Mini Program: A-share pre-market news briefing.
Important news.
1. Bond Connect Company announces a significant fee reduction, with service fee rates reduced by 60%, effective from January 1, 2025.
Bond Connect Company will reduce service fees starting January 1, 2025. For transactions with a remaining term of one year or less, the fee will be reduced from 0.0015% of the face value to 0.0006%; for transactions with a remaining term of more than one year, the fee will be reduced from 0.0030% to 0.0012%. This fee reduction of 60% is the largest reduction in the service fee of Bond Connect since its operation seven years ago and is the fourth fee reduction by the company. This move highlights Bond Connect's proactive response to investor concerns, supporting the positive development of the Bond Connect mechanism and its commitment to providing practical services to the market for the long term.
2. China Semiconductor Industry Association, China Internet Association, China Automotive Industry Association, China Communications Enterprises Association: Cautiously choose to purchase American chips.
Recently, the United States announced the inclusion of 140 Chinese enterprises in the entity list on the grounds of national security and imposed export controls on more semiconductor products such as high-bandwidth memory chips. In response, several industry associations in China issued statements calling on domestic enterprises to be cautious in purchasing American chips. The China Semiconductor Industry Association stated that this move undermines the principles of fair trade in the global semiconductor industry and affects the stability of American companies' supply chains, casting doubt on the safety and reliability of American chip products. The China Automotive Industry Association, Internet Association, and Communications Enterprises Association also expressed their views, stating that the trust of the Chinese industry in American chip products has been shaken, and recommending domestic enterprises to expand cooperation with chip companies from other countries and regions, as well as to strengthen independent research and development and use of domestic chips. All associations emphasized that to ensure the safety and stability of the industrial chain, it is necessary to avoid excessive reliance on American chips and promote cooperation and common development with other global chip companies.
3. The Ministry of Industry and Information Technology is planning a new round of policies to stabilize growth in the equipment manufacturing industry, and the machinery industry '14th Five-Year' plan is underway.
On December 3, Vice Minister of Industry and Information Technology Xin Guobin pointed out in his speech at the opening ceremony of the 2024 Equipment Manufacturing Industry Development Conference that the added value of the equipment manufacturing industry has maintained a proportion of over 30% of the total industrial output for 20 consecutive months. The Ministry of Industry and Information Technology will focus on promoting stable growth in the equipment manufacturing industry, planning a new round of policies to stabilize growth in the equipment manufacturing sector, and pushing for the introduction of incremental measures. It was learned from the conference that the China Machinery Industry Federation is currently organizing the preparation of the '14th Five-Year' plan for the machinery industry, which has received guidance from relevant national ministries. The plan will fully pay attention to the healthy development of various types of ownership enterprises, including foreign-funded enterprises, in the Chinese market in the future.
4. Passenger Car Association: Preliminary data shows that the wholesale sales of new energy passenger cars in November reached 1.46 million units, a year-on-year increase of 51% and a month-on-month increase of 6%.
The Passenger Car Association indicated that recently the market advantages of leading new energy enterprises continue to expand, and the market differentiation under different oil and electricity rights has intensified, with new energy penetration rates remaining high. According to preliminary data, the estimated sales of new energy passenger car manufacturers with sales over 10,000 units in November is 1.37 million, and based on last month's structure ratio, the national wholesale sales of new energy passenger cars in November is estimated to be 1.46 million units. It is expected that the new energy penetration rate in November will continue to exceed 50%. Based on the comprehensive estimates from monthly preliminary data, the national wholesale sales of new energy passenger cars in November is estimated to be 1.46 million units, a year-on-year increase of 51% and a month-on-month increase of 6%.
5. Ministry of Commerce: In principle, does not permit the export of gallium, germanium, antimony, and related dual-use items to the United States.
The Ministry of Commerce announced that in accordance with relevant laws and regulations, including the (Export Control Law of the People's Republic of China), to maintain national security and interests, and to fulfill international obligations against proliferation, it has decided to strengthen export controls on related dual-use items to the United States. The announcement states: 1. The export of dual-use items to military users or for military purposes in the US is prohibited. 2. In principle, no permission will be granted for the export of gallium, germanium, antimony, and related dual-use items to the United States; for graphite dual-use items exported to the US, stricter end-user and end-use reviews will be implemented. Any organization or individual from any country or region that violates the above provisions by transferring or providing dual-use items originating from the People's Republic of China to organizations and individuals in the United States will be held legally accountable. This announcement will take effect from the date of publication.
6. Ministry of Foreign Affairs responds to restrictions on Australian meat products: China is willing to continue dialogue with Australia to promote stable development of China-Australia relations.
Ministry of Foreign Affairs spokesperson Lin Jian hosted a regular press conference. A Bloomberg reporter asked whether it can be confirmed that Australian Prime Minister publicly stated that China has lifted restrictions on imports of Australian meat products, which may pave the way for more beef exports to China. Can the Foreign Ministry confirm this news and elaborate on what signal this sends to China-Australia relations? Lin Jian replied, 'For specific economic and trade issues, I suggest you consult the relevant authorities in China.' He further stated that China is willing to continue to work with Australia to resolve mutual concerns through dialogue and consultation, making China-Australia relations more mature and stable, and better benefiting the peoples of both countries. (Beijing Daily)
7. Ministry of Foreign Affairs responds to 'Trump's threat to BRICS countries': BRICS countries do not engage in camp confrontation and do not target third parties.
At the regular press conference of the Ministry of Foreign Affairs on the 3rd, a reporter asked about Trump's previous threat to BRICS countries, stating that if these countries do not abandon the plan to create an alternative currency to the US dollar, the US would impose a 100% tariff on them. What is the Foreign Ministry's comment? Spokesperson Lin Jian stated, 'As an important platform for cooperation among emerging markets and developing countries, BRICS countries advocate openness, inclusiveness, win-win cooperation, do not engage in camp confrontation, and do not target third parties, aiming to achieve common development and general prosperity. China is willing to continue to deepen practical cooperation with its BRICS partners in various fields, contributing more to the sustained and stable growth of the world economy.'
Individual stock news.
1. Northern Huachuang: Being listed on the 'entity list' this time will not have a substantial impact on the company's business.
Northern Huachuang announced that the company is currently operating normally, and being listed on the 'entity list' this time will not have a substantial impact on the company's business; the company will continue to pay attention to and follow up on the developments of subsequent events and actively communicate with all relevant parties to prepare for the response.
2. Zheshang Securities: Approved to become the main shareholder of Guodu Securities.
Zheshang Securities announced that the company recently received a forwarded approval from Guodu Securities Co., Ltd. regarding the change of its main shareholder and actual controller (CSRC Permit [2024] No. 1741), approving the company to become the main shareholder of Guodu Securities, and approving Zhejiang Provincial Transportation Investment Group Co., Ltd. to become the actual controller of Guodu Securities, with no objections to the company's lawful acquisition of 1.997 billion shares of Guodu Securities (accounting for 34.2546% of the total shares of Guodu Securities).
3. Golden Dragon Fish and its affiliates increase capital for Shandong Luhua Group, increasing the equity ratio to 26.64%.
Tianyancha App shows that Shandong Luhua Group Co., Ltd. recently underwent a business change, adding Golden Dragon Fish and its affiliate GRANDSILVER (LAIYANG) CO. LIMITED as shareholders, with registered capital increasing from 800 million RMB to about 1.091 billion RMB. Additionally, Lü Zhaolong has been added as a director. According to media reports, in September this year, Golden Dragon Fish announced that the company and its affiliate Hong Kong Jiayin planned to price part of their shares at 2.29 billion RMB and 3.279 billion RMB respectively to increase capital for Shandong Luhua Group Co., Ltd. Through this transaction, Golden Dragon Fish and its affiliates will collectively acquire 26.64% of the equity of Luhua Group.
4. Sunrise Oriental executive received a warning letter from Jiangsu Securities Regulatory Bureau for short-term trading by a spouse.
Sunrise Oriental announced that senior executive Jiao Qingtai received a warning letter from Jiangsu Securities Regulatory Bureau. Jiao Qingtai's spouse, Sun Kemei, traded the company's stock through their account, buying 188,700 shares from June 6 to June 19, 2024, with a transaction amount of 705,500 RMB, and selling 49,400 shares on November 7, 2024, with a transaction amount of 322,100 RMB, which constitutes short-term trading due to the action of selling within six months after buying. Jiao Qingtai has received a warning letter from Jiangsu Securities Regulatory Bureau and must submit a written report within 10 working days.
5. Shanghai Xinyang: Copper sulfate products have officially and continuously supplied TSMC.
Shanghai Xinyang stated on the interactive platform that the company's copper sulfate products have officially and continuously supplied TSMC.
6. Saiwei Electronics: The National Integrated Circuit Industry Investment Fund has cumulatively reduced its holdings by 8.7246 million shares.
Saiwei Electronics announced that the shareholder holding more than 5% of the shares, the National Integrated Circuit Industry Investment Fund Co., Ltd., has cumulatively reduced its holdings by 8.7246 million shares from November 7, 2024, to December 2, 2024, through concentrated bidding and block trading, accounting for 1.1915% of the company's current total share capital. After this equity change, the National Integrated Circuit Fund's shareholding ratio decreased from 10.0452% to 8.8713%.
7. Guohua Life reduced its holdings in New World by 23.43 million shares, dropping below 5% ownership.
New World announced that on December 3, 2024, it received a notice of equity change from its shareholder, Guohua Life, which holds more than 5% of the shares. From November 29 to December 3, 2024, Guohua Life reduced its holdings in the company by a total of 23.4307 million shares through block trading and concentrated bidding, accounting for 3.6221% of the company's total share capital. Before this equity change, Guohua Life held a total of 55.7745 million shares, accounting for 8.6221% of the company's total share capital. After this equity change is completed, Guohua Life will hold a total of 32.3438 million shares, accounting for 5.0000% of the company's total share capital, and will no longer be a shareholder holding more than 5% of the company.
8. Two consecutive boards of GAC Group: The impact of cooperation with Huawei on the company's performance depends on the progress of various specific cooperation areas.
GAC Group issued an announcement regarding abnormal fluctuations in stock trading. On November 30, 2024, the company signed a deepening cooperation agreement with Huawei Technologies Co., Ltd. The company will create a brand new high-end smart electric vehicle brand, and through this new brand, cooperate deeply with Huawei to leverage each other's strengths in the fields of smart car product development, marketing, and ecological services. The impact of this cooperation on the company's performance depends on the progress of various specific cooperation areas. Some media have shown high interest in the aforementioned cooperation between the company and Huawei.
9. Three consecutive boards of Wuzhou Xinchun: There is information circulating in the market that is similar to the content of company research records and was not released through company research, which is misinformation.
Wuzhou Xinchun issued a notice regarding abnormal fluctuations in stock trading, stating that the market rumors indicate that the company found similar research record content circulating in the market and verified that its content was not released through company research, thus constituting misinformation. The company reserves the right to pursue legal responsibility against relevant enterprises and individuals for spreading such misinformation. From the beginning of 2024 to now, the company's screw products have accumulated invoiced income of approximately 6.8 million RMB (including automotive screw products), accounting for 0.22% of the company's total revenue for the year 2023, which is very small and does not affect the company's performance. Currently, the company primarily provides screw-related products as a secondary supplier to a company in Hangzhou (with a small amount supplied through other channels), and the company cannot determine the end customers of the Hangzhou company.
10. Three consecutive boards of Jiechang Drive: Research on key technologies for high thrust density electric linear actuators is currently progressing smoothly.
Jiechang Drive issued an announcement regarding abnormal fluctuations in stock trading, stating that the company noted the recent high market interest in humanoid robot-related concepts, with some institutions listing the company as a robot concept target. The 'Leading Goose' R&D project led by the company—Research on key technologies for high thrust density electric linear actuators—is currently progressing smoothly. The company's related component products are still in the R&D and testing stages and have not yet been supplied to the market in bulk, thus not generating revenue. In addition, the company co-invested with Zhejiang Lingqiao Intelligent Technology Co., Ltd. to establish a joint venture with a total investment of 4.3 million RMB, mainly engaged in the R&D, production, manufacturing, and sales of core components such as joint modules and actuators. The company is currently in the early stages of establishment and will not impact the company's performance for the time being, but may face unpredictable factors or force majeure impacts in the future due to changes in the macro economy, industry policies, market competition, and technological iterations, leading to a certain degree of uncertainty in future operations.
Article forwarded from: Jinshi Data
