China Fund News Chenxi
Hello everyone, it's a beautiful Friday again, let's pay attention to the latest market conditions and information.
On March 29, the central bank continued to release liquidity and launched a 7-day reverse repurchase operation of 150 billion yuan in the form of interest rate bidding, with the winning interest rate of 1.8%. On the same day, 2 billion yuan of reverse repurchase expired, so the net investment in a single day was 148 billion yuan.
Wind data shows that the central bank carried out a reverse repurchase operation of 850 billion yuan this week, because 22 billion yuan of reverse repurchase expired, and a net investment of 828 billion yuan for the whole week. In addition, there are 50 billion yuan of treasury cash fixed deposits due this week.
Today, the A-share market opened slightly lower: the Shanghai Composite Index fell 0.08%, the Shenzhen Component Index fell 0.08%, and the ChiNext Index edged down 0.01%. In the morning, the market fluctuated higher, and as of press time, the main indices were more red and less green.
On the disk, in the morning, millet automobiles, gold and jewelry, energy equipment, oil and gas and other sectors rose one after another, environmental protection stocks strengthened, media stocks fell, real estate, automobiles, restaurants and other sectors sluggish.
Hong Kong stocks are closed for Good Friday, and southbound and northbound trading is closed.
The concept of Xiaomi cars skyrocketed
After the Xiaomi car press conference attracted strong attention, on the morning of March 29, Xiaomi car concept stocks opened sharply, Hitech opened out of the 20CM daily limit, Kaizhong shares rose by the limit, Pengling shares, Jinrong Tianyu rose by more than 10%, Guangting Information, Haosen Intelligence, Aerospace Intelligent Manufacturing and so on.
Since last night, Xiaomi car-related topics have continued to dominate the hot search list on Weibo. According to the news released by the official Weibo of Xiaomi Automobile, Xiaomi SU7 was launched in 27 minutes and set 50,000 units. The new car is positioned as a medium and large pure electric sedan, with three versions: SU7/SU7 Pro/SU7 Max, priced at 215,900~299,900 yuan.
According to the research report of Guojin Securities, the market generally expected a high allocation price of more than 300,000 yuan, and the pricing exceeded expectations and the cost performance was highlighted. In the future, Xiaomi will launch a pure electric SUV MX11, and the benchmark product is Model Y, which is expected to be launched by the end of 2024. In the long run, Xiaomi may use the production capacity of traditional car companies through cooperation to quickly launch models and replicate production capacity, and the brand is expected to usher in large-scale volume in 2025. It is recommended to keep an eye on Xiaomi Auto and its supply chain.
Non-ferrous metals jerked gold stocks higher
On the morning of March 29, the non-ferrous metal sector slammed, and Xiaocheng Technology and Jinan High-tech rose by more than 10%. The gold and jewelry index rose, and Shandong Gold, CICC Gold, Yintai Gold, Hunan Gold and other gold rose one after another.
Yesterday evening, Shandong Gold released its 2023 results: last year's revenue was 59.275 billion yuan, a year-on-year increase of 17.83%, and the net profit attributable to the parent company was 2.328 billion yuan, a year-on-year increase of 86.57%, the best performance in history.
At the same time, on March 28, the international gold price hit a new high again, and COMEX gold futures continued to rise, breaking through $2,250 per ounce intraday.
The media sector continued to decline
On the morning of March 29, the media sector opened low and went low, with a significant intraday decline. Concepts such as short drama games, Chinese corpus, Douyin platform, and online games were among the top decliners.
In terms of individual stocks, Zitian Technology fell more than 11% intraday, and many stocks such as Zhongguang Tianxue, Jiayun Technology, Gigabit, and Simei Media fell sharply.
Yesterday evening, Zitian Technology announced that some of the shares of its controlling shareholder were pledged and judicially frozen. As of the disclosure date of the announcement, the total number of pledged shares of Zitian Technology's controlling shareholders, actual controllers and persons acting in concert with them is about 29.57 million shares, accounting for 93.66% of the company's shares held by them.
Ningke Biotech 8 plates
On March 29, Ningke Biotech opened with a one-word limit, and the stock price was 4.84 yuan per share, an increase of 10%, and it won 8 consecutive boards.
As an environmental protection concept stock, the share price of Ningke Biotechnology has been hot recently. Yesterday evening, Ningke Biotechnology issued a risk warning announcement, saying that the company's net profit attributable to the parent in 2021 and 2022 will be negative, and it is expected that the net profit attributable to the parent in 2023 will also be negative, and the company is currently in the bailout stage. In addition, the company's holding subsidiary, Zhongke New Materials, is still in a state of temporary suspension of production.
At the same time, Ningke Biotechnology also announced a major litigation announcement: due to a dispute over a financial loan contract, Ningxia Shizuishan Rural Commercial Bank Co., Ltd., Ningxia Pingluo Rural Commercial Bank Co., Ltd., and Ningxia Huinong Rural Commercial Bank Co., Ltd., as plaintiffs, submitted the "Civil Complaint" to the People's Court of Dawukou District, Shizuishan City, Pingluo County People's Court of Ningxia Hui Autonomous Region, and Huinong District People's Court of Shizuishan City, respectively, and filed a lawsuit against the defendants Ningke Biotechnology and Zhongke New Materials, involving an amount of 232 million yuan.
Editor: Xiao Mo
Review: Xu Wen