Highlights

1. Li Yunze: China has a very solid foundation to resist risks

On the afternoon of the 11th, the third "Ministerial Channel" interview event of the Second Session of the 14th National People's Congress was held. Li Yunze, director of the State Administration of Financial Supervision and Administration, said that we have sufficient resources and conditions to deal with risks, especially the basic trend of China's long-term economic improvement has not changed, which is our greatest confidence, strongest support and strongest guarantee for preventing and defusing risks. The total capital and provisions of China's banking and insurance industry exceed 50 trillion. We also have financial stability protection funds and various industry protection funds. It can be said that we have a very solid foundation to resist risks. Comment: For the topic of risk resistance, the General Administration of the Financial Management Bureau is loud and clear.

2, what's the coincidence of king ning's big rise? Damo seats will be added first, and the report will be released later

Morgan Stanley's bullish report became a key catalyst for the 11-day Ningde era surge. Coincidentally, its related northbound capital seat just added more than 400000 shares last Friday. In the past 20 days or so, the capital behind Morgan Stanley's related northbound capital seat has risen from 1.79 million shares to 4.12 million shares in Ningde Times. Comment: There is nothing new in the capital market, except routine or routine. Big Mo or Goldman Sachs are good at cutting leeks.

3, the State Administration of Financial Supervision: is studying to reduce the down payment ratio of passenger car loans

Li Yunze, director of the State Administration of Financial Supervision and Administration, said in response to a reporter's question in the third "Ministerial Channel" interview at the second session of the 14th National people's Congress that he is studying to reduce the down payment ratio of passenger car loans. at the same time, further optimize the pricing mechanism of new energy car insurance. Comment: I gave you some good news in advance. In terms of the stimulus policy for the car market, there may be more than expected policies in the future.

4. Vanke responds to the next debt repayment arrangement. The remaining two overseas debts will be paid in three ways

in the face of various debt rollover news from the capital market recently, Vanke a relevant person said that up to now, the company has paid nearly half of its overseas open market debt this year, and the remaining two overseas debts will mature in may and June, and will be paid in three ways, including overseas self-owned funds, domestic project dividends or equity transfer funds obtained by overseas subsidiaries, and offshore syndicated loans. On the domestic side, 2 billion yuan of the due debt of 9.3 billion yuan this year has been paid. "The domestic financing channels are very smooth, so don't worry too much about this". Comment: At present, the focus of the real estate circle is on Vanke. Invisibly, Vanke has become a weather vane to measure the scale of this round of policies.

5. northbound funds bought 10.261 billion yuan on Monday. ningde era bought 1.62 billion yuan

Northbound funds made a sharp net purchase of $10.261 billion on Monday. Ningde Times, Guizhou Maotai and BYD bought 1.62 billion yuan, 0.809 billion yuan and 0.793 billion yuan respectively. China Merchants Bank's net sales topped the list, with an amount of 0.272 billion yuan.

6, "the end of AI is photovoltaic and energy storage" is not Huang Renxun and Altman's original words

According to media reports, recently, Nvidia Huang Renxun made it clear in a public speech: "The end of AI is photovoltaic and energy storage! We can't just think about computing power, if we only consider computers, we need to burn the energy of 14 earths." OpenAI founder Altman also made a similar point. In fact, after investigation, neither Huang Renxun nor Altman said this sentence. However, it is an indisputable fact that AI requires a lot of energy. According to the media quoted the New Yorker magazine, the daily electricity consumption of ChatGPT is more than 17000 times that of households. According to the "Green Calculation Power White Paper (2023)", China's data center power consumption will reach 590 billion kWh by 2030. Therefore, in the view of some other industry insiders, it is precisely because of the continuous promotion of new energy demand of mankind that the new energy market represented by scenery and energy storage is indeed facing an extremely broad space in the future.

7. Bitcoin hit $72750.16 at one point and hit a new intraday high

bitcoin hit another intraday high of $72750.16 on Monday, closing up 3% at $72022.16. Ethernet broke through $4000 to reach $40.34 for the first time since December 2021. Cryptocurrency financing interest rates and positions hit record highs.

Overnight outside

U.S. stocks: "U.S. stocks rush higher and fall back and shake up, waiting for CPI to point out the direction?" investors are waiting for the last batch of inflation data to be released before the Federal Reserve's monetary policy meeting this month. Chip stocks are reading as the culprit dragging down the market. U.S. stocks closed mixed throughout the day, with the Dow up nearly 50 points, the S & P down 0.1, and the Nasdaq down more than 60 points. The trend of technology stocks is divided. Chip stocks fell generally, Meta fell more than 4%, Amazon fell more than 1%, TSMC fell nearly 5%,AMD fell 4.3, nvidia fell 2%; Chinese stocks rose, Jinshan Cloud soared 28%, Universal Data rose more than 22%, Tiger Teeth, Bilibili rose more than 13%, Xiaopeng Auto, Jingdong rose more than 5%.

futures market: the us dollar index rebounded slightly, bidding farewell to the mid-January low set last Friday. Most non-US currencies fell back but the yen continued to strengthen, once equalling the more than a month high set last Friday. Offshore RMB rose more than 200 points to break through 7.18, reaching a new high of more than a month. Bitcoin rose more than $5000 to above $72000 in intraday trading, after breaking the $70000 mark for the first time on Friday, it hit a new high; gold, silver and other metals were boosted by interest rate cut expectations slightly higher; New York crude oil fell 0.1 percent, Brent crude oil rose 0.2 percent; two-year U.S. bond yields rose more than 10 basis points from the one-month low set last Friday.

Market Strategy

after the market opened low on Monday, the market once oscillated around the previous closing point. in the afternoon, the market gradually rose, closing at the highest point, and showed a trend of price increase. the 5-day moving average was recovered. the 10-day moving average was supported near the 10-day moving average. the short-and medium-term moving average continued to be arranged in multiple positions. the volume-price relationship of price increase was strengthened again, however, the SKD index of the daily line deviated continuously, and the short-term intraday oscillation remained.

Theme Nuggets

Liquid hydrogen storage and supply: According to reports, the Beijing Aerospace Experimental Technology Research Institute officially announced that my country has made breakthrough progress in heavy vehicle liquid hydrogen storage and supply technology. This project is supported by a special project in the National Key R & D Program "Renewable Energy and Hydrogen Energy Technology" of the Ministry of Science and Technology, and takes the key technology of liquid hydrogen storage and supply at the user end of heavy fuel cell vehicles as the starting point.

Target: Furite (300228), Compton (603798)

AI Security: According to media reports, the European Parliament is scheduled to vote on the "Artificial Intelligence Bill" on March 13. If passed, the bill would be the world's first comprehensive regulation in the field of artificial intelligence. On February 2 this year, representatives of the 27 EU countries voted by an overwhelming consensus to support the text of the "Artificial Intelligence Act", marking a solid step taken by the EU in the field of legislative regulation of artificial intelligence.

Target: Chianxin (688561), Sanfuxin (688489)

Selected Announcements

[Major matters]

wulianban ancai high tech: no planning for the company and "superfusion backdoor listing" "merger and reorganization" related matters

high-tech development performance express: net profit attributable to mother in 2023 increased by 85.28 year on year

Wulianban Lihang Technology: No revenue from low-altitude economic business at present

WuXi AppTec: Repurchase Shares with Funds of 49.99 million Yuan

foci pharmaceutical: the ex-factory price of main proprietary Chinese medicine products will be increased by an average of 9%

[Performance Express]

Jiangsu Guoxin: 2023 net profit of 1.871 billion yuan increased 3014.74 year on year

new capital: 2023 net profit of 0.755 billion yuan increased by 1586.23 year on year

reeke laser: 2023 net profit of 0.224 billion yuan increased by 446.87 year on year

Linglong Tire: net profit attributable to mother in 2023 increased by 374.66 YoY

Shanghai Xinyang: 2023 net profit of 0.167 billion yuan up 213.41% YoY

Strait shares: 2023 net profit of 0.434 billion yuan increased by 185.26 year on year

Tianfu Communications: 2023 net profit of 0.73 billion yuan increased 81.14 year on year

Saiwei era: 2023 net profit of 0.339 billion yuan increased by 83.23 year on year

TPV: 2023 net profit of 0.278 billion yuan up 220.19% YoY

MIO Exhibition: 2023 net profit of 0.191 billion yuan increased by 278.51 year on year

Caida Securities: 2023 net profit up 100.27% YoY

youxunda: 2023 net profit of 0.191 billion yuan increased 93.7 year on year

Taiping Bird: 2023 net profit attributable to parent increased by 127.1 YoY

Shanghai movies: 2023 net profit 0.12 billion yuan, loss 0.33 billion yuan in the same period last year

zoli pharmaceutical: net profit is expected to increase by 40.58-50.84% year on year in the first quarter

Longhua new materials: 2023 net profit of 0.248 billion yuan increased 95.32 year on year

Feike Electric Appliance: Net Profit Increases 23.9 Year-on-Year in 2023 to Send 10 23 yuan

Huang Shanghuang: 2023 net profit of 70.5855 million yuan increased by 129.05 year on year

anfu technology: net profit in 2023 increased by 41.93 year on year. it is proposed to transfer 4.5 yuan from 10 to 4.5

zhongji health: 2023 net profit of 0.108 billion yuan increased by 314.94 year on year

China Communications Design: 2023 net profit of 1.766 billion yuan increased 4.18 year on year

[Increase in holdings and decrease in holdings]

dafeng industrial: shares to be repurchased by 0.1 billion yuan -0.2 billion yuan

hisense video: plans to buy back shares at 0.38 billion yuan -0.75 billion yuan

liad: proposed 30 million yuan -60 million yuan share buyback

Kimbaize:Shares to be repurchased at $30 million-$60 million

tianshan electronics: shareholders and their concerted parties intend to reduce their shares of the company by no more than 3%

Shouhua gas: shareholders intend to reduce their holdings by no more than 3%

[Other matters]

Mingpai Jewelry: Subsidiary Signed Major Contract for Daily Operation of 5.8 billion yuan

Xingqi Eye Medicine: Obtain registration certificate of atropine sulfate eye drops

Huadong Pharmaceutical: subsidiary HDM1005 injection approved drug clinical trials

Kangtai Bio: Subsidiary adsorption tetanus vaccine to open phase III clinical trials

Boji Pharmaceutical: Subsidiary Tadalafil Tablets Obtain Drug Registration Certificate

Shenzhou Cells: SCTB35, a subsidiary product, was approved for drug clinical trials

Tianyu: Subsidiary passes on-site inspection by European Drug Quality Administration

Ningbo Construction Engineering: Holding Subsidiary Jointly Wins 0.474 billion Yuan Project

Feilong shares: received a notice of designated development from a domestic thermal management company

Jiangsu Beiren: received 96.8984 million yuan purchase order confirmation

survey and design shares: a total of 0.267 billion yuan survey and design projects

Hua Ring Energy: Won the bid for the project of about 0.174 billion yuan

Race wheel tires: $0.251 billion to build tires in Indonesia

Shandong gold: to acquire 70% equity of Changtai mining industry for 0.47 billion yuan

saiyi information: the holding subsidiary plans to purchase land use rights and build east China research and development headquarters for 0.411 billion yuan

Jingyan Technology: the operating income of the thermal sector accounts for a low proportion of the company's overall operating income

Wynn shares: to increase the capital of Thailand's wholly-owned company to build its own factory

Shenma shares: proposed capital increase nylon technology

Trading tips

[Stop and Resuming]

CIMC vehicles will resume trading on March 12 (Tuesday)

guodun quantum will resume trading on March 12 (Tuesday)

[sales restriction]