A-share pre-market report | Escalation of Iran conflict! Oil prices soar again, computing power welcomes policy catalysis

Pre-market News 1. Escalation of Iran conflict triggers selling wave! US three major indexes all fell by more than 1.5%, oil prices surged by over 10% Category: Market Sentiment Impact: Negative US stocks fell sharply on Thursday. All three major stock indices fell by over 1.5%, with the Dow falling below 47,000 points, hitting a new low for the year. Iran's continued warnings about closing the Strait of Hormuz and the new supreme leader's first statement dashed hopes for a quick de-escalation of war, exacerbating market inflation concerns and prompting investors to sell stocks in large numbers. By the close, WTI crude oil futures for the month rose by $9.14, an increase of 10.48%. Brent crude oil reached $100 per barrel. 2. Layout in 50 regions! MIIT launches special action for "millisecond computing" in urban areas Category: Industry Sentiment Impact: Positive The MIIT recently issued a notice on organizing the special action for "millisecond computing" in urban areas in 2026. MIIT plans to launch the special action for "millisecond computing" in 50 regions in 2026 to enhance computing efficiency and promote the integration of computing and networks. China International Securities believes that the global trend of AI computing power shifting from training to inference sides, coupled with the deep integration of domestic lightweight models, provides a scalable application space for domestic inference chips. 3. Central Bank: Continue to implement moderately loose monetary policy Category: Macro Sentiment Impact: Positive On March 12, Pan Gongsheng, Governor of the People's Bank of China, chaired an economic and financial expert symposium. Pan Gongsheng stated that in the next stage, the People's Bank of China will build a scientifically sound monetary policy system, continue to implement a moderately loose monetary policy, and increase countercyclical and cross-cycle adjustment efforts to create a suitable monetary and financial environment for the economy to continue to improve and optimize. 4. Cambricon's revenue surged by over 450% last year. "Bull stock" Zhang Jianping holds nearly 7.5 billion in portfolio value Category: Company Sentiment Impact: Positive On March 12, Cambricon announced its annual report for 2025, with operating income of 6.5 billion yuan, a year-on-year increase of 453.2%; net profit attributable to shareholders turned from a loss of 452 million yuan in the same period last year to a profit of 2.06 billion yuan. It is worth noting that its annual report shows that major shareholder Zhang Jianping increased his holdings by 408,400 shares to 6.8149 million shares, accounting for 1.62% of the circulating shares, with a closing price of 1,099 yuan on the 12th. Zhang Jianping's holdings amount to nearly 7.5 billion yuan. Investment Calendar Energy Bureau may release social electricity consumption data Investment Tips The most contrarian action is not resisting the trend, but maintaining independent thinking within the trend. Peter Thiel's "Zero to One" Institutional Views 1. Sinolink: Chinese assets are seen as "HALO assets" by investors due to their high proportion of manufacturing and tangible assets. 2. Galaxy Securities: If the Middle East conflict becomes prolonged, gold, non-dollar currencies, and the Chinese market may receive new premiums. 3. Orient: From a technical perspective, the Shanghai Composite Index may face pressure around 4141 points, but the future market will challenge the area around 4150. Positive and Negative Prospects 1. The purchase limit price for emergency fiber optic cables in Guangdong has seen a significant increase, indicating a clear upward trend in fiber optic cable prices. Galaxy Securities: The increase in AI demand and the slow supply ramp-up driving product gross margin growth and demand increase will open up a new cycle of industry growth for fiber optic cable companies. The industry competition landscape is clear, and the sustainability of fiber optic cable price increases is promising. 2. Samsung is reportedly cooperating with NVIDIA to accelerate the development of the next generation NAND flash memory. CMSC: It is expected that the overall global storage supply will remain tight in 2026 as AI demand growth continues to outpace production capacity expansion. The core recommendation is to focus on storage original manufacturers + storage module/chip companies + storage packaging/testing/assembly. 3. The UK cancels tariffs on wind power components, providing a development opportunity for the industry chain. Sinolink: The UK's zero-tariff policy further highlights the government's development determination, and the long-term logic of offshore wind power continues to strengthen. It is expected that after 2031, annual offshore wind power installed capacity will exceed 15GW, and the surge in installed capacity is expected to be verified at the supply chain order level in 2026. Announcements Positive Announcements 1. Power Construction Corporation of China, Ltd (POWERCHINA) signed a 13.962 billion yuan EPC contract for the Abu Dhabi Solar Storage Project. 2. Wus Printed Circuit: The AI chip supporting high-end PCB project will start trial production in the second half of 2026, with the Thai factory receiving certification from top global clients. 3. Victory Giant Technology: Net profit for 2025 was 4.32 billion yuan, a year-on-year increase of 273.52%, planning to distribute 20 yuan per 10 shares. Negative Announcements 1. Jiangxi Wannianqing Cement Co., Ltd.: Shareholder Hehe Investment plans to reduce its stake by no more than 2.88%. 2. Changjiang Pharmaceutical Group: Received a decision to delist the stock, will enter a delisting period on March 20. 3. ENERGY: Several shareholders have collectively reduced their holdings by 1.1927%. Overseas Markets The escalation of the Iran conflict and Brent oil exceeding 100 dollars have sparked inflation concerns. All three major indexes fell by over 1.5%, with the Dow falling below 47,000 points, hitting a new low for the year. Large tech stocks fell, with Tesla dropping by 3.14%; the Nasdaq Golden Dragon China Index fell by over 1%. This article was reposted from "Tencent Self-Selected Stocks", GMTEight editor: Xu Wenqiang.