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Lunzheng Daily | Meituan oversold and rebounded, Niu Zheng rose 150%.
uSMART盈立智投 02-23 18:34

Today's short comments on the market

Hong Kong stocks rebounded slightly today after falling 650 points yesterday. Continued to be pulled up by semiconductors, e-commerce stocks, etc., the S & I rose nearly 2%, the Hang Seng Index rose nearly 1%, and then maintained a rise of about 100%. As of the close, the Hang Seng Index closed up 0.6%, ending three consecutive declines. Chip stocks, education stocks, pharmaceutical stocks throughout the day strong performance, gold stocks, coal stocks led the decline. In terms of individual stocks, the new stock Le Pu Bio closed up 0.14%; Meituan led the Hang Seng Index up 3.09%; Zhengrong Real Estate closed up 8.22% and is reported to have negotiated a project equity transfer with the central state-owned enterprise. China Ruyi closed up 13.46% to lead the short video concept stock. Rusal ended three consecutive losses and closed down 13.04%; Lenovo closed down 2.66%.

Nest chakra focus

SMIC (00981)

SMIC subscription Certificate (18101)Maturity date: April 2022Leverage: 9.23 times

Semiconductor plate strengthens collectively

On the news side, SMIC released results that the company's consolidated operating income in the fourth quarter of 2021 was 10.26 billion yuan ($1.62 billion), an increase of 53.8% over the same period last year, an all-time high. The operating profit in the fourth quarter was 4.092 billion yuan, an increase of 248.9% over the same period last year; the net profit belonging to shareholders of listed companies was 3.414 billion yuan, up 172.7% from the same period last year; and the net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was 1.479 billion yuan, an increase of 3553.6% over the same period last year. Preliminary statistics show that the company's total revenue last year was 35.63 billion yuan, an annual increase of 29 percent, and a net profit of 10.73 billion yuan, an annual increase of 147.7 percent.

Focus of CBBC

Meituan (03690)

Meituan Niu Certificate (59089)Maturity date: June 2022

Recovery price: 165.88Leverage: 10.55 times

The official media pointed out that it is not an order to guide the takeout platform to reduce fees.

A commentary article in the Chinese state-run Economic Daily pointed out that recently, 14 mainland departments jointly issued "some policies on promoting the recovery and Development of difficult Industries in the Service sector." among the 43 rescue measures, only focusing on "guiding Internet platform enterprises such as takeout to further lower the service charge standards of merchants in the catering industry" is a bit over-reacting.In addition, the policy is about "guidance", not an order. it aims to encourage government departments, large platforms and small businesses to join hands to tide over the difficulties together. The commentary pointed out that the full text of the relevant policy is more than 5000 words, and only one or two words are mentioned about the platform economy, and its original intention is not to target the platform economy.As a matter of fact, in the rescue policy implemented with the central finance and government departments as the main body, the platform enterprises have become the contributors with high expectations, which precisely shows that the important position of the platform enterprises in the economy and society has been recognized and can link up with tens of thousands of market subjects. there is a lot to be done in the future. The reduction of service charges may affect the valuation logic of the platform economy, but it does not mean that the prospects of platform enterprises are worrying. At present, the service industry is not only trapped by commission, rent, labor and other costs, but also the lack of willingness to spend, and the latter may be more crucial. Because when consumption is strong enough, businesses will be able to resolve all kinds of costs, but if people do not spend, businesses have no income, even if the commission is reduced from 20% to 2%. If the business closes down, or barely supports but the income is very small, no matter how high the commission proportion set by the platform is, it will not be able to collect the money. From this point of view, the relationship between platform enterprises and merchants and consumers is very close.

Inflow of derivatives funds/Outflow

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