Stopping federal funding, reducing loans and subsidies, Trump "strikes hard" against Shanxi Guoxin Energy Corporation!
After the inauguration ceremony, Trump signed dozens of executive orders, including a suspension of federal grants to manufacturers and infrastructure developers, which could jeopardize over $300 billion in potential federal infrastructure funding. He also announced plans to halt the construction of wind farms on federal lands and waters, as well as to end 'unfair subsidies' for electric vehicles, causing the stock prices of several electric vehicle and wind power companies to decline.
The Oil & Gas Industry is experiencing an improvement in prosperity, BOMESC Offshore Engineering expects to turn losses into profits in 2024 | Interpretations
① In recent years, Global investments in offshore Oil & Gas exploration and development have significantly increased, and BOMESC Offshore Engineering has a sufficient number of Orders on hand, supporting its performance. ② The company previously stated that an oil price of around 70-80 dollars per barrel is more favorable for market expansion.
In the USA, the sales of new energy Autos accounted for one-fifth for the first time, while Tesla's market share has declined.
In 2024, the sales of new energy vehicles in the USA accounted for 20% of total new car and truck sales for the first time, while traditional RBOB Gasoline vehicle sales fell to 79.8%, reaching a modern automotive historical low. Tesla remains the leader in the pure electric vehicle market, but its market share decreased from 55% to 49%. Other major electric vehicle brands include Hyundai, General Motors, Ford, and BMW, which hold market shares of 9.3%, 8.7%, 7.5%, and 4.1% respectively.
The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.
Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.
International oil prices have entered a "surge" mode. Analysts say that oil prices may continue to maintain a mid-to-high level.
① Due to the impact of a new round of sanctions against Russia and cold weather, last Friday's settlement price of Crude Oil futures increased by 3.58%, closing at $76.57 per barrel. The settlement price of Brent crude oil futures rose by 3.69%, closing at $79.76 per barrel. ② According to a Research Report by Cinda Securities, the Global market may continue to face tight supply and demand for crude oil for several years. In the medium to long term, oil prices may remain at a medium to high level.
NanJing Public Utilities Development frequently takes action to transform, will the battery-swapping Technology company Yugu reach the public market through a curve? | Quick reading of the announcement.
① NanJing Public Utilities Development plans to acquire YuGu Technology, whose main Business provides battery swapping services for delivery riders, having halted its IPO process six months ago; ② In recent years, while YuGu Technology's revenue has grown, its gross margin has continued to decline, and NanJing Public Utilities Development has fallen into a loss trap; ③ NanJing Public Utilities Development is frequently acquiring external Assets to accelerate its transformation towards New energy Fund, and recently acquired NanJing Energy Network.