A-shares Evening Highlights | Heavyweight Positive News for Computing Power is Coming! Policies and Trillion-Yuan Giants' Performance are All Released

1. Shanghai releases a major computing power package! The extreme decline in the industrial chain sparks heated discussion, with institutions highlighting these directions. Importance: On August 11, the Shanghai Municipal Economic and Information Technology Commission issued the "14th Five-Year Plan for the Development of Shanghai's Software and Information Service Industry." It mentions: by 2030, Shanghai aims to develop its software and information service industry into the economic growth "Beijing Dynamic Power," with an industry scale striving to reach 4 trillion yuan; support software companies in the widespread use of coding platforms; implement the "Hundreds of Thousands" smart computing cluster project, creating ultra-large-scale computing power clusters in Songjiang, Lingang, and Puxi; enhance the supply capacity of smart computing hardware, and promote deep integration of independent chips with mainstream large models, among other initiatives. China Securities Co., Ltd. pointed out that the prosperity of the AI computing power industrial chain remains strong, but the market has recently shown clear adjustments, leading to situations of extreme declines. In terms of specific directions, Yinhe Securities' research report believes that major global cloud providers and AI companies continue to raise their investment budgets for computing power infrastructure, directly driving a non-linear increase in demand for high-speed optical modules. Starting in 2026, the penetration rate of high-speed products in the data communication field is expected to accelerate, with 1.6T products entering the mass delivery cycle, and strong demand on the end-user side providing a solid fundamental support for the capacity release and profit realization of various links in the industrial chain. 2. AI computing power demand explodes, Foxconn Industrial Internet nets 23.7 billion! Year-on-year increase nearly doubles. Importance: On August 11, Foxconn Industrial Internet reported a high-growth interim performance. In the first half of 2026, the company achieved operating revenue of 557.861 billion yuan, a year-on-year increase of 54.63%; net profit attributable to shareholders of listed companies was 23.740 billion yuan, a year-on-year increase of 95.99%, nearly doubling. After deducting non-recurring gains and losses, net profit was 22.984 billion yuan, a year-on-year increase of 96.99%, mainly driven by the expansion of its main business. From a business perspective, AI-related demand remains the core driver of the company's performance growth. The company's announcement shows that its cloud computing business revenue rose by 75.7% year-on-year in the first half of the year, with the contribution from AI-related businesses continuing to expand. Cloud service providers saw AI server revenue increase by 2.3 times year-on-year, while GPU AI cabinet shipments grew by 3.2 times; ASIC AI cabinet shipments increased by several times, and ASIC CPU server shipments rose by 2.5 times year-on-year. 3. 19,414! The winning numbers for Yushu have been announced; how should we view the "floating profit of over 350,000 for each winning share"? Importance: On the evening of August 1, Yushu Technology announced that there were a total of 19,414 winning numbers, each of which could subscribe to 500 shares of A-shares. Based on the average increase of all new shares, Yushu Technology's estimated floating profit per winning share is expected to reach 208,000 yuan; according to the average increase of new shares on the Sci-Tech Innovation Board, the estimated profit per winning share is expected to be 352,000 yuan. It is worth noting that this figure ranks second among this year's A-share "high-quality offerings," second only to Semight Instruments 389,000 yuan. Huisheng International Capital analysis states that the market is currently discussing "the expected floating profit of over 200,000 to 300,000 for each winning share," which is based on certain assumed first-day price increases. This is not the company's intrinsic value, nor is it a guaranteed profit. One common cognitive bias in new share subscriptions is misjudging how much one might earn from a share against what the company is actually worth. The former is more determined by issuance supply, market sentiment, and scarcity, while the latter ultimately relies on profitability, cash flow, and long-term capital returns. 4. Signal of a shift? Goldman Sachs points out: The next main line of AI is shifting from computing power to humanoid robotics by Siasun Robot & Automation. Importance: The narrative of AI investments is extending from infrastructure to applications. Goldman Sachs' latest report indicates that as AI computing power infrastructure continues to expand, Siasun Robot & Automation is expected to become a significant growth pole in the next phase of AI development, with labor shortages and automation demands providing structural support for long-term industry growth. Goldman Sachs' Asian trading team recently conducted research and believes that Asia's Siasun Robot & Automation industry is in an early development stage. Compared to similar assets in the U.S., Asia's Siasun Robot & Automation and automation sectors still trade at a discount, while profit growth expectations are higher; capital has begun rotating into the Siasun Robot & Automation supply chain. The firm also emphasized that the industry is still in the transitional phase from technology validation to commercialization, and large-scale implementation will take time. 5. Major financial report examinations approach! US stock leader in optical communication sees a sharp drop, focusing on three highlights. Importance: The optical communication sector will face a test. After declining sharply the previous trading day, Lumentum and Coherent saw their stock prices drop. In the early hours of August 12 and 13 Beijing time, the two companies will separately release their latest financial reports. The market expects Lumentum's revenue for the quarter to be around 990 million dollars, close to the company's previous guidance of 960 million to 1.01 billion dollars; Coherent had earlier projected quarterly revenue to be between 1.91 billion and 2.05 billion dollars. Notably, the first major highlight of the upcoming financial reports from the two optical communication leaders is their outlook for growth rates in early and subsequent phases of the 2027 fiscal year. The second highlight is whether the 1.6T optical modules can be ramped up as planned. The third highlight is whether Lumentum and Coherent's demand driven by CKH HOLDINGS' expansion plans can further transmit to their A-share partners. 6. Oil prices drop sharply, relinquishing a 3% intraday gain! Are the U.S. and Iran nearing some arrangement? Importance: As of 19:21 on August 11, international oil prices dropped sharply, relinquishing a 3% intraday gain, with Brent crude oil futures falling by 0.07% to $87.659 per barrel; WTI crude oil futures rose by 0.33% to $82.399 per barrel. According to media reports citing Reuters, Pakistan has indicated that signals regarding the U.S. and Iran show that both sides are "close to reaching some arrangement," with the situation moving toward a peaceful direction. Meanwhile, according to Iran's Mehr News Agency, the Pakistani Interior Minister has arrived in Tehran for talks. 7. As aluminum prices continue to rise, a key global factory unexpectedly announces a 50% cut in capacity! How significant is the impact? Importance: On Tuesday afternoon Beijing time, London aluminum futures prices saw a sudden increase, reaching a nearly seven-week high, likely extending the recent rising momentum to a fifth consecutive trading day. Norway's Hydro company announced that its Alunorte plant in Brazil has reduced its alumina output to 50% of capacity due to "natural gas supply" issues. Public information shows that the Alunorte plant has an annual designed capacity of 6.3 million tons and is known as "the largest alumina plant outside of China." Alumina is a crucial raw material for aluminum smelting plants. Norway's Hydro stated that the plant is taking emergency measures to mitigate operational impacts, including purchasing gas directly from the spot market, and the subsequent recovery of capacity will depend on the natural gas supply situation. Due to the effects of production cuts and the high-cost procurement of natural gas, the group currently estimates a financial impact of $75 million to $100 million for its bauxite and alumina business in the third quarter. 8. Chairman Dan Bin responds to investor questions: Dongfang Hongyuan did not make significant reductions during the deep adjustment in July, only minor structural adjustments. Importance: Dan Bin, chairman of Dongfang Hongyuan, responded to investor questions, stating that Long River Dongfang Hongyuan 2 remains fully invested. Before the recent deep adjustment in July, this fund had been heavily invested in AI industry chain targets and maintained that position without significantly reducing holdings, despite a substantial withdrawal following the AI sector's fluctuations. In 2023, Dongfang Hongyuan has capitalized on global AI core opportunities represented by NVIDIA, but its investment in the A-share domestic AI industry chain started late, with full commitment only in 2026. During the large decline in July, Dongfang Hongyuan did not panic sell or reduce its holdings significantly, only making minor structural adjustments. Selecting opportunities in the market, it has been found that sectors like semiconductors are gaining attention. 1. AI demand drives expansion! SK Hynix plans to increase NAND capacity at its Chinese factory by 50%. SK Hynix plans to restart construction at its second factory in Dalian, China, expanding its NAND flash memory capacity by approximately 50%. This is an important step in the company's accelerated layout in the enterprise storage market, driven by demand from AI data centers. According to industry sources in the semiconductor sector, SK Hynix's NAND subsidiary, Solidigm, has resumed investment and construction work at the Dalian second factory in the first half of this year. Reports indicate that the company plans to begin introducing production equipment as early as November this year and establish a mass production system in the first half of next year. Guotai Junan Securities believes that buoyed by the high demand for investment in AI data centers, the demand for DRAM, HBM, and other storage products remains strong, with both Samsung Electronics and SK Hynix expected to achieve record highs in the second quarter of 2026. The tight supply and demand for AI storage are quickly releasing the performances of storage companies, and the rhythm of subsequent expansion and technological upgrades is expected to accelerate further, driving the demand for semiconductor equipment steadily upward. In addition, the following sectors are also worth noting: 2. Film Industry | Total box office for 2026 is projected to exceed 24.5 billion; domestic films are leading strongly. 3. Coal | Downstream restocking willingness is strengthening, and domestic market coking coal prices continue to trend strongly upwards. In terms of positive announcements, attention is drawn to Shenzhen Longsys Electronics obtaining a commitment letter for a special loan of 720 million yuan for stock repurchase, among others; regarding negative announcements, attention should be paid to China First Heavy Industries Chairman Lu Wenjun being sentenced, among others. Positive Announcements 1. Shenzhen Longsys Electronics: obtained a commitment letter for a special loan of 720 million yuan for stock repurchase. 2. Zhongji Innolight: A subsidiary plans to subscribe for 90% of the Qianrong Shengrun Fund for 27.45 million yuan. 3. Avary Holding: Q2 net profit increased by 77% quarter-on-quarter, with significant growth in AI server and optical module businesses. 4. Shuangliang Eco-Energy Systems: won a bid for a 339 million yuan air-cooled EPC project. 5. Gettop Acoustic: Wei Hao Chuangxin increased its stake by 1.49%, becoming the largest shareholder. Negative Announcements 1. China First Heavy Industries: Chairman Lu Wenjun was sentenced to prison for bribery and removed from office. 2. Anhui Construction Engineering Group Corporation: Deputy General Manager He Hongchun has been detained and has resigned. 3. Wuhan Golden Laser: The actual controller Liang Wei has been sentenced to three years and nine months on retrial. 4. Yong Jie New Material: Shareholders plan to reduce their holdings by no more than 3%. 5. COSCO Shipping Energy Transportation: Several directors and senior executives collectively reduced their holdings by 39,300 shares. This article is reproduced from "Tencent Self-selected Stocks," edited by Li Fo.