Today's Important News Review | Dolphin Research

0321 Focus of Dolphin Jun:

🐬 Macro/Industry

1. According to data released by the Ministry of Finance, in January-February, the national general public budget revenue was 4.4855 trillion yuan, a year-on-year decrease of 2.3%; the stamp duty was 72.6 billion yuan, a year-on-year decrease of 7.1%. Among them, the securities trading stamp duty was 15 billion yuan, a year-on-year decrease of 46.8%.

🐬 Individual Stocks

1. $ XPeng.US

The major shareholder of XPENG-W, Alibaba's Taobao China Holdings Limited, plans to sell 33 million American Depositary Shares (ADS) of XPeng, with a total value of approximately 314 million US dollars. The sale is expected to take place around March 20, 2024. BABA-SWR invested in XPENG-W in 2017 and became its fourth largest shareholder, but is now leaving for profit. For BABA-SWR itself, under the competitive pressure from platforms like Pinduoduo, its stock price has been sluggish, and in recent years it has been continuously optimizing its non-core business of external investment and mergers and acquisitions. The reduction of XPENG-W holdings also aligns with BABA-SWR's strategic direction. The news has attracted high market attention, with XPeng falling nearly 7% today.

2. $ XD INC.HK

XD Inc., the developer of the self-developed mobile game "Let's Muffin," was launched on the Apple App Store on March 15 and opened for pre-order. After the Spring Festival, the revenue performance of "Let's Muffin" has been consistently outstanding. According to SensorTower's ranking data, the game has repeatedly topped the iOS bestseller list in the Hong Kong and Taiwan markets in February, with revenue increasing by 257% month-on-month. Currently, "Let's Muffin" can be said to be XD Inc.'s representative self-developed work, and XD Inc. rose by over 5% today.

3. Core Focus on Financial Report Analysis and Conference Calls

Tencent: "Tencent: Game Soul Lost, Stock King 'Spending Money' to Regain Honor", "Tencent: Games Undergo Internal Transformation, AI First Effectively Applied to Advertising Business (4Q23 Conference Call)"

Pinduoduo: "Pinduoduo: Invincibility is Lonely!", "Pinduoduo: Confident in Performance, Dividend Not Yet Considered"Micron: "Micron: Storage prices surge, triggering the HBM3E battle"

Geely Auto: "Geely Auto: Upside potential comes from the speed of new energy transformation exceeding expectations"

🐬 Leading Sectors

Shanghai and Shenzhen: Data processing and outsourcing services, real estate services, agricultural products;

Hong Kong: Petroleum and natural gas refining and sales, aluminum, consumer goods retailers;

US Stock Market: Precious metals and minerals, silver, aluminum.

🐬 Focus Tomorrow

1. Meituan will release its financial report, and Dolphin will track and provide analysis.

Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure