In October, sales of 100,000 new energy vehicles were +19% month-on-month and +105% year-on-year, exceeding market expectations. According to data from the China Automobile Association, in October, my country’s new energy vehicle production/sales was 17/100,000 units, which was +16%/+19% month-on-month and +67%/+105% year-on-year, continuing to maintain rapid growth. From January to October 2020, the cumulative production/sales of 9.4/901,000 vehicles was -2%/-1% year-on-year, and the rate of decline was further narrowed. In terms of vehicle types, new energy passenger vehicles sold 180,000 units in October (+113% year-on-year), of which EV and PHEV sold 120,000 units (+129% year-on-year) and 60,0Own stock00 units (+67% year-on-year). In addition, 20,000 commercial vehicles were sold (-9% quarter-on-quarter, +34% year-on-year). The high year-on-year increase in sales in October is related to the low base due to the decline in subsidies in 2019. On the other hand, thanks to the continued favorable external policy environment and the intensive launch of high-quality models in the second half of the year, the new energy market is steadily rising.
For Hualin Securities, whose net profit in the first three quarters increased by more than 100% year-on-year, its net investment banking fee income in the first three quarters was 1.6 billion yuan, a year-on-year increase of 1266%, mainly due to the increase in securities underwriting business. With the increase in the net income of the securities brokerage business, the commission of the company's brokerage business also achieved a high growth of 70.84%.
Tea is a huge market, with many types and complex standards, which restrict the growth of large-scale enterprises. However, with the massive intervention of capital, a number of leading enterprises will surely emerge. This is a trend. Some brokerages said.
Regarding the recent strong rise in the A-share liquor sector, Liu Qingshan pointed out that the moat of liquor in the consumer sector is certain. Although it faces adjustment pressure in the short term, in the long run, the industry structure is stable, and some companies with wide moats still have great potential.
In 2019, natural gas consumption increased by 25.1 billion cubic meters over the previous year, an increase of 9%. In the future, as the coal-to-gas project slows down, the growth rate of natural gas demand is expected to slow down. In addition, the Sino-Russian east route natural gas pipeline is put into production, domestic natural gas is produced on a large scale, and the supply of natural gas resources has grown rapidly. After the LNG receiving station project is put into operation, the risk of excess imported LNG resources will be highlighted . In the context of oversupply, the growth of gas sources will be mainly based on domestic gas and imported LNG spot, both of which are low-priced gas sources. It is expected that during the 14th Five-Year Plan period, the cost of domestically produced LNG will decrease, but the price of LNG delivered from receiving stations will be more competitive and increase at a faster rate.
From the ups and downs around the Spring Festival since 2001, it can be clearly seen that there is a very obvious Spring Festival market effect in A shares: 5 trading days before the Spring Festival, the probability of A shares rising is 84Own stock%; 5 trading days after the Spring Festival, the probability of rising Up to 79%, that is to say, holding shares for the Spring Festival is a statistically dominant strategy.
The IPO registration system is inclusive and open. It sets an incentive mechanism for “excellent access”, encourages innovation and the new economy, supports economic transformation and industrial upgrading; the latest delisting system matches the IPO registration system, and it sets A mandatory restraint mechanism for the'withdrawal of the inferior' is established. The IPO registration system and the new delisting system complement each other and jointly create a new ecology of orderly advance and retreat, big waves, survival of the fittest, and resource allocation, thereby enhancing the pattern and effectiveness of the capital market and better serving the real economy. Dong Dengxin, director of the Institute of Financial Securities, Wuhan University of Science and Technology, analyzed this way.