Category: Flash News

On March 27th, artificial intelligence (AI) has boosted investment and research efficiency, driving transformation not only for securities analysts but also for research institutes themselves. In this efficiency revolution, securities research institutes need to seek future directions in various aspects such as manpower, organization, and technology investment. Recently, reporters interviewed professionals from several large securities research institutes. Some interviewees expressed that “AI equality accelerates the shift of seller research towards depth,” while others bluntly stated that “the seller research industry may face a reshuffle of the waves and sands. Another interviewee suggested that ‘private domain digital assets will be the cornerstone of the institute’s future differentiated services’. Overall, in the context of the new regulations on public offering commissions, AI has brought more possibilities for securities research institutes to build differentiated development paths, while also driving securities research institutes to pay more attention to valuable research work. (Securities Times)

On March 27th, with the disclosure of the 2024 annual report, the operating performance of a group of fund companies controlled and invested by listed companies has been announced. Overall, the profit differentiation of fund companies is obvious, and the top fund companies have relatively rich and diverse product lines, resulting in little change in overall operating performance compared to the previous year; On the other hand, small and medium-sized fund companies, due to their single business, have been greatly affected by last year’s fund fee reduction, resulting in a significant decline in their operating performance.

On March 27th, Alibaba released the latest flagship model of the Tongyi Qianwen series, Qwen2.5-OMni. This end-to-end multimodal model is designed for a wide range of multimodal perception, capable of processing various inputs such as text, images, audio, and video, while providing real-time streaming responses through text generation and synthesized speech.

On March 27th, the first trial panel of the Brazilian Federal Supreme Court unanimously decided on March 26th local time to formally accept the criminal charges brought by the Prosecutor General’s Office against former President Bolsonaro and several political allies. Eight accused individuals will be subject to criminal trial as defendants.

On March 27th, French President Macron held a joint press conference with Ukrainian President Zelensky after meeting at the É lys é e Palace on March 26th local time. Macron announced that he will provide an additional 2 billion euros in military aid to Ukraine, including armored vehicles, ammunition, drones, and more.

On March 27th, there was a signal of recovery in the photovoltaic industry. Since hitting bottom in the second half of last year, prices of products such as crystalline silicon photovoltaic modules and photovoltaic grade polycrystalline silicon have rebounded to varying degrees so far. Ding Zhenyu, Senior Investment Advisor of Shaanxi Jufeng Investment Information Co., Ltd., said in an interview, “From the demand side, the concentrated launch of distributed photovoltaic projects under the ‘rush to install’ in China, coupled with the recovery of overseas markets, has jointly promoted the recovery of market demand. From the supply side, top enterprises actively control production capacity, combined with the inventory consumption of low-priced products by some second tier enterprises in the early stage. The supply and demand sides have jointly promoted the rise in prices of photovoltaic industry chain products

On March 27th, with the full implementation of the new delisting regulations this year, listed companies that violate major information disclosure laws or engage in financial fraud will immediately face delisting risk warnings, especially after being dealt with by * ST, their delisting risks will significantly increase. According to Wind data, as of March 26th, 22 listed companies have issued relevant notices of delisting risk warnings for stock trading during the year, which is a significant increase compared to the same period last year with 3 companies.

On March 27th, minutes from the Bank of Canada meeting showed that without the threat of tariffs and increased uncertainty, interest rates may remain unchanged at 3%. Some members suggest keeping interest rates unchanged until the impact of tariffs is unclear; Other members believe that the threat and uncertainty of tariffs are enough to change the outlook, so it is worth cutting interest rates.

On March 26th, CR Vanguard announced on the Hong Kong Stock Exchange that its annual revenue for the year ended December 31, 2024 was RMB 17.043 billion, a year-on-year increase of 15.4%; The profit attributable to the company’s shareholders was RMB 3.629 billion, a year-on-year increase of 23.9%. The board of directors recommends declaring a final dividend of RMB 0.643 per share for the year ended December 31, 2024, and a special dividend of RMB 0.614 per share for the year ended December 31, 2024.

On March 26th, according to a research report by CITIC Securities, the AI industry chain is facing a turning point from performance to market share, and from technological value to commercial value. Currently, both hardware and software in the AI industry chain are resonating at the same frequency, showing an accelerating trend. It is recommended to pay attention to the continuous changes in the AI industry: 1. Continuously support the development of the underlying computing power industry chain with capital from many large companies. a) The demand for AIDC as the underlying foundation of the AI industry chain continues; b) Autonomous and controllable computing power chips are imperative; c) The increasing demand for model privatization is beneficial for all-in-one, hyper converged, and B2B service outsourcing enterprises. 2. Beneficial for B-end and C-end software enterprises with sufficient industry knowledge and data accumulation, sufficient customers, and specific application scenarios. a) The logic of OA+ERP becoming the entrance for B-end agents remains unchanged; b) Pay attention to the implementation of AI in vertical scenarios such as B-end general, government, finance, energy, industry, and marketing; c) Good news for 2C companies with accumulated users and products; 3. We are optimistic about the construction of supporting infrastructure for the AI industry chain and suggest paying attention to data processing and big model security vendors.