Jinri Toutiao

Biden signs Chip and Science Act

U.S. president Joe Biden signed the Chip and Science Act at the White House on the 9th. The bill provides huge subsidies to the domestic chip industry and requires any company that receives US subsidies to make chips in the United States.

The legislation includes more than $52 billion (351.2 billion yuan) in subsidies for the U.S. chip industry to encourage semiconductor chip manufacturing, including a tax credit for investment in chip factories worth about $2.4 billion, and to support ongoing research in the chip field. At present, the development of many industries around the world is restricted by the "chip shortage". Some experts said that the US chip bill cannot completely alleviate the persistent shortage of chips caused by supply chain problems, it will take several years for new production lines to be established, and production and operating costs will also push up the price of "made in the United States" chips. Related Hong Kong stocks include Semiconductor Manufacturing International Corporation (00981), Hua Hong Semiconductor (01347), time Electric (03898) and so on.

General trend prospect

Us semiconductor stocks tumbled more than 4 per cent on Tuesday

By the close of trading overnight, the Dow was down 56.29, or 0.17%, at 32776.25; the S & P 500 was down 16.50, or 0.40%, at 4123.56; and the Nasdaq composite index was down 150.53, or 1.19%, at 12493.93. Us semiconductor stocks tumbled more than 4 per cent on Tuesday, dragging down the Nasdaq by more than 1 per cent. The ADR index of Hong Kong stocks fell to close at 19944 on a pro rata basis, down 58.61 points or 0.29% from the close in Hong Kong.

Hot spot prospect

It is rumored in the market that cobalt metal will be collected and stored strategically.

According to the China Securities Daily, the price has risen by more than 42000 yuan per ton a day, and cobalt metal will be strategically stored? Industry insiders said: it is true. Related Hong Kong stocks include China Molybdenum (03993).

National Healthcare Security Administration informed Guangzhou Baiyunshan Tianxin Pharmaceutical and other three enterprises about falsely increasing the price of raw materials and raising the price of drugs to obtain funds.

National Healthcare Security Administration issued a circular about three enterprises, including Tianxin Pharmaceutical, falsely increasing the price of raw materials and raising the price of drugs to obtain funds: recently, National Healthcare Security Administration, together with relevant departments, according to relevant clues Guide the relevant provinces to conduct a special investigation on the overpricing of drugs in three enterprises, including Guangzhou Baiyunshan Tianxin Pharmaceutical Co., Ltd., Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. Baiyunshan Pharmaceutical General Factory, Guangzhou Baiyunshan Jingxiutang Pharmaceutical Co., Ltd., and Guangzhou Baiyunshan Jingxiutang Pharmaceutical Co., Ltd. Related Hong Kong stocks include Baiyunshan (00874).

COVID-19 's diagnosis and treatment plan is included in Azvudine.

On August 9, the National Health Commission issued the notice on bringing Azvudine tablets into COVID-19 's diagnosis and treatment plan, bringing COVID-19 's oral medicine Azvudine tablets into COVID-19 's diagnosis and treatment plan. On August 4, the Hong Kong Stock Exchange disclosed the listing application of Real Biology. Companies that have announced cooperation with real biology include Shandong Xinhua Pharmaceutical (00719), China Resources Shuanghe, Aoxiang Pharmaceutical and Shanghai Fosun Pharmaceutical (02196).

With policy support, the average annual investment in nuclear power is expected to exceed 100 billion.

Wang Shoujun, president of the Chinese Nuclear Society, said at the 29th International Congress of Nuclear Engineering on August 9 that China is expected to further accelerate the expansion of its installed capacity between 2022 and 2025, maintaining the approved start-up pace of 6-8 nuclear power units a year, with an installed capacity of about 70 million kilowatts in 2025. By 2035, China's nuclear power will account for 10% of the total electricity generation.

In April 2022, the executive meeting of the State Council approved the project of six nuclear power units, the largest number in recent years. On June 16 this year, Meng Wei, deputy director of the political research department of the National Development and Reform Commission, said at a news conference that in terms of ensuring energy security, it is necessary to step up the construction of a number of nuclear power and hydropower projects. Related Hong Kong stocks include Shanghai Electric (02727), Harbin Electric (01133), Dongfang Electric (01072), CGN Power Co.,Ltd. (01816), Zhongguang Nuclear Mining (01164) and so on.

Passenger Association: sales of new energy passenger cars will be raised to 6 million in 2022

The Federation of passengers pointed out that according to the data of the Federation of passengers, 2.466 million new energy passenger vehicles were wholesale from January to June, an increase of 122.8% over the same period last year. With the wholesale sales of 564000 new energy passenger cars in July, the growth rate of 123.7% continues unabated. The overall progress of China's new energy vehicles in 2022 has exceeded the Federation's forecast of 5.5 million passenger vehicles at the end of last year, so it is prudent to raise the forecast of 500000 to 6 million new energy passenger vehicles, which may still be raised at the beginning of the fourth quarter. Related Hong Kong stocks include BYD (01211), XPeng Inc.-W (09868), Li Auto Inc.-W (02015), NIO Inc.-W (09866), Geely Automobile (00175) and so on.

Individual stocks are sunny.

Tianqi Lithium Industry (09696): lithium Carbonate "hard to get" leading Enterprises to expand production capacity

1. To be included in the Stock Connect of Hong Kong.The Shenzhen Stock Exchange announced that because Tianqi Lithium Industry (09696) ended its price stability period in the Hong Kong market and the corresponding A shares were listed for 10 trading days, in accordance with the relevant provisions of the Shenzhen Stock Exchange Shenzhen-Hong Kong Stock Connect Business implementation measures, Tianqi Lithium Industry has been transferred to the list of Hong Kong stocks listed on August 08, 2022.

2. The company has settled all the M & A loans.At present, the company's financial situation has been significantly improved, and the cash flow is stable and good.

3. Company buyback.The stable price period for the global offering has ended, with the purchase of a total of 24.6182 million H shares of the company in a price range of HK $72.65 to HK $82 per share.

4. Under the high prosperity of the industrial chain, the company is actively expanding its production capacity, and its performance is expected to grow with it.Lithium mineral energy: the current production capacity is 1.34 million tons, and the TRP project plans to increase the production capacity by 280000 tons in 2022. With the commissioning of the third and fourth phases, the future lithium concentrate production capacity may exceed 2.5 million tons / year. Lithium salt production capacity: the current lithium salt production capacity is 44800 tons, including the Quinana project in Australia, the battery-grade lithium carbonate project in Suining, Sichuan, and the Tongliang project in Chongqing. The medium-term lithium salt production capacity is expected to exceed 110000 tons per year.

5. The trend of lithium price mainly depends on the overall supply and demand pattern, market changes and economic situation of the lithium industry.The company sees that the downstream expansion of the industry is usually smooth and the cycle is short, while the upstream resource development is often affected by a variety of factors, the expansion cycle is longer, and the corresponding risk is greater. Therefore, the company believes that the mismatch of the upstream and downstream production expansion cycle (the expansion rate of downstream battery manufacturers is faster than the increment of lithium supply upstream), the supply of lithium products will continue to be in a tight situation in the short to medium term. It will take some time for the supply and demand pattern of the lithium industry to reach a real balance. The company has confidence in the long-term development of the industry. The reporter recently learned that despite repeated crackdowns by some downstream enterprises, the rising price of lithium salt in the second half of the year is still a consensus. "not only is the original mine scarce, but now the slag from the company's lithium carbonate smelting has been used to recover lithium." Some lithium mine executives said so. And spot lithium carbonate has been "hard to get", some industry insiders said that the company's lithium products were basically produced on the same day was pulled away, there is no inventory.