Elon Musk reveals new information about Tesla AI5; CDF plans its first interim dividend | Today's Important News Recap
1105 ｜Dolphin Research Focus:
🐬 Macroeconomics/Industry
1.China has adjusted its tariff policy on the US, announcing the suspension of the previously imposed 24% tariff rate on certain imported goods originating from the US, while retaining the 10% additional tariff rate. The policy adjustment focuses on balancing trade costs and domestic demand, covering a range of goods including machinery and electronic components. In the short term, the policy will ease market concerns about the escalation of the 'tariff war', while the long-term direction of tariff adjustments will depend on the progress of Sino-US trade negotiations.
🐬 Individual Stocks
1.$CTG DUTY-FREE(01880.HK)
China Duty Free recently disclosed its first interim dividend plan, proposing to distribute a cash dividend of 0.25 yuan per share (tax included) to all shareholders, totaling 517 million yuan, accounting for 16.95% of the net profit attributable to the parent company for the first three quarters of 2025. China Duty Free recently released its third-quarter financial report, with Dolphin Research's commentary available in the article 'Revenue Stops Declining, Has China Duty Free Finally 'Escaped the Pit'?'. The first interim dividend conveys the company's confidence in the stability of its cash flow. Although the dividend ratio is not high, it can soothe market sentiment and restore investors' expectations for the recovery pace of the duty-free industry during a period of short-term performance pressure.
2.$Tesla(TSLA.US)
Elon Musk has clearly stated that mass production of the AI5 chip is expected to be completed by 2027, and the AI6 chip will be launched in 2028. The AI5 chip will be manufactured by TSMC and Samsung Electronics, with the core goal of ensuring consistent AI software performance for both chips to support upgrades in autonomous driving and in-car intelligent systems. This move strengthens Tesla's autonomous control capabilities in the field of in-car AI hardware, aiming to reduce dependence on third-party chip manufacturers.
3. Dolphin Research's recent focus on financial reports and conference call minutes
AMD: 'AMD: 'Partnering with Open AI? Not a 'Backup' Lifesaver', 'AMD (Minutes): No New Orders Disclosed, MI450 Focuses on Rack-Level Solutions'
Uber: 'Uber: Performance is Fine, But Scared by Robotaxi Again?', 'Uber (Minutes): Deliberately Slowing Profit Margin Growth, AV Won't Be Profitable for a Long Time'
Spotify: 'Spotify's New Price Increase Cycle, Can It Soar Again?', 'Spotify (Minutes): Currently Focusing on Further Activating User Ecosystem'
Rivian: 'Rivian: Narrowing Losses, R2 Mass Production Imminent, Is Rivian's Dawn Here?', 'Rivian (3Q25 Minutes): Still Confident in Halving R2 Costs'
Unity will release its financial report tonight, and Dolphin Research will follow up with analysis and interpretation.
🐬 Leading Sectors
Shanghai and Shenzhen: Various public utilities, forest products, heavy electrical equipment
Hong Kong Stocks: Silver, heavy electrical equipment, copper
US Stocks: Tires and rubber, diversified financial services, investment services and holding companies.
🐬 Focus for Tomorrow
1. Companies such as Applovin, Qualcomm, ARM, Robinhood, and Duolingo will release their financial reports.
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