Zhitong Hong Kong stocks have known for a long time | Ministry of Commerce: Will organize and carry out a pilot automobile distribution and consumption reform, the China Securities Jinlong Index soared 4% to a new high of more than three years

[Today's headlines]

Ministry of Commerce: Will organize and carry out a pilot reform of automobile distribution and consumption

Li Gang, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said at the press conference of the State Information Office on March 17 that it will organize and carry out pilot automobile distribution and consumption reforms, actively support places that are in a position to do so to try first in promoting the efficient circulation of used cars and developing the automotive aftermarket, and focus on cultivating new growth points for automobile consumption. Expand automotive aftermarket consumption such as car modifications, leasing, racing, and motorhome camping. Cultivate and expand used car operators, and continue to implement facilitation measures such as “reverse invoicing” for used car sales and registration of offsite transactions. Strengthen information sharing in the automotive sector, support the development of third-party used car information search platforms, and promote safe and convenient used car transactions.

[General outlook]

The three major US stock indices closed up, and the Golden Dragon Index surged 4% to a new high of more than three years

Overnight, the US stock S&P 500 index rose 0.64% to 5675.12 points; the Dow Jones Industrial Average rose 0.85% to 41841.63 points; and the Nasdaq Composite Index rose 0.31% to 17808.66 points. Nvidia (NVDA.US) fell more than 1%, Tesla (TSLA.US) fell 4.8%, and Intel (INTC.US) rose nearly 7%. The Nasdaq China Golden Dragon Index rose more than 4% to a new high since February 2022. Baidu (BIDU.US) rose 9%, and Alibaba (BABA.US) and JD.US (JD.US) rose more than 4.5%. The Hang Seng Index ADR rose. On a pro rata basis, it closed at 24676.57, up 531 points or 2.2% from the Hong Kong closing.

[Hot Topics Preview]

Wang Chuanfu: BYD will build more than 4,000 megawatt flash charging stations

At the BYD Super e platform technology launch and Han L and Tang L pre-sale conferences, BYD Chairman Wang Chuanfu delivered a speech. Wang Chuanfu announced the release of BYD's megawatt flash charger. The battery life can reach 400 kilometers after 5 minutes of charging. In addition, BYD will also promote the construction of megawatt flash charging stations and plan 4,000+ megawatt flash charging stations.

Wang Chuanfu announced that BYD will launch a new generation of drive motors with a maximum speed of 30,511 rpm. This is also the industry's first mass-produced 30,000 rpm motor. According to information, the BYD Super e platform is BYD's next-generation pure electric technology platform. It has been fully upgraded in the core fields of motors, batteries, electronic control, etc., to achieve deep integration of electrification. With the support of new technology, the Super e platform supports megawatt-level flash charging, which can achieve a charging speed comparable to that of fuel vehicles.

Lian Yubo, executive vice president of BYD Group, announced that BYD has officially released a 1500V automotive-grade SiC power chip. This is also the industry's first mass-produced and applied automotive-grade silicon carbide power chip with the highest voltage level. This is the core component of the new generation pure electric technology platform released by BYD - the Super e Platform. The platform has been fully upgraded in the core fields of motors, batteries, electronic control, etc., to achieve deep electrification integration, and supports 1MW power flash charging to achieve “same speed of oil and electricity”.

Tencent IMA update: mixed element T1 model launched, supports Markdown format import and note upgrade

Tencent's AI workbench ima.Copilot has been updated separately on the computer and mobile, and three core feature upgrades have been introduced: adding a mixed element T1 model, adding markdown format import and interpretation, and upgrading Q&A interaction. Q&A messages can be modified, and AI writing on the notebook panel supports multiple rounds of questioning and knowledge base call writing.

Weichai Power (02338): Temporary termination of subsidiary spin-off and listing plans

Weichai Power announced that the company held an interim board of directors and supervisory board meeting on March 17, 2025 to review and pass the “Proposal on Temporary Termination of the Spin-off of the Subsidiary Weichai Torch Technology Co., Ltd. to the GEM Listing”. The matter still needs to be submitted to the shareholders' meeting for consideration. Since planning to split and go public, the company has actively promoted related matters and fulfilled relevant decision-making procedures and information disclosure obligations. Considering the current market environment, the company decided to temporarily terminate the spin-off of Torch Technology and listing on the GEM to coordinate business development and capital operation plans. The termination of the spin-off listing will not have a significant adverse impact on the company's current production and operation, financial situation and future strategic plans.

The yield of Nvidia GB200 has reached mass production standards

According to media reports, in response to whether the Nvidia GB200 AI server will be mass-produced, Hon Hai Chairman Liu Yangwei said at the French conference that after more than half a year of data collection, the GB200 yield has reached mass production standards. GB200 is a very complex system with many components, making testing very complicated. After continuous process improvements, production has become more and more stable, and shipping in the next few quarters will not be a problem. It involves Hong Kong stock Hongteng Precision (06088).

SMORE International (06969) supports R&D development in 2024 to increase significant innovation results, and revenue increased 5.31% year-on-year to 11.799 billion yuan

According to the Zhitong Finance App, Smore International (06969) announced its 2024 results, achieving revenue of about 11.799 billion yuan, up 5.31% year on year; R&D expenditure of about 1,572 billion yuan, up about 6% year on year; gross profit of about 4.412 billion yuan, up 1.64% year on year; net profit of about 1.03 billion yuan, basic profit of 21.42 points per share, and proposed a final dividend of HK5 cents per share.

VESYNC (02148) announced 2024 annual results. Profit attributable to shareholders was US$93.088 million, an increase of 20.1% over the previous year

According to the Zhitong Finance App, VESYNC (02148) announced results for the year ended December 31, 2024, with revenue of US$653 million, up 11.5% year on year; profit attributable to parent company owners was US$93.08 million, up 20.1% year on year; basic profit per share was 8.64 cents.

Pharmacist Gang (09885) announced 2024 results. Profit attributable to company owners was RMB 30.13 million, turning a year-on-year loss into profit

According to Zhitong Finance App News, Pharmacist Bang (09885) announced 2024 results, with revenue of about 17.904 billion yuan, up 5.5% year on year; gross profit of about 1,813 billion yuan, up 4.2% year on year; profit attributable to company owners of 3 million yuan, turning a year-on-year loss into profit; adjusted net profit of about 157 million yuan, up 20.1% year on year; profit per share of 0.05 yuan. The company announced that it plans to distribute dividends to all shareholders, with a cash dividend of 0.075 yuan per share, accounting for 170% of earnings per share, which is a high percentage of dividend rewards. This is also the first dividend since Pharmacist Help went public.

Yao Ming Kangde (02359) announced annual results, parent company holders should account for profit of 9.353 billion yuan in continuous operation, adding about 1,000 new customers throughout the year

According to Zhitong Finance App, Yao Ming Kangde (02359) announced annual results for the year ended December 31, 2024. The group obtained revenue of 39.241 billion yuan (RMB, same below); gross profit of 16.016 billion yuan; profit attributable to parent company holders of 9.353 billion yuan; basic profit per share of 3.24 yuan; proposed to distribute a final cash dividend of 9.8169 yuan per 10 shares and a special dividend of 3.5 yuan for every 10 shares.

Haitian International (01882) announced annual results. Profit attributable to shareholders of 3.08 billion yuan increased 23.6% year over year

According to the Zhitong Finance App, Haitian International (01882) announced the annual results for the year ended December 31, 2024. The group obtained revenue of RMB 16.128 billion (same unit), an increase of 23.4%; profit attributable to the company's shareholders of RMB 3.08 billion, an increase of 23.6% over the previous year; basic profit of 1.93 yuan per share, and plans to pay a second interim dividend of HK$0.73 per share.

Cinda Biotech (01801) Initiates Phase III Clinical Treatment of Metabolism-Related Fatty Liver Disease with Maxidopeptide VS Simeglutide

The Zhitong Finance App learned that on March 14, the drug clinical trial registration and information disclosure platform showed that Cinda (01801) initiated a multicenter, randomized, open-label clinical study (GLORY-3) comparing the efficacy and safety of mazeptide and simeglutide in Chinese subjects who are overweight or obese with metabolism-related fatty liver disease (MAFLD).

[Individual stock prices are clear]

Fubo Group (03738): To benefit from AI, synthetic content generation requires the addition of a logo

Four departments including the State Internet Information Office issued the “Measures for Artificial Intelligence to Generate Synthetic Content Signage”, which will take effect on September 1, 2025. It is mentioned that service providers are encouraged to add implicit logos in the form of digital watermarks, etc. to the generated composite content. If a user applies for a service provider to provide generated synthetic content without an explicit logo, the service provider may provide the generated synthetic content without an explicit logo after clarifying the user's logo obligations and usage responsibilities through the user agreement, and keep relevant logs such as the provided target information for no less than six months in accordance with the law.

Open Source Securities previously stated that Fubo Group is the world's leading provider of digital assets and trading services. The company protects the rights of digital content assets based on the core patented technology of digital fingerprinting and watermarking of film and television genes. The content penetration rate of major overseas customers has increased, the number of domestic platform calls and overseas content regions continues to expand, and active investment in the AIGC field is expected to increase in the future. Guoyuan International pointed out that the AI industry's awareness of content copyright protection has increased, and in the future, the company will receive growth opportunities brought about by the industry's heightened awareness of copyright protection.

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