Next week, Mobile World Congress 2024 will be held in Barcelona; Shanghai will usher in the first annual performance report, Rongsheng environmental protection took the lead; The National Bureau of Statistics will release the manufacturing PMI data for February. In addition, there will be no online issuance of new shares next week.
Mobile World Congress will be held
Mobile World Congress 2024 will be held in Barcelona from February 26 to 29. According to the statistics of the organizer GSMA, more than 2,400 companies from more than 200 countries and regions will participate in the exhibition, including more than 300 Chinese exhibitors, and nearly 100,000 participants will participate in various activities of the exhibition, the highest in the past five years.
It is reported that Huawei will work with global operators and partners to promote the commercial development of 5G-A and jointly build a prosperous ecosystem for the industry. In addition, according to Huawei's official WeChat*** news, Huawei products and solutions will be held on February 26, and Huawei's communication model will be launched for the first time. Huawei said that in 2024, the first year of 5G-A commercial use will officially begin! The 10 Gigabit era has come, let's witness the bringing of 5G-A to reality!
According to CICC's research report, 5G-A is an enhancement of the existing 5G, with goals including a 10-fold increase in uplink and downlink speeds, a significant increase in connection density and the number of connections, further improvements in latency and reliability, and exploration in the integration of synaesthesia and endogenous intelligence. 2024 is expected to be the first year of the freezing and commercialization of the first version of the 5G-A standard.
The first annual report of the Shanghai Stock Exchange will be released
After a number of ** companies disclose their 2023 annual reports, the Shanghai Stock Exchange will also usher in its first annual performance report, and Rongsheng Environmental Protection will take the lead and will be disclosed on February 28. Previously, Rongsheng Environmental Protection disclosed the performance forecast, and it is expected that the net profit attributable to the parent company in 2023 will be 2$6.2 billion to $29.5 billion yuan, a year-on-year increase of 5583% to 7546%;Non-net profit is expected to be 2$4.9 billion to $27.9 billion yuan, a year-on-year increase of 737% to 9463%。
As for the main reason for the change in performance, Rongsheng Environmental Protection said that during the reporting period, the company continued to strengthen R&D investment and production capacity building, actively explore the market, broaden the sales radius, and maintain sufficient orders. The company implements lean management, and achieves cost reduction and efficiency increase through measures such as fixed sales, energy saving and consumption reduction, and market-oriented assessment. Affected by market supply and demand, raw materials have declined, the gross profit margin of the company's products has increased, and net profit has increased.
In addition to Rongsheng Environmental Protection, more than 10 listed companies such as Demingli, Flush, Yongxin Shares, Dalian Thermal Power, and Jianghua Micro will announce their 2023 annual reports next week.
Manufacturing PMI data for February will be released
On March 1, the National Bureau of Statistics will release the manufacturing PMI data for February. In January, China's manufacturing PMI was 492%, up 02 percentage points. In January, the production index was 513%, up 1 from the previous month1 percentage point, rising to a nearly four-month high. In January, the new orders index was 49%, up 03 percentage points, of which the index of new export orders, which reflects external demand, rose 14 percentage points, the market and internal and external demand boom has improved.
The January data not only ended a three-month streak of declines, but more importantly, it fell by an average of 0Compared with 2 percentage points, this year's PMI has seen an anti-seasonal rebound. This reflects the rebound in economic prosperity. Yang Xin, a macro researcher at Hongta, said that exports have rebounded sharply, driven by the expansion of demand policies, holiday consumption and Spring Festival consumption expectations, the demand for domestic manufacturing and service industries has also improved, and the problem of insufficient market demand has been alleviated, which has further driven manufacturing enterprises to increase production.