A-share Pre-Market Report | 3.8 trillion invested over 5 years! Computing power welcomes policy benefits as Huawei releases high-performance chips after six years.

Pre-Market News 1. 3.8 trillion investment over five years! Ministry of Industry and Information Technology: Gradually deploying intelligent computing clusters with 10,000 cards, 100,000 cards, and above Type: Industry Sentiment Impact: Positive On September 7, the Ministry of Industry and Information Technology issued the "14th Five-Year Plan for the Development of the Information and Communication Industry." It mentioned the establishment of a multi-level computing power infrastructure system of "hub-region-edge" and the orderly deployment of intelligent computing clusters with 10,000 cards, 100,000 cards, and above, with a cumulative investment of 3.8 trillion yuan in information infrastructure over five years. By 2030, the target scale for intelligent computing power is set at 9,800 EFLOPS (10 quintillion floating-point operations per second), with a compound annual growth rate of approximately 43.9%. This figure is significantly higher than IDC's previous forecast of an average annual growth rate of +38.9%. 2. Huawei releases high-performance chip for the first time in six years, marking the world's first implementation of "Tao's Law" chip Type: Company Sentiment Impact: Positive On September 7, Huawei launched the Mate XT 2, a foldable phone equipped with the latest Kirin 9050 Pro chip. This is the world's first flagship chip that implements "Tao's Law" and employs logic folding technology, achieving a leap in chip performance. The Kirin 9050 Pro has a shorter signal transmission path, lower latency, and better performance. This marks Huawei's first introduction of a new Kirin chip in a flagship release in six years, following the Mate40 launch. 3. US-Iran conflict pushes oil prices to a six-week high; London copper hits an all-time high, tightening future supply-demand dynamics Type: Market Sentiment Impact: Neutral US stock markets were closed for a day, but the gunfire in the Middle East did not cease. Brent crude futures settled up 1.1%, reaching a six-week high, while WTI crude rose by 1.3%. Data shows that London copper prices broke through $14,530 per ton during trading, marking an all-time high, with a cumulative increase of 17% this year. The market bets that Trump will expand tariffs to refined copper imports, coupled with supply disruptions from Chile and continued stockpiling in the US, further escalates tensions in the copper market. 4. China's central bank raises gold reserves for the 22nd consecutive month Type: Industry Sentiment Impact: Positive On September 7, central bank data revealed that as of the end of August 2026, China National Gold Group's gold jewelry reserves rose to 76.73 million ounces, an increase of 650,000 ounces from the end of July, marking the 22nd consecutive month of increasing holdings. Notably, the increase in July alone was 640,000 ounces, higher than June's increase of 480,000 ounces, while the August increase continued at 650,000 ounces, maintaining a high gold purchase trend. After several months of adjustment, top global investment banks and asset management firms are returning to the gold market with remarkable consistency. Investment Calendar The General Administration of Customs will release August foreign trade data. Investment Tip You should exercise restraint, with the scale of short-term stock trading funds not exceeding 5% of your total assets or net value of your investment portfolio. "Money: 7 Steps to Create Lifetime Income" by Tony Robbins Institutional Opinions 1. CITIC SEC: The market is currently dominated by fluctuations, and the activation of non-banking financials will be a very important signal. 2. Founder: Capture structural opportunities amidst divergence, focusing on industries with clear trends and strong performance delivery capabilities. 3. Orient: Lackluster trading cannot support sustained upward movement of stock indices; stable funds still need to wait for clear signals of market strength. Positive and Negative Forecasts 1. Goldman Sachs significantly raises its market forecast for optical modules: the market size may reach $148.5 billion by 2028 Type: Market Discussion CITIC SEC: The explosive demand for AI computing power is driving the upgrade of the optical communications industry, with capital spending by overseas cloud vendors continuing to expand, confirming strong demand for AI infrastructure, leading to robust demand for high-speed optical modules and alleviating supply chain bottlenecks. 2. Reports say Intel CPUs will increase in price by another 10% in early October Type: Market Discussion Southwest: Against the backdrop of server CPU architecture upgrades and continuously increasing demand for AI inference computing power, demand on the supply side is expected to show sustained growth. Domestic server CPUs have seen continuous performance improvements in recent years and are likely to achieve further market share growth. 3. Yushu humanoid Siasun Robot & Automation achieves fully autonomous combat, marking a rapid development phase for the industry Type: Institutional Commentary Guolian Minsheng: The current humanoid Siasun Robot & Automation industry is experiencing accelerated development characterized by iterative technological closed loops, expanded computing power infrastructure, and concentrated entry of capital into the sector. The focus of industry development is shifting from single-point technological breakthroughs to coordinated upgrades of data, computing power, and algorithms across the entire chain. Announcement Dispatch Positive Announcements 1. Beijing Asiacom Information Technology: Subsidiary signs a 1.188 billion yuan high-performance computing cloud service agreement. 2. Ningbo Cixing: Plans to repurchase shares worth 100 million to 120 million yuan for equity incentives. 3. Center International Group: A director and deputy general manager plans to increase holdings of no less than 20 million yuan in shares. Negative Announcements 1. Shandong Linuo Pharmaceutical Packaging: The controlling shareholder and certain shareholders plan to reduce holdings by a total of no more than 4%. 2. Jiangxi Guoke Defence Group: A shareholder with over 5% stake plans to reduce holdings by no more than 3%. 3. Inner Mongolia Furui Medical Science: The actual controller Wang Guanyi plans to reduce holdings by no more than 2.77%. Overseas Markets US stocks were closed, while European stocks showed mixed performance. The oil and gas sector and technology sector in Europe both rose over 1%, with chip stock Infineon gaining nearly 7%; crude oil rose nearly 2% during the day, with Brent oil briefly climbing to $98, again reaching a new high in over a month; gold dropped over 1% during trading; and London copper posted three consecutive gains, reaching an intraday all-time high for the first time in nearly eight months. This article is reproduced from "Tencent Stock Selection," GMTEight editor: Xu Wenqiang.