Weekly Market Review | The total box office of the movie "Sheep Without a Shepherd 3" exceeds 600 million; The stock of Bloks rises by more than 80% on its first trading day; The Hong Kong IPO market shows a warm start to the year.
Weekly Market Review
A-Shares
This week (January 6 - 10), the A-share market fluctuated and declined. The Shanghai Composite Index dropped by 1.34% within the week and closed at 3169 points on January 10. The Wind All A Index decreased by 0.97% this week.
In terms of sectors, among the 31 first-level industries of Shenwan, 8 industries rose this week. Among them, the Comprehensive, Home Appliances, Nonferrous Metals, Electronics and other sectors led the gains, while the Commerce and Retail, Coal, Food and Beverage, Social Services and other sectors had the lowest gains and losses this week.
Hong Kong Stocks
The Hong Kong stock market continued to decline this week. The Hang Seng Index fell by 3.52% within the week, and the Hang Seng TECH Index dropped by 3.23% this week.
In terms of sectors, among the 12 Hang Seng Industry Indexes, only the Raw Materials sector rose this week. The Information Technology, Non-essential Consumption, Real Estate and Construction, and Utilities sectors had the largest declines this week.
US Stocks
In the US stock market, all three major indexes dropped this week. In terms of Chinese stocks, the Petroleum and Petrochemical, Semiconductor, Utilities and other sectors led the gains.
Weekly Positive News
NovoNordisk® (Semaglutide Tablets), an Oral GLP-1RA, Fully Launched in China
36kr has learned that biopharmaceutical company Novo Nordisk announced today that the world's first oral glucagon-like peptide-1 receptor agonist (GLP-1RA) - NovoNordisk® (Semaglutide Tablets) has been fully launched in China. With its convenient oral administration method, NovoNordisk® helps patients benefit from GLP-1RA drugs earlier, contributes to achieving high-quality blood sugar control and comprehensive metabolic management, and brings an innovative category to the clinical treatment of type 2 diabetes in China.
The Winter Test Results of AITO M9 Announced
On January 11, the winter test results of Hongmeng Zhixing AITO M9 were announced. In the double lane change test on compacted snow surface, the passing speed of AITO M9 is 88.6 km/h. After the vehicle was immersed in an environment with a minimum temperature of -26.8°C for 10 hours and the maximum heating was carried out for 15 minutes, the average temperature inside the AITO M9 reached 26.45°C. In the case of a following speed of 55 km/h and a following distance of 5 gears, AITO M9 actively predicted and braked, passing the snowy CCRH test. (Jiemian News)
Deutsche Bank Adjusts Bonus System to Emphasize Teamwork and Other Indicators
Deutsche Bank has adjusted the way it evaluates employees in this bonus season, expanding the performance rating range and placing greater emphasis on non-financial factors such as teamwork. According to informed sources, the German bank now has five employee performance rating levels, compared to three previously. Informed sources, who requested anonymity due to the discussion of non-public information, said that although the new standards will not affect the overall size of the bonus pool, they may mean changes in individual compensation. Some informed sources said that this decision has caused tension within the bank. A representative of Deutsche Bank declined to comment. (Sina Finance)
XPeng Motors: Currently Fully Committed to the Development of Remote Parking
XPeng Motors stated in response to user questions that the automatic parking usage rate of XPeng MONA M03 is very high, and the voice control parking has been added. Currently, the company is fully committed to the development of remote parking. It is expected that the remote straight-in and straight-out function will be available before the switch to Tianxian, making it more convenient for the vehicle to enter and exit narrow parking spaces. (Jiemian)
The Total Box Office of "Sheep Without a Shepherd 3" Exceeds 600 Million Yuan
36kr has learned that according to the data from Maoyan Professional Edition, the movie "Sheep Without a Shepherd 3" has been released for 13 days. As of 15:30 on January 9, the total box office has exceeded 600 million yuan.
36kr has learned that on January 8, the Office of the United States Trade Representative (USTR) released the so-called "2024 Notorious Markets List for Counterfeiting and Piracy". Tencent WeChat was removed from the list for the first time. The US side stated that the list is intended to expose online and physical market actors that are said to facilitate large-scale piracy and trademark counterfeiting. Tencent WeChat was included in the list twice in 2022 and 2023, but was removed for the first time this year. Tencent has strongly opposed being included in the list and emphasized to the USTR that Tencent has long been a global leader in supporting a sound intellectual property system, has made significant investments in intellectual property, and has carried out global cooperation to promote intellectual property protection.
36kr has learned that Walsin Technology stated in a specific object research that the company's performance growth in 2024 is mainly due to the increase in operating income, the improvement in gross profit margin, and the decrease in period expense ratio. The operating income of the company's electronic products, power products, wire products, and new energy vehicle business-related products has achieved varying degrees of growth. The company will maintain the overall gross profit margin at a reasonable and healthy level through multiple measures such as technological innovation, optimization of product structure, strict implementation of budget management, and continuous implementation of cost reduction and efficiency increase. In addition, the company's high-speed communication line orders are saturated, and the 224G high-speed communication line products are currently being delivered in batches. The company will continue to pay attention to market changes and maintain close contact with customers. In the future, the company will continue to focus on the technological research and development and reserve of high-speed communication line products, and maintain innovation and vitality in organization and talent. Currently, the company has a good asset structure, stable operating cash flow, and no refinancing plan for the time being. If there are relevant arrangements, the company will fulfill the information disclosure obligation in a timely manner in accordance with relevant regulations.
36kr has learned that Muyuan Foods announced that it is expected that the net profit attributable to the parent in 2024 will be 17 billion yuan - 18 billion yuan, compared with a loss of 4.263 billion yuan in the previous year. The main reason for the company's operating performance to turn from loss to profit in 2024 is that the number of live pigs sold and the average selling price of live pigs of the company increased compared with the same period last year, and the breeding cost of live pigs decreased compared with the same period last year.
36kr has learned that Yu Donglai disclosed the revenue results of Pangdailai in 2024. In 2024, the overall sales of Pangdailai Group were nearly 17 billion yuan, the tax was more than 600 million yuan, the profit was more than 800 million yuan, and the average monthly income of employees was more than 9,000 yuan.
ByteDance Accelerates Overseas Short Drama Business
It is reported that ByteDance has established an overseas short drama business team and recruited multiple positions related to the overseas short drama business, such as overseas short drama user product manager, European and American copywriter, etc. Previously, ByteDance launched a short drama APP called "Melolo" overseas, featuring a free model. This product is ByteDance's first short drama product to go overseas. The relevant person in charge of Melolo said: "Melolo is an overseas free short drama APP. By providing free short drama resources, it meets the drama-watching needs of overseas users. The product was launched in markets such as Indonesia and the Philippines in mid-November 2024 and is currently in the process of business exploration and verification." (China Securities Journal)
Boya Bio: Approved to Set Up a Single Plasma Collection Station
36kr has learned that Boya Bio announced that on January 5, 2025, it received the "Reply on Agreeing to Set Up Dalad Banner Boya Single Plasma Collection Station" issued by the Health Commission of Inner Mongolia Autonomous Region, agreeing to set up a single plasma collection station in Dalad Banner, Ordos City. The company will accelerate the construction of the single plasma collection station and the handling of relevant practice registration procedures in accordance with relevant regulations such as the "Regulations on Blood Products Management" and the "Administrative Measures for Single Plasma Collection Stations". In the future, after the completion and acceptance of the single plasma collection station, it will be beneficial to further enhance the company's supply capacity of raw plasma and improve the company's profit level.
Weekly Negative News
GAC Group: It Is Expected that the Net Profit in 2024 Will Decrease by 72.91% to 81.94% Year-on-Year
36kr has learned that GAC Group released the 2024 annual performance forecast. It is expected that the net profit attributable to the parent company in 2024 will be 800 million yuan to 1.2 billion yuan, a year-on-year decrease of 72.91% to 81.94%. The main reason is that affected by factors such as the price involution in the automotive industry and the dramatic change in the competitive landscape, the automotive sales volume has decreased. At the same time, in order to cope with market competition, the company and its investment enterprises have invested approximately 18 billion yuan in additional sales subsidies and other business policies, resulting in a year-on-year decline in the net profit attributable to the parent company in this reporting period.
After Country Garden announced the key terms of the overseas debt restructuring proposal on the evening of January 9, on January 10, a bondholder ad hoc group (AHG) stated that the key terms announced by Country Garden did not receive the support of this group, and there are differences between the two sides in aspects such as the conversion price. It is understood that this group holds more than 30% of Country Garden's "10.3 billion US dollars of outstanding offshore senior notes and convertible bonds". (The Paper)
CGN New Energy: The Electricity Generation in December 2024 Decreased by 13.6% Year-on-Year
36kr has learned that CGN New Energy announced that in December 2024, the company and its subsidiaries completed the electricity generation of 1465.6 gigawatt-hours according to the consolidated statement caliber, a year-on-year decrease of 13.6%. Among them, the wind power projects in China decreased by 17.1%, the solar power projects in China increased by 13.3%, the cogeneration and gas projects in China decreased by 20.8%, the hydropower projects in China increased by 63.7%, and the projects in South Korea decreased by 15.3%. As of December 31, 2024, the group's cumulative electricity generation this year is 19149.7 gigawatt-hours, an increase of 0.4% compared with 2023.
Ubisoft Entertainment expects that due to its strategic evaluation still in progress, the company's net booking volume in the third fiscal quarter will decline, and the release time of its blockbuster "Assassin's Creed" will also be delayed by more than a month. The French game manufacturer said that under the pressure of investors demanding its privatization, the company has appointed major advisors for strategic evaluation and postponed the release date of "Assassin's Creed" from February 14 to March 20. This is the second time the game's release has been postponed. (Sina Finance)
Sunac Received a Winding-Up Petition in Hong Kong
According to the judicial institution website, China Cinda (Hong Kong) Asset Management Co., Ltd. has filed a winding-up petition against Sunac China in Hong Kong, and the hearing is scheduled for March 19. (Jiemian)
*ST Dayao: The Company's Stock May Be Terminated from Listing
36kr has learned that *ST Dayao announced that after the disclosure of the 2024 annual report, the company's stock may be decided to be terminated from listing by the Shanghai Stock Exchange. In addition, the company's stock has closed with a market capitalization of less than 500 million yuan for 5 consecutive trading days. According to the relevant regulations, if the market capitalization of the company's stock closes below 500 million yuan for 20 consecutive trading days, the Shanghai Stock Exchange will decide to terminate the listing of the company's stock, which is a trading-based mandatory delisting. The company's stock may be first terminated from listing by the Shanghai Stock Exchange due to touching the trading-based delisting indicator before the disclosure of the company's 2024 annual report.