SenseTime-W has announced the launch of the 600 billion parameter large model "RiRiXin 5.0" and resumed trading on April 25th. This model has made significant improvements in knowledge, mathematics, reasoning, and coding capabilities, and is fully benchmarked against GPT-4Turbo. In addition, SenseTime-W has also released an industry large model integrated machine version and a mobile end-side large model SDK version. The board of directors has noticed abnormal fluctuations in the trading price and volume of Class B shares, but the specific reasons are unknown

SenseTime-W launches a 600 billion parameter large model "RiRiXin 5.0", resumes trading on April 25th

TME-SW(01698) rose 8.74%, with a trading turnover 7.7 Million HKD, and a year-to-date rose 46.3%. KUAISHOU-W(01024) rose 8.15%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 0.3%. LI AUTO-W(02015) fell 1.83%, with a trading turnover 1.5 Billion HKD, and a year-to-date fell 34.4%. CHINA COAL(01898) fell 0.91%, with a trading turnover 262.1 Million HKD, and a year-to-date rose 7.5%.

Top 5 HK Stock Gainers/Losers (>100B) (4.24)

TIANQI LITHIUM(09696) fell 19.15%, with a trading turnover 263.6 Million HKD, and a year-to-date fell 34%. CHABAIDAO(02555) fell 9.38%, with a trading turnover 35.4 Million HKD, and a year-to-date fell 33.7%. ZONQING LTD(01855) fell 6.14%, with a trading turnover 5.4 Million HKD, and a year-to-date rose 12%.

Top 10 HK Stock Losers (4.24)

SENSETIME-W(00020) rose 31.15%, with a trading turnover 1.3 Billion HKD, and a year-to-date fell 31%. KEEP(03650) rose 19.65%, with a trading turnover 424.5 Million HKD, and a year-to-date fell 41%. WEIMOB INC(02013) rose 13.22%, with a trading turnover 193.5 Million HKD, and a year-to-date fell 52.4%.

Top 10 HK Stock Gainers (4.24)

Nomura stated that Xiaomi's SU7 has a delivery target of 100,000 units this year, reflecting that the factory will operate at a relatively tight utilization rate. It is estimated that with the increase in delivery volume in the automotive business, the gross profit margin will be between 5% to 10%. When the annual delivery volume reaches 300,000 to 400,000 units, it will be able to achieve operational breakeven

Rating Quick Look | SU7 outlook exceeds expectations, Xiaomi's target price raised! Apple, Baidu face price cuts

中国产能出海或可以反过来促进新兴市场的需求上升，尤其是在当前新的宏观形势下。日本企业在过去几十年的出海经验可以为中国提供启示，通过持续对外出海和对内升级，日本成功地实现了产业升级和转型。中国企业需要在选择行业和市场方面谨慎决策。本文综合了中金行业分析师观点，提供了 A 股、港股和美股的出海受益标的供投资者参考。

中金：日企出海启示录

中国投资者近期在国际黄金市场上表现活跃，成为最具影响力的参与者之一。报道指出，中财期货是上期所黄金期货的最大多头，持有超过 50 吨黄金的看涨头寸，价值近 40 亿美元，相当于中国央行黄金储备的 2% 以上。金价的飙升以及上期所黄金交易量的激增也支持了中国投资者在黄金市场上的地位。这显示了新兴市场资本开始有能力影响黄金价格，使中国投资者掌握了黄金的定价权。

“黄金第一多头” 火了！

Overnight hottest contracts: AMD calls with an expiration date of April 26th and a strike price of $155, with a trading volume of 60,000 contracts. Tesla puts with strike prices of $140 and $130 each traded around 50,000 contracts. Agnc puts with expiration dates of September 20th and strike prices of $8 and $7 each traded over 40,000 contracts

US Stock Options | NVIDIA, Apple trading volume continues to fall! Alibaba, Mara, SMCI rise!

美国检方当地时间 4 月 23 日在一份法庭文件中称，全球最大加密货币交易所币安的创始人赵长鹏在承认违反反洗钱法之后，应在监狱服刑 36 个月。赵长鹏预计将于 4 月 30 日在西雅图被判刑，他于去年 11 月辞去币安首席执行官一职，当时他承认了违法行为，公司同意接受 43.2 亿美元的罚款。

美国寻求判处币安创始人赵长鹏 36 个月监禁

Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEX), stated that the group delivered a strong performance in the first quarter of this year. Despite a weak global macro environment, the derivatives and commodities business segments continued to perform well. The average daily turnover in March and April showed a significant increase, indicating a recovery in investor confidence. The trading volume under the Stock Connect program kept rising, while the Bond Connect program achieved a quarterly record high trading volume. HKEX's quarterly results revealed an increase in revenue and other income compared to the previous period, with net profit attributable to shareholders also exceeding expectations. Charles Li believes that the measures taken by the China Securities Regulatory Commission will further enhance the attractiveness of Hong Kong's capital market. The group remains optimistic and bullish on the long-term growth trend of the Chinese economy

HKEX's Charles Li: Average daily turnover of Hong Kong stocks in March and April has significantly rebounded, investor confidence is somewhat restored

The founder of Binance, the world's largest cryptocurrency exchange, is facing a potential 36-month prison sentence after pleading guilty to money laundering charges. US prosecutors argue that the severity of the violations warrants an above-guidelines sentence. Binance admitted to failing to report suspicious transactions and supporting the sale of illegal materials. The founder has already stepped down from his position and agreed to pay a penalty of $4.32 billion.

US seeks 36 months' jail for Binance founder Zhao

港交所公布，今年首季现货市场标题平均每日成交金额 994 亿元，按年跌 22%，按季升 9%。集团指，3 月和 4 月的日均成交额已经明显回升，3 月起的日均成交额回升至千亿元水平。衍生产品市场及商品市场首季持续增长和表现强劲。上季衍生产品合约日均成交合约张数创季度新高，伦敦金属交易所收费交易金属合约的日均成交量也有所增长。首季有 12 只新股上市，集资额共 48 亿元，但较去年同期有所下降。港交所将继续与政府合作，推出措施优化市场机制以及促进市场发展。

港交所：首季日均成交额按年跌 22% 3、4 月已明显回升

Citigroup raised Xiaomi's target price from HKD 19.6 to HKD 21.9, maintaining a "buy" rating, and increased the adjusted EPS for 2024 by 25%. JP Morgan also continued to maintain an "overweight" rating for Xiaomi and set a target price at the level of HKD 21.0

SU 7 is OK! Lei Jun "convinces" Wall Street

比特币向上触及 67000 美元/枚，日内涨 1.10%。

Analysts say that in the field of artificial intelligence, investors may not be able to ignore Meta, the parent company of Facebook. Meta's CEO Mark Zuckerberg is driving the company's progress in the field of artificial intelligence. However, facing challenges from competitors such as Amazon and Google, as well as concerns about overvaluation, some analysts are cautious about Meta's earnings performance. Meta has released an early version of its latest large language model, Llama 3, which has been integrated into the Meta AI system. Recently, tech stocks have performed poorly, with the stock price of the AI chip company NVIDIA experiencing a significant decline. Meta is set to announce its first-quarter financial results this week

Meta's pre-earnings analysis: The "AI potential stock" that cannot be ignored as recommended by analysts

Meme 币行情持续火热，“狗帽币” Dogwifhat (WIF) 发行 4 个多月，价格飙升 20 倍，风险投资公司 Stratos 表示，仅 Dogwifhat 就为该公司带来了 300 倍的回报。

“三根阳线改变信仰”？美国疯炒 “空气币”，对冲基金要入局了？

商汤在港交所停牌，停牌前涨 31.15%。

Meta Platforms is set to announce its financial results for the first quarter of 2024 on Wednesday. Analysts are optimistic about Meta's prospects in the field of artificial intelligence, as the company is laying a solid foundation. Meta AI will be integrated into applications such as Facebook, Instagram, and WhatsApp, and can be accessed in the search boxes of these platforms. Meta faces competition from companies like Amazon and Alphabet. Wall Street analysts expect Meta's first-quarter revenue to reach $36.24 billion, a nearly two-thirds increase year-over-year

MetaQ1 financial report to be released soon, analysts optimistic about AI business prospects

We continue to make the necessary investments that will drive growth and profits for Tesla in the future.  I think Cathie Wood said it best. Like really, we should be thought of as an AI or robotics company.  If somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company. 

Tesla (TSLA) Q1 2024 Earnings Call Transcript

Kewang Stock strengthened again today, with SenseTime-W releasing a new model, leading to an increase of over 30%. The China Securities Regulatory Commission's 5 Hong Kong-friendly policies boost confidence in the Hong Kong stock market, and Hong Kong-listed companies continue to increase their share buyback efforts. Leading internet companies are increasing their investment in the AI field, which is expected to improve profit expectations

Understanding the Market | Tech stocks continue to be strong, with SenseTime-W leading the Hengqiang Index components with an increase of over 30%

今年，投资者从 ARK 旗下六只主动管理型 ETF 中净撤资 22 亿美元，这个数字远超过了 2023 年全年的净撤资总额。

“错过英伟达、坚守特斯拉”，投资者用脚投票，“木头姐” 的 ARK 今年四个月资产缩水 30%

Tesla's revenue and profit have been below expectations for three consecutive quarters, with revenue declining year-on-year for the first time in four years and experiencing the largest drop in twelve years. Profits have been halved, and free cash flow has turned negative for the first time since the pandemic. The company reiterated its pessimistic forecast for significant lower vehicle sales growth this year, but stated that it will accelerate the launch of more affordable new models and increase AI investments, emphasizing that "the future belongs not only to electric vehicles, but also to autonomous driving."

Tesla's first-quarter report fell short of expectations, but reiterated its plan to accelerate the launch of affordable models, rising 8% after hours | Financial Report Insights

恒生科技指数涨超 2%，商汤涨超 25% 领涨成分股。

商汤涨幅扩大至超 25%，公司发布 AI 大模型日日新 5.0 版本，性能超越 GPT-4 Turbo。

商汤涨幅扩大至超 25%

So far this year, strong US economic and inflation data have led investors to postpone their expectations for a rate cut by the Federal Reserve. According to CME's Fed watch tool, interest rate futures positions indicate that the Fed may not cut rates until July or September. Active consumer shopping and rising inflation data suggest that the US economy remains robust. Goldman Sachs economists expect first-quarter economic growth to reach 3.1% and have delayed their rate cut expectations to July for the first time. They believe that inflation will not continue to rise

Goldman Sachs delays the "first rate cut" by the Federal Reserve to July after strong data "slaps in the face"

港股出门问问上市首日破发，开跌超 21%。

Elon Musk stated that investors cannot truly understand Tesla without experiencing FSD firsthand, and revealed that they are in talks with a car manufacturer regarding FSD licensing. Meanwhile, Tesla has released a preview version of calling autonomous driving cars through the app

Earnings call educates Wall Street! Musk: If you don't agree that Tesla is an autonomous driving company, then you shouldn't buy the stock

Guo Mingchi believes that Apple cut orders before launching Vision Pro in markets outside the United States, indicating a significant drop in demand in the US, exceeding expectations. This also suggests that the development of MR headsets, Pancake, and Micro OLED may be lower than market expectations

"The Most Knowledgeable Apple Analyst": Apple lowers shipment forecast for Vision Pro in 2024 and 2025

Goldman Sachs Group's stock price hit a record high, with an analyst calling it "almost perfect performance." Goldman Sachs' first-quarter financial report shows year-on-year growth in revenue and net profit, with performance in various businesses exceeding expectations. Goldman Sachs is repositioning itself to achieve cleaner and simpler goals, re-establishing its dominant position in the trading field. The market holds an optimistic view on the information about Goldman Sachs returning to its areas of expertise

"Nearly Perfect" Q1 Performance Reignites Optimism, Goldman Sachs Stock Hits New High for 2021

河北警方介入调查理想汽车 MEGA 遭水军恶意攻击事件，并对三至四家涉嫌参与打压的车企展开询问。小鹏汽车一名中层员工正在配合调查。小鹏汽车方面表示，他们非常支持警方打击网络水军的行动，并已向公安机关报案。此前，理想 MEGA 上市后遭受网络恶搞和负面报道。此类情况在汽车行业中时有发生，智己汽车和长城汽车也曾遭遇类似问题。

理想 MEGA 遭 “网暴”，河北警方介入！小鹏一中层配合调查？小鹏汽车紧急回应

Tesla unexpectedly announced in its financial report that it will accelerate the launch of an affordable model, and also released a new high-performance version of the Model 3, claiming that it exceeds the speed of a Porsche 911. Musk stated that hybrid is not the future, and Tesla firmly believes in pure electric vehicles. Apple held a special event on May 7th. Guo Mingchi from TF International Securities believes that due to a demand decline "significantly exceeding expectations," Apple has reduced the shipment volume of the Vision Pro headset. Li Auto: Li ONE will not reduce its price, and Li Xiang ONE and Li Xiang TWO will not introduce an Air model. Dark Moon responded to rumors of founder Yang Zhilin cashing out tens of millions of dollars: the news is not true

Breakfast | Tesla's financial report surprises and stimulates a 10% surge after hours, while Apple is reported to cut Vision Pro shipments

Tesla's first-quarter revenue and earnings per share fell short of expectations, but Tesla's CEO stated that they will accelerate the launch of a low-cost model. This news boosted Tesla's stock price, rising more than 10% after hours. Tesla's first-quarter revenue was $21.301 billion, a 9% decrease from the same period last year, marking the largest decline since 2021. Adjusted earnings per share were $0.45, below analysts' expectations. Tesla's gross profit declined by 18%, but the gross margin exceeded expectations. Operating profit fell by 56%, and the adjusted EBITDA profit margin decreased by 2.4%. Net cash flow from operating activities decreased by 90% compared to the same period last year. Capital expenditures increased by 34%. Free cash flow fell short of expectations

Tesla's after-hours trading surged by over 10%! Q1 revenue and EPS below expectations, will accelerate the launch of affordable models early next year

马斯克被高盛分析师 Mark Delaney 问及定价策略，称：如果你的产品质量优秀价格高昂，销售也会很出色。

Jetblue Airways(JBLU) fell 18.77%, with a trading turnover 232.9 Million USD, and a year-to-date rose 9.9%. LKQ(LKQ) fell 14.88%, with a trading turnover 408.9 Million USD, and a year-to-date fell 12.3%. MSCI(MSCI) fell 13.43%, with a trading turnover 1.6 Billion USD, and a year-to-date fell 20.9%.

Top 10 US Stock Losers (4.23)

MMTEC(MTC) rose 43.59%, with a trading turnover 13.5 Million USD, and a year-to-date rose 124%. Futu(FUTU) rose 11.45%, with a trading turnover 230.2 Million USD, and a year-to-date rose 13.3%. Microvast(MVST) fell 9.29%, with a trading turnover 2.0 Million USD, and a year-to-date fell 67.4%. Bilibili(BILI) fell 2.13%, with a trading turnover 188.2 Million USD, and a year-to-date fell 5.6%.

Top 5 CDRs Gainers/Losers (>100M) (4.23)

Hibbett(HIBB) rose 18.84%, with a trading turnover 357.3 Million USD, and a year-to-date rose 20%. Hashi(HCP) rose 18.74%, with a trading turnover 490.1 Million USD, and a year-to-date rose 23.3%. Canopy Growth(CGC) rose 15.03%, with a trading turnover 104.4 Million USD, and a year-to-date rose 76.7%.

Top 10 US Stock Gainers (4.23)

General Electric(GE) rose 8.28%, with a trading turnover 3.1 Billion USD, and a year-to-date rose 60.2%. Danaher(DHR) rose 7.21%, with a trading turnover 1.7 Billion USD, and a year-to-date rose 9.5%. PepsiCo(PEP) fell 2.97%, with a trading turnover 1.6 Billion USD, and a year-to-date rose 1.6%. Walmart(WMT) fell 1.75%, with a trading turnover 1.1 Billion USD, and a year-to-date rose 12.9%.

Top 5 US Stock Gainers/Losers (>100B) (4.23)

Compared to the previous version, the new Tesla Model 3 Performance version is equipped with the most powerful drive system in the Model 3 series, with an acceleration time of 0 to 60 miles per hour in just 2.9 seconds. It can reach a top speed of 163 miles per hour, with over 500 horsepower. Musk claimed that the Model 3's speed exceeds that of a Porsche 911. The starting price of this model is $52,990

Tesla releases high-performance all-wheel drive Model 3, with a top speed exceeding Porsche 911, priced at $52,990

金属盘中普跌，伦锡重挫逾 7%，伦铜继续跌离两年高位，黄金一度抹平跌幅。伦锡在创近两年新高后两连跌至一周低位，两日领跌基本金属。伦镍跌近 4%，伦铝跌超 3%，伦铜伦锌跌超 1%。美国 PMI 公布后，盘中曾跌近 2% 的黄金期货一度接近抹平跌幅。

金属盘中普跌，伦锡重挫逾 7%，伦铜继续跌离两年高位，黄金一度抹平跌幅

Due to affluent consumers reducing their purchases of Gucci products, Kering Group has warned that its main operating revenue in the first half of the year will decrease significantly by 40% to 45%. Since the beginning of this year, there has been performance differentiation in the luxury goods industry, with Kering Group's stock price falling by 16%, while LVMH's stock price has risen by 8% and Hermes' stock price has risen by 21%

Kaiyun Group warns that its recurring operating income in the first half of the year may decline by more than 40%

Apple announced that it will hold a special event on May 7th, expected to release a new iPad and accessories. According to media reports, the Pro and Air series will receive major updates this time, with the iPad Pro models equipped with a new M3 chip, and the iPad Air will come with a 12.9-inch screen option

Report: Apple's special event on May 7th is expected to release a new iPad

Hong Kong's largest IPO this year loses its luster

资管巨头们正在重塑华尔街的金融版图。大型投资公司如黑石集团、富兰克林邓普顿基金集团、贝莱德和 KKR 集团等正在扩展业务领域，使得银行逐渐边缘化。传统资产管理公司、私募基金经理和对冲基金管理的资产规模达到 43.5 万亿美元，几乎是银行 23 万亿美元资产的两倍。资产管理公司通过提供新型金融产品和服务来获得更多市场份额，私募股权行业创造了最多的亿万富翁。资管公司正在取代银行成为最吸引美国企业和个人资金的 “钱袋子”。

华尔街换主角了！投资公司的资产如今 2 倍于银行

小米汽车将推出纯电 SUV，预计于 2025 年上半年推出，同时规划更低价车型，预计于 2026 年推出。小米 SU7 锁单量已突破 7 万辆，年交付目标提升至超 10 万辆。小米汽车计划三年推出三款新车，以高端轿车、SUV 奠定品牌基调，而后推出低价车型扩大销量。小米汽车的第一款车型 SU7 旨在成为纯电轿车的标杆车型，已取得成功的销售成绩。雷军表示将持续打磨 SU7，目标是成为价位段最畅销的车型。

小米汽车将推出纯电 SUV，同时规划更低价车型

Warren Buffett: Stock prices will eventually reflect the intrinsic value of the company; Peter Lynch: A sharp drop is a great opportunity to make big money; Jim Rogers: Buy when it's worth, sell when it's crazy; George Soros: Never bet the farm

How to deal with a big drop? Patience to wait for good cards

In the first quarter of this year, China International Travel Service's main business gross profit margin increased to 32.70%, up 3.95 percentage points from the same period last year; operating cash flow decreased by 28.59% year-on-year

China International Travel Service Corporation Limited (CITS) Q1 revenue was 18.8 billion, a year-on-year decrease of 9.45%, with a slight net profit increase of 0.25% | Financial Report News

Nvidia, Meta rose more than 1% in pre-market trading, AMD, Tesla rose, Apple slightly down. Pinduoduo, Nio rose more than 1%, Alibaba, JD.com, Baidu rose nearly 1%, XPeng, Li Auto rose, NetEase fell more than 1%, Bilibili fell more than 2%. Microstrategy, Marathon Digital, Coinbase all fell

Pre-market trading in US stocks: Nvidia, Pinduoduo, Nio lead gains! Market focuses on Tesla's post-market performance

vivo and Honor rank top two in market share, with Huawei's sales growing by 70%

In the first quarter of this year, iPhone sales in China dropped by 19%

Bank of America believes that Tencent has a strong willingness, capability, and execution power in terms of shareholder returns. The company plans to repurchase 100 billion RMB this year, and in January, Tencent has accelerated its daily repurchase amount to 1 billion RMB. If this pace continues, the total repurchase amount for the year will exceed 130 billion RMB. Coupled with the dividends announced last year, it is estimated that shareholder returns this year will exceed 5%