On Tuesday morning trading, the three major A-share indexes opened low and rose high, all ending morning trading in red. As of noon close, the Shanghai Composite Index rose 0.51%, the Shenzhen Component Index rose 0.98%, and the ChiNext Index rose 0.86%. Overall, individual stocks rose more than fell, with over 4200 stocks rising in the entire market. The half day transaction volume of the Shanghai and Shenzhen stock markets is 527.7 billion yuan. Northbound funds bought a net of 6.519 billion yuan in half a day.
On the market, individual stocks in the automotive industry chain showed active performance, with Zotye Automobile hitting the daily limit; The education sector surged and strengthened, with Meijin hitting the daily limit; The sectors such as humanoid robots and CPO also saw the highest gains; Coal and a few other sectors fell.
In terms of individual stocks, Kelai Electromechanical hit the daily limit again in the early trading session, achieving 13 consecutive rebounds. Yesterday, the stock surpassed the 11 consecutive board trading record set by the "Huazi Generation" individual stock Shenzhen Zhonghua A at the beginning of the year, becoming the new "consecutive board trading king" of the A-share market in 2024. This morning, it once again broke the record.
In the afternoon, A-share ZTE rose to the limit, while Hong Kong stock ZTE rose by over 8%.
Kelai Electromechanical walked out of 13 boards
In the morning trading, Kelai Electromechanical once again hit the limit up, achieving 13 consecutive rebounds. As of noon closing, the stock price was at 41.03 yuan, with a turnover rate of 19.36%. Yesterday, the stock surpassed the 11 consecutive board trading record set by the "Huazi Generation" individual stock Shenzhen Zhonghua A at the beginning of the year, becoming the new "consecutive board trading king" of the A-share market in 2024. This morning, it once again broke the record.
Public information shows that Kelai Electromechanical's main business is intelligent equipment business and automotive parts business. Market insiders believe that the sharp rise of Kelai Electromechanical is mainly due to the integration of hot topics such as artificial intelligence and new quality productivity, coupled with the effect of the company's annual performance forecast, which has gained the favor of short-term hot money.
On the evening of January 25th, Kelai Electromechanical released a performance increase announcement for 2023, which is expected to achieve a net profit attributable to the parent company of 91.4799 million yuan to 97.9221 million yuan in 2023, a year-on-year increase of 42.00% to 52.00%.
For the recent surge in stock prices, Kelai Electromechanical has repeatedly issued abnormal stock volatility announcements, indicating risks. On the evening of February 26th, Kelai Electromechanical once again warned of risks, stating that due to the recent large fluctuations in trading volume and turnover rate of the company's stocks, there may be risks of market sentiment overheating and irrational speculation. The company reminds investors to make rational decisions and invest prudently.
On the same day, Kelai Electromechanical also disclosed replies from the company's controlling shareholders and actual controllers regarding abnormal fluctuations in stock trading.
The announcement shows that as of now, there are no major asset restructuring, share issuance, major transaction related matters, business restructuring, share repurchases, equity incentives, bankruptcy restructuring, major business cooperation, and introduction of strategic investors that are being planned for listed companies. The controlling shareholder and actual controller did not buy or sell the company's stocks during the period of stock changes, and there were no other significant events that may have a significant impact on the company's stock price. There were no other undisclosed matters that should have been disclosed.
The automotive sector is strengthening
Ideal cars have risen by over 20%
In the early morning trading, the automotive sector strengthened, with Zotye Automobile hitting the daily limit, while Celes, Zhongtong Bus, Jianghuai Automobile and others rose sharply.
In the Hong Kong stock market, the automotive and automotive parts sectors have also risen. As of the time of publication, Ideal Automobile has risen by over 20%, with Wuling Automobile, Zero Run Automobile, New Focus and other stocks ranking among the top performers.
On February 26th, Ideal Automobile disclosed its unaudited financial performance for 2023, with a revenue of 41.73 billion yuan in the fourth quarter of 2023; In 2023, the company achieved a total revenue of 123.85 billion yuan, a year-on-year increase of 173.5%; The net profit reached 11.81 billion yuan, achieving a full year profit for the first time.
Guotai Junan believes that the passenger car market in 2024 will still be a year of upward upgrading of domestic brands and continued volume expansion in overseas markets, with a clear logic of both quantity and price. Since December 2023, the pre Spring Festival promotions of new energy and fuel brands have caused disruptions to the sales structure. It is expected that the sales structure of passenger cars will gradually return to normal starting from March this year. At a relatively low base, the performance of component companies in the first quarter of 2024 is expected to continue its high year-on-year growth.
The education sector is fluctuating and rising
In early trading today, the education sector fluctuated and rose, with Meijin hitting the limit up, while Angli Education and Kaiyuan Education rose by over 4%, while Kede Education and Xueda Education followed suit.
On the news, the Ministry of Education recently announced the list of artificial intelligence education bases in primary and secondary schools, with 184 schools selected. The Ministry of Education stated that the recommendation of artificial intelligence education bases for primary and secondary schools aims to further explore new concepts, models, and plans for artificial intelligence education through pilot projects, and promote the in-depth development of artificial intelligence education in primary and secondary schools.
