One week of Chinese stocks picks: Chinese stocks overall performance is weak

1. Review of the performance of the stock market during the week
1.1 Overall performance of weighted indexes such as China Prospect Stock
Since January 1, 2015, the weight index of Chinese stocks and other stocks has risen by 164.71%, outperforming the S & P 500 index, with a relative return of 121.17%.
Note: Constituent stocks and other weighted index constituent stocks include 52 companies that have constructed equal-weight mid-capitalization stock portfolios, and screened mid-capitalization stocks with a market capitalization of more than US $ 1 billion (excluding multiple listed state-owned enterprise stocks), adjusted every six months.
This year’s stock index fell 5.81%, this week the index fell 4.18%.
1.2 Chinese stocks rose TOP10
Popularity generally rises: e-commerce has seen more gains, such as Pinduoduo ’s gain of 12.07%, Bilibili ’s gain of 6.99%, Astor Solar ’s gain of 6.74%, and Futu Holdings ’gain of 5.42%, with a reasonable rise 4.57%, Baidu rose by 3.46%.
1.2.1 Pinduoduo’s Q1 revenue wins expectations, losses increase year-on-year
Pinduoduo’s 2020 Q1 financial report was released: revenue increased 44% year-on-year, exceeding market expectations. Although this quarter still recorded a loss of 4.119 billion yuan, but the company said that the current revenue has exceeded the pre-epidemic level, at least flat. Pinduoduo, who already has 600 million active buyers, also said: “2020 will be a milestone year for us.”
1.2.2 Bilibili 2020 first quarter financial report released, revenue and monthly user growth reached a new high
Bilibili has released its financial report as of March 31 this year. According to the report, in the first quarter, Bilibili’s revenue reached 2.32 billion yuan, an increase of 69% year-on-year. In terms of monthly user growth, it reached 172 million, which was an increase of 70% compared to the same period last year. What is more worthy of attention is that the number of paid users of Bilibili is a linear rapid growth, with a year-on-year increase of 134% in average monthly paid users.
1.3 TOP10 decline in Chinese stocks
Ruixing coffee topped the list: Ruixing Coffee resumed trading on Nasdaq on Wednesday. The stock of Ruixing Coffee closed at US $ 2.82 on the same day, a drop of 35.76%. On Friday, Ruixing Coffee fell again by 30.85% to close at US $ 1.39. , The total market value is only 350 million US dollars. Other companies, such as 21Vianet, who to learn from, Sogou, etc., fell more than 10%.
1.3.1 Nasdaq requires Ruixing to be delisted, Lu Zhengyao: deeply disappointed and regret
Ruixing Coffee announced that it had received a written notice from the Nasdaq Stock Market listing staff on May 15. The staff had decided to delist Ruixing Coffee stock from the Nasdaq Market. Ruixing plans to require the Nasdaq hearing team to hold a hearing, but there is no guarantee that the hearing team will approve its request to continue listing. Before the final result, Ruixing said it will continue to go public.
1.3.2 21Vianet: Q1’s net profit attributable to shareholders turned year-on-year
Last weekend (May 15), 21Vianet released its unaudited financial report for the first quarter of fiscal 2020. According to the report, 21Vianet’s net revenue in the first quarter was RMB 1.09 billion, an increase of 25.1% year-on-year; the net loss attributable to the company’s common stock shareholders was 138.8 million, and the net profit for the same period last year was RMB 5.6 million, a year-on-year loss.
2. Highlights of key industry companies
2.1 It is said that Internet giants have launched a second listing in Hong Kong
Following Ali and JD.com, according to media reports, NetEase has recently secretly submitted an application for listing in Hong Kong, and the process of returning to Hong Kong is at least half a year in advance. Netease said it would not comment at this stage. According to the Hong Kong Economic Daily report, NetEase will return to Hong Kong for listing at the end of June, and the estimated fundraising scale for the secondary listing will be US $ 1 billion to US $ 2 billion.
2.2 Ruixing Coffee was exposed to use expired ingredients for drinks
Recently, a former Ruixing coffee store manager broke the news that Ruixing coffee used expired ingredients to make drinks for profit, and this phenomenon is very common. It is said that the broke person bought a drink at Ruixing coffee on May 8. Diarrhea started that night. After communicating with the regional manager of the store, the manager admitted that the store did use expired raw materials and said that the store had been issued a warning. In the end, a 200 yuan shopping card was awarded.
It is understood that the employee was ordered to resign by Ruixing because the employee received two warning sheets in total within 12 months