pinballrevolution| Commentary: Shanghai Composite Index closed down 0.61%

Special topicPinballrevolutionThe upward volume of A-shares breaks through and pays attention to the effect of capital replenishment after the festival.

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On the news on May 8, the three major stock indexes adjusted throughout the day, and the Prev closed down 0.Pinballrevolution.61%, down 1%Pinballrevolution.45%. In terms of the plate, the concept of cellular immunotherapy went against the trend throughout the day, and Tailin Biology, Guanhao Biology and Xiangxue Pharmaceutical raised the rising tide; the concept of synthetic biology rose, Bawei shares 30cm limit, common pharmaceutical industry, Ruifeng high materials and other 20cm trading limit, Rhine biology (rights protection), Lu Kang medicine and other intraday trading; aquaculture stocks expanded in the afternoon, Huatong shares rose by the daily limit. In terms of decline, real estate stocks were depressed across the board, the direction of real estate services led the decline, Nanguo Real Estate fell by the limit, and special services fell by more than 7%. The concept of AI stocks continued to adjust, and it was worth buying more than 8%, while Sai Group fell nearly 6%. The concept of copper high-speed connection fell lower, and Shenyu shares fell by more than 7%. Overall, individual stocks showed a general downward trend, with more than 4200 stocks falling.

As of the close, Prev was down 0.61% at 3128.48 points, Shenzhen Index was down 1.35% at 9638.82 points, and Chuangxin Index was down 1.45% at 1865.11 points.

On the disk, cellular immunotherapy, synthetic biology, chicken plate led the increase, real estate services, rental and sale rights, AI corpus plate led the decline.

Hotspot plate:

1. Cellular immunotherapy.

Tailin Biology, Guanhao Biology, Xiangxue Pharmaceutical, Kaileng Health and other active strands.

According to the news, it was reported that Professor Yin Hao of the second affiliated Hospital of Naval Medical University (Shanghai long March Hospital), together with Professor Cheng Xin of the Center for Excellence in Molecular and Cell Science of the Chinese Academy of Sciences, successfully cured a diabetic patient with severely impaired islet function by using autologous regenerated islet transplantation derived from stem cells for the first time in the world. At present, the patient has been completely free from insulin for 33 months.

2. Synthetic organisms

Bawei shares, Common Pharmaceutical, Yiqiao Shenzhou, Ruifeng Gao Talent and other stocks strengthened.

According to CITIC Construction Investment News, synthetic biology is a sunrise industry rising at the beginning of this century, which can transform and even create life systems. At present, financing in the primary market is hot. Technological breakthroughs tend to rise in a spiral, so we should be optimistic about the future development of the industry.

Message side:

1. [the Biden government revokes the license (Golden Kirin analyst) license for Qualcomm and Intel to sell semiconductors to Huawei] the World wide Web reported that the Biden government further tightened export restrictions to Huawei on May 7, revoking the licenses of US chip companies Qualcomm and Intel to sell semiconductors to Huawei. The US Commerce Department confirmed on the same day that it had "revoked some of its export licenses to Huawei", but did not say which US companies were affected. The US government's latest move against Huawei will affect the supply of chips for Huawei's mobile phones and laptops, according to anonymous sources. Reuters pointed out that sources said that in the past year or so, the Biden government has rarely approved new license applications for Huawei. Bloomberg also believes that at present, Huawei is no longer among Qualcomm's top ten customers, nor is it on Intel's top customer list. Qualcomm recently said its business with Huawei was limited and would soon shrink to zero.

2. [Omdia: global cumulative deployment of 13 million charging interfaces to replenish 34 million electric vehicle travel demand] Omdia's latest forecasts show that China, Europe and North America account for more than 90 per cent of the world's electric vehicle ownership and have more than 95 per cent of the global charging interface installation base. In 2023, the global sales of electric vehicles exceeded 14.6 million, and the number of electric vehicles reached 34.2 million, mainly in China, Europe and North America. By the end of 2023, 13 million electric vehicle charging interfaces had been deployed worldwide, of which non-public charging piles accounted for more than 72 per cent. China is far ahead of the charging interface installation base, more than twice that of the second-largest European market. It is expected that the increment of charging piles in China and Europe will continue to be dominated by AC piles and small DC piles, while the proportion of DC fast charging piles in North America will be significantly higher than that in China and Europe.

3. [China Institute of Information and Communications: 20.218 million domestic smartphone shipments fell 6.2% in March compared with the same period last year] according to data released by China Institute of Information and Communication, in March 2024, 21.38 million mobile phones were shipped in the domestic market, down 5.5% from the same period last year, of which 17.736 million were 5G handsets, up 2.3% from the same period last year, accounting for 83.0% of mobile phone shipments in the same period. From January to March 2024, 67.415 million mobile phones were shipped in the domestic market, an increase of 7.4 percent over the same period last year, of which 56.433 million were 5G phones, an increase of 9.6 percent over the same period last year, accounting for 83.7 percent of mobile phone shipments in the same period. In March 2024, smartphone shipments were 20.218 million, down 6.2 per cent from a year earlier, accounting for 94.6 per cent of mobile phone shipments in the same period. From January to March 2024, 63.773 million smartphones were shipped, an increase of 5.8 per cent over the same period last year, accounting for 94.6 per cent of mobile phone shipments in the same period.

4. [trade-in of consumer goods in Henan Province] 19 departments, including the Department of Commerce of Henan Province, jointly issued the "implementation Plan for promoting the Trade-in of Consumer goods in Henan Province" a few days ago. the focus will be on the implementation of three major projects: the trade-in of cars, the trade-in of household appliances and the "renovation" of household furnishings and kitchens.PinballrevolutionThe trade-in of consumer goods in our province has been launched in an all-round way. With regard to the trade-in of new cars, from now on to the end of this year, individual consumers will be given a subsidy of 10, 000 yuan to scrap fuel vehicles with emission standards below State III or below, or new energy passenger vehicles with an age of more than six years, and 7000 yuan for individual consumers to scrap fuel vehicles with emission standards below State III and below, and to buy fuel passenger vehicles with engine engines below 2.0 engine. At the same time, cities and counties should be encouraged to subsidize consumers who replace old cars with new ones, and provincial finance should give appropriate rewards and subsidies; automobile production and sales enterprises should be encouraged to independently carry out used car replacement subsidies and superimposed preferential profit-making activities.

Institutional viewpoint:

Huajin Securities Research News pointed out that the important pre-festival meeting had a positive impact on the A-share market, which may further shock the upside. According to the analysis of Huajin Securities, in the short-term dimension, on the one hand, the growth rate of infrastructure investment, manufacturing investment and consumption is likely to increase; on the other hand, it is proposed to digest the stock of real estate and high-quality real estate development. it is helpful to raise the expectation of real estate sales and investment growth. "in the long-term dimension, the meeting exceeded expectations and the third Plenary session of the CPC Central Committee will focus on promoting Chinese-style modernization and raising the expectations of long-term economic growth. In addition, the meeting stressed the consistency of macro policy orientation, indicating that monetary policy will be accommodative loose under fiscal strength, which is expected to increase liquidity easing expectations and boost risk appetite. " Joaquin Securities further pointed out. In terms of allocation, Huajin Securities advises investors to pay attention to TMT, Dianxin, automobile, machinery, home appliances and real estate, real estate industry chains and other industries related to new quality productivity.

According to a research report issued by Guolian Securities, the income of lithium power equipment in 2023 does not increase profits, and domestic lithium power expansion slows in stages. From the revenue point of view, the lithium power equipment industry achieved revenue of 52.6 billion yuan in 2023, compared with the same period last year. + 14% of the company 2024Q1 achieved revenue of 10.3 billion yuan,-5% year-on-year. From the profit side, the lithium power equipment industry achieved a net profit of 4.2 billion yuan in 2023, compared with-14% of the same period last year. The net profit of 2024Q1 was 920 million yuan,-14% of the same period last year. In 2023, the lithium battery equipment industry increased income without profit, mainly because the domestic lithium battery industry experienced rapid production expansion from 2020 to 2022, and showed signs of slowing down production expansion in 2023. After the phased clearance of the domestic market, the equipment industry is expected to usher in an upward boom. The demand for overseas lithium power equipment recovers, and the equipment is optimistic about going to sea.