A-share pre-market report | Trump talks with Russia and Ukraine presidents on the phone; OpenAI makes a big move, will launch GPT-5.

Pre-market News 1. Trump has spoken with Putin and Zelensky, stating that Ukraine joining NATO is unrealistic Type: Macro Emotion Impact: Positive Trump spoke with Putin, expressing a desire to end the conflict between Russia and Ukraine and agreeing to cooperate closely, including visiting each other's countries. Zelensky also spoke with Trump, discussing the possibility of achieving peace. Trump also stated that he has not committed to visiting Ukraine and believes that Ukraine joining NATO is unrealistic. 2. OpenAI cancels independent release of the o3 model, will launch GPT-5 integrating multiple technologies in the coming months Type: Industry Emotion Impact: Positive OpenAI announced the upcoming release of a model called GPT-5, integrating a variety of OpenAI technologies including o3. Prior to the launch of GPT-5, OpenAI plans to release the GPT-4.5 model, codenamed "Orion," in the coming weeks. 3. Will the new housing provident fund policy in Shenzhen be implemented soon? Official response: Currently under regulatory review Type: Industry Emotion Impact: Positive Many homebuyers are still anticipating more new real estate policies. Recently, news of a new housing provident fund policy in the Shenzhen market has emerged. When asked for confirmation, the Shenzhen Housing Provident Fund Center responded that the policy is currently under regulatory review. 4. US January CPI inflation exceeds expectations across the board, institutions predict hopes of a Fed rate cut this year are almost shattered Type: Macro Emotion Impact: Neutral US January CPI inflation exceeded expectations, with the unadjusted CPI annual rate at 3% and core CPI rising 3.3% year-on-year, both higher than market expectations. Some institutions have expressed doubts about whether the Fed will cut rates in the second half of this year, and the next move may even be a rate hike, as inflation has brought all options back to the table. Investment Calendar Nezha 2 will be released in theaters globally today. Investment Tips Investment Tip: Investors' biggest problem is often not the market, but themselves. Emotional decision-making often leads to failure. From Peter Lynch's "One Up On Wall Street." Editor's Point of View Editor's Point of View: The A-share market surged at the close yesterday, with strong performances in the brokerage and real estate sectors; EB SECURITIES believes that positive policy and funding expectations point to the likelihood of the spring market continuing. Institutional Views 1. Huaan: Market risk appetite significantly improves, high-growth technology is gaining momentum, and infrastructure opportunities are emerging. 2. EB SECURITIES: Both policy and funding expectations are positive, the spring market is likely to continue, focusing on computing power infrastructure. 3. Orient Securities: Market rotation is healthy, volume support is also benign, and it is expected that the Shanghai Composite Index will test 3400 points. Positive and Negative Expectations 1. Many regions recently held New Year's meetings, setting clear goals for the real estate and construction industries Type: Policy Focus Haitong: With a low market base (significant risk release in the previous period) and multiple policy stimuli, real estate sales have reached the bottom area. Industry supply and demand balance may gradually start from 2025. First-tier cities have the ability to turn around. 2. US stock billionaire Junye Intelligent surged over 20%! The company's aircraft has completed over 60,000 safe flights Type: Market Hot Topic Shanxi: By 2023, China's low-altitude economy has surpassed 500 billion RMB. Market size is expected to reach 1.5 trillion RMB by 2025, and 3.5 trillion RMB by 2035, with huge market potential and broad development space. 3. China's All-Solid-State Battery Innovation Development Forum will be held, several car companies have announced solid-state battery plans Type: Market Hot Topic CITIC SEC: Key penetration areas for solid-state batteries include high-end power batteries, consumer batteries, eVTOL batteries, etc. The investment amount for domestic solid-state battery equipment is expected to reach nearly 20 billion RMB by 2030. Focus on full-line equipment suppliers and core equipment suppliers. Announcement Express Slightly Positive Announcements 1. Wuxi Huaguang Environment & Energy Group: Signed a 6.22 billion yuan project construction general contract 2. National Silicon Industry Group: Signed a 10.54 billion yuan electronic-grade polysilicon procurement framework contract 3. Fulin Precision: Plans to invest 1.1 billion yuan in the construction of the Siasun Robot & Automation intelligent electric joint module R&D and production base project Slightly Negative Announcements 1. MeiG Smart Technology: The company has no business dealings or equity relations with DeepSeek development company 2. Zhejiang Daily Digital Culture Group: There is no direct or indirec