Author: xjadmin

On May 9, at 05:10 on May 9, 2025, the Shanghai center Meteorological Observatory updated the yellow gale warning signal as the blue gale warning signal: according to the analysis of the latest meteorological data, the wind in the city has weakened, and it is expected that there will still be 7-8 gusts in the daytime today, and the yellow gale warning signal is updated as the blue gale warning signal. Please pay attention to prevent the adverse effects of gale on aerial work, transportation, facility agriculture, etc.

On May 9th, the China Association of Listed Companies released the 2024 operating performance report of Chinese listed companies on May 8th, which showed that as of May 7th, a total of 5412 listed companies on the Shanghai, Shenzhen, and North stock exchanges have released their 2024 annual reports, except for companies with delayed disclosure. 3751 listed companies in the entire market have announced or implemented cash dividend plans for the 2024 operating year, with a total dividend amount of nearly 2.4 trillion yuan, setting a new historical high. Data shows that in 2024, all listed companies in the market achieved a revenue of 71.98 trillion yuan, with a year-on-year increase of 1.46% and a month on month increase of 8.11% in the fourth quarter. The marginal performance of listed companies has improved, with nearly 60% of companies achieving positive revenue growth. In addition, the first quarter report data of listed companies in 2025 shows that the consumer market continues to heat up and the development momentum is gradually released. The net profit of all listed companies in the market reached 1.49 trillion yuan, a year-on-year increase of 3.55% and a month on month increase of 89.71%. 4084 companies achieved profitability in the first quarter, further consolidating the upward trend. (China Securities Journal)

On May 9th, Microchip Technology’s adjusted EPS for the fourth quarter was $0.11, with analysts expecting $0.1; Net sales for the fourth quarter were $970.5 million, with analysts expecting $962.7 million; It is expected that net sales for the first quarter will be between 1.02 billion and 1.07 billion US dollars, with analysts expecting 983.5 million US dollars.

On May 9th, DraftKings Inc. (DKNG) reported a first quarter revenue of $1.41 billion, with analysts expecting $1.46 billion; Expected annual revenue of 6.2-6.4 billion US dollars, the company originally expected 6.3-6.6 billion US dollars.

On May 9th, Coinbase’s total revenue for the first quarter was $2.03 billion, with analysts expecting $2.11 billion; Adjusted EBITDA for the first quarter was $929.9 million, with analysts expecting $971.1 million; The transaction revenue for the first quarter was 1.3 billion US dollars, with analysts expecting 1.33 billion US dollars; Subscription and service revenue for the first quarter was 698 million US dollars, with analysts expecting 702.5 million US dollars; Expected subscription and service revenue for the second quarter is between $600 million and $680 million.

On May 9th, Pinterest’s first quarter revenue was $855 million, with analysts expecting $846.3 million; The monthly active users in the first quarter were 570 million, with analysts expecting 163.9 million; The unit user revenue (ARPU) for the first quarter was $1.52, with analysts expecting $1.5. The company expects a revenue of $960 million to $980 million in the second quarter, with analysts expecting $963.7 million; The company expects its revenue to increase by 12% -15% in the second quarter.

On May 9, US President Donald Trump is urging members of Congress to raise the tax rate on some of the richest Americans to offset other tax cuts in his landmark economic plan. According to informed sources, Trump’s proposal includes establishing a new 39.6% tax rate bracket for individuals with an annual income of at least $2.5 million or couples with a combined income of $5 million. The current highest tax rate for individuals is 37%. According to a source, Trump made this request on Wednesday when calling House Speaker Mike Johnson and reiterated his desire to cancel the carried interest tax benefits enjoyed by venture capital and private equity fund managers.

On May 9th, the Indian Integrated Defense Staff Headquarters reported that Pakistan has used missiles and drones to attack multiple locations in the Indian controlled Kashmir region. Subsequently, the Indian Ministry of Defense also issued a statement stating that the international borders of Jammu and Kashmir were attacked by Pakistani drones and missiles, and that the threat had been resolved using kinetic and non kinetic weapons in accordance with established standard operating procedures. There are currently no reports of casualties or material damage. Regarding the Indian side’s claim, Pakistani Minister of Information and Broadcasting Tarar stated during a live television broadcast that the information is untrue. The Pakistani Ministry of Foreign Affairs also issued a statement denying it.

On May 9, on the occasion of commemorating the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression, the Great Patriotic War of the Soviet Union and the founding of the United Nations, China and Russia issued a joint statement on further deepening the China Russia comprehensive strategic partnership of coordination in the new era. Both sides pointed out that certain countries and their allies use unilateral and illegal restrictive measures such as trade and financial restrictions to significantly increase tariffs and other non market competition methods, which have a negative impact on the world economy, undermine fair competition, obstruct international cooperation to address common challenges faced by all mankind, including hindering the maintenance of global food security, energy security, and the achievement of the United Nations Sustainable Development Goals. Both sides condemn the despicable acts of bypassing the United Nations Security Council, violating the United Nations Charter and international law, obstructing justice, and violating World Trade Organization rules. Both sides believe that the risks of global trade fragmentation, discriminatory measures, and increasing violations of trade restrictions are increasing. Individual countries have declared excessive tariffs on their trading partners under various pretexts, seriously infringing on the legitimate rights and interests of all countries, violating the rules of the World Trade Organization, seriously damaging the rules based multilateral trading system, and seriously impacting the stability of the global economic order. Both sides firmly oppose illegal unilateral bullying measures and unilateral protectionism measures that seriously undermine the international economic and trade order and have a negative impact on the global industrial and supply chains, such as the indiscriminate imposition of tariffs and the abuse of export controls.

On May 8th, Galaxy Securities Research reported that on May 7th, the State Council Information Office held a press conference on “a package of financial policies to support market stability and expectations”, which mentioned “reducing the interest rate of personal housing provident fund loans by 0.25 percentage points” and introduced the acceleration of the introduction of a series of financing systems that are compatible with the new model of real estate development, to help continuously consolidate the stable situation of the real estate market. This time, the loan interest rates related to home purchases have been lowered, and it has been mentioned that incremental financing support policies will be introduced, including real estate development, personal housing, urban renewal, and other aspects. The research report believes that with the continuous promotion of policies, the threshold for residents to purchase houses is expected to be lowered, and the rigid and improved housing needs of residents are expected to be further supported. Under the support of policies, the allocation value of the real estate sector is highlighted. The research report believes that top real estate companies demonstrate excellent operational and management capabilities with financial advantages, and their market share is expected to further increase.