasonable housing needs within the scope of Huiyang District and Daya Bay Economic and Technological Development Zone will no longer be included in the key areas of purchase restriction.
Dongguan cancels the “double half year” restriction on new home purchase and can buy a house upon settlement
The financial Associated Press reporter learned last Friday that recently, the “Dongguan e subscription” applet of Dongguan housing and Urban Rural Development Bureau updated the city’s house purchase policy. From May 1, 2022, the “double half year” restriction on new house purchase will be cancelled, and the house can be purchased after settlement. At the same time, the time requirements for the payment of social security and individual income tax are reduced. Families of non registered residence residents who have a bachelor’s degree or above, a junior professional title or above, or a technician’s qualification or above can purchase the first set of commercial housing in the city. Instead, those who have paid social security or individual income tax certificates for more than 6 months within 2 years can purchase the first set of commercial housing in the city; For the purchase of the second commercial housing, the certificate of social security or individual income tax paid for more than 24 months in the city within 3 years before the date of purchase must be provided. In addition, the practice of reviewing the purchase qualification before the introduction of the “Dongguan nine articles” on July 25, 2020 will be resumed, which recognizes both social security and individual income tax.
Ningbo is the first country to promote the policy of guaranteed and limited price payment for implant dentists. The whole process of domestic teeth is 3000 yuan
According to surging News reported on Friday, Ningbo Medical Security Bureau announced that the country took the lead in comprehensively launching the price limit payment policy for planting dentists, and organized 100 medical institutions to carry out collective signing. It was learned from the bureau that by comprehensively considering the costs of manufacturers and the service expenses of medical institutions, Ningbo Medical Insurance Bureau limited the price of consumables to domestic 1000 yuan and imported 1500 yuan, and the medical service expenses of medical institutions (Level II and below) to 2000 yuan. In other words, as long as you choose the implant teeth in the catalogue, it costs only 3000 yuan for a domestic one and 3500 yuan for an imported one.
Key news of the company
Byd Company Limited(002594) shares: 106042 new energy vehicles were sold in April, with a year-on-year increase of 313.22%
Hong Kong stocks of Byd Company Limited(002594) shares announced yesterday that 106042 new energy vehicles were sold in April, compared with 25662 in the same period of last year, a year-on-year increase of 313.22%; In the first four months, the cumulative sales volume was 392371, with a year-on-year increase of 387.94%. There was no output and sales of fuel vehicles in April.
Andon Health Co.Ltd(002432) : it is proposed to use no more than 2.7 billion yuan to carry out securities investment and derivatives trading
Andon Health Co.Ltd(002432) last Friday announced that it plans to use its own funds in foreign currencies of no more than 2.7 billion yuan or equivalent to carry out securities investment and derivatives trading. The company plans to mainly select bond, fixed income and fixed income products with high qualification and low risk of issuers, as well as derivative instruments with hedging function against exchange rate fluctuation risk. It was announced on the same day that the board of directors agreed that the company would use idle self owned funds of no more than 9.5 billion yuan or equivalent foreign currencies to purchase investment products issued by banks, securities companies and other financial institutions with high safety, low risk and good liquidity Andon Health Co.Ltd(002432) at the same time, the first quarter report was disclosed, and the company realized an operating revenue of 21.737 billion yuan, a year-on-year increase of 664679%; The net profit was 14.312 billion yuan, a year-on-year increase of 3752735%; The basic earnings per share is 31.392 yuan. The annual report was disclosed on the same day. In 2021, the net profit was 909 million yuan, with a year-on-year increase of 274.96%. It is proposed to pay 7 yuan out of 10. Xiaocai note: the net profit of Q4 in 2021 was 859 million yuan. Based on this calculation, the net profit in the first quarter of 2022 increased by 1566% month on month.
Yonghui Superstores Co.Ltd(601933) : net profit of 502 million yuan in the first quarter, with a year-on-year increase of 205354%
Yonghui Superstores Co.Ltd(601933) last Friday disclosed the first quarterly report, which realized an operating revenue of 27.243 billion yuan in the first quarter, a year-on-year increase of 3.45%; The net profit was 502 million yuan, a year-on-year increase of 205354%; The basic earnings per share is 0.06 yuan.
Yihai Kerry Arawana Holdings Co.Ltd(300999) : the net profit in the first quarter decreased by 93% year-on-year, and the product cost increased sharply
Yihai Kerry Arawana Holdings Co.Ltd(300999) disclosed the first quarter report last Friday, realizing an operating revenue of 56.536 billion yuan, a year-on-year increase of 10.68%; The net profit was 114 million yuan, a year-on-year decrease of 92.71%; The basic earnings per share is 0.02 yuan. In the first quarter, the prices of the company’s main raw materials such as soybean, soybean oil and palm oil rose rapidly and sharply, resulting in a sharp rise in product costs. Although the company raised the prices of some products, it did not fully cover the rise in raw material costs, and the gross profit margin of the company’s main products decreased significantly year-on-year. Xiaocai note: the net profit of Q4 in 2021 was 451 million yuan. Based on this calculation, the net profit in the first quarter of 2022 decreased by 74% month on month.
Contemporary Amperex Technology Co.Limited(300750) : net profit in the first quarter decreased by 23.62% year-on-year
Contemporary Amperex Technology Co.Limited(300750) last Friday, the first quarter report was disclosed. During the reporting period, the company achieved an operating revenue of 48.678 billion yuan, a year-on-year increase of 153.97%; The net profit attributable to the parent company was 1.493 billion yuan, a year-on-year decrease of 23.62%; The basic earnings per share is 0.6439 yuan. Xiaocai note: the net profit of Q4 in 2021 was 8.18 billion yuan. Based on this calculation, the net profit in the first quarter of 2022 decreased by 81.75% month on month.
overseas highlights
2022 essence of Buffett’s general meeting
The 2022 Berkshire Hathaway shareholders’ meeting was held in Omaha on April 30 local time. Investment masters Warren Buffett and Charlie Munger gave wonderful answers to the topics concerned by investors. The main points of the shareholders’ meeting are as follows:
Buffett said the stock market has been volatile and unpredictable in the past two years. Encouraged by Wall Street, the stock market is like a casino, where everyone gambles.
② Munger said that the reason for investing in China is to be able to buy better companies at lower prices.
Buffett said that the company will consider repurchase in the future, but it depends on its own company’s valuation and investment in the same period. The company will weigh whether to use funds to repurchase shares or invest in other companies.
Buffett said that after Microsoft officially announced the acquisition of Activision Blizzard, they were still buying its shares.
⑤ Buffett said that the best investment under high inflation is to invest in yourself.
⑥ Buffett said that we are not very good at accurately grasping the investment opportunity. We just buy when we think the investment object is cheap.
Buffett said that in some countries, investing or acquiring enterprises is much more complicated than in the United States.
Buffett said that although the market will do crazy things, Berkshire invests not because it is smart, but because it is rational enough.
