A-share pre-market report | Huang Renxun leads the collapse of quantum computing, pig enterprises' performance explodes

Investment Calendar China's December CPI and PPI data will be released today Editor's point of view Yesterday, the market staged a sharp V-shaped rebound, with several broad-based ETFs showing significant volume; Cinda believes that after a short period of consolidation, the period nearing the Spring Festival may be a significant buying point. Pre-market news 1. Huang Renxun says quantum computing applications will take decades, causing a sharp drop in US quantum computing concept stocks Type: Industry Emotional impact: Negative NVIDIA CEO Huang Renxun stated that a "very useful" quantum computer may still take several decades to achieve. Influenced by these remarks, US quantum computing concept stocks plummeted, with Rigetti Computing plunging 45% and Quantum Computing falling 43%. 2. Listed pig companies' performance explodes! Muyuan expected to earn over 18 billion last year, institutions optimistic about long-term valuation recovery Type: Industry Emotional impact: Positive Muyuan Foods expects to achieve a net profit of 18-19 billion yuan by 2024, Wens Foodstuff Group expects to achieve a net profit of 9-9.5 billion yuan; Beijing Dabeinong Technology Group, Shenzhen Kingsino Technology, New Hope Liuhe, and other companies disclosed a significant increase in pig sales in December last year. Guosheng Securities believes that the pig farming industry can still see good annual profits, and leading cost companies are likely to see long-term valuation recovery. 3. SASAC: Needs to vigorously develop artificial intelligence and accelerate the establishment of institutional mechanisms adapted to the development of artificial intelligence Type: Industry Emotional impact: Positive SASAC Vice Chairman Tan Zuojun stated that there is a need to vigorously develop artificial intelligence and promote the high-quality development of central enterprises. By thoroughly implementing the "AI+" action, strengthening the empowerment of artificial intelligence in various industries, and driving technological innovation, artificial intelligence can become a powerful engine for industrial upgrading and transformation. 4. FOMC Meeting Minutes: Officials lean towards slowing down rate cuts in the future, with increased inflation risks Type: Macro Emotional impact: Negative The FOMC meeting minutes for December indicated that considering the still high inflation risks, FOMC officials have taken a new stance on rate cuts, deciding to slow down the pace of rate cuts in the coming months; participants expect inflation to continue approaching 2%, but it may take longer than expected, and the anti-inflation process may have temporarily stalled. Institutional views 1. Minsheng Securities: Trading heat is weakening, the market enters a phase of pullback, undervalued state-owned enterprises are more cost-effective from a defensive perspective. 2. Cinda: After the consolidation period, nearing the Spring Festival may be an important buying point, focusing on financial real estate, upstream cycles, etc. 3. Orient: External risk expectations become the main factor disrupting the market, and a weak rebound may occur around the Spring Festival. Positive and negative outlook 1. Tesla Siasun Robot&Automation's "major update" is coming? Musk has already "spoiled" it Type: Market discussion Shanghai Securities: The commercialization of humanoid Siasun Robot&Automation is expected, and it is suggested to pay attention to domestic component manufacturers that will benefit. Subsequent events in the humanoid Siasun Robot&Automation industry chain, such as the latest progress and updates from Optimus, and releases from domestic and foreign manufacturers, could be catalysts. 2. Excavator sales end three consecutive declines: domestic sales rebound, exports maintain 100,000 units Type: Market discussion Caitong: The space for engineering machinery to go global is vast, with the global engineering machinery market being a nearly trillion-dollar market; the domestic excavator market has already rebounded, and non-excavator fields are expected to stabilize on a very low base. It is expected that the next three years will see a resonance phase in both domestic and overseas markets. 3. WeChat Stores, Taobao launch gift-giving functions, several listed companies participate Type: Market discussion Galaxy Securities: WeChat Stores' gift-giving feature is online, and two types of targets are expected to benefit: products with gifting attributes, such as snacks, health products, seasonal products, dairy products, and beverages; and companies with a high online proportion that can quickly adapt and expand with WeChat traffic. Announcements Positive announcements 1. Muyuan Foods: Expected net profit attributable to shareholders in 2024 of 17-18 billion yuan, turning a loss into a profit year-on-year 2. Zhuhai Enpower Electric: Established a joint venture company with Ehang Intelligence for eVTOL 3. Qingdao Haier Biomedical Co., Ltd.: One of the controlling shareholders plans to increase its shareholding by 100 million to 200 million yuan Negative announcements 1. Guangdong Shunna Electric: The company's latest P/E ratio and P/B ratio show significant differences from the industry average 2. Shenzhen Hopewind Electric: The company currently has no data center-related orders and is not involved in the data center hot spot 3. Anhui Jianghuai Automobile Group Corp., Ltd.: Automobile sales in 2024 were 403,100 units, a decrease of 7.42% year-on-year Overseas markets The three major US stock indexes experienced mixed movements, with the FOMC meeting minutes showing officials leaning towards slowing down rate cuts; Huang Renxun stated that a "very useful" quantum computer may take several decades to come, leading to a sharp drop in several quantum computing concept stocks. This article is from "Tencent Stock Selection", GMTEight Editor: Xu Wenqiang.