[Early Know] Ministry of Commerce： It is promoting the introduction of guiding opinions to promote the high-quality development of the catering industry; US stocks closed down, while Nasdaq fell 2.43%

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Ministry of Commerce: It is promoting the introduction of guiding opinions to promote the high-quality development of the catering industry.

Development and Reform Commission and Energy Bureau: Strengthen the power system stability under the new situation.

Relevant policies of Hangzhou Municipality on adjusting and optimizing housing provident fund credit.

Lei Jun: Xiaomi Automobile is progressing very smoothly and will be officially listed in the first half of next year.

AITO Auto clarified that "Huawei will fully take over the cross-border sales system" is false news.

Shenzhen: Increase the support for employees of families with many children to withdraw the rental provident fund.

Rong Ke Science and Technology: It is rumored that the company is a "Kunpeng" concept stock, which is suspected of market speculation.

The three major US stock indexes fell across the board, with the Nasdaq down 2.43%.

Guoxuan Hi-Tech plans to invest in the United States to build a battery material project with a total investment of over 2.3 billion US dollars.

Ant Financial has been approved to increase its capital to 23 billion yuan, with 13 shareholders.

Overnight outer disk

The three major US stock indexes fell across the board. At the close, the S&P 500 index fell 1.43% to 4,186.77 points. The Dow fell 0.32% to 33,035.93 points; The Nasdaq fell 2.43% to 12,821.22 points. Most large technology stocks fell, with Apple down 1.35%, Amazon down 5.58%, Netflix down 0.6%, Facebook down 4.17%, Microsoft up 3.07% and Google down 9.51%.

Europe’s three major indexes rose across the board. At the close, Britain’s FTSE 100 index rose 0.33%, France’s CAC40 index rose 0.31%, and Germany’s DAX30 index rose 0.08%.

Hot spot focusing

1. Ministry of Commerce: It is promoting the introduction of guiding opinions to promote the high-quality development of the catering industry.

Zhu Guangyao, head of the Department of Service Trade and Business Services of the Ministry of Commerce, said at the press conference today that the Ministry of Commerce is promoting the introduction of guiding opinions to promote the high-quality development of the catering industry, and will accelerate the high-quality development of the catering industry from the aspects of improving service quality, innovating consumption scenarios, cultivating development momentum, promoting catering culture, and promoting green and safe development. One of the important contents is to better serve the elderly.

2. Development and Reform Commission and Energy Bureau: Strengthen the power system stability under the new situation.

The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued guiding opinions on strengthening the stability of power system under the new situation. The opinions mentioned that the reliable power generation capacity should meet the needs of power and electricity balance and leave a reasonable margin, so as to provide the system with sufficient peak shaving, frequency modulation, voltage regulation and damping support; Scientifically determine the voltage level of power supply connected to the power grid to realize effective support for power grids at all levels; Construct a multi-element and complementary comprehensive energy supply system. Enhance the support ability of conventional power supply regulation. All newly-built coal-fired power units have realized flexible manufacturing, and the flexible transformation of active power units should be completely changed, supporting the transformation of retired thermal power units into emergency standby and phase modulation functions, and continuously improving the network-related performance of units; Actively promote the expansion of hydropower units in major river basins, the adjustment of cascade planning in river basins, etc., carry out the transformation and capacity expansion of hydropower units in accordance with laws and regulations, and configure the phase modulation function as needed for new hydropower units; Actively, safely and orderly develop nuclear power and strengthen the construction of self-power supply capacity of nuclear power bases; Appropriate layout of peak shaving gas and electricity under the premise of implementing gas source; Steady development of biomass power generation.

3, Hangzhou city to adjust and optimize the housing provident fund credit policies.

"Hangzhou Provident Fund Released" WeChat WeChat official account News, Hangzhou adjusted and optimized the relevant policies of housing provident fund credit. First, if there is no housing under the name of the employee’s family and there is no record of housing provident fund loans, the first suite policy will be implemented. Two, workers have a family name housing, or a housing provident fund loan records and the corresponding loans have been settled, the implementation of the second suite policy. Three, workers have two or more houses under the family name, or have two housing provident fund loan records, or outstanding housing provident fund loans, shall not apply for housing provident fund loans. 4. If the employee’s family purchases a house within the scope of housing purchase restriction and implements the first suite policy, the down payment ratio shall not be less than 25%; If the second suite policy is implemented, the down payment ratio shall not be less than 35%. 5. If the employee’s family purchases a house within the scope of non-housing purchase restriction and implements the first suite policy, the down payment ratio shall not be less than 20%; If the second suite policy is implemented, the down payment ratio shall not be less than 30%.

4. Lei Jun: Xiaomi Automobile is progressing very smoothly and will be officially listed in the first half of next year.

According to Weibo, chairman and CEO of Xiaomi, Xiaomi Automobile is progressing very smoothly and will be officially listed in the first half of next year. Xiaomi 14 series will be the first stable version of Xiaomi 澎湃 OS.

5. AITO Auto: Huawei will take over the global sales system as false news.

AITO Automobile issued a clarification statement in the evening, saying that Wenjie Automobile has been loved and recognized by consumers since its listing. In order to provide consumers with a better sales and service experience, Huawei will further increase the construction of direct-operated stores. The report that Huawei will fully take over the cross-border sales system is false news.

6. Shenzhen: Increase support for the withdrawal of housing provident fund for employees with many children.

The Shenzhen Housing and Construction Bureau issued the Notice of the Shenzhen Housing Provident Fund Management Committee on Relevant Matters Concerning the Rental Withdrawal of the Municipal Housing Provident Fund. The notice pointed out that employees and their family members do not own commercial housing, policy housing and affordable housing in this city, and employees who handle the rental withdrawal business can withdraw according to the maximum amount that should be paid in the month of application. For families with two or more children and at least one minor child, employees themselves and their family members do not own commercial housing, policy housing and affordable housing in this city, and if they apply for the rental extraction business, they shall file the rental contract with the municipal housing authority, and after providing the rental contract and rental invoice, they can extract it according to the actual monthly rent, which is not limited by the monthly payment amount. Employees who rent public rental housing in this city can apply for rental extraction business, which can be extracted according to the actual monthly rent, and are not limited by the monthly deposit amount. The notice shall come into force on November 1, 2023 and be valid for one year.

7. There are 13 approved shareholders whose capital is increased to 23 billion yuan by Ant Financial.

On October 25th, it was approved by Chongqing Supervision Bureau of the State Financial Supervision and Administration Bureau to increase the registered capital of Chongqing Ant Consumer Finance Co., Ltd. (hereinafter referred to as Ant Financial) from 18.5 billion yuan to 23 billion yuan. After increasing the registered capital and adjusting the ownership structure this time, there are 13 ant shareholders.

Theme opportunity

1. The two departments issued a document to promote the construction of pumped storage, and the installed capacity of pumped storage is expected to increase steadily.

On October 25th, the National Development and Reform Commission and the National Energy Administration issued guidance on strengthening the power system stability under the new situation. It is mentioned that, according to the demand of power system, we should coordinate the construction of all kinds of regulation resources, promote the scientific allocation of all kinds of energy storage according to local conditions, form the power regulation and stability control ability of multi-time scale and multi-application scenarios, improve the output characteristics of new energy, optimize the load curve, and support a high proportion of new energy delivery. Build pumped storage in an orderly manner, promote the construction of qualified pumped storage power stations in an orderly manner, explore the technical application of changing conventional hydropower into pumped storage power stations and hybrid pumped storage power stations, and the newly built pumped storage units should have the function of phase modulation.

Pumped storage power station has many functions, such as peak regulation, valley filling and energy storage. It is an important support for building a new energy system and realizing the goal of "double carbon" with flexible start and stop, fast response and strong peak regulation ability. With the development progress of conventional hydropower gradually slowing down, in order to meet the needs of new power system construction and large-scale and high-proportion new energy development, the National Energy Administration issued the Medium-and Long-term Development Plan for Pumped Storage (2021-2035), which proposed that by 2025 and 2030, the installed capacity of pumped storage in China will reach 62/120GW respectively. By the end of 2022, the installed capacity of pumped storage in China has reached 167 million kilowatts, of which 45.79 million kilowatts have been built, accounting for 26.2% of the installed capacity of pumped storage in the world, ranking first in the world. With the rapid expansion of new energy, the installed capacity of pumped storage is expected to rise steadily, benefiting industrial chain companies. Related companies include Zhongyuan Co., Ltd. and Gan Consulting.

2. China promotes the development of high-power power devices and the power semiconductor industry is improving.

The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued guidance on strengthening the stability of power system under the new situation, and proposed to develop electrical equipment to improve the stability of power system, such as large-capacity circuit breakers, high-power and high-performance power electronic devices, active support of new energy, and large-capacity flexible DC transmission. Promote the development of new energy storage technology to high safety, high efficiency and active support; Improve the self-control level of power industrial control chips, basic software, key materials and components. Puyin International said that the fundamental cycle of power semiconductors is close to the bottom, and the demand for new energy applications such as wind, light and vehicle storage provides a long-term market scale doubling space. Looking into the future, the growth rate of revenue side of China power semiconductor industry has bottomed out, and it is expected to continue to improve in the second half of this year, while the profit side is expected to stabilize and form the bottom in the third and fourth quarters of this year. Related companies include Xinjieneng and Tianyue Advanced.

3. Open source HarmonyOS PC-side operating system welcomes important progress. Core ecological chain companies are concerned.

According to media reports, the Orange Pi OS(OH) customized by Shenzhen Xunlong Software Co., Ltd. based on OpenHarmony will be released soon, which means that Xunlong software generals will take the lead in launching PC-side open source HarmonyOS system before Huawei and Shenkaihong. At present, Orange Pi OS (OH) mainly adapts to PCs supporting ARM architecture. Xunlong Software has set up a team focusing on the R&D and commercialization of open source HarmonyOS, and the next step is to adapt to PCs with X86 architecture.

HarmonyOS system is a highly decentralized operating system that spans multiple operating systems, devices and scenarios, and it can run seamlessly in different scenarios. On this basis, an enterprise data center management system based on cloud computing technology is designed and developed by combining cloud computing, big data processing and other technologies. Another striking feature of HarmonyOS system is cross-terminal migration. Various devices in the family, such as computers, mobile phones, televisions and watches, can run the same HarmonyOS system, thus realizing seamless information transmission and sharing.

By August 2023, the number of HarmonyOS Eco-devices has exceeded 700 million, and 2.2 million Harmony OS developers have invested in the development of the HarmonyOS world. With the breakthrough of related technologies, HarmonyOS is expected to build 100% home-made computers, including CPU, memory, hard disk, operating system and software. Related companies include Changshan Beiming and Tuowei Information.

Company news

1. Rong Ke Science and Technology: It is rumored that the company is suspected of market speculation for the "Kunpeng" concept stock.

Rong Ke Science and Technology (300290) announced the change on the evening of October 25. Recently, the company paid attention to the false information about the company rumored in the market, saying that the company and "Hyperfusion" had the expectation of asset injection, which was inconsistent with the facts; At the same time, calling the company a "Kunpeng" concept stock is suspected of market speculation.

2. Yuancheng Shares: No business cooperation or contact with Changjiang Storage.

Yuancheng Co., Ltd. (603388) issued a warning announcement on the risk of stock trading on the evening of October 25th, saying that recently, the company was concerned about the news that the company was involved in "accepting industrial chain research, and the company recently won an order of 100 million yuan for storage in the Yangtze River". Now, the relevant situation is as follows: Up to now, the company and its subsidiary Simi Electronics have not accepted industrial chain research activities, and have not had any business cooperation or contact with Changjiang Storage Technology Co., Ltd. According to the semi-annual data in 2023, the contribution of the company’s main business income has not changed significantly. The business income of Silimi Electronics accounts for 4.63% of the company’s total revenue, and the business accounts for a relatively small proportion, which has limited impact on the company’s performance.

3. Guanghong Technology: The net profit in the third quarter of 2023 increased by 87% year-on-year.

Guanghong Technology (300735) released its third quarterly report on the evening of October 25th, with revenue of 3.454 billion yuan in the first three quarters, up by 14.36% year-on-year; The net profit was 238 million yuan, up 18.74% year-on-year; The basic earnings per share is 0.3106 yuan. Among them, the net profit in the third quarter was 112 million yuan, an increase of 87.17%. The company said that with the growth of orders, the company’s current capacity utilization rate has been at a high level. Since the third quarter, the company is actively purchasing equipment and recruiting employees to meet the increasing demand for orders in the future.

4. TCL Central: It is planned to buy back shares of RMB 500 million to RMB 1 billion.

On the evening of October 25th, TCL Zhonghuan (002129) announced that it planned to buy back 500-100 million yuan of shares at a price not exceeding 34.15 yuan/share (inclusive). The repurchased shares will be used for equity incentive or employee stock ownership plan at an appropriate time in the future. In addition, the company achieved a net profit attributable to shareholders of listed companies of 1.652 billion yuan in the third quarter, down 20.72% year-on-year (after adjustment).

5. Geer Software: The chairman proposed to buy back the shares of the company from 15 million yuan to 30 million yuan.

Geer Software (603232) announced on the evening of October 25th that Yang Wenshan, the chairman of the company, proposed that the company buy back the shares of the company at a price of 15-30 million yuan, and the repurchased shares are intended to be used for employee stock ownership plans or equity incentives.

6. Tenglong shares: received the designated project of a domestic independent brand OEM.

Tenglong Co., Ltd. (603158) announced on the evening of October 25th that the company recently received a fixed-point notification letter from a domestic independent brand main engine factory, and the company became a supplier of thermal management air conditioning side integrated module for its new project. According to the customer’s plan, the project is expected to start mass production in March 2025, with a total life cycle of about 599 million yuan and a life cycle of about 5 years.

7. Xinjin Power: The holding subsidiary received the bid-winning notice of the zero hydrocarbon ammonia project.

Xinjin Power (300157) announced on the evening of October 25th that its holding subsidiary, Xinjin Chemical Machinery, recently received the bid-winning notice from Yuanjing Zero Carbon Technology (Chifeng) Co., Ltd., and determined Xinjin Chemical Machinery as the winning bidder for the P1 phase of Yuanjing Zero Carbon 1.52 million tons/year zero hydrocarbon ammonia project (Phase I).

8. Jianglong Boat: The subsidiary signed a sales contract of 251 million yuan.

On the evening of October 25th, Jianglong Boat (300589) announced that on October 25th, 2023, its subsidiary Aolong Boat Technology Co., Ltd. and Zhuhai Jiuzhou Marine Industry Investment Holding Co., Ltd. signed the "Jiuzhou No.1" Construction Contract for Zhuhai Jiuzhou Shenyuanhai Aquaculture Boat, with a contract amount of 251 million yuan, accounting for 36.85% of the company’s audited operating income in 2022. In addition, the company won the bid for the Law Enforcement Boat Construction 2022 project of Zhejiang Ocean and Fisheries Law Enforcement Corps (600-ton fishery boat project), with the winning bid amount of 77.66 million yuan, accounting for 11.41% of the company’s audited operating income in 2022.

9. Guanghua Technology: Sun Company plans to set up a joint venture company Guangzhou to build a battery comprehensive service demonstration base.

Guanghua Technology (002741) announced on the evening of October 25th that Sandian Technology, a wholly-owned Sun Company, and Guangzhou Public Transport Group New Energy Development Co., Ltd. planned to jointly establish a joint venture company, Guangzhou Core Power Technology Co., Ltd., and Sandian Technology invested 8.575 million yuan, accounting for 49%. The joint venture company will build the first "battery comprehensive service demonstration base" in Guangzhou.

10. Guoxuan Hi-Tech: The total investment of the battery material project to be invested in the United States exceeds 2.3 billion US dollars.

Guoxuan Hi-Tech (002074) announced on the evening of October 25th that it planned to build a battery material project in Michigan, USA, and entrusted Guoxuan, a wholly-owned subsidiary of the company, to sign relevant agreements with the Michigan government and other third-party partners, with a total planned investment of US$ 2.364 billion. This project aims to realize the local independent supply of core raw materials for new energy power and energy storage batteries in North America.

Editor: Zhang Qian

Proofreading: Liao Shengchao