Popular China Securities closed with mixed ups and downs on Friday. Pop Culture, Monster Charging, etc. had the highest gains, with Zomen Education and Ganji leading the decline; Renren's cumulative annual increase exceeded 200%. The company recently released the latest financial report showing that the total net revenue for the first half of 2021 increased 91% year-on-year, and the company continued to operate with a net loss of 49.7 million US dollars in the first half of the year, completing the spin-off of Happy Auto.
Unicorn rose more than 29%, Pop Culture rose more than 25%, Monster Charging rose more than 13%, Youxin rose more than 12%, Daily Fresh and Dane Technology rose nearly 9%, NetEase Youdao rose more than 7%, Cheetah Mobile rose more than 6%, Yibang International rose more than 5%, Fangtian rose nearly 5%, Betta rose nearly 4%, Xiaopeng Motor rose nearly 3%, Sohu rose nearly 2%, Huya and Mingchuang Premium rose nearly 1%.
Head Education, Liandai Technology, and Toubao fell more than 12%, Leju fell more than 9%, Ganji dropped more than 8%, 36 krypton fell nearly 8%, Foxin Technology fell more than 6%, Happy Auto fell more than 4%, Alibaba and Ninth City fell more than 3%, Bilibili, iQiyi, China Network Cable, and Wanwusheng fell nearly 3%, NIO Auto, Zhihu, Tuniu fell more than 2%, Pinduoduo, NetEase fell nearly 2%, Baidu, Tencent ADR, and Weimei Holographic fell more than 1%.
US stocks closed down on Friday. The Dow fell 59.78 points, or 0.16%, to 36338.30 points; the NASDAQ fell 96.59 points, or 0.61%, to 15644.97 points; and the S&P 500 index fell 12.55 points, or 0.26%, to 4766.18 points.
The three major stock indexes all recorded gains of more than 18% in 2021. The S&P 500 index rose 26.89% cumulatively, recording the third consecutive year of gains. The Dow rose 18.73% in 2021, also the third year in a row. The NASDAQ rose 21.39% in 2021, recording the 9th annual increase in the past 10 years.
List of leading Chinese securities:
List of securities that are leading the decline:
Hot information
NIO Auto Announces 2022 Car Purchase Subsidy Plan: ET7 Will Begin Delivery in March Next Year
NIO Auto is currently issuing a 2022 car purchase subsidy plan. Users who pay a deposit to purchase ES8, ES6 and EC6 before December 31, 2021 (inclusive) and who have made cars before March 31, 2022 can still enjoy the subsidy according to the 2021 national subsidy standard. NIO is responsible for the difference.
According to reports, the NIO 75kWh standard battery pack model can enjoy a personal subsidy of 11,340 yuan and an enterprise subsidy of 7,938 yuan; the 100 kWh battery-packed model is subsidized 12,600 yuan, and the enterprise is 8,820 yuan.
Delivery of the NIO ET7 will begin on March 28, 2022. The price of the new car has already been announced. The ET7 will sell for 448,000 yuan before the subsidy, and 378,000 yuan before the BaaS plan will sell for 526,000 yuan before the subsidy; the first edition will sell for 526,000 yuan before the subsidy, and the BaaS plan will sell for 398,000 yuan before the subsidy.
Tencent participated in the latest round of financing for British digital bank Monzo to buy part of the latter's shares
According to British Sky News, Tencent Holdings bought part of Monzo Bank Ltd's shares, and the British fintech company's valuation exceeds 4.5 billion US dollars. People familiar with the matter revealed that Tencent participated in this round of financing was led by the Abu Dhabi Growth Fund, which raised a total of 600 million US dollars in new capital. Monzo and several other digital banks want to take a place in the retail banking market dominated by large British banks. The company has been growing rapidly. Currently, it has more than 5 million customers, and its revenue has doubled this year.
Jefferies: Give Zhihu a “buy” rating with a target price of $10.40
Investment bank Jefferies released a research report stating that Zh.US (ZH.US) was given a “buy” rating, with a target price of 10.40 US dollars.
According to Thomas Chong, an analyst at the bank, Zhihu has developed into a “high-quality and trustworthy” online content community where users can share knowledge, experience and opinions, and find answers. The analyst said that Zhihu's content-centric approach had a viral effect on users, advertisers, and content creators. He added that the company's monetization strategy is content-centered and has multiple business models.
Happy Auto appoints Wu Liang as the general manager of the NEV division
On December 31, Happy Auto (KXIN.US) announced the appointment of Wu Liang as the general manager of the company's new energy vehicle department.
Dane Technology Announces $2.5 Million Buyback Plan
TEDU.US (TEDU.US) announced today that the board of directors has authorized a share repurchase program under which the company can buy up to $2.5 million in shares over the next six months. Dane Technology will use the company's existing cash to carry out this share repurchase.
Liu Wei, chairman of 360 Digital Technology, is the chairman of Tianjin Jincheng Bank
On December 31, the approval of the Tianjin Banking Insurance Regulatory Bureau showed approval of Liu Wei's qualifications as chairman of Tianjin Jincheng Bank.
According to Tianyan Research, Liu Wei is the vice president of 360 Group and the chairman of 360 Digital Technology Group. Liu Wei has successively held positions such as the investment director of the business development department of Fosun Group, the investment director of Shanda Network, and the general manager of Ping An Innovation Fund of Ping An Group. He has many years of experience in investment management.
Yuchai International launches China's first hydrogen engine for commercial vehicles
Yuchai International (CYD.US) said its YCK05 hydrogen-powered engine recently achieved stable ignition and operation during a demonstration at Beijing Institute of Technology.
The company said the YCK05 engine was the first hydrogen engine to operate in the Chinese commercial vehicle market.
Mr. Weng Ming Hoh, President of Yuchai China, commented, “With our progress in hydrogen engine development, we have developed into a domestic company with the largest portfolio of engine technology, including traditional internal combustion engines, gas engines, hybrid engines and new energy technology.”
Hui Ze Announces Establishment of the Environmental, Social and Governance (ESG) Committee
On December 31, after approval by the board of directors, HUIZ.US (HUIZ.US) today officially announced the establishment of the “Environmental, Social and Governance Committee” (“ESG Committee”) to promote the upgrading of the company's ESG governance system and enhance Huize's sustainable development capabilities.
The ESG Committee is composed of board secretaries and senior managers from key departments. Under the supervision of the board of directors, the ESG Committee is responsible for overall planning of the company's ESG strategy, development goals and work plans, and comprehensively identifying and evaluating corporate ESG risks and impacts, and providing sustainable development recommendations to the company's board of directors. At the same time, Hui Ze will set up an ESG office and corresponding executive team to assist the ESG Committee in advancing and implementing specific work items to ensure the effectiveness and consistency of ESG management.
Shanghang International H1's revenue increased 35.6% year on year, and profit and comprehensive income increased 4.3% year on year
Shang Sheng International (HKIB.US) has published its semi-annual report for the period ending June 30, 2021. According to the data, the company's total H1 revenue was HK$723 million, compared to HK$534 million in the same period last year, an increase of 35.6% over the previous year.
Other operating expenses were HK$41.8 million, down 37.3% year on year; financial expenses were HK$6.4 million, down 56.1% year on year.
Profit and comprehensive income were HK$630 million, up 4.3% year over year. Earnings per share attributable to common stock holders of the parent company were HK$2.31 compared to HK$2.39 for the same period last year.
As at 30 June 2021, the company's accounts receivable were HK$341 million, accounts payable were HK$246 million, and profit and loss on financial assets calculated at fair value was HK$1.5 billion.