Pre-market report on A-shares | State Council issued document! Consumer sector welcomes major catalyst AI-driven storage demand skyrocketing! SanDisk (SNDK.US) stock price surges after hours.

Pre-market headlines 1. Accelerate the cultivation of new growth points for service consumption! State Council issues work plan Category: Industry Emotional impact: Positive The General Office of the State Council recently issued the "Work Plan to Accelerate the Cultivation of New Growth Points for Service Consumption," aiming to optimize and expand service supply, promote the improvement of service consumption to benefit the people, and provide strong support for high-quality economic development. In the real estate sector, it encourages local areas to implement policies related to the digestion of existing real estate inventory and supports the construction of land and service facilities for vacation projects; in the tourism sector, it is studying the prudent expansion of unilateral visa waivers, transit visa waivers, and regional visa waivers. 2. AI drives an explosion in storage demand, SanDisk's performance greatly exceeds expectations, stock price jumps nearly 15% after hours Category: Company Emotional impact: Positive AI is driving a surge in storage demand, with SanDisk's second-quarter revenue increasing by 61% year-on-year and net profit increasing by 672%, significantly exceeding Wall Street expectations. The stock price closed up 2.21% and continued to rise by over 15% after hours. The revenue from data center business increased by 64% compared to the first quarter. Analysts believe that as the application of artificial intelligence continues to expand, the demand for data storage is consistently rising, driving the company's strong performance growth. 3. Profit-taking pressures gold and silver with huge fluctuations during trading hours: Silver drops over 8%, gold sees its biggest retracement of $500 Category: Industry Emotional impact: Neutral Last night, spot gold and silver prices rose by 3% and 4% respectively during trading hours, hitting historical highs. Subsequently, due to profit-taking demands from investors, there was a significant sell-off, with the price of gold dropping from around $5530 to $5105.83, marking a maximum intraday decline of 5.7%, while silver saw a maximum intraday decline of 8.5%. Later, geopolitical uncertainties in areas like the US and Iran and inflation expectations supported narrowing declines, with spot gold and silver prices rising by about 1% by the time of publication. 4. US suggests possibility of initiating new round of economic and trade negotiations with China? Ministry of Commerce responds Category: Macro Emotional impact: Positive On January 29, the Ministry of Commerce held a regular press conference. A reporter asked about the US Trade Representative's statement that a new round of economic and trade negotiations may be initiated between China and the US before the possible meeting of the leaders in April. He Yongqian said that China is willing to work together with the US to maintain and implement the important consensus of the two countries' leaders and make good use of the China-US economic and trade negotiation mechanism to manage differences, promote cooperation, and advance the stability, health, and sustainable development of China-US economic and trade relations. Investment Calendar Announcement of the operation of the transportation and transportation industry Investment tips Investment tips: According to the training of Richie and Bill, when the market undergoes a short-term downturn, the correct approach is clearly to hold and wait, allowing profits to decline. "The Turtle Trading Rules" by Curtis Faith Institutional Views 1. EB Securities: The market is expected to restart the upward trend relying on core sectors, continuing the structural bull market trend. 2. Guosen: The market theme will focus on earnings, with significant increases in the performance of companies in industries such as computing power communication, lithium batteries, and energy storage. 3. Orient: The stock index may continue to maintain a volatile pattern, with active funds choosing directions based on earnings elasticity or policy support. Positive and negative prospects 1. Insiders: ByteDance and Alibaba will launch a new artificial intelligence model in mid-February. Type: Market discussion Sinolink: By 2026, the big models of AI have surpassed the technical base category, becoming a dominant flow entrance in the era of AI. Its powerful semantic understanding, data analysis, and multimodal generation capabilities are reaping commercial dividends in multiple high-frequency scenarios like marketing. 2. China will layout more 'space +' future industries such as space tourism and space resource development. Type: Institutional hot review Soochow: By 2026, commercial space flight will experience multiple resonances of technical closure, order release, and capital premium. China's commercial space flight is entering a 'speeding up' strategic express lane, confirming its uniqueness as a nationally strategic emerging industry. 3. The Ministry of Culture and Tourism issues over 3.6 billion RMB in consumer vouchers! National Spring Festival Cultural and Tourism Consumption Month starts in 2026. Type: Market discussion Huatai: Intensive consumption policies are expected to drive a shift from 'restorative growth' to 'endogenous expansion' in consumption. Bullish on large consumption sectors with opportunities for emotional consumption, rising domestic brands, and the silver-haired economy becoming structural investment themes. Announcement Express Slightly positive announcements 1. Zhejiang Century Huatong Group: Expects a net profit of 5.55 billion to 6.98 billion RMB in 2025, a year-on-year increase of 357% to 475%. 2. Shenghe Resources Holding: Expects a net profit of 790 million to 910 million RMB in 2025, an increase of 281.28% to 339.20% year-on-year. 3. Shengyi Electronics: Expects a net profit of 1.431 billion to 1.513 billion RMB in 2025, an increase of 331.03% to 355.88% year-on-year. Slightly negative announcements 1. Heilongjiang Interchina Water Treatment: Expects a net loss of 104 million to 130 million RMB in 2025, may face the risk warning of delisting. 2. Tus Environmental Science and Technology Development: Expects a year-end net asset value to be negative in 2025, may face the risk warning of delisting. 3. Sichuan Gold: Shareholder Beijing Jinyang reduced holdings by 1.1124 million shares from January 27th to January 28th. Overseas Market Self-selection's reminder: Concerns over Microsoft's AI spending led to a 10% drop in stock price, dragging down the Nasdaq, with mixed movements in the three major US indices; large technology stocks saw mixed changes, with Meta rising by over 10%, storage concept stocks overall rising, and popular Chinese concept stocks seeing mixed changes. This article was reposted from Tencent's Self-Stock Selection. GMTEight Editor: Li Fo.