A-share Pre-market Report | State Council issued a document! Mentioning artificial intelligence and unmanned system construction

Pre-market news 1. State issued document! Strengthen research and development of artificial intelligence technology, promote the construction of unmanned systems in the sea, land, and air space Type: Industry Sentiment impact: Positive The State Council General Office issued the "Implementation Opinions on Accelerating Scenario Cultivation and Openly Promoting the Large-scale Application of New Scenarios." It emphasizes strengthening the key core technology research and development and application promotion of artificial intelligence, accelerating the cultivation and opening of high-value application scenarios. Promote the application and standard construction of unmanned systems in the sea, land, and air space, and encourage the creation of application scenarios covering the entire space such as tourism, government affairs, logistics, and satellite services. 2. Increase of up to 50%! Leading flash memory latest contract price surge, leading module factories suspend shipments and reevaluate quotes Type: Industry Sentiment impact: Positive Leading flash memory company SanDisk significantly raised the NAND flash memory contract prices in November, with an increase of up to 50%. This price hike has shaken the entire storage supply chain, leading to module factories such as GigJet, Yidong International, and Yuzhan Technology deciding to suspend shipments and reevaluate quotes. Industry insiders say that the current shortage of storage is driven by AI demand, and the shortage situation is the most severe in 30 years. 3. Ministry of Commerce responds to ASML Semiconductor issue: China agrees to the Dutch Ministry of Economy's request to send representatives for consultations Type: Industry Sentiment impact: Positive The Ministry of Commerce spokesperson stated that China announced on November 1 that certain relevant exports would be exempted, and the source of the current global semiconductor supply chain chaos lies with the Dutch side. China hopes that the Dutch side's statement will not only remain verbal but will quickly propose constructive solutions and take practical actions. China agrees to the request of the Dutch Ministry of Economy to send representatives for consultations. 4. October CPI year-on-year increase, PPI first monthly increase of the year! Institutions predict that future CPI is expected to rise moderately Type: Macro Sentiment impact: Positive Data released by the National Bureau of Statistics shows that the CPI rose by 0.2% month-on-month and 0.2% year-on-year in October. The PPI, which was flat last month, rose by 0.1%, marking the first increase of the year. Analysis suggests that current price data shows comprehensive improvement, with domestic consumption demand, especially in service consumption, showing a strong recovery momentum. Over the next quarter, CPI is expected to continue to rise moderately year-on-year, and the year-on-year decline in PPI is expected to further narrow. Investment Calendar 2025 China Siasun Robot & Automation Industry Development Conference Investment Tips Investment Tip: Investment is based on value-oriented rational decisions, while speculation is based on price gambling. Investors should focus on the intrinsic value of companies rather than short-term price fluctuations. [Seth Klarman's "Margin of Safety"] Institutional Perspectives 1. CITIC SEC: Amid market volatility, do not deliberately avoid the AI narrative, and it's recommended to moderately allocate positions in chemical industry, non-ferrous, and other sectors. 2. CMSC: The market's price increase trend benefits from next year's favorable cyclical rush, and it may be considered to lay out positions in the cyclical direction. 3. Industrial: The repair of October CPI, PPI validates economic improvement, and it's important to pay attention to opportunities in cyclical sectors like steel and chemicals. Positive and Negative Prospects 1. Publication of the "White Paper on China's Action on Peak Carbon and Carbon Neutrality," promoting the construction of a new energy system Type: Policy focus Soochow: The gradual introduction of national content compensation electricity prices, exceeding expected demand for large-scale storage, supply shortages are expected to grow by 40-50% next year, surpassing expected installations after the Great Beautiful Law in the United States this year, combined with the outbreak of data center energy storage, are expected to outperform expectations in the coming years. 2. Strategic cooperation between two central enterprises! Mutual shareholding among subsidiary companies, involving two A-share companies Type: Market hot topic Huachun Securities: China Electronics is the main force of military electronic industry in China, a national team in internet affairs, and a national strategic technological force. With the deepening of state-owned enterprise reform, the reform of China Electronics is expected to further deepen, and its important listed company platforms are expected to usher in investment opportunities. 3. Goldman Sachs has conducted research on the supply chains of Siasun Robot & Automation companies such as Sanhua, and core suppliers have entered the rush stage Type: Institutional hot comment Guotai Haitong: The humanoid Robot & Automation industry has entered the second stage. For hardware-oriented companies, two key points to focus on are, firstly, the manufacturing capacity for mass production, whether they can swiftly transition from small-batch manual production lines to large-scale mass production, and secondly, the ability to continuously iterate and reduce costs. Announcements Slightly positive announcements 1. Industrial Bank: Wholly-owned subsidiary Xingyin Financial Asset Investment Co., Ltd. approved for establishment 2. Hunan Aerospace Huanyu Communication Technology: Controlling subsidiary Hunan Feiyu wins a project worth 2.46 billion yuan 3. Huadian Heavy Industries: Jointly signed a contract for a offshore wind power project worth approximately 3.415 billion yuan Slightly negative announcements 1. Beijing Jingneng Thermal: Shareholder Zhao Yibo plans to reduce his holding of company shares by no more than 3% 2. Silkroad Visual Technology: Director Wang Junping plans to reduce his holding of company shares by no more than 0.056% 3. Beijing Relpow Technology: Shareholder plans to reduce his holding of company shares by no more than 0.65% Overseas Markets Self-selected Brother's Tip: Last Friday, signs of easing emerged in the US government shutdown situation, with the three major stock indices making a V-shaped reversal. However, the Nasdaq still saw its largest weekly decline since April, and Nvidia fell nearly 5% at one point, only to barely rebound near the close. This article is reprinted from Tencent Self-selected Stocks, edited by GMTEight: Chen Wenfang.