The Central Bank Conducts 300 Billion Yuan MLF Operation with a 30 Basis Point Decrease in the Winning Interest Rate

Central Bank: On September 25th, the Central Bank carried out a one-year Medium-Term Lending Facility (MLF) operation of 300 billion yuan, with a winning interest rate of 2.0%, which is 0.3 percentage points lower than the previous month. This is the first market-based interest rate to decrease following the Central Bank's announcement of plans to lower reserve requirements and interest rates in the near future.

Minister of Industry and Information Technology: Accelerate the Construction of Open Source Infrastructure

The 2024 OpenAtom Open Source Ecological Conference was held in Beijing. Jin Zhuanglong, Minister of Industry and Information Technology, emphasized the significant importance of strengthening the construction of the open source system for promoting high-quality development of the software industry, accelerating the development of new quality productive forces, and advancing new industrialization. The construction of open source infrastructure needs to be accelerated.

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Shanghai Invests 500 Million Yuan to Issue Consumption Vouchers! The First Batch Will Be Available for Application This Saturday

The Shanghai Municipal Government Information Office held a press briefing, where Wei Lu, Chief Economist of the Shanghai Development and Reform Commission, introduced that it was decided to issue "Joy·Shanghai" service consumption vouchers for four sectors: catering, accommodation, movies, and sports, with 3.6 billion yuan for catering, 900 million yuan for accommodation, 300 million yuan for movies, and 200 million yuan for sports.

Former Party Secretary of China National Gold Group Corporation, Lu Jin, Under Investigation

Lu Jin, former Party Secretary and Chairman of China National Gold Group Corporation, is suspected of serious disciplinary violations and illegal activities. He is currently under disciplinary review and supervision investigation by the disciplinary inspection team of the State-owned Assets Supervision and Administration Commission of the State Council and the Tianjin Municipal Supervision Commission.

First Trial of the Corruption and Bribery Case of Tang Shuangning, Former Chairman of China Everbright Group

The first trial of the corruption and bribery case involving Tang Shuangning, former Chairman of China Everbright Group, has commenced.The Tangshan Intermediate People's Court in Hebei Province publicly held the first-instance trial of the case involving Tang Shuangning, former Party Committee Secretary and Chairman of China Everbright Group Co., Ltd., on charges of embezzlement and bribery. At the end of the trial, the court announced an adjournment and a decision will be made at a later date.

China Securities Regulatory Commission (CSRC): Lifetime ban imposed on Xia Haijun, with a penalty and confiscation of 15 million yuan.

The CSRC issued an administrative penalty decision (Xia Haijun), warning Xia Haijun and imposing a fine of 5 million yuan for the illegal act of false recording in the annual reports disclosed by Evergrande Real Estate for the years 2019 and 2020; and imposing a fine of 10 million yuan for the fraudulent issuance of corporate bonds by Evergrande Real Estate. In view of Xia Haijun's organization and arrangement for the preparation of false financial reports, with particularly malicious means and particularly serious circumstances, a lifetime ban on entering the securities market has been imposed on Xia Haijun.

The Huawei Mate 70 is coming! The entire device has entered mass production and is expected to be equipped with a pure HarmonyOS.

According to supply chain news, the Huawei Mate 70 series has already entered mass production and was previously scheduled to be launched in November. Some supply chain insiders have said that components are already being supplied, and it is possible to be available by the end of October if it's fast, as many devices have already been produced. Huawei's Executive Director, Yu Chengdong, previously revealed that the Huawei Mate 70 series of smartphones will be released in the fourth quarter of this year, debuting with a pure HarmonyOS system.

Is Goldman Sachs' client call being overwhelmed? Emphasizes that long-term investors are buying and points out that the upward momentum is sustainable.

Media reports show that Goldman Sachs' client call is being overwhelmed by investors, with the number of participants reaching the maximum capacity, showing great interest in Chinese assets. Goldman Sachs also believes that long-term investors are buying. Subsequently, a reporter confirmed the authenticity of the call from a person close to the matter.

CITIC Futures' short position attracts attention again, once responded: all on behalf of customer transactions.

The short position data of CITIC Futures' seats has attracted attention again. There is news that "CITIC Futures net bought 7,166 short positions today, and the total net short positions of CITIC Futures are -85,634 hands," in response to this, there are again views that CITIC Futures is shorting the market, and such misunderstandings are not the first time. CITIC Securities previously replied to such issues, stating that CITIC Futures carries out futures brokerage business (on behalf of customers), without proprietary business, all are on behalf of customer transactions.

The latest amendment to the U.S. "Biosafety Act" removes WuXi Biologics.According to the official website of the United States Congress, on September 23rd local time, there has been progress in the legislation of the U.S. "Biosafety Act." In the latest amendment, WuXi Biologics has been removed from the list, but WuXi AppTec, BGI Genomics, BGI Tech, and its subsidiary Complete Genomics are still included.

Rare! Overseas investors are scrambling to buy call options on Chinese concept stocks

The policy combination struck by China's financial regulatory authorities has allowed foreign capital to sense investment opportunities. After the announcement of multiple positive news, overseas investors have increased their bets on the recovery of the Chinese stock market, and are scrambling to buy call options on securities traded in the United States. Among them, the call option trading volume of the iShares China Large-Cap ETF, with a scale of $4.3 billion, has soared to the highest level since February this year.

Yi Fangda Fund responds to rumors of illegal short selling of Hong Kong stocks

Recently, a screenshot of an email reporting Yi Fangda's Hong Kong subsidiary to multiple departments has attracted widespread attention in the industry. The email alleges that Yi Fangda Hong Kong has multiple violations of the fund industry's professional guidelines and scandals, including improper interest transfer and illegal short selling of Hong Kong-listed stocks, among five charges. Yi Fangda Fund issued a statement saying that it has initiated an internal audit procedure at the first time and hired an external law firm to conduct an independent investigation.

What happened to A-shares' rise and fall? Analysts say there are three reasons

On September 25th, the major A-share indices rose and fell. Analysts believe there are three reasons. First, the bearish thinking of the market has not been fundamentally reversed, and there are still some funds making redemption actions, especially Hong Kong stocks; second, the long holiday is approaching, and leveraged funds have the need to withdraw at this time; finally, foreign capital generally believes that the real economy still needs fiscal policy to exert force to truly stabilize, and for incremental long-term funds, it is also necessary to wait for fiscal stimulus to land before they can enter the market on a large scale.

West Lake University's technical team releases ultra-thin AR glasses, with a binocular weight of only 5.4 grams

On September 24th, Qiu Min, a distinguished professor of West Lake University, vice president, and chief scientist of Mud Micro Nano (Hangzhou) Technology Co., Ltd., demonstrated a pair of ultra-thin silicon carbide AR glasses at the Science Cafe in the Zhejiang Provincial Association for Science and Technology building. The glasses achieved full-color display of a single piece, no rainbow pattern, extremely light lenses (2.7 grams), extremely thin (0.55 millimeters), with a binocular weight of only 5.4 grams.

At present, domestic and foreign leaders such as Meta, Apple, Google, and Huawei are accelerating their layout in the AR field. Western Securities stated that AR glasses are expected to become the best solution for the landing of terminal-side AI. With the active layout of the industry chain and the gradual maturation of technical paths, coupled with the empowerment of terminal-side AI, the shipment of AR glasses is expected to accelerate.Among listed companies, Yingtong Communication (002861) participates in the drafting of group standards such as "Technical Specifications for Intelligent Audio Glasses" and "High-definition Wireless Audio Technical Specifications and Test Methods" organized by the China Electronic Audio Industry Association. The company develops various types of smart glasses and audio glasses products and has invested in the research and development of bone conduction audio technology.

Tianjian Shares (301383) has already mass-produced AR glasses products. In the consumer electronics field, the company's business is mainly based on the OEM model.

Telecom operators in various places launch 5G-A packages, and four major fields are expected to explode during the commercialization process.

Recently, operators in Beijing, Shanghai, Shenzhen, and other places have launched 5G-A packages, indicating that after a year of construction and development, 5G-A, representing the latest generation of mobile communication technology, has begun to enter ordinary households.

5G-A, full name is 5G-Advanced, that is, 5G enhanced technology, is essentially 5.5G. 5G-A enhances the three major characteristics of 5G: eMBB enhanced mobile broadband, uRLLC ultra-reliable ultra-low latency communication, and mMTC large connection IoT. Compared with 5G, 5.5G is faster, supports more frequency bands, and is more automated and intelligent. The peak uplink and downlink of 5G-Advanced are expected to be 10 times higher than the existing 5G network, the connection density is improved by 10 times, the positioning accuracy is increased by 10 times, and the energy efficiency is increased by 10 times. Huatai Securities believes that from the perspective of the industry chain, considering the technical features and industrial changes of 5G-A, it directly benefits wireless main equipment and network equipment suppliers, antennas/arrays, small base stations, and optical modules. These four sub-industries are expected to explode during the commercialization process.

Among listed companies, Wuhan Fan Valley (002194) has products (such as multi-frequency multi-channel filters) with 5.5G technology, and there are also related products applied to customers' 5.5G systems at this stage. In addition, the company has already mass-produced some millimeter wave products, such as E-Band microwave devices and E-Band microwave antennas used for 5G mobile backhaul.

DaFu Technology (300134) related products can meet the technical requirements of the 5G/5.5G mobile communication systems on the customer side. The antenna products of Shuo Bei De can be applied to the 5.5G field.

The "trade-in" policy is in full swing, and this hundred billion industry is expected to explode.

According to Geng Hongzhou, a first-level inspector of the Consumer Promotion Department of the Ministry of Commerce, as of 0:00 on September 25, the national car trade-in information platform has received more than 1.13 million car scrapping and renewal subsidy applications, and the number of registered users on the platform has exceeded 1.68 million, with the subsidy application volume maintaining a rapid growth trend.

Data from the Ministry of Commerce shows that in the first eight months of this year, the national scrapped car recovery volume increased by 42.4% year-on-year. Especially after the implementation of the scrapped car renewal subsidy policy from May to August, the year-on-year growth rates were 55.6%, 72.9%, 93.7%, and 73.8%, respectively. China's car dismantling industry is still in its early stage of development. On March 13, the State Council issued the "Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in Action" (hereinafter referred to as the "Plan"), which mentioned to "implement the consumer goods trade-in action, carry out car trade-in", and "by 2027, the scrapped car recovery volume will increase by about double compared to 2023". Shenwan Hongyuan Securities believes that with the policy in full swing, car renewal is expected to accelerate, and dismantling and recycling are expected to explode.In the listed companies sector, Beyond Technology (301049)'s wholly-owned subsidiary, Anhui Dehui Green Environmental Protection Co., Ltd., obtained the "End-of-Life Vehicle Recycling and Dismantling Enterprise Qualification Certificate" in 2023. It has the capability to dismantle end-of-life vehicles, electric vehicles, and motorcycles/electric bicycles, and is currently mainly engaged in the dismantling business of end-of-life vehicles and electric vehicles.

Green American (002340) has an annual capacity of recycling and dismantling end-of-life vehicles reaching 300,000 units. The company has successively established seven end-of-life vehicle recycling and processing bases in Wuhan, Tianjin, Shenzhen-shanwei, Henan, Jiangxi, Jingmen, and Xiantao, forming a recycling and disposal model for end-of-life vehicles that covers the Pearl River Delta, Yangtze River Delta, Beijing-Tianjin-Hebei, Central China, and Southwest China.

Hua Hong Technology (002645)'s subsidiaries, Beijing Hua Hong and Donghai Hua Hong, are engaged in the recycling and dismantling business of end-of-life vehicles. Beijing Hua Hong has the qualification for scrapping retired military equipment. The company has formed a complete industry chain from the production of end-of-life vehicle dismantling equipment, to the design of overall solutions for recycling enterprises, and then to the resource utilization of end-of-life vehicles.

Investment in this field is an "accelerator" for economic growth, and China is accelerating the construction of infrastructure.

On September 25, the Ministry of Water Resources held a press conference to introduce the progress and effectiveness of water conservancy infrastructure construction. Wang Baoen, the deputy minister of water resources, said that from January to August, the national water conservancy construction completed an investment of 801.94 billion yuan, which is a 10.7% increase on the high level of the same period last year.

The national water network is an important part of the national infrastructure system and an important foundation and support for ensuring national water security. In recent years, China has accelerated the construction of water conservancy infrastructure. According to the Ministry of Water Resources, every 100 billion yuan invested in major water conservancy projects can drive the GDP to grow by 0.15 percentage points, and water conservancy investment is an "accelerator" for economic growth. Kaiyuan Securities believes that water conservancy investment may have entered the second upward period.

Among listed companies, Qinglong Pipe Industry (002457)'s three major hardware products, concrete pipes, plastic pipes, and steel pipes, are widely used in inter-basin water transfer, urban and industrial park water supply and drainage, urban utility tunnel construction, agricultural water conservancy irrigation, rural drinking water safety, urban natural gas transportation, and urban heating.

Qianjiang Water Conservancy (600283) has been deeply involved in the water affairs industry for more than 20 years, accumulating rich experience in the investment operation and management of urban water supply and drainage projects. It is a leading enterprise in water affairs investment and operation in Zhejiang Province, with business covering 3 provinces, 11 cities, and serving a population of over 6 million.

Anhui Construction (600502)'s infrastructure construction business covers roads and bridges, municipal engineering, urban rail transit, water conservancy and hydropower, ports and waterways, etc. It has strong qualifications, performance, and technical advantages. Subsidiaries such as Anhui Water Conservancy, Anhui Road Bridge, Construction Investment, and Construction Port all have strong market competitiveness.

The financial industry is an important auxiliary force, and the industry is highly related to the prosperity of the capital market.The financial information service industry is highly correlated with the prosperity of the capital market. Institutions have pointed out that policies are exerting efforts at both the financial information and market ends, propelling the financial information service industry into a new era of healthy, orderly, and steady growth.

The financial information service industry refers to the sector that provides services such as information and financial data that may affect the financial market to users engaged in financial analysis, financial transactions, financial decision-making, or other financial activities. As an important auxiliary force in the financial industry, the financial information service industry is rapidly emerging as a core component driving financial innovation and transformation. Guohai Securities has noted that with the deepening of digital transformation, the financial information service industry has become an important tool for enhancing the efficiency of financial markets and increasing the transparency of financial activities.

Among listed companies, Wealth Trend (688318) is an important supplier of domestic securities market trading system software and securities information services, with products and services covering more than 90% of domestic securities companies. The company's business cooperation model with institutional clients such as securities companies ensures its stable development.

Tonghuashun (300033) is a leading domestic provider of Internet financial information services and one of the largest online securities trading system suppliers. The company has been deeply involved in the financial information service industry for nearly thirty years, with unique and significant advantages in products, customers, business models, brands, technology, and data.

Compass (300803), as one of the experienced financial information service providers in China, has always emphasized investment in research and development and the cultivation of comprehensive technical capabilities over the years, mastering a batch of core technologies, including securities research technology, e-commerce technology, and multimedia network technology.

Huawei's next-generation flagship smartphone, the Mate 70, is about to be released. With the "pure blood" HarmonyOS, its sales may be worth looking forward to.

According to reports, the supply of components for Huawei's next-generation flagship smartphone series, the Mate 70, has officially begun. Several mobile phone component suppliers have confirmed that they have started to provide key parts to Huawei, indicating that the mass production of the Mate 70 series is underway. A core supplier of Huawei's smartphones revealed that its production line had started the mass production process before the Mid-Autumn Festival and disclosed internal news that the Mate 70 series is expected to be officially launched in November. More optimistic predictions suggest that consumers may receive new information about the release of the series by the end of October. This timeline coincides with previous market rumors, further enhancing the credibility of the Mate 70 series being released in November.

In addition, Huawei has officially announced that the HarmonyOS NEXT operating system will start public testing on October 8th. This move signifies that the "pure blood" HarmonyOS system has matured to the stage where it can be widely pushed to ordinary consumers. As the first smartphone pre-installed with HarmonyOS NEXT, the Huawei Mate 70 series will undoubtedly shoulder the important mission of promoting the development of the HarmonyOS ecosystem. In terms of hardware configuration, the Huawei Mate 70 series is also worth looking forward to. It is reported that the series is expected to be equipped with a new Kirin chip, with performance expected to achieve a qualitative leap. With the dual support of "pure blood" HarmonyOS and AI, the sales of the Huawei Mate 70 series are worth looking forward to, and companies in the industry chain are expected to benefit.

Fujian Electronics (600203) is an important customer of Zhongnuo Communication, a wholly-owned subsidiary of Huawei. Zhongnuo Communication provides ODM/JDM services for smart terminal products such as smartphones. The company's current production capacity can meet customer order demands.

Lihexing (301013) cooperates with Huawei in multiple fields, including mobile smart terminals and communication base stations. The main products for mobile smart terminals are testing and process products applied to mobile smart terminals such as smartphones. In the field of communication base stations, the main products are base station power supply testing platforms.Huawei Mate 70 Expected to Hit the Market in November, with Some Components Starting to Supply

According to media reports, several mobile phone component suppliers have revealed that some parts for the Huawei Mate 70 series have officially entered the supply phase. "Our production line had already initiated the mass production process on the eve of the Mid-Autumn Festival, and the internal information suggests that the phone is expected to be launched in November. If everything goes well, more new progress may be expected by the end of October.

Previously, on September 24th, at Huawei's all-scenario autumn new product launch event, Yu Chengdong, Huawei's Executive Director, Chairman of the Terminal BG, and Chairman of the Intelligent Automotive Solution BU, announced that HarmonyOS NEXT would be open for public beta testing on October 8th. It is anticipated that the Mate 70 series will be among the first smartphones to come pre-installed with this pure HarmonyOS system, which is rooted in OpenHarmony. It is claimed to offer approximately a 30% improvement in overall device performance, three times the connection speed compared to its predecessor, and a 20% reduction in power consumption.

Analysts have pointed out that as the supply of components for the Huawei Mate 70 series gradually arrives, the efficiency and output of the production line will also increase. This will not only help Huawei to consolidate its position in the high-end smartphone market but may also drive business growth for related supply chain companies. Among them,

Firinda (300602) provides Huawei Mate series phones with related heat dissipation and electromagnetic shielding products;

Hongxin Electronics (300657) is the core supplier of screen flex boards for H Company's Mate 60 series smartphones, holding an absolute majority supply position, and is currently working on sample production and mass production for several products of H Company.

China Sky Eye Upgrades Again, Core Array Prototype Construction Initiated

It is reported that on the eighth anniversary of the completion of the world's largest single-aperture spherical radio telescope FAST, the construction of the China Sky Eye FAST core array prototype has recently been officially launched, which is expected to significantly enhance the astronomical observation capabilities of the FAST telescope. To further enhance the scientific observation capabilities of FAST and maintain a leading scientific advantage, the research team proposed a low-cost, rapidly implementable radio telescope array solution. This solution fully utilizes the excellent electromagnetic environment within 5 kilometers of FAST to construct 24 fully steerable 40-meter aperture radio telescopes to form a synthesized aperture array with FAST, known as the FAST core array.

The "China Sky Eye," officially known as the Five-hundred-meter Aperture Spherical Radio Telescope, abbreviated as FAST, is the world's largest single-aperture radio telescope independently designed and built by China. The construction of the FAST core array will further enhance the sensitivity advantages and excellent imaging capabilities of the "China Sky Eye," focusing on the origins and evolution of extremely dense celestial bodies, which are among the most cutting-edge and popular scientific issues in current astronomy. It is expected to achieve breakthrough results in the fields of time-domain astronomy, the composition and evolution of the universe, and gravitational wave bursts.

The main related concept stocks in the A-share market include FiberHome Telecommunications (600498) and Southeast Network Frame (002135).Chinese researchers have discovered that nanobodies can potently inhibit the HIV virus. It has been reported that a research team from Nanjing University has isolated an antibody from the llama that can bind to the HIV virus receptor. In experiments, this antibody has shown an efficacy rate of over 99% in inhibiting the HIV virus, demonstrating good broad-spectrum and antiviral activity, which is expected to provide ideas for the development of new drugs. The HIV virus mutates rapidly and is prone to drug resistance, leading to a decrease in drug efficacy. The newly discovered antibody does not target the virus itself, thus making it less likely to induce drug resistance in the virus, which is of significant enlightening importance for the development of new HIV drugs and clinical treatment.

The main related concept stocks in the A-share market include Northeast Pharmaceutical (000597) and Botai Pharmaceutical (300363), among others.

The Three Mile Island nuclear power plant in the United States will be restarted, and the nuclear power industry's prosperity continues to rise. Recently, Microsoft announced an agreement with Constellation Energy to purchase the electricity from the Three Mile Island nuclear power plant for the next 20 years. According to the agreement between the two parties, the Three Mile Island nuclear power plant, which experienced the most severe nuclear accident in the history of U.S. commercial nuclear power, will be restarted after being closed for several years to provide clean energy for Microsoft's cloud computing and artificial intelligence projects. This is the first time in U.S. history that a single user has "monopolized" all the electricity generated by a single commercial nuclear power station, reflecting the high power consumption of AI. Oracle also recently stated that it is designing a data center powered by three small nuclear reactors. In March of this year, Amazon purchased a data center park with its own nuclear power supply from Talen Energy.

According to media reports, 14 of the world's largest banks and financial institutions will pledge to increase their support for nuclear energy to unlock financing for the industry. Driven by factors such as green economy and climate issues, there is a strong demand for clean energy, and the world is promoting the implementation of a large number of new nuclear power projects by the middle of this century. The participation of technology and banking giants is expected to provide more momentum for the development of nuclear energy.

The characteristics of being clean, safe, and efficient make nuclear power an important force in promoting the green transformation of energy. According to the International Atomic Energy Agency (IAEA), by 2050, global nuclear power generation is expected to reach 890GWe, while the current generation of the 439 operating nuclear power stations is 395GWe, with a possible addition of up to 550 nuclear power stations during this period. Historically, banks have been divided on the prospects of nuclear energy due to the complexity and risks associated with nuclear energy projects, as well as questions about whether such investments align with environmental, social, and corporate governance (ESG) standards. If the 14 global financial giants can publicly support the development of nuclear energy, it will unlock the financing difficulties of the industry and provide strong financial support for the construction and development of nuclear energy.

The prosperity of the nuclear power industry continues to rise, and attention can be paid to nuclear power equipment manufacturers such as Jiangsu Shengtong (002438) and China Nuclear Technology (000777).

The development of revolutionary cathode materials has been successful, significantly reducing the cost of lithium-ion batteries. According to the latest issue of the journal "Nature Sustainability," a multi-institutional team led by the Georgia Institute of Technology in the United States has developed a revolutionary low-cost cathode material - iron chloride, which costs only 1-2% of typical cathode materials but can store the same amount of electricity. This achievement will greatly improve the electric vehicle market and the entire lithium-ion battery market.Electric vehicles and other large-scale energy users are particularly sensitive to the cost of lithium-ion batteries. Currently, batteries account for about 50% of the total cost of electric vehicles, making clean energy cars more expensive than many internal combustion engine vehicles. In the battery structure, cathode materials affect capacity, energy, and efficiency, playing an important role in the performance, life, and price affordability of batteries. At present, the most commonly used cathode materials in electric vehicles are oxides, which require a large amount of expensive nickel and cobalt. These heavy elements may be toxic and pose environmental challenges. In contrast, newly developed cathode materials only contain iron and chlorine. These two elements are commonly found in steel and table salt, are abundant in reserves, and are inexpensive.

With a significant reduction in the cost of lithium-ion batteries, attention can be paid to lithium-ion battery manufacturers such as Penghui Energy (300438) and Sunwoda (300207).

"Black Myth: Wukong" Boosts PC Hardware Sales in China

After the domestic AAA game "Black Myth: Wukong" went global, many players spared no expense in upgrading their PC hardware to achieve the ultimate gaming experience, investing tens of thousands of yuan. On September 25, Luotu Technology released the latest data showing that in August 2024, the online sales of esports monitors in Mainland China (excluding content e-commerce such as Douyin and Kuaishou) reached 550,000 units, a year-on-year increase of 56.7%, and a month-on-month increase of 22.1%.

Analysts point out that the intensified competition in the esports market this year has led to more affordable product prices, further stimulating the prosperity of the terminal retail market. At the same time, both exciting esports events and blockbuster game titles like "Black Myth: Wukong" have created a strong gaming atmosphere in the Chinese market, effectively promoting the conversion of traffic to actual purchasing power, providing strong support for the rapid growth of the esports monitor market.

In the industry, Kangguan Technology (001308)'s KTC brand has several esports monitors that can provide strong support for the rich colors and delicate images of AAA games like "Black Myth: Wukong"; AOC Technology (000727) has maintained the highest global market share in monitor products for twenty consecutive years, with its AOC brand winning the Chinese monitor market sales championship for 14 years in a row and achieving five consecutive championships in global esports monitor sales.

AR Glasses Keep Receiving Good News, Concept Stocks May Be in Focus

On September 25, Lei Niu Innovation announced the completion of B+ and B++ rounds of financing, jointly invested by institutions such as Jiaxing Nanhu Keying, Jiaxing Nanhu Jiaxin Chuanghe, Wuxi Hui Kai Zhenghe, and Wuxi Hui Shan Kechuang. Including the B round of financing in March this year, jointly invested by Huatai Zijin, Yan Chuang Fund, and other institutions, Lei Niu Innovation has completed three rounds of financing in the past half year, with a total financing amount exceeding 500 million yuan. According to data from several third-party institutions, from 2022 to the first half of 2024, Lei Niu Innovation has consecutively ranked first in the domestic consumer AR glasses market share in China.

In addition, the Meta Connect 2024 annual developer conference will be held tonight. According to the agenda posted on Meta's official website, the company's CEO, Mark Zuckerberg, will deliver a keynote speech at that time. It is said that Meta's first AR glasses will be officially announced by Zuckerberg during the keynote speech, with the code name Orion (meaning Orion). Meta said the device "integrates the research and development achievements in the fields of XR and AI", and the company's CTO, Andrew Bosworth, praised it as "the most advanced consumer electronic device to date".Recently, there has been a continuous stream of positive news for AR glasses, and concept stocks are expected to be favored by capital, with attention to Zhuoyi Technology (002369) and Yidao Information (001314), among others.

Significant Investment

Angel Yeast: Plans to Establish a Subsidiary in Indonesia and Purchase Land

Angel Yeast (600298) announced on the evening of September 25th that the company plans to establish a subsidiary in Indonesia and purchase land. The registered capital of the subsidiary is 80 billion Indonesian rupiah (equivalent to approximately 381 million RMB), of which the company contributes 64 billion Indonesian rupiah (equivalent to approximately 305 million RMB), and Indonesia San'an Company contributes 16 billion Indonesian rupiah (equivalent to approximately 76 million RMB). After the establishment of the subsidiary, it is planned to use 7.66 billion Indonesian rupiah (equivalent to approximately 36 million RMB, excluding tax) to purchase land. On the same day, the company announced that its controlling subsidiary, Hongyu Packaging Materials, recently experienced a general safety accident. After the accident, Hongyu Packaging Materials strictly followed the requirements of the higher-level regulatory authorities to conduct a comprehensive investigation of the accident hazards and implement rectification. On September 25, 2024, Hongyu Packaging Materials received the "Rectification Review Opinion" issued by the Yiling District Emergency Management Bureau of Yichang City. After the review, Hongyu Packaging Materials has completed the rectification as required, and the suspended equipment can resume normal production.

Gorui Technology: Subsidiary Obtains Jiangsu Province Frontier Technology R&D Project in the Low-Altitude Economy Field

According to the official microblog of Gorui Technology, recently, the 2024 Jiangsu Province Frontier Technology R&D Plan project "Research on Land-Air Coordinated Low-Altitude Safety Monitoring and Control Technology" jointly declared by Gorui Defense, a subsidiary of Gorui Technology, and Nanjing University of Aeronautics and Astronautics, was approved and funded. This project is the company's first provincial and ministerial government topic in the field of low-altitude economy and is also an important support project for Jiangsu Province in the direction of low-altitude surveillance and control.

Major Bid Wins

China Construction: Recently Won 5 Major Projects with a Total Amount of 14.97 Billion Yuan

China Construction announced that the company has recently won 5 major projects with a total amount of 14.97 billion yuan.

Pudong Construction: Subsidiary Won Several Major Projects with a Total Bid Amount of 1.548 Billion YuanPudong Construction Announcement: Recently, the company's subsidiaries, Shanghai Pudong New Area Construction (Group) Co., Ltd., Shanghai Pudong Road and Bridge (Group) Co., Ltd., Shanghai Nanhui Construction Engineering (Group) Co., Ltd., and Shanghai Pudong Architectural Design and Research Institute Co., Ltd., have won bids for several major projects, with a total bid-winning amount of 1.548 billion yuan.

Ledike: Received Project Allocation from a Major Domestic Automobile Group

Ledike (300652) announced on the evening of September 25th that the company recently received a project allocation notice from a major domestic automobile group. The company will act as a second-tier supplier for this client, entering its wheel bearing assembly product supply system through Zhejiang Asia-Pacific Mechanical & Electrical Co., Ltd. The specific supply time, price, and quantity of the model products will be based on the supply agreement or sales order signed by both parties.

Huada Technology: Newly Obtained 17 Customer Project Allocations with an Estimated Total Amount of 3.741 Billion Yuan

Huada Technology (603358) announced on the evening of September 25th that the company has vigorously developed automotive market customer resources and continuously improved and optimized customer and product structures. On the basis of previously obtaining project allocations from domestic automobile manufacturing enterprises and new energy battery enterprises (collectively referred to as "customers"), the company has newly obtained 17 customer project allocations, with an estimated total amount of 3.741 billion yuan.

Zhe Zhong Shares: Wholly-Owned Subsidiary Wins a Semiconductor Project Bid of 171 Million Yuan

Zhe Zhong Shares (002346) announced on the evening of September 25th that the company's wholly-owned subsidiary, Shanghai Zhe Zhong Electric Co., Ltd. (referred to as "Zhe Zhong Electric"), participated in the bidding for a "Shanghai Semiconductor Project" by a certain electronic system engineering company. Zhe Zhong Electric was the winning bidder for some sections of the aforementioned project. The company has received the bid-winning notice and procurement plan, with a total amount of 171 million yuan. The company has signed official contracts for some sections with the tenderer. It is expected that the fulfillment of the contracts for the aforementioned project sections will have a positive impact on the company's future operating performance.

Guangdong Construction: Signed a 1.634 Billion Yuan Ground-Mounted Distributed Photovoltaic Project EPC General Contract

Guangdong Construction (002060) announced on the evening of September 25th that recently, the company (as the leading member of the consortium) and its wholly-owned subsidiary, Guangdong Yue Hydropower Equipment Group Co., Ltd. (as a member of the consortium), formed a consortium with Shaoguan Yue Hydropower Energy Co., Ltd. (the "project owner") in Shaoguan City to sign the "Shaoguan City Zhenjiang District Hua Ping Town, Li Shi Town 398MW (20 units) Ground-Mounted Distributed Photovoltaic Project EPC General Contract" with a contract amount of 1.634 billion yuan.

Yangdian Technology: Signed a 103 Million Yuan Transformer Contract with a CustomerYangdian Technology (301012) announced on the evening of September 25th that recently, the company signed a transformer purchase contract with a customer, stipulating that the company will provide transformers to the customer. The total contract amount (including tax) is 103 million yuan, and the fulfillment of the contract will have a positive impact on the company's operating performance in 2024.

Shareholder Increases and Decreases

Yiduoli: The controlling shareholder plans to reduce its holdings by no more than 2% of the company's shares

Yiduoli announced that the controlling shareholder, Zhuhai Jintudi Investment Co., Ltd., holds 152 million shares of the company (accounting for 31.67% of the company's total share capital after excluding the shares in the company's repurchase special securities account), and plans to reduce its holdings by no more than 9.58 million shares (i.e., no more than 2% of the company's total share capital after excluding the shares in the company's repurchase special securities account) through block trading within 3 months after 15 trading days.

Hexin Instruments: Shareholder Yingfuteck plans to reduce its holdings by no more than 1% of the company's shares

Hexin Instruments announced that the shareholder Yingfuteck Venture Investment Co., Ltd. (hereinafter referred to as "Yingfuteck"), which holds 5.64% of the company's shares, plans to reduce its holdings by no more than 700,000 shares, i.e., no more than 1% of the company's total share capital, through a centralized bidding method.

Youxunda: Director Cui Xia and shareholder Huacheng Shengda plan to reduce their holdings in the company

Youxunda (300514) announced on the evening of September 25th that Director Cui Xia, who holds 4.92% of the company's shares, plans to reduce her holdings by no more than 2.459 million shares (accounting for 1.23% of the company's total share capital) through a centralized bidding method or block trading; Huacheng Shengda Enterprise Management Co., Ltd. (hereinafter referred to as "Huacheng Shengda"), a specific shareholder holding 5.41% of the company's shares, plans to reduce its holdings by no more than 2.7027 million shares (accounting for 1.35% of the company's total share capital) through centralized bidding or block trading.

Zhenlan Instrument: Chairman and CEO Li Shihua increases his holdings by 620,200 shares

Zhenlan Instrument (301303) announced on the evening of September 25th that Li Shihua, a shareholder, chairman, and CEO of the company, increased his holdings by 620,200 shares on September 23rd and 24th, 2024, through a centralized bidding method with his own funds. The average price of the increased shares was approximately 10.641 yuan per share, with an increase amount of 6.6 million yuan (excluding transaction fees), and the increased shares accounted for 0.15% of the company's total share capital.Wufang Optoelectronics: Wufang Qunxing Plans to Reduce Holdings by Not More Than 0.92% of the Company's Shares

Wufang Optoelectronics (002962) announced on the evening of September 25th that the shareholder Jingzhou Wufang Qunxing Optoelectronic Technology Service Center (Limited Partnership), holding 3.69% of the shares, plans to reduce its holdings by not more than 2.6884 million shares (0.92% of the company's total share capital) within three months after 15 trading days through concentrated bidding transactions or block trades.

Guangxun Technology: The Actual Controller Voluntarily Commits Not to Reduce Holdings for 36 Months After the Lifting of the Lock-up Period

Guangxun Technology (002281) announced on the evening of September 25th that as of the date of the announcement, the actual controller, China Information Communication Technology Group Co., Ltd., directly holds 16.9606 million shares of the company's non-publicly issued restricted shares, accounting for 2.1356% of the total share capital of the company, which will be released from the lock-up period on October 8, 2024. Based on confidence in the company's future development and recognition of the company's long-term investment value, China Information Communication Technology Group Co., Ltd. has committed that within 36 months from the date of listing and circulation of the non-publicly issued restricted shares of Guangxun Technology (from October 8, 2024, to October 7, 2027), it will not reduce its holdings in any way. During the above commitment period, if additional shares are generated from capital reserve conversion to share capital, distribution of stock dividends, rights issues, etc., the commitment not to reduce holdings will also be observed.

Hengmingda: The Controlling Shareholder and Actual Controller, Jing Shiping, Plans to Reduce Holdings by Not More Than 3% of the Company's Shares

Hengmingda (002947) announced on the evening of September 25th that the controlling shareholder, actual controller, and chairman Jing Shiping, who directly and indirectly holds a total of 85.9577 million shares of the company (33.71% of the total share capital after excluding the shares of the company's repurchase dedicated account), plans to reduce holdings by not more than 7.6505 million shares (i.e., not more than 3% of the total share capital after excluding the shares of the company's repurchase dedicated account) within three months after 15 trading days through concentrated bidding and block trades.

Two Consecutive Board New Finance: Shareholder Conch Cement Plans to Reduce Holdings by Not More Than 1% of the Company's Shares

New Finance (600318) announced on the evening of September 25th that the shareholder Conch Cement, holding 5.08% of the shares, plans to reduce its holdings by not more than 5.1272 million shares, i.e., not more than 1% of the company's total share capital, through concentrated bidding transactions on the Shanghai Stock Exchange within three months after 15 trading days from the date of the announcement. The stock price of New Finance has been continuously limited for two days.

Shangtai Technology: Shareholders Plan to Reduce Holdings by Not More Than 1.75% of the Company's Shares

Shangtai Technology (001301) announced on the evening of September 25th that the shareholder Changjiang Chendao, holding 10.45% of the shares, plans to reduce holdings by not more than 2.6096 million shares (1% of the company's current total share capital) through block trades within three months after 15 trading days; the shareholders China Merchants Langyao and its consistent action person China Merchants No. 3, holding a total of 5.46% of the shares, plan to reduce holdings by not more than 1.9572 million shares (0.75% of the company's current total share capital) through concentrated bidding or block trades within three months after 15 trading days.Share Repurchase

Yawei Shares: Plans to Repurchase Shares for 50 Million Yuan to 70 Million Yuan

Yawei Shares announced that the company plans to repurchase shares for 50 million yuan to 70 million yuan, for the purpose of equity incentive or employee stock ownership plans. The repurchase price will not exceed 8.50 yuan per share.

Zhenxin Technology: Plans to Repurchase Shares for 40 Million Yuan to 80 Million Yuan

Zhenxin Technology (300101) announced on the evening of September 25th that the company plans to repurchase shares for 40 million yuan to 80 million yuan, to maintain the company's value and protect the interests of shareholders. The repurchase price will not exceed 19.40 yuan per share.

Important Announcements

Yin Zhijie: The company's stock price has risen sharply in the short term, which may involve irrational speculation and other situations

Yin Zhijie issued an announcement on abnormal fluctuations in stock trading and serious abnormal fluctuations, stating that the company's stock price has risen sharply in the short term, which may involve irrational speculation and other situations; the recent stock turnover rate and trading volume have significantly increased, which may pose the risk of a sharp drop after a significant rise in stock prices. The company previously announced that the controlling shareholder and actual controller plan to transfer company shares by agreement. This agreement transfer will not result in a change of control over the company and will not affect the company's governance structure and continuous operation.

Hengyin Technology: The company faces the risk of performance loss

Hengyin Technology issued an announcement on abnormal fluctuations in stock trading, confirming that as of the date of this announcement, there are no major matters or important information that should be disclosed but have not been disclosed. The company faces the risk of performance loss, and investors are advised to invest rationally.Cross-Border Communications: There is significant uncertainty regarding the company's entry into pre-restructuring and restructuring procedures.

Cross-Border Communications has issued a notice of unusual fluctuations in stock trading. As of the date of this announcement, the company has not received any relevant notice or ruling from the Taiyuan Intermediate Court regarding the applicant's request for the company's reorganization and pre-restructuring. There is significant uncertainty as to whether the applicant's request will be accepted by the court for filing, and whether the company will enter into pre-restructuring and restructuring procedures.

General Elevator: The controlling shareholder's person acting in concert plans to transfer 5.67% of the company's shares through an agreement.

General Elevator announced that the company's controlling shareholder and actual controller, Xu Zhiming's person acting in concert, Suzhou Jiyi Venture Investment Partnership (Limited Partnership) (referred to as "Suzhou Jiyi"), signed a "Share Transfer Agreement" with Ningbo Ningju Asset Management Center (Limited Partnership) (referred to as "Ningbo Ningju") on September 24, 2024. Suzhou Jiyi plans to transfer its held 13.612 million shares (accounting for 5.67% of the company's total share capital) of the company's unlimited sale condition circulation shares to Ningbo Ningju through an agreement transfer, with a total share transfer payment of 56.0814 million yuan.

Hua Pei Power: Termination of the 2024 annual issuance of shares to specific objects through a simplified procedure.

Hua Pei Power (603121) announced on the evening of September 25, 2024, that the company held a meeting on September 25, 2024, to review and pass the "Proposal on the Termination of the 2024 Annual Issuance of Shares to Specific Objects through a Simplified Procedure." Since the company first announced the issuance of shares to specific objects through a simplified procedure, the company's board of directors, management, and intermediaries have been actively promoting all work. In August 2024, the securities service institution hired for this issuance and listing application was suspended from engaging in securities service business for 6 months. After comprehensive consideration of the capital market environment, industry development, company strategy, and business situation, and after careful study, the company decided to apply to the Shanghai Stock Exchange to withdraw the application documents for this issuance of shares to specific objects through a simplified procedure.

Chang'an Automobile: The actual controller provides the company with a entrusted loan of 500 million yuan.

Chang'an Automobile (000625) announced on the evening of September 25 that the actual controller, China South Industries Group Co., Ltd. (referred to as "China South Industries"), plans to provide the company with an entrusted loan of 500 million yuan for the "New Energy Vehicle Key Technology Research and Vehicle Integration Application" project. In response to the above entrusted loan matter, the company plans to sign the "Entrusted Loan Loan Contract" with China South Industries and China South Industries Group Financial Co., Ltd., with a loan amount of 500 million yuan, a loan term of 24 months, and an annual interest rate of 2.8%.

Xiangshan Shares: The company's single largest shareholder has changed from Zhao Yukun to Junsheng Electronics.

Xiangshan Shares (002870) announced on the evening of September 25 that from August 27 to September 24, 2024, Junsheng Electronics has accumulated an increase of 2.4621 million shares of the company through the centralized bidding method, accounting for 1.8642% of the company's total share capital. Before Junsheng Electronics increased its holdings this time, Zhao Yukun directly held 18.8528% of the company's shares, and together with the person acting in concert, he held a total of 28.2793% of the company's shares, becoming the company's largest shareholder, controlling shareholder, and actual controller. As of September 24, 2024, Junsheng Electronics held 18.8770% of the company's shares, and the company's single largest shareholder changed from Zhao Yukun to Junsheng Electronics. The change of the largest shareholder this time will not lead to a change in the company's actual controller and controlling shareholder.Koma Technology: The company is a major core ceramic parts supplier for Shanghai Microelectronics

On September 25, Koma Technology replied on the interactive platform, stating that the company is a major core ceramic parts supplier for Shanghai Microelectronics, mainly supplying it with load-bearing fixed types and claw pad types of ceramic products.

Qinchuan IoT: Plans to acquire 60% of Chengdu Powerwater Technology Co., Ltd.

Qinchuan IoT (688528) announced on the evening of September 25 that the company is planning to acquire 60% of the equity of Chengdu Powerwater Technology Co., Ltd. in cash. After the completion of this transaction, the company will become the controlling shareholder of the target company. This transaction does not constitute a related transaction. According to preliminary calculations, this transaction is expected to constitute a significant asset restructuring.

Move Communication: Has launched in-depth cooperation with multiple domestic and foreign top two-wheeler manufacturers

Move Communication stated on the interactive platform on September 25 that the company has successively launched a variety of intelligent two-wheeler products on the market, including E-bikes, motorcycles, electric two-wheelers, and scooters. Intelligent products use technologies such as 4G, GPS/Beidou dual frequency, CAN/Uart, etc., to help two-wheelers achieve remote control, real-time communication, real-time location, track recording, battery management, and other functions. The company has launched in-depth cooperation with multiple domestic and foreign top two-wheeler manufacturers. Subsequently, with the policy support for the intelligentization of two-wheelers and consumer demand, the two-wheeler business will have a positive impact on the company's operations.

Furude: Planning to acquire semiconductor industry-related assets, trading suspension starting from September 26

Furude (301297) announced on the evening of September 25 that the company is planning to acquire semiconductor industry-related assets under the indirect holding shareholder FERROTEC Group through the issuance of RMB ordinary shares, convertible corporate bonds, cash (if any), and other methods. This transaction is expected to constitute a significant asset restructuring and also constitutes a related transaction. The company's shares will be suspended from the market opening on September 26, 2024, and it is expected that the suspension will not exceed 10 trading days.

Midea Group: Over-allotment rights have been fully exercised, increasing the total number of H shares to 651 million

Midea Group (000333) announced on the evening of September 25 that the company's 566 million H shares (before the exercise of over-allotment rights) were listed and traded on the main board of the Hong Kong Stock Exchange on September 17, 2024. According to the issuance plan, the company agreed that the overall coordinator (on behalf of the international underwriters) fully exercised the over-allotment rights on September 25, 2024, issuing 84.8932 million H shares at a price of HKD 54.80 per H share. After the full exercise of the aforementioned over-allotment rights, the H shares issued in this issuance increased from 566 million to 651 million.