000096 SSE Downstream Industry Index
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Year-end "sprint run": The automotive market is witnessing a resurgence of "price wars", with 70,000-level discounts becoming the norm.
①Zhi Ji Autos' latest announced purchase rights: From now until November 30th, Zhi Ji Autos' entire range of new and old car owners will share a total purchase subsidy value of 1.1 billion. ②A salesperson at a Huawei store told Caixin reporters that Hongmeng Intelligent Travel's November policies have been adjusted compared to October.
50 billion Honghu Fund's new move: buy shares of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, targeting high-quality large cap blue chip stocks.
China Life Insurance and New China Life Insurance jointly initiated the establishment of the 50 billion Honghu Fund, which appeared in the top ten shareholders list of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, with shareholding ratios of 1.88% and 0.72% respectively. In terms of investment, Honghu Fund prefers to invest in high-quality large market cap blue chip stocks, especially stocks with high dividend yields.
Chongqing Brewery: Revenue growth rate in the first three quarters is far below the annual target, with a decline in revenue from high-end products | Interpretations
1. Chongqing Brewery's revenue in the first three quarters increased by 0.26% year-on-year, falling short of the target guidance set at the beginning of the year. The company may not be able to meet this year's revenue expectations. 2. Sales of Chongqing Brewery's high-end products declined in the first three quarters, while sales of mainstream products remained stable, posing challenges to the company's high-end global strategy. 3. Some dealers have reflected that certain high-end products of Chongqing Brewery are difficult to sell, and there are instances of "indirect" bundling behavior.
Lack of consumer willingness, china tourism group duty free corporation's performance continues to decline. Net profit in Q3 decreased by 50% year-on-year. interpretations
1. China Tourism Group Duty Free Corporation's Q3 quarterly net income attributable to parent company decreased by over fifty percent year-on-year, with insufficient consumer consumption willingness as the main reason for the decline; 2. Industry insiders said that various tax-free consumption indicators may continue to decline slowly in the short term.
Audi has entrusted its 'soul' to Huawei.
Sound the Charge!.
Tsingtao Brewery's Q3 revenue decreased by 5.28% year-on-year, with net income declining by 9.03% | Financial Report Insights
Tsingtao Brewery's Q3 revenue and net income both decreased year-on-year. The revenue was 8.891 billion yuan, a decrease of 5.28% year-on-year; while the net income was 1.348 billion yuan, a decrease of 9.03% year-on-year.
Market competition and other factors led to a decline in gross profit. shenzhen transsion holdings co., ltd. experienced a decrease in both revenue and net profit in Q3.
①Looking at the performance of shenzhen transsion holdings co., ltd., the company's performance fluctuates significantly. After maintaining high growth for multiple quarters in 2023, the net income in the second and third quarters of this year showed a year-on-year decline; ② Mainly affected by market competition and comprehensive impact of supply chain costs, the revenue and gross margin of the third quarter of 2024 decreased, leading to a year-on-year decrease in gross profit amount; ③ shenzhen transsion holdings co., ltd. slipped to sixth place in global smart phone shipments in the third quarter.
"Anhui Kouzi Distillery", known as one of the top three famous liquors in Anhui province, performed below expectations in Q3 this year. The controlling shareholder Liu Ansheng reduced his holdings by 6.5 million shares. | Interpretations of financial repo
1. In the first three quarters of this year, Anhui Kouzi Distillery's revenue and net income both declined, failing to reach the company's previously set revenue growth target. 2. In Q3, Anhui Kouzi Distillery's revenue declined by more than 20%, with a nearly 30% decrease in net income attributable to the parent, falling short of brokerage expectations. 3. In Q3 of this year, one of the controlling shareholders of Anhui Kouzi Distillery, Liu Ansheng, also reduced his shareholding, roughly estimating cashing out more than 0.22 billion yuan.
shenzhen transsion holdings co., ltd. Q3 revenue and net income both declined, with net income decreasing by over 40% year-on-year | Financial Report Watch
Due to market competition and the impact of supply chain costs, shenzhen transsion holdings co., ltd. experienced a 7.22% year-on-year decrease in revenue to 16.693 billion yuan in the third quarter; basic earnings per share decreased by 57.92% to 0.93 yuan.
Beijing Kingsoft Office Software, Inc. net profit attributable to the parent company increased by 16.41% year-on-year in the first three quarters, but domestic institutions' subscription services growth has stagnated.
① According to the financial report released by beijing kingsoft office software, inc, beijing kingsoft office software, inc achieved revenue of 3.627 billion yuan in the first three quarters of this year, a year-on-year increase of 10.90%, with a 16.41% year-on-year growth in net income attributable to the parent; ② The subscription business of personal office services in China remains the main driver of growth for beijing kingsoft office software, inc, with a year-on-year growth of 17.24% in the third quarter, while the growth of subscription and service business for domestic institutions is only 0.02%.
Kweichow Moutai's performance in the first three quarters meets expectations. The timing for interim dividends and buybacks has not been determined yet. | Interpretations
①Kweichow Moutai's third-quarter earnings announced tonight basically meet expectations, with revenue growth exceeding the annual guidance; ②The proportion of direct sales in the first three quarters of this year has declined, which is related to the poor performance of the company's direct sales platform "i Moutai". In the first three quarters, i Moutai achieved a tax-free revenue of 14.766 billion yuan for alcoholic beverages, a slight decrease compared to the same period last year; ③Against the backdrop of current consumer softness, it is highly anticipated whether Kweichow Moutai will lower its operation targets next year.
The decline in sales volume dragged down the net income of Great Wall Motor in Q3 by nearly 8%, with a slight revenue increase of 2.61%. | Financial Report News
In the third quarter, Great Wall Motor's overall sales volume decreased, while electric vehicles, models priced above 0.2 million yuan, and overseas market sales volume increased. In September, Great Wall Motor's overseas sales volume reached 44,100 units, setting another historical record.
R&D expenses continue to rise, autobio diagnostics once again embroiled in a whirlpool of disputes | interpretations
①In the first three quarters of this year, the revenue and net income attributable to shareholders of Autobio Diagnostics have both increased to a certain extent; ②The company has further increased its investment in research and development, with multiple products obtaining medical instruments registration certificates.
Finance Association Autos Morning Post [October 25th]
①In September, the top three countries in total export volume of Chinese automobiles are Russia, Belgium, and Mexico; ②Xiaopeng P7+ all series are equipped with AI smart driving, achieving L4 level under "self-driving cars in some scenarios by 2026; ③BMW and Mercedes-Benz jointly launch the "Yi An Qi" ultra-charging brand.
IVD sector growth cannot hide the decline in performance. Q0.03 million Tai Biological net profit plummeted more than 90%. | Interpretations
①Affected by market adjustments, government centralized procurement, etc., beijing wantai biological pharmacy enterprise's biological vaccine sector continues to drag down the company's performance. ② The company's diagnostic sector business has grown, and the chemiluminescence product line maintained rapid double-digit growth compared to the same period last year. ③ With factors such as increased investment in industrialization of the nine-valent HPV vaccine, beijing wantai biological pharmacy enterprise's revenue and net profit attributable to the parent company decreased significantly in the first three quarters.
The hottest summer Artemisia annua is not selling well chongqing taiji industry Q3 performance decreased by 70% | interpretations
In 2024, the national average temperature is the highest for the same period in history since 1961, but the sales volume of Chongqing Taiji Industry Huoxiang Zhengqi Oral Liquid decreased significantly in the third quarter, with a sharp drop in sales of the main product, leading to a year-on-year decline of over 70% in Chongqing Taiji Industry's profit in the third quarter.
The performance decline continues, tonghua dongbao pharmaceutical's Q3 sales expenses exceed 0.3 billion yuan|interpretations
Due to factors such as a significant decrease in revenue and the termination of research and development pipelines, tonghua dongbao pharmaceutical handed in a loss-making third-quarter report. From the perspective of Q3 performance, the company's revenue shows a certain recovery trend, but the escalating sales expenses quarter by quarter have resulted in a situation of "increased revenue without increased profits".
Jiangsu Hengrui Pharmaceuticals' Q3 revenue was 6.59 billion yuan, with a net income of 1.19 billion yuan, a slight year-on-year increase of 1.9%. | Financial Report Watch
In the third quarter, jiangsu hengrui pharmaceuticals' eps was 0.19 RMB, a year-on-year increase of 5.56%. In the first three quarters, jiangsu hengrui pharmaceuticals' profit increased by 32.98% year-on-year, with eps increasing by 32.73% year-on-year. The main reason is that the company recognized the upfront payment received from Merck Healthcare of 0.16 billion euros as revenue, which significantly increased the profit.
G-bits network technology's Q3 revenue and profit both declined, with all quarterly profit used for dividends | Interpretations
①Due to the decline in core game revenue and profit, g-bits network technology's Q3 performance continued the downturn of Q2, with both revenue and profit declining; ②However, the company plans to distribute a cash dividend of 20.00 yuan (including tax) per 10 shares to all shareholders, totaling a cash dividend exceeding the company's Q3 net income attributable to shareholders; ③In addition, two key games under the company concluded the first round of paid testing and are expected to be launched between the end of this year and the first half of next year.
"Pharmaceuticals king" for financing or listing in Hong Kong? Jiangsu Hengrui Pharmaceuticals has no comment on the rumors.
①There were reports last night that jiangsu hengrui pharmaceuticals is considering a secondary listing in Hong Kong next year, with an expected fundraising amount of 2 billion US dollars. In response, jiangsu hengrui pharmaceuticals stated that they have no comments; ② Industry insiders believe that a secondary listing in Hong Kong can not only raise funds but also enhance the company's international influence.