Important information affecting the market over the weekend includes: on January 17, the central bank has synchronously lowered the standing lending convenience interest rate by 0.1 percentage points; Ten ministries and commissions including the national development and Reform Commission: accelerate the popularization and application of power exchange mode, and strengthen the innovation and standard support of charging and power exchange technology; Byd Company Limited(002594) raise the official guidance price of new energy models by 1000-7000 yuan.
macro and market highlights
Li Keqiang: macro policies should be more targeted and reasonably strengthened
Premier Li Keqiang chaired a symposium on the 20th to listen to the opinions and suggestions of experts, scholars and business people on the draft of the government work report. Li Keqiang said that we should maintain the continuity and stability of macro policies, enhance pertinence, reasonably increase policy efforts, and pay attention to interval regulation and directional regulation. We will implement a combined policy of large-scale tax reduction and fee reduction. We will not engage in flood irrigation or extensive irrigation, maintain reasonable and sufficient liquidity, take comprehensive measures to reduce the financing costs of enterprises, especially small, medium-sized and micro enterprises, and strengthen support for the real economy. We will give priority to employment and promote market-oriented and socialized employment. We will ensure the supply of electricity, coal and other energy sources and stabilize grain production. We will stimulate market vitality with greater reform, adhere to the two unwavering principles, and promote the common development of enterprises of all types of ownership. Optimize the business environment, improve and strengthen market supervision. We will give better play to the role of domestic demand and promote the expansion of effective investment and consumption.
on January 17, the central bank has synchronously lowered the standing lending convenience interest rate by 0.1 percentage points
Recently, the reporter learned from the people’s Bank of China that after the bid winning interest rates of open market operation and medium-term lending facilities decreased by 0.1 percentage points respectively on January 17, the people’s Bank of China simultaneously reduced the standing lending facility interest rate by 0.1 percentage points on the same day, of which the overnight interest rate was reduced from 3.05% to 2.95%, the seven-day interest rate was reduced from 3.20% to 3.10%, and the one-month interest rate was reduced from 3.55% to 3.45%. Since January 17, the branches of the people’s Bank of China have implemented the reduced standing lending convenience interest rate.
the Ministry of human resources and social security and other four departments once again provided administrative guidance to 11 platform enterprises to protect the rights and interests of workers in new employment forms
Recently, the Ministry of human resources and social security, together with the Ministry of transport, the State Administration of market supervision and the all China Federation of trade unions, once again carried out administrative guidance on safeguarding the labor security rights and interests of workers in the new employment form to 11 head platform enterprises such as meituan, hungry, Didi, Cao Cao, dada, flash delivery, huolala, manbang, Jiajia group, Alibaba and Tencent. The meeting stressed that platform enterprises should fully and accurately understand the policy requirements, deeply understand the demands of workers on the basis of preliminary work, strengthen the supervision of employment cooperative enterprises to protect the rights and interests of workers, continuously improve the platform algorithms and labor rules, and improve the system and mechanism for enterprises to protect the rights and interests of workers in new forms of employment.
the supreme law issued several provisions on the trial of civil compensation cases for misrepresentation infringement in the securities market
The Supreme People’s Court issued several provisions of the Supreme People’s Court on the trial of civil compensation cases of false statements in the securities market. The several provisions further refine and clarify the constituent elements and investigation mechanism of civil compensation liability for misrepresentation infringement in the securities market: the administrative and criminal pre procedure stipulated in the original judicial interpretation is cancelled, and the litigation rights of damaged investors are fully guaranteed in a timely manner; The definition of false statements such as false records, misleading statements, major omissions and failure to disclose as required is clarified, the predictive information safe harbor system is stipulated, and the key contents such as implementation date, disclosure date, materiality and transaction causality in the identification of false statements are optimized and improved.
1.3738 million new investors were added in December, up 2.71% month on month
According to China’s settlement data, the number of new investors in December was 1.3738 million, an increase of 2.71% month on month.
industry highlights
ten ministries and commissions such as the national development and Reform Commission: accelerate the popularization and application of power exchange mode and strengthen the innovation and standard support of charging and power exchange technology
The national development and Reform Commission and other ten ministries and departments issued opinions to further improve the service guarantee capacity of electric vehicle charging infrastructure. The opinions mentioned to strengthen the technical innovation and standard support of charging and replacing electricity. Accelerate the formulation, promotion and application of high-power charging standards, strengthen cross industry cooperation, and promote the collaborative upgrading of all parties in the industry. Promote the research and development of new technologies such as wireless charging and automatic unmanned charging. Promote the formation of unified power exchange standards in major application fields and improve the safety, reliability and economy of power exchange mode. Improve the data interaction standards between batteries and charging facilities of new energy vehicles. Accelerate the popularization and application of power exchange mode. Around the scenes of mines, ports and urban transfer, support the construction and layout of special power exchange stations, accelerate the exploration and promotion of vehicle electricity separation mode, and promote the electrification transformation of heavy trucks and container trucks in the port. Explore the shared power exchange mode in the fields of leasing, logistics and transportation, and optimize and improve the shared power exchange service.
national development and Reform Commission: the charging support capacity will be further improved at the end of the 14th five year plan, with the goal of meeting the charging demand of more than 20 million electric vehicles
Implementation opinions of the national development and Reform Commission and other departments on further improving the service guarantee capacity of electric vehicle charging infrastructure. By the end of the 14th five year plan, China’s electric vehicle charging support capacity will be further improved, and a moderately advanced, balanced, intelligent and efficient charging infrastructure system will be formed, which can meet the charging demand of more than 20 million electric vehicles.
Shanghai mayor Gong Zheng: Shanghai will strengthen the layout of vehicle specification chip production to solve the problem of “lack of core”
After the closing of the sixth session of the 15th Shanghai Municipal People’s Congress, the municipal government held a press conference at the Expo Center. Shanghai mayor Gong Zheng met with reporters and answered questions from the media. In response to a question on the development of new energy vehicles, Gong Zheng said that in recent years, Shanghai has launched a number of support policies from both supply and demand sides, and will also issue implementation opinions in the near future, such as promoting infrastructure construction such as charging and changing electricity. Many new energy vehicles are intelligent networked vehicles. Since the second half of last year, the problem of “core shortage” of intelligent networked vehicles is relatively serious. Therefore, Shanghai is also strengthening the production of vehicle specification chips to solve the problem of “core shortage” as soon as possible. In the next step, we will continue to comprehensively promote technology R & D standards, formulate and promote application data security and infrastructure construction, and accelerate the cultivation and development of new advantages in the new energy vehicle competition.
last period: more measures conducive to steady growth, such as “option production stabilization action” and “futures price stabilization order”, will be launched in 2022
Shanghai futures exchange held the 2022 working meeting. The meeting pointed out that in 2022, we should adhere to stability and fully support “stable growth”. Achieve the goal of “stability”, resolutely curb excessive speculation and severely crack down on violations of laws and regulations; Sufficient “stable” policies and more measures conducive to stable growth, such as “option stable production action” and “futures stable price order”; Guide the expectation of “stability”, strengthen pre research and pre judgment, and respond to market hot spots in time.
We should focus on key varieties and take multiple measures to guide entities to use futures prices as trade benchmarks to enhance price influence; Steadily build a national bulk commodity warehouse receipt registration center on the site to help the construction of a unified big market; We will further promote institutional openness, actively serve the national “double carbon” goal, and steadily promote green transformation and development.
Ge Lan was promoted to 100 billion fund manager, with a management scale of 110.339 billion in 2021, a month on month increase of 13.75%
The five funds managed by Glenn released the fourth quarter report of 2021 today. By the end of 2021, Ge Lan’s management scale had exceeded 100 billion yuan, reaching 110.339 billion yuan, an increase of 13.338 billion yuan compared with 97.001 billion yuan in the previous quarter. Among them, the scale of China EU healthcare at the end of the fourth quarter of 2021 was 77.505 billion yuan, an increase of 14.065 billion yuan compared with 63.44 billion yuan at the end of the previous quarter; The scale of China EU medical innovation at the end of the fourth quarter of 2021 was 13.094 billion yuan, an increase of 1.476 billion yuan compared with 11.618 billion yuan at the end of the previous quarter; The scale of China EU alpha at the end of the fourth quarter of 2021 was 12.811 billion yuan, a decrease of 1.601 billion yuan compared with 14.412 billion yuan at the end of the previous quarter; The scale of China EU Mingrui new starting point at the end of the fourth quarter of 2021 was 3.623 billion yuan, a decrease of 300 million yuan from 3.923 billion yuan at the end of the previous quarter; The scale of China EU research selection jointly managed with Lu Chunqing was RMB 3.306 billion at the end of the fourth quarter of 2021, a decrease of RMB 301 million compared with RMB 3.607 billion at the end of the previous quarter.
Dong Chengfei announced his resignation and officially bid farewell to Xingzheng Global Fund
After stepping down as a fund manager of all products, Dong Chengfei officially bid farewell to Xingzheng Global Fund. According to the latest announcement of Xingzheng Global Fund, Dong Chengfei, a veteran of asset management who has served in the company for nearly 19 years, will officially leave. On October 19, 2021, Dong Chengfei announced his resignation as the fund manager of Xingquan trend and Xingxin new vision.
CAAC issued the first 5g application specific guide
The Civil Aviation Administration recently officially issued the implementation plan for the construction and application of aviation 5g airport surface broadband mobile communication system. As the first specific guide for the application of aviation 5g communication technology in the field of civil aviation, the plan defines the development path and key work of aviation 5g airport surface broadband mobile communication system, aiming to accelerate the application of a new generation of aviation broadband communication technology industry and lay an important infrastructure for the construction of smart civil aviation. This also marks the prelude to the full application of aviation 5g. In terms of network construction and approval, carry out the construction of 5g aeromacs civil aviation industry application test base and pilot airport network, and complete the frequency use license, ground base station equipment use license and airborne avionics equipment airworthiness certification in accordance with relevant business management requirements.
bitcoin fell below $36000 / piece, down nearly 50% from the high in November 2021
Bitcoin fell below US $36000 / piece for the first time since July last year, down nearly 50% from the high point in November 2021. Bloomberg reported that the White House hopes to play a central role in the U.S. encrypted digital monetary policy, and the Biden administration may issue an executive order in February.
company news
Byd Company Limited(002594) raise the official guidance price of new energy models by 1000-7000 yuan
The reporter learned from Byd Company Limited(002594) officials that due to the sharp rise in the price of raw materials and the decline of new energy vehicle purchase subsidies, Byd Company Limited(002594) cars will adjust the official guidance prices of new energy models related to dynasty.com and ocean.com by 1000-7000 yuan. The price adjustment will take effect on February 1. Customers who pay a deposit before this will not be affected by the price adjustment.
Hangzhou Silan Microelectronics Co.Ltd(600460) : it is expected that the net profit in 2021 will increase by 2145% – 2165%
According to the announcement of Hangzhou Silan Microelectronics Co.Ltd(600460) , the net profit in 2021 is expected to increase by 1.45 billion yuan to 1.464 billion yuan year-on-year, with a year-on-year increase of 2145% – 2165%. The operating revenue of power management chips, MEMS sensors, IPM (intelligent power module), MOSFET, IGBT, SBD, TVs, FRD, led and other products increased significantly. In 2021, the company’s holding subsidiary, Shilan Jixin 8-inch line, basically maintained full production, and continuously optimized the product structure to achieve annual profitability; The company’s holding subsidiary Shilan Mingxin LED chip production line achieved full production, high yield and annual profit. Xiaocai note: the net profit of Q3 is 297 million yuan. Based on this calculation, the net profit of Q4 is expected to be 789 million yuan – 799 million yuan, an increase of 165% – 169% month on month. In addition, the financial Associated Press reporter learned exclusively from Hangzhou Silan Microelectronics Co.Ltd(600460) that the company has full orders and high production pressure, especially the supply of high-end MOS tubes is in short supply, which can not meet the needs of key customers.
Guotai Junan Securities Co.Ltd(601211) performance express: net profit in 2021 increased by 34.98% year-on-year
Guotai Junan Securities Co.Ltd(601211) disclosed the performance express. In 2021, the operating revenue was 42.669 billion yuan, a year-on-year increase of 21.22%; The net profit was 15.013 billion yuan, a year-on-year increase of 34.98%.
Wens Foodstuff Group Co.Ltd(300498) : it is estimated that the net loss in 2021 will be 13 billion yuan – 13.8 billion yuan
According to the announcement of Wens Foodstuff Group Co.Ltd(300498) , the net loss in 2021 is expected to be 13 billion yuan – 13.8 billion yuan, and the profit in the same period of last year is 7.426 billion yuan. During the reporting period, the company amortized equity incentive expenses of about 500 million yuan, and preliminarily accrued impairment reserves of about 2.5 billion yuan for the current inventory of consumptive biological assets and productive biological assets. Xiaocai note: as of press time, Wens Foodstuff Group Co.Ltd(300498) 2021 ranked first in A-Shares in terms of the highest amount of net profit in advance, exceeding the previous maximum amount of 11.012 billion yuan in Baiji Shenzhou.
Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) : the impact of MPP covid-19 oral drug production license on income cannot be predicted
Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) announcement: on January 7, the holding subsidiary Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) industry and MPP signed a sublicense agreement on the authorized production of covid-19 oral drug molnupiravir. This license is non exclusive; The licensed areas are 105 low-income countries / regions such as India, Pakistan and C ô te d’Ivoire, excluding China. Before the commercial production of cooperative drugs, relevant technical handover needs to be completed, and the production facilities need to be approved by SRA or certified by whopq. The production and sales of cooperative drugs in the region can only be implemented after the approval of relevant competent authorities (including but not limited to marketing approval). As of the date of this announcement, the group has no orders in hand for cooperative drugs and has not carried out relevant production, and the impact on the current and future revenue and profit of the group can not be predicted.
Ecovacs Robotics Co.Ltd(603486) : the net profit in 2021 will increase by 211% – 219%
According to the announcement of Ecovacs Robotics Co.Ltd(603486) , the net profit in 2021 is expected to be 2-2.05 billion yuan, with a year-on-year increase of 211% – 219%. The company’s product structure has been continuously optimized, and the comprehensive gross profit margin has also been significantly improved, further improving the company’s overall profitability. Xiaocai note: the net profit of Q3 is 480 million yuan. Based on this calculation, the net profit of Q4 is expected to be 670 million yuan – 720 million yuan, an increase of 39% – 50% month on month.
Advanced Micro-Fabrication Equipment Inc.China(688012) : the net profit deducted in 2021 increased by 1101% – 1315%
According to the announcement of Advanced Micro-Fabrication Equipment Inc.China(688012) , the net profit in 2021 is expected to be RMB 950 million-1.03 billion, with a year-on-year increase of 93.01% – 109.26%; The net profit deducted from non profit was 280 million yuan to 330 million yuan, with a year-on-year increase of 1100.72% to 1315.13%. During the reporting period, the company’s etching equipment revenue was RMB 2.004 billion, with a year-on-year increase of about 55.44% and a gross profit margin of 44.4%. Due to the downstream market reasons and the unrecognized revenue of the newly signed Mini led MOCVD equipment scale orders this year, the MOCVD equipment revenue was 503 million yuan, a year-on-year increase of 1.5%, but the gross profit margin of MOCVD equipment reached 33.1%, a significant increase over the previous year. Xiaocai note: the net profit of Q3 is 145 million yuan. Based on this calculation, the net profit of Q4 is expected to be 408 million yuan – 488 million yuan, an increase of 181% – 236% month on month.
Cosco Shipping Energy Transportation Co.Ltd(600026) : it is estimated that the net loss in 2021 will be 4.92 billion yuan – 5.12 billion yuan
According to the announcement of Cosco Shipping Energy Transportation Co.Ltd(600026) , the net loss in 2021 is expected to be 4.92 billion yuan – 5.12 billion yuan, and the net profit in the same period of last year is 2.37 billion yuan; During the reporting period, the group made provision for asset impairment for 94 ships, totaling about 4.96 billion yuan. Xiaocai note: as of press time, Cosco Shipping Energy Transportation Co.Ltd(600026) 2021 had the highest net profit and the amount of advance loss ranked second in a shares, second only to 11.012 billion yuan in Baiji Shenzhou.
Lecron Industrial Development Group Co.Ltd(300343) : it is expected that the net profit in the fourth quarter of 2021 will increase by 9% – 52%
Lecron Industrial Development Group Co.Ltd(300343) disclosed the performance forecast. It is estimated that the net profit in 2021 will be 290 million yuan – 340 million yuan, with a loss of 87.3832 million yuan in the same period of last year. During the reporting period, affected by the market situation of new energy lithium battery materials, the price of fluorine-containing new materials increased sharply, which is a new profit growth point of the company. By the end of the reporting period, the loss making businesses in the Internet sector had been sold. Xiaocai note: the net profit of Q3 is RMB 116 million. Based on this calculation, the net profit of Q4 is expected to be RMB 127 million-177 million, an increase of 9% – 52% month on month.
Perfect World Co.Ltd(002624) : the net profit in 2021 is expected to decrease by 75% to 77% year-on-year
According to the announcement of Perfect World Co.Ltd(002624) , the net profit in 2021 is expected to be 350 million yuan to 390 million yuan, a year-on-year decrease of 74.81% to 77.40%. The company’s game business is in the key stage of strategic upgrading and product innovation iteration. There is periodic pressure on the performance during the transformation period, and it is expected to achieve a profit of 670 million yuan – 690 million yuan, a year-on-year decrease of 70.68% – 69.81%; The film and television business is expected to incur a loss of 170 million yuan to 190 million yuan due to the loss of fair value change caused by the single investment of Universal Pictures.
overseas highlights
the three major indexes of U.S. stocks fell sharply. The S & P 500 index and the NASDAQ index recorded the largest weekly decline since late March 2020
The three major US stock indexes collectively closed down, with the NASDAQ down 2.72% and a cumulative decline of 7.55% this week; The S & P 500 index fell 1.89% and fell 5.69% this week; Both the S & P 500 index and the NASDAQ index recorded the largest weekly decline since late March 2020; The Dow fell 1.3% and fell 4.58% this week, the largest weekly decline since November 2020. Naifei fell by nearly 22%, and the guideline for the number of new users in Q1 was far lower than the market expectation; Didi fell more than 9%, and the regulatory authorities interviewed and reminded 8 new business platform companies such as didi freight. OKTA fell more than 9%, Disney fell more than 6%, Netease, Amazon, pinduoduo and Tesla fell about 5%, Boeing fell more than 4%, Google fell more than 2% and apple fell more than 1%.
Yellen: it is predicted that inflation will fall sharply in 2023
US Treasury Secretary Yellen said that inflation is expected to decline sharply in 2023. Inflation is a concern for policy, and the US labor market is extremely strong. He also said that the Biden government “makes every effort” to seek strategies to alleviate inflationary pressure, including opening ports and expanding labor supply.
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