A-share Evening Highlights | Flooding the screens! A-share companies are conducting buybacks and increasing holdings, and the wave of positive earnings pre-announcements continues. What signal does this send?

Evening Headlines at a Glance 1. Tonight's Dense Positive News! A-share Listed Companies Rush to Buy Back Shares, Q3 Earnings "Pre-increase Wave" Continues What Signal Does This Send? Importance: On October 15, a wave of share increases and buybacks, along with a wave of Q3 earnings pre-increases, arrived in force. On the buyback front, many of these companies are industry leaders. According to incomplete statistics, as of press time, chairmen/controlling shareholders of listed companies including Biwin Storage Technology, Eoptolink Technology Inc., Suzhou TFC Optical Communication, Colorlight Cloud Tech, and EverProX Technologies have proposed share buybacks. On the share increase front, major shareholders of Genew Technologies, Shenzhen Newway Photomask Making, and Jiangsu Canlon Building Materials have disclosed new increase plans. At the same time, the Q3 earnings "pre-increase wave" continues, with leaders such as Shenzhen Longsys Electronics and Hengyi Petrochemical reporting good news. Among them, storage chip leader Shenzhen Longsys Electronics expects net profit for the first three quarters of 14 billion to 14.9 billion yuan, a year-on-year increase of 1864.55%-1990.84%. Market analysts point out that listed companies and major shareholders spending real money on buybacks and share increases is both a "vote of confidence with real money" by industrial capital in current investment value and an important lever for stabilizing market sentiment and consolidating investor expectations. As more plans move from "announcement" to "implementation," their effect of stabilizing expectations and improving sentiment will gradually emerge, and the market's long-term allocation value is expected to gain recognition from more capital. 2. PBOC Governor Pan Gongsheng: Will Continue to Implement Moderately Loose Monetary Policy Well Importance: On October 15, the G20 held its third G20 Finance Ministers and Central Bank Governors Meeting of the year in Bangkok, Thailand. The meeting discussed the global economic situation and outlook, financial sector reform, and other topics. Pan Gongsheng pointed out that intensifying geopolitical conflicts remain the biggest uncertainty for the global economy. Sharp fluctuations in some countries' government bond markets and heightened correction risks in AI-related asset valuations have exacerbated financial fragility. Modernizing financial regulation does not mean loosening regulation, and it should not undermine the stability of the financial system and its risk resilience. All parties should make full use of the G20 finance and financial cooperation platform, strengthen macroeconomic policy coordination, and work together to address global risks and challenges. Pan Gongsheng stated that China's high-quality economic development continues to improve, financial markets are operating steadily, and the fundamentals and supporting conditions for long-term positive economic growth have not changed. The People's Bank of China will continue to implement moderately loose monetary policy well, creating a favorable monetary and financial environment for China's stable economic growth and the smooth operation of financial markets. 3. JPMorgan's Latest View: Maintains CSI 300 Target of 5200 by Year-End Importance: JPMorgan released its latest A-share equity strategy view. JPMorgan China equity strategist Zhang Xiaoning pointed out that A-share domestic liquidity remains sluggish, with turnover, margin financing, and ETF fund flows at low levels; under the current market style, it continues to favor a barbell strategy, allocating to high-dividend names on the defensive side and AI, CXO, and innovative drugs on the growth side. The bank maintains its baseline scenario target of 5200 for the CSI 300 Index by the end of 2026. As of the October 15 close, the CSI 300 fell 1.23% that day to 4166.01 points, still leaving more than 20% upside to that target. 4. Capital Fleeing Wildly? European and U.S. Tech Stocks Plunge Collectively, Over 185,000 Crypto Traders Liquidated Importance: Global capital continues to "abandon" tech stocks. European and U.S. tech stocks plunged collectively. Among them, European semiconductor stocks fell sharply, with ASML down more than 5% and Infineon down more than 8%. In U.S. stocks, as of 21:30 press time, the Nasdaq opened more than 1% lower, the Philadelphia Semiconductor Index fell more than 3%, AI hardware stocks continued to tumble, with SK Hynix down more than 6%, SanDisk and Western Digital down more than 5%, Micron Technology and Corning down more than 4%, and Nvidia down more than 3%. At the same time, cryptocurrencies were also abandoned by speculative capital, with Bitcoin falling nearly 3% at one point. CoinGlass data shows that in the past 24 hours, the number of liquidated accounts across the crypto market reached 185,000, with total liquidation amount of $982 million. Among them, more than 90% were long positions. 5. Some Institutions Receive Regulatory Name-and-Shame Reminders, Required to Strengthen Bond Investment Risk Management Importance: According to Cailian Press, since the start of this week, long-term bond yields have accelerated downward. As of the October 14 close, the 10-year government bond yield was 1.64%, approaching a historic low. The reporter learned from multiple informed sources that in response to the recent notable heating up of trading in long-term government bonds, some brokerages and banks have received name-and-shame reminders from regulators, requiring relevant institutions to strengthen bond investment risk management. Some industry insiders believe that the central bank has repeatedly stated it will strengthen macroprudential management of the financial market and is highly attentive to market conditions. It cannot be ruled out that macroprudential management measures may be taken later against institutions with overly aggressive trading behavior. 6. A Glimmer of Light in the AI Cold Wind? TSMC's Compute Orders Are Full, Price Increases Are on the Way Importance: TSMC announced its third-quarter financial report, with consolidated revenue of NT$1.4942 trillion ($46.72 billion), up 50.9% year-on-year and 17.6% quarter-on-quarter, exceeding the company's own guidance range of $44.6 billion-$45.8 billion; net profit attributable to parent company was NT$763.06 billion, up 68.7% year-on-year and 8.0% quarter-on-quarter, marking the sixth consecutive quarter of record quarterly performance and the 11th consecutive quarter of profit growth. The fourth-quarter revenue guidance given at the earnings call was $52.3 billion-$54.3 billion the midpoint up about another 14% from the third quarter, far above the market estimate of $50.35 billion. Bank of America said TSMC's 2nm order visibility has extended to 2028, and predicted that monthly demand for advanced-process wafers will exceed 500,000 units in the third quarter of 2028, with capacity utilization potentially reaching 105%; JPMorgan judged that tight advanced-process supply may continue until 2028. 7. Ministry of Commerce: China Will Work with the EU to Promote the Development of Bilateral Dual-Use Item Trade Importance: Ministry of Commerce spokesperson He Yadong said at a regular press conference on the 15th, in response to a question about rare earth export licenses to the EU, that China is willing to continue facilitating the approval of rare earth export licenses to the EU, and also hopes the EU will facilitate the reciprocal resolution of key licensing cases for China in dual-use fields. China will work with the EU to continue leveraging the export control dialogue mechanism and promote the development of bilateral dual-use item trade. Opportunities to Watch Ahead The editor has sorted through market-watched investment opportunities and found that the Apple supply chain and others are drawing attention. 1. Apple Intelligence Has Been Approved in China, Test Version to Launch at End of October. According to media reports, on October 15, Apple Executive Chairman Cook revealed that Apple Intelligence has been approved in China. A test version will come later in October, with initial features including real-time translation, writing tools, and image removal, while Siri AI is not included. Analysts believe that as Apple Intelligence is scheduled to enter China, on-device AI is becoming a new growth pivot for the Apple supply chain. AI phones place higher demands on computing power, memory, thermal management, acoustics, optics, and other areas, driving a systematic rise in supply chain value. In addition, the following sectors are also worth watching: 2. AI Manufacturing | Covering more than 1,000 scenarios, the Ministry of Industry and Information Technology releases an AI "industry navigation map." 3. Energy Storage | MIIT: Energy storage battery output exceeded 420GWh in the first half, and "involution-style" competition must be resolutely prevented. 4. Communications | The communication sensing network has been put into operation, with 5G network coverage in the Bohai Sea area exceeding 80%. Listed Company Positive and Negative Announcements The editor reminds you to watch Ganfeng Lithium Group's first-three-quarter net profit surging more than 195-fold, etc.; on the negative announcement side, note that 360 Security Technology Inc. was reduced by more than 56 million shares, etc. Positive Announcements 1. Ganfeng Lithium Group: First-three-quarter net profit up 19541% year-on-year, with increased selling prices and sales volume of lithium series products 2. Wus Printed Circuit: Controlling shareholder proposes cash dividend of no less than 2.2 billion yuan for 2026 3. Eoptolink Technology Inc.,: Controlling shareholder proposes buyback of 800 million to 1 billion yuan of shares 4. Suzhou TFC Optical Communication: Controlling shareholder proposes buyback of 100 million to 150 million yuan of A-share shares 5. Biwin Storage Technology: Controlling shareholder proposes buyback of 200 million to 250 million yuan of A-share shares, to be cancelled and reduce registered capital Negative Announcements 1. 360 Security Technology Inc.: Tianjin Qixin Zhicheng Technology Co., Ltd. reduced 56.0358 million shares, accounting for 0.800562% 2. Sanan Optoelectronics: Controlling shareholder and indirect controlling shareholder have been applied for bankruptcy reorganization 3. Xiamen King Long Motor Group: Major arbitration involving a wholly owned subsidiary, with claimed damages temporarily calculated at 60.7332 million euros 4. Dalian Bio-Chem: 1.8306 million shares held by Guangyao Zhixin were judicially forcibly sold 5. Guangdong Deerma Technology: Shanghai Panmao reduced 22.9624 million shares, accounting for 4.97%, and the plan has been completed This article is reprinted from "Tencent Zixuangu." GMTEight editor: Li Fo.