Market Overview - On August 25, the Shanghai Composite Index rose by 1.51%, the CSI 300 increased by 2.08%, the STAR 50 climbed by 3.2%, the CSI 1000 went up by 1.56%, the ChiNext Index surged by 3%, and the Hang Seng Index gained 1.94% [4] - The best-performing sectors on August 25 were telecommunications (+4.85%), non-ferrous metals (+4.63%), real estate (+3.32%), comprehensive (+3.31%), and steel (+2.74%). The worst-performing sectors included beauty care (+0.01%), textiles and apparel (+0.17%), oil and petrochemicals (+0.39%), light industry manufacturing (+0.55%), and automotive (+0.71%) [4] Important Recommendations - The report highlights Huakin Technology (603296) with a focus on the acceleration of domestic supernodes and the potential for data business elasticity to exceed expectations. The company is building a full-stack AI product and solution portfolio, particularly positioning itself advantageously with major internet companies like Tencent [5] - The domestic supernode progress is ahead of expectations, with RACK penetration rates expected to grow rapidly, benefiting leading manufacturers. The company is actively constructing a global AI ecosystem, deeply engaging in servers, switches, and other full-stack product combinations, and is a domestic leader in the supernode field [5] - Revenue projections for Huakin Technology from 2025 to 2027 are estimated at 140,721.92 million, 176,689.93 million, and 222,848.59 million yuan, with growth rates of 28.07%, 25.56%, and 26.12% respectively. Net profit attributable to shareholders is forecasted at 4,031.13 million, 5,456.61 million, and 7,135.85 million yuan, with growth rates of 37.76%, 35.36%, and 30.77% respectively [5]