A-share pre-market broadcast | Violent rebound in US storage concept! Semiconductor index up over 5% CSRC holds consecutive symposiums

Pre-market news 1. Violent rebound in US storage concept! Semiconductor index rose more than 5%, SanDisk and Micron both surged more than 10% Type: Market Sentiment impact: Positive Chip stocks rebounded significantly, pushing US stock indices higher. The Philadelphia Semiconductor Index surged 5.2%, marking its best daily gain in six weeks. Storage collectively soared, with SanDisk up 14.27%, SK Hynix up over 13%, Western Digital and Micron both up over 12%. Chip design also surged, with Intel and AMD up over 8%. The direct catalyst for the surge was a new research report from Morgan Stanley, stating that the shortage of storage chips is expected to continue until 2028, with prices expected to rise by at least 25% from Q2 to Q3. On Wednesday morning, the Korean index surged over 4%, with SK Hynix stock rising by 7%. 2. CSRC holds consecutive symposiums! Continuously strengthen market fundamental system construction, enhance market stability Type: Macro Sentiment impact: Positive From the afternoon of July 20th to the 21st, members of the CSRC party committee held separate symposiums. The CSRC stated that it will continue to strengthen the construction of the market fundamental system, enhance the inherent stability of the market, 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. Representatives made suggestions around implementing the medium and long-term capital assessment mechanism, further standardizing quantitative trading behavior, and other aspects. 3. Another wave of share repurchases in A-shares! Multiple companies release buyback plans Type: Company Sentiment impact: Positive On the evening of July 21st, A-shares welcomed another wave of positive announcements! Several listed companies, including leading energy storage company Sungrow Power Supply, Shanghai Sanyou Medical Co., Ltd, Zhejiang JIULI Hi-tech Metals, Guangdong High Dream Intellectualized Machinery, and others, released buyback plans. Covering multiple hot sectors such as medical, new materials, and new energy, they continue to inject confidence into the market. In addition, the controlling shareholder of Weichai Power plans to increase its holding of A-shares by 200 million to 400 million yuan, and Zhejiang Yonggui Electric Equipment plans to repurchase company shares worth 100 million to 150 million yuan. 4. Many companies report explosive mid-year performance! Yuanjie Semiconductor Technology, a 20x chip stock: Net profit expected to increase by over 10 times Type: Company Sentiment impact: Positive Last night, several A-share companies released announcements of performance increase forecasts. "23x big bull stock" Yuanjie Semiconductor Technology, a leading chip company, is expected to see a 1197% to 1305% increase in net profit in the first half of the year compared to the same period last year; Hubei Zhongyi Technology Inc. expects a substantial increase of 879.55% to 1075.46% in net profit for the first half of 2026. Institutions point out that the current market is transitioning to focusing on the profitability of AI, with differentiation in the technology sector, and concept speculation being abandoned. Investment calendar National Information Office press conference Institutional perspectives 1. CITIC SEC: Focus on the progress of high-level chip digestion and the rhythm of fund sentiment recovery, A-shares have strong resilience. 2. Orient: The possibility of a market rise followed by a decline leading to a second bottom still exists, so be prepared for profit-taking after the rise. 3. Founder: The liquidation of high-risk leverage is mostly completed, so attention can be shifted to new productive forces and the cyclical direction. Positive and negative outlook 1. Beijing: Plans to build Token factories in the second half of the year, aiming to increase intelligent computing power by 50,000P Type: Policy focus Huayuan Securities: Continuously elevating domestic AI computing power market demand around AI large model iteration, and large-scale construction of intelligent computing centers. Continues to be optimistic about the high prosperity of the domestic computing power sector. It is recommended to focus on domestic chip, CPU, ODM manufacturers, and IDC. 2. Drafting of new standards for solid-state lithium batteries, institutions focus on equipment opportunities Type: Market discussion Huaxi: According to the comprehensive analysis of energy storage demand and the commercialization process of solid-state batteries, upstream lithium mining stocks are worth paying attention to. There are expectations for upward trends in lithium mining stocks. Focus on the elasticity of midstream sectors such as lithium hexafluorophosphate, and pay attention to the lithium battery equipment sector and solid-state technology iteration dividends. 3. Historic breakthrough! Globally synchronized innovative drug approved for listing in China first Type: Market discussion Tianfeng: In the race around new mechanisms and new targets for Chinese innovative drugs, China has taken the lead in some areas; with dual factors of policy support and product strength improvement, Chinese innovative drugs are expected to continue achieving domestic substitution in the local market. Announcement Express Slightly positive announcements 1. Yuanjie Semiconductor Technology: Expected net profit for the first half of the year is 600 million to 650 million yuan, a year-on-year increase of 1197% to 1305% 2. Hubei Zhongyi Technology Inc.: Expected net profit for the first half of the year is 150 million to 180 million yuan, a year-on-year increase of 879.55% to 1075.46% 3. Sungrow Power Supply: Chairman Cao Renxian proposes to buy back shares worth 5 billion to 10 billion yuan Slightly negative announcements 1. Zhejiang Wazam New Materials: The company's chairman reduced his holdings by 228,400 shares from April 21 to July 20. 2. Huapont Life Sciences: Its wholly-owned subsidiary was found to have engaged in illegal issuance of invoices and must pay a total of 38.505 million yuan in taxes. 3. Hunan Baili Engineering Sci&Tech: Significant contract termination for the company. Overseas Markets Self-picked brother's reminder: US stock markets collectively closed higher on Tuesday, with the Nasdaq up 1.29% and the Dow up 0.74%; storage concept stocks saw a violent rebound, with SanDisk up over 14%, SK Hynix up over 13%, and Micron Technology up over 12%; the Nasdaq Golden Dragon China index fell by 0.68%, with Alibaba falling by nearly 2%. This article is reprinted from "Tencent Self-selected Stocks". GMTEight Editor: Huang Xiaodong.