A-share evening hot spots | Intensive symposiums held! CSRC speaks out: Enhancing the intrinsic stability of the market

Evening Heavyweight News Overview 1. Multiple symposiums held for two days! The latest voice from the China Securities Regulatory Commission Importance: From the afternoon of July 20th to the 21st, the members of the China Securities Regulatory Commission Party Committee held symposiums to listen to opinions and suggestions on promoting the stable and healthy development of the capital market. 29 representatives from listed companies, securities and fund institutions, and experts and scholars attended the meeting. At the meeting, the responsible comrades of the China Securities Regulatory Commission stated that they will carefully study and absorb the opinions and suggestions from all parties, actively respond to market concerns, coordinate risk prevention, strengthen supervision, promote high-quality development, continuously strengthen the construction of market fundamental systems, enhance market stability, improve the long-term mechanism for protecting investors' legitimate rights and interests, and better promote the long-term stable and healthy development of the capital market. 2. All sectors rising! U.S. stock index futures surge, semiconductor giants soar before the market open Importance: With a large rebound in the semiconductor sector, global financial markets' risk appetite quickly recovered. U.S. stock index futures opened collectively in the green, with a 1.38% increase in the Nasdaq 100 futures and a 0.42% increase in the S&P 500 futures. In terms of individual stocks, semiconductor and storage stocks rose before the U.S. market opened, with SanDisk up over 7%, Micron Technology up over 6%, and Intel up over 4%. 3. Many companies report exploding mid-year performance, with a 30-fold bull stock performance expected to increase by over 1100% Importance: On the evening of July 21st, many A-share listed companies disclosed performance pre-announcement. Among them, Yuanjie Semiconductor Technology expects a net profit of 600 million to 650 million yuan in the first half of the year, a year-on-year increase of 1197%-1305%. Driven by the AI theme market, Yuanjie Semiconductor Technology's stock price has continued to rise, from a low of 60 yuan in April 2025 to a historical high of 1968.14 yuan in June 2026, with a cumulative increase of over 30 times. 4. Another wave of stock repurchase plans in A-shares! Nearly 20 companies announced their latest plan today Importance: Today, A-share listed companies saw another wave of stock repurchase frenzy, with more than ten companies, including energy storage leader Sungrow Power Supply, announcing repurchase or buyback plans, with the highest single company repurchase amount being 1 billion yuan. This includes Sungrow Power Supply Chairman Cao Renxian proposing to repurchase 500 million to 1 billion yuan worth of shares, Zhejiang JIULI Hi-tech Metals planning to repurchase 200 million to 400 million yuan worth of company shares, Weichai Power controlling shareholders planning to increase their A-share holdings by 200 million to 400 million yuan, Zhejiang Yonggui Electric Equipment planning to repurchase 100 million to 150 million yuan worth of company shares, and Guangdong Mingzhu Group Chairman proposing to repurchase 100 million to 150 million yuan worth of company shares... 5. TSMC is reportedly planning to raise wafer foundry prices starting in 2027, with a maximum increase of 10% Importance: According to reports, sources familiar with the matter said that TSMC plans to raise prices for advanced and mature process chip foundry services starting in 2027, with a maximum increase of up to 10%, to cope with the pressures from rising costs of materials, manufacturing equipment, and overseas new plant construction. TSMC has already begun negotiations with customers on the price increase, involving 7-nanometer and more advanced processes. This business segment contributed approximately 77% of TSMC's revenue in the April to June quarter of this year. Insiders say that the basic price increase ranges from 5% to 10%, depending on the customer and product. 6. AI storage demand intensifying again, NVIDIA's CMX may consume over 100 million TB of NAND next year Importance: NVIDIA's demand for NAND flash in AI servers is entering a period of explosive growth, and Samsung Electronics is rapidly turning this trend into a strategic opportunity. According to a report from the Seoul Economic Daily on July 20th, Samsung Electronics has started mass production of the 10th generation V-NAND (V10) and officially supplied it to NVIDIA, while configuring about 60% of its total V-NAND production capacity to the 9th generation product (V9) production line to meet the demand for NVIDIA's upcoming new generation storage device "Context Memory Storage (CMX)". The industry estimates that the NAND capacity required for CMX will increase from 35 million TB this year to over 100 million TB next year. Early viewing opportunities Market-invested investment opportunities that stand out include energy and other sectors of interest. 1. National teams and technology giants enter the arena, and "algorithm-electricity synergy" is mentioned for the first time in the government work report This year, "algorithm-electricity synergy" was mentioned for the first time in the government work report. At the recently concluded 2026 World Artificial Intelligence Conference (WAIC 2026), enterprises' competition around "algorithm-electricity synergy" has gradually intensified. SenseTime announced the "Algorithm-Electricity Synergy Agent", DaMao Technology released the Algorithm-Electricity Synergy 2.0 platform, and State Grid Corporation showcased the "Big WattCloud Wisdom" intelligent distribution network planning... A clear industrial mainline has emerged: the competition for AI infrastructure has shifted from a single computing power scale to a systemic-level competition of "computing power + energy". Huayuan Securities pointed out that with the top-level design landing, "algorithm-electricity synergy" has entered its development year. The inclusion of "algorithm-electricity synergy" in the government work report in 2026 marks the beginning of its development. At the national level, the transition from controlled energy consumption to controlled carbon emissions within the "Thirteenth Five-Year Plan" has been propelled by the release of hard targets, such as the requirement for the non-fossil energy consumption proportion to reach 25% by 2030. A series of supporting policies have been introduced, especially the 650 document (green electricity direct connection) and the 1192 document (price settlement mechanism) released in 2025, which clarify the payment standard for green electricity direct connection fees and resolve the compliance and economic pain points of obtaining green electricity for computing centers, providing substantial institutional support for algorithm-electricity synergy. In addition, the following sectors are also worth attention: 2. Innovative Pharmaceuticals | A new targeted innovative drug developed synchronously worldwide and applied for approval was first listed in China today. 3. Siasun Robot&Automation | Market Supervision Administration: The "Thirteenth Five-Year Plan" will look ahead to layout Siasun Robot&Automation and other industry high-energy-level testing platforms. 4. NPO | Recent developments on the industry side are significant, and the commercialization turning point of NPO is expected to accelerate. Listed Company Announcements In terms of positive announcements, it is worth paying attention to Sungrow Power Supply's announcement of a stock repurchase plan, among others. In terms of negative announcements, be aware of Zhejiang Wazam New Materials Chairman reducing holdings of company shares, among others. Positive Announcements 1. Sungrow Power Supply: Chairman Cao Renxian proposes to repurchase 500 million to 1 billion yuan worth of shares 2. Zhejiang JIULI Hi-tech Metals: Plans to repurchase 200 million to 400 million yuan of company shares 3. Shanghai Putailai New Energy Technology Group: Plans to repurchase 200 million to 300 million yuan of shares Negative Announcements 1. Zhejiang Wazam New Materials: Chairman reduced holdings of 228,400 shares from April 21 to July 20 2. Huapont Life Sciences: Subsidiary found to have illegal practices of issuing fake invoices, need to pay a total of 38.505 million yuan in taxes 3. Hunan Baili Engineering Sci&Tech: Company terminates a significant contract Operating Performance 1. Yuanjie Semiconductor Technology: Expected net profit of 600 million to 650 million yuan in the first half of the year, a year-on-year increase of 1197%-1305% 2. Hubei Zhongyi Technology Inc.: Expected net profit of 150 million to 180 million yuan in the first half of the year, a year-on-year increase of 879.55%-1075.46% 3. Optowide Technologies: Expected net profit of 48 million to 52 million yuan in the first half of the year, a year-on-year increase of 31.19%-42.12% This article is reprinted from "Tencent Self-selected Stocks" and edited by GMTEight: Xu Wenqiang.