DZ20240403

 

Industrial Economy

*NDRC and other 3 departments jointly revised and issued the “Implementation Plan for Actively Responding Population Emissions Project and Nurturing Construction” during the 14th Five-Year Plan period, which proposed to guide financial institutions to provide support for enterprises and institutions that benefit the elderly.

*The National Data Administration publicly solicited opinions on “Guiding Opinions on Deepening the Development of Smart City and Promoting Urban Digital Transformation”, which proposed to promote the construction of urban computing power networks as a whole.

*Ministry of Ecology and Environment: The policy document on strictly controlling the chemical production and construction project of hydrofluorocarbons has been drafted and started to solicit opinions from relevant parties.

 

Financial

*General Office of the State Council issued the “Implementation Plan for Constructing Financing Credit Service Platform to Enhance the Financing Convenience Level of Small and Medium-sized Enterprises”.

 

Data

*CPCAAUTO: It is estimated that the wholesales of new energy passenger vehicles nationwide in March will reach 820k units, up 33% y/y and up 84% m/m respectively.

*Shanghai implement a new round of green and smart household appliance consumption subsidy policy, with the total amount of funds subsidized of cny 150mio from March 30th to December 31st 2024, in order to further unleash the consumption potential of green and smart household appliances, promote the replacement of old appliances with new ones and energy conservation and emission reduction.

 

Company Announcements

 

Major Events

-CHINA TIANYING (000035 CH): The subsidiary signed a cooperation agreement for the integrated project of cny 16.95bn in wind energy storage and hydrogen-ammonol.

 

2023 Earning Reports

Ups

-KWEICHOW MOUTAI (600519 CH): net income cny 74.734bn, up 19.16% y/y. It plans on cash div 308.76yuan per 10 shrs.

-CHINA MERCHANTS EXPRESSWAY (001965 CH): net income cny 6.767bn, up 39.19% y/y. It plans on cash div 5.31yuan per 10 shrs.

-JDCMOLY (601958 CH): net income cny 3.099bn, up 132.19% y/y. It plans on cash div 4yuan per 10 shrs.

 

Downs

-AZURE (002245 CH): net income cny 141mio, down 62.78% y/y. It plans on cash div 0.15yuan per 10 shrs.

-CHONGQING WATER (601158 CH): net income cny 1.089bn, down 43% y/y. It plans on cash div 1.69yuan per 10 shrs.

 

Share Repo

-TIANNENG BATTERY GROUP (688819 CH): co plans on shr repo of cny 50-100mio.

 

*Margin Trade

 

*Connection Trade

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

* Commodities (night session):

* Global crude oil price closed up collectively. May NYMEX crude oil contract up 2.07% to closed at $85.44/b, June Brent contract up 2.09% to closed at $89.25/b. INE crude oil active contract up 1.86% to 658.0 yuan/b.

* Precious metals closed up significantly, COMEX gold active contract up 1.94% and closed at $2301/oz. SHFE gold active contract up 1.29% and closed at 538.44 yuan/gram.

* Metals closed up mostly, LME nickel up 1.65, LME zinc and LME copper up 1.62%, LME aluminum up 1.5%. LME lead down 1.65%. SHFE nickel up 0.88%, SHFE aluminum up 0.58%, SHFE zinc up 0.55%. SHFE lead down 0.27%.

* Commodity futures closed up collectively, chemistry and energy products closed up mostly, soda ash up 2.3%, LPG up 1.76%, low sulfur fuel oil up 1.18%. Black series closed up collectively, coking coal up 2.33%, coke up 1.85%, iron ore up 1.17%. Agricultural products closed up collectively, RBD palm olein up 2.55%, rapeseed oil up 1.61%, soybean oil up 1.2%.

 

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