Pre-market report on A shares | Alert on US-Europe tariffs lifted! Global assets collectively surged, with Chinese concept stocks index rising by more than 2%

Pre-market news 1. Trump cancels tariffs on Europe, global assets collectively surge, Chinese concept stocks index rises by over 2% Type: Market Sentiment impact: Positive Trump has cancelled new tariffs on Europe and announced that a framework agreement has been reached on Greenland and even the entire Arctic region. The three major US stock indices rose by over 1%. Several storage concept stocks reached new highs, with Sandisk rising by over 10%. The Nasdaq China Golden Dragon Index rose by 2.21%. The stock markets in Japan and South Korea opened collectively higher on Thursday, while European major stock index futures increased. The momentum of gold's rise cooled down, with spot gold falling by 1% intraday and spot silver falling by over 2%. 2. Central Bank: Accelerate the construction of RMB cross-border payment system and promote cross-border payment interconnection Type: Industry Sentiment impact: Positive On January 15, 2026, the People's Bank of China held a payment and settlement work meeting for the year 2026. The meeting emphasized the need to accelerate the construction of RMB cross-border payment system, promote cross-border payment interconnection, and advance the diversified and multi-level development of the cross-border payment system. It also called for strict implementation of penetrating supervision of payment institutions and functional supervision of payment businesses to ensure a compliant and sustainable industry ecosystem. 3. Ministry of Finance and four other departments: One duty-free shop to be set up at each of the 41 ports Type: Industry Sentiment impact: Positive In order to support and boost consumption, the Ministry of Finance and four other departments recently jointly released a notice to establish and continue duty-free shops at multiple ports nationwide. One duty-free shop will be set up at each of the 41 ports including Wuhan Tianhe International Airport. This establishment and adjustment of duty-free shops aims to further facilitate duty-free shopping for inbound travelers and fully leverage the role of duty-free shops in boosting consumption. 4. Several companies see substantial growth in performance or turnaround, with AI and consumer electronics companies performing outstandingly Type: Company Sentiment impact: Positive The explosive demand for AI has driven the growth of a group of listed companies in the industry chain. Leading storage chip company Shenzhen Techwinsemi Technology is expected to achieve operating income of 10.3 billion to 11.3 billion yuan in 2025, with a year-on-year growth of 115.82% to 136.77%; core optical module supplier Suzhou TFC Optical Communication expects a net profit growth of 40% to 60% in 2025. At the same time, the consumer electronics market demand is picking up, with upstream material companies such as Goldenmax International and smart manufacturing supplier Kunshan TopA Intelligent Equipment performing well. Investment Calendar State Council Information Office holds a press conference on rural revitalization Investment Tips Investment Tip: Buying at a good price is akin to having sold half already, which is the key to successful business. "Goldman Empire" by Charles Ellis Institutional Viewpoints 1. Huaxi: The market is evolving towards a healthy slow bull trend, focusing on the diffusion of the technology industry market and high growth expectations of earnings forecasts. 2. CMSC: The A-share market may turn into a volatile trend in the future, with increasing speculation around earnings, and optimism on the growth of the general market, etc. 3. Orient: The stock indices are expected to rebound significantly after the Spring Festival, with several sub-sectors in the technology field maintaining a high momentum. Positive and negative outlook 1. Cold wave drives surge in heating demand, US natural gas futures surge by nearly 60% in two days Type: Institutional Commentary Guosen: Natural gas is becoming an increasingly important winter energy source, and also one of the most certain primary energy varieties in the next 10 years. As the supply-demand relationship gradually improves, the importance of gas production growth to earnings expectations will continue to rise. 2. Musk reportedly hopes to IPO SpaceX before July and strive to be the first to achieve data center in space Type: Market discussion Huaxi: The characteristics of low-cost, wide resources, and large space in space computing power have found a stable and long-term profit model for commercial spaceflight. In the future, with the advancement of networking plans, a global coverage of space computing power network will be formed. 3. Guangdong: Promoting the application of large-scale automatic driving models Type: Policy Focus Huatai: 2026 is a crucial year for the global industrialization of L4-level automatic driving. The clear federal legislative framework in the United States, coupled with the landing of China's L3 pilot and the acceleration of L4 commercialization, are advised to focus on the core targets of the automatic driving industry chain. Announcement Express Positive announcements 1. Goldenmax International: Estimated net profit of 280-360 million yuan in 2025, a year-on-year growth of 655.53%-871.40% 2. Dajin Heavy Industry: Estimated net profit of 1.05-1.20 billion yuan in 2025, a year-on-year growth of 121.58%-153.23% 3. Nanchang Mineral Systems: Signed a 296 million yuan equipment purchase and sale contract Negative announcements 1. MOL Line: Expected net loss of 950 million to 1.06 billion yuan in 2025 2. Jinko Solar: Expected net loss of 5.9-6.9 billion yuan in 2025 3. Yongan Futures: Shareholder Zhejiang Orient Financial Holdings Group intends to reduce its holdings by not more than 3% Overseas Markets Self-selected brother reminder: Trump cancels tariffs on Europe, the three major US stock indices close higher, major tech stocks rose, storage concept stocks strengthened, and Sandisk rose by over 10%; popular Chinese concept stocks mostly rose, with the Nasdaq China Golden Dragon Index closing up by over 2%. This article is a reprint from "Tencent Stock Selection", GMTEight Editor: Feng Qiuyi.