Sankei View ｜ GDP grew by 2.5% year-on-year in the first half of the year, photovoltaics became a new growth point for TCL, and Ziguang Group’s reorganization ended…
Macro
In the first half of the year, GDP grew by 2.5% year-on-year.
The National Bureau of Statistics released the operation of the national economy in the first half of 2022 on the 15th. The GDP in the first half of the year was 56.2642 trillion yuan, calculated at constant prices, an increase of 2.5% year-on-year.
[Comments] The trend of China’s economy in the first half of the year is equivalent to a V-shaped change. In January and February this year, the economy maintained good growth. In March, the economy declined. In April, the main economic indicators fell deeply. In May, the decline of the main economic indicators narrowed. In June, the economy stabilized and rebounded. In the second quarter, the economy withstood pressure and achieved positive growth. The overall trend of "downward → stabilized → rebounded" shows that China’s economy has withstood challenges, difficulties and uncertainties. It has strong resilience and great potential. Macroeconomic policies are scientific and awesome.
The first anniversary of the operation of the national carbon market
On July 15, the first anniversary of the national carbon market was held in Wuhan. Since the official launch of the national carbon market on July 16, 2021, the basic framework has been initially established.
[Comments] The national carbon emission trading market is not only an important policy tool for implementing the "dual carbon" goal, but also an important engine for addressing climate change and promoting green and low-carbon development. Effective play of the function of the carbon market is a long-term work to promote the healthy development of the carbon market.
Finance
Guangdong issues document to promote the development of green finance
On July 13, the Guangdong Provincial Government released the "Implementation Plan for the Development of Green Finance in Guangdong Province to Support Peak carbon dioxide emissions Action" on its official website, requiring that by 2025, a green financial service system compatible with peak carbon dioxide emissions should be basically established, green financial standards in key areas should be basically improved, and risk control systems should be continuously improved.
Coordinate the province’s green financial development and green financial security, explore new green and low-carbon investment and financing models and new paths, and provide solid financial support for Guangdong’s green development and economic transformation.
Xinhua Insurance’s total insurance premiums increased by 2% in the first half of the year
On the evening of July 14, Xinhua Insurance released the 2022 semi-annual insurance premium income announcement and performance pre-reduction announcement. The announcement shows that in the first half of the year, Xinhua Insurance has achieved a total of 102.586 billion yuan in original insurance premium income, an increase of 2.0% year-on-year.
[Comments] Xinhua Insurance actively promotes the implementation of the "14th Five-Year Plan", which takes the three major projects of marketing channel capacity building, science and technology empowering, and health care coordination as the breakthrough point to drive the company’s core capacity building and high-quality development.
Technology
Guangzhou launches the first list of the top 100 listed companies
On July 12, the first selection of the top 100 high-tech enterprises to be listed in Guangzhou and the training plan for high-tech enterprises to be listed were officially launched. Under the guidance of the Guangzhou Municipal Bureau of Science and Technology, the selection was sponsored by Guangzhou Industrial Investment Group, undertaken by Guangzhou Science and Technology Finance Group, and co-organized by Guangzhou Science and Technology Financial Comprehensive Service Center, Greater Bay District Science and Technology Innovation Service Center, Guangzhou High-tech Enterprise Association and other units. The selection will follow the idea of "science and technology, technology industrialization, product industrialization, and industrial capitalization", and adhere to the simultaneous listing of domestic and overseas listings. The main board, small and medium-sized board, growth enterprises market, science and technology innovation board and other market sectors are equally emphasized, and the listed high-tech "new force" will be selected.
[Comments] The selection of the list is a technical path, and the ultimate goal is to effectively promote the high-quality and high-quality development of Guangzhou with practical services. Focusing on the list companies, within the existing scientific and technological innovation policy framework of the Municipal Science and Technology Bureau, the list companies will focus on key core technology research, incubation and cultivation, and talent support
Photovoltaic rising panel fell TCL technology first half net profit 1.85 billion yuan – 2.05 billion yuan
On the evening of July 14, TCL Technology announced the first half of 2022 performance forecast, the company is expected to achieve operating income of 84 billion yuan – 85.50 billion yuan, an increase of 13% -15%; is expected to achieve net profit of 1.85 billion yuan – 2.05 billion yuan, down 78% -80%.
TCL Technology’s photovoltaic business continues to rise. The core panel business is at the bottom of the cycle. In the case of sluggish consumption at the end point, the industry has recently encountered a severe wave of cutting orders. Under the superposition of various factors, the panel boom has declined this year, especially the price of large-size LCD panels has continued to decline, so panel manufacturers’ profits are under pressure, and TCL Technology is also affected.
Panel has always been a cyclical industry. In recent years, with the increase in domestic production capacity, companies have become more mature in their strategies to cope with the cycle. Many industry experts believe that in the current complex situation, panel manufacturers should further reduce costs and increase efficiency.
Tencent CSIG established a government-enterprise business line
On July 12, Tencent Cloud and Smart Industry Business Group (CSIG) announced the establishment of a government-enterprise business line, which will be deeply involved in the fields of government affairs, industry, energy, cultural tourism, agriculture, real estate, sports, operators, etc. Li Qiang, vice president of Tencent, became the president of the government-enterprise business line, fully responsible for industry team management and regional business development.
From the establishment of the smart industry and service industry business line last year to the government-enterprise business line this time, it also marks that Tencent CSIG’s strategy and formation for the government-enterprise market have become more clear, and will focus on consolidating the important positions in the To B and To G markets.
The reorganization of Ziguang Group has been completed, and the equity delivery has been completed
On the afternoon of July 11, Ziguang Group and its subsidiaries announced that in accordance with relevant laws and regulations and the provisions of the "Reorganization Plan", Ziguang Group had completed the registration procedures for industrial and commercial changes of the company’s equity and new directors, supervisors and general managers on the same day. The two original shareholders, Tsinghua Holdings Co., Ltd. and Beijing Jiankun Investment Group Co., Ltd. all withdrew, and Beijing Zhiguangxin Holdings Co., Ltd. (hereinafter referred to as "Zhiguangxin Holdings"), a holding platform established by the strategic investor "Zhilu Jianguang Consortium", took over 100% of the equity of Ziguang Group. The equity of Ziguang Group completed the delivery, marking the conclusion of the judicial reorganization implementation stage, and Ziguang Group entered a new stage of development.
Unigroup has always wanted to build a semiconductor aircraft carrier, and it is very ambitious in the industry. Over the years, it has invested heavily in acquiring many companies, and has also been labeled as a merger and acquisition madman and an aggressive investor.
real estate
In June, housing prices rose in cities, indicating a clear sign of market repair
Recently, the National Bureau of Statistics released real estate data for June. The month-on-month decline in housing prices narrowed in June, and transactions increased sharply compared with the previous month. In June, there were 31 and 21 cities in which new and second-hand housing prices rose in 70 cities, an average increase of 6 from the previous month; New and second-hand housing prices fell in 38 and 48 cities, respectively, an average decrease of 5 from the previous month; In June, housing prices rose in more cities, but market prices were still mainly falling, and the decline narrowed. In June, the price index of new and second-hand houses fell by 0.1% and 0.2% respectively, narrowing by 0.08 and 0.18 percentage points respectively from the previous month; in June, the sales and sales area of commercial housing were 1.5366 trillion yuan and 151.54 million square meters respectively, an increase of 69% and 65% respectively from the previous month.
[Comments] In June, mortgage interest rates fell and housing support policies were strengthened, which promoted the release of housing demand. Although the current monthly sales growth rate continued to expand, the sales scale was still lower than the same period last year. It is expected that the repair of market transactions in the later stage will drive prices to continue to improve month-on-month, and the market repair area will gradually expand.
"Forced loan suspension" of unfinished buildings in many places, China Banking and Insurance Regulatory Commission attaches great importance to it
Recently, the owners of unfinished real estate or suspended projects in Zhengzhou, Changsha, Wuhan, Xi’an, Nanchang, Shanghai, Chongqing and other cities jointly announced the mandatory suspension of loans, which aroused great concern. In this regard, the head of the relevant departments of the China Banking and Insurance Regulatory Commission said that recently concerned about the delayed delivery of individual real estate enterprises, the key to this matter is the "guarantee of the building", which the China Banking and Insurance Regulatory Commission attaches great importance to.
At present, 10 banks including Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, Construction Bank, Bank of Communications, Postal Savings Bank, Industrial Bank, Minsheng Bank, Ping An Bank, and China Merchants Bank have collectively issued announcements in response to the risk of "loan suspension".
[Comments] Baojiao Building is the focus of work in the second half of the year. The response of the China Banking and Insurance Regulatory Commission provides precise ideas for the next step to solve the "shutdown of work and loans", especially the idea of "Baojiao Building" is clear, and the policy focus for the second half of the year will change.
In the first week of the new Dongguan property market, market confidence has increased significantly
The cancellation of purchase restrictions in 28 towns and the minimum down payment of 20% is undoubtedly the most vigorous policy relaxation in Dongguan in recent years. Superimposed on the lower mortgage interest rate, the positive signals continue to be released, and the pace of the property market recovery accelerates. According to Kerui data, in the three days after the new policy of the Dongguan property market (July 5-7), the number of online signings for new houses in a single day exceeded 150 in a row, with an average of 158 sets per day, an increase of 2.7 times. Before that, the overall removal rate was sluggish, with an average of about 42.5 sets per day. Basically, there were few records of breaking 100 sets per day.
The new policy has effectively promoted the release of market demand through a series of means such as the relaxation of purchase restrictions and the reduction of down payment, especially the continuous entry of self-occupation and improvement demand, which has promoted the active market transactions, significantly enhanced market confidence, and expectations are gradually improving.
car
Production and sales data for the first half of the year are released
On July 11, the China Association of Automobile Manufacturers released data showing that in the first half of the year, automobile production and sales completed 12.117 million and 12.057 million vehicles respectively, down 3.7% and 6.6% year-on-year respectively. In June, automobile production and sales completed 2.499 million and 2.502 million vehicles respectively, up 29.7% and 34.4% month-on-month respectively, up 28.2% and 23.8% year-on-year respectively. The cumulative sales volume of new energy vehicles in the first half of the year was 2.60 million, an increase of 115% year-on-year. The China Automobile Association believes that in 2022, our country’s automobile sales will achieve a positive growth of about 3% year-on-year.
[Comments] Domestic automobile production and sales showed a "U-shaped" trend in the first half of the year, and have now come out of the trough in April and fully returned to normal levels. It is worth noting that the market share of new energy vehicles reached 21.6% in the first half of the year, indicating that this is no longer a niche product, and with the rapid growth of the market, the substitution effect of fuel vehicles is becoming more and more obvious.
BYD’s profit in the first half exceeded that of last year
On July 12, BYD responded to rumors of Buffett’s clearance market, "According to the relevant rules of the Hong Kong Stock Exchange and the Securities Supervision Commission, major shareholders need to declare their rights and interests to reduce their holdings. Check the equity disclosure platform of the Hong Kong Stock Exchange, and the reduction information is not displayed. The shareholders’ equity declaration shall prevail." BYD said that the company is currently operating normally, all businesses are being carried out in an orderly manner, and the sales of new energy vehicles continue to hit a record high.
[Comments] One day after responding to the rumors, BYD released its first-half performance forecast, and the net profit returned to the parent is expected to increase by 138.59% -206.76% year-on-year. BYD’s stock price, which plummeted due to rumors, immediately soared back. Whether it is future performance expectations or the confidence of the capital markets, it is quite beneficial to BYD.
The loading volume of Ningde Times accounts for nearly half
On July 11, the China Automotive Power Battery Industry Innovation Alliance released the power battery data for the first half of the year. From January to June, the power battery output in our country totaled 206.4GWh, an increase of 176.4% year-on-year; the cumulative sales of power batteries reached 205.4GWh, an increase of 253.2% year-on-year; the cumulative loading volume of power batteries was 110.1GWh, an increase of 109.8% year-on-year. On the enterprise side, the loading volume of Ningde era in the first half of the year was 52.5 GWh, ranking first with a proportion of 47.67%. BYD and China Innovation Airlines followed closely.
[Comments] Despite the pressure of rising raw material prices, the rapid growth of new energy vehicles has led to a continuous increase in demand for power batteries. The Ningde era and BYD are competing for hegemony, and second-tier battery companies are also accelerating their rise. China’s local power battery companies are showing strong competitiveness.
Toyota unveils a new generation of crown
A few days ago, the new generation of Toyota Crown is the official world premiere. In addition to the already exposed Crown crossover, this conference also includes the derivative Crown of the sedan version, the travel version and the SUV version, which will be integrated into the Crown brand in the future. The new car will be booked overseas in the fall of 2022, and will also be introduced into China as an imported car this year, and will be sold by FAW Toyota.
[Comments] Crown’s return this time is amazing to people. This time it is no longer a car, but represents a series, sedan, travel version, SUV, and maybe MPV in the future. Crown’s "family bucket" is alive. Some people say that Crown has changed its taste and has no inheritance. But considering the marginalized state of the 15th generation model, the new generation of gameplay can be regarded as an attempt to recover.
Reporter: Tang Qiaoyan, Yang Zhiming, Xu Fanghua
Reference: 21st Century Business Herald, South +