According to the news on February 23, Beijing time, the rapid increase in bond yields caused investors to panic. Theexcessively high valuation made technology stocks bear the brunt of a larger selling shock, and major technology stocks generally fell.As of the close, the Dow rose 27.37 points, or 0.09%, to close at 31521.69 points; the S&P 500 index fell 30.21 points, or 0.77%, to close at 3876.5 points; the Nasdaq fell 341.42 points, or 2.46%, to close at 13533.05. point.
The major US technology giants all fell:
Major U.S. tech giants
Major Chinese technology stocks fell across the board:
Major Chinese technology stocks
China Concept Stock Price
Most of the other Chinese concept stocks fell, among which companies that rose include:
Rising other Chinese concept stocks
Companies that were on par with the previous trading day include:
Other Chinese concept stocks that were unchanged from the previous trading day
Companies that fell include:
Other Chinese concept stocks that fell
EHang disclosed the details of the sales contract with Shanghai Kunxiang, saying that it is already taking legal action
On February 22nd, Ehang disclosed more details of the sales contract with Shanghai Kunxiang, and once again responded to the short report by Wolfpack Research.Shanghai Kunxiang is only one of the company’s many customers, not an affiliate of the company. The following are more details about the sales contract between Ehang and Shanghai Kunxiang: In 2019, Ehang received 29.2 million yuan in revenue from Shanghai Kunxiang, accounting for the company 24% of the total revenue during the same period; these revenues were entirely derived from the two sales contracts; about 71% of the revenue of Yihang’s sales to Shanghai Xuxiang in 2019 has been recovered; through the aircraft provided by Yihang, Shanghai Xuxiang is different The location has carried out aerial sightseeing, emergency transportation, aerial fire fighting, and other businesses, and carried out a series of test flight activities in 17 cities across the country.These activities have been reported by the media, and detailed information can be inquired through Shanghai Kunxiang's official Douyin account and other channels; Yihang has attracted several private, multinational, and local government customers at home and abroad.In the fiscal year ending December 31, 2020, Shanghai Kunxiang is no longer Ehang’s largest customer.Zhang stated that to protect the interests of the company and its shareholders, the company is taking legal actions against Wolfpack Research's malicious slander and false accusations.After the disclosure of the above news, Yihang's stock price changed from falling to rising in pre-market trading, with an increase of 8.36% at one time.In regular transactions, Yihang's stock price fell by US$6.57, or 10.99%, to close at US$53.23.
Momo's ROE is 17%, and its share price has risen 24% in the past 3 months
Momo's share price has risen 24% in the past three months.Return on net assets (hereinafter referred to as "ROE") reflects the growth of corporate value and the efficiency of managing investor funds. In short, it is the profit that shareholders can obtain for every dollar invested.The calculation formula of ROE is: ROE = (continuing business) net profit ÷ shareholder equity, for Momo: 17% = RMB 2.5 billion ÷ RMB 14 billion (based on data for the 12 months before September 2020 Calculation).In other words, for every dollar of market value, Momo can make a profit of $0.17.According to the profit ratio of the company's reinvestment or "retention" and the efficiency of reinvestment, investors can evaluate the company's profit growth potential based on ROE.Assume other factors remain unchanged.The higher the ROE and profit retention ratio, the faster the company's growth.Momo's ROE still seems acceptable, especially when compared to the industry's 14% ROE.This may lay the foundation for its 35% net profit growth in the past 5 years.Of course, other factors are driving the rapid growth of Momo's profits, such as excellent strategic decisions by management and a low dividend payout ratio.The industry profit growth rate during the same period averaged 30%, slightly lower than Momo's 35%.However, Momo's profit growth is expected to slow.In regular trading, Momo's stock price fell by US$1.28, or 7.02%, to close at US$16.96.
U.S./Foreign Technology Stocks
Most other foreign technology stocks fell, and the companies that rose included:
Rising other foreign technology stocks
Companies that were on par with the previous trading day include:
Other foreign technology stocks that were unchanged from the previous trading day
Companies that fell include:
Other foreign technology stocks that fell
Apple's Q4 mobile phone shipments approached 80 million units, beating Samsung for the first time since 2016
According to data released by market research company Gartner on Monday, Apple's smartphone shipments in the fourth quarter of 2020 exceed any other company, including Samsung.Apple's smartphone shipments approached 80 million units, reaching the top for the first time since 2016.The strong sales data of Apple's Christmas sales season and the newly released data from Gartner indicate that the iPhone 12 series mobile phones are very popular in the market.The iPhone 12 only went on sale in late October last year.These data also show that Apple's ability to withstand the new crown epidemic is better than its competitors.IDC's report last month showed that Apple's smartphone shipments were 90.1 million units in the fourth quarter of last year, setting a record for smartphone manufacturers’ single-quarter shipments.Apple did not disclose smartphone shipments, but it disclosed in its financial report that iPhone business revenue increased by 17% year-on-year to US$65.6 billion.Apple's business is seasonal, and the fiscal quarter ending in December is usually the best quarter for Apple’s business.According to Gartner data, due to the impact of the new crown epidemic, global smartphone shipments in 2020 will fall by 5.4%, and Apple's shipments will increase by 3.3% against the trend. For the whole year, Samsung is still the smartphone manufacturer with the highest shipments. However, it still fell 14.6%.
"Barron Weekly" claims that Oracle will successfully transform cloud services, and its stock price has risen over 5% against the trend
Most technology stocks fell on Monday, but Oracle's stock price ushered in its best day in nearly a year. One reason may be that the cover story of Barron's Weekly published its cloud service business prospects last Friday.According to a report in Barron's, Oracle will become the next established technology company to successfully transform like Adobe, Autodesk, and Microsoft. These companies have all changed their business models from selling software to selling services, and their stock prices have risen as a result.The article pointed out that Oracle can increase cloud computing business revenue by providing cloud services to customers and operating cloud service infrastructure.However, it is difficult to figure out the scale of these businesses within Oracle, and a considerable part of its revenue still comes from traditional business models.Since 2018, Oracle no longer discloses the revenue and operating costs of its cloud computing business.In the most recent fiscal quarter, Oracle's total revenue increased by 1.9%, which was far below the growth rate of the cloud computing industry.Gartner estimates that the cloud computing industry will grow by 37% in 2019.Oracle has obtained the cloud computing infrastructure business of some companies, including video conferencing software manufacturer Zoom. During the epidemic, enterprises have a greater demand for cloud computing services, but it has not become the leader in this market.IDC estimates that Oracle's share of the public cloud service market in the first half of 2020 will be less than 3%, while Amazon and Microsoft will each have a share of 13%.In regular transactions, Oracle's stock price rose $3.32, or 5.43%, to close at $64.45.
