A-share Evening Highlights | Breaking! National Data Group Established, Which Sectors May Benefit?

Evening Highlights 1. Breaking! National Data Group Established, Which Sectors May Benefit? Importance: According to Xinhua News Agency, on October 20, National Data Group Co., Ltd. was established in Xiong'an New Area, Hebei. It is understood that the group was established to advance the development and utilization of data resources, unlock the value of data elements, serve AI development, and foster a thriving data industry ecosystem. After its establishment, National Data Group will, under the guidance of relevant authorities, strengthen central-local coordination, deepen industrial collaboration, promote shared capabilities, experience, and business expansion, and work together to grow the value of data, strengthen the data industry, and improve the data ecosystem. Guolian Minsheng noted that the formation of National Data Group is expected to drive public data from fragmentation toward unified coordination, transforming data resource advantages into AI industry advantages. Vendors with data element operations, governance, and security capabilities are expected to benefit fully. 2. All Over the Internet! Could AI Investment Trigger Financial Turmoil? Former PBOC Governor Zhou Xiaochuan's Latest Warning Importance: On October 20, Zhou Xiaochuan, former Governor of the People's Bank of China, said at the 2026 Bund Summit that research should be conducted and contingency plans prepared for AI investment failures and the financial turmoil they may cause, and that corresponding policy tools should be reserved in the policy toolbox to respond to such turmoil and impact. Zhou Xiaochuan pointed out that in the process of technological evolution, some investments will succeed and some will fail. Given the massive amounts of capital currently flowing into artificial intelligence and related infrastructure, once some (investments) fail and trigger financial turmoil, it could escalate into a crisis. (In such a case,) large-scale action would be needed to support the economy and provide assistance to some financial institutions. 3. Contemporary Amperex Technology: Q3 2026 Net Profit RMB 21.246 Billion, Up 14.54% YoY Importance: Contemporary Amperex Technology disclosed its third-quarter report. In the first three quarters of 2026, the company achieved operating revenue of RMB 442.137 billion, up 56.19% YoY; net profit attributable to shareholders was RMB 64.53 billion, up 31.60% YoY. In the third quarter alone, operating revenue was RMB 165.221 billion, up 58.58% YoY; net profit attributable to shareholders was RMB 21.246 billion, up 14.54% YoY. 4. MIIT's Latest Remarks on Smart Manufacturing, Automotive Safety, Photovoltaic New Energy Storage, and More Importance: On October 20, the State Council Information Office held a press conference to introduce industrial and information technology development in the first three quarters of 2026. It was noted that MIIT is currently studying and drafting policies and measures for next-generation smart manufacturing to accelerate the deep integration of artificial intelligence and manufacturing. Regarding automotive safety, MIIT stated that it will resolutely prevent unreasonably innovative designs and automotive products that have not undergone sufficient R&D, testing, and validation from entering the market. In addition, MIIT stated that it will focus on optimizing the development environment, deepening comprehensive rectification of disorderly and irrational competition in key areas, continuously improving capacity monitoring and early-warning mechanisms for photovoltaic new energy storage and other sectors, issuing and implementing guidelines for the construction of standards systems in key industries, promoting industrial upgrading through higher standards, and accelerating efforts to clear overdue payments owed to enterprises. 5. Unitree Robotics Surges 30% in 3 Days, Company's Latest Announcement Is Here Importance: Unitree Robotics announced that the cumulative deviation of its stock's closing price over three consecutive trading days exceeded 30%, constituting an abnormal fluctuation in stock trading. The humanoid Siasun Robot&Automation industry is still in the early commercialization stage, and there is uncertainty regarding technological maturity, cultivation of downstream market demand, and supply chain support capabilities. If the pace of large-scale commercialization in the industry falls short of expectations, the company's future revenue expansion and earnings release may be adversely affected, and there is an investment risk of valuation regression. 6. Korean AI Star Stock Plunges on Debut: Retail Investors' KRW 10 Trillion in Margin Deposits Trapped Importance: Korean data center infrastructure company EliceInc. plunged 38% intraday on its first day of listing on the Kosdaq and closed down 32%, marking the worst debut for a major Korean IPO. The offering price was KRW 90,500, raising KRW 201 billion, with retail subscription oversubscription reaching 400 times. The market believes rising borrowing costs and doubts about AI investment returns are the main reasons for the crash. 7. U.S. Government Directs Agencies to Stop Using Chinese AI Products Such as DeepSeek; Foreign Ministry Responds Importance: On October 20, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. An AFP reporter asked that the U.S. government has required federal agencies to stop using Chinese artificial intelligence products such as DeepSeek because of the possibility of transferring sensitive data. What is China's comment? Mao Ning said that China consistently opposes overgeneralizing the concept of national security and politicizing scientific, technological, and economic and trade issues. We will resolutely safeguard the legitimate rights and interests of Chinese enterprises. Opportunities to Watch Ahead The editor has sorted through market-watched investment opportunities and found that large models are drawing attention. 1. DeepSeek Makes Major Announcement! Fully Open-Sources Internal Inference Framework DeepInfer DeepSeek announced that it will fully open-source its internal inference framework DeepInfer. DeepSeek also mentioned that by sharing internal deployment experience, it hopes to help developers and enterprise organizations optimize the throughput and latency of large-scale inference, thereby efficiently building private and public cloud deployments, reducing computing costs and energy consumption, enabling intelligence to reach broader populations at lower prices, and achieving truly inclusive large models. Huachuang Securities stated that the continued improvement of open-source models and agent toolchains is expected to lower application development costs and drive AICoding expansion into scenarios such as game development, 3D content production, enterprise software, and automated workflows. Platforms with developer entry points and application ecosystems are expected to benefit first. In addition, the following sectors are also worth watching: 2. Battery Swapping | Contemporary Amperex Technology releases a new "battery-to-battery range extension" battery swapping solution, with the first batch of 13,000 units signed. 3. Innovative Drugs | In the first three quarters, domestically produced innovative drugs accounted for 80% of those approved in China. 4. Heavy Trucks | China's electric heavy truck sales account for more than half, accelerating electrification in the transport industry. 5. Copper | Chile's state-owned copper company Codelco set the copper premium for the European market at USD 350 per tonne, a record high. Listed Company Positive and Negative Announcements Among positive announcements, the editor highlights Tianqi Lithium Corporation's net profit forecast to rise by more than 30 times at most; among negative announcements, note China Mobile Limited's profit down 7.9% YoY. Positive Announcements 1. Tianqi Lithium Corporation: Net profit for the first three quarters is expected to rise 2,735%-3,235% YoY, mainly due to a significant increase in the average selling price of lithium products. 2. Yunnan Lincang Xinyuan Germanium Industry: Net profit for the first three quarters rose 869.79% YoY, with sales of compound semiconductor materials such as indium phosphide increasing YoY. 3. Montage Technology: Q3 net profit is expected to rise 154%-175% YoY, with shipments of DDR5 memory interface and module companion chips increasing significantly. 4. Peric Special Gases: Q3 net profit RMB 313 million, up 362.79% YoY. 5. SICC Co.,Ltd.: Net profit for the first three quarters rose 2,330% YoY, with multi-downstream collaboration driving growth in substrate shipment scale. Negative Announcements 1. China Mobile Limited: Profit attributable to shareholders for the first three quarters was RMB 106.2 billion, down 7.9% YoY. 2. Pinming Technology: Zhang Yiming, Chen Feijun, and Zhang Jiayuan reduced holdings by 200,000 shares, 413,500 shares, and 112,500 shares, respectively. 3. Shanghai Luoman Technologies Inc.: Niu Xuan and three other directors and senior executives have reduced holdings; Wang Ju reduced 21,950 shares. 4. WPG (Shanghai) Smart Water Public Co.,Ltd.: Li Jixi terminated the reduction plan early after reducing 15,100 shares. 5. APT Medical Inc.: Cheng Zhenghui completed the reduction plan, reducing 2.1229 million shares, accounting for 1.5%. This article is reprinted from "Tencent Zixuan Stocks". GMTEight editor: Xu Wenqiang.