[Today's replay]
The three major stock indexes collectively opened lower, and weighted stocks dragged down the Shanghai index adjustment and fell by more than 1%, but the GEM index bottomed out after hitting a new low during the year. Individual stocks rose more or less, with more than 2,900 companies rising. Northbound capital increased its efforts today, with a net inflow of 5.6 billion yuan, mainly buying BYD (002594.SZ) and Tianqi Lithium (002466.SZ).
The Chinese characters in the Chinese Special Estimate concept and the big financial sector were adjusted today. For example, Qin Gang Co., Ltd. (601326.SH) and Hongye Futures (001236.SZ) all fell to a standstill; Capital Securities (601136.SH) and Cinda Securities () all fell ahead; it should be noted that some individual stocks rushed at the end of the session, and CNPC Capital (000617.SZ) bid rose 2% at the end of the session, closing at a higher stop price, and Shanghai Gangwan () also hit a hike at the end of the session. 601059.SH 605598.SH Bank of Xi'an (600928.SH), China Aviation Finance (600705.SH), and CITIC Metal (), which have been mentioned repeatedly, all have good premiums. 601061.SH
Beginning July 1, Phase 6b of the National Six Emission Standard was fully implemented nationwide, and the NEV industry chain exploded across the board. Segments such as complete vehicles, charging piles, and auto parts all showed the highest increases. In the direction of new energy vehicles, Jinlong Automobile (600686.SH) has 3 boards in 4 days, Xiangxin Technology (002965.SZ) has 2 boards in 5 days, and the first board includes Ankai Bus (000868.SZ), Zhongtong Bus (000957.SZ), and Yaxing Bus (600213.SH). In the direction of charging stations, Incore (300713.SZ) received a 20CM increase and stop, and Shuangjie Electric (300444.SZ), Tonghe Technology (300491.SZ), and Zhongneng Electric (300062.SZ) all made impressive gains. The first ones were Aotexun (002227.SZ), Xiangshan Co., Ltd. (002870.SZ), Wanma Co., Ltd. (002276.SZ), etc.
The differentiation in the direction of AI has intensified, and activity in AI applications such as media and education has not decreased. For example, China Publishing (600088.SH) has 8 boards in 12 days, China Television Media (600088.SH) has 4 boards in 5 days, China Hi-Tech () and Gravity Media () all have 2 boards in 3 days, Rongxin Culture (301231.SZ) has risen and stopped; Simei Media (002712.SZ) and Long Yun () have seen their innovation rise and stop. 600730.SH 603598.SH 603729.SH Some individual stocks began to fix the market, and Shengxun shares (003004.SZ) rose and stopped, and Yuncong Technology (688327.SH), Qingyun Technology (688316.SH), and Tulos (300229.SZ) all performed well. On the other hand, Jiuyuan Yinhai (002777.SZ) and Rebate Technology (600228.SH) have all fallen to a standstill. The direction of AI is the supermain line this year. After experiencing continuous hype, it is likely that it will fluctuate and rotate in the future, and the difficulty of operation will also increase.
Today, the direction of the new energy circuit overfell and rebounded, but market recognition was not high, and sustainability needs further observation. Currently, the pace of market rotation is very fast, not only between sectors, but also within the same sector. There is hope for further strengthening when adjustments are sufficient to withstand the pressure by avoiding the decline in high bandwidths. The main line still focuses on AI and the Belt and Road.
cars
Starting July 1, Phase 6b of the National Six Emission Standard has been fully implemented nationwide. Furthermore, data recently disclosed by the CPC shows that retail sales in the passenger car market grew 55.5% year on year in April, with retail sales in the new energy vehicle market increasing 85.6% year on year. The executive meeting of the State Council deliberated and approved opinions on speeding up the development of advanced manufacturing clusters, making arrangements to accelerate the construction of charging infrastructure to better support the migration of new energy vehicles to the countryside and rural revitalization. According to reports, many parts of the country have now initiated activities for new energy vehicles to the countryside, and it is expected that the penetration rate of the NEV market will continue to increase.
Zhongtong Bus (000957.SZ): It has an annual production capacity of 30,000 energy-saving and new energy buses, can connect solar energy to power batteries, and has obtained the first fuel cell, pure electric and plug-in hybrid commercial vehicle production qualifications required by the latest version.
AI
According to media reports, following the text-generating image model DALL.E, OpenAI recently released the SHAP.E model again. Users can enter text to create realistic and diverse 3D models. Recently, IBM released WatsonX, a next-generation artificial intelligence and data platform, which enables customers to publish basic models and generative artificial intelligence on this platform. Google will enhance its current search engine with new AI features and hopes to build a new AI-driven search engine to compete with Microsoft and OpenAI.
China Hi-Tech (600730.SH): It has reached industry-education integration business cooperation with dozens of colleges and universities, and has established the China Institute of High Technology Industry and outstanding talent training bases in many places, using AI technology to empower medical education and provide overall solutions for learning cloud platforms, including qualification certification, etc.
Visual China (000681.SZ): When the AI creative tool is launched, copyright images can be created twice. After the customer pays, the creators of the original copyrighted images can receive a corresponding share of revenue. They can provide sellable materials such as 400 million images, 30 million videos, and 350,000 pieces of music, and collaborate with Baidu Wenxin.
[Nuggets and Tigers List]
Visual China (000681.SZ): The Dragon Tiger list has a luxurious lineup. Shenzhen Stock Connect resold 16.34 million yuan, buy two seats from famous investors for 89.17 million yuan, and buy five are seats from famous investors on Shangtang Road for 61.72 million yuan, with a net purchase of 201 million yuan on the same day. The stock's volume broke through the platform today, and is expected to have a premium.
Fundamental analysis:In '22, the company achieved revenue of 698 million yuan, an increase of 6.13% over the previous year; it achieved net profit of 99 million yuan, a decrease of 35.11% over the previous year; Q1 of 23 achieved revenue of 132 million yuan, a decrease of 14.87% over the previous year; and achieved net profit of 57 million yuan, an increase of 85.73% over the previous year. The visual content and service business revenue in '22 was 696 million yuan, accounting for 99.7% of total revenue. It reached more than 2.2 million long-tail users through the Internet platform, an increase of more than 10% over the previous year. The company focuses on enhancing audio and video content resources. It has signed contracts with nearly 300 copyright agency suppliers. Sales increased 119% year-on-year, and the growth rate exceeded 100% for two consecutive years in 21 and 22.
The company's AI intelligent platform has been applied to products such as trading platforms and digital asset management systems. It has capabilities such as face recognition and image quality enhancement, and is provided to third-party platforms through an open API platform. In March '23, the company launched an AI search engine on Veer.com. Users can use keywords or natural language searches to support image searches and video searches.
The company has reached a partnership with Baidu. As of March '23, the company has sold 134 AIGC digital collections on the Meta Vision platform. In terms of copyright protection, the company has formulated strict AI-assisted creation guidelines and review standards to guide contracted contributors to create AI digital art works in accordance with the law. Currently, nearly 100 signed contributors have entered the test list, and nearly 10,000 works have been reviewed and stored for customers to choose and use.
[Agency Research]
iFLYTEK (002230.SZ): Recently, it received intensive research from institutions such as China Merchants Fund, Huitianfu Fund, Invesco Great Wall Fund, and Agricultural Bank Huili Fund.
Fundamental analysis:On May 6, the company held a press conference on the results of the “iFLYTEK Spark Cognitive Big Model”. The results of the commercial application of the Spark Cognitive Big Model to the company's existing products were also released at the same time.
The seven core competencies of the Spark Model performed excellently. According to comparative tests, the overall performance of the Spark Model is at the leading level in the industry. The Chinese performance has surpassed ChatGPT, and the English performance is 4.29 out of 5 (out of 5), close to the level of ChatGPT 4.48, and is still improving rapidly. The company announced an upgrade plan for the Spark Big Model, starting real-time Q&A before June 9 to upgrade multiple rounds of dialogue and math ability; improving coding ability and multi-modal interaction ability by August 15; and target ChatGPT (surpassing Chinese, equivalent to English) by October 24. The Spark Model has been applied in the four major industries of education, office, automotive, and digital workers, and will cover more fields in the future. According to the company's “1+N” structure, it will evolve into more industry segments in the future. It is expected that the medical professional model will be released at the Development Festival on October 24, 2023.
The company built a large model evaluation system to promote the development of the industry and open cooperation to build an artificial intelligence “Spark” ecosystem. The company's chairman announced at the press conference that the first batch of more than 3,000 enterprise developers from 36 industries will connect to the Spark Model to jointly build the “Spark” ecosystem; they will also join forces with Huawei in terms of computing power to build the big model on an autonomous and controllable domestic computing power platform.