recently, Lei Jun, founder, chairman and CEO (CEO) of Xiaomi Group (HK01810, with a stock price of HK $12.36 and a market value of HK $309.01 billion), once again donated 20 million yuan to Wuhan University, his alma mater, to support the development of education and reward outstanding students. It is reported that since 1997, Lei Jun has donated several times to his alma mater, totaling 0.15 billion yuan.

This reflects Lei Jun's gratitude to his alma mater, and also demonstrates his importance and support for education. At the same time, this is also an impact investment that is beneficial to the construction and development of Xiaomi's brand.

Corporate brand building requires product innovation and marketing communication to enhance brand awareness and differentiation, as well as social responsibility and public welfare behaviors to enhance brand image and reputation. As the founder, chairman and CEO of Xiaomi Group, Lei Jun's personal image and behavior are also an important part of the Xiaomi brand. His donation to Wuhan University not only builds the personal brand of a successful entrepreneur and social welfare person, but also empowers the corporate brand of Xiaomi Group-enhancing the positive association of the brand in the minds of consumers.

At the same time, the donation of entrepreneurs or enterprises to colleges and universities is also a win-win cooperation. As an important base for knowledge innovation and personnel training, colleges and universities can provide enterprises with high-quality scientific research achievements and human resources, and promote the technological progress and talent reserve of enterprises.

In fact, with China's economic and social development, more and more Chinese entrepreneurs donate to colleges and universities to support the development of education. According to the 2022 China University Foundation Large Donation Observation Report, in 2021, the domestic university foundation received 254 large donations with an amount greater than or equal to 10 million yuan, and the number of large donations increased by 41% compared with 2020. Behind the donation of entrepreneurs, there are their own motives and considerations, but it also reflects their emphasis on education and their contribution to society. Donation to colleges and universities has become an important way for many domestic entrepreneurs and enterprises to build their brands.

Major Release

SAIC (SH600104): customized ocean-going car carrier "first launched", 12 ro-ro ships will be "all listed" by 2026

On August 29, China Shipbuilding Jiangnan Shipbuilding officially launched the first ocean-going car carrier (ro-ro ship) "tailor-made" for SAIC. This LNG (liquefied natural gas) dual-fuel, low-carbon and environmentally friendly new type of transport ship with 7600 parking spaces will be put into use next year. It plans to "resident" the European route and the upcoming Australia-New Zealand route. From 2024 to 2026, a total of 12 brand-new ocean-going transport ships of the 7600, 7800 and 9000 classes will be "included" in the SAIC Anji Logistics ocean-going fleet one after another.

Comments: Ro-Ro ships are the main mode of transportation for automobile exports, and their transportation efficiency and safety are higher than container transportation. As large ro-ro ships continue to join the SAIC Anji Logistics ocean-going fleet, SAIC's automotive logistics network covering major global markets will also be further enhanced, which will greatly enhance the company's overseas market competitiveness and brand influence.

Performance announcement

Xiaomi Group-W(HK01810): Adjusted net profit in the second quarter of 5.14 billion yuan, up 147% YoY

on August 29, Xiaomi group disclosed its financial report, showing that its revenue in the second quarter was 67.35 billion yuan, down 4.0 percent from the same period last year, and its adjusted net profit was 5.14 billion yuan, up 147 percent from the same period last year. Lu Weibing, partner and president of Xiaomi Group, revealed that Xiaomi's car building is progressing very smoothly, and even some recent progress has far exceeded expectations. The 2024 mass production and listing plan will remain unchanged.

Comment: Xiaomi Group achieved strong earnings growth in the second quarter, mainly due to its high-end strategy of smartphone business. As Xiaomi's largest business, the smartphone business showed an upward trend in the second quarter. As a strategic transformation and expansion, Xiaomi's car building is also an innovative challenge and opportunity, which means that Xiaomi's march from smart phones and smart homes to smart cars will create a more complete and diversified intelligent ecosystem.

gree electric appliance (SZ000651): net profit attributable to parent company in the first half of the year was 12.673 billion yuan, up 10.52 year on year

On August 30, Gree Electric released its semi-annual report for 2023. During the reporting period, the company achieved revenue of about 99.237 billion yuan, a year-on-year increase of 4.22; the net profit attributable to shareholders of listed companies was about 12.673 billion yuan, a year-on-year increase of 10.52.

Comments: Gree Electric Appliances is a leader in the domestic air-conditioning industry, with high-end brands and technological innovation as its core competitiveness. In the first half of the year, the company benefited from the recovery of the air-conditioning market and the optimization of product structure, achieving double growth in revenue and net profit.

Industry expansion

BYD (SZ002594): to acquire Jabil Singapore related businesses for 15.8 billion yuan

on August 28, BYD announced that its holding subsidiary BYD Electronics signed a framework agreement with Jabil Singapore. According to the agreement, BYD Electronics intends to acquire Jabil Singapore's product manufacturing business in Chengdu and Wuxi, including the parts manufacturing business of existing customers, for approximately RMB 15.8 billion (equivalent to US $2.2 billion) in cash.

Comment: BYD's acquisition is its "largest merger in history" and an important expansion of its original industry. Jabil Singapore is the world's leading electronics manufacturing service provider. Its products involve storage devices such as disk drives, optical drives, and flash drives. It has a good synergy with BYD Electronics's diversified businesses such as smartphones, tablets, and new energy vehicles.

industrial bank (SH601166): to invest 3.258 billion yuan to build a financial science and technology industrial park

On August 30, Industrial Bank issued an announcement stating that the company plans to build a financial technology industrial park in Fuzhou Binhai New City. The total construction investment of the project (including land costs, construction and installation costs, other construction costs, reserve costs, etc.) About 3.258 billion yuan. Planned uses include R & D center, data center, customer service center, operation center, training center and supporting rooms.

Comments: in the digital era, new technologies are widely used, and financial enterprises are facing unprecedented challenges. The construction of financial science and technology industrial park also stems from the objective needs of Industrial Bank, which is conducive to promoting the digital transformation of Industrial Bank, reserving scientific and technological resources needed for medium and long-term development, and enhancing the comprehensive competitiveness of science and technology.

New product launch

China Mobile (SH600941): Released "Breaking Wind 8676" Reconfigurable 5G RF Transceiver Chip

On August 30, China Mobile released its core independent innovation achievement "Breaking Wind 8676" in Beijing to reconfigure 5G RF transceiver chips. It is reported that the "Breaking Wind 8676" chip is the first key chip based on reconfigurable architecture design in China, which can be widely used in 5G cloud base stations, pico base stations, home base stations and other 5G network core equipment commercially, realizing a key breakthrough from zero to one, filling the domestic gap in this field and effectively improving the autonomous controllability of 5G network core equipment in China.

Comment: The "Breaking Wind 8676" chip is a major breakthrough and innovation of China Mobile in the 5G field. It is technologically advanced, competitive in the market and strategically reasonable. It not only demonstrates China Mobile's ability and determination in technological innovation, but also provides strong support for the development and growth of my country's 5G industry chain.

Technology Innovation

Rongsheng Petrochemical (SZ002493): The holding subsidiary has an annual output of 1000 tons of alpha-olefin pilot plant put into production

on August 30, Rongsheng petrochemical announced that the 1000-ton/year α-olefin pilot plant invested and constructed by Zhejiang petrochemical co., ltd., a subsidiary of the company, in Zhoushan green petrochemical base, was successfully put into operation recently and has successfully produced qualified product 1-hexene.

Comments: With the need to upgrade the quality of polyethylene, the development of the POE industry and the continuous development of downstream industries such as surfactants and lubricants, the market demand for α-olefins has steadily increased. The smooth commissioning of Rongsheng Petrochemical's plant is of great significance for opening up the relevant industrial chain in Zhejiang Petrochemical's high-end new material project, helping to break the dependence on foreign process technology, improving the supply capacity of domestic alpha-olefins, and ensuring the supply safety of the relevant industrial chain.

Executive Information

Xiaomi Group-W(HK01810): Lei Jun Donates 20 million yuan to Wuhan University again

according to the news of Wuhan university on August 28, lei jun, founder, chairman and CEO of Xiaomi group, has decided to continue to support the development of education in Wuhan university from 2023, doubling the total amount of lei jun scholarship (phase ii) compared with the first phase, with a total amount of 20 million yuan for ten years. on the basis of the original award, lei jun excellence scholarship will be added, with 10 students each year, each 100000 yuan.

Comments: Lei Jun's donation to Wuhan University again reflects his gratitude to his alma mater and his emphasis and support on education. As an outstanding alumnus of the Computer Department of Wuhan University, Lei Jun donated 10 million yuan to Wuhan University in 2012 to set up the Lei Jun Scholarship Program, which has awarded nearly 500 outstanding students. The "Lei Jun Excellence Scholarship" added this time is one of the highest single scholarships in domestic universities. It aims to encourage outstanding students of Wuhan University and cultivate more scientific and technological innovation talents.

Personnel changes

China Railway Construction (SH601186): Zhuang Shangbiao resigns as executive director and president, and Wang Lixin takes over

On August 30, China Railway Construction issued an announcement stating that Mr. Zhuang Shangbiao applied to the company's board of directors to resign as executive director, president and chairman of the board's strategy and investment committee due to his age. The board of directors of the company agreed to nominate Mr. Wang Lixin and Mr. Ni Zhen as executive directors of the company, and agreed to appoint Mr. Wang Lixin as president of the company and Mr. Zhu Hongbiao as chief accountant of the company.

Comments: Wang Lixin graduated from Southwest Jiaotong University with a bachelor's degree in bridge engineering and a postgraduate degree in economic management from the Central Party School. He is a senior engineer with rich management experience and professional knowledge.

Important cooperation

Agricultural Bank of China (SH601288): Signed Strategic Cooperation Agreement with Liaoning Provincial Government

On August 28, the signing of the strategic cooperation agreement between Liaoning Province and the central financial institutions and the bank-enterprise matchmaking meeting was held in Beijing. 17 central financial institutions including the Agricultural Bank of China signed strategic cooperation agreements with the Liaoning Provincial Government. According to the agreement, the Liaoning Provincial Government and the Agricultural Bank of China will give full play to their respective advantages in areas such as central-local cooperation, rural revitalization, industrial transformation and upgrading, and regional coordinated development, and jointly promote the three-year action of new breakthroughs in the comprehensive revitalization of Liaoning. At the same time, Liaoning Branch and Dalian Branch of Agricultural Bank of China signed cooperation agreements with key project enterprises in the province.

Comment: The strategic cooperation between the Agricultural Bank of China and the Liaoning Provincial Government is an important measure for both parties to deepen financial supply-side structural reforms, serve the real economy, and promote coordinated regional development. This is not only conducive to improving the financial availability and inclusiveness of Liaoning Province, stimulating the development vitality and innovation ability of Liaoning Province, and promoting the high-quality development of Liaoning Province, but also reflecting the work of Agricultural Bank of China.For the central financial institutions to support and responsibility for local economic development.

JinkoSolar (SH688223): signed an agreement with Huaneng New Energy Co., Ltd.

Recently, JinkoSolar and Huaneng New Energy Co., Ltd. formally signed a strategic framework cooperation agreement. According to the agreement, the two parties will achieve in-depth cooperation in the new energy industry market and resource integration, give full play to their respective advantages in information resources, business channels, technical management, capital talents, market planning, etc., and carry out all-round and multi-field cooperation. Realize the mutually beneficial symbiosis of product services and resource collaboration.

Comment: The strategic cooperation between JinkoSolar and Huaneng New Energy reflects the strong alliance and complementary advantages of the two companies in the field of new energy, and also demonstrates the confidence and determination of the two companies in the future development of the new energy industry. Through this cooperation, JinkoSolar will further expand its market share and brand influence, and enhance its core competitiveness and profitability.

Kweichow Moutai (SH600519): Moutai Group Signed Agreement with China Merchants Group

On August 31, Kweichow Moutai's parent company Moutai Group and China Merchants Group signed a strategic cooperation framework agreement. The two parties will actively leverage their respective advantages and carry out strategic cooperation in the fields of finance, food supply chain, and logistics. The cooperation model realizes resource sharing, complementary advantages, and promotes mutual benefit and common development.

Comments: In the current liquor market, competition is intensifying and brand protection is becoming more difficult. Moutai also needs to strengthen its capabilities in financial support, logistics and distribution, and food safety; China Merchants Group is actively promoting the transformation and upgrading of traditional industries and accelerating The development of strategic emerging industries needs to expand new partners and increase investment returns. The cooperation between the two parties can improve operational efficiency and risk prevention and control capabilities, and enhance market competitiveness and anti-risk capabilities.