A-share pre-market report | Changxin Technology opens subscription, 7 AI phones have been filed! Huawei and Apple are on the list

Pre-market News 1. Financial data for the first half of the year is out, and here's the interpretation! Monetary policy will take these actions Type: Macro Sentiment Impact: Positive The central bank released financial data report. As of the end of June, the broad money (M2) balance was 35.671 trillion yuan, a year-on-year increase of 8%. The scale of social financing increment in the first half of 2026 was 20.84 trillion yuan. Analysts believe that in the second half of the year, the central bank will take the opportunity to implement interest rate cuts and reserve requirement cuts, estimating a decrease in interest rates of 10 basis points and a reduction in reserve requirements of 0.5 percentage points, which is an important focus on stimulating consumption, expanding investment, and stabilizing the real estate market. 2. Changxin Technology applies today, benefiting from the industrial chain step by step. How much can one sign earn? Type: Company Sentiment Impact: Positive The hottest new stock, China's storage king Changxin Technology, officially applied today. The total amount of this financing will be as high as 66.1 billion yuan, making it the largest IPO since Agricultural Bank Of China in 2010. Based on the issue price of 8.66 yuan, the market believes that the market value is expected to reach 2-3 trillion yuan after listing, corresponding to a profit of about 8660 yuan to 21650 yuan for each sign. In the global DRAM market, Samsung Electronics, SK Hynix, and Micron, the top three, account for 90%, with Changxin ranking fourth with a 7.7% share. 3. PPI confirms inflation cooling down, US stocks slightly up, storage contra-trend plunge, crude oil and gold go V Type: Market Sentiment Impact: Neutral US June PPI data was below expectations, confirming the cooling signal of the previous day's CPI. Funds rotated from semiconductors to defensive tech giants, with Apple up 4.01%. The storage sector was sold off violently, with Micron and SanDisk plunging more than 8%. Crude oil and gold fluctuated, with WTI falling below $80 during trading, Trump announced plans to continue crackdown next week, and oil prices received geopolitical risk premium support rebound. 4. Turning losses into substantial profits! Two storage industry stocks have their performance explode Type: Company Sentiment Impact: Positive The Shenzhen storage legion collectively exploded in performance in the first half of the year. On July 15th, Biwin Storage Technology and Longsys disclosed their performance forecasts. Biwin Storage Technology expects a net profit of 7-7.5 billion yuan in the first half of 2026, an increase of 3200%-3422% year-on-year. Longsys expects a net profit of 1.2-1.35 billion yuan in the first half of 2026 (a loss of 354 million yuan in the same period last year). Prior to this, the performance forecasts of Shenzhen Techwinsemi Technology, Shenzhen Longsys Electronics, and Shannon Semiconductor Technology were equally impressive. Investment Calendar Ministry of Commerce press conference Investment Tips Be patient and wait for clear signals to appear, avoiding blind investments in high-risk vague stages. -Bernie Cohen Institutional Views 1. Soochow: Fundamentals remain the disruptive core variable in the market, focusing on assets with strong earnings certainty. 2. Orient: Retail investors continue to play a stabilizing role in the market during adjustments, and the Shanghai Composite Index still has the momentum to go high. 3. Founder: Continue to balance against high volatility, focusing on the innovative drugs main theme with independent industrial logic. Upcoming Positive and Negative Expectations 1. 7 AI smartphones have been filed, and it is reported that Qianwen will integrate AI capabilities into Apple, with Alibaba surging nearly 5% Type: Market Hot Topic Galaxy Securities: AI smartphones and AIPC and other new forms of devices are accelerating their landing in 2025. In the short to medium term, the industry may continue to present opportunities and challenges, and the speedy introduction of end-side AI new products will bring more certainty to industry opportunities. 2. Data centers, computing power centers expand demand, China's "prefabricated substation" receives global orders Type: Institutional Hot Review China Great Wall: The significant growth in power demand for AI data center is expected to directly boost the demand for equipment such as transformers and high-voltage cables, benefiting domestic export companies. In 2026, the export of key products in the power grid equipment sector is expected to continue to have a good trend. 3. Over 20 AI glasses will be unveiled at the Artificial Intelligence conference, bringing development opportunities to the industry chain Type: Market Hot Topic Orient: The AI glasses industry has entered a golden period of "hardware volume + AI empowerment + ecological expansion". The capitalization process of leading companies in the industry is accelerating, and capital competition is fully underway. Focus on component manufacturers with manufacturing capability, and bind them with upstream optical companies. Announcement Express Positive announcements 1. Elite Color Environmental Resources Science & Technology: Achieved a net profit of 82.586 million yuan in the first half of the year, an increase of 103.87% year-on-year, with a proposed dividend of 2 yuan per 10 shares 2. Biwin Storage Technology: It is expected to have a net profit of 7-7.5 billion yuan in the first half of the year, an increase of 3200%-3422% year-on-year 3. ZCZL Industrial Technology Group: The chairman proposed to repurchase company shares with 3-4 billion yuan Negative announcements 1. Shandong Keyuan Pharmaceutical: Shareholders plan to collectively reduce their holdings by no more than 3.57% 2. Nantong Haixing Electronics: The controlling shareholder's concerted action person plans to reduce their holdings by no more than 2% of the company's shares 3. Shanghai Zhongzhou Special Alloy Materials: Multiple shareholders plan to collectively reduce their holdings by no more than 1.1% Overseas Markets The three major US stock indexes closed slightly higher on Wednesday, with the Dow up 0.29% and the Nasdaq up 0.62%; storage concept stocks plunged, with SK Hynix down 9%, SanDisk and Micron Technology down more than 8%; the Nasdaq Golden Dragon China Index rose 2.92%, Meituan rose over 6%, and Alibaba rose nearly 5%. This article is reprinted from "Tencent Stock Selection," GMTEight Editor: Xu Wenqiang.