Mini Program: A-share pre-market news flash
Important News
1. Shenzhen: By the end of 2027, promote the overall improvement of the quality of listed companies in and outside Shenzhen, with a total market value exceeding 15 trillion yuan.
The Shenzhen Municipal Financial Office publicly solicited opinions on (Shenzhen's Action Plan for Promoting High-Quality Development of Mergers and Acquisitions (2025-2027) (Public Consultation Draft)). The goal is to promote the overall improvement of the quality of listed companies in and outside Shenzhen by the end of 2027, with a total market value exceeding 15 trillion yuan; to keep the mergers and acquisitions market active, completing over 100 merger and acquisition projects, with a total transaction value exceeding 30 billion yuan, forming a number of excellent merger and acquisition cases, demonstrating and leading the role, and helping Shenzhen build an influential center for innovative capital formation.
2. General Office of the Central Committee and State Council: Encourage the development of new logistics models combined with platform economy, low-altitude economy, and unmanned driving.
The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued (Action Plan for Effectively Reducing Logistics Costs for the Whole Society). Improve the digital level of logistics hardware and activities across society, encourage major logistics technology breakthroughs, promote the widespread application of technologies such as big data, 5G, and the BeiDou satellite navigation system, drive the research and application of important logistics equipment, and innovate the system integration of smart logistics. Encourage the development of new logistics models combined with platform economy, low-altitude economy, and unmanned driving, improve and optimize management standards and regulations, and support enterprises in commercial innovation applications. (Xinhua News Agency)
3. Seven departments jointly issued (Action Plan for Promoting High-Quality Development of Digital Finance): By the end of 2027, a financial system highly adapted to the development of the digital economy will be basically established.
On November 27, the People's Bank of China and seven other departments jointly issued (Action Plan for Promoting High-Quality Development of Digital Finance). This plan, guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, aims to basically establish a financial system highly adapted to the development of the digital economy by the end of 2027. Key tasks include promoting the digital transformation of financial institutions, enhancing digital management capabilities, strengthening technological support and self-controllable capabilities, and advancing the digital adaptation of financial products and services. The plan points out that a digital public service platform for the securities and futures industry should be constructed to provide technical support for the digital transformation of financial institutions and promote the coordinated development of digital finance with technology finance and green finance. By improving the digital finance governance system and infrastructure, the governance level of digital finance can be enhanced, providing strong support for the high-quality development of China's digital economy. In addition, the plan emphasizes that through digital finance innovation, the inclusiveness and adaptability of financial services should be further improved, especially to support major strategies, key areas, and weak links.
4. In October 2024, the domestic market's mobile phone shipments increased by 1.8% year-on-year, with 5G phones accounting for over 90%.
In October 2024, the domestic market's mobile phone shipments reached 29.674 million units, a year-on-year increase of 1.8%. Among them, 5G mobile phone shipments were 26.722 million units, a year-on-year increase of 1.1%, accounting for 90.1% of the same period's mobile phone shipments. From January to October, 5G mobile phone shipments accounted for 85.5% of the same period's mobile phone shipments. In October, 37 new mobile phone models were launched in the domestic market, a year-on-year decrease of 26.0%, of which 22 were 5G mobile phones, a year-on-year decrease of 29.0%, accounting for 59.5% of the number of new mobile phone models launched during the same period. From January to October, the number of new 5G mobile phone models launched accounted for 52.7% of the same period's new mobile phone models.
5. Brokerage price war reignited: New accounts enjoy '0.01%' commission, ETF financing interest rate as low as 3.99%
Commission rates have generally dropped to '0.01%', and ETF financing rates are as low as 3.99%. Brokerages have reignited the 'price war'. According to multiple brokerages, currently, the commission rate for new individual investors is as low as 0.01%, some brokerages require account funds to reach 500,000, while others have no fund requirements. Regarding whether it is possible to achieve '0.01% free of 5', many brokerage department managers said it is not feasible due to regulatory and compliance requirements. The margin financing rates have also been adjusted. It is understood that currently, the financing rates offered by brokerages to new margin clients are generally around 5%, and after transactions, depending on the amount of funds, the financing rate can be applied to be lowered to about 4.5%. Additionally, some brokerages have recently launched limited-time discounts for ETF financing, with rates as low as 3.99%. (Yicai)
6. The U.S. State Department downgraded its travel advisory for China from Level 3 to Level 2.
On November 27 at 8:30 PM, the U.S. State Department's website downgraded its travel advisory for China from Level 3 to Level 2 and removed the 'D' designation regarding the risk of illegal detention.
Individual stock news
1. Guizhou Moutai's Wang Li: Moutai's goal is to become an international company by 2035.
Guizhou Moutai's first temporary shareholders' meeting in 2024 was held today. Guizhou Moutai's acting general manager Wang Li stated that Moutai is the best-selling liquor in China for exports, but it is currently still at the product export level. The next step is how to go overseas, and the next step is how to become an international company. 'Moutai's goal is to become an international company by 2035, with an international perspective, pattern, and value creation.' (Wine Industry Insider)
2. Zhongwen Online: In the future, Dimension Exploration will continue to actively participate in the 'millet economy'.
In response to the question 'What is the company's layout in the millet economy?' during the investor relations activity record, Zhongwen Online stated that in October 2024, the company officially launched a brand 'Dimension Exploration' focused on IP derivative development, dedicated to transforming well-known domestic and foreign IPs into high-quality derivative products that fit the trends of the times and contain innovative elements, especially in the field of secondary culture with deep accumulation. The group currently owns the self-developed IP 'Luo Xiaohui', and cooperates with exclusive licensed IPs such as 'Minions', 'Transformers', 'One Piece', and 'Transformers'. It has become one of China's large trendy toy brand enterprises. A matrix of categories including but not limited to trendy toys, educational toys, and plush toys has been formed. Among them, the flagship store of 'Luo Xiaohui' continuously launches a series of millet-related products, including badges, acrylic cards, shaking toys, film cards, posters, transparent cards, and various types of millet products, with sales at a high level in the domestic comic IP millet category. The company will continue to focus on the development of all categories of IP products and ensure the introduction and export of IP products, responding to trends and leading trends, and continuously providing rich nourishment for spiritual sustenance. In the future, Dimension Exploration will actively participate in the 'millet economy' to allow more users to purchase IP derivatives that break through the 'dimensional wall'.
3. New World with three consecutive limit-ups: The pan-second dimension business accounts for a very small proportion of the company's overall business segment.
New World released a stock trading risk warning announcement, stating that the company has noted that the IP economy (millet economy) concept has received high market attention recently. The company's main business currently is the department store retail industry, and the pan-second dimension business accounts for a very small proportion of the company's overall business sector, which has limited impact on the company's overall performance.
4. Hongda High-Tech: After 10 years, the company seized market opportunities to reduce holdings of Haining Leather City by 11.15 million shares.
Hongda High-Tech announced that at the 2014 annual general meeting of shareholders, the proposal (on authorizing the chairman to dispose of available-for-sale financial assets) was approved, authorizing the chairman to dispose of the 30.3 million shares of Haining China Leather City Co., Ltd. held by the company as per market conditions until all shares of Haining Leather City are disposed of. Recently, the company seized market opportunities and sold part of its holdings in Haining Leather City shares. As of the announcement date, the company has sold a total of 11.15 million shares of Haining Leather City through the stock exchange's concentrated competitive bidding trading method, with an average transaction price of 6.4268 yuan/share, amounting to 71.6589 million yuan (after deducting stamp duty and transaction commission). This reduction represents 0.87% of Haining Leather City's total share capital. After this reduction, the company still holds 19.15 million shares of Haining Leather City, accounting for 1.49% of the total share capital of the company.
5. Zhongbei Communication: As of now, the total computing power put into use by the company has exceeded 10,000 P.
Zhongbei Communication released an announcement on the investor relations activity record, stating that as of now, the total computing power put into use by the company has exceeded 10,000 P, mainly distributed in Shanghai, Qinghai, Hubei, Anhui, and other places. In addition, the construction of the company's new energy production line is progressing smoothly, with the civil engineering of production workshops and supporting buildings completed, and various specialties of electromechanical support entering the site one after another, with production line equipment arriving successively and installation and debugging ongoing. The company's computing power business mainly serves clients with AI computing power needs, such as large model manufacturers, industry vertical customers, higher education institutions, and research institutes. Overseas business is an important direction for the company's future development and performance growth, with a focus on countries along the Belt and Road such as the Middle East, Southeast Asia, and Africa.
6. StarNet Yuda: Plans to complete the first verification flight of an all-weather multi-disaster comprehensive disaster detection drone in the fourth quarter of 2024.
StarNet Yuda stated on the interactive platform that the company is developing an all-weather multi-disaster comprehensive disaster detection drone, which is mainly aimed at civil emergency scenarios and can achieve functions such as positioning, navigation, communication, signal relay transmission, remote sensing, and material delivery, with advantages such as strong wind resistance, strong payload capacity, long endurance, ease of use, and simple maintenance. Currently, the aircraft's main body design has been completed, and the first verification flight and demonstration flight are planned to be completed in the fourth quarter of 2024. In addition, the company has completed a technical iteration of a highly integrated anti-drone product. The purpose of this system is to defend against the use of drones to deliver dangerous goods to key areas or to capture supervisory facilities by combining radar/spectrum detection, GPS deception, radio frequency interference, data analysis, and automatic countermeasures to achieve monitoring, identification, and attack on drones. By detecting, countering, and guiding drones in the controlled area, it prevents illegal drones from entering core protected areas.
7. Shangong Shenbei: The control of the largest shareholder may change, stock will be suspended from trading starting tomorrow.
Shangong Shenbei announced that on November 27, 2024, it received a notice from its largest shareholder, Pukefei, stating that due to the indirect controlling shareholder Hongtianyuan Partnership's partners planning the transfer of property share agreements, this may lead to changes in the control of the company's largest shareholder, Pukefei. The company's A-shares and B-shares will be suspended from trading starting from November 28, 2024, with the suspension expected to last no more than 2 trading days.
8. Wanye Enterprises: Planning changes in actual control, stock will be suspended from trading starting tomorrow.
Wanye Enterprises announced that due to the partners of its indirect controlling shareholder Hongtianyuan Partnership planning the transfer of property share agreements, this may lead to changes in the company's actual controller. The company's stock will be suspended from trading starting from November 28, 2024, with the suspension expected to last no more than 2 trading days.
Article forwarded from: Jinshi Data