A-share Evening Hotspots | Yushu Technology's Sci-Tech Innovation Board IPO will be reviewed on June 1, and multiple stock announcements suggest risks.

1. Yushu Technology's Sci-Tech Innovation Board IPO will be reviewed on June 1st, with plans to raise approximately 4.2 billion yuan. Importance: Just over two months after accepting the IPO, Yushu Technology Co., Ltd. will face the review on June 1st, bringing the company closer to becoming the first stock of humanoid Siasun Robot & Automation on the A-Share market. On the evening of May 25th, the official website of the Shanghai Stock Exchange showed that the Listing Committee will hold the 31st meeting of the 2026 Listing Committee on June 1, 2026, to review the listing of Yushu Technology. Yushu Technology is a high-performance general Siasun Robot & Automation company, focusing on the research, production, and sales of high-performance general humanoid Siasun Robot & Automation, quadruped Siasun Robot & Automation, Siasun Robot & Automation components, and embodied intelligent models. The company's IPO was accepted on March 20th this year, with a planned fundraising of 42.02 billion yuan. It is worth mentioning that Yushu Technology is the second IPO after the trial review mechanism of the Sci-Tech Innovation Board, while Changxin Technology is the first to be launched on May 27th. 2. High-level warning! Multiple bullish stocks announce risk warnings. Importance: On the evening of the 25th, Grace Fabric Technology, Suzhou Gyz Electronic Technology, Beijing Jingneng Power, Sinomag Technology, Sf Diamond Co., Ltd., Avary Holding, and other bullish stocks issued announcements regarding price fluctuations. Among them, Grace Fabric Technology and Beijing Jingneng Power both stated that there may be irrational speculation risks in their stock prices. Suzhou Gyz Electronic Technology stated that its MLCC products are mainly used in the consumer electronics field and have not yet been used in AI computing servers. Grace Fabric Technology hit the limit up again on the 25th. Since May 29th last year, the company's stock price has risen more than 15 times. 3. People's Daily: Semiconductors embrace the " Law", China's definition will rewrite the world. Importance: On May 25th, the People's Daily's "People's Sharp Comment" WeChat account published an article stating that today, China has, for the first time, put forward new principles to guide the development of the semiconductor industry globally. Huawei officially proposed the " Law", suggesting replacing "geometric scaling" with "time scaling" and achieving continuous evolution of semiconductors and electronic systems through innovative technologies, such as logic folding. Additionally, with the mass production of 381 chips, Huawei has demonstrated the feasibility, effectiveness, and commercial prospects of this law. This is not just the announcement of a technological law; it is an assertion of the industrial development path, providing multiple indications for China's construction of a technological power and achieving technological self-reliance and strength. Rather than being locked into path dependency, it is better to blaze a new trail towards "Mount Everest." 4. Qatar Media: Strait of Hormuz to be opened in phases. According to Qatar's Al Jazeera TV on the 25th, an Iranian official stated that the Strait of Hormuz will be opened in phases. Additionally, according to Iranian media on the 25th, Iranian Foreign Ministry spokesperson Baghaei stated that Iran will charge "navigation service fees" for ships passing through the Strait of Hormuz, not "passage fees." 5. During the "Thirteenth Five-Year Plan" period, China's investment in new power grids is expected to exceed 5 trillion yuan. According to Xinhua News Agency on the 25th, during the "Thirteenth Five-Year Plan" period, China's investment in new power grids is expected to exceed 5 trillion yuan. At present, China has built a large-scale, safe, and technologically advanced national interconnected power grid, effectively guaranteeing an annual electricity consumption of over 10 trillion kilowatt-hours nationwide and supporting the integration of over 18 million kilowatts of new energy. 6. Two departments: The target price of cotton in Xinjiang from 2026 to 2028 will be 18,600 yuan per ton. The National Development and Reform Commission and the Ministry of Finance issued a notice regarding the cotton target price policy from 2026 to 2028. According to the notice, based on the principle of production cost plus reasonable profit, considering factors such as the development needs of the cotton industry, market supply and demand, fiscal capacity, etc., the target price of cotton in Xinjiang from 2026 to 2028 will be 18,600 yuan per ton. 7. Pig prices hit a nearly 10-year low. According to the Ministry of Agriculture and Rural Affairs monitoring, since May, national pig prices have shown a trend of low-level fluctuations, gradually stabilizing. In the third week of May, the national average pig price was 10.12 yuan per kilogram, a decrease of 0.4% compared to the previous period and a 32.2% decrease year-on-year. The person in charge of a pig production enterprise in Hebi, Henan Province, stated that since the Spring Festival this year, local pig prices have continued to decline, reaching a low of 4.1 yuan per jin, the lowest in nearly 10 years, showing a trend of low-level fluctuations in the past month. 8. Market reminder: U.S. stock market closed for Memorial Day. Due to the Memorial Day holiday, the U.S. stock market will be closed on May 25th (Monday). Trading of the Brent crude oil futures contract under the Intercontinental Exchange (ICE) will end at 01:30 on May 26th, Beijing time. Trading of precious metals and U.S. crude oil futures contracts under the Chicago Mercantile Exchange (CME) will end at 02:30 on May 26th, Beijing time, and stock index futures contracts trading will end at 01:00 on May 26th. 9. "Ground-to-Sky Board" and continuous limit up, A shares buzzing with cap removal trend. Since May, more than 10 A-share companies have successfully removed their caps, far exceeding the monthly cap removals in the first four months of this year. Data shows that among the above-mentioned companies, 10 saw their stock prices rise on the day of cap removal, with 4 of them hitting the limit up and one with an increase of over 10%; a few companies saw their stock prices fall on the day of cap removal, but the drops were generally small. Jiangsu Sihuan Bioengineering achieved four consecutive limit ups after removing its cap, and Beijing Telesound Electronics hit the limit up for two consecutive trading days after removing its cap. After analyzing the investment opportunities of the market, notable companies like Siasun Robot & Automation are gaining attention. 1. CCTV Finance: China's embodied intelligence market is expected to exceed one trillion yuan by 2035. According to CCTV Finance, customs statistics show that in the first quarter of this year, China's Siasun Robot & Automation industry has accelerated its expansion into overseas markets. The total export value of various individually listed "Siasun Robot & Automation" products reached 11.32 billion yuan, with products being exported to 148 countries and regions worldwide. Data shows that the market size of China's embodied intelligence industry is expected to reach 400 billion yuan by 2030 and is expected to exceed one trillion yuan by 2035. HAITONG INT'L Securities stated that the Siasun Robot & Automation hardware system (main body, actuator, and supply chain) has basically matured, with core components (reducers, servo motors, sensors) seeing a three-year decline of nearly 60%, and the overall machine bill of materials cost has entered the range of 300,000 yuan. Siasun Robot & Automation has a foundation for mass production and the core constraints of commercial expansion have shifted from hardware mechanical performance to environmental understanding, autonomous decision-making, and generalization abilities. The industry is moving from competition in hardware, scale, and cost to intelligence and scenario competition. On the demand side, Siasun Robot & Automation has surpassed manual labor in specific closed industrial or logistics scenarios (such as sorting) with its 24-hour operation and multi-task generalization capabilities. Under current cost assumptions, the static payback period has been compressed to about five years, demonstrating an initial economic foundation for industrial-scale deployment. In addition, the following sectors are worth attention: 2. AI+Short Films: Shanghai is establishing a city-level "AI+Micro-Film" pilot base. 3. Independent and Controllable: Anhui supports technological innovation, focusing on early investment, small investment, long-term investment, and investment in hard technology. 4. Real Estate: Quick clearance in half an hour! Two luxurious estates in Shenzhen release "sunshine," with the highest unit price reaching nearly 400,000 yuan. 5. Artificial Intelligence: Hangzhou solicits opinions: supporting the OPC community to increase investment in AI infrastructure and make good use of AI service vouchers. Regarding announcements with a positive tone, self-selected Brother suggests watching for Jiayou International Logistics' share repurchase plan; while for announcements with a negative tone, pay attention to Avary Holding's controlling shareholder and persons acting in concert reducing their shareholdings. Positive Announcements 1. Jiayou International Logistics: Plans to repurchase shares worth 50 million to 100 million yuan. 2. Jiangsu Zongyi: Controlling shareholder plans to increase its stake by 50 million to 100 million yuan in the company. 3. Sichuan Haowu Electromechanical: Obtains a commitment letter for the CITIC BANK stock repurchase special loan. 4. Titan Wind Energy: Wins a contract for about 568 million yuan for FPSO hull construction services. 5. Henan Tong-Da Cable: Expected to win a procurement project from State Grid worth about 208 million yuan. Negative Announcements 1. Avary Holding: During a stock price fluctuation period, a controlling shareholder and persons acting in concert collectively reduced their stake by 1.73%. 2. Zhejiang Zone-King Environmental Scitech Co., Ltd.: The controlling shareholder and chairman were sentenced to one year of imprisonment with a one-year probation and a fine of 200,000 yuan for committing the crime of unlawfully disclosing important information. 3. Shenzhen Sinovatio Technology: Shareholders Guangdong Hongtu and others plan to collectively reduce their stake by up to 1.84%. 4. Shenzhen Genvict Technologies: Shareholder Wang Lijuan plans to reduce her stake in the company by no more than 0.44%. 5. *ST WenTai: The entire 154 million shares held by the controlling shareholder Wen Tianxia have been frozen by the court. This article is reprinted from Tencent's self-selected stocks. GMTEight editor: Xu Wenqiang.