Today's Important News Review | Dolphin Investment Research

0715 Dolphin Focus:

🐬 Macro/Industry

1. According to the preliminary statistics from the National Bureau of Statistics, China's GDP in the first half of the year was RMB 61.6836 trillion. Calculated at constant prices, it increased by 5.0% year-on-year, with a 5.3% growth in the first quarter and a 4.7% growth in the second quarter. The 5% growth in the first half was generally within expectations, and the policy stimulus in the second half of the year may further increase. In June, China's total retail sales of consumer goods reached RMB 4.0732 trillion, a year-on-year increase of 2.0%.

🐬 Individual Stocks

1. Tesla

Tesla surged in after-hours trading, rising over 5%. On the news front, after the unsuccessful assassination attempt on Trump over the weekend, it instead sparked enthusiasm among his supporters. Musk tweeted continuously in support of Trump. Prior to this, there were rumors that Musk made a significant donation to Trump's campaign. Last month, Trump publicly stated that if elected as the U.S. president, he would immediately repeal Biden's climate legislation, increase investment in fossil fuels, and revoke regulations aimed at accelerating the transition to electric vehicles.

2. Nongfu Spring

Nongfu Spring's stock price recently plummeted as the bottled water industry triggered a new round of price wars. In April, Nongfu Spring launched green bottled water, aggressively entering the purified water sector. Some channels even sold at prices as low as RMB 0.66 per bottle, forcing brands like Yi Bao and Wahaha to follow suit, promoting discounts and lowering bottled water prices to around RMB 1. Low prices help quickly seize market share, but price reductions inevitably squeeze the company's profit margins. Nongfu Spring closed down by 4.56% today.

🐬 Leading Sectors

SH/SZ: Water and soft drinks, coal and consumable fuels, consumer goods retailers;

HK: Commercial and residential mortgage financing, leisure facilities such as sports stadiums, leisure products such as sports equipment;

US: Real estate management companies, heavy electrical equipment, IT consulting.

🐬 Tomorrow's Focus

1. U.S. retail sales month-over-month, U.S. import price index month-over-month.

Risk disclosure and statement for this article: Dolphin Research Disclaimer and General Disclosure