In October, China's corporate credit index was 158.83 points, and the trend of steady improvement continued to consolidate. The General Administration of Market Supervision announced today (10th) that in October, 2024, China's corporate credit index was 158.83 points, up 0.47 points from September, and the steady improvement of corporate credit level continued to consolidate. Regionally, the top five provinces and cities in the credit index are Beijing, Anhui, Jiangsu, Zhejiang and Shaanxi. From the perspective of industry, the index of accommodation and catering industry increased the most. In addition, the ranking of scientific research and technical service industry index has improved significantly, and it entered the top 5 of the index for the first time this year. The ranking of leasing and business services rose by two places, reaching a new high this year.Bruker sprinted for the IPO of Hong Kong stocks, Bruker Group Co., Ltd. updated its prospectus and tried to list on the main board of the Hong Kong Stock Exchange for the second time. The co-sponsors are Goldman Sachs (Asia) Securities and Huatai Financial Holdings. According to Jost Sullivan's report, Bruker's market share in China's patchwork role toy market and China's patchwork toy market is 30.3% and 7.4% respectively. Bruker's toy products are mainly divided into two categories: "assembling role toys" and "building block toys", and the prices of mainstream products range from 19.9 yuan to 399 yuan. Most of Bruco's revenue comes from the sales of products based on Altman IP, accounting for 63.5% and 57.4% of its revenue in 2023 and the first half of 2024 respectively.Galaxy Securities: When the IP layout of "Millet Economy" was carried out, the china galaxy Securities Research Report indicated that "Millet Economy" was highly prosperous, and high-quality IP was the key. In 2024, IP products will continue to maintain a high degree of popularity, from Xiaoma Baolika brand in the first half of the year to Guzi store and Jellycat pop-up shop since the third quarter, with strong market demand. It is believed that IP creation is the core of "millet" and tide play consumption, and the influence of IP plays an important role in attracting fans and integrating multiple formats. As the key to accumulate users and break the circle of products, high-quality IP can attract consumers and extend the product life cycle. Therefore, in the current environment of high market attention and strong demand, the high prosperity of high-quality IP products is expected to be maintained. It is suggested to follow up on two tracks: the track with stable performance foundation or obvious supply-side recovery, and the track with high cost performance, and the elastic variety with incremental dimension or improvement of external factors: 1) Hong Kong stock Internet: the profit improvement expectation of Head Internet Company is strengthened, and the cost performance of investment is prominent. It is suggested to pay attention to Tencent Holdings, which has steady growth in various businesses and stable fundamentals, and the Internet video platform company, which turned losses for the first time in a single quarter and continuously improved its profitability. 2) Publishing industry: The publishing industry will accelerate the development of digitalization, personalization, customization and intelligence, and the new amount of AI+ publishing and research business will bring new opportunities to the industry, and the market value management of central enterprises will be included in the assessment. It is suggested to pay attention to: Shandong Publishing and Southern Media, which are stable in fundamentals and have certain business incremental space; 3) Cinema & Game Industry: High-quality content is always a scarce resource in the industry. It is suggested to pay attention to the game and cinema companies under AI empowerment: Shenzhou Taiyue, Bona Film, WANDA CINEMAS and so on, which have rich content reserves. 4) With regard to IP derivatives, it is recommended to pay attention to POP MART, the leader of the IP craze retail market.
CITIC Securities: Short-term home fundamentals are expected to usher in a window of policy improvement, and we can bargain and seize the opportunity of valuation repair. CITIC Securities recently reported that the situation in the light industry has been severe since 2024, but it still presents three bright spots: channel reconstruction of the personal care industry, internationalization of the tobacco industry and asset integration of the metal packaging industry. The above-mentioned opportunities for subdividing the track are expected to continue and be further strengthened in 2025. Short-term home fundamentals are expected to usher in a policy improvement window, which can be laid out on dips, seize the opportunity of valuation repair, pay attention to industry demand and policy continuity, and attach importance to reasonable valuation intervals. In 2025, the papermaking and paper packaging industries will benefit from the recovery of consumption.The snow removal operation of several expressways in Gansu Province continued due to the temporary control of snowfall. It was learned from the traffic police department of Gansu Province that due to the large-scale snowfall and road icing, as of 7: 30 on the 10th, several expressways in Gansu Province were temporarily controlled. The highway maintenance department is continuously carrying out ice and snow removal operations.Xiaoyu Zhizao, Xiaomi's first furniture model company, completed a round of financing of 100 million yuan, and Beijing Xiaoyu Zhizao Technology Co., Ltd. (hereinafter referred to as Xiaoyu Zhizao), the first large model robot company invested by Xiaomi, completed a round of financing of 100 million yuan. This round of financing is exclusively invested by Beijing Information Industry Development Investment Fund. This is the second time that Xiaoyu Zhizao has received billion-dollar financing after Angel Wheel received billion-dollar investment from Xiaomi Group, Professor Wang Tianmiao and Beijing Zhiyuan Research Institute. Xiaoyu Zhizao was founded by the core founding team of Xiaomi Group in 2023, focusing on the development of large-scale model robot technology suitable for industrial fields, and has developed the "Xiaoyu Brain" universal robot brain, which enables robots to perform various tasks in the industrial environment. (science and technology innovation board Daily)
Sharp's share price once rose by 5.2%, and KDDI will acquire SAKAI website.China's Ambassador to Ukraine met with Ukrainian Minister of Agricultural Policy and Food to jointly promote the upgrading of agricultural cooperation. According to the website of the Embassy of China in Ukraine, on December 9, 2024, Ambassador Ma Shengkun met with Ukrainian Minister of Agricultural Policy and Food Covali, and Tcaciuc, Director of Ukrainian Food Safety and Consumer Protection Agency, attended the meeting. The two sides had an extensive and in-depth exchange of views on cooperation in agriculture and food. Ambassador Ma said that China-Ukraine agricultural cooperation has a long history, good foundation and broad prospects, which is an important aspect of bilateral economic and trade cooperation. China has always attached great importance to it and is willing to strengthen cooperation with Uzbekistan in the fields of policy communication and coordination, mutual access of agricultural products and agricultural technology cooperation, and jointly promote the upgrading and upgrading of agricultural cooperation between the two countries. Minister Covali said that China and Ukraine are strategic partners, and China is the most important agricultural trade partner of Ukraine. Uzbekistan attaches great importance to Sino-Ukrainian agricultural cooperation and is willing to strengthen communication with China, improve the level of trade and jointly promote the agricultural development of the two countries.Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile, and on December 5th, Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile. Chile Gan Lu Wine Group is the largest wine production group in South America, with its brand footprints in Chile, Argentina and the United States, and its sales covering 147 countries and regions around the world. This signing indicates that Wuliangye and Gan Lu Wine Group of Chile have further established a long-term and stable partnership.