The main contents of the Sci-tech Innovation Board Morning Report on June 21st are as follows: Ministry of Commerce: Will take all necessary measures to firmly defend the legitimate rights and interests of Chinese enterprises; National Energy Administration: Speed up the construction of large-scale wind and photovoltaic bases; Gilead HIV prevention drug shows 100% effectiveness.

This is Little K, your anchor for the Science and Technology Innovation Board Daily.

Market Dynamics

The Ministry of Commerce: Will take all necessary measures to firmly defend the legitimate rights and interests of Chinese enterprises.

The Ministry of Commerce held a press conference yesterday. According to reports, on June 18, China-European new energy auto companies held a closed-door meeting at the Ministry of Commerce, and Chinese and European auto companies jointly opposed the European Union's imposition of tariffs on China. Some companies also said that the European Commission required companies to provide additional information in the investigation, which was a pretext to pry into China's technology secrets. Commerce Ministry spokesman He Yadong said that according to reports from the companies, the European Commission requested a large amount of information on the production and operation, development plans, technical processes, product formulas and other aspects of Chinese electric vehicle and battery companies during the investigation of Chinese electric vehicle subsidies. China opposes this resolutely and will take all necessary measures to firmly defend the legitimate rights and interests of Chinese enterprises.

Shanxi Guoxin Energy Corporation: There is no such thing as "overcapacity" in China's energy industry.

Zhang Jianhua, head of the National Energy Administration, said at a press conference of the State Council Information Office on June 20 that China's new energy industry has developed true abilities in open competition and represents advanced productivity. It not only enriches the global supply, ease global inflationary pressures, but also makes tremendous contributions to global climate change and green transformation. This achievement is fully recognized in the global energy industry. At the same time, from the perspective of comparative advantages or global market demand, China's new energy industry does not have the so-called 'overcapacity' problem.

The National Energy Administration: Accelerate the construction of large-scale wind and photovoltaic bases, actively and safely develop nuclear power.

Li Fulong, the Director of the Development and Planning Department of the National Energy Administration, stated that the supply side should increase the supply of non-fossil energy. Accelerate the construction of large-scale wind and photovoltaic bases, actively and safely develop nuclear power, promote the development and construction of offshore wind power, coordinate the integrated development of water, wind, and solar energy in major river basins, and vigorously develop distributed renewable energy systems. At the same time, promote the construction of new energy infrastructure networks, and improve the grid's capacity for accepting, configuring, and regulating clean energy. By 2030, 70% of the increase in energy consumption will be provided by non-fossil energy sources.

According to reports, TSMC is exploring a new method that uses rectangular panel-like substrates instead of circular ones, which will allow more chip sets to be placed on each substrate. The research is in its early stage and may take 'several years' to commercialize.

Nasdaq ended its 7-day winning streak. Nvidia's total market value fell below Microsoft's.

Nasdaq fell by 0.79%, ending its 7-day winning streak. Most large tech stocks fell, with Nvidia falling more than 3%, Apple falling more than 2%, Tesla falling more than 1%, Netflix, Microsoft, and Intel falling slightly; Amazon rose more than 1%, and Google and Meta rose slightly. Nvidia's total market capitalization is $3.22 trillion, falling below that of Microsoft and slightly higher than that of Apple.

Gilead's HIV prevention drug has shown 100% effectiveness.

On Thursday (June 20th), American biopharmaceutical company Gilead Sciences announced on its official website that its research and development of 'Lenacapavir' has shown 100% effectiveness in preventing HIV. The latest results were announced in a Phase 3 double-blind randomized controlled trial called 'PURPOSE 1,' which aimed to evaluate the safety and effectiveness of Lenacapavir and Descovy in more than 5,300 female aged 16-25 in 25 sites in South Africa and 3 sites in Uganda. The results showed that there were zero HIV infections among the 2,134 women in the Lenacapavir group.

Company Overview

Kaiwei Te with 4 boards in 6 days: the company's pe ratio is significantly higher than the industry average.

KWIT announced the stock price abnormality notice. After the company's self-inspection and verification with the controlling shareholder and actual controller, there is no significant information that should be disclosed but not disclosed as of the disclosure date of this notice. According to the data released by China Securities Index Co., Ltd., as of June 20th, the company's latest static PE ratio was 212.42 times, and the average static PE ratio of the computer, communication, and other electronic equipment manufacturing industry in which the company is located in the past month was 33.03 times. The company's PE ratio is significantly higher than the industry average. The company respectfully urges all investors to invest rationally and pay attention to investment risks.

Impressive technology with two consecutive price limit-ups: the company has a relatively large balance of interest-bearing debt.

Qipai Technology released an announcement of stock price fluctuation. The company conducted a self-examination and sent letters to inquire about the controlling shareholders and actual controllers. As of the date of the announcement, there was no significant information that should be disclosed but had not been disclosed. The company has debt repayment risks: as of March 31, 2024, the company's current ratio is 0.42, the quick ratio is 0.27, and the asset-liability ratio is 60.47%. The net cash inflow from operating activities is low, while the balance of interest-bearing debt of the company is 414 million yuan, of which the short-term borrowing amount is 167 million yuan, the long-term borrowing amount due within one year is 12.16 million yuan, and the long-term accounts payable due within one year is 10.6925 million yuan. The balance of interest-bearing debt of the company is high.

Longi Green Energy Technology: Director increased shareholding of 800,000 shares of the company on June 20th.

Longi Green Energy Technology announced that on June 20, 2024, Zhong Baoshen increased his holdings of the company's shares by 800,000 shares through centralized bidding on the Shanghai Stock Exchange trading system, accounting for 0.01% of the company's total share capital. The increase amount was 12.51 million yuan. As of June 20, 2024, Zhong Baoshen's cumulative increase amount was 57.749 million yuan. Zhong Baoshen's increase amount has reached and exceeded 50% of the minimum planned increase amount for this increase plan, and this increase plan has not yet been fully implemented.

Oke Precision Cutting Tools: Plans to invest 25,000 euros to establish a wholly-owned overseas subsidiary in Germany.

Oke Precision Cutting Tools announced that the company plans to invest 25,000 euros of its own capital to establish a wholly-owned overseas subsidiary in Germany called Oke Precision Cutting Tools Europe GmbH (temporary name, subject to the final registration name).

Lixin Micro: Gaoxin Venture Capital reduces shareholding by 0.09%, no longer a shareholder holding more than 5% of the company's stocks.

Lixin Micro announcement: Gaoxin Venture Capital has cumulatively reduced the total outstanding shares of the company by 116,856 shares through centralized bidding from April 18, 2024 to June 19, 2024, accounting for 0.09% of the company's total share capital. After this reduction, the proportion of the shareholding held by the person with information disclosure obligations in the listed company to the issued shares of the listed company has been reduced to 5.00%.

Yuean New Material: Shareholders including Ruihe Investment have collectively reduced their shareholding by 1.0064%.

Yuean New Material announced that shareholders Ruihe Investment, Ruizhi Investment, and Ruilan Investment collectively reduced 1,034,100 shares of the company's stock, accounting for 1.0064% of the total share capital, from August 8, 2023 to June 18, 2024.

Otw: The actual controller has voluntarily committed not to reduce his holdings of the company's shares.

Otw announced that its controlling shareholder, Ge Zhiyong and Li Wen, voluntarily committed not to reduce their direct holdings of the company's shares in any form from June 21, 2024 to December 31, 2024.

Cutting-edge Technology

Semiconductor chips with thousands of integrated quantum bits have been developed.

MIT and MITRE have demonstrated a scalable, modular hardware platform that integrates thousands of interconnected quantum bits onto custom circuits. This quantum-on-chip (QSoC) architecture allows for precise tuning and control of dense quantum bit arrays. Multiple chips can be interconnected via optical networks to create a large-scale quantum communication network. The research paper was published in the recent issue of Nature magazine.

Siasun robot&automation can directly deliver drugs to lung lesions.

Scientists from the University of California, San Diego in the USA have developed a bio-hybrid micro-robot based on green microalgae, which can directly deliver chemotherapy drugs to the lungs, thereby enhancing the effect of treating lung metastatic tumors. The related paper was published in the latest issue of the journal Science Advances.