JOEONE(SH:601566) Zhong Guo Zheng Quan Bao·2025-11-20 09:53Market Overview - The three major A-share indices experienced a pullback today, with the Shanghai Composite Index down 0.4%, the Shenzhen Component down 0.76%, and the ChiNext Index down 1.12% [1] Individual Stocks - China Fortune Land Development (合富中国) resumed trading after a three-day suspension and was heavily favored by investors, hitting the daily limit with a closing price of 26.18 CNY per share and a total market capitalization of 10.42 billion CNY. The stock has seen 13 limit-ups in the last 15 trading days, with a cumulative increase of 291.92% [2] - Jiumuwang (九牧王) exhibited a volatile trading pattern, achieving a "7 consecutive limit-up" performance, closing at 18.41 CNY per share with a total market capitalization of 10.58 billion CNY and a trading volume of 1.655 billion CNY [8] Sector Performance - The computing power sector showed active performance in the afternoon, with notable stocks like Zhongfu Electric (中富电路) hitting the daily limit and Tengjing Technology (腾景科技) rising over 10% to reach a new historical high. The Huawei Euler concept sector also saw a surge, with *ST Dongtong (东通) achieving two consecutive limit-ups and Qingyun Technology rising over 10% [3][7] Industry Insights - Nvidia reported record revenue of 57 billion USD for the third quarter ending October 26, 2025, a 62% year-over-year increase, exceeding analyst expectations. The net profit reached 31.9 billion USD, a 65% increase year-over-year [7] - Huawai announced an upcoming forum focused on AI container applications, aiming to enhance computing resource utilization efficiency [7] - Research from Zhongtai Securities indicates that AI computing power is becoming a major growth engine in the telecommunications industry, with a focus on the supply chain of optical modules and related components [7] - Changjiang Securities highlighted the rapid expansion of AI-driven computing infrastructure and the increasing capital expenditure directed towards intelligent computing centers, indicating a strong growth outlook for the industry [7]