Category: Flash News

On April 13th, AVIC Optoelectronics recently stated in an institutional survey that the company attaches great importance to the price fluctuations of major raw materials such as gold and has included them in the special cost control work; On the research and development side, the company starts with coating technology, explores alternative solutions for gold coatings, and optimizes related technologies and processes to improve usage efficiency and benefits; In addition, the company has also launched gold leasing business to reduce the cost of gold usage. Overall, the rise in prices of bulk raw materials, especially gold, has a controllable impact on the company’s operating costs.

On April 13th, in response to US President Trump’s recent threat to impose tariffs on drugs, the chairman of leading Indian pharmaceutical company Walkhardt stated that if the US imposes tariffs on drugs, it will ultimately harm the interests of the American people. The main reason is that drug conversion is not an easy task, as the approval process of the US Food and Drug Administration takes several years. Therefore, I believe that no matter how many tariffs are imposed, the vast majority of the costs will ultimately be passed on to the US healthcare system. Secondly, even if one wants to establish a factory in the United States to produce drugs in the future, the cost will significantly increase and the existing price advantage will be completely eliminated. (CCTV Finance)

On April 13th, an investor asked whether the company has met the disclosure criteria for obtaining a 500 million yuan order for humanoid robots? Hanwei Technology stated on the interactive platform that the above information is untrue. The company will actively promote business development in the future and obtain more orders as soon as possible.

On April 13th, CITIC Securities Research reported that due to the limited economic significance of excessively high “irrational” tariffs in calculating tax rates, the significant increase in US bond interest rates this round is mainly due to the heavy selling of US bonds in the face of increasing credit and liquidity risks, which has reduced their function as traditional “safe haven assets”. In history, the announcement of US tariff increases has often been accompanied by short-term increases in US bond yields, but neither China nor the United States has shown a negotiating attitude in this round. In the short term, the trade friction between China and the United States may continue to escalate, and the magnitude of this tariff increase has reached an irrational level. Recent transactions have mainly focused on tariffs rather than economic data and fundamentals. In the short term, the US bond interest rate center may move upward, with wide fluctuations, and the amplitude of “irrational” tariff policies is relatively large. In the medium to long term, after the easing of trade frictions, if the fundamentals of the United States do not experience significant fluctuations and the US dollar remains the international reserve currency, due to the significant increase in interest rates during the tariff game in the early stage, coupled with subsequent interest rate cuts, US bonds may strengthen and the interest rate center may shift downwards.

On April 13th, CITIC Securities Research Report stated that overall, it is recommended to focus on the constraints faced by Trump rather than speculate on his intentions, using the US economy and US Treasury rates as key variables to predict the direction and pace of the trade war. Under various constraints, it is expected that the probability of the Sino US economic and trade conflict spreading to the financial sector before the US midterm elections is low; It is expected that the domestic policy response in April will mainly focus on prevention and pilot projects, and the policy scale will be expanded in the middle of the year. With the firm determination of central Huijin and other entities to stabilize the market, the short-term “chip bottom” of A-shares has been seen. From April to May, trading opportunities in technology themed markets may be the main focus, while fundamental expectations may stabilize in the third quarter. At that time, core assets in consumption, advanced manufacturing, and cycles will clearly dominate, marking the most important style switch since 2021.

On April 13th, data from the central bank showed that as of the end of March, the balance of domestic and foreign currency deposits was 322.11 trillion yuan, a year-on-year increase of 6.9%. At the end of the month, the balance of RMB deposits was 315.22 trillion yuan, a year-on-year increase of 6.7%. In the first quarter, RMB deposits increased by 12.99 trillion yuan. Among them, household deposits increased by 9.22 trillion yuan, non-financial enterprise deposits increased by 1.74 trillion yuan, fiscal deposits increased by 819 billion yuan, and non banking financial institution deposits increased by 309 billion yuan. At the end of March, the balance of foreign currency deposits was $959.8 billion, a year-on-year increase of 15.3%. Foreign currency deposits increased by $106.9 billion in the first quarter.

On April 13th, Zhenxin Technology (300101. SZ) announced that the company’s board of directors has decided not to submit an interim proposal to the controlling shareholder Chengdu Guoteng Electronics Group Co., Ltd. for review at the 2024 annual general meeting of shareholders. The temporary proposal involves increasing the number of board members and revising the company’s articles of association, but the proposal does not clearly determine the exact number of board members, and lacks internal resolution authorization from Guoteng Electronics Group, which does not comply with relevant regulations. Meanwhile, the proposal is clearly controversial and the timing and conditions are not yet ripe. In order to maintain the stability and development of the listed company, protect the interests of all shareholders, and avoid corporate governance risks, the board of directors has decided not to submit this temporary proposal.

On April 13th, Huajin Capital (000532. SZ) announced that the company has received a notice from its controlling shareholder Huafa Technology that its upper level equity structure is expected to undergo changes. According to the notice from Zhuhai State owned Assets Supervision and Administration Commission, Huafa Group and Zhuhai Gree Group will jointly establish Zhuhai Science and Technology Industry Group Co., Ltd. Huafa Group will inject some equity and assets (including Huafa Technology equity) into Zhuhai Science and Technology Group. After integration, Zhuhai Technology Group will become a shareholder of Huafa Technology, which will remain the controlling shareholder of Huajin Capital and the actual controller will still be the Zhuhai State owned Assets Supervision and Administration Commission. This equity structure change will not have a substantial impact on the operation and production activities of Huajin Capital.

On April 13th, in the 12 months ending in March, Apple assembled iPhones worth $22 billion in India, with production increasing by nearly 60% compared to the previous year. According to informed sources, the Cupertino, California based company currently produces 20% of iPhones, or one-fifth, in South Asian countries.

On April 13th, according to the news released by the Masila TV station controlled by the Houthi armed group in Yemen in the early morning of the 13th local time, the US military carried out five airstrikes on Marib Province in Yemen that day. According to the Masila TV station controlled by the Houthis, on April 12th local time, several Yemeni provinces including Hodeidah, Beida, and Sada were hit by US airstrikes.