[abstract] deguan new materials applied for purchase today; U.S. Ministry of Commerce Releases Final Rules on Semiconductor Export Control to China, Ministry of Commerce: China Firmly Opposes; Minister of Commerce Wang Wentao Meets Apple CEO Cook; 5.2! In the first three quarters, the GDP growth rate exceeded expectations, and the economic operation was positive; Shenzhen Stock Exchange: the notice on strengthening the management of procedural transactions came into effect on October 9; Shanghai optimized the identification standard of individual housing loan units of housing provident fund; the US stock market closed down, and the Nasdaq index fell by 1.62; the reply content was inconsistent, and Kanghui Pharmaceutical received a warning letter for "weight loss drugs.

Overnight outside

All three major U.S. stock indexes fell. By the close, the Dow was down 0.98 per cent, the Nasdaq was down 1.62 per cent and the S & P 500 was down 1.34 per cent. Large technology stocks fell, Tesla fell nearly 5%, Nvidia fell nearly 4%, Netflix, Amazon, Facebook parent Meta fell more than 2%, Intel, Google A fell more than 1%, Apple, Microsoft fell slightly.

All three major European indices fell. By the close, Britain's FTSE 100 was down 1.14 per cent, France's CAC 40 was down 0.91 per cent and Germany's DAX 30 was down 1.03 per cent.

Hotspot Focus

1. U.S. Department of Commerce Releases Final Rules for Export Control to China

A reporter asked: Recently, the US Department of Commerce announced the final rules for semiconductor export control to China. What is China's response to this?

A: The Chinese side has noted that the US side issued the final rules on semiconductor export control to China on October 17. On the basis of the temporary rules issued on October 7 last year, the final rules further tighten the export restrictions on artificial intelligence related chips and semiconductor manufacturing equipment to China, and add a number of Chinese entities to the "entity list" of export control ". The United States continues to generalize the concept of national security, abuse export control measures and carry out unilateral bullying. China is strongly dissatisfied with this and firmly opposes it.

2. Minister of Commerce Wang Wentao Meets Apple CEO Cook

On October 18, Minister of Commerce Wang Wentao met with Apple CEO Cook in Beijing. The two sides exchanged views on Apple's development in China and Sino-US economic and trade relations. Wang Wentao said that China will firmly promote high-level opening up, continue to expand market access, and strive to create a market-oriented, legalized, and international business environment. Multinational companies including Apple are welcome to share the dividends of the Chinese market and achieve win-win results. development. Cook said that Apple cherishes the achievements made in its 30 years of development in China and supports the governments of the United States and China to strengthen communication and dialogue, maintain and develop stable bilateral economic and trade relations, and create a good environment for practical cooperation between enterprises of both sides.

3, 5.2 percent! GDP growth in the first three quarters exceeded expectations, and economic performance was positive

According to data released by the National Bureau of Statistics yesterday, after preliminary calculations, the gross domestic product (GDP) in the first three quarters was 91.3 trillion billion yuan, a year-on-year increase of 5.2 per cent at constant prices. Among them, the third quarter growth of 4.9, this performance is better than most institutions expected. Sheng Laiyun, deputy director of the National Bureau of Statistics, said at a press conference held by the State Information Office that the economic operation will continue to return to a good trend and is very confident in achieving the expected goals for the whole year. Experts believe that the fourth quarter consumption, investment growth is expected to continue to pick up.

4. Shenzhen Stock Exchange: Notice on Strengthening Procedural Transaction Management will come into effect on October 9

according to the website of the Shenzhen Stock Exchange, the notice on strengthening the management of programmed trading and the notice on matters related to the reporting of stock programmed trading will come into force on October 9, 2023. Investors who have already carried out programmatic trading of stocks before the implementation of the notice (referred to as "stock investors") shall report within 60 trading days after the implementation of the notice, in which the member customers report to the member, the member shall report to the Shenzhen Stock Exchange, and the member and other institutions using the trading unit shall report directly to the Shenzhen Stock Exchange.

5. Shanghai Optimizes Housing Provident Fund Individual Housing Loan Housing Units Identification Standard

The Shanghai Municipal Housing Provident Fund Management Committee reviewed and approved the "Notice on Optimizing the Standards for Determining the Number of Individual Housing Loans in the City's Housing Provident Fund". The notice clearly stated that if there is no housing in the city under the name of the paid employee family, the housing provident fund personal housing loan has not been used in the country, or the first housing provident fund personal housing loan has been settled, it is deemed to be the first housing; for the country has not been settled Housing provident fund personal housing loans, or the family of employees who have two or more housing provident fund personal housing loan records in the country, no loans. At the same time, the policy of not granting loans to families of paid workers who purchase the second set of non-improved housing, the third and above housing remains unchanged. This policy shall come into force on October 30, 2023.

6, China institute of communications and information technology: August domestic market mobile phone shipments 18.985 million

According to the report of China ICT Institute, in August 2023, 18.985 million mobile phone shipments were shipped in the domestic market, up 0.03 percent year-on-year, of which 15.645 million were 5G mobile phones, up 9.6 percent year-on-year, accounting for 82.4 percent of mobile phone shipments in the same period. From January to August 2023, the total number of mobile phone shipments in the domestic market totaled 0.167 billion, down 4.5 percent year-on-year, of which 0.133 billion 5G mobile phone shipments, down 3.8 percent year-on-year, accounting for 79.5 percent of mobile phone shipments in the same period.

Theme Opportunity

1. the trend of high domestic green hydrogen release has become an outbreak of demand for electrolyzers and other equipment

According to the latest statistics of Guojin Securities, the domestic green hydrogen project plan continues to grow at a high rate. Up to now, the total number of green hydrogen projects approved in the past two years has reached about 2.7 million tons, and the high volume has become a trend. Since the release of the "Medium and Long-term Plan for the Development of Hydrogen Energy Industry (2021-2035)" at the national level, all localities have actively planned hydrogen production from renewable energy (green hydrogen). According to the corresponding hydrogen energy policy plans issued by local governments, the total planned amount of green hydrogen production capacity has reached 100/100/2.5 million tons by 2025/2030/2035. Green hydrogen will use electrolytic cell electrolysis water to produce hydrogen, green hydrogen planning will drive the demand for the corresponding equipment. According to the policy planning, taking the electrolytic cell matching photovoltaic hydrogen production as an example, the optimistic situation and the neutral situation, in the corresponding 1 million tons of green hydrogen planning total can be installed electrolytic cell 28GW and 19GW, respectively. At present, the tender has reached the GW level, 2023-2025 CAGR will reach 180. It is expected that the market for electrolytic water hydrogen production equipment and green hydrogen will continue to accelerate after 2025 with the gradual decline of future technology iterations and costs. Green hydrogen full penetration of the potential elimination space of up to 100 million tons, will give birth to hydrogen and the corresponding equipment of the trillion market size, the layout of the relevant hydrogen energy core equipment enterprises will be the first to benefit. Can pay attention to Cowell, Cologne shares and so on.

2. carbon prices in the national carbon market have repeatedly reached new highs. related enterprises are facing revaluation

The price of carbon on the national carbon market has risen significantly recently. During the five trading days from October 12 to 18, the national carbon market price closed above 80 yuan per ton, which nearly doubled compared with the initial operation of the carbon market. Compared with the price of more than 50 yuan per ton in the first half of this year, the increase is also very large. Since the official start of the second compliance period of the national carbon market on July 17, 2023, the price of carbon emission quota (CEA) in the national carbon market has continued to rise. For the next trend of carbon prices, the analysis believes that there is still room for carbon prices to rise in the future. From the perspective of trading volume, the national carbon market has also become more active recently, with trading volumes of several million tons in multiple trading days. Compared with the total amount of carbon quota in China, there is still much room for improvement in the current carbon market. Carbon prices enter the ladder rise range in the short term, and with the mature and smooth operation of the compliance mechanism, we are optimistic about the long-term carbon price trend. Can pay attention to Xingyuan environment, Baichuan Changyin, Longyuan power and so on.

3, new models drive demand surge flexibility OLED set off price hike

according to the micro-grid news, Huawei's Mate 60 series has continued to sell well since its launch. Huawei continues to increase flexible LTPO OLED orders. other mobile phone manufacturers are also increasing their purchases, resulting in a sharp increase in demand. Recently, the domestic flexible OLED panel began to rise in price, or less than 10%. According to the current situation, flexible OLED prices may continue to rise next year. Huatai Securities believes that Huawei's return is expected to benefit the improvement of consumer electronics product specifications, as well as accelerate the recovery process of the mobile phone industry chain, and have a positive impact on the recovery of overall demand. Pay attention to the positive impact of relevant new functions on the industrial chain. Can pay attention to Aled, Dinglong shares and so on.

Company News

1, : the reply content is inconsistent due to " diet drugs " receiving warning letter

kanghui pharmaceutical (603139) announced on the evening of October 18 that the company did not respond consistently before and after October 13 and October 16 to the question of whether Shaanxi youbang, a sun company, can produce antidiabetic/slimming drugs, simeglutide and tiportide intermediates, and the information disclosure was inaccurate and incomplete, which did not conform to article 3 of the measures for the administration of information disclosure of listed companies. The CSRC decided to take administrative supervision measures against the company and Wang Yanling and Dong Juan by issuing warning letters.

2, huafeng microfiber : has not signed a cooperation agreement with petal payment and silex has not reached a cooperation

huafeng microfiber (300180) disclosed the company's stock price change announcement on the evening of October 18. the company's wholly-owned subsidiary weifutong technology limited company weifutong unified acquiring system and Huawei cloud public cloud platform (kunpeng) of Huawei cloud computing technology co., ltd. completed and passed the mutual compatibility test certification. as one of the distributors of Huawei cloud computing technology limited company, weifutong technology limited company is based on the integrated verification of Huawei's financial-grade credible high performance ICT base, expand and serve financial clients. Up to now, the company and its wholly-owned subsidiary Weifutong Technology Co., Ltd. have not signed a cooperation agreement with Petal Payment (Shenzhen) Co., Ltd., nor have they received any support from Petal Payment.Pay (Shenzhen) Co., Ltd. to obtain income. The company and Chongqing Changan Automobile Co., Ltd. have reached a fixed-point cooperation for the Avita model project, with a life cycle of 4-6 years. It is estimated that the realized sales amount is about 0.2 billion yuan, and the realized sales amount is about 20 million yuan. The company and Selis Group Co., Ltd. The company has not yet reached cooperation.

3, Shanghai Hugong : the actual controller sued for divorce and filed for property division

Shanghai Hugong (603131) announced on the evening of October 18 that recently, after the company's letter inquiring about the controlling shareholder, actual controller Shu Hongrui, and actual controller Miao Liping, it was learned that Shu Hongrui filed a lawsuit with the Shanghai Xuhui District People's Court for personal reasons., Requesting an order to dissolve the marriage relationship with Miao Liping and divide the property. Shu Hongrui currently holds 21.07 per cent of the company and Miao Liping currently holds 6.81 per cent of the company.

4. Tra solar : signed a memorandum of understanding with ADPorts and Jiangsu Haitou

Trina Solar (688599) announced on the evening of October 18. On October 18, 2023, Trina Solar, ADPorts and Jiangsu Haitou signed the "Memorandum of Understanding on Trina Solar UAE Project Cooperation" at the 3rd "the belt and road initiative" International Cooperation Summit Forum. The signing of the memorandum aims to coordinate the resources of all parties, give full play to the advantages of all parties, and support and promote the investment and construction of the company's vertically integrated large base project in the Middle East. The company intends to invest in the demonstration park and the Khalifa Economic Zone to build a vertically integrated large base project, including silicon, silicon wafers, battery components, including the entire photovoltaic industry chain.

5. CAMC International : Signed the Commercial Contract for the Maputo Rail Transit Project in Mozambique

China Industrial International (002051) announced on the evening of October 18 that on October 17, the consortium formed by the company and FUTRAN LIMITED (hereinafter referred to as "Fuchuan Co., Ltd.") and the Mozambican Maputo Municipal Transportation and Parking Company signed a business contract for the Mozambique Maputo Suspended Rail Transit Project at the 3rd "the belt and road initiative" International Cooperation Summit Forum Entrepreneur Conference. The commercial contract for the suspended rail transit project in Maputo, Mozambique, is US $98.67 million, or about 0.708 billion yuan, which is 7.29 percent of the company's total revenue in 2022.

6, guanglian airlines : jointly won the bid for the C929 wide-body passenger aircraft component assembly production line project

guanglian aviation (300900) announced on the evening of October 18 that the company and Broetje-Automation GmbH jointly formed a consortium to participate in the international bidding project of Zhejiang huarui aviation manufacturing co., ltd. mid-fuselage panel assembly production line. Recently, the consortium received the "Letter of Acceptance" from the bidding unit Zhejiang Huarui Aviation Manufacturing Co., Ltd., and will jointly undertake the development of the C929 wide-body passenger aircraft mid-fuselage panel assembly production line. The total amount of the winning bid is about 0.124 billion yuan, accounting for about 18.71 of the company's operating income in 2022.

7. Tongxingda : the whole process packaging test project of Kunshan chip gold bump starts mass production

Tongxingda (002845) announced on the evening of October 18 that on October 18, the mass production ceremony of the whole process packaging and testing project of the subsidiary Kunshan Tongxingda chip gold bump was held in Kunshan. downstream customers included internationally renowned IC design factories such as yili technology co., ltd. to attend, marking the large-scale mass production and marketization of the company's advanced packaging and testing project and further deepening the cooperation mode with upstream companies.

8. desheng technology: data products have signed contract 2.7 million yuan to clarify the contract intention 11 million yuan

Desheng Technology (002908) announced on the evening of October 18 that in the first half of the year, the company's self-developed four data products "Regional Employment Situation Analysis", "Personal Occupational Background Investigation", "Unemployment Insurance Business Verification", "Pension Insurance Business Verification" was put on the shelves of many data exchanges, and new data products were successively put on the market to respond to the needs of the government, banks, and human resources companies. At present, the company has signed a contract of 2.7 million yuan, with a clear contract intention of 11 million yuan, covering Guangdong, Guangxi, Hainan, Shaanxi and other regions, which indicates that the company's data products have the conditions for mature application and will open up a huge market space in the field of people's livelihood data services.

9, jingke energy : first three quarters net profit up 266.36-290.22 year-on-year

jingke energy (688223) announced on the evening of October 18 that the net profit attributable to the owner of the parent company in the first three quarters of 2023 is expected to be 6.14 billion -6.54 billion yuan, up 266.36-290.22 year on year. during the reporting period, the company realized an increase in photovoltaic module shipments and an increase in the proportion of n-type shipments.

10, lansi technology : net profit of 1.649 billion yuan in the first three quarters increased 117.23 year on year

Lansi Technology (300433) disclosed its third quarter report on the evening of October 18. The company achieved operating income of 33.808 billion billion yuan in the first three quarters, a year-on-year increase of 7.07; net profit attributable to the parent was 1.649 billion billion yuan, a year-on-year increase of 117.23; basic earnings per share 0.33 yuan. Net profit in the third quarter was 1.095 billion billion yuan, up 2.93 year on year.

11, Zhongju High-tech : third-quarter net profit increased 61.35 year-on-year

Zhongju High-tech (600872) released its third quarter report on the evening of October 18, achieving operating income of 1.299 billion billion yuan in the third quarter, down 0.38 percent from the same period last year, and net profit attributable to shareholders of listed companies was 0.17 billion billion yuan, up 61.35 percent from the same period last year. The increase in net profit for the period was mainly due to the combined impact of the decline in the unit price of the main raw materials of Delicious Fresh and the increase in sales revenue.

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