U.S. stocks San Disk fell more than 12%, SK Hynix fell more than 9%; the Long March 5 Yao-14 rocket arrived in Wenchang and preparations for Chang'e 7 began - "Investment Early Reference"
(1) Important market news 1. On July 13, the Ministry of Industry and Information Technology, the Central Cyberspace Administration of China, the National Development and Reform Commission, and the National Data Administration jointly issued the "Guiding Opinions on Promoting the High-Quality Development of Internet Basic Resources" to local industry and information administration departments, the Cyberspace Administration of China, the National Development and Reform Commission, and data management departments. "See" was announced, and 16 key tasks were clarified. Among them, satellite Internet was included in the national top-level planning for the first time as an Internet basic resource, and was systematically included in basic theory, key technologies, infrastructure and application systems for coordinated advancement, with a total of 4 key tasks.
(1) Important market news 1. On July 13, the Ministry of Industry and Information Technology, the Cyberspace Administration of China, the National Development and Reform Commission, and the National Data Administration jointly issued the "Guiding Opinions on Promoting the High-Quality Development of Internet Basic Resources" to local industry and information administration departments, the Cyberspace Administration of China, the National Development and Reform Commission, and the Data Management Department. It clarified 16 key tasks. Among them, satellite Internet was included in the national top-level planning for the first time as an Internet basic resource, and was systematically included in basic theory, key technologies, infrastructure, and application systems for coordinated advancement, with a total of 4 key tasks. Satellite Internet has risen from a single new communication technology to a core component of national Internet basic capacity building. Its strategic positioning has been further improved and is about to enter a new stage of systematic and large-scale development. 2. On July 13, local time, the three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.26%, the Nasdaq Composite fell 1.55%, and the S&P 500 Index fell 0.79%. Most large technology stocks fell. Storage and semiconductor sectors were among the top decliners. The Philadelphia Semiconductor Index fell. 4.78%, SanDisk fell more than 12%, SK Hynix fell more than 9%, Micron Technology, AMD, Western Digital, and SPaceX fell more than 4%, ASML fell nearly 4%, Nvidia and Broadcom fell more than 3%, Meta and Google fell more than 1%, and Microsoft rose more than 1%. The Nasdaq Golden Dragon China Index closed down 0.14% at 6112.45 points. Among popular Chinese concept stocks, ASE Semiconductor initially closed down 5.1%, Baidu fell 3.6%, Alibaba fell 0.1%, NetEase rose 2.6%, and NIO rose 3.3%. Major European stock indexes closed with mixed gains, with Britain's FTSE 100 index down 0.02%, France's CAC40 index up 0.14%, Germany's DAX30 index up 0.08%, and FTSE Italy's MIB index up 0.23%. 3. On July 13, in late trading in New York, the U.S. dollar index rose 0.34% to 101.31. Most non-U.S. currencies fell. The euro fell 0.30% against the U.S. dollar to 1.1380. The offshore yuan (CNH) traded at 6.7851 yuan against the U.S. dollar, down 31 points from late New York trading last Friday. The onshore RMB against the U.S. dollar (CNY) closed at 6.7810 yuan at 03:00 Beijing time, down 40 points from last Friday night's closing price. In late trading in New York, spot gold fell 2.93% to US$3,999.06 per ounce. COMEX gold futures fell 2.60% to US$4,006.90 per ounce. Spot silver fell 3.77% to US$57.6062 per ounce. COMEX silver futures fell 3.81% to US$57.910 per ounce. International crude oil continues to rise, with Brent crude oil futures rising by 10% to US$83.7/barrel, and WTI crude oil futures now rising by 9.8% to US$78.4/barrel. 1. On July 13, according to the China Manned Space Engineering Office, the Long March 5 Yao-14 carrier rocket that will carry out the Chang'e 7 mission safely arrived at the Wenchang Space Launch Site. Subsequently, the rocket will carry out final assembly and testing at the launch site together with the Chang'e-7 probe that arrived in advance. Currently, all participating systems in the launch site area are preparing for the Chang'e-7 mission as planned. On July 13, SpaceX announced that Starship will conduct its 13th test flight, with a launch window of 90 minutes as early as 18:45 on Thursday. The main goal of this test flight is to verify inter-stage separation, engine performance and controllable re-entry capabilities, and to deploy 20 new-generation Starlink V3 satellites equipped with advanced laser links for the first time. Musk also previously said that this test flight will accumulate key data for the 14th test flight to realize the recovery of the rocket at sea.
Comment: As competition for space resources becomes increasingly fierce, satellite Internet has become a new high ground for global technological competition. In the future, the space economy will become a new industrial field, involving satellite communications, satellite navigation, satellite remote sensing, space tourism and other aspects. The scale of the satellite-to-ground communications industry is expected to reach 200 billion to 400 billion yuan by 2030, with an average annual compound growth rate between 10% and 28%. The satellite-to-ground communications industry is standing at a critical turning point from "concept proof" to "large-scale application." As technology matures, costs decline, and application scenarios expand, a new communications landscape of "the world and the earth are integrated, and everything is interconnected" will be formed in the next ten years, becoming an important engine for promoting the high-quality development of the digital economy. Concept stocks include Guanglian Airlines, Jinli Huadian, Highlander, etc. 2. The Guangdong Provincial Standardization Association released the "Guidelines for Reliability Control and Quality Improvement of the Industrial Robot Industry Chain" group standards on July 13. This standard is divided into 7 chapters. The core content includes: first, the scope clarifies that this standard is applicable to the reliability control and quality improvement activities of enterprises related to the industrial robot industry chain; second, normative reference documents; third, definitions of core terms such as industrial robots, reliability, industry chain, quality control, and quality improvement; fourth, general principles, including basic principles, product quality and safety management systems, and reliability control methods; fifth, implementation requirements for reliability control and quality improvement; sixth, support and safeguard measures for standard implementation; seventh, typical application scenarios and quality improvement. Comments: The standard covers the entire industry chain of industrial robots, breaking the past shortcomings of industry quality control that only focused on the complete terminal machine and ignored upstream and downstream supporting equipment. By clarifying the reliability control requirements for the entire process of core components, machine manufacturing, system integration, and scenario application, and focusing on strengthening the quality control of core components such as precision reducers, servo systems, and controllers, we can systematically improve the stability and reliability of the core links of domestic industrial robots, reduce dependence on overseas high-end components, and effectively stabilize the independent controllability of the domestic industrial robot industry chain and supply chain. Concept stocks include Dongtu Technology, Robotics, Saiwei Intelligence, etc. Comment: In the first half of the year, the volume of external authorization of innovative drugs amounted to US$110 billion, and the performance of exceeding the full-year target ahead of schedule marked the complete departure of my country’s innovative drug industry from the development model of early low-end R&D and pure domestic application. In the past, the pain points of serious homogeneity, intense involution, and difficulty in profitability of domestic innovative drugs have been effectively alleviated. Leading pharmaceutical companies have quickly realized the value of research and development through overseas authorization, obtained large down payments and milestone income, and effectively fed back subsequent research and development, forming a positive cycle of "research and development - overseas profits - further research and development". At the same time, the transaction covers 20 countries and regions around the world, proving that the clinical value of domestic innovative drugs has been recognized by the world's top pharmaceutical companies. Concept stocks include Shin Kong Pharmaceutical, Chengda Pharmaceutical, Zuoli Pharmaceutical, etc. Dean Diagnostics: The company announced that Chen Haibin, the company’s controlling shareholder and actual controller, and Hangzhou Dikong, a person acting in concert, plan to reduce their total holdings of the company’s shares by no more than 3% through centralized bidding and block transactions. Shiyida: The company announced that the company's controlling shareholder and director Chen Yamei and its concerted persons, shareholders, directors, and chief executive officer (CEO) Qiao Xin plan to reduce their holdings of the company's shares by no more than 17.3251 million shares, which means no more than 3% of the company's total share capital. (
Comment: As competition for space resources becomes increasingly fierce, satellite Internet has become a new high ground for global technological competition. In the future, the space economy will become a new industrial field, involving satellite communications, satellite navigation, satellite remote sensing, space tourism and other aspects. The scale of the satellite-to-ground communications industry is expected to reach 200 billion to 400 billion yuan by 2030, with an average annual compound growth rate between 10% and 28%. The satellite-to-ground communications industry is standing at a critical turning point from "concept proof" to "large-scale application." As technology matures, costs decline, and application scenarios expand, a new communications landscape of "the world and the earth are integrated, and everything is interconnected" will be formed in the next ten years, becoming an important engine for promoting the high-quality development of the digital economy. Concept stocks include Guanglian Airlines, Jinli Huadian, Highlander, etc. 2. The Guangdong Provincial Standardization Association released the "Guidelines for Reliability Control and Quality Improvement of the Industrial Robot Industry Chain" group standards on July 13. This standard is divided into 7 chapters. The core content includes: first, the scope clarifies that this standard is applicable to the reliability control and quality improvement activities of enterprises related to the industrial robot industry chain; second, normative reference documents; third, definitions of core terms such as industrial robots, reliability, industry chain, quality control, and quality improvement; fourth, general principles, including basic principles, product quality and safety management systems, and reliability control methods; fifth, implementation requirements for reliability control and quality improvement; sixth, support and safeguard measures for standard implementation; seventh, typical application scenarios and quality improvement. Comments: The standard covers the entire industry chain of industrial robots, breaking the past shortcomings of industry quality control that only focused on the complete terminal machine and ignored upstream and downstream supporting equipment. By clarifying the reliability control requirements for the entire process of core components, machine manufacturing, system integration, and scenario application, and focusing on strengthening the quality control of core components such as precision reducers, servo systems, and controllers, we can systematically improve the stability and reliability of the core links of domestic industrial robots, reduce dependence on overseas high-end components, and effectively stabilize the independent controllability of the domestic industrial robot industry chain and supply chain. Concept stocks include Dongtu Technology, Robotics, Saiwei Intelligence, etc. Comment: In the first half of the year, the volume of external authorization of innovative drugs amounted to US$110 billion, and the performance of exceeding the full-year target ahead of schedule marked the complete departure of my country’s innovative drug industry from the development model of early low-end R&D and pure domestic application. In the past, the pain points of serious homogeneity, intense involution, and difficulty in profitability of domestic innovative drugs have been effectively alleviated. Leading pharmaceutical companies have quickly realized the value of research and development through overseas authorization, obtained large down payments and milestone income, and effectively fed back subsequent research and development, forming a positive cycle of "research and development - overseas profits - further research and development". At the same time, the transaction covers 20 countries and regions around the world, proving that the clinical value of domestic innovative drugs has been recognized by the world's top pharmaceutical companies. Concept stocks include Shin Kong Pharmaceutical, Chengda Pharmaceutical, Zuoli Pharmaceutical, etc. Dean Diagnostics: The company announced that Chen Haibin, the company’s controlling shareholder and actual controller, and Hangzhou Dikong, a person acting in concert, plan to reduce their total holdings of the company’s shares by no more than 3% through centralized bidding and block transactions. Shiyida: The company announced that the company's controlling shareholder and director Chen Yamei and its concerted persons, shareholders, directors, and chief executive officer (CEO) Qiao Xin plan to reduce their holdings of the company's shares by no more than 17.3251 million shares, which means no more than 3% of the company's total share capital. (