NO.1 Xiaomi Auto responds to the recall: OTA can be completed
Xiaomi Auto: On January 24, Xiaomi Auto posted on its WeChat official account that it was recalling some SU7 standard electric vehicles produced from February 6, 2024 to November 26, 2024, totaling 30,931 units. This OTA recall can only be done through a free over-the-air (OTA) upgrade of the vehicle and does not require the vehicle to enter the store for any inspection or processing. We will notify the relevant car owners by SMS, mobile APP, etc., and users can also call the customer service hotline of Xiaomi Automotive Technology Co., Ltd. We will provide a free software upgrade for the standard Xiaomi SU7 vehicles within the scope of the recall through the vehicle remote upgrade (OTA) technology. This OTA software upgrade recall is intended to further improve the reliability of the intelligent parking assistance function.
Comments: Recalling vehicles through remote upgrades can avoid additional trouble for users.
NO.2 Hu Hong, vice president of Baosteel Co., Ltd., was taken away and announced his resignation as vice president
Baosteel shares (SH600019, share price 6.82 yuan, market value 149.4 billion yuan): Baosteel sharesOn January 24, an announcement was issued that Hu Hong resigned from the position of deputy general manager of the company for personal reasons. According to the reporter’s understanding, Hu Hong has been taken away by relevant departments for investigation. It is not clear why Hu Hong was taken away, and relevant people from Baosteel told reporters that Hu Hong began to serve as the vice president of Baosteel in 2021, in charge of sales. Prior to serving as Vice President of Baosteel Co., Ltd., Hu Hong served as Assistant General Manager of Baosteel Co., Ltd., General Manager of Marketing Center (Baosteel International), and Deputy Secretary of the Party Committee of Marketing System. (CBN).
Comments: The investigation of the vice president of Baosteel will arouse the market’s attention to the company’s management and operations, which may have a certain impact on the company’s stock price and business development.
NO.3 OPPO Legal Department: An internal investigation has been initiated
OPPO: On the evening of January 23, a number of bloggers posted that car critic Chen Zhen was suspected of leaking photos of the real phone of OPPO’s flagship model Find N5, which attracted attention. At noon on January 24th, the OPPO Legal Department posted on Weibo that recently, our company noticed that an online blogger had published information about our company’s unreleased products without authorization, and displayed pictures of devices suspected not to be owned by me. In this regard, the OPPO Legal Department stated that it has launched an internal investigation and will investigate the legal responsibility of relevant personnel in accordance with the law. Industry information security and business compliance are the bottom line that all market players should abide by. On the morning of the 24th, Chen Zhen posted: “The phone is not mine, and I haven’t signed any agreement, but I just happened to see it and felt very thin, so I took a photo and posted it on Weibo, and then someone on the other side communicated with me and hid Weibo.” It is worth noting that Chen Zhen just paid 5 million yuan to the other party for leaking the video of Lynk & Co’s new car not long ago. (per synthesis)
NO.4 Tesla will recall more than 1.2 million electric vehicles
Tesla (TSLA, stock price $406.58, market capitalization $1,305.1 billion): Tesla will recall a total of more than 1.2 million imported and domestically produced electric vehicles. On January 24, the State Administration for Market Regulation disclosed that Tesla (Shanghai) Co., Ltd. and Tesla Motors (Beijing) Co., Ltd. recently filed a recall plan with the State Administration for Market Regulation. Decides to recall a total of 335716 imported Model S and Model X and domestically produced Model 3 and Model Y electric vehicles between July 16, 2023 and December 14, 2024 from now on. A total of 871087 units of the Model 3 and Model Y electric vehicles produced in China between January 3, 2022 and September 23, 2023 are being recalled. (per synthesis)
Comments: Tesla’s large-scale recall will have a significant impact on the company’s image and sales, while also raising consumer concerns about the safety of electric vehicles.
NO.5 ByteDance adjusts employee benefits
ByteDance: On January 24, ByteDance released an internal email, saying that it had made a series of adjustments to its employee welfare policy based on a pragmatic and simple welfare concept. But after the news was released, it caused an uproar on the company’s intranet. It is reported that in order to distinguish between benefits and incentives, ByteDance will stop issuing Spring Festival red envelopes from 2026, and this year’s Spring Festival red envelopes will continue to be distributed, and the amount will be the same as last year. In addition, the format of afternoon tea and holiday gift boxes have also been adjusted accordingly. However, the company also announced that the commercial insurance for employees will add coverage for special needs departments of designated public hospitals, dental cleaning and children’s influenza vaccines, and increase the reimbursement ratio of out-of-pocket expenses; Introducing external gyms such as Super Gorilla and Leke, the company covers most of the expenses for employees. (21st Century Business Herald)
NO.6 Nezha Automobile held a general meeting of shareholders and planned to raise more than 4 billion yuan in Series E
Nezha Automobile: On January 24, the “Daily Economic Reporter” learned from Nezha Automobile that at the just-concluded shareholder communication meeting of Hezhong New Energy Automobile Co., Ltd., the company’s ongoing Series E financing plan was discussed internally. It is reported that the financing scale of the E round plan is about 4 billion ~ 4.5 billion yuan, and the lead investor will invest about 3 billion yuan.
Comments: Nezha Automobile will have more funds to support its product development and production through this financing, which is expected to further enhance its market competitiveness.
NO.7 More than 3,000 pigs died, and Muyuan denied that it should be held responsible
Muyuan shares (SZ002714, share price 36.88 yuan, market value 201.5 billion yuan): On January 24, Muyuan shares responded to a recent controversy on the Shenzhen Stock Exchange. Previously, Chang Xianyun, the legal representative of Neixiang County Hongfu Agriculture and Animal Husbandry Co., Ltd., told the “Daily Economic News” reporter that more than 100 sows he purchased broke out of PRRS in less than 1 week, and all of them were aborted and died, and more than 3,000 piglets and sows were also affected by the farmer’s pig farm, resulting in all the deaths of the pig farm until the clearance. Chang Xianyun said that the more than 100 sows that broke out of PRRS were purchased from Nanyang Wolong Muyuan Breeding Co., Ltd. On January 24, Muyuan Co., Ltd. responded to relevant questions on the Shenzhen Stock Exchange’s interactive platform, saying: The pregnant sows purchased by Chang Xianyun came from Wolong Muyuan 1, and the whole process of purchase and sales from pre-sale testing, contract signing, customer pig picking, animal quarantine, on-site delivery, and customer pick-up and transportation were legal and compliant, and there were no relevant problems mentioned in the indictment.
Comments: This may have a negative impact on the company’s image.
NO.8 Overlord Chaji apologized for the improper translation of “Spring Festival”.
Bawang Chaji: Recently, Bawang Chaji’s Spring Festival copywriting wrote “Spring Festival” as “Lunar New Year”, causing controversy. On the evening of January 24, the official Weibo of Bawang Chaji CHAGE apologized for the improper translation of the word “Spring Festival”. “We are sorry that we did not use a more consistent statement for the translation of the ‘Spring Festival’ by the overseas team on the ground, and we will strengthen the management and communication of overseas accounts in the future to ensure the accuracy of the content expressed,” he said. ”
Comments: This mistake will have a negative impact on the brand image, and the timely apology of Bawang Chaji shows the responsible attitude of the brand.
NO.9 To implement the requirements of promoting medium and long-term funds into the market, Xinhua Insurance raised the card of Bank of Hangzhou
Xinhua Insurance (SH601336, share price 48.56 yuan, market value 151.5 billion yuan), Bank of Hangzhou (SH600926, stock price 14.59 yuan, market value 88.259 billion yuan):On January 24, Bank of Hangzhou announced that Xinhua Insurance acquired 330 million shares of Bank of Hangzhou held by Commonwealth Bank of Australia, accounting for 5.45% of the total issued ordinary share capital of Bank of Hangzhou as of January 23. The price per share of the transaction is 13.095 yuan, and the share transfer price is 4.317 billion yuan. After regulatory approval, New China Insurance is expected to become the fourth largest shareholder of Bank of Hangzhou. Xinhua Insurance told the “Daily Economic News” reporter that the company took the lead in responding to the state’s requirements for further increasing the entry of medium and long-term funds into the market, and invested in the Bank of Hangzhou, reflecting the responsibility of state-owned enterprises with practical actions.
Comments: This will enhance the influence of Xinhua Insurance in the financial field, and it is also an important measure for the country to increase the entry of medium and long-term funds into the market.
NO.10 Chinese Life is expected to make a net profit of more than 100 billion yuan in 2024
Chinese Shou (SH601628, stock price 40.87 yuan, market value 1,155.2 billion yuan), Chinese Insurance (SH601319, stock price 7.16 yuan, market value 316.6 billion yuan):On the evening of January 24, Chinese Life and Chinese Insurance disclosed the announcement of the expected increase in 2024 results, both of which achieved substantial growth. Chinese Life expects the net profit attributable to shareholders of the parent company in 2024 to be about 102.368 billion yuan to 112.605 billion yuan, an increase of about 51.184 billion yuan to 61.421 billion yuan compared with the same period in 2023, a year-on-year increase of about 100% to 120%. Chinese expects the Group’s net profit attributable to shareholders of the parent company in 2024 to be 39.853 billion yuan to 44.407 billion yuan, an increase of 17.080 billion yuan to 21.634 billion yuan compared with the same period of the previous year, a year-on-year increase of 75% to 95%.
The first annual report of A-shares in 2024 is released! Jucan Optoelectronics: Net profit in 2024 increased by 61.44% year-on-year
Jucan Optoelectronics (SZ300708, share price 1.426 billion yuan, market value 9.643 billion yuan):The first annual report of A-share in 2024 was released, and Jucan Optoelectronics disclosed the annual report on the evening of January 24, and in 2024, the company achieved operating income of 2.76 billion yuan, a year-on-year increase of 11.23%; net profit attributable to shareholders of listed companies was 196 million yuan, a year-on-year increase of 61.44%. The company intends to distribute a cash dividend of 1.6 yuan (tax included) to all shareholders for every 10 shares.