Group 1 - Semiconductor stocks have risen significantly, with notable increases in companies such as Jingmen Semiconductor (+7.14% to HKD 0.6), Huahong Semiconductor (+5.42% to HKD 71.95), SMIC (+2.67% to HKD 74.9), and Shanghai Fudan (+2.25% to HKD 42.68) [1] - Moer Thread's IPO application has been approved, marking the shortest time from submission to approval among this year's new companies on the Sci-Tech Innovation Board, with plans to raise CNY 8 billion for various AI and graphics chip development projects [1] - The semiconductor equipment sector is experiencing strong performance, driven by increased demand for storage due to AI data centers and ongoing domestic substitution trends, indicating a new growth phase for the equipment industry [1] Group 2 - The focus on domestic substitution and technological breakthroughs is emphasized as key areas for investment, with major storage manufacturers initiating new projects and expanding advanced logic production [1]