Today's Important News Review | Dolphin Investment Research

0822 Focus of Dolphin Jun:

🐬 Macro/Industry

1. Recently, the Ministry of Commerce and 7 other departments issued a notice on further improving the work of trading in old cars for new ones. At today's routine press conference, the Ministry of Commerce announced that as of noon today, the Ministry of Commerce's platform for trading in old cars for new ones has received over 680,000 applications for car scrappage and renewal subsidies. In the past month alone, there have been approximately 340,000 new subsidy applications, showing a rapid growth in the number of applications for trading in old cars for new ones. It is evident that the policy has significantly activated the automobile consumption market and is expected to boost the growth rate of new energy vehicles.

🐬 Individual Stocks

$Microsoft(MSFT.US)

Microsoft suddenly announced an adjustment to its business department structure and updated the revenue outlook of the corresponding departments to reflect this change. This includes an increase in revenue for productivity and business processes and a decrease in revenue outlook for intelligent cloud. The changes involve consolidating the revenue of Microsoft 365 commercial components into its Productivity and Business Processes department, transferring the revenue of Copilot Pro AI productivity tools to its More Personal Computing department, which includes search and news advertising businesses. Additionally, Microsoft will also transfer the revenue of Nuance Enterprise from the Intelligent Cloud department to the Productivity and Business Processes department, and will report Windows and device revenue combined.

Dolphin Jun focuses on company financial reports and conference call minutes:

Xiaomi: "Car on Fire, Phone Heating Up, Is Xiaomi Returning to the Altar?", "Xiaomi: Enhancing Automotive Competitiveness, Not Engaging in Price Wars (2Q24 Conference Call Minutes)"
Hong Kong Exchanges and Clearing Limited (HKEX): "HKEX: Warmth Fades Away 'In the Blink of an Eye,' When Will the Next Time Be?"
ZEEKR: "ZEEKR: Redesign Criticized for 'Betraying' Old Car Owners, Can It Experience a Rebirth?", "Maintaining Annual Sales Target of 230,000, 15% Gross Margin Target for Automotive Business Unchanged (ZEEKR 2Q24 Conference Call Minutes)"
Huazhu Group: "Domestic hotel and travel continue to decline, but Huazhu is accelerating store openings?", "Huazhu: How to view demand and store opening pace in the second half of the year"
Wolfspeed: "Continued losses, will Wolfspeed be sold?"
Bilibili, Baidu, NetEase, and Times Electric released financial reports.

🐬 Leading Sectors

SH/SZ: Footwear, automotive retailers, independent power and renewable energy electricity producers;

HK: Cloud and data centers, hardware storage and peripherals, food retailers;

US: Shipping ports-operators, service retailers, textiles.

🐬 Focus Tomorrow

None.

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