Pre-market report on A shares | The computing power welcomes good news! The word element economy symposium is held, and DeepSeek officially announces a permanent price reduction.

Pre-market News 1. Latest developments in the US-Iran agreement! Precious metals rebound across the board, international oil prices sharply drop Type: Market Sentiment impact: Positive Reports suggest that the US and Iran are close to reaching an agreement, including a 60-day ceasefire extension and the reopening of the Strait of Hormuz, allowing Iran to freely sell oil. President Trump stated that the US-Iran agreement has not yet been fully negotiated, but if an agreement is reached, it will be a good and appropriate one. Early this morning, US stock index futures rose across the board, precious metals rebounded, with silver rising more than 4%, and WTI crude oil futures falling more than 5%. 2. Mining power industry chain receives multiple favorable factors! Ciyuan economic forum held, DeepSeek announces permanent price reduction Type: Industry Sentiment impact: Positive The National Bureau of Statistics held a Ciyuan economic forum on the 22nd. Companies such as Tencent, Alibaba Cloud, and Dark Moon expressed opinions and suggestions. The National Bureau of Statistics will include promoting the development of the Ciyuan economy into its work system. Meanwhile, DeepSeek recently announced that the DeepSeek-V4-Pro API will permanently reduce prices by 25%. It is reported that DeepSeek is advancing a 70 billion RMB financing. Brokerages point out that DeepSeek is expected to drive the demand for AI large models and domestic mining power industry chains. 3. CSRC and 8 other departments crack down on illegal cross-border business, Tiger Brokers, Futu, and Changqiao under investigation Type: Market Sentiment impact: Positive On May 22, the CSRC and eight other departments issued the "Comprehensive Plan for Cracking Down on Illegal Cross-border Securities Futures Fund Operations." At the same time, Tiger Brokers, Futu Securities, and Changqiao Securities were investigated and notified of administrative penalties for illegal securities business operations within the country. From the market performance perspective, Chinese concept stocks were under pressure last Friday but showed differentiation. Analysts believe that the transition from limiting incremental expansion to rectifying existing problems also indicates the end of the "gray era" of overseas securities firms operating without licenses inside the country. 4. The central bank will conduct a 600 billion yuan MLF operation today, experts predict that liquidity will remain reasonably abundant in June Type: Macro Sentiment impact: Positive The central bank announced that in order to maintain the liquidity of the banking system, it will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation on May 25, 2026, through fixed quantity, rate bidding, and multiple price bidding, with a term of 1 year. Analysts believe that in the background of recent continuous reductions in various open market operations by the central bank, the increase in MLF in May exceeds market expectations. It is expected that liquidity will remain reasonably abundant in June. Investment Calendar International Energy Storage Battery Conference Investment Tips Investment Tips: It is better to be a big fish in a small pond than a bigger fish in a big pond. The key is the relative scale of the company, not its absolute size. Book: Pat Dorsey's "The Little Book That Builds Wealth" Institutional Views 1. CITIC SEC: The market basically prices the US-Iran agreement as a benchmark scenario, and the allocation logic is a reassessment of the pricing power of manufacturing. 2. Huaxi: Looking at it from the micro-liquidity, global industry trends, and stable policy expectations, the market bottom has solid support. 3. Founder: Recently, funds have noticeably switched within the technology sector from high to low. The operation should focus on the mainline and buy low and sell high. Upcoming Positive and Negative News 1. SpaceX's Starship V3 maiden flight successful, accelerating the era of low-cost and high-frequency access to space Type: Market hot topic Huaxi: The successful launch of Starship V3 means that the super heavy lift and low-cost orbital path have been verified, and the global commercial aerospace industry is entering the "accelerated maturity phase of heavy lift vehicle systems," accelerating the era of low-cost, high-frequency access to space. 2. Most parts of the country may have higher temperatures this summer, with the expected national peak electricity demand significantly increasing Type: Institutional hot comment Huatai: Optimistic about the acceleration of the construction of a unified national electricity market, during the "15th Five-Year Plan" period, power grid investment will maintain a steady growth trend, and the demand for ultra-high voltage construction is at a high level, and the main network investment is expected to continue to grow rapidly. 3. Mining power giant Super Fusion IPO accepted, with an expected financing amount of 8 billion yuan Type: Market hot topic Huayuan Securities: The domestic AI large model is entering an accelerated development period, which may bring about an increase in the market space and penetration rate of domestic computing power, and continued optimism for the high prosperity of the domestic computing power sector. Suggestions include focusing on domestic chip manufacturers, CPUs, ODM manufacturers, IDC, etc. Announcement Updates Positive and Negative Announcements 1. Dajin Heavy Industry: Signs a $156 million shipbuilding contract 2. Chongqing Zhengchuan Pharmaceutical Packaging: Controlling shareholder agreement to transfer 10% of shares 3. Hangzhou Bio-Sincerity Pharma-Tech: Controlling shareholder plans for a change in control, stock trading suspended 1. Boe Technology Group: Stock price fluctuations for two days, no business cooperation with Nvidia yet 2. Jiangsu HHCK Advanced Materials: Tianshui Huatian Technology intends to reduce its shareholding by not more than 2.4% 3. Xinjiang Zhundong Petroleum Technology: The company and its subsidiaries have no oil and gas production business or overseas business Overseas Markets Self-selected brother reminder: Owing to the impact of the decline in US bond yields, the three major US stock indices rose for three consecutive days last Friday, with the Dow hitting a new historical high. On the market, quantum computing concept stocks were strong, and the Philadelphia Semiconductor Index broke the closing record of May 11; Apple rose 1.26% and continued to set new highs. Most popular Chinese concept stocks fell, with Futu Holdings down 27.53%. This article is reprinted from "Tencent Self-selected Stocks", edited by Jiang Yuanhua for GMTEight.