[Today's replay]
Credit Suisse bombarded the European stock market yesterday without a sharp drop, but A-shares were shocked today. All three indices have plummeted, and GEM has already dropped all of its gains this year. The number of companies that closed higher was around 700, only one step away from freezing. Northbound capital flowed 800 million yuan, mainly buying Aier Ophthalmology (300015.SZ), Changjiang Electric Power (600900.SH), etc.
According to reports, the EU proposed restricting the import of green technology from China, lowering the level of public contract bidders, making it more difficult for buyers to obtain subsidies. The photovoltaic sector was hit hard again. Jingao Technology (002459.SZ) fell to a standstill, and Sunshine Power (300274.SZ) fell more than 6%.
Everyone is trying to survive in the gap and roll each other around. Early trading chips were volatile. The morning was interspersed with agriculture, forestry, animal husbandry, fishery, and pharmaceuticals, and ChatGPT's core stock fluctuated. Demon stocks also performed today. Anell's (002875.SZ) rally led to a wave of old demon stocks, and the market was very strong, including McQuill (002719.SZ), who grabbed funding at the end of the session.
Domestic AI giant Baidu released a product in the afternoon. Artificial intelligence rebounded in early trading, and Guangyun Technology (688365.SH) stopped rising 20 cm. Also leading the way is the application side. Wanxing Technology (300624.SZ), Tom Cat (300459.SZ), and Kunlun Wanwei (300418.SZ) are all relatively strong. It is said that 360 (601360.SH) is expected to catch up with Baidu, and hit a hike during the intraday period. The greater the expectations, the greater the disappointment. Baidu released Wen Xin's message in the afternoon, and there wasn't even a live test, so I couldn't see any surprises. In addition to disappointment, Baidu's concept stock Zhenshitong (002771.SZ) came close to falling to a standstill, and Rebate Technology (600228.SH) plummeted 7%. The artificial intelligence sector declined at the end of the session, with the exception of a few core varieties.
The Belt and Road sector broke out yesterday, and today's differences are normal. Leading North International (000065.SZ) advanced to the 2nd board, with Boshen Co., Ltd. (002282.SZ) on the top board.
The trend in semiconductors is quite good. Tickets that soared yesterday have every chance of surging today. Ying Fangwei (000670.SZ) once rose and stopped, the lithography machine concept Zhang Jiang Hi-Tech (600895.SH) soared, the Chinese army's SMIC (688981.SH) trend was steady, Changdian Technology () hit a recent high, and Rongda Sensing (300576.SZ) was close to closing at its highest price. 600584.SH The continuity of the semiconductor industry chain is worth looking forward to.
Zhongrun Resources (000506.SZ) advanced to the 3rd board of the gold concept with high sentiment, and risk aversion was the majority. Northern International (000065.SZ) has 2 boards in 4 days, and has always been broken in the intraday period. It is estimated that the current high standards are not afraid to relay. The new sentiment was pretty good. Shanghai Jianke (603153.SH) took the lead, and Boen Group (001366.SZ) countervowed.
In the general direction of the digital economy, the core product Shensangda (000032.SZ), including the three major operators, is also in normal turmoil today. The trend in the sector is not weak. Even the Belt and Road Initiative, which has been a hot spot in the past two days, is only popular when numbers are superimposed. Therefore, once sentiment recovers, the pan-digital direction is expected to strengthen.
The Shanghai Index has once again returned to the critical 60-day EMA. The turmoil in the peripheral situation, combined with its own internal volume,
As a result, the index was slow to break through, and the market was only struggling to maintain. Big technology, led by digital and semiconductors, and the two core main lines of China's leading Belt and Road continue to pay attention.
AI
Baidu Wenxin Yiyuan was officially released on March 16, and Wenxin Yiyan's invitation test plan was announced. On March 15, OpenAI officially released the GPT-4 pre-training model. Compared with GPT-3.5, the performance performance of GPT-3.5 was significantly improved. It not only read text but also recognized images, and the number of words processed was also greatly increased. According to the forecast of the Quantum Bit Think Tank, the size of the AIGC market is expected to experience explosive growth, and the market size is expected to catch up with the trillion dollar level in 2030.
Jiuyuan Yinhai (002777.SZ): The Chengdu Government Cloud, built and operated in cooperation with Inspur, has served more than 30 government departments across the city, won bids for social security and provincial co-ordinated projects in 6 provinces including Sichuan, and participated in the “Health and Medical Big Data Application Innovation Project” project of the national digital economy pilot.
Belt and Road
Russian President Vladimir Putin held a meeting on the 14th in Ulan-Ude, the capital of the Republic of Buryatia, to discuss urban development plans in the Far East. This is Putin's first inspection of the Far Eastern Belt region after a lapse of 6 years. Putin also said that after signing a final agreement on the gas pipeline network with Chinese friends, the direction of the route will be clear, and questions about expanding the construction of gas pipelines in the Far East will be raised later. On March 10, China, Saudi Arabia and Iran issued a tripartite joint statement in Beijing. Saudi Arabia and Iran announced the resumption of diplomatic relations between the two sides.
Boshen Co., Ltd. (002282.SZ): It has market development and product sales in countries along the Belt and Road, such as Singapore, Malaysia, and Vietnam. It is the core supplier of brake discs for standard EMUs in China, and is used in the assembly of Yawan high-speed rail EMUs exported to Indonesia.
CNPC Capital (000617.SZ): Holding 77.10% of Kunlun Bank's shares, the Bank of Kunlun has become the financial window and main channel for bilateral economic and trade exchanges between China and Iran. It invested 200 million yuan to participate in Kunlun Digital Intelligence and won the bid for the Zhengzhou Commodity Exchange Futures Futures for the first domestic standard warehouse receipt liability insurance project for futures trading in China.
[Nuggets and Tigers List]
Jiuyuan Yinhai (002777.SZ): A number of major players appeared on the Dragon Tiger list. There was a disagreement between institutions and investors. The four institutional seats were resold for 24.6 million yuan, Shenzhen Stock Connect bought 1.03 million yuan, and the first one was the seat of the famous travel capital Sunan Bang bought 43.88 million yuan on the same day, with a net purchase of 3.66 million yuan on the same day. The stock was strongly reversed today, and a premium is expected.
Fundamental analysis:The company participated in the “Health and Medical Big Data Application Innovation Project” project, a major national digital economy pilot project. At present, it has low-level technology research and development capabilities in the fields of machine vision, natural language, etc., and has completed AI technology development and application in face recognition, OCR, image recognition, natural language processing, knowledge mapping, etc.
The company's cloud business includes government cloud business and the provision of operation and maintenance services for some cloud builders. The construction and service integrating cloud computing and big data is one of the company's important businesses. The Chengdu Municipal Government Cloud, built and operated by the company in partnership with Inspur, has served more than 30 government departments across the city, and the service also includes services involving computing power.
The company has won bids for social security national and provincial co-ordinated projects in 6 provinces including Sichuan, and several DRG/DIP projects of the Dizhou Health Insurance Administration have been put into operation. The company has achieved outstanding results in “New Health Insurance” and participated in next-generation construction in 17 provinces. It previously won the bid for the core business system of the National Health Insurance Information Platform.
The company's digital government business supports the stable operation of social core business systems in cities above 100 prefecture-level cities in Sichuan, Yunnan and other provinces, and guarantees the core business systems of housing provident funds in cities above 50 prefecture-level cities in Sichuan, Chongqing and other provinces.
[Agency Research]
iFLYTEK (002230.SZ): Recently, it received intensive research from institutions such as Huitianfu Fund, Harvest Fund, Shanghai Investment Morgan Fund, and Guangfa Fund.
Fundamental analysis:The company has the core competitive advantage of the three key elements of data, algorithms, and computing power.
In terms of personalized learning brochures; in the high school book market, the number of fee-paying schools operated by the company added 300 in 2022, reaching a total of 1,400 schools. Revenue increased 12% year-on-year, the student renewal rate increased to 91%, the payment conversion rate exceeded 70%, and the output value of mature operating schools increased by 16%. In terms of the learning machine business; the company's revenue from the learning machine business increased 53% year on year in 2022, offline stores began to form a continuous flow, and revenue doubled year on year. The market space for after-school service platforms will exceed 100 billion yuan. The smart education business has great potential for future development.
With the popularity of ChatGPT, it came out of the loop. In terms of pre-training models, the company has accumulated solid relevant technology, making it one of the most widely popular Chinese pre-training models in the industry. In '22, the company further released two lightweight pre-training models for the multi-modal field, which received excellent results such as the world's multi-modal reading comprehension evaluation championship. In December '22, the company further launched the generative pre-training big model task, which will represent China in achieving a breakthrough in the field of generative pre-training big models. The company announced that it will release a product-level application of the generative pre-training big model on May 6, 2023. The future deep integration of pre-training cognitive big model technology with the company's business scenarios based on smart education and smart medical care will bring huge room for imagination to the company's development.