A-share pre-market report | 600 billion increment funds! Two top securities firms set up asset management plans to invest in these assets

Morning Major News Overview 1. Central Political Bureau of the Communist Party of China: vigorously promote the construction of a modern industrial system, accelerate the development of new productive forces Importance: The Central Political Bureau of the Communist Party of China held a meeting on February 29 to discuss the draft of the "Government Work Report" to be submitted to the Second Session of the 14th National People's Congress for review. The meeting emphasized the need to vigorously promote the construction of a modern industrial system and accelerate the development of new productive forces this year. 2. Shenzhen Stock Exchange held a forum: promoting the rapid formation of new productive forces, companies attending are involved in advanced manufacturing and other fields Importance: On February 28, the Shenzhen Stock Exchange organized a forum for listed companies to gather opinions and suggestions on strengthening the capital market and the construction of the Shenzhen Stock Exchange, accelerating the formation of new productive forces, and promoting the high-quality development of the economy. The participating companies include representatives from basic industries as well as innovative benchmarks in emerging industries, covering areas such as advanced manufacturing, digital economy, green low-carbon, biopharmaceuticals, and consumer retail. 3. 600 billion incremental funds! Two top securities firms jointly establish asset management plans to invest in listed companies at home and abroad Importance: On February 28, China Securities Financial Assets announced that it plans to contribute no more than 40 billion yuan to set up a single asset management plan by China Securities Co., Ltd. for investments in high-quality assets of listed companies in domestic and foreign markets (including but not limited to bonds and stocks). One month ago, China Securities Financial Assets reached a similar cooperation agreement with CITIC SEC. It is reported that China Securities Financial Assets has entrusted a total of up to 60 billion yuan to CITIC SEC and China Securities Co., Ltd. 4. Hydrogen energy market heats up! Some companies respond to progress, others are busy distancing themselves Importance: Zhejiang Narada Power Source stated that the company is positioning itself in the hydrogen fuel cell field through its stake in XinYuan Power Stock Co., Ltd.; Qingdao Copton Technology stated that as of now, its subsidiaries have delivered 10 vehicles equipped with the company's hydrogen products to external customers; Haima Automobile announced that the hydrogen fuel cell vehicle 7X-H will soon start small-scale demonstration operation in Haikou; Sichuan Golden Summit and Shanghai Tianyong Engineering issued risk reminders, stating that they do not have relevant products and are not concept stocks in hydrogen energy. 5. The 158 trillion market welcomes good news! The variety of bond investment products at the counter expands, allowing savings to be converted into investments Importance: The People's Bank of China issued a document to further expand the variety of bond investment products available at the counter, optimize related mechanisms and arrangements to facilitate bond investment by residents and other institutional investors. The relevant person in charge of the PBOC stated that bonds are fixed-income products, government bonds possess both asset security and liquidity, and investment returns have certain advantages over deposits. By investing in the bond market through counter channels, savings can be efficiently converted into bond investments, increasing residents' property income. Economic Calendar Self-selecting brother reminder, there are no new stock subscriptions on the Shanghai and Shenzhen markets today, and the new stock Shanghai Longcheer Technology is listed. 1. 9:30 China's official manufacturing PMI for February will be released, with institutions expecting it to remain below the boom-bust line 2. 15:00 The State Council Information Office will hold a regular policy briefing to further optimize payment services and improve payment convenience Opportunities in Advance Self-selecting brother identified investment opportunities in the market that are receiving attention, such as AI servers, microgrids, domestically-produced large aircraft, and other themes. 1. Dell's performance exceeded expectations, AI server demand is growing, and its stock soared 20% after hours Dell Technologies' fourth-quarter financial report showed better performance than analysts' expectations, with its stock soaring up to 20% after hours. Dell's CEO stated that our strong momentum in AI-optimized servers continues, with a nearly 40% increase in orders and a doubling of backlogs. Review: Sealand believes that AI servers will see a high increase of 38% year-on-year in 2023, and from 2024 to 2026, it is estimated to maintain a 20%-30% annual growth rate. For server manufacturers, focus on Foxconn Industrial Internet, Inspur Electronic Information Industry, Dawning Information Industry, while for server components, focus on Hygon Information Technology, Cambricon, and Sugon. 2. China accelerates the development of green manufacturing, encourages industrial parks to establish green microgrids The Ministry of Industry and Information Technology and six other departments issued guiding opinions on accelerating the development of green manufacturing in the country, encouraging eligible enterprises and industrial parks to establish green microgrids to promote the efficient utilization of multiple energies and the high proportion use of renewable energy sources. Review: Shenwan Hongyuan Group stated that as industrial and commercial users directly enter the power market, the commodity attributes of electricity are restored, and microgrids as effective carriers for enterprises to participate in the electricity market are expected to accelerate demand. Among A-share companies, Acrel Co., Ltd. focuses on enterprise microgrid energy efficiency management, while Ningxia Jiaze Renewables Corporation, Shenzhen Inovance Technology, and others have layouts in this area. 3. Civil Aviation Administration: Build a strong aviation transport country by 2035, achieve large-scale operation of domestically produced large aircraft On February 29, the CCTV reporter learned from the Civil Aviation Administration's "Action Plan for Building a Strong Country in Transportation in the New Era and Embarking on a New Journey of Civil Aviation Construction" that China aims to build a strong country in aviation transport by 2035, with domestically produced large aircraft achieving large-scale operation. This is the translated text of the news article.Basic equipment has achieved independent controllability, and domestically-produced large aircraft have achieved large-scale operation.Review: Chuancai Securities stated that in the long process of the aviation industry, the localization rate is expected to reach 60% and above. China has cultivated and formed a relatively complete large aircraft industry chain, actively promoting the localization and independent controllability of core systems. Recommended stocks to watch include Avic Aviation High-Technology, Western Superconducting Technologies, AECC Aviation Power, and AECC Aero-Engine Control. Market Outlook Founder: The market closed with a positive candlestick pattern on Thursday, and the market outlook for the Two Sessions is promising. The market recovered from Wednesday's losses on Thursday, although trading volume shrank, the market still showed strong momentum. In the short term, it will likely test the resistance above 3050 points, and the monthly chart formed a rare bottom "positive covering negative" pattern, laying the foundation for the market in March. During the window period near the "Two Sessions", the market is likely to fluctuate between 3000 and 3100 points. Positive and Negative Announcements of Listed Companies In terms of positive announcements, it is worth noting that LONGi Green Energy Technology has announced a stock repurchase plan of over 300 million yuan, among others. On the negative side, several hydrogen energy concept stocks have warned of risks. Positive Announcements: 1. LONGi Green Energy Technology: Plans to repurchase company shares worth 3-6 billion yuan. 2. Sunwoda Electronic: Plans to repurchase shares worth 3-5 billion yuan. 3. Sichuan Zigong Conveying Machine Group: Plans to repurchase shares worth 1-2 billion yuan. 4. ZWSOFT Financial Report: Net profit for 2023 was 62.255 million yuan, an increase of 887.9% year-on-year. 5. GCL System Integration Technology: Subsidiary signed a 1.217 billion yuan EPC contract. Negative Announcements: 1. Shanghai Tianyong Engineering: The company has no hydrogen-related products generating income. 2. Sichuan Golden Summit: The company has no hydrogen-related products generating income. 3. Qingdao Copton Technology: Subsidiary Qingdao Hydrogen Start New Energy Technology Co., Ltd. is still in the early stages of business development. 4. Beijing Jingcheng Machinery Electric: Limited contribution to the company's performance from hydrogen storage tanks and related products. 5. Xiong'an New Power Technology: No significant changes in the company's fundamentals at present. Unblocking List In terms of unblocking ratio, Guangdong Shunkong Development has an actual unblocking ratio of 80.16% next week, followed by Hangzhou MDK Opto Electronics Co., Ltd. and Shanghai Yongmaotai Automotive Technology. Overseas Markets The US stock market closed slightly higher on Thursday, with the Nasdaq hitting a new closing high and the Nasdaq China Golden Dragon Index rising over 12% in February. The price of gold reached a one-month high on Thursday, while the price of US WTI crude oil futures fell on Thursday. This article is reproduced from "Tencent Stock Selection". Editor: Ye Zhiyuan.