China Brief

快讯

• January 24, 2025 The 25th day of the lunar month, China Economic Update

  1. BIWIN Storage announced that it is expected to have a net profit of 160 million yuan to 200 million yuan in 2024, turning losses into profits.

  2. *ST Jinke announced that it is expected to have a net loss of 20.5 billion yuan to 28.5 billion yuan in 2024, and the company's stock trading may be superimposed on the implementation of delisting risk warning.

  3. Alcoholic Liquor announced that the expected net profit in 2024 will decrease by 97.26%-98.17% year-on-year.

  4. Shede Liquor announced that its net profit in 2024 is expected to drop by 76% to 82% year-on-year.

  5. Rongsheng Development announced that it is expected to have a net loss of 7.2 billion yuan to 9.5 billion yuan in 2024.

  6. Welltech announced that the expected loss in 2024 is 16 million yuan to 24 million yuan, and it will be subject to a delisting risk warning after the disclosure of the annual report.

  7. Chenming Paper announced that it is expected to have a net loss of 6.5 billion to 7.5 billion yuan in 2024.

  8. Century Dingli announced that Xu Zequan, the general manager, voluntarily gave up receiving remuneration until the company achieved positive net profit for two consecutive quarters.

  9. Lens Technology revealed in the record of investor relations activities that it cooperated with Zhiyuan Robotics Co., Ltd. to successfully deliver Lingxi X1 humanoid robot related products in batches.

  10. Aluminum Corporation of China announced that it is expected to achieve a net profit of 12 billion yuan to 13 billion yuan in 2024, an increase of 79% to 94% year-on-year.

  11. Xingguang Agricultural Machinery announced that the stock may be subject to delisting risk warning.

  12. Changyao Holdings announced that the company's stock trading may be subject to delisting risk warning.

  13. AVIC announced that it intends to change the abbreviation of the securities to "AVIC Chengfei".

  14. Aisen shares announced that it intends to purchase a controlling stake in Yunuo New Materials, and the stock is suspended.

  15. Tianqi Lithium announced that it is expected to have a net loss of 7.1 billion yuan to 8.2 billion yuan in 2024.

  16. Allwinner Technology announced that the non-net profit deducted in 2024 is expected to increase by 1456%-1951% year-on-year.

  13 hours ago

• January 24, 2025 The 25th day of the lunar month, China Industry Briefing

  1. He Yadong, spokesman of the Ministry of Commerce, said at a press conference on the afternoon of January 23 that in 2025, the Ministry of Commerce will expand opening up and continue to relax market access. At present, the restrictions on foreign investment access in our manufacturing industry have been cleared. In the next step, we will steadily promote the opening up of the service industry and promote the expansion of pilot opening-up in the fields of telecommunications, medical care, and education. At the same time, we will also revise and expand the catalogue of industries that encourage foreign investment to enhance the attractiveness of investment policies.

  2. Industry insiders believe that AI toys are one of the best landing scenarios for the current large model on the hardware side, and now, not only listed companies are laying out AI toy products, but also many start-ups have emerged and obtained tens of millions of yuan in financing. According to the data, the global AI toy market is expected to grow from about $8.7 billion in 2022 to $35.11 billion in 2030, with a compound annual growth rate of more than 16%.

  3. The responsible comrade of the low-altitude economic development department of the National Development and Reform Commission presided over the meeting to convey the requirements of the deployment and strengthen safety supervision, emphasizing that it is necessary to adhere to the control in order to let go, effectively strengthen the risk awareness, adapt measures to local conditions, grasp the rhythm, and gradually release the vitality of low-altitude economic development.

  4. A number of international standard proposals for intelligent networked vehicles jointly developed by China and Germany, Japan, South Korea, the United Kingdom and other countries have been successfully approved by the International Organization for Standardization, including four relevant standards for driving assistance or automatic driving, including the test method of the door opening warning system, the test method of the rear traffic crossing prompt system, the test method of the combined driving assistance system and the natural language description method of the autonomous driving scene.

  5. Douyin Group will build a tertiary hospital in Beijing on the hot search. Relevant people familiar with the matter said that the proposed new hospital is a new campus of the US-China Airy Cancer Hospital under the US-China Yihe Group, and it is not a new business.

  6. According to institutional research, considering the basic completion of stocking in the downstream before the holiday and the continuity of large-scale chemical production, it is expected that the polysilicon inventory will show signs of upward trend in early February. Downstream cell factories entered the holiday season, reducing and suspending production significantly, weakening demand for wafer procurement, and slowing down overall transactions. In addition, wafer trading volume shrank in the price increase range, and downstream resistance to high-priced wafers appeared.

  7. The first general meeting of the Chinese Football Professional League Federation was held in Beijing, and the conference read out the administrative license decision of the Ministry of Civil Affairs on approving the establishment and registration of the Chinese Football Professional League Federation, and the Chinese Football Professional League Federation was formally established, marking the official implementation of the reform of the separation of management and management of the Chinese Football Professional League.

  8. According to the Charging and Swapping Branch of the China Association of Automobile Manufacturers, as of the end of December 2024, the total number of electric vehicle charging facilities in China will reach 12.818 million units, a year-on-year increase of 49.1%; Among them, there are 3.579 million public charging facilities and 9.239 million private charging facilities. From January to December 2024, the increase in China's electric vehicle charging facilities will be 4.222 million units, with an average monthly growth of 352,000 units.

  13 hours ago

• January 24, 2025 The 25th day of the lunar month, China International Briefing

  1. The Ministry of Commerce held a regular press conference. The reporter asked that the US side said that it may start imposing a 10% tariff on China on February 1. He Yadong, spokesman of the Ministry of Commerce, said that China's position on the tariff issue is consistent. Tariffs are not good for both China and the United States, nor for the whole world. China is ready to work with the US to promote the stable, healthy and sustainable development of China-US economic and trade relations in accordance with the principles of mutual respect, peaceful coexistence and win-win cooperation.

  2. At a regular press conference held by the Ministry of Commerce yesterday, reporters asked questions that Trump signed an executive order to postpone the ban on the short video social media platform TikTok, and said that TikTok needs to sell 50% of its shares to U.S. companies and the U.S. government. Spokesman He Yadong said that China has always respected and safeguarded the legitimate and lawful rights and interests of enterprises, and opposes practices that violate the basic principles of the market economy and harm the legitimate interests of enterprises.

  3. Dutch Prime Minister Shoff said in an interview a few days ago that the Dutch government wants to decide what kind of policy to implement on the issue of Dutch lithography giant ASML exporting products to China. Schoff said that the Netherlands maintains good trade relations with China and will exchange views with China on relevant issues.

  13 hours ago

• 【Daily Newsletter】Friday, January 24th

  【Daily Newsletter, One Minute to Know the World】Good morning! Friday, January 24, 2025

  1. Blizzard Blue Warning: Heavy snow in some areas of Qinghai, Gansu, Ningxia, Shaanxi, Henan and other places, local blizzard;

  2. 18 departments issued: The personal information of children in difficult circumstances must not be used for fundraising or live streaming;

  3. The trade-in of electric bicycles will continue to be supplemented this year: the price shall not be increased first and then subsidized, and the use of payment and reduction will be encouraged;

  4. Bureau of Statistics: In 2024, China's scientific research funding will exceed 3.6 trillion yuan, an increase of 8.3% over the previous year, and the total investment will be the second in the world;

  5. Shanghai: HPV vaccination for males aged 9 to 26 is in full swing; WeChat search: daily information briefing

  6. Henan: 7% discount on tolls for eligible pure electric trucks through toll sections;

  7. Nongfu Spring Zhong Sui: A new type of university that is not available in China will be established, and 40 billion yuan will be donated in ten years;

  8. Douyin plans to build a joint venture hospital in Beijing: it is a new campus of Byte's cancer hospital, which is not a new business;

  9. The Thai Prime Minister plans to visit China in early February, Thai media: It aims to rebuild the confidence of Chinese tourists to travel to Thailand;

  10. South Korea's Public Investigation Office: Decided to transfer the case of Yoon Suk-yeol suspected of "initiating civil unrest and abusing power" to the procuratorate;

  11. Trump signed an executive order to release classified documents related to the JFK assassination;

  12. The United States will redesignate Yemen's Houthis as a "foreign terrorist organization", and Israel welcomes it.

  Life gives me a punch, but I'm out of the cloth.

  13 hours ago

• "Post-95" female second lieutenant, won the second-class meritorious service!

  RecentA brigade of the 72nd Army of the Army"Honor to Hometown" activityAccompanied by the sound of festive gongs and drumsSend the good news teamCame to Huanggang City, Hubei ProvinceNanmen Community, Qichun CountyTo the second lieutenant of the brigade Yu Peiand his family members sent second-class meritorious serviceand the plaque of "Home of Second-Class Meritorious Heroes".

  

  It is reportedYu Pei's father is a retired soldierGreat-grandfather was a revolutionary martyrThree generations of the family have been in the armyContribute to the cause of national defense

  

  Grandpa said to Yu Pei"All these years of your efforts in the armyWe're all looking at itThe family is proud of you

  I hope you will make new contributions in the army."

  

  Yu Pei was born in 1997

  He joined the army in 2018

  After participating in the special forces selection

  Someone advised her

  "The special forces are bitter

  A lot of boys can't bear it

  Besides, you're a girl."

  Yu Pei did not hesitate

  Choose to challenge yourself

  

  In order to adapt to the intensity of training of special forces

  No matter how cold or hot it is

  Yu Pei runs 5 kilometers every day

  It doesn't matter how tiring it is to train during the day

  Always insist on physical fitness before going to bed

  With this hard work

  Her military qualities have grown by leaps and bounds

  

  Early 2024

  The Army held a seminar and observation of pedagogy

  Yu Pei led a women's special combat team to tackle key problems day and night

  Finished to a high standard

  The Army's "Guo Xingfu-style" teaching method in the new era

  Lesson presentations

  Achieve starting hits and serve hits

  

  Since enlistment

  Yu Pei was commended by the group army

  Excellent "four will" coach pacesetter

  He was awarded 1 second-class merit and 2 third-class merits

  

  
  Kudos to Yu Pei

  2 days ago

• The domestic tourism in China reached 5.615 billion visits!

  On the 22nd, it was learned from the Ministry of Culture and Tourism that based on the statistics of domestic tourism sample surveys, in 2024, the number of domestic tourists was 5.615 billion, an increase of 724 million compared with the same period of the previous year, representing a year-on-year growth of 14.8%. Among them, the number of domestic tourists from urban residents was 4.370 billion, an increase of 16.3% year-on-year; the number of domestic tourists from rural residents was 1.245 billion, an increase of 9.9% year-on-year.

  
  By quarter, the number of domestic tourists in the first quarter was 1.419 billion, an increase of 16.7% year-on-year; in the second quarter, it was 1.306 billion, an increase of 11.8% year-on-year; in the third quarter, it was 1.512 billion, an increase of 17.2% year-on-year; and in the fourth quarter, it was 1.378 billion, an increase of 13.2% year-on-year.
  In 2024, the total expenditure of domestic tourists was 5.75 trillion yuan, an increase of 840 billion yuan compared with the previous year, representing a year-on-year growth of 17.1%. Among them, the expenditure of urban residents was 4.93 trillion yuan, an increase of 18.0% year-on-year; the expenditure of rural residents was 0.83 trillion yuan, an increase of 12.2% year-on-year.

  

  2 days ago