A-share pre-market report | Geopolitical conflict intensifies! Natural gas soars by over 50%, affecting technology and finance! Four departments release important documents

Pre-market headlines 1. Natural gas in Europe soared by over 50%! Qatar Energy Company decides to suspend production of liquefied natural gas Type: Market Sentiment Impact: Neutral With the escalation of conflicts in the Middle East, natural gas prices in Europe have surged significantly, rising over 57% at one point during trading hours. On March 2nd local time, Qatar Energy Company announced that it would suspend production of liquefied natural gas due to drone attacks from Iran on two energy facilities owned by the company that day. Iran has threatened to target any ships attempting to pass through the Strait of Hormuz, while the US Central Command has stated that the strait carries about one-fifth of the global liquefied natural gas exports. 2. Four departments jointly issued! Support major technological breakthroughs and tech-based SMEs Type: Industry Sentiment Impact: Positive On March 2nd, the Ministry of Science and Technology, the China Banking and Insurance Regulatory Commission, and two other departments jointly issued the "Opinions on Accelerating the High-Quality Development of Science and Technology Insurance to Strongly Support High-Level Self-Reliance in Science and Technology." The "Opinions" aim to accelerate the establishment of a science and technology insurance system that is in line with technological innovation, establish an insurance product and service system covering the entire chain and cycle of technological innovation, and increase support for national major science and technology tasks and tech-based SMEs. 3. Commodity futures surge, three major futures exchanges issue risk warnings Type: Market Sentiment Impact: Neutral Amid geopolitical disturbances, the domestic commodity futures market has seen a surge in limit-up prices. By the end of the day on March 2nd, the freight index (Europe line) futures led the market with a 15% limit-up, while energy products also experienced limit-up prices such as fuel, low-sulfur fuel oil, crude oil, methanol, liquefied petroleum gas, etc. Additionally, silver and gold futures and other varieties have also strengthened. After the market closed, the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, and Shanghai Energy Exchange successively issued warnings about market risks. 4. "Shi Wu Wu" kicks off development, focusing on five key points at the upcoming national two sessions Type: Macro Sentiment Impact: Positive The 2026 national two sessions are about to begin. This year marks the beginning of the "Shi Wu Wu" plan, with the market focusing on five key points at the national two sessions. The first point is how to set economic and social development goals, especially GDP, employment, and other targets; the second is how to be more proactive with macro policies; income growth is a key word for promoting consumption this year, with expanding domestic demand a specific focus; the fourth point is to focus on developing new productive forces and promoting technological innovation; and finally, the push for reform in key areas will be a hot topic. Investment Calendar Press conference of the Fourth Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference Investment Tips Investment tip: If you want to persuade others, appeal to their interests, not their reasoning. -Charlie Munger, "Poor Charlie's Almanack" Institutional Views 1. Zhongtai: Focusing on the trend of A-shares is more important than trading opportunities related to geopolitical conflicts. 2. Industrial: Market risk appetite will recover and repair after short-term shocks, returning to a state of "self-oriented". 3. Orient: Narrative promotion and price increases are still driving factors in the market, with many structural opportunities. Positive and Negative Outlooks 1. NVIDIA invests $4 billion in optical communication for the AI boom, industry sentiment continues to rise Type: Market discussion CITIC SEC: The explosive demand for AI computing power is driving the upgrading of the optical communication industry, and overseas cloud companies are continuing to expand their capital expenditures, confirming the strong demand for AI infrastructure and bringing robust demand for high-speed optical modules. 2. Apple launches iPhone 17e, will also release the first MacBook with an iPhone-grade chip Type: Market discussion Galaxy Securities: The global consumer electronics market is advancing in the "structural differentiation" of traditional category growth slowdown and the rise of new forces represented by AI, with new form devices accelerating deployment and competition shifting towards the core of experience-building ecosystem. 3. Industry supply shrinkage coupled with increased concentration, price hike wave in waterproof materials and other sectors Type: Institutional review Guotai Haitong: After experiencing credit risks in accounts receivable and a relatively rapid decline in volume and price, waterproofing has become the most intense sub-industry in consumer building materials in recent years, and increased concentration may lead to price increases, with attempts at price recovery in 2026 likely to continue. Announcement Update Positive Announcements 1. Zhongjuxin: Shareholders holding more than 5% of the company's shares plan to increase their holdings by an amount not less than 50 million yuan and not exceeding 100 million yuan. 2. Chongqing Changan Automobile: Plans to repurchase company's A-share shares for 700 million to 1.4 billion yuan. 3. Henan Tong-Da Cable: Pre-winning bid for a 151 million yuan project from the Southern Power Grid. Negative Announcements 1. Gansu Yasheng Industrial, which has had two consecutive trading limit-ups, is currently not engaged in mineral-related business. 2. Sichuan Xinjinlu Group, which has had two consecutive trading limit-ups, has not yet achieved mass production of high-purity quartz sand for its industrial project, and has not entered the chip sector through acquisitions. 3. Dawning Information Industry: Director Li Jun and executives Ren Jingyang and Weng Qinan plan to collectively reduce their holdings by no more than 6.874 million shares of the company. Overseas Markets Market continues to monitor the situation in Iran, with the three major US stock indexes showing mixed movements. On the market front, most large tech stocks have risen, with NVIDIA up by about 3% and Microsoft up by over 1%; Chinese concept stocks index fell by over 1%. This article is a reprint from "Tencent Choose Stocks", GMTEight Editor: Chen Xiaoyi.