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[Today's Investment Reference: Google AI upgrades manganese prices across the board or continues to operate strongly] Securities Times News reported that yesterday, the stock indexes of the two cities fluctuated within a narrow range during the intraday session, and accelerated downward in the late session. At the close, the Shanghai Composite Index fell 0.82% to 3,119.9 points, the Shenzhen Composite Index fell 0.88% to 9,583.54 points, and the GEM Index...
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[Today's Investment Reference: Google AI upgrades manganese prices across the board or continues to operate strongly] Securities Times News reported that yesterday, the stock indexes of the two cities fluctuated within a narrow range during the session, and accelerated downward in the late session. At the close, the Shanghai Composite Index fell 0.82% to 3,119.9 points, the Shenzhen Composite Index fell 0.88% to 9,583.54 points, the GEM Index fell 0.9% to 1,838.89 points, and the Science and Technology Innovation 50 Index fell 1.42%. The total transaction volume between the two cities was 761.1 billion yuan, a decrease of 63.5 billion yuan from the previous day. In terms of industry, the brokerage and power sectors were among the top losers. The pharmaceutical, automobile, food and beverage, semiconductor, insurance and other sectors all fell. The real estate and home furnishing sectors strengthened, and the chemical fiber and ST sectors were active. Guosheng Securities said that the index has fluctuated at a high level recently. Although there has been adjustment, the intensity is relatively moderate and has not fallen below the upward trendfreecashzarcasinoThe recent global market bullish environment, especially the rising attractiveness of RMB assets, is expected to continue to boost market confidence. Therefore, looking forward to the future, the index in the continuous contraction adjustment, the future may be expected to repair, if strong, there are still new high expectations. For hot spots, we can continue to actively do more around the index weights with excellent fundamentals and strong dividend ability, such as Shanghai 50 and Shanghai and Shenzhen 300, and reduce the position allocation of small micro-disk stocks and other stocks. Today's investment opportunity analysis Google AI full-line upgrade is expected to drive downstream applications and end-side AI local time on May 14, Google announced its AI series updates at the annual developer conference GoogleI/O; updates include: 1) basic large model: expand the Gemini1.5Pro context window, release lightweight Gemini1.5Flash, and is expected to launch GeminiNano and Gemma2;2) Multimodal artificial Intelligence Assistant: ProjectAstra;3) hardware: launch the sixth generation TPU chip Trillium 4) multimodal large model: Imagen3, Veo and MusicAISandbox; 5) Application integration: GoogleSearch search engine integrates "AI overview" function, Android15, GooglePhotos, GoogleWorkspace and other new AI functions are integrated. Galaxy Securities pointed out that the performance improvement and energy efficiency improvement of the sixth generation TPU chip Trillium will accelerate the training and reasoning process of the AI model, and facilitate the comprehensive upgrading of cloud, edge, and end-to-end AI, especially the end-to-side AI revolution. It is suggested to focus on: 1, end-side AI: China Kechuangda, Fluorite Network, iFLYTEK, Xiaomi Group-W, Hongsoft Technology; 2, vertical industry AI applications: AI+ education, AI+ office, AI+ health care, AI+ finance is expected to accelerate the outbreak, with emphasis on the recommendation of Caixin shares, Kingsoft Office, flush, Tolls and so on. The operation of South32's GEMCO manganese mine in Australia was disrupted by the hurricane weather in April 2024, and the company expects terminal and export operations to resume in the first quarter of 2025. Operations at South32's GEMCO mine in Australia, the world's largest manganese ore producer, were disrupted by the hurricane, which is expected to reduce manganese production by 4.5 million tons in 2024, accounting for about 10 per cent of the global manganese supply, and domestic monthly imports by 350000 tons, Citic Securities said. China's manganese ore import dependence is more than 90%, and the current port manganese ore inventory is at a low level. The disturbance is expected to stimulate a sharp rise in manganese ore prices, or is expected to hit the 2016 price high, and silicon manganese and electrolytic manganese product prices will also rise. It is suggested that attention should be paid to the domestic companies with manganese ore resources and manganese material production layout. Battery production rose 60% in April compared with the same period last year. Recently, the China Automotive Power Battery Industry Innovation Alliance released monthly data on power batteries in April 2024, and the output of power and other batteries increased month-on-month compared with the same period last year. In April, the total output of power and other batteries in China was 78.2GWh, an increase of 3.2% from the previous month and 60% from the same period last year. From January to April, the cumulative output of power and other batteries in China was 262.8GWh, an increase of 40.5% over the same period last year. Caixin Securities said that overall, the growth rate of battery production still maintained a good level, mainly driven by the rising permeability of new energy vehicles and the rapid growth of energy storage demand. Battery production and marketing has maintained steady growth, the situation of overcapacity is expected to improve gradually, and the leading enterprises in each link of the industrial chain are comprehensively dominant in terms of technology, scale, cost, customers and so on. It is suggested to pay attention to the leading enterprises of the battery industry chain, such as Ningde era, Tianzhi Materials, Kodali, Hunan Yuneng and so on. On May 15, the CSRC issued the revised provisions on the Management of procedural transactions in the Securities Market (for trial implementation) (hereinafter referred to as the "Management provisions"). It makes overall and framework institutional arrangements for the procedural trading supervision of the securities market, and provides for specific matters such as procedural trading report management, transaction monitoring and risk management, information system management, high-frequency trading differentiation management, and authorizes the stock exchange to refine business rules and specific measures. In terms of transaction monitoring and risk management, the Management regulations point out that the stock exchange carries out real-time monitoring and monitoring of programmed transactions, focusing on the monitoring of abnormal trading behaviors that may affect the security of the stock exchange system or the trading order, including the number of declarations and withdrawals within a short period of time, frequency reaching a certain standard, and so on. The securities company shall sign an entrustment agreement with the client, strengthen the monitoring of the customer's programmed trading behavior, and cooperate with the stock exchange to take relevant measures. Hangzhou Lin'an: purchase of commercial housing Hangzhou Lin'an District Housing and Urban-Rural Development Bureau issued a notice a few days ago, after the study and decision of the people's Government of Lin'an District, a number of commercial houses were purchased within the scope of Lin'an District for public rental housing. Housing requirements are located in Lin'an District of Hangzhou City. The basic conditions of housing supply are as follows: the housing source takes the whole building as the basic acquisition unit, and the construction area of a single set is not more than 70 square meters; the purchase of housing supply requires a certain proportion of parking spaces, and the number of parking spaces for sale meets the matching conditions, that is, each set of less than 60 square meters (including) is allocated in proportion to 0.6 parking spaces, and each set of more than 60 square meters is allocated in proportion to 1.0 parking spaces. Two departments: improving the recycling system of renewable resources to support the trade-in of household appliances and other durable consumer goods for 15 days, the general offices of the Ministry of Commerce and the Ministry of Finance issued a notice on improving the recycling system of renewable resources to support the trade-in of household appliances and other durable consumer goods. It is proposed that in combination with reality, we should make good use of funds related to county commercial construction actions, focus on breaking through the recycling blockages of waste household appliance furniture, and support focusing on counties and villages and towns. Transform and upgrade the service outlets such as the recycling of household appliances and furniture, and smooth the consumption cycle of updating household appliances. Main directions of guidance supportFreecashzarcasinoFirst, improve the county renewable resources recovery system transit facilities. Support the transformation and construction of county waste household appliances furniture recycling, transfer, distribution stations, and effectively enhance the county renewable resources agglomeration and transfer capacity. The second is to support township trade centers and other commercial outlets to provide life services such as recycling, distribution and maintenance of used household appliances, transform and build facilities related to temporary storage and turnover of waste household appliances, and increase service functions. The third is to support waste household appliance recycling enterprises to be equipped with recycled resources recovery vehicles, promote flexible mobile recycling models such as "replacing warehouses with vehicles", unify service norms, extend the recycling network, and realize that waste household appliances can be collected and left immediately. Four departments issued "key points of work on Digital Rural Development in 2024" recently, the Central Internet Information Office, the Ministry of Agriculture and villages, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "key points of work on Digital Rural Development in 2024". The "main points of work" clearly defines the goal of the work: by the end of 2024, substantial progress will be made in the construction of digital villages. Digital technology will ensure national food security and consolidate and expand the achievements in poverty alleviation. The number of broadband access users in rural areas exceeded 200 million, the Internet penetration rate in rural areas increased by 2 percentage points, the online retail sales of agricultural products exceeded 630 billion yuan, the information rate of agricultural production further increased, and a group of practical talents who not only understand agriculture and rural areas, but also understand digital technology, create a number of exemplary and widely driven digital application scenarios, and do a good job in a number of practical things that are online and offline and accessible to the masses. Five departments: carrying out the 2024 New Energy vehicle activities to the Countryside on May 15, the General Office of the Ministry of Industry and Information Technology, the General Office of the National Development and Reform Commission, the General Office of the Ministry of Agriculture and Village, the General Office of the Ministry of Commerce and the General Department of the National Energy Administration issued a notice on the implementation of 2024 New Energy vehicle activities to the countryside. The circular points out that from May to December 2024, new energy vehicles with good reputation and reliable quality suitable for the rural market will be selected to carry out centralized exhibition, test drive and other activities, so as to enrich the consumer experience and provide diversified choices. Organize recharging services, new energy vehicle underwriting, claims settlement, credit and other financial services, as well as maintenance and other after-sales services to the countryside to make up for the supporting environmental deficiencies in rural areas. Implement the support policies such as the replacement of old cars and county recharging facilities, and extend the "real money and silver" concessions directly to consumers. Proofread: Liu Rongzhi
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