A-share afternoon comment： the three major indexes all fell more than 1% in half a day, and brokerage stocks collectively fell sharply.
The three A-share indexes collectively pulled back in early trading. As of midday, the Shanghai Composite Index fell by 1.19%, the Shenzhen Component Index fell by 1.24%, the Beizheng 50 index fell by 0.22%, and the Growth Enterprise Market Index fell by 1.23%. Half-day turnover in Shanghai and Shenzhen stock markets was 466.9 billion yuan. Individual stocks fell more and rose less. More than 4,000 stocks in the two cities fell, and northbound funds sold 10.054 billion yuan in half a day.
On the theme of the sector, diet pills, pharmaceutical business and CRO concepts were among the top gainers, while securities and gas sectors were among the top losers.
On the disk, the concept of diet pills led the rise, with Shengnuo Bio rising by over 18% and () rising by over 9%. The pharmaceutical business was among the top gainers, with () and () both trading daily. Brokerage stocks led the decline, (), () once fell. The gas sector was among the top losers, with () and () falling more than 5%.
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At 09: 25, the A-share market opened, the Shanghai Composite Index opened flat, the Shenzhen Component Index opened 0.10% higher, and the Growth Enterprise Market Index opened 0.10% higher. The concepts of securities and diet pills were among the top losers.
At 09:27, the securities sector started to fall, () fell more than 7%, and Hongta Securities, Pacific, () and Jinlong shares followed suit.
At 09:29, the opening of real estate development was active. Shenzhen Zhenye A and () had daily limit, () rose by over 5%, and (), () and () rose one after another.
At 09:33, the concept of superconductivity rose, () rose by more than 5%, and (), (), () and () followed suit.
At 09:35, the pharmaceutical business strengthened in early trading, and the daily limit of Sili Medical went out of four consecutive boards, () rose by more than 4%, and (), () and () followed suit.
At 09:37, the concept of diet pills changed, and Shengnuo Bio rose by over 12%, followed by (), (), () and ().
09:39 Hua Hong Semiconductor fell 8.10%. According to the announcement, the company’s sales revenue in the second quarter reached 631.4 million US dollars, up 1.7% year-on-year, which was flat from the previous month. The profit attributable to owners of the parent company was $78.5 million, down 6.4% year-on-year, compared with $152.2 million in the last quarter.
At 09:41, the tourist plate of scenic spots moved up, () went up, and Emei Mountain A, Zhangjiajie, () and () followed up.
At 09:43, the media and game sectors strengthened in intraday trading, () rose by over 6%, () rose by over 5%, and (), () and () followed suit.
At 09:45, the gas sector changed and fell, and Chengdu Gas fell by nearly 5%. (), () and Xinao shares fell by more than 4%, and () and () followed suit.
At 09:48, Country Garden fell more than 10%. In the news, the company expected a net loss of about 45 billion yuan to 55 billion yuan in the first half of the year, and the company’s management promised to do its best to save itself.
At 09:55, the main contract of lithium carbonate hit a new low, reporting 208,400 yuan/ton, down 2.8%.
At 10:11, the agricultural sector oscillated lower, () fell by more than 5%, () fell by more than 4%, and (), () and Qiule Seed Industry followed suit.
At 10:21, the traditional Chinese medicine sector rose, () rose by more than 7%, and (), (), () and () followed suit.
At 10:25, FTSE China A50 index futures fell more than 1%.
At 10:32, the concept of reducer was changed and pulled up, () daily limit, (), (), (), () and so on followed up.
At 10:33, the Hang Seng Technology Index fell more than 2%, the Hang Seng Index fell 0.7%, and only Alibaba rose among the constituent stocks of the branch index.
At 10:41, the securities sector continued to fall, Hongta Securities and Jinlong shares both fell, Capital Securities fell more than 9%, and Cinda Securities and Pacific followed suit.
At 10:44, the three major indexes all fell more than 1%, the Shanghai Composite Index fell 1.05%, the Shenzhen Component Index fell 1.13%, the Growth Enterprise Market Index fell 1.03%, and more than 3,700 stocks in the two cities fell. Diet pills and pharmaceutical businesses were among the top gainers, while the securities and gas sectors were among the top losers.
At 11:00, FTSE China A50 index futures fell more than 2%.
News:
1. People’s Daily: Building the communication "base" of digital economy.
The People’s Daily published a commentary saying that in order to seize the commanding heights of future development, it is necessary to wait for no one, to make the application of 5G deeper, wider and more refined, and to give birth to more innovations in the format. From the perspective of 5G coverage, it is necessary to continue to consolidate the network foundation, accelerate the construction and deployment of 5G networks and Gigabit optical networks, continuously improve the coverage level of 5G networks in rural and remote areas, and provide better and better telecommunications universal services; From the perspective of the evolution of 5G technology, it is also necessary to accelerate the innovation of core technologies, strengthen the research and development of 5G enhancement technologies, accelerate the development of technologies and industries such as millimeter waves, lightweight modules and high-precision positioning, actively explore the potential key technologies of 6G, and form a number of landmark achievements; From the perspective of empowering the real economy, it is also necessary to deepen the integrated application, accelerate the development and upgrading of "5G+ Industrial Internet", deepen the integrated application in key areas such as mining and electric power, explore innovative applications in potential areas such as agriculture and cultural tourism, and promote the integration of information and communication technologies with the real economy.
2. Evergrande Real Estate suffered a net loss of 52.7 billion yuan last year, with current liabilities of 1.6 trillion yuan.
On the evening of August 10th, Evergrande Real Estate Group Co., Ltd. issued several reports, including the 2022 annual bond report, the 2022 semi-annual bond report and the 2021 annual bond report, as well as the 2022 and 2021 annual audit reports and the 2022 semi-annual financial report of Evergrande Real Estate. According to the financial report data, the net loss of Evergrande Real Estate in 2022 was RMB 52.72 billion. As of December 31, 2022, the total current liabilities were RMB 1,678.747 billion, while the total monetary funds of the company (including cash and cash equivalents and restricted funds) were RMB 9.173 billion. The company’s total liabilities are 1,833.819 billion yuan and total assets are 1,468.557 billion yuan.
3. Country Garden has prepared for debt restructuring and recently started relevant procedures.
According to CBN, an institutional source told reporters that Country Garden is already preparing for debt restructuring and is expected to start relevant procedures in the near future. The company has hired CICC as a financial consultant to lead the restructuring.
4. CITIC Securities: It is expected that the new shares will be expanded in an orderly manner in the market outlook, and the registration system has limited impact on liquidity.
Citic Securities said that looking forward to the market outlook, it is expected that the new shares will be expanded in an orderly manner, and the registration system will have limited impact on liquidity. Liquidity differentiation and delisting normalization will help A-shares achieve survival of the fittest; When new shares return to market pricing, the initial fluctuation of IPO will gradually decrease; The IPO structure will better reflect the development direction of the real economy and the latest supply in the primary market, which will benefit the financing of technology companies such as specialization and innovation; The supply of refinancing projects has increased, and the discount rate of fixed bidding is expected to remain at 10-15%, and the center of fixed pricing discount rate is expected to move up.
5. Chengdu Provident Fund may pay the rent directly on a monthly basis.
According to the official micro-news released by Chengdu, recently, the Chengdu Housing Provident Fund Management Center issued a notice for public consultation on the "Regulations on the Administration of Direct Monthly Rent Payment from Housing Provident Fund (Draft for Comment)". Among them, it is intended to be clear that if the depositor rents enterprises in the administrative area of Chengdu to centrally operate affordable rental housing that is open to the public, and the operating enterprises have signed a cooperation agreement with Chengdu Provident Fund Center, they can sign the "Chengdu Housing Provident Fund Management Center Extraction Housing Provident Fund Monthly Direct Rent Payment Service Agreement" with Chengdu Provident Fund Center to authorize the monthly direct rent payment business. After the Agreement comes into effect, the depositor authorizes Chengdu Provident Fund Center to automatically transfer the withdrawal amount to the account designated by the operating enterprise on the agreed withdrawal date every month.
6. Extreme Krypton car: From now until the end of the year, the limited-time price of Extreme Krypton 001 will drop by up to 37,000 yuan.
On August 11th, Extreme Krypton Automobile launched the latest limited-time price rights policy of Extreme Krypton 001. From now until the end of the year, new users can enjoy a limited-time reduction of 30,000-37,000 yuan.
China Xintongyuan: In June 2023, the domestic market shipped 22.149 million mobile phones, down 20.9% year-on-year, of which 17.322 million were 5G mobile phones, down 24.8% year-on-year, accounting for 78.2% of the mobile phone shipments in the same period. From January to June, the total shipments of mobile phones in the domestic market totaled 130 million units, down 4.8% year-on-year, among which, the shipments of 5G mobile phones were 102 million units, down 6.4% year-on-year, accounting for 78.9% of the mobile phone shipments in the same period.
7. the State Council Security Committee: comprehensively investigate and rectify the hidden dangers of the whole chain of urban gas.
The the State Council Municipal Committee of Work Safety issued the "National Work Plan for Special Renovation of Town Gas Safety". It is mentioned in the work plan that it will take about three months to carry out centralized attack, comprehensively investigate and rectify the hidden dangers of the whole chain of urban gas, establish a rectification account, and effectively eliminate the outstanding risks of gas safety in crowded places such as catering enterprises; It will take about half a year to consolidate and improve the effectiveness of concentrated attack, organize a "look back", comprehensively complete the rectification of identified risk hazards, and build a dual prevention mechanism for gas risk management and control and hidden danger investigation and management; By the end of 2025, establish a gas safety management mechanism that is strict, strict and severely punished, improve the relevant laws and regulations and standards system, enhance the level of intrinsic safety, lay a solid foundation for gas safety management, and basically establish a long-term mechanism for gas safety management.
8. Yang Huiyan withdrew from the chairman of a company under Country Garden.
Enterprise search APP shows that recently, the industrial and commercial changes occurred in Country Garden Real Estate Development Co., Ltd. in Gaoming District, Foshan City, and Yang Huiyan stepped down as the chairman; Bu Dehua no longer serves as general manager and director, and Yu Peiling no longer serves as supervisor; Li Shihua’s position was changed from deputy general manager and director to manager. Foshan Gaoming Country Garden Real Estate Development Co., Ltd. was established in January 2004 with a registered capital of 1.163 billion yuan, which is wholly owned by ANGEL VIEW INTERNATIONNAL LIMITED. Enterprise investigation shows that Yang Huiyan has stepped down as the chairman of Zengcheng Country Garden Property Development Co., Ltd..