China's asset counterattack! Evergrande executives earn over ten million yuan per year? Latest Response to Technology | Concepts | Assets
Today, A-shares staged another V-shaped reversal, and Hong Kong stocks also strengthened in the afternoon. The Hang Seng Technology Index rose by over 1% at one point. In addition, A50 and offshore RMB also saw a straight rise in the afternoon.
Specifically, in terms of A-shares, the three major stock indexes rose and fell during the trading session, but rose overall in the afternoon driven by sectors such as brewing and securities. As of the close, the Shanghai Composite Index rose 0.43% to 3163.74 points, the Shenzhen Component Index rose 0.61% to 10644.52 points, the ChiNext Index rose 0.66% to 2147.06 points, and the Science and Technology Innovation 50 Index rose 0.95%. The total transaction volume of the two cities is 739.8 billion yuan, an increase of 35.6 billion yuan from yesterday; Northbound funds have sold a net of approximately 1.5 billion yuan and have reduced their holdings for 9 consecutive days.
Nearly 4000 stocks in the two markets have turned red, and the concept of robots has exploded. Haozhi Electromechanical, Tusda, Keli Sensing, Zhongli Dede and others have hit the limit up; The military industry sector has risen, with companies such as Guanxiang Technology, Hawei Huatong, and Great Wall Military Industry hitting the daily limit, while Northern Changlong and Xinyu Guoke have risen by over 12%; The concept of high-pressure fast charging has been elevated, with Taiyong Long March and Green Energy Smart Charging hitting the limit up; The automotive industry chain stocks are once again active, with Zhongma Transmission, Southern Precision Industry, Guangyang Shares and others hitting the limit up; Beer stocks collectively rose, with Chongqing Beer hitting the daily limit and Qingdao Beer rising by over 4%; The insurance and banking sectors saw a slight decline. In addition, the three new stocks listed today performed well, with Xinyu Renmin up 76% to 41.7 yuan, and the intraday increase doubled to 47.86 yuan. Based on the highest price, the single signing profit of the stock reached 12000 yuan; Defu Technology rose 56.57% to 43.84 yuan, with the highest intraday profit reaching 56 yuan. Based on this calculation, the highest single signing profit of the stock reached 14000 yuan; In addition, Boxun Biotechnology rose 31.49% to 12.82 yuan, with a significant increase of 93.5% during the trading session. It is worth noting that the recently listed "best" new stock of the year, Menggu Li, has hit the daily limit up for two consecutive days.
Hong Kong stocks followed the pace of A-shares and rose in the afternoon, with the Hang Seng Technology Index performing strongly. As of the close, the Hang Seng Index fell slightly by 0.01% to 18326.63 points, while the Hang Seng Technology Index rose 0.78% to 4158.28 points. In terms of individual stocks, Xinxiu Li rose nearly 10%, Dongfang Zhenxuan rose over 8%, and China Resources Beer and Xiaopeng Automobile rose over 4%; Country Garden and Alibaba Health fell more than 7%, while JD Health fell more than 6%.
Apart from A-shares and Hong Kong stocks, Singapore traded A50 index futures and offshore RMB both showed a strong performance in the afternoon.
Robot concept explosion
The robot concept has shown strong performance today. As of the close, Haozhi Electromechanical and Tusda have hit the limit up at 20cm, Fengli Intelligent has risen by over 15%, Buke Shares has risen by nearly 14%, and Youde Precision and Jiangsu Leili have risen by over 10%.
On August 16th, 2023, the World Robotics Conference opened in Beijing. Vice Minister of Industry and Information Technology, Xin Guobin, stated in his speech that the Ministry of Industry and Information Technology will seize the strategic opportunities of industrial development, build an open and shared cooperation ecosystem, and vigorously promote the high-quality development of the robotics industry. Firstly, we must adhere to the application driven approach, deeply promote the "robot+application" initiative, refine and strengthen the implementation and application in specific fields, encourage exploration in emerging fields, and promote the concept verification and iterative upgrading of innovative robot products in the application process, continuously penetrating and applying them to various industries and fields of the national economy.
In addition, Beijing has recently released several measures to promote the innovative development of the robotics industry, proposing to strengthen the development and supply of robotics industry land, enhance the spatial carrying capacity of the industry, take the lead in building robotics industry bases in regions with conditions, and attract global robotics industry chain enterprises to land and layout. Accelerate the approval process for enterprises to purchase R&D and production land, and achieve the goal of "starting construction immediately upon land acquisition". The robot standard plant project built by the authorized industrial park development enterprise will be supported by fixed assets investment according to the existing policies. Intensify the cultivation of "specialized, refined, unique, and new" enterprises in the field of robotics, organize professional institutions to provide incubation, investment, and other services for innovative small and medium-sized enterprises and "specialized, refined, unique, and new" enterprises in the field of robotics, and reward eligible institutions based on service performance.
Donghai Securities pointed out that with increasing policy support, the domestic robot industry chain is expected to usher in a period of rapid growth opportunities. The application scenarios of industrial robots in downstream industries such as lithium batteries and photovoltaics are further enriched, and the penetration rate of complete machines is expected to continue to increase. Domestic complete machine leaders are accelerating their market share. Core components such as reducers, servos, controllers, etc. are constantly pushing towards high-end development, with domestic substitution or further acceleration. In terms of humanoid robots, related supply chains such as precision reducers, planetary roller screws, hollow cup motors, and frameless torque motors have strong potential and are expected to make breakthroughs in the future with the landing progress of humanoid robots.
The rise of the military industry sector
The military industry sector, which has been dormant for a long time, rose today. As of the close, Guanxiang Technology and Harbin Welding Huatong hit the limit up at 20cm, while Northern Changlong and Xinyu Guoke rose by more than 12%. Zhongguang Lightning Protection and Jiangsu Leili rose by more than 10%, while Great Wall Military Industry and Hongyuan Electronics also hit the limit up.
The institution stated that currently, the price to earnings ratio of most targets in the military industry sector has returned to a reasonable range. It is expected that the industry's performance from 2023 to 2024 is expected to achieve stable growth under the high momentum of the industry. Currently, most of the targets with fast performance growth have returned to reasonable valuations and are mismatched with performance growth, highlighting investment value.
Debon Securities pointed out that at the current point, the certainty and sustainability of defense weapon and equipment construction are high, and it is currently a good opportunity for long-term allocation of sectors. It is suggested to pay attention to relevant targets that are expected to continuously release performance, and in terms of overall configuration ideas, it is suggested to select new directions, such as satellite Internet, laser weapons, unmanned aerial vehicles, remote fire and other related targets, and appropriately allocate the core beneficiary targets of state-owned enterprise reform.
Elevated concept of high-pressure fast charging
The concept of high-pressure fast charging is showing active trends today. As of the close, Taiyong Long March and Lvneng Huichong have hit the limit up, Hanyu Group has risen by more than 8%, Wanxiang Technology and Yingkerui have risen by more than 6%, and Junsheng Electronics, Wanma Shares, Xiangshan Shares and others have risen by more than 4%.
On August 16th, Ningde Times held an offline new product launch event and officially released the world's first lithium iron phosphate 4C rechargeable battery - Shenxing Supercharged Battery, which can charge up to 800 miles in 10 minutes. It is reported that the Shenxing overcharged battery can achieve fast charging in the entire temperature range, achieving low temperatures as low as room temperature. In terms of endurance, the Shenxing overcharged battery can rival gasoline vehicles, with a range of up to 700km, and its zero to hundred acceleration performance does not deteriorate in low temperature and low power situations. Shenxing Supercharged Battery will be mass-produced by the end of 2023 and will be launched in the first quarter of 2024.
The institution stated that 2023 will become the first year of domestic fast charging vehicle models, and achieving high-voltage fast charging is a relatively complex system engineering that requires collaborative upgrading of vehicle pile network end. This will bring about technological upgrades and investment opportunities in large-scale industrial chains such as vehicles, batteries, charging piles, power electronics, and power grids.
Dongguan Securities pointed out that compared to high current fast charging, high-voltage fast charging has advantages such as a larger efficient charging range, higher power peak, less technical difficulty, and relatively controllable cost, making it the mainstream trend leading fast energy replenishment. The development of high-power charging technology standards for the next generation of new energy vehicles in China is accelerating. With leading domestic and foreign car companies taking the lead in applying 800V high-voltage platforms to high-end models, we aim to build differentiated product competitiveness. In recent years, high-voltage fast charging routes have been favored by more and more host manufacturers, and high-voltage platform models have been launched or planned to be launched one after another. They will be intensively launched in 2023. High voltage platform models will become an important trend in the next 3-5 years. At the same time, leading car companies and operators are actively promoting the accelerated layout of high-voltage and high-power DC charging station networks. Leading battery companies are launching fast charging battery solutions one after another. The promotion conditions for high-voltage fast charging are gradually maturing and are expected to enter a period of rapid expansion.
Evergrande responds to executives earning over ten million yuan per year
Recently, news about Evergrande has been constantly spreading, and market attention has continued to rise.
Today, it was rumored on the internet that most executives at Evergrande earn over ten million yuan per year. Subsequently, Evergrande responded that it was a misreading, mainly due to options that could not be redeemed. Taking the salary of Xia Haijun, former president of Evergrande Group, as an example, the annual report shows that his salary for 2022 was 21.23 million yuan, including a salary of 7000 yuan, a sole director's robe of 134000 yuan, and option income of 21.08 million yuan. Evergrande responded that according to Hong Kong financial accounting rules, even if options cannot be redeemed, they need to be allocated to salaries based on the assessed value at the time of option issuance, so the salaries shown in the annual report are not the actual income of executives.
It is understood that since the explosion of mines in the second half of 2021, Evergrande has initiated efforts to streamline institutions, optimize personnel, and significantly reduce salaries. Among them, the number of headquarters departments has been reduced from 31 to 11, the number of headquarters management personnel has been reduced from 2176 to 617, and the monthly salary for president and executive vice president has been reduced to 10000 yuan.
