GuShiio.com ① The market sentiment was pessimistic, and the price of industrial silicon fell slightly this week;
② Wuzhou New Year announcement that the company’s self-inspection production and operations are normal, and the Mexican factory’s 2024 performance fell short of expectations;
③ Trump announced additional tariffs on Mexico, Canada and the European Union.
Introduction:Cailian invested in lightning rods on February 27. Recently, potential risk events in A-shares and overseas markets are as follows. Domestic economic information includes: 1) Market sentiment is pessimistic, and industrial silicon market prices fell slightly this week;2) TrendForce expects global smartphone panel shipments to decline by 3.2% in 2025; the company’s key concerns include: 1) Wuzhou New Year Announcement, the company’s self-inspection production and operations are normal, and the Mexican factory’s 2024 results fall short of expectations;2) Daye shares warned of risks. Due to intensified competition in the rubber skeleton materials industry, the company’s profitability is relatively limited; Key concerns in overseas markets include: 1) The three major U.S. stock indexes closed mixed, with the food consumption sector leading the decline;2) Trump announced additional tariffs on Mexico, Canada, and the European Union.
economic information
1. According to the Silicon Industry Branch of China Nonferrous Metals Industry Association, the spot price of industrial silicon fell this week. In the past week (February 20 – 26, 2025), the closing price of the main contract fluctuated from 10580 yuan/ton to 10335 yuan/ton, a decrease of 2.32%. The national comprehensive price is 10752 yuan/ton, down 390 yuan/ton. Among them, in terms of grades, 553 is 10403 yuan/ton, 441 is 11042 yuan/ton, and 421 is 11307 yuan/ton. The comprehensive price of Xinjiang, Yunnan, Fujian and Sichuan is 10531 yuan/ton, 11288 yuan/ton, 15640 yuan/ton and 11500 yuan/ton. FOB prices remained stable. This week, the industrial silicon market price dropped slightly. Market transactions were light and the mood was more pessimistic. Silicon companies have suspended quotations, and downstream purchases have mostly purchased on demand. Demand has not improved significantly.
2. TrendForce’s latest research shows that global smartphone panel shipments will reach 2.157 billion in 2024, a year-on-year increase of 11.4%, the highest level in recent years. This increase was mainly due to increased sales of new smartphone models and increased demand for used and refurbished machines. However, entering 2025, as demand for new machines stabilizes and the second-hand market stabilizes or declines slightly. Global smartphone panel shipments are expected to decline by 3.2%, totaling 2.093 billion devices.
Company warning
1. Wuzhou New Year: The company’s self-inspection, production and operations are normal, and the results of the Mexican factory in 2024 fall short of expectations.
2. Daye Shares: Due to intensified competition in the rubber skeleton materials industry, the company’s profitability is relatively limited.
3. Wuzhong, Jiangsu: The CSRC filed a case on suspicion of violating laws and regulations.
4. Shangsheng Electronics: Tongtai Venture plans to reduce its shareholding in the company by no more than 3%.
5. Zongshen Power: Shareholder Xizang Guolong Technology plans to reduce its shares in the company by no more than 3%.
6. Saiwu Technology: Shareholder Yinhuang Investment plans to reduce its shareholding by no more than 3% of the company’s shares.
7. Zhanpeng Technology: Shareholders plan to reduce their holdings of the company’s shares by no more than 1.45%.
8. Huaxin Coopers: The two shareholders plan to reduce their shares by no more than 1%.
9. Martian: The controlling shareholder, acting in concert, plans to reduce the company’s shares by no more than 2.94%.
10. Jinhe Industrial: The actual controller Yang Yingchun plans to reduce the number of shares by no more than 3.81605 million.
11. Entrepreneurship dark horse: Shareholder Wang Qifei plans to reduce his shareholding in the company by no more than 2%.
12. Central Asia Shares: The chairman, actual controller and those acting in concert plan to reduce their shares by no more than 1.27%.
13. Dike Shares: Shareholder Qianying Fund plans to reduce its shares in the company by no more than 1.5%.
14. Zhongying Technology: Gu Shuchun, director and deputy general manager, plans to reduce his shareholding in the company by no more than 0.0786%.
15. Huizhiwei: GZPA plans to reduce its shareholding by no more than 0.50%.
16. Haitong Development: Huang Tiantian, Secretary of the Board of Directors, plans to reduce the shares of the company by no more than 247,000 shares.
17. Palm Reading Technology: Quantum Leap plans to reduce its stake in the company by no more than 1%.
18. Pinming Technology: Supervisor Liu Dezhi plans to reduce the company’s shares by no more than 0.0082%.
19. Loongson Zhongke: The net loss in 2024 will be 624 million yuan.
20. Dongcheng Pharmaceutical: Net profit in 2024 will drop by 12.35% year-on-year, and it is planned to pay 0.3 yuan for 10 shares.
21. Zhuoran Shares: Net profit for 2024 will decrease by 34.20% year-on-year.
22. Haizheng Raw Materials: The net profit in 2024 will be 35.3851 million yuan, a year-on-year decrease of 18.75%.
23. Dongwei Semiconductor: The net profit in 2024 will be 39.9302 million yuan, a year-on-year decrease of 71.48%.
24. Kos Technology: Net profit loss in 2024 will be 283 million yuan.
25. Zhenhua Fengguang: Net profit in 2024 will be 323 million yuan, a year-on-year decrease of 47.18%.
26. China Research Corporation: The net profit in 2024 will be 39.2865 million yuan, a year-on-year decrease of 27.99%.
27. Borui data: The net loss in 2024 will be 118 million yuan.
28. Yutaiwei: The net loss in 2024 will be 198 million yuan.
29. Anlu Technology: The net loss in 2024 will be 205 million yuan.
30. 16 Days 12 Board Hangzhou Steel Co., Ltd.: It does not involve the research and development of core computing power technologies.
31.3 Lianban Standard Shares: The company does not involve humanoid robot products.
32. Genesis: Some products can be used in low-altitude economic fields, but related business revenue accounts for less than 0.1%.
33. Nanshan Zhishang: Ultra-high molecular weight polyethylene fiber tendon rope products are in the market development stage, and no relevant orders have been formed yet.
34. *ST Boxin: The company’s shares will be terminated and delisted on March 5.
35. China Galaxy: The company has not received any written or verbal information about the merger with CICC.
36. China International Capital Corporation: The controlling shareholder does not plan the rumored merger with China Galaxy.
Overseas warning
1. The three major U.S. stock indexes closed mixed, with the Dow down 0.43%, the Nasdaq up 0.26%, and the S & P 500 up 0.01%. Large technology stocks were mixed. Broadcom rose more than 5%, Nvidia rose more than 3%, Meta rose more than 2%, Apple fell more than 2%, and Tesla fell nearly 4%. Precious metals, semiconductors, and computer hardware were among the top gainers, with ultra-micro computers rising more than 12%, nano-micro semiconductors rising more than 8%, and Micron Technology rising more than 4%. Space concepts and food consumption sectors were among the top losers, with Virgin Galactic falling more than 5%, Hershey falling more than 4%, Yizi falling more than 3%, and Boeing falling nearly 3%.
2. U.S. President Trump delivered a speech at the White House. Trump said that a 25% tariff would be imposed on products from the European Union, and the tariffs would target automobiles and other goods. He added that more details would be announced later.
3. Kaneva, head of global commodity strategy at JPMorgan Chase, said Trump will adopt a moderate attitude towards sanctions that affect oil supply. He is seeking to lower commodity prices and deliver on promises to address the high cost of living in the United States. Talking about sanctions that affect supplies from Iran, Venezuela and Russia, Kaneva said,”He has a year and a half to complete his priorities before the midterm elections. He wouldn’t take any chances in this regard. He wants oil prices to reach $50. We think he will achieve that goal.” JPMorgan Chase’s forecast for average oil prices in 2026 is US$61 per barrel, and does not rule out the possibility of falling below that level.
5. Lilly’s U.S. market announced that it will reduce the price of the weight loss drug Zepbound (tilpositide weight loss version) in small bottles. Specifically, Lilly USA will reduce the monthly cost of 2.5 mg and 5 mg doses of Zepbound in small bottles to US$349 and US$499 respectively. The price cut will reduce the monthly cost of both doses of the drug by $50.
