In the first half of 2024, electric car sales in Europe only increased by 1%, far below the global average level.
In the first six months of 2024, Europe's electric car market performed somewhat weakly, with a growth rate of only 1%, far lower than the global average growth rate of 20%.
Intraday Quick Look | Hong Kong stocks opened high and fell low, the technology index fell nearly 1%, network technology and gaming stocks weakened, tencent music fell over 17% after the results.
Most network technology company stocks fell, with Netease falling more than 4%, Tencent falling nearly 2%, Ctrip Group falling more than 1%, while SenseTime, Meituan and others followed suit; Baidu and Bilibili saw a slight increase.
The annual top event of the integrated circuit industry is about to be held, and the recovery of the semiconductor prosperity is expected to continue.
On August 16, 2024, the top annual event in China's integrated circuit industry, the 2024 China (Shenzhen) Integrated Circuit Summit (referred to as the 'ICS2024 Summit'), will be grandly held in Shenzhen. Yongzheng Ma of Shanghai Securities believes that the semiconductors will achieve preliminary repair in 2024H1, and the recovery of the sub-sectors' prosperity is expected to continue in 2024H2.
The policy is consistently getting stronger, and the power grid sector is expected to enter a period of significant growth.
The National Energy Administration issued the "Implementation Plan for High-Quality Development of Distribution Network Action (2024-2027)". Focusing on promoting the construction and transformation of four batches of tasks. The new team of Guojin Electric pointed out that heavy policy will be frequently introduced in the power reform of 2023, and the policy will continue to be intensified in 2024. Power reform has entered a clear guidance period and will be the main line for at least two years in the future.
AI server revenue increased by over 230% year-on-year, Foxconn Industrial Internet's H1 performance reaches a new high | Interpretations.
① Foxconn Industrial Internet's H1 revenue and profits both hit a new high in the same period since it went public; ② The company's AI server business revenue continues to grow and increased by 230% in the first half of the year; ③ Regarding the next generation AI servers for customers, Foxconn Industrial Internet stated in its financial report that the company's production capacity is sufficient and downstream order visibility is high.
Danhua Chemical Technology has been sued for false statements and is being claimed for 0.133 billion yuan by a major shareholder. The company believes that it is compliant.| Quick read the announcement.
① Danhua Chemical Technology was sued by its major shareholder, Jilin Fengchengshun, who claimed that the company made false statements in its non-public stock issuance in 2015, and demanded compensation of 0.133 billion yuan for its losses. ② The company told reporters that it complies with regulations and does not believe that the content of the indictment is factual or that it engaged in illegal behavior. ③ The projects funded by these raised funds have incurred long-term losses in recent years, and the investors who participated in the issuing suffered substantial losses.