Original link: https://www.latepost.com/news/dj_detail?id=1232
A new crown antigen kit company’s profit is expected to increase 280 times
- In the first half of this year, most of the new crown testing companies made profits. Jiu’an Medical expects a net profit of more than 15 billion yuan in the first half of the year, a year-on-year increase of nearly 28,000%. The growth was due to a significant increase in sales after its iHealth new crown antigen kit received emergency use authorization from the US Food and Drug Administration in November last year.
- Mainly for the domestic market, Mingde Bio expects a net profit of 2.4 billion to 2.75 billion yuan in the first half of the year, a year-on-year increase of over 300%. The company said that due to its high sensitivity and convenient operation, the market share of its new crown detection products has continued to rise, and it has also become an important anti-epidemic material in Shanghai, Jilin and other places. However, in the second quarter, in response to the policy call, coupled with the centralized procurement in Guangdong, the price was lowered. In the first quarter of this year, Mingde Bio’s net profit margin exceeded 57%.
- Guangzhou Daan Gene, which also sells testing reagents, expects its net profit to increase by 106% to 132% year-on-year, and Beijing’s Wantai Bio is expected to increase its net profit by 246% to 281%; Pony Test, which provides laboratory services, is expected to double its revenue year-on-year. Above, the net profit increased by more than 2 times.
- There are also companies whose market share has declined this year. Lepu Medical’s total revenue in the first half of the year was 5.33 billion yuan, down 18% year-on-year, of which the new crown testing business revenue was nearly 500 million yuan, down 80% year-on-year; BGI’s revenue fell 10% to 17%, and net profit fell 33% to 47% %, mainly because the new crown business decreased from the high base of the previous year.
- The industry has in turn been dragged down by the epidemic. Shanghai Kehua Biological expects a net profit of 35 million to 50 million yuan in the first half of the year, down nearly 90% year-on-year, partly due to production shutdowns. (Lin Guangying)
Sino-US container prices plunge 50%
The container freight rate, which has been rising for two consecutive years, finally shows signs of loosening recently. According to Wind data, the China Containerized Freight Composite Index recently dropped to 3,276.85, down 8% from the year’s high. The freight rates of some popular routes even plunged by 50%.
Sinotrans, one of China’s largest shipping companies, admitted in an investor survey a few days ago that ocean freight rates declined in the second quarter of this year, especially for the US-Western route, where some shipping companies saw their freight rates drop by 50%.
According to the data of the Baltic Container Freight Index, the freight rate from China and East Asia to the West Coast of the United States has dropped to around US$7,264/FEU, which is only 35% of the historical high in September last year – but it is still higher than the average price before the epidemic. about 3 times higher.
There are many factors that affect the freight rate, and the change in the relationship between supply and demand is the most important. On the demand side, in 2022, the growth rate of global finished goods trade volume will slow down, and the consumption of durable goods and factory orders in Europe and the United States will shrink, and demand may usher in an inflection point.
- In the first quarter of this year, the growth rate of cargo volume on routes from Asia to North America decreased slightly from the previous quarter.
- China’s home office products exported to Europe and the United States, such as mechanical and electrical products including various electronic consumer goods, the export growth rate in May was lower than the overall growth rate.
- The United States is one of China’s largest export destinations, and in May, U.S. inventories increased by 17.7% year-on-year.
- American traditional retailers such as Walmart and Target have recently issued profit warnings, acknowledging that they underestimated the impact of inflation on household consumption and overestimated the level of shopping needs of American households, resulting in high inventory levels.
- Target, for example, said it had to discount oversubscribed televisions and appliances.
- U.S. consumer goods imports fell by about $1.5 billion in May.
The improvement on the supply side is not obvious. Although some supply chain congestion nodes have gradually recovered, the strikes of European and American port workers, or the delay of the US freight railway system, still “support” the freight rate to a certain extent.
- For example, as of the last week of June, port congestion on the West Coast of the United States has been rising for two consecutive weeks;
- The size of the container fleet outside the Port of Los Angeles reached 276,000 TEUs;
- The scale of container ships outside the Port of Rotterdam rebounded, and congestion at other ports eased. (Lin Guangying)
Starbucks considering selling UK business
- Affected by reduced passenger flow, increased competition, and rising operating costs, Starbucks may have hired a consulting firm to evaluate the possibility of selling its UK business. Starbucks responded that it “has not entered the formal process of selling” and will continue to evaluate strategic options for overseas business.
- There is currently limited information on the sale of the business. But Starbucks’ response was a disguised acknowledgment of progress.
- Starbucks operated about 1,000 stores in the UK last year, accounting for about 1.5% of total revenue and less than 0.5% of pre-tax profit.
- In 2021, Starbucks will sell its Korean self-operated business (about 1,500 stores) and instead collect franchise fees.
- As we analyzed at the beginning of the year , Starbucks is very dependent on high passenger flow. Since the epidemic, due to the decrease in passenger flow, the store has been idling, and the overall profit margin has declined. Under the influence of high inflation, stronger recession expectations and repeated epidemics, it is more difficult for companies to predict passenger flow.
Click to see larger picture
- In the two traditionally strong markets of Starbucks in the United States and China, raising prices may solve some problems . But in Europe, Starbucks is not a strong brand. Modest price increases may not keep up with inflation, while aggressive price increases may drive customers away. (Gong Fangyi)
IPO Weekly Report: Lithium battery-related Chinese graphite Hong Kong stocks rose 143% on the first day of listing
- Huifeng Diamond was listed on the A-share market on the 18th and closed up 3.62% on the first day. The company mainly develops and produces diamond products, such as wire saws, grinding and polishing fluids, etc., which are used in photovoltaics, consumer electronics, semiconductors, oil and gas exploration, machining and other fields. Currently, it is also developing cultivated diamonds. The total amount of initial fundraising was 356 million yuan.
- China Graphite was listed on the Hong Kong stock market on the 18th and closed up 143.08% on the first day. The company’s main business is graphite processing, producing flake graphite concentrate, spherical graphite, etc., which have important applications in lithium batteries. IPO raised HK$130 million.
- US stocks have 2 IPOs this week. Among them, Jianzhi Education (Sentu Education) is a Chinese online education service provider. Its two major businesses include providing employment skills, entrepreneurial guidance, vocational training and other courses to individuals; providing software services to institutional customers, covering universities, educational institutions, enterprises, etc. Trailing 12-month revenue of $74.3 million and net income of $8.3 million.
- In addition, Haleon, the consumer health business of British drugmaker GlaxoSmithKline, completed its spin-off and listed on the London Stock Exchange today with an IPO market value of 30.5 billion pounds. %. Haleon owns brands such as Sensodyne toothpaste. (Lin Guangying)
Click to see larger picture
OTHER NEWS
Since December 31 this year, 141 drugs including ibuprofen have been transferred out of Beijing Medical Insurance.
The Beijing Municipal Bureau of Medical Insurance and the Beijing Municipal Bureau of Human Resources and Social Security announced on July 18 the third batch of non-state medical insurance drugs to be recalled, including 71 proprietary Chinese medicines and 70 western medicines. Western medicines include ibuprofen (analgesic), cefnicil injection, amlodipine (high blood pressure drug), etc., and Chinese patent medicines include Chaihuang Qingre granules, compound Houttuynia cordata granules, etc. Effective from December 31, 2022.
The front overhang of the ideal L9 test car was broken, and the official said that the fault part used a trial part.
The official specific statement is that “the test car uses a buffer ring in the trial production stage, which will occasionally fail in the event of a large impact condition. In this incident, the test car rushed through a pit with a depth of more than 20 cm at a speed of 90 km/h. , resulting in damage to the buffer ring inside the air spring.” Some industry insiders questioned that the ideal car development process is not standardized. As the incident fermented, Li Auto extended the air suspension warranty period to 8 years and 160,000 kilometers.
The China Banking and Insurance Regulatory Commission responded to the “loan suspension” incident and the risk of village banks.
The China Banking and Insurance Regulatory Commission recently accepted an interview with China Banking and Insurance News, in response to the “loan suspension” incident, saying that banking and insurance institutions should actively provide financial services for “guaranteed delivery of buildings”, and banks should actively participate in the study of solutions to solve the hard capital gap, and do a good job in it. Qualified credit grants will assist in the rapid resumption, early resumption and early delivery of projects. In response to the risk events of village banks, the China Banking and Insurance Regulatory Commission stated that the next step will be to start the advance work for customers with more than 50,000 yuan.
Boeing will soon resume 787 deliveries.
The approval process to fix various 787 production flaws is nearing completion, and the company is “very close” to restoring the 787, Stan Deal, CEO of Boeing’s commercial aircraft division, said at a press conference ahead of the Farnborough International Airshow on July 17. deliver.
Hainan duty-free promotion for 3 weeks, sales increased by 5.14%.
From June 28, Hainan will hold the first Hainan International Outlying Islands Duty Free Shopping Festival, and 10 duty-free shops in Haikou, Sanya and Qionghai will participate in the event. It is reported that in order to stimulate consumption, the Hainan provincial government issued 20 million yuan of tax-free consumption coupons for outlying islands. At the same time, various duty-free shops also issued various shopping coupons on the online platform. Data show that from June 25 to July 16, the amount of duty-free shopping on Hainan’s outlying islands was 2.66 billion yuan, a year-on-year increase of 5.14%.
More than 500 infected people have been reported in this round of epidemic in Guangxi.
- On July 17, 117 new cases were confirmed locally, including 59 in Guangxi and 28 in Gansu; 393 new asymptomatic infections were reported locally, including 183 in Gansu, 53 in Guangxi and 52 in Anhui.
- Guangxi added “59+53”, all confirmed cases were in Beihai City, and 51 asymptomatic infections were in Beihai City.
- The virus strain of this round of epidemic in Guangxi is BA.2.3. From July 12 to July 17, a total of 531 cases of new coronary pneumonia have been reported in Beihai, Guangxi.
- Beihai City’s A-level tourist attractions are temporarily closed, and more than 2,000 tourists are currently stranded in Beihai.
- Due to the ineffective performance of epidemic prevention and control, two people including the director of Beihai Municipal Health and Health Commission were dismissed.
- Chengdu added “8+5”. The current round of epidemic strains in Chengdu have no homologous sequences in China, and the transmission speed is 1.2 times that of BA.2.
- Gansu added “28+183”, and Lanzhou added “22+148”.
The iPhone 14 is expected to be mass-produced in August, and Foxconn has raised its recruitment bonus.
It is reported that the iPhone 14 will be mass-produced in August, and Foxconn, its foundry assembly plant, has recently begun to “snatch people” with high bonuses. The official announcement stated that starting from July 17, the iDPBG Zhengzhou plant will receive a maximum recruitment bonus of 10,000 yuan per person, and the key positions in the manufacturing department will receive a bonus of 9,000 to 9,500 yuan per person, and the iDPBG Zhengzhou plant will receive a maximum of 8,000 yuan at the beginning of the year. In comparison, Foxconn’s bonus has risen a lot.
In the first half of the year, the sales of Mercedes-Benz, BMW and Audi in China all fell by more than 20%.
In the first half of this year, Volkswagen Group’s global sales fell by 22% year-on-year to 3.88 million vehicles, of which sales in China increased by 27% year-on-year to 340,000 vehicles. The sales of Audi, a subsidiary of Volkswagen Group, were also announced. So far, the sales of traditional German top three cars in China have declined to varying degrees. BMW’s sales in China in the first half of the year fell by 23% year-on-year to about 380,000 units, the smallest decline; Mercedes-Benz’s sales in the first half of the year were year-on-year. It fell 24% to about 360,000 vehicles; Audi saw the biggest decline, down 32% year-on-year to about 320,000 vehicles.
Click to see larger picture
The U.S. government could spend $5 billion to move Huawei and ZTE out of local operating networks.
The total cost of removing equipment made by Huawei and ZTE from U.S. networks would reach $4.98 billion, an FCC study showed. Under a U.S. congressional bill, the FCC is required to subsidize telecom operators required to clear “networks of telecommunications equipment that pose a threat to national security.” Congress has subsidized $1.9 billion in programs that require carriers to remove equipment from Huawei and ZTE, and there is still a funding gap of $3.08 billion.
CATL plans to invest US$5 billion to build a battery factory in Mexico.
The plant, which will primarily supply Tesla and Ford, is near the US state of Texas, where Tesla’s new factory is located. In April this year, CATL’s Thuringia plant in Germany obtained a production license for 8GWh cells, becoming its first overseas plant to put into production.
TikTok’s change of chief security officer may not help ease regulatory pressure.
TikTok announced on Friday that Chief Security Officer (CSO) Roland Cloutier will step down from day-to-day operations in September to serve as a strategic advisor. Cloutier joined in March 2020 and is responsible for user data protection. The company said the changes were not related to recent increased regulatory pressure, but because the way data is managed in the United States has changed, including moving data to Oracle servers and creating a separate management unit, where the original CSO responsibilities no longer apply.
Swatch Group lost about 2.77 billion yuan in sales in China in April and May.
Swatch Group’s sales in the first half of this year increased by 7.4% year-on-year to 24.99 billion yuan, and its net profit increased by 18.5% year-on-year to 2.21 billion yuan, with a net profit margin of 8.9%. It lost about 2.77 billion yuan in sales due to the closure of some Chinese warehouses and retail stores in April and May, which was offset by growth in other markets in Europe, the Americas and Asia. The Swatch Group expects full-year sales to record double-digit growth year-on-year in local currencies.
The US has raised interest rates sharply, and US$71 billion has flowed out of emerging Asian stock markets this year.
According to media statistics, US$71 billion has flowed out of emerging Asian stock markets excluding China since the beginning of this year, roughly double the amount in the whole of last year. Among them, technology-intensive markets such as South Korea and India have the fastest outflows. On the one hand, the United States has raised interest rates sharply to attract capital backflow. On the other hand, emerging economies are mostly dependent on imports, and imports are generally denominated in US dollars. A higher US dollar will increase costs and inhibit economic growth. In addition, debt pressures in dollar terms will also rise.
Text | Gong Fangyi, Lin Guangying, and intern Xue Yujie Intern Zeng Xing
Editor | Gong Fangyi
This article is reproduced from: https://www.latepost.com/news/dj_detail?id=1232
This site is for inclusion only, and the copyright belongs to the original author.