GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | SpaceX (SPCX.US) rose by more than 5% as Musk claimed that AI will account for 99% of SpaceX's value in five years.

On Wednesday, SpaceX (SPCX.US) rose over 5% in the morning, accumulating a nearly 30% increase from its listing low, now reported at $140.13.

A-shares Evening Highlights | Central Bank Makes Major Announcement! Related to Monetary Policy, Exchange Rates, etc.

On August 12, the People's Bank of China released the 2026 second quarter report on the implementation of China's monetary policy, analyzing internal and external situations, clarifying the main ideas for the next phase of monetary policy, and discussing hot topics such as the monetary policy adjustments of major overseas economies and interest rate control mechanisms.

TIAN CHANG GP (02182) has signed a construction agreement with Guangdong Zhongfu for the establishment of a new production facility for advanced materials and semi-solid magnesium alloy injection molding.

Tianchang Group (02182) announced that on August 12, 2026, Tianhao (the company's indirect wholly-owned subsidiary) entered into a construction agreement with Guangdong Zhongfu (acting as the general contractor), regarding the construction of a new production facility for advanced materials and magnesium thixomolding on the designated plot. This includes factories, employee dormitories, warehouses, and ancillary facilities, with a total cost of RMB 149.3 million. The plot refers to JD134-13-02 in the Xinxin Luotang area of Huicheng District, Huizhou City, Guangdong Province, China.

US Stock Market Move | It was revealed that NVIDIA Corporation (NVDA.US) is developing a leading global open-source model, with its stock rising nearly 3% during the day.

On Wednesday, NVIDIA (NVDA.US) rose nearly 3% during intraday trading, reaching $223.73, the highest level in two months, with a total market capitalization of $5.44 trillion.

JP Morgan's chief strategist: The Federal Reserve should continue to hold steady as inflation will gradually decline; interest rate hikes may trigger asset repricing.

David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, stated that the Federal Reserve currently has no need to raise interest rates further and should maintain rates at their current level.

TIAN CHANG GP (02182): Has positioned "integrated advanced manufacturing platform" as its long-term development strategy.

Tianchang Group (02182) announced that as the group continues to expand its capabilities in advanced materials, precision manufacturing, and new product applications, the company's board intends to further elaborate on the group's positioning of "an integrated advanced manufacturing platform" as its long-term development strategy and direction.

HANKING GOLD (03788): Construction of the Mt Bundy gold project's processing plant has commenced.

Hankang Gold (03788) announced that following the awarding of the EPC and EPCM contracts for the 5.5 million tons/year processing facility construction of the Mt Bundy gold mine project to two experienced Australian contractors, Delonix Solutions Projects Pty Ltd and CPC Engineering Pty Ltd, the company held the groundbreaking ceremony for the processing facility on August 12, 2026, marking the official entry of the project into the full construction phase.

JIA YAO HLDGS (01626) plans to issue 20.5 million consideration shares at a discount of approximately 17.90% to acquire 80% of Ninety Investment Holding Limited.

Jia Yao Holdings (01626) announced that on August 12, 2026, the company (as the buyer), seller Ninety Kilometers Holding Limited, and the guarantor entered into a sales and purchase agreement, under which the company has conditionally agreed to acquire, and the seller has conditionally agreed to sell, the shares for sale, which account for 80% of the total issued shares of the target company Ninety Investment Holding Limited, for a maximum price of HK$430.5 million, to be paid by the company through the issuance and allotment of consideration shares at HK$21.00 per share to the seller, credited as fully paid, in accordance with the general mandate.

US Stock Market Move | Q2 capital expenditures reached a record high, and free cash flow turned negative. TENCENT ADR (TCEHY.US) dropped nearly 4% in early trading.

On Wednesday, Tencent Holdings ADR (TCEHY.US) fell nearly 4% in initial trading, currently reported at $57.33.

MICROPORT (00853) issues a profit warning, expecting to incur a net loss for the interim period.

Minimally Invasive Medical (00853) announced that the performance results for the six months ending June 30, 2026, are expected as follows: the Group's continuing operations revenue is anticipated to achieve a year-on-year growth of approximately 12% to 14%, with the overseas business continuing to contribute around 140% strong growth; the profitability of the Group's operations is steadily improving, with the gross margin of continuing operations increasing by about 3 to 4 percentage points year-on-year, while continuously promoting refined operations and cost control.

CH BIOTECH SER (08037) announces a positive profit forecast, expecting a net profit of no less than HKD 15 million for the first half of the year.

China National Biotechnology Services (08037) announced that the group expects to achieve a net profit of no less than HKD 15 million for the six months ending June 30, 2026. In contrast, for the six months ending June 30, 2025, the group reported a net loss of approximately HKD 37 million.

US Stock Market Move | The semiconductor sector opened with widespread gains, with SK Hynix (SKHY.US) rising over 7%.

On Wednesday, the storage sector opened with a broad increase.

"Big short" is losing its temper? Berli angrily criticized Nvidia's $500 billion financing as "financial engineering of 2008," yet the market supports the demand for AI computing power with real money.

Is the $500 billion a financial trick or financing for an AI industrial revolution? With the credit spread narrowing and Neocloud soaring, funds are temporarily choosing to trust Jensen Huang.

US Stock Market Move | The stocks of optical communication concept companies have surged, with Ciena (CIEN.US) rising over 9%.

Optical communication concept stocks rise broadly.

US Stock Market Move | The revenue outlook for the first financial quarter exceeds expectations. Super Micro Computer, Inc. (SMCI.US) opened sharply up over 16%.

On Wednesday, Super Micro Computer (SMCI.US) opened with a surge of over 16%, currently reported at $36.75.

XIMEI RESOURCES (09936) issues a positive profit alert, expecting that the mid-term profit attributable to shareholders will increase year-on-year to approximately RMB 164 million to RMB 200 million.

Ximei Resources (09936) announced that the Group anticipates a significant increase in the attributable profit for shareholders for the financial year ending June 30, 2026, expected to be between approximately RMB 164 million and RMB 200 million, compared to the unaudited attributable profit for shareholders of around RMB 91.8 million for the six months ended June 30, 2025. This expected increase in profit is primarily attributable to the growth in market demand for metal products, which has driven a significant rise in production and sales volume, while also improving gross profit margins.

US Stock Market Move | Cloud computing service providers collectively surged, with CoreWeave (CRWV.US) rising over 22% and NEBIUS (NBIS.US) climbing over 16%.

On Wednesday, cloud computing service providers collectively surged.

CHINA ALUMCAN (06898) issues profit alert, expecting a more than 30% year-on-year increase in mid-term net profit attributable to shareholders.

China Aluminum Cans (06898) announced that it expects the profit attributable to the company's equity holders for the six months ending on June 30, 2026, to increase by more than 30% compared to the same period in 2025. This is mainly due to strong demand for new product orders and an expansion in sales scale, which contributed to a steady growth in operating revenue compared to the same period last year, thereby having a positive impact on profit.

Are excessive profits becoming "poison"? The U.S. stock market has revealed a paradox of growth, and Wall Street warns that peak valuations could bite back at any moment.

For the U.S. stock market, the latest hidden storm stems from a rather unexpected reason: the earnings growth is simply too strong.

Contemporary Amperex Technology (03750) plans to invest 2.475 billion yuan to participate in the Hainan Times Green Industry Investment Fund to expand its layout in the carbon neutrality ecological field.

Ningde Times (03750) announced that on August 12, 2026, Contemporary Amperex Technology Co., Limited (hereinafter referred to as the Company or Ningde Times) signed the Partnership Agreement of Hainan Times Green Industry Investment Fund Partnership (Limited Partnership) (hereinafter referred to as the Partnership Agreement) with Xiamen Puquan Private Equity Fund Management Partnership (Limited Partnership) (hereinafter referred to as "Xiamen Puquan") and Hainan Free Trade Port Construction Investment Fund Co., Ltd. (hereinafter referred to as Hainan Free Trade Port Fund).

In July, the core inflation in the United States reached a five-year low, alleviating concerns about interest rate hikes by the Federal Reserve. However, the escalation of oil prices and shrinking wages are brewing the next storm.

In July, the overall performance of the Consumer Price Index (CPI) in the United States was moderate, with the core inflation rate falling to a more than five-year low, which somewhat alleviated the urgency for the Federal Reserve to raise interest rates at the September meeting. However, it is worth noting that the wage data released during the same period indicated that workers' real purchasing power continued to decline. Coupled with the ongoing geopolitical conflicts in the Middle East that have repeatedly driven up energy prices, the inflation outlook in the United States remains uncertain.

US stock market opens: Three major indices rise together

The Dow Jones rose by 0.27%, the S&P 500 increased by 0.45%, and the Nasdaq climbed by 0.88%. Lumentum Holdings Inc. Common Stock (When Issued) rose by 10.67%, Advanced Micro Devices rose by 8.66%, Coherent Corp increased by 7.45%, Ciena Technologies rose by 6.96%, and SanDisk rose by 6.31%. Regarding the "Seven Sisters": Nvidia rose by 1.79%, Meta Platforms increased by 0.70%, Google rose by 0.47%, Tesla rose by 0.26%, Amazon rose by 0.19%, Apple fell by 0.12%, and Microsoft decreased by 0.82%.

Singing a different tune! Goldman Sachs strategist: The Federal Reserve may remain on hold for the rest of the year, dismissing market expectations for interest rate hikes.

Goldman Sachs believes the Federal Reserve will remain on hold throughout 2026.

LIFETECH SCI (01302) issues a profit warning, expecting a loss attributable to shareholders of 30 million to 40 million yuan for the first half of the year.

Xianjian Technology (01302) announced that, excluding several non-recurring items as described below, the group expects to achieve a profit attributable to shareholders ranging from RMB 110 million to RMB 120 million for the six months ending June 30, 2026, compared to approximately RMB 238.5 million for the same period in 2025. This decrease is primarily due to a decline in revenue and a significant reduction in net foreign exchange gains. These non-recurring items include share-based payment expenses, other gains and losses from financial assets measured at fair value through profit or loss, and expected transaction expenses related to the acquisition of equity in Beijing Huayi Shengjie Technology Co., Ltd. and the issuance of convertible bonds, which the board has resolved not to proceed with.

CH INNOVATION (01217) has a net asset value per share of approximately HKD 0.044 at the end of July.

China Innovation Investment (01217) announced that as of July 31, 2026, the unaudited net asset value per share of the company is approximately HKD 0.044.

AKESO (09926): The application for the third indication of Yidafang (Ivosidenib, PD-1/VEGF) has been approved by the National Medical Products Administration for first-line treatment of SQ-NSCLC.

Kangfang Biotech (09926) announced that its self-developed, globally innovative bispecific antibody, Yivofisi (PD-1/VEGF), in combination with chemotherapy, has received approval from the National Medical Products Administration (NMPA) for a new drug application (sNDA) for first-line treatment of advanced squamous non-small cell lung cancer (sqNSCLC). This marks the third indication for Yivofisi to be approved for market launch.

Domestic futures night session opens.

Polycrystalline silicon has increased for four consecutive days by 4.26%, lithium carbonate has risen by 2.97% for four consecutive days, the shipping index for European contracts has risen by 2.75% for four consecutive days, silver has increased by 2.34% for four consecutive days, and urea has fallen by 1.29%.

IMPRESSION DHP (02695) issued a profit warning, expecting a mid-term net profit attributable to the parent company of approximately 2.5 million yuan, a year-on-year decline of about 75.1%.

Yinxiang Dahongpao (02695) announced that it is expected that the Group will achieve total revenue of approximately RMB 47.1 million for the six months ending June 30, 2026, which represents a decrease of approximately 15.9% compared to the total revenue for the six months ending June 30, 2025; and a net profit attributable to shareholders of approximately RMB 2.5 million for the reporting period, representing a decrease of approximately 75.1% compared to the net profit for the six months ending June 30, 2025.

Hong Kong Property: In the first seven months of this year, there were 12,348 registrations of second-hand residential properties in Hong Kong priced between HK$5 million and HK$10 million, a year-on-year increase of nearly 50%.

In the first seven months of this year, over 5 million to 10 million HKD second-hand residential properties recorded 12,348 registrations, an increase of about 48.4% compared to 8,319 registrations during the same period last year, outperforming the overall market and reaching a four-year high for the same period.

AI HEALTH TECH (01715) issues a profit warning, expecting a net loss of approximately 19.5 million yuan after tax for the first half of the year.

Wisdom Health Technology (01715) announced that the Group expects to incur a net loss after tax of approximately RMB 19.5 million for the six months ending June 30, 2026, compared to a net loss after tax of approximately RMB 11.5 million for the same period in 2025.

Computing power is gold! A single contract breaks through $1 billion, and the AI newcomer Nebius (NBIS.US) sees its cloud business revenue soar by 500%, skyrocketing in pre-market trading.

Nebius (NBIS.US) reported second-quarter revenue exceeding $582 million, a year-on-year increase of 454%, surpassing analysts' expectations of $557 million; the loss per share was $0.68, exceeding the expected $0.18.

NASDAQ 100 futures rose 1%; S&P 500 futures rose 0.5%.

Traders believe there is a 45% chance that the Federal Reserve will raise interest rates in September.

The annual CPI for July in the U.S. recorded 3.4%, the smallest increase since March, in line with market expectations.

POWERWIN TECH (02405) expects a mid-term loss attributable to equity shareholders of approximately $1.4 million to $1.6 million.

Liman Technology (02405) announced that, based on a preliminary assessment of the unaudited consolidated management accounts for the six months ending June 30, 2026 (the "Current Period") and the information currently available to the Board, the Group expects revenue for the Current Period to be approximately $700,000 to $800,000, compared to revenue of $3.3 million for the six months ending June 30, 2025; and the loss attributable to equity shareholders of the Company is expected to be approximately $1.4 million to $1.6 million, compared to a loss of approximately $3.8 million attributable to equity shareholders of the Company for the six months ending June 30, 2025.

The year-on-year core CPI for the U.S. in July was 2.5%, as expected 2.50%, and the previous value was 2.60%.

ZERO2IPO (01945) released its interim results, with shareholder profit amounting to 15.103 million yuan, achieving a turnaround from loss to profit year-on-year.

Qingke Holdings (01945) announced its mid-year results for 2026, reporting revenue of 71.029 million yuan, an increase of 27.24% year-on-year; the profit attributable to shareholders was 15.103 million yuan, compared to a loss of 15.312 million yuan in the same period last year; earnings per share were 0.05 yuan.

BLOKS (00325) released its mid-year performance for 2026, with a net profit of 387 million yuan, representing a year-on-year increase of 30.5%.

Brunswick (00325) reported its results for the six months ending June 30, 2026, with revenue of 1.776 billion yuan, a year-on-year increase of 32.7%; net profit of 387 million yuan, a year-on-year increase of 30.5%; basic earnings per share of 1.56 yuan, and a proposed interim dividend of 0.3247 Hong Kong dollars per share.

LOCO HK (08162) announced its interim results, reporting a net profit of HKD 22.088 million, an increase of 27.1% year-on-year.

Hong Kong Silver Holdings (08162) announced its interim results for the six months ended June 30, 2026, with a group revenue of HKD 10.275 billion, an increase of 0.92% year-on-year; net profit of HKD 22.088 million, up 27.1% year-on-year; and earnings per share of HKD 0.0222.

BLOKS (00325) will distribute an interim dividend of HK$0.3247 per share on September 24.

Bruker Corporation (00325) announced that it will distribute a mid-term dividend of HK$0.3247 per share for the six months ending June 30, 2026, on September 24, 2026.

CSPC PHARMA (01093) has received a $30 million upfront payment under the collaboration, option, and licensing agreement with AstraZeneca for the development of siRNA drugs.

Stone Pharmaceuticals Group (01093) announced that the group has entered into a strategic R&D collaboration agreement with AstraZeneca in July 2026 to utilize the group's proprietary siRNA drug discovery platform and extr hepatic targeted delivery platform to develop novel small nucleic acid drug candidates. The board is pleased to announce that, in accordance with the terms of the agreement, the group received a $30 million upfront payment from AstraZeneca on August 12, 2026. The receipt of this upfront payment marks the smooth progression of the collaboration between the two parties, which is beneficial for the group's overall strategic layout and accelerates the development of the small nucleic acid pipeline.

DATANG RENEW (01798) issued a profit warning, expecting a mid-term net profit attributable to shareholders of approximately 675 million to 705 million yuan, a year-on-year decrease of about 58% to 60%.

Datang New Energy (01798) announced that the group expects to report a net profit attributable to the parent company owners for the six months ending June 30, 2026, to be approximately RMB 675 million to RMB 705 million, a decrease of about 58% to 60% compared to the same period in 2025.

UBS: The de-leveraging process of AI is nearing the end, and Chinese tech stocks may welcome a new opportunity for reallocation.

Within the AI technology hardware sector, the bank's preference remains focused on semiconductor equipment, network chips, and advanced packaging, which are the lower cyclical components of the AI theme.

Preview of US Stock Market | All three major stock index futures rose. The U.S. CPI for July will be released tonight. Nebius (NBIS.US) surged after its earnings report.

On August 12 (Wednesday), U.S. stock index futures rose across the board before the market opened.

WERIDE-W (00800) released its second quarter results, with total revenue of 232 million yuan, a year-on-year increase of 82.2%.

Wuyuan Zhixing-W (00800) announced that in the second quarter of 2026, the group achieved a total revenue of 232 million yuan, a year-on-year increase of 82.2% and a quarter-on-quarter increase of 103.1%; in the first half of 2026, the total revenue reached 346 million yuan, a year-on-year increase of 73.3%. In the second quarter of 2026, overseas revenue grew by 164.4% year-on-year and by 169.3% quarter-on-quarter; in the first half of 2026, overseas revenue increased by 154.4% year-on-year.

A-share announcement selection | The most expensive new stock, Jingzhun Laser (688826.SH), received 10,800 shares of abandonment.

Petzoo Laser: The IPO issuance price on the Sci-Tech Innovation Board is 186.88 yuan per share, with online investors abandoning subscription for 10,800 shares.

End the era of "zero yield"! Japanese bond yields soar, nearing US Treasuries, as asset management giants rush into Japan's government bond new blue ocean.

After years of paying investors almost zero returns, Japanese government bonds have suddenly regained their holding value.

K W NELSON GP (08411) will distribute a mid-term dividend of HKD 0.003 per share on October 9.

K W NELSON GP(08411) announced that it will distribute an interim dividend of HK$0.003 per share for the six months ended June 30, 2026, on October 9, 2026.

V.S. INT'L (01002) issues a profit warning, expecting a mid-term profit attributable to shareholders of between 2 million and 3 million US dollars.

Weicheng International (01002) announced that the Group expects to record a profit of USD 3 million to USD 4 million for the six months ending June 30, 2026 (the Current Period), compared to RMB 6.6 million (approximately USD 900,000) for the same period in 2025. Specifically, the Group anticipates that the attributable profit to owners of the Company for the Current Period will be USD 2 million to USD 3 million, whereas for the same period in 2025 it was approximately RMB 600,000 (approximately USD 100,000).

K W NELSON GP (08411) announced its interim results, with a profit attributable to shareholders of HK$2.443 million, reversing the loss from the same period last year.

K W NELSON GP(08411) announced its interim results for the six months ending June 30, 2026, with a revenue of HKD 20.477 million, representing a year-on-year increase of 66.97%; profit attributable to the shareholders of the company was HKD 2.443 million, marking a return to profitability year-on-year; earnings per share were HKD 0.26; and an interim dividend of HKD 0.03 per share was declared.

Latest

12 m ago

Colombian National Federation of Coffee Growers: Coffee exports from Colombian Caribbean ports continue to operate normally and have not been affected by interruptions. Due to infrastructure inspections and blocked access, coffee exports from the Port of Buenaventura in Colombia have been temporarily suspended.

13 m ago

Apple (AAPL.O) has appointed a senior executive from American Airlines as the head of government affairs.

20 m ago

European Bond Market: German bonds and UK bonds held steady, with the long end performing slightly worse.

22 m ago

U.S. International Trade Commission: Wan Sheng accuses Samsung of infringing on patents related to mobile devices.

23 m ago

The U.S. International Trade Commission has initiated a Section 337 investigation against Samsung devices.

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