ShangHai Stock Connect
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henan lingrui pharmaceutical plans to acquire Silver Valley Pharmaceuticals for 0.782 billion. Traditional Chinese medicine patch and plaster leading the cross-border pharmaceutical market | Quick reading announcement
①Henan Lingrui Pharmaceutical intends to acquire all the equity of Silver Valley Pharmaceutical for 0.782 billion yuan, entering the market of innovative drugs in chemical medicine. ②According to Mononucleosis Medical Data, Silver Valley Pharmaceutical's sales in 2023 exceeded 0.4 billion yuan, with the top-selling product being Jin'erli, accounting for about 70% of the company's total revenue, and the growth rate of Class 1 new drug Biti Cong quickly. ③If the acquisition of Silver Valley Pharmaceutical proceeds smoothly, the company's previously set stock-based incentive unlocking target may be difficult to achieve or significantly reduced.
Bank of Shanghai Interbank Association: As of the end of October, the Shanghai Silver Tax Platform has cumulatively issued loans of 48.315 billion yuan, with inclusive small and micro loans as the focus of the fourth quarter.
The data from the Bank of Shanghai Interbank Association shows that as of the end of October 2024, there are 61 cooperating banks involved in silver-tax interaction. The total number of registered companies on the silver-tax platform is over 0.2357 million, with a total credit limit of 128.178 billion yuan and cumulative loan disbursements of 48.315 billion yuan.
The transfer price for the shareholders of Feivate has been initially set, with a discount of 14.68% compared to the market price, and 8 institutional investors are participating in the acquisition.
① Investment banking professionals at institutions indicate that the shareholding method of inquiry transfer is an innovation in the design of the star system at that time, which can help mitigate the impact of shareholding reduction; ② Analysts from private equity state that the sector of electronic components in which the company operates has seen a price increase exceeding that of Fevolite's stock prices since the beginning of the year. With the company's stock price being at a relatively low position, discounting the inquiry transfer of shares is relatively objective and reasonable.
Naxinwei: Multiple cockpit field chips are planned for mass production and release next year, with acquisitions targeting the autos electronics and broader energy sectors | Directly covering the earnings conference.
Naxin Micro announced that it will focus on cabin area layout next year, expecting to mass produce and release multiple cabin area chips. Naxin Micro director and board secretary Jiang Chaoshang stated that the company's future investment and mergers will continue to focus on the main businesses of auto electronics and general energy tracks.
Jingsheng Shares: The photovoltaic industry may see a turnaround in the first quarter of next year. 8-inch silicon carbide crystal growth equipment has been delivered to the market | Direct hit on the earnings conference
①Wu Chunsheng stated that the company's 8-inch silicon carbide long crystal growth equipment has been delivered to the market, which will continue to contribute to the company's revenue in the future; ②Li Hui introduced that the company has launched a super low oxygen overall solution to the market, with the oxygen content of silicon rods controllable below 5ppm.
New China Life Insurance acquired a stake in haitong sec's H shares, marking the first time in five years that an insurance institution has taken a stake in a listed brokerage, and it is still buying shares after the acquisition.
① New China Life Insurance announced today that it has made a significant investment in Haitong Sec listed in Hong Kong, with the latest announcement showing a shareholding ratio of 5.4846%. ② According to data from the industry association, this is the first time this year that insurance funds have taken a stake in brokerage stocks. It is also the first time in five years that they have taken a stake in brokerage stocks. ③ The latest announcement from yesterday (December 3) shows that New China Asset is still continuing to buy, having acquired 8 million shares of Haitong Sec on December 2 at a price of 7.0024 HKD per share.
【Data Observation】Multiple high-priced stocks have been significantly bought by institutions, with retail investors and institutions joining forces to buy yonghui superstores.
①Institutions bought multiple high-priced stocks with a market value of over 100 million yuan, among which leo group co.,ltd. was bought by one institution for 0.227 billion. ②yonghui superstores received buy recommendations from three first-tier institutional investors totaling over 0.6 billion yuan, and received a buy recommendation from one algo institutional investor for 0.159 billion.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
The annual conference of the photovoltaic industry will be held. Analysts state that the price bottom of the industry has already been clarified.
① The China Photovoltaic Industry Association will hold the "2024 Photovoltaic Industry Annual Conference" in Yibin City, Sichuan Province from December 4 to 6. ② Xu Baiqiao from Haitong International Securities stated that the industry is currently in a stage of clearing and adjustment. As the end of the year approaches, the concentration of signing orders may increase, leading to potential price fluctuations. However, the overall room for decline is limited, the price bottom is already clear, and the photovoltaic industry is accelerating its return to order.
The leading traditional network security company is planning to cross into the low-altitude economy! Hangzhou dbappsecurity co., ltd. intends to acquire 5.33% equity of the national equities exchange and quotations company Fanship Technology, with the tar
①hangzhou dbappsecurity co., ltd. intends to use its own funds of 40 million RMB as consideration to acquire 5.33% equity of Fan Shuang Technology, and will enter the low-altitude economy track through investment in the drone business. ② The target company Fan Shuang Technology is currently a National Equities Exchange and Quotations listed company focusing on technology security field, and its products are widely used in multiple industries such as public security, military, energy, with a current valuation of 0.75 billion RMB.
China Telecom and Huawei join hands to unveil the Low-altitude Intelligent Network Laboratory, with multiple listed companies participating in the global strategy cooperation signing.
① china telecom and huawei established the "low-altitude intelligent networked laboratory," which will promote research and application of low-altitude communication technology. They also signed concentrated agreements for low-altitude economic global strategy cooperation projects with 25 companies including zte and zongheng shares. ② The user base of the tianyi shilian platform has exceeded 0.11 billion, with more than 8 million devices connected, and AI daily calls exceeding 1.8 billion.
China Life Insurance has been approved to issue up to 35 billion in supplementary capital bonds. The bond issuance scale in the insurance industry this year is nearly 100 billion, yet some insurance companies are still restricted in financing due to low r
China Life Insurance fully redeemed the 2019 issued 35 billion yuan capital bonds on March 22; insurance companies may use low-interest new capital bonds to replace high-interest capital bonds; the raised funds will be used to supplement the company's tier 1 capital and support the continued healthy development of its business.
shenzhen transsion holdings co., ltd.: Currently in negotiations with patent holders on patent rights. Emerging markets are still in the trend of transitioning from feature phones to asia vets. | Earnings conference direct hit
① Zhu Zhaojiang stated that overall, the penetration rate of smart devices in emerging markets is lower compared to North America, Western Europe, and developed economies in the Asia-Pacific region and the china market. Replacing feature phones with smart devices remains an important factor driving smart device market growth in emerging markets; ② He mentioned that Transsion is currently negotiating with patent holders to promote the establishment of reasonable licensing fees within the framework of fairness, reasonableness, and non-discrimination principles.
Zhuhai Guanyu: solid state batteries are still in the laboratory sample stage and are currently interfacing with customers in the manned spacecraft field. | Directly hitting the earnings conference
①Currently, the company's solid state battery samples have good safety performance and cycle life. The company has participated in the Guangdong Provincial Department of Science and Technology's provincial key areas R&D program: the R&D and industrial application of quasi-solid state dynamic lithium battery. ②In the manned aircraft field, the company is also actively exploring and laying out, and is currently actively communicating with customers.
shanghai microport endovascular medtech(group)co.,ltd. may need to pay 70 million in back taxes after being disqualified as a high-tech enterprise.
shanghai microport endovascular medtech(group)co.,ltd. needs to pay up to 70 million yuan in back taxes due to the cancellation of its high-tech enterprise qualification certification, which is expected to account for more than 10% of the net income in the most recent fiscal year. shanghai microport endovascular medtech(group)co.,ltd. stated that it is currently communicating with relevant units regarding this matter; In addition, shanghai microport endovascular medtech(group)co.,ltd. previously revealed that without considering the impact of non-operating risk factors, the projected growth of the attributable net income in 2024 is around 0-10%.
bank of changsha has not given up on applying for the establishment of a wealth management subsidiary, and the management stated that they are currently studying the formulation of a valuation enhancement plan.
① Chairman Zhao Xiaozhong stated that regarding the application for the wealth management subsidiary, the bank is maintaining close communication with regulatory authorities to understand the latest regulatory policies and to promote the related work for the application of the wealth management subsidiary. ② Currently, the bank is researching and formulating related systems for market cap management and plans for valuation enhancement.
The State-owned Assets Supervision and Administration Commission and the National Development and Reform Commission jointly issued significant venture capital policies, and the equity market is expected to enter a period of development and prosperity.
① The State-owned Assets Supervision and Administration Commission (SASAC) and the National Development and Reform Commission jointly issued policy measures to promote the high-quality development of venture capital funds by central enterprises, supporting these enterprises to initiate and establish venture capital funds, focusing on early-stage, small-scale, long-term investments, and hard technology. ② Citic sec research reports indicate that in the context of the secondary market entering a valuation expansion cycle, with the increasing linkage effect between the primary and secondary markets, the equity market will also move towards a prosperous period of high-quality development.
Hymson Laser Technology Group: Solid state batteries are in the early stages of development but have considerable gross margin. Orders for 3C business are steadily increasing | Focus on earnings conference
①Regarding existing orders, as of the end of September, the company has approximately 7.5 billion in existing orders, with lithium batteries accounting for 80%, and the rest for 3C and photovoltaics; It is expected that there will be a significant increase in new signed orders this year, especially in the photovoltaic field; ②The mass production orders of solid state batteries are currently in the final stage of technical solution confirmation; ③Currently, solid state batteries are in the early stage of technical development, and the company's gross margin for related business is about 10 percentage points higher than traditional technologies.
Unreasonable suppression! The Biden administration announced the latest semiconductor export restrictions to China. How will this affect various aspects?
1. The usa Biden administration has issued new controls on semiconductor exports to china, with over one hundred chinese entities being included in the 'entity list'; 2. The U.S. Department of Commerce has also introduced 'long-arm jurisdiction,' restricting third-party countries from providing products containing U.S. technology or chips to Chinese companies listed on the entity list, but the Netherlands, japan, and over 30 other countries are exempted; 3. The Chinese Ministry of Commerce and Ministry of Foreign Affairs respond: China will take necessary measures to resolutely defend its legitimate rights and interests.
Anji Microelectronics Technology: Will not engage in single low stock price competition, will continue to strengthen the introduction of domestic products | Directly hit earnings conference
① Wang Shumin, chairman of Anji Technology, said that the company's 2024 performance expectations will continue the growth trend of the first three quarters; ② Yang Xun, secretary of the board of directors of Anji Technology, said that the company's capacity utilization rate is currently at a healthy level.