A-shares Evening Hotspots | NDIC's Major Meeting Accelerates the "Six Networks" Construction! Listed Companies Rush to Layout

1. The National Development and Reform Commission convened a significant meeting to accelerate the construction of the "Six Networks"! Publicly listed companies are taking the lead in positioning themselves. Importance: On August 25, Comrade Yue Xiuhu, a member of the Party Leadership Group and Vice Chairman of the National Development and Reform Commission, hosted a coordination meeting to advance the "Six Networks Collaboration" and explored the investment and financing mechanisms and support policies for the "Six Networks." The meeting focused on refining the diversified investment and financing models for the "Six Networks," categorizing and detailing support policies related to finance, investment, pricing, etc., innovating policy tools, optimizing policy combinations, and promoting the establishment of sound investment and financing mechanisms tailored to different fields and types of engineering projects, thereby providing strong support for the accelerated commencement of major engineering projects. Caitong research report indicates that during the "14th Five-Year Plan" period, the overall investment rhythm of the "Six Networks" is characterized by a "high before steady" pattern. A peak in the construction of major projects related to the "Six Networks" may occur in the third quarter of 2026; at the same time, the relatively slow progress of broad fiscal expenditure in the first half of the year is expected to accelerate, and new policy-based financial tools are also expected to deploy faster in the third quarter. According to statistics, more than a hundred publicly listed companies in A-shares are involved in the industrial chain of "Six Networks" construction, covering industries such as telecommunications, computers, electric equipment, transportation, and construction decoration. In terms of institutional attention, since August, seven stocks have been researched by institutions, with Milkyway Intelligent Supply Chain Service Group, Zhejiang Weixing New Building Materials, and Suzhou TFC Optical Communication being the most researched, with 84, 84, and 67 institutions respectively. 2. Earnings Intensive! PCB High-flyer reports net profit surge of over 124%, 500 billion semiconductor leader's performance announced. Importance: On August 25, A-share PCB leader Wus Printed Circuit disclosed its financial report, showing a net profit growth of over 73% year-on-year in the first half of the year; additionally, "PCB high-flyer" Jiangxi Redboard Technology's semi-annual report revealed a significant net profit growth of over 124% year-on-year for the first half of 2026, with a quarterly net profit surge of 235%. Meanwhile, A-share semiconductor equipment leader NAURA Technology Group also reported its semi-annual results, with a revenue growth of 24.9% year-on-year in the first half, and a net profit attributable to the parent company increasing by 5.05%, with the profit growth rate significantly lower than that of revenue. Analysts indicate that the slower profit growth of NAURA Technology Group in the first half may be related to the company's continued increase in R&D, talent, and production capacity investments. Rapid technological iterations in the semiconductor equipment industry may affect short-term profitability due to investments during periods of rapid expansion. As scale effects gradually release, it is worth monitoring whether future profit growth can realign with revenue growth. 3. Major news from the US-Iran talks! US stocks rise, oil prices plunge sharply, is there still hope for negotiations? Importance: On August 25, the oil market experienced a sharp decline, dropping over 2%. Meanwhile, US stocks increased. Reports indicate that Pakistan's Army Chief Asim Munir allegedly brought a proposal to Iran that could promote easing sanctions on Iran and ending economic pressure against the country under the framework of an Islamabad memorandum. Analysts believe this sends an important signal: amidst the long-stalled direct contacts between the US and Iran, the negotiation window between Iran and the US may not yet be entirely closed. At the same time, media reports, citing an internal US State Department document, indicate that the State Department is preparing for the return of diplomats to several embassies in the Middle East. These embassies had undergone staff evacuations before and during the outbreak of the US-Israel-Iran conflict. It is reported that diplomats may return as early as this week, and the US side will gradually reduce emergency measures at consulates in the region. 4. Alibaba stock surges dramatically! Jack Ma invests over 800 million HKD in Hong Kong stocks with management. Importance: On August 25, Alibaba's US stocks surged over 2% at one point after previously falling by 2%. According to reports from the Science and Technology Innovation Board Daily, as Alibaba initiated a placement financing, its founder Jack Ma has consecutively increased his holdings in Alibaba's Hong Kong shares, totaling over 600 million HKD, to express his strong confidence in Alibaba's AI development. Additionally, it was previously disclosed that members Caicong Xin and Wu Yongming have collectively increased their holdings by 200 million HKD over the past two days, bringing the total increase by Jack Ma and Alibaba's management to over 800 million HKD. Specifically, Caicong Xin purchased 720,000 shares of Alibaba's Hong Kong stock and then further increased his holdings by approximately 82 million HKD today, accumulating a total increase of 160 million HKD over the two days; CEO Wu Yongming bought 350,000 shares of Alibaba's Hong Kong stocks at an average price of approximately 111.6 HKD, costing about 40 million HKD. 5. National Teams 234.6 billion holdings exposed: increased positions in Beijing Oriental Yuhong Waterproof Technology and reduced holdings in China Petroleum & Chemical Corporation by over 1.55 billion shares. Importance: As publicly listed companies in A-shares continue to disclose their semi-annual reports for 2026, details of the "National Team" holdings represented by the National Social Security Fund and China Securities Finance Corporation have gradually become clear. Statistics show that as of August 24, combined with the samples of publicly listed companies that have completed their 2026 semi-annual report disclosures, by the end of the second quarter, the "National Team" had a total of 264 heavily held (after deduplication) circulating stocks, with a total holding market value of 234.678 billion RMB. The structure of the National Team's holdings has been optimized, showing clear characteristics of sector rotation. In the second quarter, there was a focus on increasing positions in materials, technology hardware and equipment, capital goods, etc., with Beijing Oriental Yuhong Waterproof Technology receiving an increase of over 14.7 million shares; at the same time, there were concentrated reductions in energy, traditional materials subdivisions, insurance, and other sectors, with China Petroleum & Chemical Corporation being reduced by 1.552 billion shares. The overall adjustment closely aligns with the industry climate of upstream and downstream sectors, continuously focusing on high-growth, quality subdivisions, highlighting the prudent layout and selective allocation core mindset of long-term funds. 6. A stock with six-fold growth sees a sharp increase in performance in the first half of the year, as super "bull investor" Zhang Jianping significantly increases his holdings. Importance: On the evening of August 25, Hangzhou Cable released its semi-annual performance report, achieving an operating revenue of 5.097 billion RMB in the first half of the year, a year-on-year increase of 12.66%; the net profit attributable to shareholders of the listed company was 393 million RMB, a year-on-year increase of 938.67%. Notably, a comparison of the company's first-quarter and semi-annual reports shows that Zhang Jianping became the third-largest shareholder in the second quarter, holding 24.3245 million shares, accounting for 3.52% of the total share capital. 7. Bacent claims to consider countermeasures against countries that refuse to participate in sanctions against Iran, China responds. Importance: On August 25, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter from AFP asked about the announcement on the 24th when US Treasury Secretary Bacent unveiled multiple economic sanctions against Iran, stating that countermeasures may be taken against countries not participating in this action. What is China's comment? Lin Jian stated that China has repeatedly expressed its firm opposition to illegal unilateral sanctions lacking a basis in international law and without authorization from the UN Security Council; economic warfare and extreme pressure do not help resolve issues but only further intensify conflicts and risks, disrupting the global economic and financial order and harming the legitimate rights and interests of other countries. The urgent task is to promote a cooling of the situation and quickly return to dialogue and negotiation. China will take all necessary measures to firmly safeguard its rights and interests. Self-selected opportunities that the market is focused on include attention to non-ferrous metals. 1. Shanghai issues documents concerning the expansion of copper, aluminum, and other key metal transaction scales. On August 25, the Shanghai Municipal Government issued the "14th Five-Year Plan for Accelerating the Construction of the International Trade Center." It mentions accelerating the expansion of bulk trading categories and expanding trading scales for key metals such as copper and aluminum. It also aims to accelerate the establishment of futures product series for emerging metals like lithium, cobalt, and nickel. Huatai research reports that the commodity prosperity of the A-share non-ferrous sector is at a high level, but valuations are at historical lows. Compared to overseas pricing, the downside for A-share non-ferrous leaders may be limited while there is potential for considerable upside. Additionally, other sectors worth noting include: 2. Humanoid Siasun Robot & Automation | 8.86 seconds! Humanoid Siasun Robot & Automation sets a new record in the 100-meter race. 3. Controlled Nuclear Fusion | Vice Minister of Science and Technology Zhang Guangjun attends the 2026 Nuclear Fusion Energy Conference: Controlled nuclear fusion is included in the country's major engineering projects. 4. Coal | The domestic market for coking coal continues to rise, with the second round of price hikes expected to take place tomorrow. 5. Cloud Computing | Shanghai: Accelerating the creation of high-performance computing infrastructure clusters and promoting the transition of computing power platforms to cloud service providers. On the positive announcement front, attention is drawn to Jiangxi Copper's net profit doubling in the first half; on the negative announcement front, one should note that Visual China Group's shareholder Liang Jun intends to reduce his stake by no more than 3%. Positive Announcements 1. Jiangxi Copper: Net profit for the first half of 2026 is 8.632 billion RMB, a year-on-year increase of 106.77%. 2. Wuhan Guide Infrared: Net profit for the first half of 2026 is 1.351 billion RMB, a year-on-year increase of 646.81%. 3. OKE Precision Cutting Tools: Net profit for the first half of 2026 is 371 million RMB, a year-on-year increase of 47734.24%. 4. CMSC: Net profit for the first half of the year is 10.624 billion RMB, a year-on-year increase of 105%, achieving the best results for the same period in history. 5. Actblue Co., Ltd.: Signed a contract for computing resource services worth 1.109 billion RMB. Negative Announcements 1. Visual China Group: Shareholder Liang Jun plans to reduce his stake by no more than 3%. 2. Luzhou Laojiao: Net profit for the first half of 2026 is 4.339 billion RMB, a year-on-year decrease of 43.37%. 3. OFILM Group Co., Ltd.: Net loss for the first half of the year is 444 million RMB, a year-on-year decrease of 307.36%. 4. Wens Foodstuff Group: Net loss for the first half of the year is 4.366 billion RMB, a shift from profit to loss. 5. Elegant Home-Tech: Semi-annual net loss of 38.4795 million RMB, turning to a loss year-on-year. This article is reprinted from "Tencent Self-Selected Stocks," edited by Jiang Yuanhua.