TencentSecurities report on December 17. Most of the China Securities Market fell in early Thursday trading. Of these, 157 rose and 123 fell.
Among the well-known Chinese securities companies,AlibabaUp 0.11%;BaiduDecreased by 0.26%;JingdongIncreased by 0.81%;NetEaseIncreased by 1.88%;SinaDecreased by 1.36%;Sina WeiboIncreased by 3.31%;PinduoduoIncreased 1.84%;Funny headlinesDecreased by 6.6%;Wei LoeDecreased by 1.39%;iQiyiIncreased by 0.22%;ThunderboltIncreased by 3.25%;Mo HingIncreased by 1.13%;The Age of GatheringIncreased by 1.39%;Tiger's ToothIncreased by 0.49%;BilibiliIncreased by 2.47%;Xiaopeng MotorsDecreased by 3.79%;The ideal carDown 2.9%.
Oriental Culture Hldg Ltd,Wunong Net Technology Co Ltd,Pearl Cargo,Dagong Cultural Exchange,Lucky Coffee,Group bus network, Skillful Craftsman Edu Tech Ltd,Porky pet,Bit Digital, IncTen stocks, including Century Internet, registered the highest gains. Among them, Oriental Culture Hldg Ltd rose 143.52%; Wunong Net Technology Co Ltd rose 121.2%; Pearl Freight rose 66.83%; Dagong Cultural Exchange rose 59.03%; and Lucky Coffee rose 45.72%.
Youxin used cars,Code Chain New Breathe Ltd,TouchBao Technology,Longyun International, funny headlines,Taihe Cheng Healthcare,Mobike,Yasunobu Education,Burning Stone Medicine,Huaxia BoyaTen stocks had the highest declines. Among them, Youxin Used Car fell 14.3%; Code Chain New Purchases Ltd fell 12.63%; Touchbao Technology fell 11.21%; Longyun International fell 8.3%; and Quheadline fell 6.6%.
Recent news relating to China Securities is as follows:
Daiwa Securities released its latest research report and began tracking three Chinese electric vehicle stocks. Analyst Kelvin Lau (Kelvin Lau) gave the NIO Auto purchase rating, setting a target price of $59 per share. At the same time, the analyst gave Xiaopeng Motor a selling rating, with a target price of $32, and Ideal Auto's rating for holding, with a target price of $33. The reason for Daiwa's judgment in this way is that by comparing the prices of the three Chinese electric vehicle stocks with their respective fundamentals, Xiaopeng would ideally seem more expensive. What is particularly important to point out is that inTeslaUnder the threat of a possible price war, Xiaopeng's situation can be described as particularly vulnerable.
iQiyi announces 40 million ADS sharesAdditional issuanceThe stock price is set at 17.5 US dollars, and the annual interest rate for convertible senior notes is 4%. Starting next year, payments will be made on June 15 and December 15 every year. Unless it's ahead of timerepurchase, redemption, or conversion according to the terms, otherwise the notes will expire on December 15, 2026. The notes will initially be converted at a conversion rate of 44.8179 ADS per 1,000 US dollars of principal, which is equivalent to the initial conversion price of about $22.31 per ADS.
Financial reports show that Fun Headline is in the third quarterOperating incomeIt fell 19.7% to 1.13 billion yuan. The company expects the current quarterly revenue decline trend to intensify. However, its losses narrowed for four consecutive quarters. Operating costs under non-US GAAP fell 87.0% year over year, and the operating loss ratio narrowed sharply to 9.7% compared to 60.0% last year. Fun Headline predicts that the company will achieve operating profit in the fourth quarter of this year.
In the second fiscal quarter of fiscal year 2021, Youxin's total revenue fell 80.7% year on year to 76.4 million yuan (about US$11.2 million). The decline was mainly due to changes in the company's business model and a decrease in 2C transaction volume and GMV. However, Youxin predicts that in the quarter ending December 31, 2020, total revenue will reach 275 million yuan to 290 million yuan.
According to reports, Lucky Coffee (OTC: LKNCY) agreed to pay a fine of 180 million US dollars to reach a settlement with the US Securities Regulatory Commission (SEC) over alleged financial fraud by some former employees. Ruixing said that at present, the company and stores are operating stably and operating normally.