GMT EIGHT - OPPORTUNITIES IN CHINA

Berkshire (BRK.A.US) Q2 net profit doubled year-on-year to $25.667 billion, with a significant increase in buyback efforts.

Berkshire Hathaway's operating performance in the second quarter saw steady growth, while significantly accelerating its stock buybacks.

Berkshire Hathaway: Cash reserves fell to $365.51 billion in the second quarter; approximately $4.5 billion of stock was repurchased in the second quarter. As of June 30, 66% of the total fair value of equity investments was concentrated in five companies: American Express, Apple, Bank of America, Alphabet, and Coca-Cola.

Berkshire Hathaway's Q2 revenue in 2026 was $101.808 billion, compared to $92.515 billion in the same period last year; net profit was $25.667 billion, up from $12.370 billion in the previous year.

Soochow: In July, the U.S. non-farm payrolls unexpectedly turned negative, and there is still significant room for a decrease in interest rate hike expectations.

Dongwu Securities expects that the important data to be released, including the July CPI, August CPI, and non-farm payrolls with annual adjustments, will continue to weaken the Federal Reserve's interest rate hike expectations.

HIGHTIDE-B (02511): Over 30% increase in just 5 days, is the discounted placement a miraculous recovery or a deadly poison?

On August 7, 2026, Junshengtai Pharmaceutical announced the completion of a new round of placement of 98.71 million shares, raising approximately HKD 222 million. On that day, the company's stock price surged by 16.84%, and it accumulated a gain of 30.77% within five trading days.

The total box office for 2026 exceeds 24 billion.

According to Lighthouse Professional data, as of August 8, the box office for the 2026 fiscal year has surpassed 24 billion. "Racing Life 3," "Kung Fu Soccer," "Letter to Grandma," "The Courier: Wind Rises in the Desert," and "The Eight Immortals!" are currently the top five box office hits of the year.

With multiple favorable policies and cost accounting pricing, can the polysilicon industry chain break out of the "prisoner's dilemma"?

In-depth rectification of "involution-style" competition, promoting the industry's shift from "price competition" to "quality competition," can the standards for cost accounting and price compliance guidance rescue the oversupply in the polycrystalline silicon industry chain?

News on New Stocks | Qinhau Pharmaceutical submits its listing application to the Hong Kong Stock Exchange for the second time, with revenue surging to 560 million yuan in the first five months. GH31 authorizes Gilead to receive an initial payment of 80 million dollars.

Qinhao Pharmaceutical has submitted its listing application to the main board of the Hong Kong Stock Exchange again after initially filing in January 2026.

New Stock News | Qinhao Medical Resubmits Application to Hong Kong Stock Exchange

According to the Hong Kong Stock Exchange's disclosure on August 7, Qinhao Pharmaceutical has submitted its listing application for the second time to the main board of the Hong Kong Stock Exchange, with Huatai International as its sole sponsor.

Apple's smart technology can work with Alibaba's Qianwen model.

On August 8, it was reported that Apple's official website shows that Apple smart devices can work with Alibaba's Qianwen model.

Target price of 70 yuan! UBS initiates coverage of Changxin Technology (688825.SH)!

UBS has initiated coverage of Changxin Technology (688825.SH) with a "Buy" rating and a target price of 70 yuan.

Cui Dongshu: From January to June this year, global sales of new energy vehicles reached 11.22 million units, with China accounting for 62%.

From January to June this year, the world's new energy passenger cars reached 11.22 million units, a year-on-year increase of 13%.

Genew Technologies (688418.SH) disclosed a 1.069 billion yuan private placement plan, targeting integrated space-ground systems, and laying out its strategy for satellite internet and full optical networks.

Zhenyou Technology plans to issue A-shares to no more than 35 specific investors, raising a total of no more than 1.069 billion yuan. Currently, the application for this private placement has received a notice of acceptance for refinancing from the Shanghai Stock Exchange.

The price of the 53-degree, 500ml Flying Fairy Moutai in some direct-sale stores has been raised to 1,753 yuan per bottle.

The reporter learned that some of the Moutai direct-sales stores have raised the price of 53-degree, 500ml Feitian Moutai to 1,753 yuan per bottle, higher than the 1,639 yuan per bottle price on the iMoutai app. "This price is already out of stock today; you can come back tomorrow to inquire again," a staff member from the Moutai direct-sales store told the reporter. In addition to regular Moutai, the prices of the Year of the Horse commemorative Moutai and premium Moutai have also increased. In late July this year, Moutai direct-sales stores in various locations had already raised the price of regular Moutai to 1,719 yuan per bottle.

NVIDIA Corporation (NVDA.US) has set its sights on the power company behind OpenAI's "Interstellar Gateway," investing $3 billion directly.

According to reports, Nvidia plans to invest up to $3 billion in the power infrastructure company Lancium (initially $2 billion for approximately 20% equity, which could increase to about 30% with additional investment), which is the power supplier for OpenAI's "Stargate" AI park and has secured 4 gigawatts of power resources in Texas.

Gold jewelry prices return to 1,300 yuan.

A comparison of domestic gold jewelry prices shows that prices for several brands of pure gold jewelry have returned to 1,300 yuan. Among them, Chow Sang Sang's pure gold jewelry is priced at 1,315 yuan per gram, Chow Tai Fook quotes 1,308 yuan per gram, and Lao Miao Gold is priced at 1,310 yuan per gram.

The U.S. July non-farm payroll data is mysterious: employment decreases, unemployment declines. What do Wall Street analysts think?

The U.S. non-farm payroll report for July has been released, and the conflicting signals in the data have left investors confused about the true state of the labor market.

Data center operator Switch has secretly filed for an IPO on the US stock market, with the earliest listing expected in November.

Insiders revealed that data center operator Switch has secretly submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission.

Trump seeks to fire Cook again, reported to be in close contact with Walsh. The independence of the Federal Reserve faces new challenges.

President Donald Trump is "considering" firing Federal Reserve Board member Lisa Cook.

Another interpretation of the non-farm payrolls turning negative: BlackRocks Chief Investment Officer for fixed income states that AI is rendering employment data ineffective, and interest rate hikes are "meaningless."

Reed, the Chief Investment Officer of BlackRock's Global Fixed Income division, believes that the negative non-farm payroll data in July is not a signal of recession, but rather evidence that the AI productivity revolution is reshaping the labor market. He stated that interest rate hikes "make little sense" and advocated for fiscal measures such as regulatory easing to combat inflation, while also shifting funds towards the European bond market and emerging markets. He considers U.S. investment-grade corporate bonds "entirely unattractive," as the market faces a large influx of new supply.

HK Bull/Bear Outstanding Qty Ratio(49:51) | August 8

As of August 8, the latest bull-bear street inventory ratio of the Hang Seng Index is 49:51.

Overnight US stocks | In July, non-farm payrolls unexpectedly declined, and the S&P 500 index reached a record closing high. SpaceX (SPCX.US) surged nearly 16%.

As of the market close, the Dow Jones Industrial Average rose by 151.83 points, an increase of 0.28%, closing at 54,036.93 points; the Nasdaq rose by 342.26 points, an increase of 1.30%, closing at 26,690.62 points; and the S&P 500 index rose by 47.68 points, an increase of 0.62%, closing at 7,757.64 points.

July's non-farm employment numbers cooled, making it difficult to resolve policy differences. Inflation has exceeded the target for five consecutive years, and the faction supporting interest rate hikes within the Federal Reserve is expanding.

Inflation in the United States has been above the Federal Reserve's 2% policy target for five consecutive years, continually testing the patience of decision-makers.

The first round of unlocks did not show selling pressure! SpaceX (SPCX.US) has seen a cumulative increase of approximately 23% over two days, with its market value surging by more than $320 billion.

SpaceX's stock price has risen significantly for the second consecutive trading day, nearing the $135 IPO issue price, marking the first time it has come close to recovering lost ground since falling below this key level last month.

US Stock Market Move | Ticketplus Ltd (TP.US) debuted on the U.S. stock market, dropping over 15% after opening.

As of the time of publication, the stock has fallen over 15%, trading at $6.771.

US Stock Market Move | Latigo Biotherapeutics (LTGO.US) debuts on the U.S. stock market, with its stock price rising over 14% after opening.

As of the time of this report, the stock has risen over 14%, trading at $20.53.

In July, the U.S. non-farm payroll unexpectedly turned negative, dealing a heavy blow to the dollar. The market has lowered its expectations for a rate hike in September, and the Federal Reserve may continue to hold its position.

The employment data for July in the United States was unexpectedly weak, further diminishing the market's expectations for a recent rate hike by the Federal Reserve, leading to a weakening of the dollar on Friday.

US Stock Market Move | BlossomHill Therapeutics (BLSM.US) debuts on the US stock market, with the stock price slightly declining after opening.

As of the time of this report, the stock has dropped over 1%, trading at $15.8.

SAIMO (02571) issues a profit warning, expecting a net loss of approximately 47 million to 51 million yuan for the interim period, a shift from profit to loss compared to the same period last year.

Saimu Technology (02571) announced that it expects the Group's revenue for the first six months of 2026 to be approximately RMB 72 million to RMB 75 million, a decrease of about 17.5% to 20.8% compared to the same period in 2025; the Group is expected to record a net loss of approximately RMB 47 million to RMB 51 million for the first six months of 2026, reversing from a net profit of RMB 390,000 for the six months ending June 30, 2025.

A-shares Evening Hotspots | U.S. Non-Farm Payrolls Unexpectedly Cold in July, Investors Reduce Bets on Fed Rate Hike in September

Data released by the U.S. Bureau of Labor Statistics showed that non-farm employment unexpectedly declined by 23,000 last month, falling short of the market expectation of an increase of 80,000. Traders lowered their expectations for a rate hike by the Federal Reserve in September.

DELTON (01989) released its interim results with a net profit attributable to shareholders of 956 million yuan, a year-on-year increase of 94.39%.

Guanghe Technology (01989) announced its interim results for the six months ended June 30, 2026. The group achieved operating revenue of 4.388 billion yuan, a year-on-year increase of 80.98%; the net profit attributable to shareholders of the listed company was 956 million yuan, a year-on-year increase of 94.39%; basic earnings per share were 2.1394 yuan.

RUIHE DATA (03680) plans to establish a limited partnership.

Rui He Digital Intelligence (03680) announced that on August 7, 2026, its indirectly wholly-owned subsidiary Rui He Digital Intelligence (Shenzhen) entered into a partnership agreement with You Shi Jin Kong and Hainan Bao Shu Investment Co., Ltd. to establish a limited partnership. According to the partnership agreement, the total capital contribution of all partners in the limited partnership is RMB 100 million, with You Shi Jin Kong acting as the general partner, planning to contribute RMB 100,000; Rui He Digital Intelligence (Shenzhen) and Hainan Bao Shu, as limited partners, plan to contribute RMB 11.9 million and RMB 88 million, respectively.

US Stock Market Move | SpaceX (SPCX.US) rose over 8%. The unlock of restricted shares did not lead to selling pressure, and short covering pushed the stock price up.

On Friday, SpaceX (SPCX.US) rose by over 8%, closing at $124.46.

MEMESTRATEGY (02440) issues a profit warning, expecting a mid-term net loss of no less than 65 million yuan.

Mistrategy (02440) announced that the group expects to record a net loss of not less than RMB 65 million for the six months ending June 30, 2026 (six months ending June 30, 2025: a net loss of RMB 34 million). This is primarily due to (i) a fair value loss on assets measured at fair value during the period (a non-cash item) of approximately RMB 12.7 million; and (ii) an increase in administrative expenses of approximately RMB 17.5 million, mainly due to the development of several new collectible-related businesses during the period.

US Stock Market Move | Storage chip concept stocks generally fell, with Seagate Technology Holdings PLC (STX.US) dropping over 10%.

On Friday, storage chip concept stocks fell broadly, with Seagate Technology (STX.US) dropping over 10%.

IMAGI INT'L (00585) issues a profit warning, expecting the interim profit before tax to increase by not less than HKD 15 million compared to the same period last year.

Yili International (00585) announced that the company expects to achieve an unaudited consolidated profit before tax of no less than HKD 15 million for the six months ending June 30, 2026. This represents an improvement compared to the unaudited consolidated profit before tax of approximately HKD 4.4 million for the same period ending June 30, 2025.

US Stock Market Move | AI application software stocks initially strengthened, with Doximity (DOCS.US) soaring over 59%.

The AI application software stocks showed strength in early trading.

US Stock Market Move | The stock price has surged for two consecutive days! ZAI LAB (ZLAB.US) has risen by over 10%.

After yesterday's stock price surge of over 13%, on Friday, Zai Lab (ZLAB.US) experienced another increase of over 10%, reaching $23.03.

Zhejiang Shibao (01057) plans to raise no more than 1.394 billion yuan through a private placement of A-shares.

Zhejiang Shibao (01057) announced that the company intends to issue A-share stocks to no more than 35 specific investors (including 35), raising no more than 1.394 billion yuan. The net proceeds are intended to be used for the industrialization construction projects of automotive steer-by-wire systems, the industrialization construction projects of the next-generation intelligent steering systems for passenger vehicles, the technological renovation projects for automotive electronic PPK products, the enhancement of research and development capabilities for steer-by-wire and angle module systems, and to supplement working capital.

US Stock Market Move | Optical communication concept stocks surged, with Applied Optoelectronics (AAOI.US) rising by more than 12%.

On Friday, optical communication concept stocks experienced a general rise, with Applied Optoelectronics (AAOI.US) increasing by over 12%.

AI dividends are flowing into traditional industries! From garbage trucks to insurance brokers, profits can be "harvested" beyond tech giants.

The adoption of artificial intelligence tools by American enterprises is gradually showing returns, which undoubtedly serves as a reassurance to investors who previously had doubts about the hefty AI investments made by a few major players.

KO YO GROUP (00827) issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately 146 million yuan, a year-on-year decrease.

Jiu Yuan Group (00827) announced that it expects a shareholders' loss attributable to the group of approximately RMB 146 million for the six months ending June 30, 2026, which is a decrease of approximately RMB 40 million compared to a shareholders' loss of about RMB 186 million in the same period last year. The decrease in the groups shareholders' loss is mainly due to the rise in product market prices following the outbreak of the U.S.-Iran war, which improved the gross margin of the groups products.

AHSAY BACKUP (08290) released its interim results, reporting a loss attributable to equity holders of HK$94,000, a decrease of 48.07% year-on-year.

Ashi Backup (08290) announced its performance for the six months ending June 30, 2026, with revenue of HKD 16.677 million, a year-on-year decrease of 11.76%; loss attributable to equity holders of the parent company was HKD 94,000, a narrowing of 48.07% year-on-year; basic loss per share was HKD 0.00.

U.S. stock market opens: all three major indices rise.

The Dow Jones rose 0.10%, the S&P 500 increased by 0.36%, and the Nasdaq climbed 0.77%. Microchip Technology surged 10.19%, Airbnb rose 9.98%, Coherent Corp increased by 9.74%, Newman Mining went up 5.81%, and Yara International soared 5.40%. In terms of the "Seven Sisters": Tesla rose 1.12%, Nvidia increased by 1.05%, Amazon climbed 0.52%, Microsoft went up 0.24%, Apple rose 0.19%, Google increased by 0.14%, and Meta Platforms rose 0.03%.

RAILY AESMED (02135) issues profit alert, expecting a mid-term profit attributable to shareholders of approximately 4 million yuan, a turnaround from losses to profits year-on-year.

Ruili Medical Aesthetics (02135) announced that the group expects to record revenue of approximately RMB 115 million for the six months ending June 30, 2026, compared to about RMB 85 million for the six months ending June 30, 2025; and the group anticipates that it will record a profit attributable to shareholders of the parent company of around RMB 4 million for the six months ending June 30, 2026, whereas it recorded a loss attributable to shareholders of the parent company of approximately RMB 8 million for the six months ending June 30, 2025.

Beijing: The required duration of social security and individual income tax contributions for non-Beijing registered households purchasing a home has been reduced to one year.

On the evening of the 7th, the Beijing Housing and Urban-Rural Development Committee, the Beijing Planning and Natural Resources Committee, and the Beijing Housing Provident Fund Management Center jointly issued a notice titled "Notice on Further Optimizing and Adjusting the City's Real Estate Policies," which clarifies that the social security or individual income tax payment period for non-Beijing resident families purchasing commercial housing within the Fifth Ring Road has been reduced from "2 years" to "1 year." After the adjustment, the social security or individual income tax payment period for non-Beijing resident families buying commercial housing within the city will be uniformly set at "1 year," while the number of commercial housing units that can be purchased will remain unchanged. Specifically, families who have paid social security or individual income tax for a full year can purchase one unit of commercial housing within the Fifth Ring Road; families with multiple children can purchase an additional unit. Outside the Fifth Ring Road, there will be no limit on the number of units that can be purchased. The notice will be implemented starting from the 8th.

New Stock News | Zhejiang Energy's Mai Ling Reapplies to the Hong Kong Stock Exchange as the World's Largest Provider of Green Shipping Equipment and Systems

According to the Hong Kong Stock Exchange's disclosure on August 7, Zhejiang Zheneng Mailing Green Shipping Technology Co., Ltd. has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and CMB International as joint sponsors.

HAIWEI ELEC (09609) issued a profit warning, expecting the company's profit attributable to owners for the first half of the year to be approximately 3.6 million to 7.4 million yuan, representing a year-on-year decrease of about 80% to 90%.

Haiwei Holdings (09609) announced that the group anticipates a profit attributable to company owners of approximately HKD 3.6 million to HKD 7.4 million in the first half of 2026, a decrease of about 80.0% to 90.0% year-on-year.

TI CLOUD (02167) issues profit warning, expecting net profit for the first half of the year to grow by approximately 50% to 80% compared to the same period last year.

Tianrun Cloud (02167) announced that the Group expects to achieve a net profit ranging from RMB 41 million to 50 million for the six months ending June 30, 2026, a significant increase of approximately 50% to 80% compared to a net profit of about RMB 27.7 million for the six months ending June 30, 2025. The Board believes that the growth in net profit is primarily attributable to the revenue from the company's AI-related customer service product portfolio, which has increased by over 100% compared to the same period in 2025.

"Grand Theft Auto 6" is gearing up for release, and Take-Two's (TTWO.US) earnings report shows mixed results: pre-orders exceed expectations, but losses are widening.

Game publisher Take-Two Interactive Software (TTWO.US) reiterated its full-year bookings outlook on Friday and confirmed that the highly anticipated Grand Theft Auto VI will officially release on November 19.

Latest

13 m ago

On August 8, Apples official website announced that Apples intelligent system can work with Alibaba's Qianwen model. Alibaba's Qianwen will be integrated as an AI capability into Apples intelligent system, providing a smart experience for Chinese users of iOS, iPadOS, macOS, and visionOS. Users can directly experience Qianwen's text and image understanding, content generation, and other capabilities on Apple devices without switching between applications. On the same day, the Cyberspace Administration of China released filing information for seven mobile endpoint generative artificial intelligence services, including Apples intelligent system, Huawei's Xiaoyi large model, and OPPO's AndesGPT large model, among others. (21st Century Business Herald).

13 m ago

New York crude oil in the dark market broke through $77, rising more than 0.5% during the day.

21 m ago

Chief Representative of the IMF in China: Strong growth in service consumption, with "plenty of momentum"

22 m ago

The price of Feitian Moutai self-operated stores has been raised again, with the terminal price now reaching 1760 yuan per bottle.

26 m ago

Wu Gang, former member of the Party Leadership Group and Deputy Director of the Sports Bureau of Inner Mongolia Autonomous Region, has been expelled from the Party for serious disciplinary violations and illegal activities.

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