GuShiio.com ① Institutions expect enterprise-level SSD contract prices to fall by 18% to 23% in the first quarter of 2025;
②12-day 8-board Zhuoyi Technology warned of the risks. The company has no OEM Huawei all-in-one machine and has no plans to OEM Huawei all-in-one machines;
③ The three major U.S. stock indexes collectively closed down, while large technology stocks generally fell.
Introduction:Cailian invested in the lightning rod on March 7. Recently, potential risk events in A-shares and overseas markets are as follows. Domestic economic information includes: 1) Institutions expect enterprise-level SSD contract prices to fall by 18% to 23% in the first quarter of 2025;2) Market coal prices will continue to decline in February and are now comprehensively lower than the long-term coal prices; The company’s key concerns include: 1) The 17-day 11-day announcement on Hangzhou’s advancement that the company’s stock risks overheating market sentiment and sharp short-term decline; 2) 12 Days 8 Board Zhuoyi Technology warned of risks. The company has no OEM Huawei all-in-one machines and has no plans to OEM all-in-one machines. Key concerns in overseas markets include: 1) The three major U.S. stock indexes collectively closed down, and large technology stocks generally fell;2) The number of layoffs by challenger companies in the United States in February was 172,017 million, the highest since July 2020.
economic information
1. According to the latest survey by TrendForce, observing the market conditions in the first quarter of 2025, although 4TB and 8TB Enterprise SSDs continue to benefit from AI Training demand, the growth in procurement volume is still not enough to match the off-season effect. In addition, the market oversupply trend is obvious, and some suppliers are actively digesting 16TB and 30TB product inventories, which is expected to cause the Enterprise SSD contract price to drop by 18% to 23% in the first quarter, and related revenue will drop sharply by nearly 30%. This situation will gradually improve after the second half of 2025.
Since February and February, the supply and demand pattern in the domestic thermal coal market has continued to be loose, and thermal coal prices have continued to be under pressure and downward. They are now comprehensively lower than the Changxian coal price, with outstanding cost-effective advantages. At the same time, the current market price has hit the lowest since April 2021. Value, taking the arrival price of Shandong thermal coal market as an example, according to statistics from Zhuochuang Information, as of March 4, the average arrival price of Shandong Q5000 kilocalories of non-electric thermal thermal coal is 615-645 yuan/ton. Compared with before the Spring Festival (January 27), the price dropped by 92.5 yuan/ton, a decrease of 2.08%; compared with the same period last year, the price dropped by 26.47%.
Company warning
1. Hangzhou teeth advance in 17 days and 11 boards: The company’s stock risks overheating market sentiment and a sharp decline in the short term.
2. 12 Days 8 Board Zhuoyi Technology: The company does not have a OEM Huawei all-in-one machine, and there is no plan to OEM the all-in-one machine.
3. China Automobile Co., Ltd.: Shareholder Jiangsu Yueda Group plans to reduce its shares in the company by no more than 3%.
4. Prince Xincai: Controlling shareholder Wang Jinjun plans to reduce his shareholding in the company by no more than 3%.
5. Jiaao Environmental Protection: Shareholder Zhongxiang Chemical Fiber plans to reduce its holdings by no more than 750,000 shares, accounting for 1% of the company’s total share capital.
6. Weitang Industry: Specific shareholder Gaoxin Venture Capital plans to reduce its holdings by no more than 700,000 shares.
7. Haizheng Biocai: Shareholders plan to reduce their shares in the company by no more than 1%.
8. Wanma Shares: Existing humanoid robots and robot dog cable orders account for a relatively small proportion.
9. 2 Connected board HNA Technology: Currently, the company does not involve artificial intelligence, cloud computing and cloud storage businesses.
10. Hengdian Film and Television: The net profit loss in 2024 was 96.3764 million yuan, turning into a loss year-on-year.
11. Orient Group: There is a risk of major illegal and forced delisting and a risk of not meeting the conditions for reorganization.
12 and 3 consecutive boards, Zhejiang Liming: There is a downside risk after a large short-term increase.
13. Ningbo Huaxiang: The company is still in the early stage of exploration in the field of humanoid robots.
Overseas warning
1. The three major U.S. stock indexes collectively closed down. The Dow fell 0.99%, the Nasdaq fell 2.61%, and the S & P 500 fell 1.78%. Large technology stocks fell generally. Broadcom fell more than 6%. Tesla and Nvidia fell more than 5%, Meta fell more than 4%, and Amazon fell more than 3%. Semiconductor, automobile manufacturing, and blockchain sectors were among the top losers, with ON Semiconductor, Arm, and Micron Technology falling more than 5%, Lucid, Rivian, and Coinbase falling more than 3%, and General Motors and Toyota Motor falling more than 2%.
Popular Chinese stocks were mixed, with the Nasdaq China Golden Dragon Index down 0.77%. Dingdong grocery shopping rose by more than 13%, Krypton rose by more than 4%, Xiaopeng Automobile rose by more than 2%, Wenyuan Zhixing fell by more than 10%, and Ideal Automobile fell by more than 3%.
2. Federal Reserve Governor Waller said that he does not believe it is necessary to cut interest rates in March and that the Federal Reserve may cut interest rates after March; the median expectation of two interest rate cuts in 2025 is still reasonable.
3. U.S. layoffs data for February released by employment agency Challenger, Gray Christmas showed that U.S. employers announced a total of 172,017 job cuts in February, a month-on-month increase of 245% from January’s data (49,795).
4. The latest data shows that Tesla’s sales in Australia plunged 71.9% year-on-year in February this year, of which sales of the entry-level Model 3 dropped 81%. Data from the Australia Electric Vehicle Association showed that Tesla’s sales in February were only 1592 vehicles, much lower than the 5665 vehicles in February last year. Sales in the first two months of this year fell 66% to 2331 vehicles from 6772 vehicles in the same period last year.
