Category: Flash News

On March 21st, Yehia Sareya, spokesperson for the Houthi armed forces, made a speech in the early morning of the 21st local time, stating that the Houthi armed forces successfully attacked military targets in southern Yafa, Israel using the “Palestine 2” hypersonic missile. This is the second similar attack within 24 hours.

On March 21st, since the beginning of 2025, the overall returns of Fund of Funds (FOF) products have rebounded. According to Wind data, as of March 19th, over 90% of the 916 FOF products in the market (calculated separately for different shares) have achieved positive returns this year, with over 200 FOF products yielding over 5%. In recent years, investors have continued to focus on diversified asset allocation and prudent investment strategies. FOF, as an important tool for diversified asset allocation, is highly favored by investors. Some FOF fund managers have stated that the A-share market will improve in 2025, and the recovery of equity assets will become an important driving force. The overall performance of FOF still has significant upward potential. (China Securities Journal)

On March 21st, the new fund issuance market is surging with a new fund issuance scale exceeding 200 billion yuan since the beginning of this year. Among them, the issuance of equity funds has significantly rebounded, with a significant increase in scale compared to the same period last year, and as many as 30 funds with an initial offering size exceeding 1 billion yuan. Equity funds are also a key direction for public offerings, with nearly 80 equity funds currently or soon to be issued, and potential incremental funds in the future. (Shanghai Stock News)

On March 21st, with the disclosure of 2024 annual reports, dividend plans for listed companies’ annual reports have been unveiled one after another. Data shows that as of the evening of March 20th, 202 listed companies have released their 2024 annual reports, of which 168 companies plan to distribute annual cash dividends, accounting for over 80%. According to statistics, the total cash dividends of these 168 companies in 2024 reached 174.718 billion yuan, significantly higher than the dividend level in 2023. Overall, the 168 companies that have announced their dividend plans for the 2024 annual report exhibit the “three highs” characteristics of high dividend amounts, high proportions, and high frequency. (Shanghai Stock News)

On March 21st, the “Friends of Peace” group for the Ukrainian crisis held a meeting in New York on March 20th local time to discuss the latest developments in the Ukrainian conflict, recent developments in peace negotiations, and prospects for achieving lasting peace. After the meeting, the group issued a joint statement reaffirming its position on resolving the conflict through political negotiations and diplomatic means, and calling for an immediate comprehensive ceasefire.

On March 21st, Slovak Prime Minister Fizo emphasized at an EU summit on March 20th that the EU’s military aid plan for Ukraine should be based on voluntary member states, and Slovakia cannot be forced to allocate 250 million euros from its budget for military aid to Ukraine, which would undermine other domestic priorities. Fizo stated that EU member states share the same view on enhancing European security, but there are still different positions among member states regarding aid to Ukraine. The EU Council must respect the free decision-making power of each member state in providing military assistance to Ukraine. Otherwise, Slovakia will not agree to the aid plan. Fizo reiterated that Slovakia will not provide any funding or military assistance to Ukraine.

On March 21st, the childcare subsidy system is accelerating its implementation. This year’s government work report proposes to formulate policies to promote childbirth and provide childcare subsidies, sending a strong policy signal. On March 16th, the General Office of the Communist Party of China and the General Office of the State Council issued the “Special Action Plan to Boost Consumption”, proposing to increase the guarantee of childbirth and child rearing, and to study the establishment of a child rearing subsidy system. Many regions across the country have actively responded and successively introduced detailed policies on maternity subsidies, using flexible and diverse support measures to boost fertility willingness and alleviate population pressure. Industry experts have stated in interviews that policies promoting childbirth will open up vast market space and development opportunities for the mother and baby industry chain. From assisted reproduction to postpartum repair, from infant and toddler food to health services, various sub sectors are expected to benefit from it and usher in a new round of growth. (Shanghai Stock News)

On March 21st, US Steel expects an adjusted loss of $0.49-0.53 per share for the first quarter, with analysts expecting a loss of $0.32. It is expected that the adjusted Ebitda for the first quarter will be $125 million, analysts expect $120 million, and the company originally expected $100-15 million.

On March 21st, Nike’s third quarter revenue was $11.27 billion, with analysts expecting $11.03 billion; The third quarter EPS was $0.54, compared to $0.77 in the same period last year; In the third fiscal quarter, the Greater China EBIT was $421 million, with analysts expecting $559.4 million; The overall revenue of Nike brand in the third fiscal quarter was $10.89 billion, with analysts expecting $10.6 billion; The gross profit margin for the third quarter was 41.5%, with analysts expecting 41.9%; In the third fiscal quarter, inventory was $7.5 billion, with analysts expecting $7.48 billion.

On March 21st, Micron Technology reported adjusted revenue of $8.05 billion in the second quarter, a year-on-year increase of 38%, with an estimated $7.91 billion. Adjusted earnings per share for the second quarter were $1.56, compared to $0.42 in the same period last year, with an estimated $1.43. The company expects adjusted revenue of $8.6-9 billion for the third quarter, with analysts expecting $8.55 billion.