SMIC(SH:688981) Xuan Gu Bao·2025-11-14 00:15Market Overview - Major US stock indices experienced their largest monthly decline, with the S&P 500 down 1.66%, the Dow Jones down 1.65%, and the Nasdaq down 2.29% [1] - Chip and AI-related stocks faced significant losses, with the chip index dropping nearly 4%. Notable declines included Nvidia down 3.6%, AMD down over 4%, Palantir down over 6%, and Oracle down over 4% [1] - Chinese concept stocks also fell, with Bilibili down nearly 5% and JD down nearly 2%, while Alibaba rose 1.2% [1] Commodity Prices - Oil prices rebounded after hitting a three-week low, rising over 1% during the session [2] - Gold prices reached a three-week high before turning down, with a drop exceeding 1% at one point [2] Cryptocurrency Market - The cryptocurrency market entered a bear phase, with Bitcoin falling below $100,000, dropping nearly 6% to below $98,000, and Ethereum experiencing a decline of over 10% [3] Domestic Events - Chinese Premier Li Qiang is set to attend the Shanghai Cooperation Organization and G20 summits, along with an official visit to Zambia [4] - The Ministry of Commerce confirmed ongoing negotiations with the Netherlands regarding economic cooperation [5] - The Chairman of the China Securities Regulatory Commission (CSRC) will visit France and Brazil for discussions with international investors [6] - The CSRC approved the IPO application for Mu Xi Integrated Circuit Co., which will be listed on the Sci-Tech Innovation Board [9] Financial Data - The People's Bank of China reported that by the end of October 2025, the total social financing scale was 437.72 trillion yuan, a year-on-year increase of 8.5%. In October, new social financing was 810 billion yuan, with new RMB loans amounting to 220 billion yuan [8] Industry Developments - China has completed the first phase of 6G technology trials, with over 300 key technology reserves established [12] - Dongfeng Motor showcased its next-generation high-energy solid-state battery at the World Power Battery Conference, with plans for mass production by September 2026 [12][13] - Semiconductor manufacturer SMIC reported a revenue of 49.51 billion yuan for the first three quarters, a year-on-year increase of 18.2%, and a net profit of 3.818 billion yuan, up 41.1% [13][14] New Stock Offerings - Hai'an Group is set to launch an IPO with an issue price of 48 yuan, focusing on tire production and sales [15] Company Announcements - SMIC's third-quarter net profit reached 1.517 billion yuan, a 43.1% increase year-on-year [16] - Bory Pharmaceutical received approval for clinical trials of BGM1812 injection, a unique weight loss treatment [16] - Lide Man plans to acquire a 70% stake in Xiansheng Xiangrui for 1.733 billion yuan, focusing on in vitro diagnostic reagents and vaccines [16]