• 2025-04
    22

    On April 22, WTI May crude oil futures closed down $1.60, a 2.47% drop, at $63.08 per barrel. Brent crude oil futures for June closed down $1.70, or 2.50%, at $66.26 per barrel. NYMEX May natural gas futures closed down 7.06% at $3.0160 per million British thermal units.

  • On April 21st, White House Press Secretary Levitt stated in an interview that US President Trump supports Defense Secretary Hedgehog and stated that Hedgehog did not share any confidential information in the “Signal” chat group. In addition, Hegesi also confirmed on the same day that he had a phone call with US President Trump and stated that they would “continue to fight to the end”. Trump also stated on the 21st that Hegesi has done an excellent job.

  • On April 21st, Russian President Putin stated in an interview that Russia has always held a positive attitude towards ceasefire, which is why he proposed the Easter ceasefire initiative. He emphasized that the Russian side hopes that Ukraine will also hold a positive attitude towards the peace initiative. Putin said that Russia should summarize the experience of the Easter temporary ceasefire. Putin also stated that the Ukrainian military has violated the temporary ceasefire proposal almost 5000 times, but overall activity has decreased. When discussing the proposal not to strike civilian infrastructure, Putin stated that it is necessary to conduct research on it. Putin pointed out that Ukrainian authorities use civilian infrastructure for military purposes. He stated that Russia will analyze the proposal to suspend strikes on civilian infrastructure and provide a response.

  • On April 21st, Nal Corporation (002825. SZ) released its first quarter report for 2025, achieving a revenue of 503 million yuan during the reporting period, a year-on-year increase of 24.33%; The net profit attributable to shareholders of the listed company was 68.7833 million yuan, a year-on-year increase of 201.41%.

  • On April 21st, Yachuang Electronics (301099. SZ) released its annual report, stating that the company achieved a revenue of 3.61 billion yuan in 2024, a year-on-year increase of 46.14%; Net profit was 124 million yuan, a year-on-year increase of 132.79%. We plan to distribute a cash dividend of 3 yuan (including tax) for every 10 shares, and increase the capital reserve by 3 shares for every 10 shares held by all shareholders.

  • On April 21st, Dazu Laser (002008. SZ) announced that its operating revenue for 2024 was 14.771 billion yuan, a year-on-year increase of 4.83%; The net profit attributable to shareholders of the listed company was 1.694 billion yuan, a year-on-year increase of 106.52%. The company plans to distribute a cash dividend of 3.5 yuan (including tax) for every 10 shares.

  • On April 21st, Keyuan Pharmaceutical (301281. SZ) released a restructuring report, stating that the company plans to issue shares to 38 counterparties, including Linuo Investment Holding Group Co., Ltd. and Linuo Group Co., Ltd., to purchase its 99.42% stake in Hongjitang. At the same time, the company plans to issue shares to no more than 35 specific targets to raise matching funds, with a total fundraising amount not exceeding 700 million yuan. The main business of the target company is the R&D, production and sales of traditional Chinese patent medicines and simple preparations, health products, muscone and other products. After the completion of this transaction, the main business of the listed company will be extended to traditional Chinese patent medicines and simple preparations, health products, muscone and other fields.

  • On April 21st, some futures varieties closed at night, with soybean and corn up over 1%, coke up about 0.5%, and rebar up over 0.2%. White sugar, soda ash, low sulfur fuel, and coking coal closed down at most 0.53% in the evening session, fuel fell 1.04%, palm oil fell 1.19%, and No. 20 gum fell 1.78%.

  • 2025-04
    21

    On April 21st, based on the first breakthrough of 1.4 trillion catties of grain production in China in 2024, the Market Early Warning Expert Committee of the Ministry of Agriculture and Rural Affairs released the “China Agricultural Outlook Report (2025-2034)” on April 20th, predicting that with the accelerated development of agricultural technology, China’s ability to guarantee the supply of grain and important agricultural products will be comprehensively improved in terms of quantity and quality in the next decade, and the comprehensive benefits and competitiveness of agriculture will be significantly enhanced. The report predicts that by 2025, China’s ability to guarantee food and important agricultural products will continue to strengthen, and the high-quality development of agriculture will reach a new level. In terms of grain production, with the continuous increase in the promotion of large-scale yield improvement and the increasing enthusiasm of farmers for planting and local grain production, the annual grain output is expected to reach 709 million tons, a slight increase from the previous year; Among them, the production of rice, wheat, and corn is expected to increase by 0.5%, 0.9%, and 0.2% respectively compared to the previous year, while soybean production will reach 21.17 million tons, an increase of 2.5% compared to the previous year.

  • On April 21st, according to a research report by CITIC Securities, the humanoid robot Half Horse has received widespread attention. After the competition, there has been a discussion about whether the performance of humanoid robots is a “crash” or a progress in the industry. CITIC Securities believes that the industry is still in the early stage of mass production, and the problems exposed on site will force the industry to optimize and upgrade. As the best carrier of embodied intelligence, humanoid robots are the main battlefield of AI technology competition between China and the United States, with vast long-term space. It is recommended not to be confined to “humanoid” and deeply explore investment opportunities for “AI+robots”. For example, the commercialization of exoskeleton robots, dexterous hands, and sensors in these three directions will be faster. The pace of mass production in these directions is not necessarily based on the mass production of humanoid robots, and there is hope for continuous data verification in the future.