Economic Performance - Guangzhou's GDP for the first three quarters of 2023 reached 23,265.65 billion yuan, with a year-on-year growth of 4.1% [1] - The first industry added value was 197.94 billion yuan, growing by 4.2%; the second industry added value was 5,564.37 billion yuan, growing by 2.7%; and the third industry added value was 17,503.34 billion yuan, growing by 4.6% [1] - The economic growth momentum is increasingly driven by emerging industries, contributing over one-third of the growth [2][3] Industrial Development - The industrial added value in Guangzhou increased by 1.4% year-on-year in the first three quarters, an improvement of 0.7 percentage points from the first half of the year [3] - The "3+5" strategic emerging industries achieved an added value of 7,517.28 billion yuan, with a year-on-year growth of 4.6% and a contribution rate of 35.2% to GDP [3][4] New Energy Vehicles - Xiaopeng Motors experienced significant growth, with overseas deliveries reaching 29,706 units, a year-on-year increase of over 125% [2] - The production of new energy vehicles in Guangzhou showed a steady increase, with a cumulative production growth of 20.6% year-on-year [2] Infrastructure and Investment - The T3 terminal of Guangzhou Baiyun International Airport officially commenced operations, marking a new era for the airport with five runways and three terminals [5] - In the first three quarters, 1,939 new fixed asset investment projects were initiated, with a total planned investment amount increasing by 5.7% year-on-year [3] Trade and Foreign Investment - Guangzhou's total import and export value exceeded 900 billion yuan in the first three quarters, with exports maintaining a growth rate of over 20% [10] - Cross-border e-commerce imports and exports reached 169.12 billion yuan, contributing to a year-on-year growth of 12.5% in foreign trade [10] Consumer Market - The passenger volume at Guangzhou's airport exceeded 60 million, with a year-on-year growth of 8.4%, and international passenger volume increased by 20% [6] - The city's retail market saw a significant increase in consumer spending, particularly in the tourism sector, with inbound tourist spending via Alipay surging over 180% [6][8]

Core Viewpoint - The company, Xinyi International (00732.HK), announced its intention to acquire approximately 11.43% equity in Xinyi Renshou from Renshou Chantuo through a public bidding process, with a total consideration not exceeding RMB 1.05 billion [1][2] Group 1: Acquisition Details - The acquisition is set to be completed by October 22, 2025, and will be conducted via a public bidding process [1] - Upon successful completion of both the first and second bids, Xinyi Optical will hold approximately 41.13% of Xinyi Renshou's equity [1] - If the company is successful in only one of the bids, it will hold approximately 35.41% of Xinyi Renshou's equity [2] Group 2: Company Structure and Financial Reporting - Xinyi Renshou is a company registered in China and is classified as an associate company of the group, accounted for using the equity method in the group's consolidated financial statements [1][2] - As of the announcement date, Xinyi Renshou is held approximately 29.69% by Xinyi Optical, 64.29% by Renshou Chantuo, and 6.02% by Renshou Jican No.1 Limited Partnership, with the latter two being independent third parties [1]

Core Viewpoint - LG Display plans to invest 1.26 trillion Korean won in its OLED factory [1] Group 1 - The investment is aimed at enhancing the production capacity of OLED displays [1] - This move reflects LG Display's commitment to maintaining its leadership in the OLED market [1] - The investment is part of a broader strategy to meet increasing demand for OLED technology in various applications [1]

Economic Recovery in Guangzhou - The economic data for the first four months of 2023 shows a steady recovery in Guangzhou's consumption market, with industrial investment continuing to grow and emerging industries performing well [1][2] - The "three driving forces" of investment, exports, and consumption are working together to strengthen the economic resilience of Guangzhou [1] New Energy Vehicle Industry - In April, the production of new energy vehicles increased by 17.4% year-on-year, contributing to a cumulative growth of 5.2% for the first four months [3] - Xpeng Motors saw a remarkable 273% year-on-year increase in new car deliveries in April, while GAC Group's new energy vehicle sales rose by 26.88% [3] Industrial Investment - Industrial investment in Guangzhou grew by 15.0% in the first four months, with industrial technological transformation investment increasing by 26.9% [4] - Key industries such as automotive parts manufacturing and petrochemical manufacturing showed strong investment growth, with increases of 43.3% and 30.5% respectively [4] Foreign Trade Performance - Guangzhou's foreign trade maintained strong resilience, with total imports and exports reaching 400.2 billion yuan, a year-on-year increase of 17.6% [5] - Trade with countries involved in the Belt and Road Initiative grew by 28.5%, accounting for 46.9% of the city's total trade [5] Consumer Market Trends - The consumer market in Guangzhou showed improvement, with total retail sales of consumer goods reaching 376.1 billion yuan, a year-on-year increase of 4.0% [7] - Significant growth was observed in categories such as communication equipment and new energy vehicles, with retail sales increasing by 3.6% and 7.3% respectively [7] Positive Signals for Future Growth - The real estate development investment decline has narrowed compared to the first quarter, indicating potential stabilization in the sector [8] - The balance of loans in the financial market increased by 6.4%, with long-term loans for enterprises growing by 11.8%, suggesting a positive outlook for future investments [8]