A-share Pre-market Report | Full Implementation of AI+; Nasdaq Rises 1.05%; NVIDIA Corporation (NVDA.US) Expands Production

Pre-market News 1. The General Offices of the CPC Central Committee and the State Council issued opinions on the deep integration of scientific and technological innovation with industrial innovation, fully implementing the "AI+" initiative Type: Macro Sentiment impact: Positive The opinions make specific arrangements in six areas, including promoting seamless connection between the innovation chain and the industrial chain, supporting the building of a modern industrial system with high-quality scientific and technological supply, and strengthening enterprise-led collaborative innovation among industry, academia, and research. Among them, it is proposed to fully implement the "AI+" initiative and promote the all-round empowerment of AI across all industries; and to promote decisive breakthroughs in key core technologies in key fields such as integrated circuits, industrial mother machines, high-end instruments, advanced materials, and biomanufacturing. In frontier fields such as quantum technology, biomanufacturing, hydrogen and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications, it is proposed to explore diverse technological routes, typical application scenarios, and feasible business models, and accelerate the industrialization and commercialization of frontier technologies. 2. The three major U.S. stock indices closed higher collectively, with the Nasdaq up 1.05% and SpaceX up more than 7% Type: Market Sentiment impact: Positive The Dow rose 0.69% to 52,856.09 points, the Nasdaq rose 1.05% to 26,702.86 points, and the S&P 500 rose 0.58% to 7,757.17 points. Most popular technology stocks rose, with SpaceX surging more than 7%, Tesla up more than 3%, and NVIDIA Corporation, Micron Technology, and SK Hynix up more than 2%. Semiconductors, cryptocurrency concepts, and computer hardware sectors led the gains, with Super Micro Computer up more than 9%, Dell Technologies up more than 5%, and Navitas Semiconductor and Circle up more than 4%. Lithium mining concept stocks and packaged food sectors declined, with General Mills down more than 2% and Albemarle down more than 1%. 3. NVIDIA Corporation expands substrate, packaging, and testing capacity with supply chain partners Type: Industry Sentiment impact: Positive NVIDIA Corporation announced that it will expand substrate capacity with supply chain partners including Ibiden, Samsung Electro-Mechanics, and Unimicron Technology, planning to increase substrate capacity for related products to 2.5 times the current level over the next three years; among them, Ibiden's Ono plant in Japan aims to reach three times the current capacity after expansion, with new capacity expected to begin ramping in the first quarter of 2028. The company also plans to double total semiconductor testing capacity from 2026 to 2027 and launch large-scale test production in Singapore in February 2027; with Siliconware Precision Industries, it plans to increase co-packaged optics optical engine capacity to 15 times the current level by mid-2027. Amkor Technology plans to increase advanced packaging capacity by more than 300% by the end of 2028. 4. Hangzhou Changchuan Technology's net profit for the first three quarters is expected to increase by 98.17% to 109.73% Type: Company Sentiment impact: Positive The company announced that it expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be RMB 1.715 billion to RMB 1.815 billion, compared with RMB 865 million in the same period last year. The change in performance is mainly due to continued growth in demand in the semiconductor industry market, strong customer demand, ample product orders, a substantial year-on-year increase in sales revenue, further highlighting of scale effects, and an increase in net profit margin. Net profit after deducting non-recurring gains and losses is expected to be RMB 1.667 billion to RMB 1.767 billion, up 111.39% to 124.07% year on year. Investment Calendar October 22: 2026Financial Street Holdings Forum Annual Meeting to be held, with a special event hosted by the State Administration of Foreign Exchange Institutional Views 1. Huayuan Securities: Q3 economic momentum is bottoming out and recovering, pressure to achieve the full-year target is not significant, and market downside risk may ease marginally 2. Guotai Haitong: The National Data Group has been established, and professional data service providers are expected to participate in the development of data resources through ecosystem cooperation 3. CITIC SEC: Domestic and external demand for offshore wind is at an inflection point for growth, and bidding and orders are expected to recover first in 2027 Positive and Negative Outlook 1. Today, RMB 45 billion of 7-day reverse repos will mature Type: Policy Focus Guosheng: Since September, the deep correction in the stock market has triggered a notable drawdown in "fixed income plus" products, and the decline in equities has led to bond selling, with the bond market adjusting accordingly. 2. Hubei Embodied Intelligence Industry Innovation Conference to be held on October 22 Type: Institutional Hot Comment Guotou Securities: Supcon's TPT large model enables industrial AI to move from a single-point tool to full-stack value, and industrial AI is currently moving from single-point validation to large-scale application. 3. 2026Iflytek Co.,Ltd. Global 1024 Developer Festival to kick off on October 22 Type: Market Discussion Huafu Securities: AI comic dramas are following live-action short dramas to become a core incremental driver of the industry, video large models are iterating along the main lines of "cost reduction, capability, and efficiency," and supply-side capacity is being released rapidly. Announcement Briefs Positive Announcements 1. Optics Technology Holding: Its subsidiary won the bid for the production line and supporting systems project of the XianDao (Qingdao) Optoelectronics Industrial Park and signed a contract, with a tax-inclusive amount of RMB 1.114 billion 2. Yingkou Jinchen Machinery: Plans to repurchase shares through centralized bidding, with a total fund amount of RMB 50 million to RMB 100 million 3. Fujian Highton Development: Plans to repurchase shares through centralized bidding, with a total fund amount of RMB 40 million to RMB 80 million, all to be used for cancellation and reduction of registered capital Negative Announcements 1. Shanghai Supezet Engineering Technology Corp., Ltd.: Market value at the close on October 21 was RMB 157 million, below RMB 300 million for 15 consecutive trading days, and the seventh risk warning of termination of listing was issued 2. Meinian Onehealth Healthcare Holdings: The concerted action person of the actual controller completed a centralized bidding reduction of 20.666 million shares, accounting for 0.53% of total share capital 3. NBTM New Materials Group: Two contract dispute cases have been accepted by the court, involving amounts of RMB 31.2003 million and RMB 1.9142 million Overseas Markets The three major U.S. stock indices closed higher collectively, with the Dow up 0.69% to 52,856.09 points, the Nasdaq up 1.05% to 26,702.86 points, and the S&P 500 up 0.58% to 7,757.17 points. NVIDIA Corporation announced the expansion of substrate and packaging capacity with partners including Samsung Electro-Mechanics and Unimicron Technology, the computing power hardware chain strengthened, Super Micro Computer rose more than 9%, Dell Technologies rose more than 5%, and Tesla rose more than 3%. Lithium mining and packaged food sectors declined, with Albemarle down more than 1%. The Livermore China Concept Stock Leaders Index closed down 1.12%, XPeng Group fell more than 5%, and Alibaba fell more than 3%.