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Newsletter of October 29

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-09
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(Summary description)Securities Newsletter

Newsletter of October 29

Information
1. Macroeconomic news
 
Development and Reform Commission: On October 29, the National Development and Reform Commission reported that in order to do a good job of "six stability", implement the "six guarantees" task, and further expand domestic demand, especially to effectively promote consumption, 14 departments including the National Development and Reform Commission have recently jointly issued the "Recently Expanding Domestic Demand and Promoting Consumption working plan".
 
Ministry of Finance: On October 29, the Ministry of Finance reported that the total operating income of state-owned enterprises from January to September was 44084.64 billion yuan, down 0.7% year-on-year; net profit after tax was 1,653.38 billion yuan, down 18.5% year-on-year.
 
Ministry of Human Resources and Social Security: At the State Council’s regular policy briefing held on the 28th, the Deputy Minister of Human Resources and Social Security stated that during the 13th Five-Year Plan period, my country has adhered to the employment priority policy and created more than 60 million urban jobs.
 
Brokerage China: On October 29, according to a report by Brokerage China, the number of provinces and cities whose GDP in the first three quarters of the country entered the "10,000 yuan club" was basically the same as last year, with 22 companies. Guangdong, Jiangsu and Shandong had stable economic aggregates. Top three. By the end of this year, Jiangsu's total economic output is expected to exceed 10 trillion.
 
2. Capital market news
 
The three major A-share indexes opened low and moved high. Specifically, the Shanghai Composite Index rose 0.11% to close at 3272.73 points; the Shenzhen Component Index rose 0.98% to close at 13519.66 points; the ChiNext Index rose 1.10% to close at 2699.92 points. The total turnover of the two cities was 780.3 billion yuan.
 
Shenzhen's first trillion-dollar market capitalization stock is approaching. On October 29, liquor stocks strengthened again, and Wuliangye's midday closing market value reached 981.8 billion yuan, which is expected to become the first stock with a market value of more than one trillion yuan in Shenzhen Stock Exchange.
 
2,251 companies disclosed three quarterly reports, nearly 60% of net profit growth. As of 19:00 on October 28, a total of 2,251 A-share listed companies have disclosed their three quarterly reports. Among them, 1279 listed companies' net profit attributable to shareholders of listed companies in the first three quarters achieved year-on-year growth, accounting for 56.82% of the number of disclosed three-quarter reports.
 
3.power industry news
 
Yunnan Energy Supervision Office: On October 26, the Yunnan Regulatory Office of the National Energy Administration issued a letter regarding the public solicitation of the "Detailed Rules for the Implementation of Yunnan Electric Power Medium and Long-term Transactions (Draft for Comment)." Maintain the legitimate rights and interests of power market entities, and promote the construction of the Yunnan power market system.
 
Polaris Power Network: Recently, the National Energy Group held a groundbreaking ceremony for the main project of the Chuosijia Hydropower Station. The Chuosijia Hydropower Station is located in Rangtang County and Jinchuan County, Aba Prefecture, Sichuan Province. It is the third stage of the Chuosijia River cascade development plan. The total planned investment of the power station is 4.607 billion yuan and the total installed capacity is 392 MW.
 
Three Gorges Group: On October 28, the upstream surface water level of the Three Gorges Dam reached an elevation of 175 meters, marking that the Three Gorges Reservoir has successfully achieved the 175-meter experimental water storage target for 11 consecutive years, providing a strong guarantee for water supply, shipping, ecology, and power generation. It played a fundamental role in promoting the development of the Yangtze River Economic Belt.
 
4.industrial energy storage industry news
 
Gaogong Lithium: On October 29, Gaogong Lithium Telecom, as a power battery R&D and production group under Baoneng Group, has recently put into use the R&D base of Kunshan Poly Innovation Energy Technology Co., Ltd., and the first phase of the production base has been completed and put into operation. The planned total production capacity of the project is 8.5GWh, and the current mass production scale of the first phase production line is 0.5GWh, which can meet the supporting applications of 10,000 to 20,000 new energy vehicles.
 
Gaogong Lithium: Recently, the German Minister of Economy stated that by 2030, European electric car battery production needs to reach nearly one-third of the world to remain competitive. Starting in 2025, Volkswagen's demand for electric vehicle batteries in Europe is expected to exceed 150GWh.
 
Tesla: A few days ago, Tesla said that due to the short supply of products, the company will continue to increase the production capacity of battery energy storage systems to meet the unprecedented needs of users around the world.
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