Cambricon(SH:688256) Hua Xia Shi Bao·2025-09-01 04:36Market Overview - On the first trading day of September, A-shares opened higher with the Shanghai Composite Index up by 0.12%, Shenzhen Component Index up by 0.11%, and ChiNext Index up by 0.55%. However, the North Stock 50 Index fell by 0.76% [1] - The total trading volume in the three major markets (Shanghai, Shenzhen, and Beijing) reached 18,465 billion yuan, a decrease of 287 billion yuan from the previous day, with over 3,100 stocks rising [1] Sector Performance - The gold and non-ferrous metal sectors experienced significant gains, with gold stocks collectively surging. Notable stocks such as Western Gold, Hunan Silver, and Shengda Resources hit the daily limit [3][4] - The international spot gold price opened high on September 1, reaching a peak of 3,485 USD/ounce, marking the highest level since late April [5] - In August, the main gold futures contract on the New York Mercantile Exchange saw a cumulative increase of over 5%, achieving the best monthly performance since April [6] Financing and Investment Trends - The financing balance in A-shares continues to rise, reaching 22,454.72 billion yuan as of August 29, just 211.63 billion yuan short of the historical high. The Shenzhen market's financing balance hit a record high of 10,971.74 billion yuan [7] Company-Specific News - Alibaba Cloud responded to rumors regarding a significant order for Cambrian's chips, clarifying that the reported order of 150,000 units was inaccurate. Following this, Cambrian's stock experienced a sharp decline, with a drop of 8.96% at one point [8] - Goldman Sachs has raised its 12-month target price for Cambrian by 14.7% to 2,104 yuan, marking the second upward revision within a week [9][10]