Zhitong Hong Kong stocks have known for a long time | The PV industry added 16.02 trillion yuan in credit in the first three quarters and reached a consensus to prevent vicious internal competition

[Today's headlines]

The photovoltaic industry reached a consensus on “strengthening industry self-discipline and preventing 'internal rolling' vicious competition”

In recent times, the market price of photovoltaic products has continued to decline, and the entire industry has fallen into a vicious cycle of irrational competition. The China Photovoltaic Industry Association held a symposium on preventing “internal rolling” vicious competition in the industry in Shanghai on October 14, 2024. The entrepreneurs and representatives fully communicated and reached consensus on “strengthening industry self-discipline, preventing 'internal' vicious competition, strengthening the market survival of the fittest mechanism, and unblocking exit channels for backward and inefficient production capacity” and the healthy and sustainable development of the industry. It involves Hong Kong stock PV companies such as GCL Technology (03800) and Xinte Energy (01799).

[General outlook]

The market capitalization of TSM.US once surpassed 1 trillion US dollars

By the close of the night, the Dow rose 201.36 points, or 0.47%, to 43065.22 points; the NASDAQ rose 159.75 points, or 0.87%, to 18502.69 points; and the S&P 500 index rose 44.82 points, or 0.77%, to 5859.85 points. Arm (ARM.US) rose more than 5%, while Adobe (ADBE.US), ASML.US (ASML.US), and Nvidia (NVDA.US) rose more than 3%. The stock price of TSM.US (TSM.US) reached a record high on Monday, with a market capitalization exceeding 1 trillion US dollars at one point.

Most Chinese securities fell, and the Nasdaq Golden Dragon China Index fell more than 2%. The Hang Seng Index ADR declined. On a proportional basis, it closed at 21030.58 points, down 62.29 points or 0.30% from the Hong Kong closing.

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Central Bank: Credit added 16.02 trillion yuan in the first three quarters, and the M2 balance at the end of September increased 6.8% year-on-year

RMB loans increased by 16.02 trillion yuan in the first three quarters. By sector, household loans increased by 1.94 trillion yuan, of which short-term loans increased by 402.4 billion yuan and medium- to long-term loans increased by 1.54 trillion yuan. At the end of September, the broad currency (M2) balance was 309.48 trillion yuan, up 6.8% year on year. The balance of narrow currency (M1) was 62.82 trillion yuan, down 7.4% year on year.

Major state-owned banks are seeking comments on repurchasing and increasing holdings and refinancing business and are expected to introduce internal rules by the end of the month

The media learned from relevant sources that a large state-owned bank recently issued a draft solicitation of comments on loan products for listed companies and major shareholders to repurchase additional holdings and strategically invest in stocks within the system.

China's power battery load reached 54.5g Wh in September, accounting for 75.8% of lithium iron phosphate batteries

Recently, the China Automobile Power Battery Industry Innovation Alliance released the latest power battery loading data: in September of this year, China's power battery load reached 54.5 GWh, an increase of 15.5% over the previous month and a year-on-year increase of 49.6%.

In the first three quarters, the cumulative sales volume of power and other batteries in China was 685.7 GWh, a cumulative year-on-year increase of 42.5%. In terms of power battery types, the loading volume of lithium iron phosphate batteries reached 41.3 GWh in September, up 18% month on month and 70.9% year on year, accounting for 75.8% of total vehicle load. The loading capacity of ternary batteries was 13.1 GWh, up 8.2% month-on-month and 7.4% year-on-year, accounting for 24.1% of the total load capacity.

From January to September, China's cumulative load of power batteries was 346.6 GWh, a cumulative year-on-year increase of 35.6%. Among them, the cumulative loading volume of ternary batteries was 98.9 GWh, accounting for 28.5% of the total loading volume, with a cumulative year-on-year increase of 21.2%; the cumulative loading volume of lithium iron phosphate batteries was 247.5 GWh, accounting for 71.4% of the total loading volume, with a cumulative year-on-year increase of 42.4%. It involves the Hong Kong stock BYD (01211) and China Airlines (03931).

In the first 30 minutes, 20 brands broke 100 million, 8 single products broke 100 million, and the growth rate of big brands of Tmall beauty exploded

At 8 p.m. on October 14, Tmall Shuang11 officially opened, and big beauty brands quickly exploded. Within 10 minutes, 13 brands of Perea, L'Oréal, Churrique, Lancôme, Corfu, Guerlain, Estée Lauder, Helena, Magnolia Oil, The Mysteries of Aquamarine, Clarins, Skin Key, and Eu Siman broke 100 million, and 20 brands broke 100 million in the first 30 minutes. On the product side, Kefumei Collagen Stick became the first single product to break 100 million, selling more than 200,000 pieces in 10 minutes; within 30 minutes, 8 single products, including Guerlain Recovery Honey and L'Oréal Bosein ampoule mask, broke 100 million. Branded products all showed a strong explosive trend. It involves Hong Kong stocks and Shanghai US shares (02145).

Major appliance transactions surged 765% in the first hour of government subsidies combined with Tmall Shuang11 discounts

This year, government subsidies were combined with the Tmall Shuang11 discount for the first time, driving a sharp rise in the home appliance category. The first-hour Tmall appliance transactions rose 765% compared to the first day of last year's Double 11 pre-sale. Brands such as Haier, Midea, and Little Swan have sold over 100 million, and sales of single products such as Haier's ultra-thin refrigerators, Hisense TVs, Midea Cool power-saving air conditioners, and Panasonic White Moonlight washing and drying kits have surpassed 10 million.

BYD Co., Ltd. (01211) warns that EU tariffs will cause car prices to rise and buyers to be discouraged

BYD warned that the EU plans to impose tariffs on Chinese electric vehicles will cause car prices to rise and discourage buyers. BYD added that the proposed tariffs on its cars were unfair, but the company did not challenge it. Li Ke, the company's executive vice president, said at the Paris Motor Show: “The European electric vehicle market needs more positive education... the level of trust is very low. The problem is the high price, and the EU is now imposing tariffs. Who will pay for it? consumers. So this is very worrying for people. This will stop the poor from buying”. When asked about the proposed tariffs on BYD cars, Li Ke said, “We have a lot of differences in calculation. That's not a fair judgment. We are not questioning it. You don't accept it. What can you do”.

Hang Seng Index Company: Alibaba-W (09988) will be included in indices such as Hang Seng Hong Kong Stock Connect after closing on October 25

The Zhitong Finance App learned that on October 14, Hang Seng Index announced that since Alibaba-W (09988) has been included in Hong Kong Stock Connect and meets the requirements of the rapid inclusion rules for relevant indices, Alibaba will be included in indices such as the Hang Seng Hong Kong Stock Connect Index after closing on October 25, 2024 (Friday), and will take effect on October 28, 2024 (Monday).

COSCO Haineng (01138) plans to acquire shares and assets related to COSCO SHIPPING's Dalian Investment and Shanghai COSCO SHIPPING to integrate the energy and chemical logistics supply chain

Zhitong Finance App News, COSCO Haineng (01138) announced that the company plans to carry out the proposed acquisition and sign a proposed entrustment management agreement. The details are as follows: (1) Dalian Liquefied Gas (a wholly-owned subsidiary of the company) and COSCO SHIPPING Dalian Investment prepared an equity transfer agreement. Based on this, COSCO SHIPPING Dalian Investment agreed to sell and Dalian LPG agreed to acquire: (i) 70% of Shenzhen Longpeng's shares, at a cost of about RMB 277 million; (ii) 87% of the shares in Zhaogang, Hainan, at a cost of about RMB 3.153 billion (iii) Nakajima Port's 15 % equity, at a cost of RMB 0.

IPO Announcement | China Resources Drinks (02460) October 15-October 18 The stock offering is expected to be listed on October 23

According to the Zhitong Finance App, China Resources Drinks (02460) will raise shares from October 15 to October 18, 2024. The company plans to sell 348 million shares, with a public offering accounting for 11%, placement accounting for 89%, and an additional 15% over-allotment. The offer price will not be higher than HK$14.5 per share, and is expected to be no less than HK$13.5 per share, with 200 shares per lot. It is expected that the shares will be traded on the Stock Exchange on October 23, 2024 (Wednesday).

[Individual stock prices are clear]

Shandong Gold (01787) expects net profit to be 1.85 billion to 2.25 billion yuan in the first three quarters, up 37.52%-67.26% year-on-year

According to Zhitong Finance App News, Shandong Gold (01787) announced that according to preliminary estimates, net profit attributable to owners of the parent company is expected to be RMB 1,850 million to RMB 2,250 million in the 1st to 3rd quarter of 2024, an increase of RMB 505 million to RMB 905 million compared with the same period last year, an increase of 37.52% to 67.26% over the previous year. Net profit attributable to owners of the parent company is expected to be RMB 1,887 million to RMB 2,277 billion for the 1st to 3rd quarter of 2024, an increase of RMB 597 million to RMB 997 million compared with the same period last year, and an increase of 46.68% to 77.93% year-on-year.

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