A-share pre-market report | Apple announced that the iPhone will fully transition to OLED displays, and the progress of Beidou's large-scale applications is accelerating.

echnology: Morning Headlines Overview 1. Nvidia plunges more than 9%, with a market value evaporating nearly 2 trillion overnight! Mainstream analysts still optimistic about Nvidia's long-term prospects Importance: Overnight, Nvidia's stock in the US fell by 9.53%, with a market value evaporating by $278.9 billion (approximately 1.99 trillion yuan). The reasons for the plunge include poor US manufacturing PMI data, market doubts about the sustainability of massive AI hardware investments, and an upgrade by the US Department of Justice in its antitrust investigation. However, most analysts still maintain a buy rating on the stock. 2. Nearly 30 billion securities industry mergers take a big step forward! Guolian's acquisition of Minsheng Securities approved by Jiangsu State-owned Assets Supervision and Administration Commission Importance: Guolian announced that its major asset restructuring plan to acquire Minsheng Securities has been approved by the Jiangsu State-owned Assets Supervision and Administration Commission. Shenwan Hongyuan Group stated that the internal and external environment for securities industry mergers and restructuring is now basically in place, with an acceleration in brokerage integration driven by both internal factors and policy orientation. 3. International oil prices plummet by 4% in a single day! Optimistic signs of resolution in the Libyan political dispute, but weak demand is also appearing Importance: Overnight, international crude oil futures plummeted, with Brent crude dropping by over 5% at one point and US crude erasing all gains for the year. On the news front, Libyan political factions are nearing an agreement, indicating a quick return to full production, while US manufacturing PMI fell below expectations, showing signs of weak demand. 4. The central bank continues to conduct large-scale reverse repurchase operations, achieving net capital inflows and fueling expectations for interest rate cuts in the future Importance: On September 2nd and 3rd, the central bank conducted 7-day reverse repurchase operations worth 3.5 billion yuan and 1.2 billion yuan, respectively, with a total net inflow of 938.8 billion yuan over the two days. Experts believe that the loose market liquidity at the beginning of the month aligns with expectations for net inflows, and with adjustments in global central bank policies, the space for interest rate cuts in China may further open up. Financial Calendar There are no new stock listings on the Shanghai and Shenzhen markets today, with the new stock Fute Technology debuting. Investment Opportunities Based on market attention, investments in graphite, OLED, and BeiDou are highlighted. 1. Major breakthrough in ultra-high purity graphite in China! Institutions bullish on graphene demand growth Chinese scientists have made a major breakthrough in ultra-high purity graphite, with the research team of China Minmetals led by Wang Jionghui successfully developing ultra-high purity graphite products with a purity of over 99.99995%, marking China's ultra-high purity graphite products reaching an international leading level. Review: Open Securities believes that due to the outstanding properties of graphene thermal film, such as flexibility and bending resistance, it has great potential in the field of foldable screen phones, and it is expected that with the gradual maturation of graphene thermal film technology on foldable screen phones in the future, demand for it will grow in sync. 2. Apple announces full transition to OLED displays for iPhones, Japanese LCD suppliers exit the market According to reports citing sources, Apple will completely phase out LCD screens in iPhones, with all iPhones sold from next year onwards using OLED displays. Review: Northeast believes that AI driving smartphones into a new upgrade cycle will lead to a rebound in phone sales, but the addition of OLED panel capacity is extremely limited, and OLED panel prices will continue to rise, driving the profit capabilities of Chinese panel manufacturers. 3. Progress in large-scale applications of BeiDou accelerates, with China Star Network and Chongqing jointly releasing a pilot program On September 3rd, the International Ecology Conference on Aerospace Information Industry opened in Chongqing, focusing on the large-scale application of BeiDou. At the conference, China Spacesat Network Group Co., Ltd. and Chongqing jointly released an action plan to innovate and promote the large-scale application of BeiDou on a pilot basis. Review: Huaxi believes that the BeiDou industry chain has achieved mass production on the billion level, with independent controllability and a solid foundation for large-scale promotion applications, entering a deep-water zone for scale applications. They recommend investing in laying out the full industry chain in the BeiDou sector and key targets in BeiDou applications. Market Prediction Ping An Securities: A-shares are currently factoring in a lot of pessimistic expectations, focusing on new quality production factors and other directions Ping An Securities believes that A-shares have already factored in a lot of pessimistic expectations, with main market index valuations at historically low levels below the 20th percentile. As the turning point for the Fed's interest rate cut approaches and domestic easing further opens up, there is hope for marginal improvement in the internal and external liquidity environment for A-shares, with structural opportunities increasing. They suggest structurally positioning around performance prospects and policy support directions, focusing on new quality production factors (TMT/power equipment/defense aerospace/mechanical equipment, etc.), high-end manufacturing, and investment opportunities related to SOE reforms. Positive and Negative Announcements from Listed Companies In a relatively positive announcement, Guolian's major asset restructuring approval is highlighted, while Kunshan Kersen Science & Technology, with 7 consecutive limit up sessions, raises cautionary risks. Slightly Positive Announcements 1. Guolian: Approval received for major asset restructuring by the Jiangsu State-owned Assets Supervision and Administration Commission 2. China Shenhua Energy: Two projects of its subsidiaries approved by the National Development and Reform Commission, with total investments of 13.3 billion yuan and 13.2 billion yuan respectively 3. Sichuan Anning Iron And Titanium: Approval received from the Shenzhen Stock Exchange for issuing shares to specific entities 4. Chn Energy Changyuan Electric Power: Power generation in August reached 40.13 billion kilowatt-hours, a year-on-year increase of 35.75% 5. Guangdong Mingzhu Group: Plans to repurchase shares worth 150 million to 236.5 million yuan 6. Tianjin Port: Indirect controlling shareholder plans to increase shareholdings by approximately 50 million yuan Slightly Negative Announcements 1. Kunshan Kersen Science & Technology: Risk warning, cautious investment (Sources: Article)Technology: The company's folding screen hinge assembly business has a single customer.2. Fujian Nanwang Environment Protection Scien-tech: Director and Deputy General Manager Wang Xianfang under investigation 3. Baoding Tianwei Baobian Electric, which saw two consecutive days of gains: The integration of power transformation and transmission equipment business between the weapons and equipment group and China Electric Equipment is still in the planning stage. 4. Zhejiang Dragon Technology, which saw two consecutive days of gains: The PBO unit business is still in the market cultivation period, with revenue accounting for less than 5% in the first half of the year. 5. Sundiro Holding: The safety accident at Well No. 1 of the subsidiary Wugroup Yaxing Branch has led to production stoppage. 6. Pinlive Foods: The company and related personnel have received a warning letter from the Shanghai Securities Regulatory Bureau. 7. Thalys Medical Technology Group Corporation: Received an administrative supervision decision from the Hubei Securities Regulatory Bureau. Unlocking list: In terms of unlocking ratios, China Railway Special Cargo Logistics is expected to have an actual unlocking ratio of 76.5% in the next five days, followed by Sicher Elevator Co., Ltd. and LWGF. Overseas markets: Personal selection of brother reminder: Overnight US stocks fell sharply, with manufacturing data putting pressure on stock indices, the Nasdaq plunging 3% leading the three major indices, Nvidia falling more than 9% with a market value evaporating by 2 trillion overnight. In other markets, COMEX gold futures fell 0.18% to $2523.00 per ounce; light crude oil futures for October delivery on the New York Mercantile Exchange closed at $70.34 per barrel, down 4.36%; November delivery of Brent crude oil futures in London closed at $73.75 per barrel, down 4.86%. This article is reprinted from "Tencent Elite Stock Selection," edited by GMTEight: Jiang Yuanhua.