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Closing Reviews

A shares:

Today's three major indexes fluctuated and fell. At the close, the Shanghai Composite Index fell 2.53%, the Shenzhen Component Index fell 2.53%, and the ChiNext Index fell 3.22%. On the disk, all sectors fell, and diversified finance, brokers, oil and other sectors fell first; The trend of the national defense and military industry sector is slightly stronger, and Huali Chuangtong, Thunderbolt Micro Power and other daily limits. About 4,300 stocks in the two cities fell, with a total turnover of more than 1.6 trillion yuan.

Hong Kong stocks:

The

Hang Seng Index closed down 3.67% and the Hang Seng Tech Index fell 4.65%. Auto stocks and technology stocks were among the top decliners. Nio fell about 8%, Bilibili fell about 8%, Meituan fell about 7%, and Xpeng Motors fell about 7%. Real estate stocks fell, with CIFI Holdings Group down about 13%.

Asia Pacific stock markets:

The Nikkei 225 rose 0.77%, and the Korea KOSPI rose 0.38%.

Hot spotlight

1. The Ministry of Foreign Affairs on the situation on the Korean Peninsula: The top priority at the moment is to avoid further intensification of contradictions

On October 15, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked a question about the current situation on the Korean Peninsula. Mao Ning said that as a close neighbor of the Korean Peninsula, China is concerned about the development of the situation on the Peninsula and the trend of DPRK-ROK relations, and that the tense situation on the Peninsula is not in the common interests of all parties, and the top priority is to avoid further intensification of contradictions. China's commitment to maintaining peace and stability on the Korean Peninsula and promoting a political settlement of the Korean Peninsula issue has not changed, and we hope that all parties will make joint efforts to this end.

2. John Lee: The third "Policy Address" after taking office will be delivered tomorrow

Hong Kong Chief Executive John Lee said in a post on Weibo that he will deliver his third "Policy Address" after taking office tomorrow (October 16), with the theme of "Reform and Development to Benefit People's Livelihood and Build the Future". The cover of the Report continues to use green to symbolise harmony, vitality, prosperity, new impetus and new ideas, as well as the continuity and continuity of the Government's governance, highlighting that Hong Kong is moving towards a moment of "prosperity and prosperity". Mr Lee said, "Speaking to the media before attending the Executive Council this morning, I expressed my gratitude to the Central Government for the signing of the second amendment to the Agreement on Trade in Services (CEPA) between the Ministry of Commerce and the Hong Kong SAR Government last Wednesday. The signing of the new amendment agreement has brought significant benefits to Hong Kong, including bringing more new opportunities to a number of industries in which Hong Kong has advantages; It will be more convenient for Hong Kong enterprises to invest and develop in the Mainland in the future; and attracting enterprises and talents from all over the world to settle in Hong Kong and enter the Mainland market through Hong Kong. It has been a pleasure to hear in the past few days that all sectors of the community have welcomed the signing of the new agreement. The Government will do a good job in implementing, explaining and promoting the new amendment agreement to come into effect on 1 March next year, so as to assist the industry in making good use of the preferential measures under the amendment. ”

3. The National Medium and Long-term Development Plan for Space Science (2024-2050) was released

The Chinese Academy of Sciences, the China National Space Administration, and the China Manned Space Engineering Office jointly issued the National Space Science Medium and Long-Term Development Plan (2024-2050). It mentions that the echelon layout and demonstration of the implementation of national space science tasks, the overall planning and strengthening of task-driven basic research, the creation of a high-level talent team in space science, and the continuous achievement of landmark original achievements with significant international influence, to achieve high-quality development of space science, to drive breakthroughs in space technology innovation, to promote the upgrading of space applications, to rank among the top in the world, and to become a space science power. By 2027, China will operate the Chinese space station, implement manned lunar exploration, the fourth phase of the lunar exploration project and the planetary exploration project, and form a number of original achievements with important international influence. 2-3 large-scale missions were selected from the mission directions of multi-band cooperative observation such as space X-ray, X-ray thermal baryon detection, space gravitational wave detection pathfinder, and solar polar orbit detection. 3~5 small and opportunistic missions were selected from the mission directions of dark matter particle detection, space terahertz high-speed imaging survey, space ultra-long wave observation, space infrared observation, hidden natural object detection, transparent ocean constellation, all-weather three-dimensional wind observation, earth radiation energy budget detection, geosphere cross-scale constellation, solar and terrestrial L5 point solar exploration, space-based solar radio array observation, fine observation of human activity traces, spatiotemporal pattern of global vegetation biomass, Jupiter system observation, exoplanet exploration, etc.

4. The domestic photoresist has passed the mass production verification

According to the official account of "China Optics Valley", recently, Optics Valley enterprises have achieved a major breakthrough in the field of semiconductor special photoresists: the T150 A photoresist product launched by Wuhan Taizi Micro Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Taizi Micro Company") has passed the mass production verification of the semiconductor process and realized the independent design of the formula, which is expected to create a new situation in domestic semiconductor lithography manufacturing. This product is benchmarked against the mainstream KrF photoresist series of international leading enterprises. Compared with the same series of foreign products UV1610, which is called "demon glue" in the industry, T150 A shows the ultimate resolution of 120nm in the lithography process, and the process tolerance is larger, the stability is higher, the film retention rate is excellent, and it is more friendly to the post-etching process. Taizi Micro was established in May 2024 by the team of Wuhan National Research Center for Optoelectronics of Huazhong University of Science and Technology.

5. Chengdu has completely canceled the housing sales restriction and can trade with the certificate, and the maximum amount of provident fund loans has been raised to 1.2 million yuan

On the afternoon of October 15, the official WeChat public account of the Chengdu Municipal Bureau of Housing and Urban-Rural Development released a message that in order to further adapt to the changes in the supply and demand relationship of the real estate market, the Chengdu Municipal Housing and Urban-Rural Development and Planning Departments issued a notice on promoting the stable and healthy development of the real estate market, which will be officially implemented from October 15, 2024.

6. Guangdong: further activate the real estate market from both ends of supply and demand to promote the stabilization of the decline

On the afternoon of October 14, the meeting of the Financial and Economic Committee of the Guangdong Provincial Party Committee and the analysis of the economic situation in the third quarter of the province were held to analyze the economic situation in Guangdong Province in the first three quarters, study and deploy the next stage of economic work and promote the development of new quality productive forces. The meeting pointed out that it is necessary to solidly promote the steady and healthy development of the real estate market, implement a series of central policies, and further activate the real estate market from both ends of supply and demand in accordance with the requirements of strict control of increment, optimization of stock and improvement of quality, and promote the stabilization of decline; At the same time, we will focus on building a new model of real estate development in the long term and promote the high-quality development of real estate.

Company news

1. Strait shares: SASAC's "Double Hundred Action" reform counseling and consulting project is open for bidding to further deepen the reform of state-owned enterprises

The reporter of E company learned that in order to implement the national requirements for deepening and upgrading the reform of state-owned enterprises, the General Office of the Central Committee and the General Office of the State Council "Action Plan for Deepening and Upgrading the Reform of State-owned Enterprises (2023-2025)" is the general program, and the "Implementation Plan for the Deepening and Upgrading of the Reform of China's Ocean Shipping" is used as the guide to further promote the reform of the company's "Double Hundred Action", deepen the reform work, promote the high-quality development of enterprises, and strive to achieve the "Double Hundred Action" of the State-owned Assets Supervision and Administration Commission of the State Council in 2024 Progress in the assessment. Strait shares (002320) intends to hire a third-party professional organization to provide "double hundred action" reform counseling and consulting services, guide and promote related work, and now implement bidding and procurement for the services required by the project.

2. Tiantong Co., Ltd.: The subsidiary's 8-inch iron-doped lithium tantalate crystal was successfully produced to fill the application gap in the field of large-size piezoelectric materials

Recently, the 8-inch iron-doped lithium tantalate crystal independently developed by Tiantong Kaiju, a wholly-owned subsidiary of Tiantong Co., Ltd., has been successfully produced, which is another new breakthrough after the company's stable mass production of 6-inch lithium tantalate crystal, which effectively fills the gap in the application of large-size piezoelectric materials, and lays the core material foundation for the development of larger-scale domestic optoelectronic integrated chips and mobile terminal RF filter chips. As an important functional crystal material, lithium tantalate has a wide range of application prospects in many high-tech fields such as surface acoustic wave devices, high-frequency communication, storage and sensing, and the successful preparation of 8-inch large-size lithium tantalate crystals also indicates that the domestic industry has taken a solid step in the independent research and development and application of high-tech materials.

3. Jingchen shares: net profit in the first three quarters increased by about 89.32% year-on-year

Jingchen Co., Ltd. (688099) announced on the evening of October 15 that it is expected to achieve a net profit of about 594 million yuan in the first three quarters of 2024, a year-on-year increase of about 89.32%. During the reporting period, the market in the field in which the company is located gradually recovered, and the sales revenue and net profit of the company maintained a high growth rate. After the second quarter of 2024 revenue hit a record single-quarter record, the third quarter of 2024 revenue also hit a record high for the same period in history.

4. China Duty Free: net profit in the first three quarters was 3.92 billion yuan, down 24.7% year-on-year

China Duty Free (601888) disclosed its performance express report on the evening of October 15, achieving operating income of 43.021 billion yuan in the first three quarters of 2024, a year-on-year decrease of 15.38%; net profit was 3.92 billion yuan, down 24.7% year-on-year. In the first three quarters of 2024, the gross profit margin of the company's main business was 32.57%, an increase of 1.09 percentage points year-on-year. During the reporting period, benefiting from the continuous expansion of visa-free countries, the continuous optimization of the transit visa-free policy and the continuous increase in the number of international passenger flights, the sales of the company's inbound and outbound duty-free stores achieved significant growth. Among them, the revenue of duty-free stores at Beijing Airport (including Capital International Airport and Daxing International Airport) increased by more than 140% year-on-year, and the revenue from duty-free stores at Shanghai Airport (including Pudong International Airport and Hongqiao International Airport) increased by nearly 60% year-on-year.

5. Shandong Weida: net profit in the first three quarters increased by 63.57%-102.06% year-on-year

Shandong Weida (002026) announced on the evening of October 15 that it is expected to achieve a net profit of 170 million yuan to 210 million yuan in the first three quarters, a year-on-year increase of 63.57% to 102.06%. The company continues to deepen its main business, keep an eye on market demand, actively develop new projects and new products, and since 2024, the number of new projects that have been mass-produced has increased, and the market order volume is sufficient.

6. Lotus Holdings: net profit in the first three quarters increased by 69.15%-79.72% year-on-year

Lotus Holdings (600186) announced on the evening of October 15 that the company expects to achieve a net profit of 160 million yuan to 170 million yuan in the first three quarters of 2024, an increase of 69.15%-79.72% year-on-year. In the first three quarters of 2024, the company made breakthroughs in the expansion of chain channels such as supermarkets, the new retail business grew rapidly, and the sales volume and sales revenue of condiments achieved a significant increase. The company promoted the reform of the system and mechanism, further stimulated the vitality and motivation of the organization, promoted the cost reduction and efficiency increase of the supply chain, and increased the net profit margin of sales year-on-year.