GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Lilly (LLY.US) falls more than 4%, Shodis Biotech (GPCR.US) releases positive data on experimental weight-loss drug.

As of the time of submission, the stock has fallen more than 4%, trading at $948.76.

US Stock Market Move | Solaris Energy Infrastructure (SEI.US) surged more than 16%, acquiring Genco Power to increase its natural gas power generation business.

On Tuesday, Solaris Energy Infrastructure (SEI.US) surged more than 16% to $66.44.

SMOORE INTL (06969) announced its performance for the year 2025, achieving a net profit of approximately 1.062 billion yuan, a year-on-year decrease of about 18.5%.

Simaoer International (06969) announces its performance in 2025, with revenue of approximately RMB 14.256 billion, an increase of about 20.8% year-on-year. Gross profit is about RMB 4.857 billion, an increase of about 10.1% year-on-year. Net profit for the year is about RMB 1.062 billion, a decrease of about 18.5% year-on-year. Basic earnings per share is 17.44 cents, and a final dividend of 20 Hong Kong cents per ordinary share is proposed.

Net income of GDS-SW (09698) in 2025 increased by 10.8% year-on-year to 11.4323 billion yuan.

-SW (09698) announced its performance in 2025, with net income increasing by 10.8% year-on-year to 11.4323 billion yuan, net profit of 959.4 million yuan, and adjusted EBITDA growing by 10.8% year-on-year to 5.4035 billion yuan.

U.S. Redbook retail sales annual rate increased to 6.4% for the week ending on March 13, up from the previous value of 6.2%.

ZYLOXTB (02190) releases annual performance with a net profit of 244 million yuan, representing a year-on-year increase of 143.75%.

Guichuangtongqiao (02190) released its annual performance for the year ending December 31, 2025. The group achieved revenue of 1.057 billion yuan, a year-on-year increase of 35.15%; gross profit of 763 million yuan, a year-on-year increase of 36.26%; net profit of 244 million yuan, a year-on-year increase of 143.75%; basic earnings per share of 0.7646 yuan. It is proposed to distribute a final dividend of 0.22 yuan per share.

KINGDEE INT'L (00268) achieved a turnaround from losses to profits in 2025, with significant results in subscription transformation. The acceleration of AI transformation and speeding up of global expansion.

Kingdee International (00268) announced its performance for 2025, with revenue of approximately 7.006 billion yuan, a year-on-year increase of about 12.0%. The profit attributable to equity holders of the company is estimated to be about 92.914 million yuan, turning from a loss to a profit year-on-year; basic earnings per share is about 2.64 cents. The net cash flow generated from operating activities is approximately 1.097 billion yuan.

Chongqing Afari Technology (601777.SH) has released a new generation of intelligent driving technology, in collaboration with the super intelligent body, focusing on the integration of cabin and driving.

At the NVIDIA GTC 2026 conference held today, the Geely Group announced a key breakthrough in the "cockpit integration" field, and the "Super Eva+G-ASD 4.0" jointly created with Qianli Technology (601777.SH) and Jieyue Xingchen is about to be launched and put into mass production.

WEIMOB INC (02013) released its performance for the year 2025, with a total revenue of 15.92 billion RMB, an increase of 18.9% year-on-year. The high-quality growth is driven by AI strategy.

Weimeng Group (02013) released its annual performance as of December 31, 2025. The total revenue of the group was 1.592 billion yuan, an increase of 18.9% compared to the previous year. Gross profit increased by 100.4% from 596 million yuan in 2024 to 1.195 billion yuan in 2025, with a gross profit margin rising from 44.5% to 75.1%. The quality of income continued to improve. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was 155 million yuan, and adjusted net profit was 42 million yuan. As of December 31, 2025, the group had cash and bank deposits of approximately 2.099 billion yuan, with a healthy cash and financial position.

TME-SW(01698) released its annual performance, with a net profit attributable to shareholders of 11.06 billion yuan, a year-on-year increase of 66.4%.

Tencent Music Entertainment Group (01698) released its fourth quarter financial results for the three months ending December 31, 2025. The group achieved a total revenue of 8.64 billion yuan (unit same below), an increase of 15.9% year-on-year; online music service revenue was 7.1 billion yuan, a year-on-year increase of 21.7%; net profit attributable to equity holders of the company was 2.2 billion yuan, a year-on-year increase of 12.6%; diluted earnings per American Depositary Share were 1.41 yuan.

HKELECTRIC-SS(02638) released its 2025 annual performance, with a net profit attributable to shareholders of HK$3.149 billion, representing a year-on-year growth of 1.2%.

Hong Kong Electric Holdings Limited (02638) announced its full-year results for 2025, with revenue of HK$12.125 billion, an increase of 0.6% year-on-year. The attributable surplus to shareholders of the Company amounted to HK$3.149 billion, an increase of 1.2% year-on-year, with earnings per share of HK$0.3564.

Hong Kong Airlines has once again significantly raised its fuel surcharge for international routes, with China Eastern Airlines and China Southern Airlines following suit.

In response to the rising fuel prices, Hong Kong Airlines raised its fuel surcharge on March 12, and today announced another increase in fuel surcharge effective on the 18th: the fuel surcharge for flights from Hong Kong to Mainland China will remain at 190 Hong Kong dollars; for short-haul flights from Hong Kong to Asia, the fuel surcharge will increase from 212 Hong Kong dollars to 290 Hong Kong dollars; for long-haul flights to Europe, America, Africa, and the Middle East, the fuel surcharge will increase from 739 Hong Kong dollars to 1164 Hong Kong dollars. Currently, China Eastern Airlines and China Southern Airlines have also notified some agents that there will be adjustments to the fuel surcharge for international flights, so arrangements for ticket issuance should be made as soon as possible.

CHINA LIT (00772) announces annual performance with revenue of approximately 7.366 billion RMB, and the Gross Merchandise Value (GMV) of derivatives successfully surpassing 1.1 billion RMB.

China Reading Limited (00772) announced its financial results for the year ended December 31, 2025. The company reported revenue of approximately 7.366 billion RMB, gross profit of approximately 3.397 billion RMB, a net loss attributable to equity holders of approximately 776 million RMB, a net profit attributable to equity holders under non-IFRS of approximately 8.58 billion RMB, and a basic loss per share of 0.76 RMB.

Hong Kong stocks close: Hang Seng Index rose 0.134%, Hang Seng Technology Index fell 0.081%

CR Vanguard Lifestyle rose by 4.630%, Geely Automobile rose by 4.550%, Longfor Group rose by 4.444%, Li Ning rose by 3.579%, Hangzhou Hongqiao fell by 3.254%, Ningde Times fell by 3.284%, and Huahong Semiconductor fell by 3.333%.

Samsung's three folding screen smartphones were only on the market for three months before being discontinued due to their high price and complex production process becoming a "roadblock".

Three months after the Galaxy Z TriFold foldable smartphone was launched, Samsung Electronics is gradually stopping its sales.

Tungsten mining exploration and development company Guardian Metal (GMTL.US) prices its IPO at $16.35 per ADS, aiming to raise $50 million.

Guardian Metal Resources plans to issue 3.1 million American Depositary Shares (ADS) at a price of $16.35 per ADS to raise $50 million.

Hang Seng Technology Index fell after rising more than 2% earlier.

The Hong Kong stock market fluctuated and fell back, with the Hang Seng Technology Index turning down after rising more than 2% previously. The Hang Seng Index narrowed its gains to 0.15%.

Brent crude oil rose 4% during the day and is now trading at $104.23 per barrel.

The ChiNext Index fell by 1.00% to 3323.386 points; the Shanghai Composite Index fell by 0.15% to 4078.779 points; and the Shenzhen Component Index fell by 0.71% to 14205.409 points.

HENGAN INT'L (01044) releases annual performance, with attributable profit to shareholders of 2.535 billion yuan, an increase of 10.3% year-on-year.

Heng An International (01044) released its annual performance for the year ending December 31, 2025. The group achieved a revenue of 23.069 billion yuan, an increase of 1.8% year-on-year. The profit attributable to equity holders of the company was 2.535 billion yuan, an increase of 10.3% year-on-year. The basic earnings per share were 2.227 yuan. It is proposed to distribute a final dividend of 0.7 yuan per share.

"AI Bull Market Narrative" Sparks Another Wave! Huang Renxun throws out a trillion-dollar AI grand plan NVIDIA Corporation (NVDA.US) sets sail for a market value of 6 trillion dollars

For Nvidia's stock price, it may soon hit another all-time high and drive the global AI computing industry chain towards a new upward trajectory. Nvidia's trillion-dollar super AI computing plan will do everything possible to support the "AI bull market narrative" as the main theme in the capital market.

NVIDIA Corporation GTC heavyweights: Hyperion 10 teams up with four car companies including BYD Company Limited, and Physic AI drives Uber Technologies, Inc. (UBER.US) autonomous driving "acceleration run."

At the 2026 NVIDIA GTC Annual Technology Conference, CEO Jensen Huang announced a deep strategic alliance reached with car manufacturers and Uber on autonomous driving systems.

The European index futures continuous main contract dropped 5% intraday, now at 1905.00 points.

BRIGHT SMART (01428) will resume trading from March 17th.

Bright Smart Securities & Commodities Group Limited (01428) has announced that its shares will resume trading on the morning of March 17, 2026 at 9:00 am. Therefore, all structured products related to the company will also resume trading at the same time.

The MSCI Asia Pacific index rose 1% to 241.82 points.

Oil prices "flash crash" caused the US dollar to collapse! The outlook of the Strait of Hormuz is now turning around, with the US dollar index experiencing its largest drop in two months.

Due to market expectations that a key oil transportation route will resume shipping, oil prices have fallen, and the US dollar is facing its worst day in nearly two months.

The three major U.S. stock indexes collectively closed higher.

The three major U.S. indexes rose collectively, with the Dow up 0.83%, the Nasdaq up 1.19%, and the S&P 500 up 1.01%. Large-cap tech stocks were mostly up, with Meta rising over 2%, and Google, Amazon, Nvidia, Apple, Microsoft, Tesla, and AMD all rising over 1%. Broadcom and Oracle closed slightly higher.

Chicago soybean futures fell more than 5.6%, rapeseed fell 5%, coffee C rose by 2.8%, and cotton rose by more than 3.9%.

On Monday, the New York closing, the Bloomberg Commodity Index fell by 3.75% to 31.2497 points, remaining in a downward trend throughout the day. Before the opening of the US stock market, it held steady near the psychological support level of 32 points, but then continued to widen its decline. CBOT corn futures fell by 2.68% to $4.5475 per bushel. CBOT wheat futures fell by 2.78% to $5.97 per bushel. CBOT soybean futures fell by 5.66%, hitting a daily low of $11.5525 per bushel, and have been accelerating since the opening of the US stock market; soybean meal futures fell by 3.10% and soybean oil futures fell by 5.20%.

The U.S. government has requested the judge to reconsider the decision to revoke the subpoena for Powell.

The U.S. Department of Justice has asked a federal judge to reconsider the decision to revoke the subpoena for Federal Reserve Chairman Jerome Powell. The motion was filed on Monday. Federal prosecutors argued to U.S. District Court Judge James Boasberg that the court "applied the wrong legal standards, made factual errors in some respects, and ignored other relevant facts."

Trump urges Powell to convene a special meeting of the Federal Reserve to "immediately" cut interest rates.

American President Trump said that a "great new leader of the Federal Reserve" is about to come and praised his nomination of Kevin Warsh as Fed chairman. Trump also criticized current Fed chairman Jerome Powell, saying the central bank should cut interest rates "immediately." Trump said the Fed should hold a "special meeting" to lower rates.

HAITIAN INT'L (01882) released its performance for the year 2025, with a net profit attributable to shareholders of 3.301 billion yuan, an increase of 7.2% year-on-year.

Haitian International (01882) released its annual performance for the year ending December 31, 2025, with a revenue of 17.733 billion yuan (RMB, the same below), a year-on-year increase of 10%; the company's attributable profit to shareholders was 3.301 billion yuan, a year-on-year increase of 7.2%; basic earnings per share was 2.07 yuan, and it proposes to distribute a second interim dividend of 0.80 Hong Kong dollars per share for the year 2025.

US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 2%, establishing the Alibaba Token Hub business unit.

On Monday, Alibaba (BABA.US) rose over 2%, closing at $138.12.

New Stock News | Fourier Semiconductor successfully passed the hearing of the Hong Kong Stock Exchange, sprinting to become the first stock of "AI audio chips"

Hong Kong Exchange disclosed on March 15th that Shanghai Fourier Semiconductor Co., Ltd. has successfully passed the listing hearing on the Main Board of the Hong Kong Exchange, officially entering the critical stage of the Hong Kong IPO, aiming to become the "first stock of AI audio chips".

SINOPEC SSC (01033) announced that its net profit attributable to shareholders for the year 2025 is approximately 659 million yuan, an increase of 4.3% year-on-year.

Sinopec Yizheng (01033) released its 2025 performance, with operating revenue of approximately 80.712 billion yuan, a decrease of 0.5% year-on-year; net profit attributable to shareholders of the listed company was around 659 million yuan, an increase of 4.3% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was about 451 million yuan, an increase of 237.9% year-on-year; basic earnings per share were 0.035 yuan.

Li Qiang presided over the 11th full meeting of the State Council.

Li Qiang presided over the eleventh plenary meeting of the State Council.

Market news: Alibaba will establish a Token Hub business group to strengthen the strategic coordination of its various artificial intelligence businesses.

LEAPMOTOR (09863) net profit is expected to reach 540 million yuan in 2025, with sales doubling for two consecutive years.

Zero Run Auto (09863) released its performance for 2025, with a revenue of 64.73 billion yuan, a year-on-year increase of 101.3%.

BEKE-W (02423) released its annual performance, with a net income of 94.6 billion yuan, an increase of 1.2% year-on-year.

Beike Group (02423.W) released its financial performance for the fiscal year 2025, with a net income of RMB 94.6 billion, representing an increase of 1.2% year-on-year. Net profit was RMB 2.991 billion, down 26.7% year-on-year, and adjusted net profit was RMB 5.017 billion, down 30.4% year-on-year.

State Administration of Foreign Exchange: Bank settlement of 1.4338 trillion yuan in February, foreign exchange sales of 1.1362 trillion yuan.

According to statistics from the State Administration of Foreign Exchange, in February 2026, banks sold 143.38 billion yuan in foreign exchange and bought 113.62 billion yuan in foreign exchange.

Maotai Chenhua, Guizhou: By 2025, the sales volume of Maotai in the Southeast Asian market will increase by more than 4 times.

On March 16th, at the 2026 International Distributor Gala of Guizhou Maotai, the Secretary of the Party Committee and Chairman of Maotai Group, Chen Hua, stated that in 2025, facing the difficulties and challenges of the domestic and international liquor industry market, Maotai and its distributors have worked together fearlessly, forging ahead and achieving significant results. Faced with a complex international market environment, Maotai Import and Export Company has taken the initiative and made precise efforts, steadily expanding into key markets. The sales volume through duty-free channels has doubled, sales volume in Southeast Asia has increased by over 4 times, and sales of Maotai Zodiac Liquor have increased by 135.5% year-on-year, effectively maintaining the stability of Maotai's international market.

Fun-CineForge is a multimodal large model that supports multi-scene dubbing for film and television, which has been released and open-sourced.

The Tongyi Laboratory has released and open-sourced the first multimodal large model Fun-CineForge that supports multi-scene dubbing at the film level. In addition, it has also made available the construction method for high-quality datasets. Through the integrated design of "data + model", Fun-CineForge is trying to solve the key issues faced by film-level AI dubbing in the long term.

Financial Report Outlook | Can IT consulting giant Accenture Plc Class A (ACN.US) overcome doubts amid the AI disruption that is battering software stocks?

Since February, the pessimistic market expectations of "AI revolutionizing everything" have been impacting various traditional industry sectors like a domino effect, from SaaS, software, PE to insurance, traditional investment banks, wealth management, real estate and property management, and even logistics sectors taking turns in experiencing a downturn.

The trading volume of the two cities of Shanghai and Shenzhen exceeded 2 trillion yuan, an increase of 291 billion yuan compared to the same time the previous day.

Q TECH (01478) announced its annual performance, with a net profit attributable to shareholders of 1.494 billion yuan, representing a year-on-year increase of 435.22%.

Hillstone Technology (01478) announced its annual performance as of December 31, 2025. The group's revenue for the year was 20.877 billion yuan, an increase of 29.26% compared to the previous year. The company's shareholders' attributable net profit was 1.494 billion yuan, an increase of 435.22% year-on-year. Earnings per share were 1.257 yuan. It is proposed to distribute a final dividend of 0.40 Hong Kong cents per share.

CHINA LILANG (01234) has released its annual performance report, showing a net profit of 502 million yuan for the shareholders, an increase of 9% compared to the previous year.

China Lilang (01234) announced its annual performance as of December 31, 2025. The group achieved a revenue of 4.07 billion yuan, an increase of 11.5% year-on-year. Net profit attributable to equity shareholders was 502 million yuan, up 9% year-on-year. Basic earnings per share were 41.96 cents. The company plans to distribute a final dividend of 0.13 Hong Kong dollars per share and a special dividend of 0.03 Hong Kong dollars per share.

HBM demand continues to explode! Micron (MU.US) is building a new chip factory to accelerate production.

Micron plans to build a second large chip factory at the recently acquired semiconductor wafer fab site in Taiwan, China.

Futures early morning closing prices.

Asphalt rose continuously by 9.96%, silver fell continuously by 6.89%, plastic rose continuously by 6.85%, platinum fell continuously by 4.18%, and palladium fell continuously by 3.92%.

BRIGHT SMART (01428) will be temporarily suspended from trading starting from March 16th, pending the release of insider information.

Yao Tse Securities and Finance (01428) announced that trading of its shares on the Stock Exchange of Hong Kong will be temporarily suspended starting from 9:00 am on Monday, March 16, 2026, pending the publication of an announcement regarding insider information of the company in accordance with the Hong Kong Code on Takeovers and Mergers.

Hang Seng Technology Index rose more than 1%, now trading at 5029.450 points; Hang Seng Index is up 0.478% now.

National Bureau of Statistics: The month-on-month decline in the sales prices of residential properties in February continued to narrow.

In February, the sales prices of newly built commercial housing in first-tier cities remained flat compared to the previous month, after dropping by 0.3%. Among them, Beijing and Shanghai both rose by 0.2%, Guangzhou remained flat, and Shenzhen dropped by 0.3%.

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The night session of crude oil futures on the Shanghai Futures Exchange closed up 2.74%, at 764.90 yuan per barrel. Gold futures on the Shanghai Futures Exchange fell by 0.25%, and silver futures fell by 1.85%.

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According to local media reports, the Prime Minister of Peru has resigned.

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Sofi's decline quickly expanded to 5.5%, and Muddy Waters announced they were shorting the stock.

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American Express Company: We now offer virtual card services in the Concur expense management system to simplify the expense management process.

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Market news: Azerbaijan's natural gas exports increased by 5% in January and February.

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