Zhejiang Weixing Industrial Development accelerates its overseas expansion, with international revenue expected to grow by over 30% year-on-year in 2024 | Interpretations
① In 2024, Zhejiang Weixing Industrial Development's net income is 0.7 billion yuan, a year-on-year increase of 25.48%; ② The proportion of international Business has increased to 33.81%, with revenue growing by 30.62% year-on-year; ③ The company stated that in 2024, it will promote the Global Strategy, with a significant increase in overseas Orders.
TikTok has resumed services for users in the USA, and the related industry chain is expected to continue rapid growth.
① TikTok announced on the Social Media platform X that it is resuming services for users in the USA and will collaborate with the incoming President Trump to develop a long-term solution to keep TikTok "in the USA." ② GTJA Research Reports pointed out that TikTok's commercialization started in 2020 and is still in a phase of rapid growth.
The Ministry of Commerce has once again provided substantial policy support, and the cross-border e-commerce industry is expected to stand at the forefront.
On November 21st, the Ministry of Commerce issued a notice on promoting the stable growth of foreign trade. The notice points out the promotion of cross-border e-commerce development. Continuously promote the construction of overseas intelligent logistics platforms. Dongxing Securities' research report pointed out that in the global inflation background, consumers' consumption behavior will be more rational, providing good development opportunities for the shift to online consumption and the high-quality domestic products with good value for money, overall bullish on the growth of the cross-border e-commerce industry.
Huawei Cloud releases HuaZhi 5.0, the domestic AI large-scale model, with rapid progress in the AI large-scale model industry.
① The Huazhi University Model Industry Application Seminar with the theme of “Symbiosis of Digital Intelligence and Win-win Industry” was held in Shanghai. The conference was co-hosted by Tongfang Knowledge Network and HUAWEI CLOUD. At the conference, Huazhi Grand Model 5.0 was released. ② The Hualong Securities Research Report said that technically, the domestic AI big model industry is developing rapidly, and leading manufacturers have basically completed comprehensive benchmarking of the GPT series models.
The latest holding positions of the retirement fund have been exposed: In the second quarter, there were 61 new stocks in the top ten shareholders list, with Zhejiang Weixing Industrial Development and other stocks held by 2 shareholders.
① With the completion of the semi-annual report disclosure of listed companies, the top ten circulating shareholders of 188 stocks in the retirement fund appeared frequently; ② Among them, among the top ten circulating shareholders of 61 new stocks, Zhejiang Weixing Industrial Development, National Investment Intelligence and other 5 stocks each obtained 2 new shareholdings from the retirement fund; ③ Attached is the number of new shareholding institutions and A-share list in the second quarter of the retirement fund (see attached table).
Specialization and innovation: focusing on the innovation potential of small and medium-sized textile and garment enterprises
The textile manufacturing industry covers sub-industries such as fiber processing, spinning, weaving, clothing, footwear, printing and dyeing, accessories, textile machinery, etc. As competition intensifies, textile manufacturing needs to introduce more innovative elements to increase the added value of products, and there is room for efficient improvement in various production processes. It is a specialized and innovative subject in the textile and garment industry. In a context where pain points and opportunities coexist in the textile manufacturing industry, small and medium-sized enterprises have shown better innovation efficiency, as well as stronger incremental innovation and breakthrough innovation capabilities. We believe that small and medium-sized textile manufacturing enterprises have great potential for growth and investment value, and that policies can also focus on markets, capital, and technology to help small and medium-sized enterprises innovate. We recommend focusing on innovative leaders in