Last Friday, A-shares rebounded again, and the stock indexes of the two cities rose across the board. The Shanghai Index broke through 3,200 points, the Shenzhen Component Index rose by more than 1%, and the ChiNext Index once rose by more than 2%. As of the close, the Shanghai Index rose 0.62% to 3200.06 points, the Shenzhen Component Index rose 1.02% to 11026.59 points, and the ChiNext Index rose 1.6% to 2215 points; the total turnover of the two cities was 918.6 billion yuan, and the net purchase of northbound funds was about 3.7 billion yuan, 6 The cumulative monthly net purchases exceeded 14 billion yuan. In terms of industries, the textile and clothing, real estate, chemical, non-ferrous metals, and brokerage sectors were the largest gainers, and the agriculture, semiconductor, pharmaceutical, food and beverage, banking, and automobile sectors all rose; composite copper foil, CPO concept, sugar substitute concept, photoresist, The concept of lithium battery is active.
Hong Kong Ganglian Securities Co., Ltd. ( glzq22.com ) was established in January 2021 with registration number G30108363; the company’s predecessor was Ganglian Xinke Financial Services Co., Ltd., a subsidiary of the Hong Kong Stock Exchange, which will be transformed in 2021 according to market development needs For 36 Securities Financial Services Co., Ltd., it is committed to the breakthrough of core technology in the stock field and the integration of stock trading technology and industry. Through this platform , customers' stock trading funds can be enlarged by 1-10 times, and the maximum can obtain 5 million yuan trading funds . Upstream and downstream of the financial industry, the development includes A-shares, US stocks, Hong Kong stocks, futures asset trading, asset security, self-owned capital investment, incubation, digital asset research and other business sectors. It has successively invested in 100+ upstream and downstream companies and has formed a comprehensive global stock market. The economic and industrial ecosystem, the stock trading scale of Hong Kong Union Securities has become a global leader, providing safe and reliable A-share investment services for millions of users in more than 30+ countries. Focusing on Internet financial information services for securities and futures, with the concept of "experience first, user first", we adhere to the bottom line of compliance, scientifically manage risks, effectively manage risks, and achieve long-term and sustainable development of the company.
CITIC Securities said that in the first half of the year, A-shares showed the characteristics of extreme theme transactions and institutional games. The market fluctuated greatly. The current economy, policy and market sentiment are expected to be at the bottom. The three major games of investment, policy, and position adjustment will gradually converge, focusing on the performance-driven mid-term report market. It is recommended to deploy around the two dimensions of "interim report performance" and "three major security".
Analysis of investment opportunities today:
The implementation of the new national standard for energy storage safety and energy storage fire protection is expected to enter the fast lane of development
The national standard "Safety Regulations for Electrochemical Energy Storage Power Stations" will come into effect on July 1, 2023. This national standard applies to lithium-ion batteries, lead-acid (carbon) batteries, flow batteries, water electrolysis hydrogen production/fuel cell energy storage power stations. This standard stipulates the safety technical requirements, operation, maintenance, overhaul, test and other safety requirements of various equipment such as energy storage batteries, BMS, PCS, monitoring, fire protection, heating, ventilation and air conditioning systems, and prefabricated cabins of electrochemical energy storage power stations. .
CITIC Securities said that under the dual drive of the implementation of the new national energy storage safety standard and the cost reduction of energy storage batteries, the proportion of energy storage fire protection value is expected to continue to increase. The same logic also applies to the field of power battery safety: the downward trend of battery costs will help battery companies increase their willingness and ability to configure safety products such as safety sensors and aerogels. It is recommended to pay attention to the early deployment of energy storage fire protection, fire protection companies with channel advantages, and companies in the new energy safety field that benefit from the reduction in battery costs and excellent product capabilities.
The humanoid robot market has a broad space
A humanoid robot refers to an intelligent robot that has the appearance characteristics and mobility of a human being. Traditional robots are generally used in a single scene and trained through a specific database, such as handling, food delivery, sweeping robots, etc.; while humanoid robots are based on a general large model, not limited to fixed application fields, and can seamlessly generate relevant codes according to human instructions during operation And command the robot to act.
Zhongtai Securities stated that humanoid robots are expected to open up robot application scenarios from the upgrade of special-purpose to general-purpose scenarios, and the long-term market space is large. The core components of the robot include reducers, servos, controllers, etc. According to ofweek data, reducers, servos, and controllers account for 35%, 20%, and 15% of the cost of industrial robots, respectively. Humanoid robots have more joints and degrees of freedom, and are expected to account for a higher proportion of parts. Pay attention to the incremental opportunities brought by the development of humanoid robots to upstream core components.
Independent and controllable semiconductor equipment is expected to accelerate
On June 30, the Dutch government promulgated the latest regulations on the export control of semiconductor equipment. These new export control regulations are aimed at advanced 45nm and below chip manufacturing technologies, including the most advanced ALD atomic deposition equipment, epitaxial growth equipment, plasma deposition Equipment and immersion lithography systems, as well as technology, software for the use and development of such advanced equipment, these measures will come into force on September 1.
ASML stated that when exporting its advanced immersion DUV lithography system (ie TWINSCAN NXT:2000i and subsequent immersion systems) in the future, it will need to apply for an export license to the Dutch government, and the Dutch government will decide whether to approve or reject the required export license.
China International Finance Securities believes that the independent control of semiconductor equipment is expected to accelerate, and is optimistic about the opportunity for domestic substitution of key core equipment.
Concentrated release of agricultural demand, the urea market is ushering in an outbreak
Last Thursday, the main urea contract 2309 led the domestic futures market with a surge of more than 5%. Last Friday, 2309, the main contract of urea, rose slightly again, reaching a high of 1900 yuan/ton in the intraday session.
Galaxy Futures said that in June, with the concentrated release of agricultural demand, the urea market ushered in a seasonal recovery. Especially last week, the urea market price rebounded steadily, and it coincided with the peak season of agricultural demand. Coupled with the influence of the downstream market's mentality of buying up and not buying down, the market once again appeared in a short period of time. The phenomenon of "selling goods".
China Securities Futures believes that the current spot price of urea in mainstream delivery areas is around 2,100 yuan/ton. If the spot price can remain above 2,000 yuan/ton, it is expected that urea futures prices may still have room to rise in the short term.
High-end imaging equipment is expected to benefit from the loosening of large-scale medical equipment configuration licensing policies
Recently, the National Health and Medical Commission issued the "14th Five-Year Plan for the Configuration of Large-Scale Medical Equipment". The "Plan" mentioned focusing on improving the fairness and accessibility of medical and health services, narrowing the differences in resource allocation and service capabilities between regions, scientifically planning the number of allocations, optimizing and improving allocation standards, promoting the expansion and sinking of high-quality medical resources, and optimizing the regional balanced layout .
Kaiyuan Securities pointed out that the above-mentioned measures are expected to promote the expansion and sinking of high-quality medical resources and promote the high-quality development of the medical industry. Heavy ion proton radiation therapy system, high-end radiation therapy equipment, PET/MR, PET/C, laparoscopic surgery system, conventional radiation therapy equipment, etc. The number of newly added equipment in the 14th Five-Year Plan has increased significantly. Drive the upgrading of the large-scale medical equipment industry chain and promote the innovation and development of high-end medical equipment. With the rapid rise of domestic equipment manufacturers in the high-end market in recent years, domestic brands are expected to seize a larger market share in the incremental market and realize import substitution of high-end medical equipment. Related targets include United Imaging, Xinhua Medical, Dongcheng Pharmaceutical, Yirui Large-scale medical imaging and radiotherapy equipment manufacturers such as science and technology, surgical robot manufacturers such as minimally invasive robots, and private hospitals such as Yingkang Life, International Medicine, and Hygeia Medical.
The demand for overseas charging piles is expected to rise rapidly
Benefiting from the rapid development of overseas new energy vehicles, charging demand is expected to rise rapidly. At present, both Europe and the United States have strong demands to make up for the shortcomings of the structure and total capacity of charging facilities. Operators in the European market are dominated by petrochemical and power grid companies, focusing on coverage; in the US market, Tesla and Charge point occupy the majority. The planning targets for the total amount of charging facilities of various operators are ambitious, and at the same time, overseas private piles also have a market space that cannot be ignored.
CITIC Securities stated that there are few overseas charging pile manufacturers, limited production capacity, high growth rate and high profitability in overseas markets, which is an important direction for domestic enterprises to seek development. Combined with the development experience of photovoltaic inverters, it is expected that companies with long-term overseas deployment of power electronic products are expected to be the first to benefit. Domestic demand promotes the maturity of the industrial chain, and the timing of large-scale innovations in charging technologies such as ultra-fast charging is relatively early. Domestic companies rely on the local mature industrial chain to form the dual advantages of cost performance and rapid product iteration. It is expected that in the context of rapid growth in demand in overseas markets and continuous technological iteration, demand spillovers and rapid technological iteration will bring continuous and rapid development opportunities to Chinese companies. It is recommended to pay attention to charging pile and module companies that have successfully developed overseas markets and made initial breakthroughs.
Other market-moving news:
US Treasury Secretary Yellen to visit China
According to the Ministry of Finance, as agreed by China and the United States, US Treasury Secretary Janet Yellen will visit China from July 6 to 9.
Central Bank: Maintain a reasonable and stable pace of credit growth
The Monetary Policy Committee of the People's Bank of China held a regular meeting in the second quarter of 2023 (the 101st in total) in Beijing a few days ago. The meeting pointed out that it is necessary to overcome difficulties, take advantage of the situation, increase the intensity of macro-policy regulation, implement a prudent monetary policy accurately and forcefully, do a good job in cross-cycle adjustment, better utilize the dual functions of monetary policy tools in terms of aggregate and structure, and make every effort to ensure stability. Growth, employment stabilization, and price stabilization work will effectively support the expansion of domestic demand, improve the consumption environment, promote a virtuous economic cycle, and provide stronger support for the real economy. Further unblock the transmission mechanism of monetary policy, maintain reasonable and sufficient liquidity, maintain a reasonable and stable pace of credit growth, and keep the growth rate of money supply and social financing basically in line with the nominal economic growth rate.
A number of banks cut interest rates on U.S. dollar deposits.
Recently, a number of major banks have cut interest rates on US dollar deposits. Institutional figures and analysts believe that although the bank’s lowering of the US dollar deposit rate is a market-oriented decision for its own operations, from an objective perspective, this approach will help to “cool down” the unilateral appreciation of the US dollar in the exchange rate market, and let the market Returning to a rational normal is of positive significance for the current exchange rate stabilization. This will reduce the competition of market institutions for US dollar deposits, help maintain the order of the domestic US dollar deposit market, and further help the stability of the RMB exchange rate.
The Ministry of Commerce responds to the Netherlands’ announcement to bring semiconductor-related products into export control
In response to the recent announcement by the Netherlands to include some lithography machines and other semiconductor-related products under export control, the spokesperson of the Ministry of Commerce responded on the 1st that China has noticed relevant reports. In recent months, China and the Netherlands have carried out multi-level and multi-frequency communications and consultations on semiconductor export control issues. However, the Dutch side still put the relevant semiconductor equipment under control in the end, and the Chinese side expressed dissatisfaction with this. The spokesperson of the Ministry of Commerce stated that in recent years, in order to maintain its global hegemony, the United States has continued to generalize the concept of national security, abused export control measures, and even sacrificed the interests of its allies to coerce and win over other countries to suppress and contain China's semiconductor industry, artificially promoting the industry. Decoupling and breaking chains will seriously damage the development of the global semiconductor industry. China firmly opposes this.
Jin Zhuanglong: Building a large database for SME services
On July 2, Jin Zhuanglong, Secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology, went to the China Small and Medium Enterprise Development Promotion Center to investigate and learn more about the construction of the public service system for small and medium-sized enterprises and the development of public service work. Jin Zhuanglong emphasized that it is necessary to build a national service network for small and medium-sized enterprises, make full use of the new generation of information technology, establish a large service database for small and medium-sized enterprises, and drive various service agencies to provide accurate and efficient services for small and medium-sized enterprises. It is necessary to work hard to promote the innovation and development of small and medium-sized enterprises, carry out in-depth special actions of "endowing intelligence, assigning value, and empowering", and strive to achieve new achievements in terms of quantity scale, integrated development, digital transformation, industry-finance cooperation, enterprise services, and international cooperation. breakthrough.
Implementation Opinions on Manufacturing Reliability Improvement Released
Recently, the Ministry of Industry and Information Technology, the Ministry of Education, the Ministry of Science and Technology, the Ministry of Finance, and the State Administration for Market Regulation jointly issued the "Implementation Opinions on Improving Manufacturing Reliability". It is proposed that by 2025, the reliability level of key core products in key industries will be significantly improved, and the reliability standard system will be basically established. Build 3 or more reliability common technology research and development service platforms, form more than 100 typical demonstrations of reliability improvement, and promote more than 1,000 enterprises to implement reliability improvement. By 2030, the reliability level of 10 key core products will reach the international advanced level, the leading role of reliability standards will be fully demonstrated, a group of reliability public service institutions and reliability professionals will be cultivated, and the overall reliability level of my country's manufacturing industry will reach a new level , has become an important engine supporting the high-quality development of the manufacturing industry.
The two departments strengthen the allocation and utilization of unconventional water sources
Recently, the Ministry of Water Resources and the National Development and Reform Commission jointly issued the "Guiding Opinions on Strengthening the Allocation and Utilization of Unconventional Water Sources", proposing that by 2025, the use of unconventional water sources nationwide will exceed 17 billion cubic meters, and the utilization of recycled water in water-scarce cities at the prefecture level and above By 2035, a complete policy system and market mechanism for the utilization of unconventional water sources will be established, and a situation of economical, efficient, systematic and safe utilization of unconventional water sources will basically take shape.
Many brokerages cut margin interest rates
Recently, a number of securities firms, including Cinda Securities, Huajin Securities, Guorong Securities, Southwest Securities, etc., have announced on their official websites that they will reduce the annual interest rate of customer margin demand deposits by 0.05 percentage points from around June 20, 2023. Adjusted from the previous 0.25% to 0.2%.
Industry insiders said that brokerage interest rate cuts have little impact on individual investors, but on the whole, the current customer deposits in the securities industry are close to 2 trillion yuan. If most brokerages lower margin interest rates, it will increase the spread income of brokerages. be effectively guaranteed. According to last year's annual report, some top brokerages' client deposit interest income exceeded 2 billion yuan.
Buffett continues to increase positions in Occidental Petroleum
According to the latest data disclosed by the US Securities and Exchange Commission documents, Buffett’s Berkshire Hathaway spent US$120 million to increase its holdings of 2.14 million shares of Occidental Petroleum during June 26-28, with an average purchase price of About $57.05 per share. As a result, the company's stake in Occidental Petroleum increased to more than 25%.
Huawei AITO M5 standard version officially unveiled
On the AITO M5 Smart Driving Edition User Experience Day on July 2, the Huawei AITO M5 standard version was officially unveiled. The standard version of the Wenjie M5 series will be delivered in August. The official pre-sale price is: 259,800 yuan for the standard version of the rear-wheel drive of the Wenjie M5, and 279,800 yuan for the standard version of the four-wheel drive of the Wenjie M5.
BYD's sales of new energy vehicles in June increased by nearly 90% year-on-year
According to the production and sales bulletin released by BYD in the evening of February, the company sold 253,000 new energy vehicles in June, an increase of 88.79% year-on-year; the output of new energy vehicles was 252,700 vehicles, an increase of 87.47% year-on-year. In the first six months of this year, BYD achieved sales of 1,255,600 new energy vehicles, a year-on-year increase of 95.78%.