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Midea Group Co., Ltd. (000333): The resilience of domestic sales continues to drive high growth, while the efficiency of operations continues to improve.
The company disclosed its third quarter report: The company achieved revenue of 318.975 billion yuan in the first three quarters of 2024, a year-on-year increase of 9.57%, and achieved a net income attributable to the parent company of 31.699 billion yuan, a year-on-year increase of 14.37%, realising
Shanghai promotes consumer upgrading and expansion of automobile and green home consumption.
Shanghai Municipal Commission of Commerce and other 12 departments issued the "Implementation Opinions on Better Utilizing Consumer Credit to Promote the Improvement and Upgrading of Consumption", with the goal of launching a number of leading high-quality, diversified, and integrated new consumer scenes in the fields of commerce, culture and tourism, sports, education, and civil affairs by the end of 2026; commercial banks, consumer finance companies, and automobile finance companies and other financial institutions fully leverage their respective competitive advantages and differentiation, professional positioning, combine with the demand for innovative consumer scenes, launch a number of personalized, customized consumer credit products, forming a new trend of mutual promotion and integration between consumer scenes and consumer credit.
Hong Kong stocks are moving abnormally | Home appliance stocks rose in the afternoon, with singles' day sales growth potentially stronger than in previous years. The sinking market will relay to drive the release of new demand.
The home appliances sector rose in the afternoon, as of the time of publication, hisense ha (00921) increased by 4.83%, to 26.05 Hong Kong dollars; midea group co., ltd (00300) rose by 3.5%, to 72.5 Hong Kong dollars; vesync (02148) rose by 2.07%, to 3.94 Hong Kong dollars; haier smarthome (00669) rose by 0.83%, to 109.2 Hong Kong dollars.
CICC in "Dah Sing": MSCI China Adjustment, Focus on Positive Impact on Ctrip (09961.HK), Nio Inc (09866.HK), and Alibaba (09988.HK)
CICC's report pointed out that MSCI's adjustment to China focuses on the potential positive impact on Ctrip-S (09961.HK), Nio-SW (09866.HK), and Alibaba-W (09988.HK); and the potential negative impact on Meituan (06110.HK), GAC (02238.HK), and iQIYI (IQ.US). In terms of the absolute change in weights, CICC calculated that due to this adjustment, Alibaba, Ctrip Group, Kuaishou-W (01024.HK), Nio, and Tianfeng Securities (601162.SH) rank high in weight increases.
Guolian Securities: Domestic sales of household appliances may be entering a crucial moment of shifting gears, with the advantage of 'price bands + channels'.
Driven by the "trade-in old for new" policy, domestic appliance sales may be entering a crucial moment, with significant subsidy sales scale and prominent elasticity of off-season categories.
"Fortune" praises the list of top chinese companies, with companies like Tencent and jd.com standing out in the internet technology sector.
Fortune magazine released the '2024 Most Admired Chinese Companies' list, in which the performance of internet technology companies is particularly outstanding, with a total of 9 companies on the list. Companies like Tencent (00700.HK) and JD.com (09618.HK) have significantly improved their rankings compared to last year. Other companies on the list include ByteDance, Xiaomi (01810.HK), Alibaba (09988.HK), KE Holdings (02423.HK), Didi Global, Meituan (03690.HK), and Trip.com (09961.HK).
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