A-share pre-market broadcast | Middle East situation escalates again! Global assets plunge, Yu Shu races towards A-shares with the first humanoid Siasun Robot & Automation.

Pre-market News 1. Trump issues a 48-hour ultimatum to Iran! Market risk aversion intensifies, global assets plummet Category: Market Sentiment Impact: Neutral Trump has given Iran a 48-hour ultimatum to open the Strait of Hormuz, threatening to destroy its power plants. In response, Iran has proposed 4 measures, including completely closing the Strait of Hormuz and targeting all power plants, energy, and information technology facilities in Israel. In early trading on Monday, global assets plummeted, with Brent crude falling by 0.43% and gold and silver collectively declining. US stock index futures collectively fell, with the South Korean KOSPI index down by 5% and the Nikkei 225 index down by about 4%. 2. A-shares witness the first listing of humanoid Siasun Robot & Automation! Yushu Technology's IPO application accepted Category: Company Sentiment Impact: Positive On March 20, the Shanghai Stock Exchange website showed that Yushu Technology's Sci-Tech Innovation Board IPO has been accepted with a financing amount of 4.202 billion yuan. In recent years, Yushu Technology's operating performance has steadily increased, and by 2025, it had become the world's top in terms of shipments of humanoid Siasun Robot & Automation. The company's prospectus shows that in 2025, the company achieved a net profit after tax of 600.1047 million yuan, an increase of 674.29% year-on-year. 3. PBOC Governor Pan Gongsheng: Using multiple tools to maintain liquidity adequacy Category: Macro Sentiment Impact: Positive On March 22, PBOC Governor Pan Gongsheng stated at the China Development Forum 2026 annual meeting that the People's Bank of China will continue to implement a moderately loose monetary policy. Currently, China's social financing conditions are in a loose state, with rational growth in financial totals. The central bank will comprehensively use various monetary policy tools such as reserve requirement ratio, policy interest rate, and open market operations to maintain adequate liquidity. 4. Huawei releases a new generation of computing power acceleration card with performance nearly 3 times that of H20, supporting FP4 Category: Company Sentiment Impact: Positive At the just-concluded Huawei China Partner Conference 2026, Huawei released and exhibited the AI training inference acceleration card Atlas 350 equipped with the new Ascend 950PR processor. Compared to the previous generation Ascend chip, the Ascend 950PR has seen significant improvements in low-precision data formats, vector computing power, interconnect bandwidth, and self-developed HBM. Sinolink pointed out that the performance and ecological construction of domestic computing power chips have crossed the tipping point from "usable" to "easy to use". Investment Calendar Huawei's Spring Full-scene New Product Launch Conference Investment Tips The road of value investment is not congested at all, because most people simply cannot bear the hardships and loneliness of this process, nor can they resist the temptations of various short-term speculations, leaving us with great opportunities. - Li Lu's "Civilization, Modernization, Value Investment and China" Institutional Views 1. CITIC SEC: Investors need to maintain patience at present, calmly deal with stock price fluctuations, April to May is the decision-making period. 2. Huaxi: Escalation of US-Iran conflict and postponement of overseas rate cuts expectation, global markets are still suppressed by risk aversion in the short term. 3. Orient: Market may worry about global economic downturn, "stagflation" trading heats up, A-shares continue to adjust in the short term. Positive and Negative Prospects 1. Tesla announces the construction of the world's largest chip factory, aiming for an annual capacity of 1 terawatt of computing power, with 80% for space use Category: Hot Market Discussion CITIC SEC: Explosive demand for AI computing power drives the upgrading of optical communication industry, overseas cloud vendors' capital expenditure continues to expand, confirming strong demand for AI infrastructure, upstream manufacturers actively expanding production, and the penetration rate of Silicon-based solutions is expected to increase, easing supply chain bottlenecks. 2. Ministry of Commerce announces 16 measures to promote travel service exports and expand inbound consumption Category: Hot Market Discussion Jianghai Securities: Expectations on the policy end are improving, and the pace of policy implementation is accelerating. The strategic positioning of service consumption is further enhanced, with sufficient development momentum. It is suggested to focus on listed companies in industries such as catering, hotels, and scenic spots. 3. WeChat launches official lobster plug-ins, further landing AI applications Category: Institutional Comment Guosheng: AI Agent enters the scale landing period from pilot, and the explosive penetration of OpenClaw verifies commercial feasibility. The increase in Agent penetration rate and complexity drives a surge in Token consumption, stimulating rigid computing power demand. Announcement Express Slightly Positive Announcements 1. Zhejiang Huaye Plastics Machinery: Plans to invest 1.094 billion yuan to build the second phase project of Muao production base 2. New Hope Dairy: Net profit in 2025 increased by 35.98% year-on-year, and plans to distribute 3.8 yuan per share 3. Xinjiang Xuefeng Sci-Tech: Controlling shareholder plans to increase the company's shares by 150 to 300 million yuan Slightly Negative Announcements 1. Sanan Optoelectronics: Actual controller placed under custody and investigated 2. Wuhan Easy Diagnosis Biomedicine: Stock trading may be subject to delisting risk warning 3. China Petroleum & Chemical Corporation: Net profit in 2025 decreased by 36.8% year-on-year, and proposes to distribute 0.2 yuan per share for the year Overseas Markets On Friday, affected by the Middle East conflict, the three major US stock indexes collectively closed lower, with the Nasdaq falling by over 2%. The "Big Seven" collectively declined, with NVIDIA falling by 3.28%; most popular Chinese concept stocks experienced declines, with Kingsoft Cloud down by 9.11% and XPeng Motors down by 8.36%. This article is reproduced from "Tencent Stock Selection," GMTEight Editor: Xu Wenqiang.