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Sector News

-Express delivery companies in Guangdong and Zhejiang provinces are raising prices for e-commerce clients by around 0.3 to 0.7 yuan per parcel, with a bottom-line price of 1.4 yuan per order set.

Co Focus

-Alibaba has restructured its business segments, transitioning from the previous model of “6 major business groups + other businesses” to a new framework comprising Alibaba China Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and all other businesses.

-Goldman Sachs set new target price for Cambricon (688256 CH) to cny 1835.

-Ganfeng Lithium said on its earning briefing that current inventory of lithium salt products at extreme low level of around 1 week with inventory of lithium ore keeps at safe level.

-BYD held new product launch conference in Malaysia and announced to build up local CKD, which will be put into production in year 2026.

Aug 22 Block Trade Info

*Discount

-Xgimi Tech(688696 CH) saw 19 block trades worth 95.87mn at 110.75yuan per share, 8.89pct discount from last closing.

-Intellifusion Tech (688343 CH) saw 16 block trades worth 50.15mn at 62.61yuan per share, 20.84pct discount from last closing.

-Everprox Tech (300548 CH) saw 2 block trades worth 96.00mn at 80.00yuan per share, 21.39pct discount from last closing.

-Roshow Tech (002617 CH) saw 2 block trades worth 124.61mn at 7.20yuan per share, 9.55pct discount from last closing.

*Flat

-Zijin Mining (601899 CH) saw 1 block trade worth 80.57mn at 20.66yuan per share, flat from last closing.

-Qinhuangdao Port (601326 CH) saw 1 block trade worth 84.97mn at 3.38yuan per share, flat from last closing.

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