A-share Evening Hotspots | Another bearish signal from the Middle East, European and U.S. markets plunge across the board! Oil prices surge 5%.

Evening Major News Roundup 1. PBOC: No preset target for RMB exchange rate, focus on preventing short-term disruptive overshooting Importance: On October 8, the People's Bank of China released the "Policy Position of the People's Bank of China on the RMB Exchange Rate," which includes: adhering to letting the market play a decisive role in exchange rate formation; the People's Bank of China does not preset target levels for the exchange rate, does not intervene in long-term exchange rate trends, and maintains exchange rate flexibility and two-way floating; China's trade development is rooted in the improvement of industrial international competitiveness. China has no need and no intention to gain trade competitive advantages through exchange rate depreciation, and has never engaged in competitive currency devaluation. The central bank also stated that global economic imbalances are closely related to the evolution of the global division of labor, the inherent contradictions of the international monetary system, and the long-term high fiscal deficits and high consumption of some countries, which require joint efforts by all parties to resolve. Simply attributing one's own declining industrial competitiveness, weakened fiscal constraints, and complex structural problems to other countries' exchange rates is a shirking and evasion of one's own adjustment responsibilities. 2. Net profit forecast to surge over 190 times at most! Multiple A-share companies report good third-quarter results Importance: On October 8, multiple A-share companies released third-quarter earnings forecasts after market hours. Among them, Shandong Dongyue Silicone Material expects net profit for the first three quarters of 547 million yuan to 567 million yuan, a year-on-year increase of 19,050%-19,750%; Xingyun Technology expects net profit for the first three quarters to increase 569%-716% quarter-on-quarter, with computing power business, especially server sales business, achieving explosive growth. Industry insiders said that as the A-share market enters the third-quarter earnings disclosure window, market pricing logic is shifting from expectation-driven to fundamental verification, and capital attention to stocks with earnings exceeding expectations is expected to increase significantly. Against this backdrop, if growth stocks can maintain high growth momentum supported by industry prosperity, their valuation and earnings matching will be confirmed, and subsequent stock price performance may be worth anticipating. 3. Another bearish signal from the Middle East, European and U.S. markets plunge across the board! Oil prices surge 5% Importance: On October 8, overseas markets plunged across the board, with European stock markets and U.S. stock index futures falling collectively. As of 18:44, international oil prices continued to rise, with WTI crude oil futures up 5.09% at $92.771 per barrel; Brent crude oil futures up 5.20% at $105.407 per barrel. The three major U.S. stock indices fell collectively. As of 21:59, the Dow was down 0.03%, the Nasdaq was down 0.63%, and the S&P 500 was down 0.28%. The Philadelphia Semiconductor Index fell over 2%, ARM dropped over 4%, and Intel fell over 3%. In terms of news, a bearish development emerged in U.S.-Iran tensions. U.S. President Trump said on Wednesday that he no longer hopes to reach an agreement with Iran. Earlier reports said the U.S. military is preparing for a possible military strike against Iran, with the operation likely to be launched before the U.S. midterm elections. However, according to Xinhua News Agency citing Iran's Tasnim News Agency on the 8th, Iranian Foreign Minister Araghchi said in an interview that day that negotiations between Iran and the U.S. are still continuing. Iran is still evaluating its response to the U.S. proposal to "reopen the Strait of Hormuz within seven days" and will reply within a few days. 4. Zunjie brake pedal controversy escalates, Anhui Jianghuai Automobile Group Corp.,Ltd. rare limit-down! Company officially responds Importance: On October 8, Anhui Jianghuai Automobile Group Corp.,Ltd. hit a rare limit-down. Previously, from September 22 to 30, Anhui Jianghuai Automobile Group Corp.,Ltd. accumulated a gain of over 40% in 6 trading days. In terms of news, automotive information platform Dongchedi released a related test video claiming that during emergency braking function tests on three Zunjie V800 vehicles, the brake pedal brackets all fractured, causing the vehicles to lose braking capability and rely only on P gear for emergency braking. News such as "Zunjie V800 brake pedal bracket fracture" trended on social media, drawing widespread attention. In the evening, Zunjie Automobile released a statement regarding issues related to the Zunjie Automobile brake pedal bracket base: The braking system is directly related to user travel safety, and we attach great importance to the concerns raised by the relevant video. Zunjie Automobile's braking system has completed full-process development and verification in accordance with requirements exceeding national standards (GB 21670-2025 / GB 7258-2026) and exceeding industry standards (QC/T 788-2018). Since the delivery of the first batch of vehicles, no brake pedal bracket base fracture failures have occurred in actual user usage scenarios. User safety is always our top priority. Even under non-standard extreme test conditions, we still hope to provide users with higher safety redundancy: we will further optimize the design of this component and provide free upgrade options for users who have already taken delivery. At the same time, we will conduct systematic review and reinforcement of the design verification, test boundaries, and production quality management of related components to continuously improve our safety system. Thank you to all users for your attention and oversight of Zunjie Automobile. 5. When will the first meeting of the China-U.S. AI dialogue mechanism be held? Foreign Ministry responds. Importance: On October 8, Foreign Ministry spokesperson Mao Ning presided over a regular press conference. A Bloomberg reporter asked when the first meeting would be held after China and the U.S. agreed to establish a China-U.S. AI dialogue mechanism, and whether senior officials from both countries would attend. Mao Ning said she suggested directing this question to the relevant Chinese authorities. 6. Memory price increases squeeze downstream profits, Samsung phones plan to cut production by up to 30% in Q4 Importance: Although Samsung Group itself is already one of the world's top three memory suppliers, its smartphone division has also been hit by soaring memory prices. According to South Korean media reports, as memory chip prices continue to surge and phone product profitability continues to decline, Samsung has planned to significantly cut smartphone shipments in the fourth quarter, with an expected production reduction of 20% to 30%. 7. Computing power mega-orders stage "paper carnival," most contracts "fail to deliver" Importance: According to Cailianshe, a review of computing power orders disclosed since 2023 that have completed an execution period of at least one year found that those ultimately failing to effectively materialize have become the "mainstream." In addition, there are "peculiar" cases where follow-up progress was not disclosed, or only procurement contracts were disclosed without computing power service contracts. Some listed companies have even been investigated by the China Securities Regulatory Commission for information disclosure violations related to orders, and others have received warning letters from securities regulatory bureaus. In the view of multiple industry insiders, the special "game rules" of the current computing power services market are the underlying cause behind the large number of orders "failing to deliver." Opportunities in Advance The editor has sorted through market-focused investment opportunities, with shipping and others drawing attention. 1. Crude oil inflation burns through supply chains, shipping giant Maersk urgently adjusts fuel surcharges Global container shipping giant Maersk officially announced on Thursday that due to rising fuel costs caused by the ongoing Middle East conflict, it will increase the Emergency Fuel Surcharge (EFS) for all export pickup and import delivery services, raising the Emergency Fuel Surcharge (EFS) to 20%, effective from October 12, 2026. According to Securities Times, industry consensus is that this round of super-large crude carrier (VLCC) boom has completely broken away from traditional cyclical logic and entered a super boom cycle dominated by the restructuring of the global trade landscape. Shenwan Hongyuan Group Securities believes that VLCC available capacity on multiple routes is scarce, which is expected to support VLCC freight rates, and high freight rates are expected to continue through the end of the year. In addition, the following sectors are also worth watching: 2. Embodied intelligence | Xinwen Lianbo: China's embodied intelligence industrialization is accelerating. 3. Software | Ministry of Industry and Information Technology: Software business revenue exceeded 10 trillion yuan in January-August, up 8.8% year-on-year. 4. Automobiles | FAW signed a strategic alliance framework agreement with Toyota and GAC; GAC will acquire 50% equity in FAW Toyota. 5. AI pharmaceuticals | Meta-backed biotechnology organization Biohub announced the expansion of the "Virtual Biology Program." 6. Artificial intelligence | Guangdong Provincial Party Secretary: Shenzhen should mobilize the entire city's efforts to accelerate the development of artificial intelligence and Siasun Robot&Automation industries. Positive and Negative Announcements from Listed Companies For positive announcements, the editor highlights Contemporary Amperex Technology's repurchase of 697,800 shares, etc.; for negative announcements, note that Nanjing Wavelength Opto-Electronic Science & Technology's chairman and three others have been prosecuted, etc. Positive Announcements 1. Contemporary Amperex Technology: Repurchased 697,800 shares on October 8, paying 200 million yuan 2. Guanghui Energy: Net profit for the first three quarters up 167%-177% year-on-year, with the central selling price of main products rising 3. Jiangsu Allfavor Intelligent Circuits Technology: Net profit for the first three quarters up 190%-335% year-on-year, with revenue share of high-layer-count PCB products such as high-multilayer boards increasing 4. Amlogic: Q3 net profit forecast to increase 223%-248% year-on-year, annual revenue expected to exceed 10 billion yuan 5. Guangdong Xiongsu Technology Group: Plans to acquire no more than 80% equity in Xinyuan New Materials Negative Announcements 1. Nanjing Wavelength Opto-Electronic Science & Technology: Company and chairman among others prosecuted on suspicion of smuggling goods prohibited from import and export 2. Jiangxi Wannianqing Cement: Clarifies that Chairman Ou Xiantao was not involved in flight conflict rumors, has filed a police report 3. Zhe Jiang Li Zi Yuan Food: Independent director Xiao Zuoping is under disciplinary review and supervisory investigation 4. Guangdong High Dream Intellectualized Machinery: Shareholder Zheng Jinkang plans to reduce holdings by no more than 3% of company shares 5. Citychamp Dartong Advanced Materials: Controlling shareholder Fengrong Investment completes reduction, shareholding drops to 29.34% This article is reprinted from "Tencent Zixuangu." GMTEight Editor: Xu Wenqiang.