Market
Yesterday, when the opening of the north counter fell by nearly 2 per cent, the shock surged, and the evening was followed by a steady fall; car parts rose, the speed of the sun went up (839946), mingyang technology (837663) went up by more than 7 per cent, the construction technology (837242) went up by more than 5 per cent; the metal oxidizing powder (838971) went up by more than 7 per cent; the lithium power of the lithium stock (873152) went up by more than 6 per cent; and the index rose by 0. 4 per cent yesterday. As at the same date, closings had increased by 120 shares and fell by 118 shares. In terms of scale increases, the rate of change in huayang rose by 29,91 per cent, and innovation in science (833580) by 13. 35 per cent. In terms of the amount of the transaction, a total of rmb 10,043 million was sold all day long, with the chinese spin-off (87,3122) leading to rmb 302 million and the sky-swipe (87,1753) to 217 million。
"new 3-board market"
On 21 february, a total of 148 million yuan (106 million yuan on the previous date of trade) was traded in the new three markets, and 623 stock exchanges (up from 594) were sold. Of these, $127 million (92. 91 million on the previous trade day) were sold on the innovation floor, 21. 03 million (1. 3. 44 million on the previous trade day) and 81. 62 million (54. 29 million on the previous trade day) were sold on the market. In addition, the bulk of the deal after the new three plates is in the order of $0. 70 million。
The top five players in the turnover rate were shanha (833399), sino-japanese (870309), pu zheisheng (839573), travel technology (430578), and hong guang xinhong (832063)。
On the index, on 21 february, the market index for the new board rose by 0. 5 per cent, to 1123. 14 points. On the plate, the three-board manufacturing index rose by 2. 11 per cent and the three-board lead fell by 2. 47 per cent。
"big deal."
Koda's got two big deals, $5. 2812 million
On 21 february, according to information received, the koda self-controlled (831832) bulk transactions were sold at a total value of rmb 14. 67 million/equity, for a total of rmb 5. 281 million. The discount of $14. 97 was 2 per cent compared to the current day's closing price。
(i) 120,000 shares at $14. 67/equity, totalling $1. 760. 4 million. The ministry of commerce and industry is the shenzhen branch of china's china gold wealth and securities company, and the ministry of commerce and industry is the shanghai management and jiang road business department of china's general securities corporation。
(ii) two hundred and forty thousand shares at $14. 67/equity, for a total of $35208 million. The ministry of commerce and industry is the southwest securities company, shanxi branch, and the ministry of commerce and industry is the shanghai securities company, gang roads。
Colette's big deal is 1. 87%
According to information received on 21 february, the bulk of the sale in crete (831689) was sold at a value of $ 13. 59 per share, for a total of $ 1,359,000, or 1. 87 per cent, compared with the current collection price of $13. 85。
The ministry of commerce and industry is the shenzhen east sea international securities department of shenzhen, inc., and the ministry of commerce and industry is the beijing easttown branch of china-china building securities corporation。
The dragon tiger list
Zhuoyang's rate of change is 27. 36%
On 21 february, according to information made public at the northern counter, the speed of the change (839946) was frozen at 27. 36 per cent, resulting in a cumulative deal of $152 million。
According to data from the dragon tiger list, one purchaser was made from the shen yang dae-lu securities department of china securities co., inc., for $4. 653 million. The purchase of two shares of the state sein limited liability company ningbo sangda road and the purchase of $30. 12 million. In terms of sales, one was sold to the mann road securities department in the jian an district of shanghai, east securities corporation, for $4,469,700. Two for the eastern wealth securities co. Ltd., shannan xantang east road securities department, which sold $1. 807 million and bought $1. 190. 2 million。
"the night's important bulletin."
Rich and fresh: net profits are projected to increase by 29. 34 per cent in 2023
On 21 february, according to the news, the rich seng seng material (832469) issued a performance forecast for 2023, in which the company expected a net profit of $59,078. 8 million for maternity in 2023, an increase of 29. 34 per cent over the same period。
According to the company, the main reasons for the increase in net profits due to motherhood are:
Companies have actively explored and deepened markets, adding important customers such as biadi, and there has been a significant increase in customer orders such as trinoon electronics over the same period of the previous year
2. Firms continue to pursue technological innovations to meet the needs of different customers for customized products, with particular emphasis on customized products that can be replaced by imported products, which have increased in order over the same period of the previous year
3. Government subsidy revenues recorded by companies as gains and losses in the current period are higher than in the same period of the previous year。
Pasron: net profits are projected to increase by 19. 15 per cent in 2023
On 21 february, according to the news, pasron (833075) issued a performance forecast for 2023, in which the company expected a net return to the mother of $46,5269 million, an increase of 19. 15 per cent over the same period。
According to the company, the main reasons for the increase in net profits attributed to the parent are the steady increase in the company's sales revenue, the cumulative effect of the scale and higher māori over-sale orders, the improved structure of the orders, which further increases the company's profitability and the overall level of profits。
Field shares: net profits are projected to decrease by 43. 07 per cent in 2023
On 21 february, the field shares (832023) issued a performance forecast for 2023, in which the company expected to achieve a net profit of $30,459. 3 million to the mother in 2023, a decrease of 43. 07 per cent over the same period。
According to the company, the main reasons for the decline in net profits due to motherhood are:
(1) a slight decline in the company's operating income due to the loss of individual customers
(ii) insufficient effective macroeconomic demand and increased competition from companies in the downstream new tea sector, leading to a decrease in the māori rate
(3) companies have increased their r & d inputs, regulated the aggregation and accounting of r & d costs and increased r & d costs。
Dragon bamboo technology: net profits are projected to decrease by 65 per cent in 2023
On 21 february, according to the news, ryugatech (831445) issued a performance forecast for 2023, in which the company expected to achieve a net profit of $10 million to $15 million in maternity by 2023, a 65 per cent decrease over the same period。
According to the company, the decline in net profits to the mother is mainly due to adverse factors such as macroeconomic instability, international geo-conflicts and the global economic downturn, a slowdown in global consumer market demand, a decline in the volume of orders from major corporate customers and a corresponding decline in operating income; and a decline in net profits in the current period as a result of the firm's firm investment of billions over the last two years, a rise in fixed costs during the current period, a decline in the size effect as a result of reduced operating income, an increase in unit costs for products, and a decline in aggregate gross profit margins for the current period。
Bond shares: net profit is projected to increase by 11. 5 per cent in 2023
On 21 february, the bond shares (838171) issued a performance forecast for 2023, in which the company expected to achieve net profit of $86,9276 million in maternity by 2023, an increase of 11. 5 per cent over the same period。
According to the company, the main reason for the increase in net profits due to improvements in the quality and productivity of the product through continuous technological innovation processes has been a significant improvement, while controlling costs, reducing efficiency gains and increasing profitability。
Companies specialize in the development, production and sale of heat exchangers。
Zhejiang daeyeon: net profit is expected to increase by 2. 47 per cent in 2023
On 21 february, zhejiang daenoun (831855) issued a performance forecast for 2023, in which the company expected to achieve a net return profit of $4. 305. 46 million, an increase of 2. 47 per cent over the same period。
According to the company, the increase in net profits during the reporting period was due mainly to increased income and lower financial costs。
Company number control: net profits are projected to increase by 55. 88 per cent in 2023
On 21 february, the company released a performance forecast for 2023 (835368) and expected a net profit of 705 million yuan in 2023, an increase of 55. 88 per cent over the same period。
The company indicated that the increase in net profits from parent ownership during the reporting period was mainly due to the fact that market demand for photovoltaic and semiconductor enterprises remained positive in 2023, as a result of a combination of factors, such as the continued growth in demand for clean energy and semiconductor markets worldwide and technological innovation and policy support. The company's strategy for the sustainable development of the two-industry “pv+ semiconductor” industry has further optimized its industrial layout and enhanced market opening. This has been accompanied by a significant increase in the volume of equipment orders, as well as in the volume of products completed and accepted, and a marked increase in profitability compared to the same period the previous year。
Precision of long voyages: net profits are projected to decrease by 39. 41 per cent in 2023
On 21 february, according to the news, the precision of the voyage (833914) had issued a performance forecast for 2023, in which the company expected to achieve a net profit of $32. 388 million in maternity by 2023, a decrease of 39. 41 per cent over the same period。
According to the company, the decline in net profits due to motherhood during the reporting period was mainly due to:
(1) given the low price of electrolyte nickel, the value of the company's stock in the product is affected accordingly. In order to ensure a rapid response to customer needs, shorter delivery cycles and to meet day-to-day production needs, companies maintain a certain level of stock during the production process. In the sale of nickel belts and aluminum products, the company uses a “nickel price plus processing fee” pricing model, in which the price of nickel is usually based on the market price at the time the customer orders. During the reporting period, a significant decline in price in the electrolyte nickel market resulted in relatively high unit costs for the company's products, exceeding the market price at the time of the client's listing, which in turn had a negative impact on the gross domestic product ratio。
(2) in the face of a market environment characterized by weakened market demand and increased competition, firms have reduced their product processing fees appropriately in order to increase their product competitiveness, but this has had an impact on the māori rate of products。
(3) as a result of the decline in nickel market prices, the amount of the impairment of the company's assets has increased, resulting in a decline in net profits。
Latitude pv: net profits are projected to decrease by 49. 88 per cent in 2023
On 21 february, according to the news, lsd (87301) issued a performance forecast for 2023, in which the company expected to achieve a net profit of $32,115. 3 million in maternity by 2023, a decrease of 49. 88 per cent over the same period。
According to the company, the decline in net profits due to motherhood during the reporting period was mainly due to:
(1) decline in revenues and gross profits from the sale of generic photo masks and anti-fogical films
(ii) lower sales price for photofilm products
(3) increased r & d inputs
(4) increased readiness to incur bad debts losses and reduced inventory value。
New 3-board important announcement
Travel technology is posted to ipo for guidance in chinese and british securities
On 21 february, the company issued a bulletin on innovative enterprise travel technology (430578), and on 7 february 2024, the company submitted to the chinese securities regulatory commission, jilin provincial regulatory authority, registration material for a tutorial to publicly issue shares to non-specified qualified investors and to be listed on the beijing stock exchange. The certificate office of jilin province processed applications for advice from companies for public distribution of shares to non-specified investors and for listing on the beijing stock exchange, dated 19 february 2024。
Travel technology is mainly involved in business and travel-related services, management services and technical services and sales of software products for corporate clients. On the performance side, in 2022, companies achieved $9. 608. 8 million in operating income, or a net profit of $30. 726 million to the mother。
Quixuan biology has submitted publicly available guidance materials, which will be provided by the government
On 21 february, according to the information received, a public announcement was issued by the bainimarama company at the base level (874399), which on 21 february 2024 submitted to the hubei regulatory authority of the china securities regulatory and regulatory commission a copy of the public distribution of shares to non-specified qualified investors by cheon chong science and technology, inc., and a copy of the counselling materials to be posted on the beijing stock exchange。
The company's main business is the development, production and sale of hydrolysis mononin series products, mainly from plants rich in mononins in nature。
Macro
State council, national finance committee: central enterprises need to integrate the development of artificial intelligence in their overall work and accelerate the construction of a set of smart computing centres
The state council's national investment commission held a conference to promote the theme of “ai enabling industry renewal” central enterprises. The meeting emphasized the need for central enterprises to integrate the development of artificial intelligence into their overall work, to further industrial renewal, to accelerate layout and to develop the intelligent industry. It is necessary to build a foundation for development, concentrate major resources on the most needed and advantageous areas, accelerate the building of a set of smart computing centres, deepen further open cooperation and better serve as a platform for synergy and innovation across conglomerates. The ai+ initiative is designed to enhance demand-driven activities, accelerate the empowerment of priority industries, build a multi-modular set of high-quality data sets, and create large-scale models of industrial ecology from infrastructure, algorithmic tools, smart platforms to solutions。
China's telecommunications plan builds the first large-scale domestic calculator to support single-pool vanka. Cold
In recent days, chinese telecommunications has been planning to build an intellectual cluster heart in shanghai that can support the training of hundreds of billions of large models of parameters. Of these, the first single-pool national production capacity of 10,000 calories was the first one to support the single-pool vanka national production super-large-scale caloric-liquid cluster。
Institutional perspective
Cable securities: large model capacity boundaries are still far from being reached
According to csi, since chatgpt broke in 2023, all areas of ai have been used for a variety of applications, but there is no real killer app except for chatgpt itself. When basic models do not reach the boundaries of capabilities, investment applications face the risk of repeating jasper. Ai's dilemma: the moat is not enough to be blown through by large models. We therefore believe that the current industry's most central driving force is still the iterative base model capacity, which will be capped to determine the floor for application and the upper limit of the computing infrastructure. This time, the openai release of the sora model extended the content paradigm that ai can understand and generate from text and pictures to videos and 3d, indicating that the base model capacity ceiling is still rising, and that scaling law is still not over, and that, while it may take some time, it is not over to imagine space being opened and the need for computing infrastructure is far from over. A new round of industry catalyzing has emerged, and short-term performance may be weaker than in february-may 2023, but may be more sustainable。
