Core Viewpoint - Huawei's HarmonyOS devices have surpassed 10 million units, and the company's executive, Yu Chengdong, addressed external doubts regarding the operating system's development during a recent interview [1] Group 1: Product Development - Yu Chengdong expressed hopes for increased shipment volumes of HarmonyOS foldable computers, which would lead to lower costs and more affordable prices for consumers [1]

Market Overview - The overall market is in a turbulent phase, but interest rate cuts provide a hedge, leading to strong demand for CATL (宁德时代) shares, boosting market confidence [1] - The Hang Seng Index continued to rise last week [1] - A new round of tariffs was announced by Trump, imposing a 50% tariff on the EU and a 25% tariff on non-US smartphone manufacturers starting June 1, which negatively impacts consumer electronics [1] - The upcoming Federal Reserve meeting minutes may exert pressure on US stocks if they lean hawkish [1] - The National Development and Reform Commission approved the "Green and Low-Carbon Development Action Plan for Manufacturing (2025-2027)" [1] Nuclear Energy Sector - Trump's executive order aims to promote the US nuclear power industry, leading to a surge in related company stock prices [3] - The order requires the Nuclear Regulatory Commission to reduce regulatory measures and expedite the approval of new reactors and nuclear plants [3] - China General Nuclear Power Corporation (中广核矿业) expects a revenue of 8.624 billion yuan in 2024, a year-on-year increase of 17.05%, with a pre-tax profit of 814 million yuan, up 48.3% [3] AI and Technology Sector - The AI industry is accelerating, with significant advancements in Agent commercialization, including updates to Google's Gemini 2.5 model and Anthropic's Claude 4 model [5] - Huawei's HarmonyOS PC was officially launched, marking a breakthrough in the consumer sector [6] - The potential market for HarmonyOS PCs is substantial, with an estimated annual market shipment of 40 million units in mainland China in 2024 [6] Market Data - The Hong Kong Stock Exchange reported a total of 101,082 open contracts for the Hang Seng Index futures in May, with a net open interest of 34,435 contracts [7] - Concerns over rising funding costs were raised due to a significant drop in long-term bonds in Japan and the US [7]

Group 1 - China's digital economy continues to show strong growth, with the core industry value-added growth rate maintaining above 10%, significantly higher than the GDP growth rate during the same period [3][7]. - At the Guizhou Moutai shareholders' meeting, Chairman Zhang Deqin emphasized the need for the Chinese liquor industry to return to its roots, reflecting on the current macroeconomic environment and market conditions [8]. - Huawei launched the world's first Harmony OS foldable laptop, the MateBook Fold ULTIMATE DESIGN, which features an 18-inch screen when unfolded and a starting price of 23,999 yuan, positioning it as the largest commercial foldable screen laptop [9][10]. Group 2 - An Conghui is set to become the CEO of Geely Holding Group, marking a significant leadership change as the company aims to consolidate its operations under the "One Geely" strategy [10]. - Yang Huiyan of Country Garden received a disciplinary notice from the Shanghai Stock Exchange for failing to timely disclose the 2024 interim report, which was submitted late [14]. - The general manager of "fruit first stock" Hongjiu Fruit has been released from restrictions, while the founder remains under arrest due to ongoing investigations related to overdue bank loans [15].

Group 1: Xiaomi's Chip Development - Xiaomi's founder Lei Jun introduced the new "Xuanjie O1" chip, which scored over 3 million on AnTuTu, aiming to compete with Apple [1][9] - Lei Jun acknowledged that Apple is at the top level globally and it is unrealistic to expect Xiaomi to surpass Apple immediately [3][9] - The Xuanjie O1 chip utilizes the advanced 3nm process technology and is designed with a self-developed AP architecture combined with a third-party baseband [11] Group 2: Xiaomi's Product Launch and Market Position - Xiaomi is set to hold a strategic product launch event featuring the Xuanjie O1 chip and the first SUV model YU7 [9] - The YU7 model is expected to be priced higher than 199,000 yuan, with Lei Jun suggesting it should be at least 30,000 yuan more than the Model Y priced at 263,500 yuan [7][9] - Xiaomi's SU7 series has achieved cumulative deliveries of 258,000 units [23] Group 3: Industry Context and Competitiveness - Xiaomi becomes the second Chinese manufacturer after Huawei to achieve mass production and commercialization of flagship SoC chips [9] - An industry insider noted that Xiaomi's chip team is highly competitive, indicating strong potential in the semiconductor market [11]

Group 1: AI and Technology Developments - Anthropic launched the Claude 4 series models, including Claude Opus 4, which is claimed to be the best programming model globally, enhancing programming and reasoning capabilities [2] - Huawei's HarmonyOS foldable computer has received over 140,000 reservations, with the MateBook Fold leading at 108,000 reservations [3] - Honor announced its Alpha strategy to transition from a smartphone manufacturer to an AI terminal ecosystem company, planning to invest $10 billion over the next five years [5] Group 2: Automotive Industry Updates - BYD's electric vehicle sales in Europe surpassed Tesla for the first time in April, with a 169% year-on-year increase, totaling 7,231 new registrations [4] - Xiaomi introduced the Yu7 luxury SUV, with a price expected to be around 300,000 yuan, set to launch in July [4] - GAC Group's GOVY AirCar has initiated airworthiness certification, targeting urban traffic congestion with its multi-rotor flying car [6] Group 3: Semiconductor and Capital Expenditure Insights - Global semiconductor capital expenditure is projected to decrease by 7% quarter-on-quarter but increase by 27% year-on-year, driven by investments in advanced logic and high-bandwidth memory [10] - Memory-related capital expenditure saw a significant year-on-year increase of 57%, while non-memory spending grew by 15% [10] - The introduction of HBM4 technology is expected to raise manufacturing costs, with a premium increase anticipated to exceed 30% [11] Group 4: Corporate Actions and Investments - Demais announced a change in its controlling shareholder, with a framework agreement signed for the transfer of shares [12] - Gaowei Technology invested 10 million yuan in Blue Core Computing, acquiring a 0.6729% stake in the company, which focuses on RISC-V architecture [12]

Group 1: Xiaomi's New Product Launches - Xiaomi officially launched the Xuanjie series chips, with the Xuanjie O1 chip achieving a benchmark score exceeding 3 million on AnTuTu, aiming to compete with Apple's chips [1] - The Xuanjie O1 chip features 19 billion transistors, a second-generation 3nm process, a ten-core quad-cluster CPU architecture, and a 16-core GPU, outperforming Apple's A18 Pro in multi-core and GPU performance [1] - The Xiaomi 15S Pro, Xiaomi Pad 7 Ultra, and Xiaomi Watch S4 will all be equipped with the Xuanjie chip [1] Group 2: Xiaomi Yu7 Electric Vehicle - The Xiaomi Yu7 electric vehicle was launched, featuring the Xiaomi Super Motor V6s Plus with a maximum power of 690 PS, 0-100 km/h acceleration in 3.23 seconds, and a top speed of 253 km/h [2] - The Yu7 has three versions: single-motor rear-wheel drive, dual-motor all-wheel drive, and the high-performance Yu7 Max, with a standard version range of 835 kilometers [2] - The official price for the Yu7 has not been disclosed, but it is expected to be around 300,000 yuan, targeting the Model Y configuration [2] Group 3: Huawei's New Product and Apple's Future Plans - Huawei's HarmonyOS foldable computer has seen nearly 140,000 reservations, with over 100,000 for the model starting at 23,999 yuan [3] - Apple plans to release smart glasses by the end of 2026 to capture the AI device market, while shelving plans for a smart watch with built-in camera capabilities [3] - Apple has updated its product support page, listing the iPhone 7 Plus and certain iPhone 8 models as "vintage" products [3] Group 4: OpenAI's International Project - OpenAI announced the "Stargate UAE" project, which will establish a 1GW data center cluster in Abu Dhabi, expected to be operational by 2026 [4] - This project will enable the UAE to become the first country to implement ChatGPT nationwide, in collaboration with partners like G42, Oracle, NVIDIA, Cisco, and SoftBank [4] Group 5: OpenAI's AI Companion Devices - OpenAI's CEO Sam Altman revealed plans to develop 100 million AI companion devices that will seamlessly integrate into daily life [5] - These devices are designed to be unobtrusive and can be placed in pockets or on desks, aiming to become a third core device alongside MacBook Pro and iPhone [5] Group 6: EV Electra's Investment in High合汽车 - Canadian electric vehicle company EV Electra plans to invest $1 billion in the restructuring of Chinese automaker High合汽车, seeking a controlling stake [6] - High合汽车's new company was established with a registered capital of approximately $143 million, focusing on vehicle production and automotive parts R&D [6] Group 7: Kuaishou's Employee Engagement Strategy - Kuaishou reportedly requires employees in various departments to use the app for at least one hour daily, with usage records submitted to supervisors [7] - This initiative has been humorously referred to as "paid video watching" by netizens [7]

Group 1 - The Chinese government has introduced 15 significant measures to enhance the technology-finance system, focusing on venture capital, monetary credit, capital markets, technology insurance, and bond markets [2] - The Ministry of Commerce reported that retail sales of home appliances have maintained double-digit growth for eight consecutive months, with a year-on-year increase of 38.8% in April [8] - The Ministry of Finance allocated 1.4 billion yuan for agricultural disaster relief, supporting various provinces in crop pest control and related efforts [9] Group 2 - The China Securities Regulatory Commission (CSRC) announced support for high-quality red-chip technology companies to return to domestic listings, aiming to optimize the listing environment [12] - The People's Bank of China will conduct a 500 billion yuan MLF operation, resulting in a net injection of 375 billion yuan for May, marking the third consecutive month of increased liquidity [13] - Nike plans to raise prices in the U.S. starting in June, with expected increases between 2 to 10 dollars, in response to tariff pressures [23] Group 3 - Recent trends show a surge in new consumer companies listed in Hong Kong, with several achieving market capitalizations exceeding 100 billion HKD, contributing to the creation of numerous billionaires [30] - The stock market saw mixed results, with major tech stocks generally rising, including Tesla and Google, while the Dow remained flat [24] - Institutional investors showed significant buying activity in specific stocks, with notable net purchases in Shutaishen and Tianqimo [25]

Group 1 - The Chinese Ministry of Commerce responded to the U.S. export controls on artificial intelligence chips, stating that such actions violate international law and harm Chinese enterprises' legitimate rights [1] - The Ministry emphasized that China will closely monitor the situation and take necessary measures to protect its interests [1] Group 2 - The Ministry of Commerce reported that retail sales of home appliances have maintained double-digit growth for eight consecutive months, with a year-on-year increase of 38.8% in April [6] - This growth positions home appliances as the fastest-growing category among 16 major consumer goods [6] Group 3 - The Ministry of Finance allocated 1.4 billion yuan for agricultural disaster relief, supporting 30 provinces and the Beidahuang Agricultural Reclamation Group in pest control and related efforts [7] - This funding aims to enhance agricultural resilience against significant pest threats [7] Group 4 - The National Healthcare Security Administration reported that from January to April 2025, there were 133 million instances of personal account mutual aid in employee medical insurance, totaling 17.792 billion yuan [8][9] - The mutual aid was primarily used for personal medical expenses incurred at designated medical institutions and retail pharmacies [9] Group 5 - The China Securities Regulatory Commission announced support for high-quality red-chip technology companies to return to domestic listings, aiming to optimize the listing environment [10] - The Commission plans to implement a more flexible and precise mechanism for new stock issuance [10] Group 6 - The People's Bank of China announced a net injection of 375 billion yuan through the Medium-term Lending Facility (MLF) for May, marking the third consecutive month of increased liquidity [11] - This operation is part of a strategy to manage monetary policy effectively [11] Group 7 - Huawei's Harmony OS foldable computer has seen a pre-order volume of nearly 140,000 units, with over 100,000 pre-orders for the foldable model priced starting at 23,999 yuan [19] - This indicates strong market interest and demand for Huawei's new product line [19] Group 8 - Nike plans to raise prices in the U.S. starting in June, with expected increases ranging from 2 to 10 dollars per item, in response to tariff pressures [20] - This price adjustment aligns with the beginning of Nike's next fiscal year [20] Group 9 - Recent trends show a surge in consumer companies going public in Hong Kong, with 15 companies listed in the past year, including notable brands like Mixue and Pop Mart [26] - These companies have seen their stock prices double, creating a wave of billionaires in the "new consumption" sector [26]

Group 1 - Sany Heavy Industry has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1] - The recent investigation into Huang Yang's father for alleged business violations has raised social concerns, but he was not involved in disaster reconstruction fund management [2] - Several banks have lowered their RMB deposit rates, with the current interest rate for demand deposits nearing 0% [2][3] Group 2 - Xiaomi officially launched the YU7 model, which features a 0-100 km/h acceleration time of 3.23 seconds and a standard range of 835 kilometers [3][6] - Chery Jaguar Land Rover confirmed that production in China is proceeding normally, countering rumors of a production halt [5] - Huawei's Harmony folding computer has seen a pre-order volume of nearly 140,000 units, with over 100,000 for the model priced from 23,999 yuan [7] Group 3 - The Ministry of Education plans to approve the establishment of 32 new universities, with a public notice period from May 22 to May 28 [10] - The Central Bank of China will conduct a 500 billion yuan MLF operation on May 23 to maintain liquidity in the banking system [9] - The retail sales of home appliances have maintained double-digit growth for eight consecutive months, with a 38.8% year-on-year increase in April [11] Group 4 - Lenovo Group reported a revenue of nearly 500 billion yuan for the 2024/25 fiscal year, marking a 21.5% year-on-year increase [20][21] - BOSS Zhipin's Q1 revenue reached 1.923 billion yuan, a 12.9% year-on-year growth, exceeding market expectations [19] - Tabo's revenue for the 2024/25 fiscal year was 27.01 billion yuan, with a net profit of 1.28 billion yuan [18]

Group 1 - Sany Heavy Industry has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [4] - Xiaomi officially launched the YU7 model, featuring a 0-100 km/h acceleration in 3.23 seconds and a standard range of 835 kilometers [6][7] - Chery Jaguar Land Rover confirmed that production in China is operating normally, refuting rumors of a production halt [9] Group 2 - The People's Bank of China will conduct a 500 billion yuan MLF operation on May 23, 2025, with a one-year term [13] - The Ministry of Commerce reported that retail sales of home appliances have maintained double-digit growth for eight consecutive months, with a 38.8% year-on-year increase in April [16] - The Asian Development Bank appointed Seong-Wook Kim as the Chief Partnership Officer [20] Group 3 - BOSS Zhipin reported a first-quarter revenue of 1.923 billion yuan, a year-on-year increase of 12.9% [24] - Lenovo Group announced a revenue of 498.5 billion yuan for the fiscal year 2024/25, representing a 21.5% year-on-year growth [25] - Xiaomi 15S Pro was launched with a starting price of 5,499 yuan [26]