In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
Channel SSD storage prices have risen for two consecutive weeks, and domestic enterprise-level SSDs are expected to welcome an increase in demand opportunities.
At the beginning of March, benefiting from the shortage of Low Stock Price resources and continuous price increases, the rising costs have driven some channels' SSD finished product prices to increase for two consecutive weeks. Guosen stated that AI has opened up the incremental market for SSDs, and domestic production has opened a verification window, providing incremental opportunities for domestic enterprise-level SSDs.
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South Chip Technology plans to change the initial public offering testing center fundraising project, increasing the total investment by 4.67 times.
① Nanxin Technology announced that it intends to change the initial public offering investment project for the construction of the testing center. Specifically, the total investment has increased to 1.443 billion yuan, the construction period has been extended to 9 years, and the construction site has been adjusted to Jiaxing, Zhejiang; ② Nanxin Technology stated that the revised chip testing project will provide foundational support for the company's future key product layout and assist in the development of high-performance chip products.
Star Evening News | Yijixin plans to acquire the controlling interest in Huimao Micro, and Xinxiangwei intends to purchase the controlling interest in Aixiangsheng.
① The "Action Plan for Accelerating the Development of the AI Terminal Industry in Shenzhen (2025-2026)" has been issued; ② The manned flight mission for 2025 has been announced; ③ The China Academy of Information and Communications Technology will hold a special seminar on promoting the AI glasses industry on March 12.
Longxun Co., Ltd. expects revenue and net profit to increase by more than 40% in 2024, with Q4 performance reaching a new high. However, pressure from technological iterations has caused delays in the construction of fundraising projects.
① The Earnings Reports released by Longxun Co., Ltd. for the fiscal year 2024 show that revenue reached 0.466 billion yuan, an increase of 44.21% year-on-year, and the Net income attributable to the parent company grew by 40.62% year-on-year, with Q4 revenue and Net income both hitting record highs; ② Due to the rapid iteration of technology in the industry, customer demand and market competition are also constantly evolving, Longxun Co., Ltd. announced on the same day as the annual report disclosure that the construction of some of its initial public offering fundraising projects will be delayed.