What are the important news

"Burden reduction" exceeds 2.6 trillion yuan! The latest announcement by the State Administration of Taxation

On February 12, the latest data released by the State Administration of Taxation showed that in 2024, the main policies to support scientific and technological innovation and the development of the manufacturing industry will reduce taxes and fees and tax refunds of 2,629.3 billion yuan, helping to accelerate the cultivation of new quality productivity and the high-quality development of China's manufacturing industry.

Ministry of Foreign Affairs: China will continue to optimize its entry policy and continue to expand the scope of visa-free countries

Foreign Ministry spokesperson Guo Jiakun said that more than 110 measures to facilitate people-to-people exchanges, unilateral visa exemption and 240-hour transit visa exemption for 38 countries...... These policies reflect China's firm determination to practice high-level opening-up and take concrete actions to build an open world economy. In the future, China will continue to optimize its entry policy and continue to expand the scope of visa-free countries, so that more international friends can experience a credible, lovely and respectable China.

Wang Weizhong, Governor of Guangdong Province, inspected Leju Robot and had in-depth exchanges with Ma Huateng

From February 10th to 11th, Wang Weizhong, Governor of Guangdong Province, went to Shenzhen to investigate the development of innovative industries. On February 10, Wang Weizhong and his entourage visited Tencent and had in-depth exchanges with Tencent founder Ma Huateng, investigated the company's innovation and research and development, and transformed achievements, and visited the humanoid robot cooperation project between Tencent and Leju. On February 11, Wang Weizhong and his entourage inspected the leading achievements of Leju Kuafu humanoid robots in running, upper and lower limb coordination, etc., and Leng Xiaokun, chairman of Leju Robot, reported on Leju's technological innovation, ecological system construction and industrialization in the field of humanoid robots.

Doubao proposes a new architecture to greatly reduce the cost of inference

On February 12, the ByteDance Doubao large model team announced that the team proposed a new sparse model architecture UltraMem, which can effectively solve the problem of high memory access during MoE (Mixture of Experts) inference, and the inference speed is 2-6 times faster than that of the MoE architecture, and the inference cost can be reduced by up to 83%.

Shenzhen's new housing provident fund policy is about to land? The reporter verified: It is currently being submitted for review in accordance with the normative document procedures

Recently, there has been news in the Shenzhen market that the "New Deal for Housing Provident Fund" is about to land. In this regard, the Securities Times reporter asked the Shenzhen Provident Fund Center for verification, and the reply was that it is currently being submitted for review in accordance with the normative document procedures.

The new S7 of Zhijie was launched with 0 interest for 3 years

On February 12, Hongmeng Zhixing announced that the new S7 launched a time-limited financial policy of 3 years with 0 interest and 5 years of low interest, with an annual rate of 0.99%. Taking the purchase of the new S7 Pro version of Zhijie as an example, consumers start with a down payment of 79,800 yuan.

U.S. CPI rose 3% year-on-year in January, higher than market expectations

US CPI increased by 3% year-on-year in January, with an estimated increase of 2.9% and a previous increase of 2.9%; CPI rose 0.5% m/m in January, with an estimate of 0.3% and a previous 0.4% increase. The U.S. core consumer price index rose 3.3% year-on-year in January, compared with an estimate of 3.1% and a previous reading of 3.2%. The core consumer price index rose 0.4% m/m in January, compared to 0.3% expected and 0.2% previously.

The three major U.S. stock indexes closed mixed

On Wednesday local time, the three major U.S. stock indexes closed mixed, with the Nasdaq up 0.03%, the S&P 500 down 0.27%, and the Dow down 0.5%. Intel rose more than 7%, hitting a new closing high since December last year; Tesla rose more than 2%, ending a five-day losing streak. Netflix and Apple rose more than 1%, and Meta rose slightly, recording 18 consecutive daily gains, and the stock price continued to hit a new high. Amazon and Nvidia fell more than 1%, and Microsoft and Google fell slightly. Most of the popular Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index closed up 2.73%, hitting a new closing high since October 8 last year. Alibaba rose nearly 5%, with its shares hitting their highest level since July 2022. Shangrongke rose nearly 12%, Futu Holdings rose more than 9%, Bilibili rose more than 6%, Li Auto, Weilai, Baidu rose more than 4%, and Xiaopeng Motors and NetEase rose more than 3%.

These announcements cannot be missed

Liulianban Zhejiang Digital Culture: No business cooperation with DeepSeek

Zhejiang Digital Culture (600633) announced on the evening of February 12 that the company's shares will be limited for six consecutive trading days on February 5, 2025, and abnormal fluctuations in stock trading have been triggered twice in a row. Recently, the company has noticed that some media platforms consider the company's stock to be a "DeepSeek concept stock". According to internal verification, up to now, the company and its subsidiaries do not have any direct or indirect equity relationship with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (i.e., DeepSeek), nor have they carried out business cooperation.

Qingyun Technology: It has not signed a service cooperation agreement with DeepSeek

Qingyun Technology (688316) issued an announcement on the evening of February 12 on abnormal fluctuations in stock trading and serious abnormal fluctuations, and some of the company's products have been connected to DeepSeek, but the company has not signed a service cooperation agreement with DeepSeek and has no business cooperation with it, which has no substantial impact on the current main business. As of the disclosure date of this announcement, the company does not directly or indirectly hold the equity of Hangzhou Deepin Quest Artificial Intelligence Basic Technology Research Co., Ltd.

Wasu Media: At present, the sales volume of cultural tourism cards exceeds 160,000, which has not had a significant impact on the company's performance

Wasu Media (000156) issued an announcement on the evening of February 12 on abnormal fluctuations in stock trading, and at present, the "Poetry and Painting Zhejiang Cultural Tourism Huimin Card" (hereinafter referred to as "Cultural Tourism Card") product operated and developed by the company has launched the Aijia Zhixing assistant integrated with DeepSeek, and Aijia, the cultural tourism promotion officer, can provide users with personalized intelligent services, which is the optimization of the product function of the cultural tourism card, and has no direct substantive impact on the company's business income. At present, the sales volume of cultural tourism cards exceeds 160,000 pieces, and the terminal price is 199 yuan per card, which has not had a significant impact on the company's performance.

MeiG Intelligence: It has no business relationship or equity relationship with DeepSeek Development Company

MeiG Intelligent (002881) issued an announcement on abnormal fluctuations and serious abnormal fluctuations in stock trading on the evening of February 12, and the company and its subsidiaries have no direct or indirect business dealings with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., a development company of DeepSeek, nor do they have any equity relationship. The company's main business is wireless communication modules and solutions, and the company has adapted and deployed on the company's high-computing module products for other open source large models in the early stage. Recently, we have also carried out model adaptation and device-side deployment for DeepSeek-related models. The above-mentioned matters are currently in the early stage of research and development, and no clear orders have been generated, and the impact on the company's operating results is affected by various factors such as research and development progress, technology iteration, and product demand, and is uncertain.

Hangzhou Iron and Steel Co., Ltd.: The company has nothing to do with the development and application of core technologies such as the DeepSeek system

Hangzhou Iron and Steel Co., Ltd. (600126) issued an announcement on the evening of February 12 that the company had installed DeepSeek software in its partner's system. The company has nothing to do with the development and application of core technologies such as the DeepSeek system, and has no business dealings with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd.

Wipaig: It has not signed a service cooperation agreement with DeepSeek

On the evening of February 12, Weipaige (603956) issued an announcement on abnormal fluctuations in stock trading, saying that the company's Weipaige Hetu AI platform has carried out the access and deployment of DeepSeek to improve the platform's intelligent interaction and analysis capabilities. However, the company has not signed a service cooperation agreement with DeepSeek.

Ten-board Xinju Network: The IT operation and maintenance intelligent twin business is in the research and development stage and has not yet generated revenue

Xinju Network (605398) issued a stock trading risk warning announcement on the evening of February 12, saying that the company's shares have been limited for 10 consecutive trading days since January 22, 2025, with a cumulative increase of 135.91%, while the company's fundamentals have not undergone significant positive changes in the same period. The company's IT operation and maintenance agent business is the application of AI agent technology in the IT operation and maintenance industry, which is significantly different from the general AI agent in terms of product form and application scope, and the business is in the research and development stage, and has not yet generated revenue, and there is uncertainty about whether the follow-up research and development will be successful and whether it can generate revenue.

Oat Technology: Net profit in 2024 will be 98.3598 million yuan, a year-on-year increase of 43.46

Oat Technology (688312) released a performance report on the evening of February 12, and the company will achieve a total operating income of 498 million yuan in 2024, a year-on-year increase of 52.29%; net profit was 98.3598 million yuan, a year-on-year increase of 43.46%; Basic earnings per share was 0.68 yuan. During the reporting period, the company's orders increased, the operating income of FPC test equipment increased significantly compared with the previous year, and the new business direction also contributed to the operating income.

Xincheng Holdings: The contracted sales amount in January was about 1.017 billion yuan, a year-on-year decrease of 72.45

Xincheng Holdings (601155) announced on the evening of February 12 that the company achieved contracted sales of about 1.017 billion yuan in January, a decrease of 72.45% over the same period last year; The sales area was about 115,600 square meters, a decrease of 77.44% over the same period of the previous year.

Shennong Group: The sales revenue of live pigs in January was 376 million yuan, a year-on-year increase of 16.66%.

Shennong Group (605296) announced on the evening of February 12 that in January 2025, the company sold 227,600 live pigs (including 189,500 commercial pigs and 34,900 piglets), and the sales revenue was 376 million yuan, a year-on-year increase of 16.66%. In January 2025, the company's commercial pig prices showed a downward trend, and the average sales price of commercial pigs was 15.22 yuan/kg, down 2.69% from December 2024.

What brokers are looking for today

Minsheng Securities:

Computer: DeepSeek leads the breakthrough of domestic large models, and Byte Doubao, Ali Tongyi, Kimi, etc. have recently released blockbuster updates, and domestic large models are showing a good trend of a hundred flowers blooming. The rise of DeepSeek, on the one hand, has greatly improved the performance of domestic models; On the other hand, open source and the significant reduction of costs are also expected to accelerate the process of domestic AI applications. Focusing on AI+ education, combing the rapid development of the overseas leader Duolingo, as well as its latest AI products, we can see the potential of AI landing in the field of education, and domestic AI+ education companies have also launched fist products in their own advantageous vertical fields. It is recommended to pay attention to: iFLYTEK, Jiafa Education, Jingyeda, Shengtong and other education IT industry chains.

Everbright Securities:

Petrochemical Transportation: (1) Continue to be optimistic about the "three barrels of oil" and oil service sectors with low valuation, high dividends and good performance; (2) Continue to be optimistic about material companies under the trend of domestic substitution, and domestic semiconductor materials and panel materials are expected to benefit; (3) Optimistic about pesticides, fertilizers and private refining and chemical sectors; (4) Optimistic about the vitamin and methionine sector.

Editor-in-charge: Wan Jianyi

Proofreader: Liu Xingying

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