[Today's Headlines]
Guangdong, Shanghai and other regions plan to introduce the &#34;Special Action Plan to Boost Consumption&#34;
According to &#34;People's Financial News,&#34; multiple regions are brewing a new round of stimulus policies. On April 22, Guangdong Province Governor Wang Weizhong presided over a provincial government executive meeting to review the &#34;Implementation Plan for the Special Action to Boost Consumption in Guangdong Province,&#34; emphasizing the need to strengthen and expand the implementation of the old-for-new policy for consumer goods, promoting the consumption upgrade of products such as automobiles, home appliances, home decoration, mobile phones, and wearable devices. The plan includes optimizing the &#34;immediate purchase and immediate refund&#34; service for outbound tax refunds, actively promoting inbound consumption, and vigorously developing new technology application scenarios such as artificial intelligence, robotics, and low-altitude economy; on April 21, Shanghai Municipal Party Committee Deputy Secretary and Mayor Gong Zheng presided over a municipal government executive meeting, which in principle agreed to the &#34;Special Action Plan to Boost Consumption in Shanghai.&#34;
Additionally, Heilongjiang Province Party Committee Deputy Secretary and Governor Liang Huiling presided over a provincial government executive meeting on the 21st, emphasizing the need to accelerate the release of consumption potential and deeply implement the special action to boost consumption; on April 22, the Jilin Provincial Government released the &#34;Implementation Plan for the Special Action to Boost Consumption in Jilin Province&#34;; meanwhile, Liaoning Province issued &#34;Six Policies to Boost Consumption.&#34;
[Market Outlook]
Nasdaq China Golden Dragon Index closed up 3.69%
Overnight, the Dow Jones Industrial Average rose by 1016.57 points, an increase of 2.66%, closing at 39186.98 points; the Nasdaq rose by 429.52 points, an increase of 2.71%, closing at 16300.42 points; the S&amp;P 500 index rose by 129.56 points, an increase of 2.51%, closing at 5287.76 points. Tesla (TSLA.US) rose by 4.6%, Nvidia (NVDA.US) rose by 2%, and Apple (AAPL.US) rose by 3.4%. The Nasdaq China Golden Dragon Index closed up 3.69%, with Alibaba (BABA.US) rising by 5.2%. The Hang Seng Index ADR rose, closing at 21719.77 points, up 157.47 points or 0.73% compared to the Hong Kong close.
International gold prices closed lower. COMEX gold futures briefly rose above the $3500 per ounce mark, with a settlement price down by $5.90, a decrease of 0.17%, closing at $3419.40 per ounce.
[Hot Topics Ahead]
GGII: Q1 2025 China's lithium battery and four major materials continue to show high growth, with a year-on-year growth rate exceeding 45%
According to Zhitong Finance APP, preliminary survey data from the Gaogong Industry Research Institute's lithium battery research institute (GGII) shows that China's lithium battery shipments in Q1 2025 reached 314GWh, a year-on-year increase of 55%. Among them, the shipments of power and energy storage batteries were 210GWh and 90GWh, respectively, with year-on-year growth rates of 41% and 120%.
Ministry of Industry and Information Technology publicly solicits opinions on the &#34;Guidelines for the Construction of a Comprehensive Standardization System for Cloud Computing (2025 Edition)&#34;
According to Zhitong Finance APP, on April 22, the Ministry of Industry and Information Technology publicly solicited opinions on the &#34;Guidelines for the Construction of a Comprehensive Standardization System for Cloud Computing (2025 Edition)&#34; (draft for comments). By 2027, more than 30 new national and industry standards for cloud computing will be formulated, continuously improving the standard system that leads the optimization and upgrading of the cloud computing industry structure. More than 1,000 enterprises will carry out standard promotion and implementation, with the effectiveness of empowering enterprises' digital transformation and upgrading becoming more prominent
Accelerate the supply of international standards in the field of cloud computing and further enhance the international influence of standards.
Yonyou Network: Planning to issue overseas shares and list on the Hong Kong Stock Exchange
Yonyou Network announced that the company is planning to issue overseas shares and list on the Hong Kong Stock Exchange. The company is discussing the specific progress of this H-share listing with relevant intermediary institutions, and the relevant details have not yet been determined. This H-share listing will not lead to changes in the company's controlling shareholder and actual controller.
Weilong Delicious (09985) plans to invest in a new leisure food production base in Nanning, Guangxi Zhuang Autonomous Region
According to Zhitong Finance APP, Weilong Delicious (09985) announced that on April 22, 2025, the company signed an investment agreement with the Nanning High-tech Industrial Development Zone Management Committee (“Nanning High-tech Management Committee”) to invest in the construction of a leisure food production base (“Nanning Production Base”) in Nanning, Guangxi Zhuang Autonomous Region, relying on the group's resources and advantages. The fixed asset investment for the Weilong Delicious Nanning Production Base is approximately RMB 1 billion, which will be gradually realized by the company's wholly-owned subsidiary.
JD's stablecoin has entered the &#34;sandbox&#34; testing in Hong Kong, awaiting relevant legislation and details to be implemented
According to Zhitong Finance APP, recently, Shen Jiangguang, Vice President and Chief Economist of JD Group, stated in an interview that JD has entered the &#34;sandbox&#34; testing phase for stablecoin issuance in Hong Kong. The relevant legislation for stablecoins in Hong Kong is still being advanced, and there are no clear provisions yet. It is expected that after the Hong Kong &#34;Stablecoin Ordinance Draft&#34; is approved, the Hong Kong Monetary Authority can officially release the specific implementation details for stablecoins based on it.
China Mobile (00941) releases first-quarter results: net profit attributable to shareholders of the parent company is RMB 30.6 billion, a year-on-year increase of 3.5%
According to Zhitong Finance APP, China Mobile released its first-quarter report for 2025, reporting an operating income of RMB 263.8 billion for the first quarter of 2025, a year-on-year increase of 0.0%; net profit attributable to shareholders of the listed company was RMB 30.6 billion, a year-on-year increase of 3.5%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 28.9 billion, a year-on-year increase of 10.8%; basic earnings per share were RMB 1.42 per share.
Shanghai Pharmaceuticals (02607): Valsartan tablets approved by the US FDA
Shanghai Pharmaceuticals announced that its subsidiary Shanghai Shiyu Zhongxi Pharmaceutical Co., Ltd. received notification from the US Food and Drug Administration that its abbreviated new drug application for Valsartan tablets has been approved. This drug is mainly used for the treatment of cytomegalovirus retinitis in adults with acquired immunodeficiency syndrome and to prevent CMV infection in solid organ transplant patients at risk of CMV infection. It was first developed by Genentech and was launched in the United States in 2001.
Yuan Da Pharmaceutical (00512): China's first generic fluticasone propionate nasal spray approved for market
According to Zhitong Finance APP, Yuan Da Pharmaceutical (00512) announced that the fluticasone propionate nasal spray developed by the group for the treatment of allergic rhinitis has recently received a drug registration certificate issued by the National Medical Products Administration of the People's Republic of China. This product is China's first generic product to be launched and has been included in the national medical insurance catalog and the national essential drug list. The approval of this product for market is another significant research and development progress for the group in the field of respiratory and critical care
ZTE Corporation (00763) reported a net profit attributable to ordinary shareholders of RMB 2.453 billion in the first quarter, a year-on-year decrease of 10.5%
According to the Zhitong Finance APP, ZTE Corporation (00763) released its first-quarter report for 2025, with operating revenue of RMB 32.968 billion, an increase of 7.82% year-on-year; net profit attributable to ordinary shareholders was RMB 2.453 billion, a year-on-year decrease of 10.5%; basic earnings per share were RMB 0.51.
Pop Mart (09992): First-quarter revenue in 2025 is expected to grow by 165%-170% year-on-year
Pop Mart announced that its overall revenue in the first quarter of 2025 is expected to grow by 165%-170% compared to the first quarter of 2024, with revenue in China expected to grow by 95%-100% year-on-year and overseas revenue expected to grow by 475%-480%. Revenue growth in various channels in China is expected to be 85%-90% for offline channels and 140%-145% for online channels. Revenue growth in overseas regions is expected to be 345%-350% in Asia-Pacific, 895%-900% in the Americas, and 600%-605% in Europe.
【Stock Highlights】
BYD Company (01211) plans to distribute a cash dividend of RMB 39.74 per 10 shares, issue 8 bonus shares, and convert 12 shares from capital reserves
According to the Zhitong Finance APP, BYD Company (01211) announced its profit distribution and capital reserve conversion plan for the year 2024, proposing to distribute a cash dividend of RMB 39.74 (including tax) for every 10 shares to all shareholders, with a total cash dividend amount of approximately RMB 12.077 billion, issuing 8 bonus shares for every 10 shares, and converting 12 shares from capital reserves for every 10 shares

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. 

According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

NVIDIA Financial Results for Q4 Fiscal 2025

Alibaba  earnings 

002594

BYDDF

BYDDY

01211

Multiple regions, such as Guangdong and Shanghai, are brewing a new round of consumption stimulus policies aimed at boosting consumption. Guangdong Governor Wang Weizhong presided over a meeting to review the "Implementation Plan for Special Actions to Boost Consumption in Guangdong Province," emphasizing the trade-in policy to promote consumption upgrades in automobiles, home appliances, and more. At the same time, provinces like Heilongjiang, Jilin, and Liaoning are also actively formulating related plans. The U.S. stock market performed strongly, with the Nasdaq Golden Dragon China Index rising by 3.69%

- Multiple regions in China, including Guangdong and Shanghai, are planning new consumption stimulus policies to boost economic activity.  
- These initiatives include promoting the replacement of old consumer goods and enhancing tax refund services for inbound consumption.  
- Additionally, companies like China Mobile and BYD are reporting significant financial results, with BYD proposing substantial dividend distributions to shareholders.

Zhitong

BYD Company Limited

BYD Company

BYD COMPANY

Tesla

ByteDance

Lithium Battery

GRANDPHARMA

NVIDIA

JD-SW

POP MART

SH PHARMA

CHINA MOBILE

Hang Seng Index

GraniteShares 2x Long NVDA Daily ETF

YieldMax NVDA Option Income Strategy ETF

ISHARESHSI

Yonyou

NASDAQ Golden Dragon China Index

Zhitong Hong Kong Stock Early Knowledge | Multiple regions are brewing a new round of consumption stimulus policies, BYD COMPANY changes dividend plan to launch high share conversion