Pre-market report on A-share | GPU four small dragons gathered! Suyuan Technology's IPO passed, net profit of 100 billion lithium battery leader surged in half a year.

Pre-market news 1. US stocks rose more than 3%, chip stocks surged with the semiconductor index rising by 4.45%, SpaceX surged by 19%. Category: Market Sentiment Impact: Positive Overnight, US stocks rose, with the S&P 500 index up by 1.65% and the Nasdaq up by over 3%. Chip stocks rose, with the Philadelphia Semiconductor Index up by 4.45%. Western Digital surged by 16% to a new high, while stocks like Micron Technology, SanDisk, and AMD also reached new highs. In terms of news, US President Trump announced that the Strait of Hormuz has "partially re-opened" and will fully open on Friday, when the US and Iran will officially sign a memorandum of understanding. 2. "Four Chinese domestic GPU Dragons" Suiyuan Technology and Yueshi Semiconductor pass IPO approvals Category: Industry Sentiment Impact: Positive On June 15, the Chinese domestic GPU company Suiyuan Technology's IPO on the Sci-Tech Innovation Board was approved at a listing committee meeting, with the company planning to raise 6 billion yuan for cloud AI chips. Suiyuan Technology, along with Moore Threads, Muxi Shares, and BIREN TECH, are known as the "Four Chinese domestic GPU Dragons." All were born in the Chinese substitution 2.0 era from 2019-2020. Moore Threads and Muxi Shares are already listed on the A-share market, while BIREN TECH is listed on the Hong Kong market. Meanwhile, Yueshi Semiconductor, known as the "First Chip of Guangzhou," has passed the IPO review on the ChiNext board and is expected to become the first wafer manufacturing company on the ChiNext board. 3. Good news! Petrochemical giant announces plans for large-scale share purchases or repurchases by many A-share companies Category: Company Sentiment Impact: Positive On June 15, Petrochemical giant China Petroleum & Chemical Corporation announced plans to repurchase 500 million to 1 billion yuan worth of A-shares, with the intention to use all proceeds to cancel and reduce registered capital. On the same day, companies like IKD Co., Ltd., R&G PharmaStudies, and HNA Technology also disclosed buyback plans. According to statistics, since last Monday, over 30 A-share companies have disclosed new share purchase or buyback plans. Analysts point out that these actions by listed companies send positive signals to the market, stabilizing stock prices and improving valuations. 4. Nvidia plans to issue bonds to raise at least $20 billion, adding ammunition for betting on the future of AI Category: Company Sentiment Impact: Positive The latest news indicates that Nvidia is planning to raise at least $20 billion in funds through the issuance of corporate bonds. This will be the company's first bond issuance since 2021. Sources say the initial pricing for the longest-term, i.e. 30-year bonds, is about 0.9 percentage points higher than US Treasury yields. This bond issuance continues the financing wave driven by the AI boom. With the rapid growth in AI demand, tech giants are entering the bond market to finance the construction of necessary computing power infrastructure. Investment Calendar Guo advisers held a press conference Investment Tips Even smart investors may need strong willpower to stay out of the "herd." -Benjamin Graham Institutional Views 1. Guotai Haitong: The new stock market uptrend in China has opened a window of opportunity, focusing on technology, manufacturing, and securities/banks. 2. Orient: This week, bulls and bears will contend for the 4100-point threshold, with a high probability of a slight upward trend, with technology still being the mainstream hot spot. 3. Founder: The market is still in an upward trend, focusing on investment opportunities in technology and cyclicals under the direction of CKH HOLDINGS. Positive and Negative Factors Outlook 1. Lithium battery leader Eve Energy Co., Ltd. expects a 95%-110% year-on-year increase in net profit for the first half of the year Category: Market Discussion Central China: The main growth of lithium batteries is in power and energy storage, with energy storage accounting for a significant proportion. Energy storage lithium batteries are mainly benefiting from policy efforts, battery technology advancements, and demand growth in sectors such as AIDC. 2. MLCC shortages are spreading, suppliers expect shortages to continue until 2027 or even 2028 Category: Institutional Commentary Guosen: MLCC spot prices have already risen, with average prices up by 20%-40% for all specifications. The global MLCC industry is experiencing a new "quantity-price rise" super boom cycle, with stronger demand certainty and higher technological barriers, benefiting manufacturers greatly. 3. Supply and demand squeeze, with the prices of small metals such as tin, tantalum, and indium for computing power soaring, tantalum ingots rising by 158%. Category: Market Discussion Dongxing: With the development of new productive forces and the advent of the computing power capital cycle, the demand logic of small metals has shifted from traditional industrial cycle driving to structural growth driving. Taking tantalum as an example, prices are expected to remain relatively high in the foreseeable future. Announcements Roundup Slightly positive announcements 1. Eve Energy Co., Ltd.: Expects a 95%-110% increase in net profit for the first half of the year 2. China Petroleum & Chemical Corporation: Plans to repurchase 500 million to 1 billion yuan worth of A-shares 3. CICC: Stock swap merger applications for Dongxing and Cinda accepted by the Shanghai Stock Exchange Slightly negative announcements 1. Shengda Resources: Controlling shareholder Zhaomantang is under investigation by the China Securities Regulatory Commission 2. Beijing Qianjing Landscape: Received a warning letter from the Beijing Securities Regulatory Bureau for delayed disclosure of information 3. Sanan Optoelectronics: Controlling shareholder's stake in the company has been frozen Overseas Market US stocks collectively rose on Monday, with the Nasdaq up by 3.07% and the Dow up by 0.92%. SpaceX surged by 19.6%, with a total market value jumping to $2.52 trillion. Chip stocks rose, with the Philadelphia Semiconductor Index up by 4.45%, Western Digital up by over 16%, and Micron Technology up by over 10%. This article is reprinted from "Tencent Self-selected Stocks," GMTEight editor: Xu Wenqiang.