Core Viewpoint - Jiechuan Intelligent plans to invest up to 4 billion yuan in IT equipment and components to advance its artificial intelligence strategy and business transformation [1][2] Group 1: Investment in IT Equipment - The company aims to purchase IT equipment and components from multiple suppliers to enhance its cloud computing business and related technology product development [2] - The expected delivery time for the IT equipment and components is June 2026 [3] - The investment represents a significant commitment, with Jiechuan's total assets reported at 2.954 billion yuan as of Q3 2025 [3] Group 2: Development of Cloud Computing Business - Jiechuan Intelligent is focusing on the development of its "Intelligent Computing Cloud" business, which has seen rapid market demand growth [4] - The company has established a strategic partnership with Moer Thread to promote its proprietary brand of integrated computing devices [4] Group 3: Financial Performance - For Q3 2025, Jiechuan reported a revenue of 283 million yuan, an increase of 85.8% year-on-year, and a net profit of 640,100 yuan, marking a turnaround from previous losses [5] - The company’s revenue for the first three quarters of 2025 reached 599 million yuan, a year-on-year growth of 30.73% [5] Group 4: Capital Increase for Subsidiary - Jiechuan plans to increase its investment in its wholly-owned subsidiary, Guangdong Jiechuan Intelligent Technology Co., Ltd., by 170 million yuan, raising its registered capital from 124.8 million yuan to 294.8 million yuan [6] - The subsidiary reported total assets of 204 million yuan and a net profit of 9.24 million yuan for the first three quarters of 2025 [6]

Group 1 - Nvidia requires overseas customers to pay full prepayment for its H200 AI chips, with orders exceeding 2 million units, and TSMC has been asked to increase production [2] - Sinopec and China National Aviation Fuel are undergoing a restructuring approved by the State Council, aiming to reduce aviation fuel supply costs and enhance industry competitiveness [2] - Alibaba's Taobao Flash Sale has made significant progress, targeting to achieve absolute market share leadership by 2026, reflecting an upgrade in the company's competitive strategy in the e-commerce sector [2] - Nestlé has expanded its global recall of infant formula to at least 50 countries, including China, with regulatory bodies urging the company to manage the recall effectively [2] - TSMC maintains high capacity utilization for advanced processes, with continued demand for 3nm processes, and has paused new project initiations while encouraging clients to evaluate the adoption of 2nm processes [2] Group 2 - Zhongwei Company’s major shareholder plans to reduce its stake by up to 2%, which may exert short-term pressure on the company's stock price [4] - Huaxia Happiness is expected to report a loss in 2025, facing dual pressures from operational losses and arbitration involving its controlling shareholder [4] - Jiechuang Intelligent plans to procure IT equipment and components worth up to 4 billion yuan to enhance its cloud computing infrastructure [4] - Pritchard anticipates no large-scale orders for LCP film products in the brain-computer interface sector in the short term, advising the market to view the concept rationally [4] - Unisoc has initiated IPO counseling, benefiting from the AI-driven demand growth in storage chips, contributing to a wave of IPOs in the industry [4] Group 3 - Changxin Technology's application for an IPO on the Sci-Tech Innovation Board has been officially accepted, marking a significant step in its listing process [5] - Geely Automobile has obtained an L3-level autonomous driving road test license for its Zeekr 9X model, covering an area of 9,224 square kilometers [5] - HSBC's proposal to privatize Hang Seng Bank has been approved by the bank's court meeting and shareholder meeting, with the delisting expected on January 27, 2026 [5] - JD.com has established a "Chameleon Business Department" to oversee the development and commercialization of core AI products [5] - Anta Sports has made a takeover offer to acquire 29% of Puma from the Pinault family, although negotiations are reportedly stalled [5] Group 4 - Apple’s market value has dropped to third globally, with its annual shareholder meeting scheduled for February 24, and CEO Cook's total compensation for 2025 set at $74.3 million [6] - Alphabet has risen to second globally, driven by its AI business, and is enhancing collaboration with Siemens on industrial AI operating systems [6] - Meta Platforms is under scrutiny by China's Ministry of Commerce regarding its acquisition of the AI platform Manus, with delays in the release of AI smart glasses [6] - Microsoft has partnered with Shopify, PayPal, and Stripe to launch a retail AI Copilot Checkout feature, while restructuring its GitHub team to strengthen AI development [6] - Amazon has adjusted its target price and is requiring employees to provide proof of work efficiency, indicating potential personnel optimization [6] Group 5 - Samsung Electronics has regained the top share in the global DRAM market and is in talks with Qualcomm for 2nm chip foundry collaboration [9] - Toyota has announced the independence of Gazoo Racing as a high-performance sub-brand and launched new models in the European market [9] - LG Electronics' CEO presented a profit-oriented growth strategy at CES 2026, focusing on sustainable development [9] - Mitsubishi UFJ Financial Group plans to establish a full-service bank in the EU to expand overseas financing profits [9] - SK Hynix has lost its position as the global leader in the DRAM market and is focusing on domestic energy storage orders [9]

Core Viewpoint - The company plans to purchase IT equipment and components totaling no more than RMB 4 billion to advance its artificial intelligence strategy and business transformation [1] Group 1: Investment Details - The procurement of IT equipment and components is primarily aimed at supporting the company's cloud computing business and related technology product development [1] - The transaction does not involve personnel placement, land leasing, or debt restructuring, ensuring that it will not result in related party transactions upon completion [1]

Group 1 - The HP ProLiant DL388 Gen10 (826565-AA1) is an economical and efficient server designed with a compact form factor, featuring the Xeon Silver 4110 processor, balancing scalability, performance, reliability, and manageability [1][5]. - The server is currently on promotion at an authorized dealer in Chengdu for a price of 20,000 yuan, with free installation, debugging, and training services included [1][5]. - The server utilizes a 2U rack structure and is equipped with an 8-core, 16-thread Xeon Silver 4110 processor, operating at a base frequency of 2.1GHz and capable of reaching up to 3.0GHz with Turbo Boost [2][6]. Group 2 - The HP ProLiant DL388 Gen10 supports up to 32GB of memory and includes a smart array P408i-a disk controller, making it suitable for data-intensive applications [2][6]. - Chengdu Qiangchuan Technology Co., Ltd., established in 2011, focuses on providing professional IT services, including network technology services, software development, IT product distribution, and system integration [2][3]. - Qiangchuan Technology is recognized as a comprehensive IT service provider, offering a wide range of IT products and solutions, and has built a strong reputation among clients in various sectors such as government, education, finance, telecommunications, and manufacturing [3][7].

Core Viewpoint - The company plans to procure IT equipment and components from multiple suppliers for a total amount not exceeding 4 billion yuan, primarily to support its cloud computing business and related technology product development [2] Group 1 - The procurement is aimed at advancing the company's technology product development [2] - This initiative is part of the company's strategy to deeply integrate into the cloud computing industry ecosystem [2] - The procurement represents an important step in the company's implementation of its artificial intelligence strategy and ongoing business upgrade and transformation [2]

Group 1 - The satellite broadcasting center has developed a total of 10.16 million HD users by December 31, 2025, with an addition of 1.76 million HD users in 2025 [2][7] - The satellite broadcasting center has accumulated a total of 155.24 million live satellite users by December 31, 2025 [3][8] - The competition among operators in the trillion-yuan satellite market is intensifying [9] Group 2 - The development of 6G technology is expanding smart new terminal applications [9] - Domestic institutions are actively laying out overseas FAST markets [9] - The video platform's financial report for Q3 2025 indicates significant developments in the broadcasting industry [10]

Market Overview - The Hong Kong stock market continued its downward trend on January 8, with the Hang Seng Index and Hang Seng Tech Index both falling over 1% [1][9] - Major tech stocks such as Meituan, Alibaba, and Tencent experienced declines, while Bilibili saw a rise of over 2% [1][9] - The Hong Kong Internet ETF (513770) closed down 0.93%, indicating a persistent premium and a positive attitude from buyers, with over 500 million yuan net inflow in the last three days [1][9] Alibaba Developments - Alibaba announced significant progress in its Taobao Flash Sales in the latest quarter and plans to increase investments to achieve market leadership [3][11] - Forecasts suggest that the market share of Taobao Flash Sales will continue to grow strongly by Q4 2025, with a faster reduction in losses compared to competitors [3][11] - The Ministry of Commerce predicts that China's instant retail market will exceed 1 trillion yuan by 2026 and reach 2 trillion yuan by 2030 [3][11] AI Advancements - Alibaba's Amap has upgraded its "Street Scanning List" with new features, leveraging self-developed world model technology to introduce a "Flying Street View" function [3][11] - Industry experts believe Amap is building a continuously evolving "true" digital asset pool, positioning itself as a super hub in the AI era [3][11] - The profitability cycle of the AI industry is expected to drive growth for major internet companies like Alibaba and Tencent, with a projected 34% EPS growth for the Hang Seng Tech Index by 2026 [3][11] Capital Inflows - Since the beginning of the year, southbound funds have significantly purchased Hong Kong stocks, with a net inflow of 30.78 billion HKD in the first three trading days of 2026 [4][12] - Major beneficiaries include Xiaomi, which received a net inflow of 3.148 billion HKD, and Alibaba, which saw over 2 billion HKD in net purchases [4][12] - Goldman Sachs forecasts that southbound fund inflows will reach a new high of 200 billion USD in 2026, driven by the current 37% premium of AH shares, highlighting the valuation advantages of Hong Kong stocks [4][12] Market Outlook - According to Guangfa Securities, the rise in Hong Kong assets is supported by fundamentals, with signs of structural recovery in profitability starting from the second half of 2024 [4][12] - The shift from liquidity-driven growth to a combination of profitability and liquidity is anticipated, especially with the decline of food delivery subsidies and the emergence of AI-driven advertising and cloud services as new growth points [4][12] - The Hong Kong Internet ETF and its linked funds track the CSI Hong Kong Internet Index, with major holdings in Alibaba, Tencent, and Xiaomi, accounting for over 78% of the top ten weighted stocks [4][12] Top Holdings in Hong Kong Internet ETF - Tencent Holdings (0700.HK) - 15.42% [5][13] - Alibaba (0988.HK) - 14.50% [5][13] - Xiaomi Group (1810.HK) - 13.11% [5][13] - Meituan (3690.HK) - 12.03% [5][13] - Kuaishou (1024.HK) - 4.24% [5][13]

Group 1 - Jinli Permanent Magnet expects a net profit of 660 million to 760 million yuan for 2025, representing a year-on-year growth of 127% to 161% [1] - Wens Foodstuffs anticipates a net profit of 5 billion to 5.5 billion yuan for 2025, a decrease of 40.73% to 46.12% compared to the previous year [2] - New Open Source plans to repurchase shares worth 40 million to 50 million yuan, with a maximum repurchase price of 25.77 yuan per share [3] Group 2 - Fosun Pharma's subsidiary has had a drug registration application accepted for a new drug targeting ALK-positive non-small cell lung cancer [4] - Leike Film reported a net profit of -86 million yuan for the first three quarters of 2025, indicating a potential annual loss [5] - Crown Stone Technology's application for a specific issuance of A-shares has been accepted by the Shanghai Stock Exchange [6] Group 3 - Dongxin Technology has completed the business registration change for its subsidiary, Lishuan Technology, and has invested 211 million yuan in it [7] - Tianci Materials has increased its commodity futures hedging business limit from 150 million to 300 million yuan [8] - Gaode Infrared's actual controller has reduced his shareholding by 0.54%, bringing his stake down to 62.95% [9] Group 4 - Tianyong Intelligent expects a net profit of 10 million to 15 million yuan for 2025, marking a turnaround from losses [10][11] - China Merchants Energy anticipates a net profit of 6 billion to 6.6 billion yuan for 2025, an increase of 17% to 29% year-on-year [18] - Guangdong Electric Power A's Huizhou Power Plant's Unit 5 has been put into commercial operation, with an investment of 8.05 billion yuan [19] Group 5 - Jianghuai Automobile reported a 42.24% year-on-year increase in sales volume for December 2025 [25] - China Pharmaceutical's subsidiary has received a drug registration certificate for a new medication [26] - TianNeng Co. plans to use up to 12 billion yuan of its own funds for entrusted wealth management [27] Group 6 - Luoyang Huizhong reported a 10.55% month-on-month decrease in sales revenue from live pigs for December 2025 [28] - Baolidi expects a net profit of 145 million to 152 million yuan for 2025, a year-on-year increase of 27.17% to 33.30% [30] - Changchun High-tech's subsidiary has had a melatonin granule registration application accepted [31] Group 7 - Zhongmin Energy reported a 4.46% year-on-year decrease in cumulative on-grid electricity for 2025 [32] - Huaxin Electronics reported a 7.79% year-on-year decrease in consolidated operating revenue for December 2025 [35] - Xiamen Airport reported a 2.79% year-on-year increase in passenger throughput for December 2025 [36] Group 8 - Baiyun Airport reported a 12.27% year-on-year increase in passenger throughput for December 2025 [37] - Pulaike has received a new veterinary drug registration certificate for a chewable tablet [38] - Yunnan Energy Holdings' subsidiary has reduced its stake to 84% after a capital increase [39] Group 9 - Gansu Energy Chemical's new thermal power project has successfully completed trial operation [41] - Zhenghong Technology reported a significant decrease in sales revenue from live pigs for December 2025 [42] - Huasheng Lithium Battery is planning to issue H-shares for listing on the Hong Kong Stock Exchange [43] Group 10 - Jincheng Mining has signed a mining production contract with an estimated total price of approximately 510 million yuan [44] - Microchip Biotech has received approval for clinical trials of a new drug for pancreatic cancer [45] - Yahon Pharmaceutical has completed the first patient enrollment for a Phase I clinical trial of its drug [46]

人民财讯1月8日电，广州市人民政府办公厅印发《广州市加快建设先进制造业强市规划(2024—2035 年)》。其中提出，加快研发具有自主知识产权的操作系统、数据库、中间件、办公软件等通用基础软 件，提高产品兼容性，加快构建新型自主产业生态。聚焦CAD/CAM/CAE等工业通用工具软件、EDA技 术研发与应用、工业软件共性支撑技术、重大工程与特色行业软件等方面，推动建立新的工业软件标 准，掌握自主知识产权，取得若干标志性成果，统筹推进自主创新工业操作系统、中间件、工业APP、 新型数据库管理系统的全面应用。开展工业APP开发与应用创新，推动优秀工业APP及应用解决方案在 行业内的推广应用。布局下一代云计算软件体系，提升云安全水平和智能云服务能力，支持高性能采 集、高容量存储、海量信息处理、人工智能算法、工具群、区块链等技术创新。加快发展新型机器学 习、虚拟现实、元宇宙相关新兴平台软件。 ...

Core Viewpoint - The announcement highlights a strategic partnership between Runjian Co., Ltd. and JD Technology, focusing on collaboration in artificial intelligence, cloud computing, and intelligent computing power [1] Group 1: Strategic Collaboration - The companies signed a Strategic Cooperation Framework Agreement on January 8, 2026, to explore AI technology integration and commercial applications [1] - The partnership aims to leverage both companies' strengths in industry model development, intelligent agent distillation, and multi-agent system construction [1] Group 2: Application Areas - The collaboration will focus on scaling AI solutions in sectors such as smart agriculture, intelligent parks, digital cultural tourism, and smart retail [1] - Both companies will invest core resources to deploy JD Cloud's dedicated high-performance computing nodes at the Nanning Wuxiang Cloud Valley Intelligent Computing Center [1] Group 3: Technical Upgrades and Market Expansion - JD Technology will support Runjian Co., Ltd. in upgrading "Runjian Cloud" technology and enhancing its brand through its advanced cloud technology architecture and extensive ecosystem [1] - The partnership aims to jointly promote "Runjian Cloud" products and services across diverse markets [1] Group 4: Computing Power Collaboration - The companies plan to engage in comprehensive deep cooperation in the computing power sector, covering infrastructure, cluster services, maintenance services, and intelligent scheduling platform construction [1] - They will explore building an efficient and reliable advanced computing power service system together [1]