Shangguan Data Daily: Bitcoin Breaks $80,000, 7th CIIE Features 450 New Products, Nissan's Net Profit Plunges 94%

Shangguan Data Daily: Bitcoin Breaks $80,000, 7th CIIE Features 450 New Products, Nissan's Net Profit Plunges 94%[Macroeconomic and Policy]Bitcoin Surpasses $80,000 ThresholdOn November 10, Bitcoin reached the $80,000 mark per coin, marking a historic first, with a 4% surge within the day. This signifies the continued strength of the cryptocurrency market and growing investor confidence in digital assets

Shangguan Data Daily: Bitcoin Breaks $80,000, 7th CIIE Features 450 New Products, Nissan's Net Profit Plunges 94%

[Macroeconomic and Policy]

Bitcoin Surpasses $80,000 Threshold

On November 10, Bitcoin reached the $80,000 mark per coin, marking a historic first, with a 4% surge within the day. This signifies the continued strength of the cryptocurrency market and growing investor confidence in digital assets.

7th China International Import Expo (CIIE) Unveils 450 New Products and Services

The 7th CIIE concluded on the 10th. According to relevant officials from the China International Import Expo Bureau, this year, multinational corporations brought 450 new products, new technologies, and new services for their debut at the event, covering various technological frontiers such as high-end equipment, new materials, and biotechnology. The CIIE hosted 124 new product launch events, showcasing 176 cutting-edge technological products, injecting new momentum into global trade and economic development.

M&A & Restructuring Concept Stocks Gain Momentum, Multiple Stocks Surge Over 300%

Fueled by both policy support and market enthusiasm, the A-share M&A & Restructuring Index outperformed major indices, giving rise to over ten stocks that have doubled in value. Wind data shows that the Wind Restructuring Index has risen 68.6% since September, peaking at 5010.75 points last week and closing at 4927.54 points, marking its highest level since inception. Guangzhi Technology (300489.SZ), Yinzhijie (300085.SZ), Shuangcheng Pharmaceutical (002693.SZ), Fulede (301297.SZ), and Haooubo (688656.SH) lead the list of top performers, with multiple stocks exceeding a 300% gain.

However, the policy aims to drive companies to grow larger and stronger, while the hype surrounding the concept is not the intention. The soaring valuations do not necessarily enhance corporate performance. For instance, popular M&A concept stocks such as Shuangcheng Pharmaceutical and Yinzhijie have recorded consecutive quarterly or even annual losses in non-recurring net profit. If the M&A projects fail to materialize, the price speculation based on imagination will ultimately result in a mess.

[Industry/Company Data]

Nissan's Net Profit Plunges 94%

All seven major Japanese automakers have released their financial reports for the first half of the fiscal year (April to September this year). Among them, Toyota, Honda, Nissan, Mitsubishi, and Mazda all witnessed a decline in net profit compared to the same period last year. Notably, Nissan's net profit plummeted by 94% year-on-year, reaching a mere 19.2 billion yen (approximately 900 million yuan).

In June, multiple Japanese automakers faced public scrutiny due to a scandal involving falsified vehicle testing data. Some car models were forced to halt production and sales. This directly impacted sales volume, and the exorbitant remedial costs further squeezed profit margins, leading to public distrust towards Japanese automakers. Currently, Japanese automakers are encountering difficulties both in their domestic market and overseas. Statistics show that in the first half of the fiscal year, the global sales of the top three automakersToyota, Honda, and Nissanall declined.

Used Car Market Recovers

This year, the peak season for used car transactions has extended from the "golden September and silver October" period to the present. Besides seasonal factors, the "recovery" of the used car market can be attributed to incentives provided by the car trade-in policy. This year's car trade-in policy, while boosting the sales of new vehicles, has also channeled many old cars into the used car market, increasing inventory and offering consumers a wider range of choices.

According to data from the China Automobile Dealers Association, in September, the national used car market transacted 1.6584 million units, marking a 5.89% month-on-month increase and a 4.19% year-on-year growth, with a total transaction value of 106.391 billion yuan. As of October 20, used car transactions have witnessed a consecutive 7-week increase month-on-month. Reporters discovered that within this year's used car market, new energy used cars represent the fastest-growing segment. Data from the China Automobile Dealers Association reveals that from January to September this year, a total of 789,800 new energy used cars were transacted, demonstrating a 54% surge year-on-year. It is projected that this year's new energy used car transactions will likely surpass one million units for the first time.

New Domestic Smartphones Hit the Market, Older iPhones Plunge to Half Price

Recently, domestic brands have launched new smartphones in succession, triggering a new wave of phone upgrades. In the face of increasingly fierce competition, iPhone 16, just one month after its launch, has witnessed a significant price drop. Older iPhone models have also experienced price reductions, with iPhone 14 even reaching half its original price. According to the Securities Times, reporters have found that on major e-commerce platforms, the 128GB version of iPhone 14 is priced at 2349 yuan, equivalent to half the price compared to the 4699 yuan listed on Apple's official website.

[City Trends]

Beijing to Host Three Major International Ice and Snow Events

From late November to early December this year, Beijing will host three major international ice and snow events: the 2024-2025 ISU Speed Skating World Cup (Beijing Station), the 2024-2025 FIS Freestyle Ski and Snowboard Big Air World Cup, and the 2024-2025 ISU Short Track Speed Skating World Cup (Beijing Station). Notably, the Freestyle Ski and Snowboard Big Air World Cup, a Class A international sports event hosted by the FIS, will contribute points to the athlete's world ranking and serve as qualifying points for the 2026 Milan Winter Olympics.

2024 Guangzhou International Light Festival Lights Up

The annual "Light Festival" officially kicked off on November 9th, with a 10-day exhibition period from November 9th to 18th. This year's Light Festival adopts a "1+2" format, featuring one main venue and two sub-venues. The main venue is located on the new Central Axis and includes Flower City Square, Haixinsha Asian Games Park, and Guangzhou Tower, while the two sub-venues are the Pearl River Banks sub-venue and the Huangpu District sub-venue. Situated at the South Square of Flower City Square, the dynamic light installation artwork "Merging Light" collaborates with the Guangzhou Tower for the first time, presenting a 360-degree circular light show, showcasing the vibrant development of the core city of the Guangdong-Hong Kong-Macao Greater Bay Area.

Heilongjiang's Birth Rate Hits a New Low

The latest data released in the recently published "China Statistical Yearbook 2024" reveals that among the population data of various provinces in China in 2023, Heilongjiang province recorded a birth rate, death rate, and natural growth rate of 2.92, 9.84, and -6.92 respectively. Its birth rate and natural growth rate ranked last among the 31 provinces in China, while its death rate was the highest among the 31 provinces, garnering attention.

In 2022, Heilongjiang's birth rate was 3.34, and its natural growth rate was -5.11, already setting a historical lowwhich further declined in 2023. The population situation of the three northeastern provinces is often assessed together. In 2023, Liaoning and Jilin witnessed a trend of population return. Liaoning province saw a net inflow of 86,000 people, reversing the continuous 11-year net outflow of population since 2012. Jilin province experienced a net inflow of 43,400 people, marking the first net population inflow since 2011. Official sources haven't released information about a population return in Heilongjiang.

Population expert He Yaofu points out that a decline in the permanent resident population of a region can be attributed to two factors: natural decline (where deaths exceed births, resulting in a negative natural growth rate), and population outflow. By the end of 2023, Heilongjiang's permanent resident population was 30.62 million, compared to 30.99 million at the end of 2022, indicating a decline of 370,000 permanent residents in 2023. Regarding the primary reason for the decrease in Heilongjiang's permanent resident population in 2023natural decline or population outflowHe Yaofu analyzes that based