Pre-market report on A shares | Trump says Iran agrees to comprehensive ceasefire, Tesla, Inc. (TSLA.US) self-driving rental car hits the road.

Pre-market briefing 1. Trump claims that Israel and Iran have agreed to a comprehensive ceasefire, international oil prices fall, and US stock futures rise Type: Macro Sentiment impact: Positive US President Trump announced that Israel and Iran have reached a full agreement and will achieve a comprehensive ceasefire. A senior Iranian official confirmed that Iran has accepted Qatar's mediation and the ceasefire proposal with Israel proposed by the United States. Overnight international oil prices plummeted by 9%, dropping over 3% in early trading today, and US stock index futures continued to rebound. 2. Tesla's driverless taxi in the US state of Texas hits the road, with the stock price recording the largest single-day increase in about 2 months Type: Company Sentiment impact: Positive Most large tech stocks in the US rose overnight, with Tesla soaring over 8%, marking its largest single-day increase since April 28. On the news front, about 10 driverless taxis developed by Tesla appeared in a designated area in the capital of Texas, Austin, providing transportation services to some invited users at a fixed fare of $4.2 per trip. 3. Nine departments issue a plan for high-quality development of the gold industry, with a target of increasing resource reserves by 5% to 10% by 2027 Type: Industry Sentiment impact: Positive Nine departments, including the Ministry of Industry and Information Technology, issued the "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)". The plan aims to significantly increase the capacity of gold resources and innovate the industry chain by 2027. In terms of resource assurance, gold resource reserves are expected to grow by 5%-10%, and gold and silver production by over 5%. 4. Crazy rush to install: New installed capacity of over 90GW in the photovoltaic industry in May breaks new records, a surge of 388% compared to the same period last year Type: Industry Sentiment impact: Neutral From January to May 2025, the new installed capacity of domestic CECEP Solar Energy electricity generation (i.e., photovoltaic power generation) reached 197.85GW, an increase of nearly 150% year-on-year. The new installed capacity in May reached 92.92GW, a surge of 388.03% compared to the same period in 2024. Analysts believe that the installation rush at the end of the second quarter has largely consumed the market demand for the second half of the year, leading to significant overall pressure on the demand side in the second half of the year. Investment calendar The Summer Davos Forum opens today Investment Tips Investment Tip: If you want to find evidence of a moat in a company's financial statements, then one thing is clear, the higher the gross profit margin relative to competitors, the better. - Christopher, "How to Find Stocks with 100x Returns" Institutional views 1. Cinda: During the quarterly report period in July, the market style is prone to short-term high and low swings, and banks can continue to be overweight in the financial cycle. 2. Zheshang: The market is expected to continue its volatile trend in the near term, with the overall trend still good, focusing on the movements of the brokerage index. 3. Orient: As the mid-year report preview season approaches, market focus may gradually return to earnings dominance, with growth sectors having a short-term advantage. Positive and Negative Outlook 1. Congo extends cobalt ban for three months, global cobalt prices may usher in a new round of gains Type: Market hot topic Guosen: From an annual perspective, we are optimistic about the cobalt price, with domestic cobalt prices expected to return to above 250,000 yuan/ton. In the long term, Congo may implement export quotas for cobalt to enhance pricing power, and the central price of cobalt is expected to rise. 2. Guangzhou: By 2027, the proportion of new L2 and above level intelligent networked vehicles is expected to exceed 90% Type: Policy focus Lian Fed Securities: The entire automotive industry is further focusing on intelligence and networking. The scale of related industry chains is expected to expand further, and related sectors and stocks are expected to see rapid growth in EPS, with intelligent automobile sectors expected to see a "Davis double-click" in 2025. 3. Losing weight without losing muscle! Lilly's new drug combination with Wegovy achieves surprising trial results Type: Market hot topic Jianghai Securities: The GLP-1 class weight loss drug market in China is expected to see growth in 2025, with a market size projected to exceed 15 billion yuan, and penetration rates expected to increase from less than 5% in 2023 to 18%-20%. This growth is jointly driven by the expansion of the obese population, policy support, and technological iteration. Announcement Express Slightly positive announcements: 1. Inspur Electronic Information Industry: Plans to repurchase company shares for 200 million to 300 million yuan 2. Jinko Solar: The company's 182N high-efficiency monocrystalline silicon solar cell and N-type TOPCon high-efficiency photovoltaic module conversion efficiency have been certified by third parties 3. Hunan Huasheng: Plans to purchase 100% of Yixin Technology's shares, stock to resume trading Slightly negative announcements: 1. Nuode New Materials: The revenue from the application of copper foil business in the solid-state battery field accounts for less than 1% of the company's total operating income 2. Anhui Greatwall Military Industry: The company's stock has seen a significant increase in the short term, investors are reminded to pay attention to investment risks 3. Suzhou Xingye Materials Technology: The phenolic resin for semiconductor photolithography is currently only in the sampling testing stage Overseas Markets Self-selected Brother's Tip: With signs of easing tensions in the Middle East, the three major US stock indexes closed higher, with most large tech stocks rising, Tesla rising by over 8%, and most popular Chinese stocks also rising, with Sohu up by nearly 10%. This article is reprinted from "Tencent Zixuangu", GMTEight editor: Li Fo.