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Baidu's "Rampage" Unmanned Driving Ignites Stock Price! New stocks in Shenzhen and Hong Kong are soaring together!

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The A-share market experienced a narrow range of volatility this morning, with the automotive industry chain sector leading the way, with major indices showing mixed gains and losses.
The performance of new stocks continues to be impressive. Today, there is a new stock listed in the A-share market, which is Qiao Feng Intelligence. The stock rose nearly 130% in the afternoon trading session.
The performance of new stocks in the Hong Kong stock market is also impressive, with Ruichang International Holdings listed today, with a maximum intraday increase of over 40% in the morning.
In addition, in the Hong Kong stock market, Baidu Group SW rose sharply, with an intraday increase of over 12%.
The A-share market experienced narrow fluctuations, with the automotive industry chain sector leading the way in gains

The A-share market fluctuated narrowly this morning.
In terms of major industries and tracks, the automotive industry chain sector led the rise, with multiple stocks hitting the limit up or rising by more than 10%.
The beauty care, non banking finance, electronics and other sectors performed well in the morning. The performance of sectors such as coal, utilities, and media was weak.
In terms of concept sectors, concepts such as tire pressure monitoring and vehicle road cloud saw the highest growth.
For some stocks with significant fluctuations in stock prices, ST Yishite has hit the limit down for the second consecutive trading day at 20cm.
Not long ago, Yishite announced that recently, the company and relevant responsible persons received the "Administrative Penalty and Market Entry Prohibition Notice" (Punishment Letter (2024) No. 88) issued by the China Securities Regulatory Commission. According to the Administrative Penalty Notice, there are false records in the annual reports disclosed by the company for the years 2017 to 2021. Specifically, the "Administrative Penalty Notice" points out that Yishite is suspected of falsely increasing operating income, operating costs, and total profits by conducting false trade business. In 2017, from 2019 to 2021, Yishite was suspected of engaging in false business with clients such as Hangzhou Hechen Technology Co., Ltd. without any substantial business operations; In addition, Yishite is suspected of artificially increasing operating income and costs by conducting financing related procurement and agency businesses; Suspected of artificially increasing operating revenue and costs by conducting data center integration business with financing nature.
The announcement states that according to Article 9.4 of the Shenzhen Stock Exchange Growth Enterprise Board Listing Rules (Revised in 2024), "If a listed company encounters any of the following situations, this exchange will implement other risk warnings for its stock trading: (7) According to the facts stated in the China Securities Regulatory Commission's Administrative Penalty Prior Notice, the financial indicators disclosed in the company's annual report contain false records, but do not fall under the circumstances specified in Article 10.5.2, Paragraph 1. The aforementioned financial indicators include operating income, total profit, net profit, and asset or liability accounts in the balance sheet." The company's stock trading will be subject to other risk warnings.
According to the above regulations, Yishite was issued with other risk warnings on July 9, 2024, and resumed trading from the opening of the market on July 9, 2024. After the implementation of other risk warnings, the daily rise and fall limit of the company's stock trading is 20%.
New stock Qiao Feng Intelligent rose nearly 130% during intraday trading

Today, there is a new stock listed on the A-share market, which is Qiao Feng Intelligence.
Market data shows that Qiao Feng Intelligent rose nearly 130% in mid afternoon trading.
According to the prospectus, Qiao Feng Intelligence is a high-tech enterprise specializing in the research and development, production, and sales of CNC machine tools. The company has been deeply involved in the machine tool industry for many years and has been committed to developing domestically produced modern "industrial mother machines" with high precision, reliability, efficiency, and intelligence, providing higher quality CNC machine tool equipment for the transformation and upgrading of intelligent manufacturing. The company's existing products include over 80 types of mid to high end models, including vertical machining centers, gantry machining centers, and horizontal machining centers. The company's products are widely used in general equipment, consumer electronics, automotive parts, molds, engineering machinery, military industry, energy, medical equipment, aerospace, 5G communication and other industries.
According to the prospectus, the company currently ranks among the top in the sub industry scale of metal cutting machine tools in China. It is one of the third batch of specialized, refined, and innovative "little giant" enterprises announced by the Ministry of Industry and Information Technology of the People's Republic of China. Its products have won awards such as "Guangdong Province High tech Products", "Guangdong Province (Industry) Famous Brand Products", "China Top Ten Brand Awards for Good Machine Tools", and "China (Tianjin) International Equipment Manufacturing Expo Best Industrial Design Award". The company attracts industry talents with a global perspective and has formed a professional team with senior industry management and technical experience for various types of machine tools. It adheres to the three core concepts of "customer, quality, and technology" and aims to manufacture world-class CNC machine tools. After years of development, the company has established a relatively complete research and development, manufacturing, and sales system around CNC machine tools, established a good brand image and market reputation in the industry, and accumulated rich customer resources.
Baidu Group - SW saw a surge in intraday gains of over 12%

The overall performance of the Hong Kong stock market was good in the afternoon session.
Among the constituent stocks of the Hang Seng Index, Baidu Group SW led the rise, with an intraday increase of over 12%.
On the news side, Guotai Junan Research Report pointed out that Carrot Run is expected to achieve profitability in the unmanned ride hailing business model. Radish Run is an autonomous driving travel service platform under Baidu, which has opened manned testing and operation services in 11 cities, and conducted fully unmanned autonomous driving travel service tests in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai.
Nongfu Spring, China Resources Beer, and others ranked among the top performers.
Hong Kong stock Ruichang International Holdings was listed today, with the largest intraday increase exceeding 40% this morning.
According to the data, the company is a petroleum refining and petrochemical equipment manufacturer headquartered in Henan Province, China, mainly providing (i) sulfur recovery equipment and volatile organic compound incineration equipment; (ii) Catalytic cracking equipment; (iii) Process burner; (iv) Heat exchanger. The history of the company can be traced back to January 1994, when its main operating subsidiary, Luoyang Ruichang, was established in Luoyang, China.
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