A-Share Pre-Market Report | Latest Developments in US-China Trade Talks Announced; Novo Nordisk (NVO.US) Plummets Nearly 22%
Pre-Market Highlights
1. Latest Developments in US-China Trade Talks Announced: Both Sides to Continue Promoting Tariff Suspension and Countermeasures Extension
Category: Macro
Mood Impact: Positive
The US-China trade talks were held in Stockholm, Sweden, with consensus reached that both sides will continue promoting the suspension of US tariffs on Chinese goods (24%) and Chinese countermeasures. Vice Premier He Lifeng stated that the essence of Sino-US relations is mutual benefit and win-win cooperation.
2. Novo Nordisk's Weight Loss Drug Sales Underperform, Downgrading Full-Year Guidance, and Stock Price Plummets Nearly 22%
Category: Company
Mood Impact: Negative
Novo Nordisk downgraded its full-year guidance, with revenue growth expectations lowered from 16%-24% to 10%-16%. The company attributed this to the low penetration rate of its weight loss drug Wegovy in cash payment channels, mainly due to continued attacks by "unauthorized and illegal large-scale imitation drugs". As a result, Novo Nordisk ADR plummeted 21.81%, with many US pharmaceutical stocks following suit.
3. Premier Li Keqiang: Utilize Fiscal Policy More Effectively and Increase Counter-Cyclical Adjustment Capability
Category: Macro
Mood Impact: Positive
Premier Li Keqiang proposed in his article that China should accelerate the issuance and use of special national debt, local government special bonds, and form a physical output as soon as possible. This would support the construction of new housing development models, implement urban renewal actions, and promote the continued healthy development of the real estate market.
4. Solar Energy Association Clarifies Rumors about Polycrystalline Silicon: Progress in Storage Still Uncertain
Category: Industry
Mood Impact: Neutral
The Chinese Solar Energy Association issued a clarification statement, refuting rumors that had been circulating about the solar industry's efforts to suppress polysilicon production. According to reports, this rumor may be related to the storage of polysilicon products by companies such as Xinjiang Goldwind Science & Technology Co., Ltd., Shanhe Semiconductor (Group) Co., Ltd., and other major polysilicon producers.
Investment Calendar
Chinese State Council Introduces Child Care Subsidy System
Investment Wisdom
Investment Wisdom: Market fluctuations cannot be predicted in the short term, but long-term trends can be grasped through rational analysis and patience.
[US] John Berger's "Fundamental Knowledge of Mutual Funds"
Institutional Views
1. CITIC Securities: The market will continue to maintain a high level, with technology stocks potentially experiencing structural benefits. Recommendation: Continue to execute a balanced strategy.
2. Hua An Securities: A shares may continue their strong upward trend, with slow-bullish trends remaining unchanged. Recommendation: Configure cyclically and for growth in the long term.
3. Eastern Securities: The market still has upward momentum, with technology being the main theme. Non-financial stocks are expected to be medium-term opportunities.
Good News or Bad News
1. Stablecoin License Application Guidelines Released by Hong Kong Monetary Authority
Category: Market Buzz
Mining Securities: Various countries are exploring the adoption of Web3.0, with technology leaders continuously supporting high-quality assets through RWA. Domestic internet securities companies, financial technology companies, stock exchanges, and digital currency trading platforms may all benefit from this trend.
2. National Postal Administration Regulates Express Delivery "Oligopoly" Competition; Industry Expected to Experience Value Reappraisal
Category: Market Buzz
Hua An Securities: The traditional off-season for the express delivery industry is expected to be in July-August, with some regional areas responding to price hikes. In the long term, the industry may maintain healthy competition and improve the performance of express delivery companies.
3. 800G Optical Module Demand Surge; Photonic Component Industry Expected to Experience Growth
Category: Institutional Views
Nationwide Securities: Global AI capabilities are intensifying, with Meta and OpenAI projects increasing capital expenditures. CPO exchange machines and optical module technology iterations accelerate the development of CPO-related industries.
Announcement Express
Positive Announcement
1. Pharmaceutical Company: Proposes Adjusting the upper limit of share repurchase price to no more than RMB 114.15 per share
2. Photoelectric Technology Co., Ltd.: Reports half-year net profit of RMB 217 million, with a year-on-year increase of 1712%
3. New Materials Co., Ltd.: Predicts half-year net profit to be RMB 80-95 million, with a year-on-year increase of 44.69%-71.82%
Negative Announcement
1. Rakuten Capital: Reduces stake in the company by 535.96 million shares, reducing its equity stake to 25.86%
2. Power Technology Co., Ltd.: Controller Shen Wanzhong is sentenced to one year in prison for violating laws related to the disclosure of important information
3. Meihua Medical: Major shareholder National Life Insurance Company plans to reduce its stake in the company by no more than 3%
Overseas Markets
Self-selected Tip: Due to market concerns about trade tensions, US stocks plummeted, with major technology stocks and Novo Nordisk (NVO.US) falling nearly 22%, while Chinese stocks dropped 1.35%.