Author |Zhu Hualei, editor|wjx
*: Jufeng Investment Advisory, good ** application.
Brief description of the plate
The market continued to show the first adjustment in early trading, and the industries in the two cities were sharply differentiated again. General machinery, media and entertainment, coal, daily chemicals, electrical appliances, automobiles, IT equipment, advertising packaging, components, industrial machinery, gas and heating, components, agriculture, forestry, animal husbandry and fishery, textiles and clothing, aviation, papermaking, aviation and other industries are active, wine, petroleum, nonferrous metals, steel, insurance, real estate, hotel catering, ships, electrical equipment, food and beverage, electricity, diversified finance, construction and other industries are weak;In terms of theme plates, multimodal AI, mixed reality, reducer, Huawei automotive, consumer electronics, automotive thermal management, Apple concept, NVIDIA concept, machine vision, virtual reality, integrated die-casting, metaverse concept, industrial machine tool, Xiaomi concept, wireless headset and other themes are in rotation, lithium mines, scarce resources, cobalt metal, aquatic products, salt lake lithium extraction, the Belt and Road, ** concept, nickel metal, prefabricated dishes, central enterprise reform, BC battery, solid-state battery, shipping, HJT battery and other themes are weakening.
Hot Plates
The media sector moved intraday, Dragon Edition Media, Cultural Investment Holdings rose and stopped, Chinese **, Wanxin Media, Huawen Group, Shandong Publishing, Shanghai Film, Guomai Culture, New Classics, Happy Blue Ocean and other ** showed intraday strength.
Retail, duty-free concept stocks *** Nanning Department Store rose by the limit, Zhongbai Group rose by more than 6%, Youa shares, Lishang Guochao, Hongqi Chain, Dongbai Group, etc. followed up. On the news side, Haikou Customs recently released data showing that in the first 11 months of this year, Haikou Customs supervised a total of 40.7 billion yuan of duty-free shopping on outlying islands, a year-on-year increase of 261%。
The coal sector showed a local rise, with Shanmei International, Kailuan Co., Ltd., Lu'an Huaneng, Jinkong Coal Industry, Pingmei Co., Ltd., Shanxi Coking Co., Ltd., Huayang Co., Ltd., Hengyuan Coal Power, Xinji Energy, etc.
The multimodal concept continued to be active, Suzhou Keda 3 boards, Xuanya International rose by more than 10%, and Gravity Media, Lisheng Sports, and Insai Group followed suit. On the news side, Google AL large model Gemini has recently been released strongly. As Google's largest and most powerful AI multimodal model to date, Gemini will bring huge changes to the entire advertising and marketing industry.
The textile and apparel sector is active against the trend, Xunxing shares, Taimushi daily limit, Hongxing shares, leading shares, Anel and so on. On the news side, according to the latest data released by the General Administration of Customs on December 7, in November this year, the national textile and garment exports were 2685600 million US dollars, down 89% (down 3.% year-on-year in RMB.)5%), the decline narrowed for 4 consecutive months, and the industry's exports as a whole maintained a trend of stabilization and recovery, showing strong development resilience.
Media stocks are active against the trend, with Cultural Investment Holdings 4 consecutive boards, Longyun Shares, Beiba Media up and down, Gravity Media, Dragon Edition Media, Chinese**, Reader Media, etc. following suit. With the development of new technologies such as AI and new content forms such as mini games and interactive dramas, the value of IP is expected to usher in a revaluation. In addition, the AI ** technology represented by PIKA has ushered in an inflection point, and the cycle and cost of film and television drama production have been further reduced.
Apple's MR concept is strong, Emdoor Information has a daily limit, and Wufang Optoelectronics, Shenzhen Keda, Qingyue Technology, Green Precision, etc. have followed up. On the news side, Apple will officially mass-produce the first-generation MR product Vision Pro in December this year, with the first batch of about 400,000 units, which is expected to be officially launched at the beginning of next year.
Hongmeng concept stocks strengthened in early trading, Jiulian Technology rose nearly 10%, iSoftStone, Xinhai Technology, Runhe Software, Changshan Beiming, Chuanzhi Education, etc. have soared. On the news side, Yu Chengdong announced at Huawei's pollen annual meeting that Huawei will launch HarmonyOS native applications and native experience products next year, "that will be the real king of the entire Chinese terminal operating system."
The concept of nuclear energy was active in the intraday, Baose shares rose by more than 10%, Jingye Intelligence rose by 6%, and Jiangsu Shentong, Atlantic, Hailu Heavy Industry, Kexin Electromechanical and so on. On the news side, recently, at the 2023 China International Maritime Technology Academic Conference and Exhibition, Jiangnan Shipbuilding (Group) Co., Ltd., a subsidiary of China Shipbuilding Group, released the world's first and the world's largest 24000TEU nuclear-powered container ship type. Jiangnan Shipbuilding uses nuclear energy, a clean energy, and adopts the world's most advanced reactor molten salt reactor solution, and proposes a super-large nuclear container ship design to truly achieve "zero emission" in the operation cycle of this type of ship.
Policy MessagesDSCC: Folding machine shipments reached 7 million units in the third quarter, an increase of 215 quarter-on-quarter, exceeding expectations
The DSCC report pointed out that in the third quarter of this year, both folding machines and folding panels set new shipment records, because Samsung released the Z Fold 5 and Z Flip 5, and Chinese brands launched a large number of folding machines, so that the supply of related materials outstripped. Folding machine shipments in the third quarter increased by 215 month-on-month and 16 year-on-year to 7 million units, 1 higher than expected. DSCC expects annual folding phone shipments to reach 15.8 million units, an increase of 3%.
National Bureau of Statistics: The country's total grain output was 695.41 million tons, a year-on-year increase of 13%
According to the National Bureau of Statistics, the country's total grain output in 2023 will be 695.41 million tons (1,390.8 billion catties), an increase of 8.88 million tons (17.8 billion catties) over 2022, an increase of 13%。Among them, the output of cereals was 641.43 million tons (1,282.9 billion catties), an increase of 8.19 million tons (16.4 billion catties) over 2022, an increase of 13%。
Jufeng view
Overall, the market continues to adjust the pattern of recent adjustments, and the industries in the two cities are again differentiated and partially rotated. General machinery, media and entertainment, coal, daily chemicals, electrical appliances, automobiles, IT equipment, advertising packaging, components, industrial machinery, gas and heating, components, agriculture, forestry, animal husbandry and fishery, textiles and clothing, aviation, papermaking, aviation and other industries are active, wine, petroleum, nonferrous metals, steel, insurance, real estate, hotel catering, ships, electrical equipment, food and beverage, electricity, diversified finance, construction and other industries are weak;
Recently, the market has continued to fall, and the stock indexes of the two cities are approaching their previous lows. The sharp differentiation and adjustment of the industries in the two cities has triggered a cautious market sentiment, and the rotation of intraday hot spots and the elimination of one and the other highlight the current weak market pattern. At present, the market has entered the bottom area in the early stage, and the probability of bottoming in the later stage is relatively large. The current market is greatly affected by the emotional side, the external market fluctuations and the divergence of funds in the field plus the volatility in the market, however, the overall market adjustment space is limited, and the bottoming out of the intraday market highlights the protection of low-level funds. The recent Politburo meeting and the month-end economic work conference will also be held, which will form a policy boost to the short-term market. Judging from the content of the meeting convened by the Politburo, next year we will continue to adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, establishing first and then breaking down, strengthening counter-cyclical and cross-cyclical adjustment of macroeconomic policies, and continuing to implement a proactive fiscal policy and a prudent monetary policy. Domestic demand will continue to expand and promote a virtuous cycle in which consumption and investment reinforce each other. The continuous efforts of the policy side will continue to promote the recovery and recovery of China's economy, and with the continuous enhancement of the endogenous momentum of the economy, the economic fundamentals will continue to improve, which will form a strong fundamental support for the repair of the market. Therefore, in terms of investment strategy, it is recommended that investors pay attention to the structural opportunities of the market in the medium and long term, actively pay attention to infrastructure and consumption under the expectation of economic recovery, pay attention to the market opportunities in the blue-chip sector and high-growth sectors, and continue to pay attention to industry opportunities such as new energy vehicles, consumer electronics, real estate, chips, food and beverage, software, and communication equipment.
Author: Zhu Hualei Practicing Certificate: A0680613030001
Disclaimer: The above content is for reference only and does not constitute specific operation advice, and you shall operate at your own risk and profit and loss.