A-share evening hot spots | Six departments issue heavyweight documents related to promoting consumption

1. Related to promoting consumption, six departments jointly released a heavy-hitting announcement! Promoting the application of artificial intelligence in the entire consumer goods industry in all areas and throughout the entire process. Importance: The Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Commerce, the Ministry of Culture and Tourism, the People's Bank of China, and the State Administration for Market Regulation issued the "Implementation Plan for Enhancing Consumer Goods Supply and Demand Adaptability and Further Promoting Consumption." The plan points out that by 2027, the structure of consumer goods supply will be significantly optimized, forming three trillion-yuan level consumer sectors and ten hundred-billion-yuan hotspots, creating a number of high-quality consumer goods with rich cultural connotations and global reputation. By 2030, a pattern of high-quality development with mutual interaction and promotion between supply and consumption will be basically formed, steadily increasing the contribution rate of consumption to economic growth. The plan mentions the orderly development of new formats such as live-streaming e-commerce, instant retail, curated retail, and circular e-commerce. It encourages platform companies to lawfully and compliantly use artificial intelligence technology to explore user demands, match and recommend products and services. Review: The six departments joining forces have ignited a new engine for consumption! The blueprint of three trillion-yuan level tracks and ten hundred-billion-yuan hotspots allows live-streaming e-commerce and AI recommendation to take the lead. This policy package clearly arranges the upgrade of consumptionfrom intelligent recommendation to instant retail, the vast ocean of the consumer sector has set sail for the next five years. 2. Is Google supplying? Zhongji Innolight's stock price hits record high, company responds Importance: On November 26, Zhongji Innolight surged over 13% to a record high, with a trading volume of 32.98 billion yuan, ranking first in A-shares, and a total market value exceeding 600 billion yuan, with a year-to-date increase of over 342%. On the market, the CPO sector collectively rose, with "Yi Zhongtian" leading the way. The recent strong performance of the CPO sector may be related to overseas mining pool advantages. According to reports, Meta plans to lease TPU computing power from Google Cloud starting in 2026 and deploy Google TPU in its own data centers by 2027, with transaction scale potentially reaching billions of dollars. Market rumors suggest that Zhongji Innolight is a supplier of Google's optical modules. Personnel from Zhongji Innolight stated that the company's recent stock price increase is influenced by a combination of factors, and specific cooperation details, including orders, cannot be disclosed at the moment. 3. Good news! Guangdong releases major announcement to support industrial chain integration and mergers Importance: The "Guangdong Province Action Plan for Financial Support for Enterprises to Carry Out Industrial Chain Integration and Mergers" was recently issued. It mentions exploring the inclusion of mergers, reorganizations, and asset revitalization in the assessment system for state-owned enterprises. It aims to promote listed state-owned enterprises to flexibly utilize targeted share issuance, special convertible bonds, merger loans, and other financing tools, make good use of the supporting system for raising funds through registered share issuance, actively carry out industrial chain integration and mergers in advantageous areas, and make the industries stronger, better, and bigger. The plan also mentions supporting technology companies that break through key core technologies to list on the ChiNext and the Science and Technology Innovation Board. It also supports other eligible companies to actively go public for financing and supports Hong Kong-listed companies in the Guangdong-Hong Kong-Macao Greater Bay Area to list on the Shenzhen Stock Exchange, expanding corporate financing channels. 4. Foxconn Industrial Internet: Adjusts the maximum repurchase price limit to no more than 75 yuan per share Importance: On November 26, Foxconn Industrial Internet announced an adjustment of the maximum repurchase price limit to not exceed 75.00 yuan per share, which is not higher than 150% of the average trading price of the company's stock in the 30 trading days before the board's resolution. The company has repurchased a total of 7,697,400 shares, totaling 147,089,384.00 yuan in funds used. This adjustment is aimed at ensuring the smooth implementation of the share repurchase plan, in compliance with relevant laws and regulations, and will not have a significant adverse impact on the company's operations. Previously, potentially influenced by market rumors, the company's stock price experienced a cumulative decline of over 15% in the two trading days from November 21 to 24. Review: Amid the wave of AI computing power, Foxconn Industrial Internet continues to enhance intelligent manufacturing. By actively optimizing the repurchase plan, it has given a strong endorsement of its global leading position and growth potential, injecting a "tonic" into the stock price. 5. Did China ask the US to convey some information to Japan? Ministry of Foreign Affairs responds Importance: At the routine press conference on November 26, a foreign journalist asked: Given that the call between US and Japanese leaders took place after the call between Chinese and US leaders, did China ask the US to convey some information to Japan during the call? Spokesperson Ma Ning from the Ministry of Foreign Affairs responded to this by saying that regarding the situation of the call between the Chinese and US presidents, China has already released information which can be referenced, and she does not have any more information to provide. 6. JPMorgan joins the camp bullish on US stocks, raises S&P 500 target to 7500 points for next year Importance: JPMorgan strategists have joined the growing bullish camp on Wall Street, predicting that the S&P 500 index will rise to 7500 points by the end of 2026, marking a significant shift in the bank's cautious stance on US stocks in recent years. Strong corporate earnings are the core support for JPMorgan's bullish outlook. The bank's strategists expect robust earnings growth of 13% to 15% in the next two years at least. 7. Why did government bond futures experience a sharp decline? What impact does it have on A-shares? Institutions provide insights Importance: On November 26, government bond futures closed with a significant decline across the board, with the 30-year main contract falling by 0.86%, the 10-year main contract by 0.36%, the 5-year main contract by 0.22%, and the 2-year main contract by 0.05%. Regarding the reasons for the sharp decline in the bond market, some market participants point out that it may be caused by a combination of factors such as the "global risk-off warming, significant events failing to materialize, thematic exhaustion, profit-taking by trading volume grabbing, and fears of redemptions shrinking volumes." Generally, there is a seesaw effect between stocks and bonds, and bond adjustments may present opportunities for the stock market. However, this logic did not materialize this time. Guosheng analysis suggests that this is mainly due to the continued lack of willingness and capacity for non-banks to increase allocations in the current environment. Through the market's focus on investment opportunities, storage chips are receiving renewed attention. 1. AI applications drive demand for storage chips, with industry veterans suggesting that the sector's prosperity may continue until mid-next year. With the surge in AI applications such as Google Gemini 3.0, Alibaba's Qianwen, Lingguang, and others, investors worldwide are regaining confidence in AI. As one of the most important materials for AI infrastructure, storage chips are once again favored by investors. Looking ahead to the fourth quarter of this year and next year, how much more room is there for storage chip prices to rise? "Compared to prices in September, we believe there is at least a 50% upside potential." Optimistic remarks were made by a representative from a domestic storage chip manufacturer. It is widely believed in the industry that there is still significant room for storage chip price increases, and this trend is expected to continue until at least mid-next year, with the subsequent price increase of DDR5 expected to be more significant; as international storage giants continue to raise product prices, domestic storage manufacturers are following suit. In addition, the following sectors are also worth paying attention to: 2. Copper| Chilean copper mines significantly increase prices, coupled with a weakening US dollar, copper prices continue to rise. 3. Influenza Concept| Peak season for influenza is approaching! Demand for antiviral drugs is surging. 4. Russia-Ukraine Reconstruction| Trump: Russia-Ukraine peace agreement is "very close to being reached." Regarding positive announcements, keep an eye on Foxconn Industrial Internet's adjustment to the repurchase share price limit; for negative announcements, pay attention to Suzhou Everbright Photonics warning of trading risks. Positive Announcements: 1. Foxconn Industrial Internet: Adjusts the repurchase share price limit from not exceeding 19.36 yuan per share to not exceeding 75 yuan per share 2. YD Electronic Technology: Plans to invest 61.2 million yuan to acquire 51% equity of Shenzhen Guandong to further expand product and business lines in fields such as AI server liquid cooling 3. China Railway Materials: One of the controlling shareholders intends to increase holdings of company shares by 65 to 130 million yuan 4. Tianshan Aluminum Group: The first batch of electrolytic cells for the green, low-carbon, and energy-efficient upgrade project of 1.4 million tons of aluminum have been put into operation 5. Jilin Oled Material Tech: Plans to raise funds of no more than 300 million yuan through private placement to be used for the OLED display core material PSPI material production base project, among others Negative Announcements: 1. Two consecutive limit-ups for Suzhou Everbright Photonics: Uncertainty exists about the contribution of several optical communication chips to this year's sales and profits 2. Five consecutive limit-ups for Fujian Start Group: The company currently has not engaged in business cooperation with Alibaba Cloud 3. Guangdong Meiyan Jixiang Hydropower: Despite having their mineral resource evaluation application accepted, there are still uncertainties and risks 4. Two consecutive limit-ups for Jiangsu Gdk Biological Technology: No issuance of quadrivalent influenza virus split vaccines within this year 5. Pinming Technology: If the company's stock continues to experience abnormal fluctuations, the company may apply for a trading suspension for investigation in accordance with relevant rules. This article was translated from "Tencent Self-selected Stocks" by GMTEight, edited by Li Fo. Please note that the original text contained investment advice, market analysis, and company-specific information which have been translated for informational purposes only.