Pre-market highlights

No.1 Pre-market Hot Events [Taogu Ba]

1. Yesterday’s Hot Topics
   Electricity and Computing Collaboration: China Power LiaoNeng
   Space Photovoltaics: Zhongli Group
   Space Computing Power: Shunhao Holdings
   Coal: Liaoning Energy
   Yushu Robots: Shoukai Shares, Zhongda Lide

2. Trump Says US and Iran Could Reach Agreement Within 5 Days
   Trump stated that Iran is very eager to reach an agreement, and the US and Iran may reach an agreement within 5 days or even sooner.
   He said that the US and Iran have had very good and productive talks over the past two days. He has instructed a five-day pause on all military strikes against Iran’s power plants and energy infrastructure.
   European and American stock markets all rose across the board.

3. Federal Reserve Governor Milan: Still Expect Four Rate Cuts by 2026
   Federal Reserve Governor Milan: Currently see no need to consider rate hikes; policy outlook remains for rate cuts, with four cuts expected by 2026. Spot gold rebounded from -8.22% to -1.32%, COMEX gold from -10.38% to -3.60%, COMEX silver from -12.14% to -0.49%.
   London tin up 3.87%, London copper up 3.27%.
   Gold: Sichuan Gold, Hunan Gold, Xiaocheng Technology
   Silver: Hunan Silver, Silvercorp, Yuguang Gold & Lead
   Tin: Huashi Nonferrous, Tin Industry Co., Ltd., Xingye Silver & Tin

4. Green Power Usage in Computing Facilities Exceeds 80%
   Liu Liehong, Director of the National Data Bureau, said at the China Development High-Level Forum 2026 Annual Meeting on March 23 that efforts are being made to promote the computing and electricity collaboration project, ensuring that the green power usage rate of new computing infrastructure at key nodes exceeds 80%.
   Nvidia and Emerald AI are teaming up with six major power companies to promote computing and electricity collaboration, creating a new generation of AI factories.
   Green Power: Huadong Liaoning Energy, Lian New Energy, Dongfang New Energy, Lvfadian Power, Green Power

5. Industry News

6. On March 23, inspection tour of Xiong’an New Area, and a symposium on promoting high-quality development of Xiong’an. (Han Jian Heshan)

7. State Power Investment Corporation plans to invest 200 billion yuan this year, a 17% increase year-over-year. (Shun Na Co., Ltd., China Western Electric)

8. Storage chips face worsening supply-demand imbalance; Wedbush expects some product prices to increase by over 100%. (Langke Technology, Baiwei Storage)

9. In March, China’s daily token call volume exceeded 140 trillion, a two-year increase of over 1,000 times. (Youkede, Qingyun Technology)

10. UBTECH and Siemens reached a strategic cooperation agreement last week, planning to achieve mass production of 10,000 humanoid robots by the end of 2026. (Fenglong Co., Ltd.)

11. Alibaba DAMO Academy is expected to release an important chip product today. (Liyang Chips)

12. Elon Musk announced plans to build a chip manufacturing center in the US, aiming to mass produce 2-nanometer process chips.

13. Apple will hold its annual Worldwide Developers Conference in June, expected to unveil a series of AI features.

14. State Council Information Office will hold a press conference at 10:00 on March 24 regarding the 9th Digital China Construction Summit.

No.2 Selected Announcements

1. Daily Announcements
   Beijing Keli: Won a 576 million yuan bid for photovoltaic inverter framework project
   Luan Environmental Energy: Won a coal exploration rights block in Xuyuan County for 8.222 billion yuan
   Tuobang Co.: Won a 189 million yuan procurement project for lithium iron phosphate batteries from China Mobile
   Dazhong Mining: Plans to cooperate with Wanhua Battery Materials to build a 200,000-ton lithium salt production project annually
   Junsheng Electronics: Plans to acquire 12.42% equity of Anhui Junsheng Safety held by the Advanced Manufacturing Fund for 2.516 billion yuan
   Haitian Co.: Signed a strategic cooperation agreement with Tongwei Solar to jointly develop perovskite slurry and other solar cell slurry products
   Youbox: First quarter net profit of 38-48 million yuan, a YoY increase of 79.23%-126.40%
   Fuxiang Pharmaceutical: First quarter net profit of 52-75 million yuan, a YoY increase of 2223%-3250%, with core products VC, FEC, etc., seeing both volume and price growth

2. Trading Suspensions and Resumptions
   Jiyou Co.: Resumed trading, *ST Jiyou
   Taifu Pump Industry: Suspended trading, planning to change control rights
   Wande Kai: Suspended trading, planning to acquire 100% equity of Zeng Ruizhi
   Changyuan Donggu: Suspended trading, planning to acquire 100% equity of Xiangyang Kanghao Mechanical & Electrical Engineering

3. Mines and Disclosures
   Huitong Technology: Shareholders plan to reduce holdings by 4.92%
   Duopu Le: Shareholders plan to reduce holdings by 4.90%
   Deyuan Pharmaceutical: Shareholders plan to reduce holdings by 2.00%
   Zhengdan Co.: Shareholders plan to reduce holdings by 1.00%

4. Market Movements
   Huate Gas: Market rumors of price increases for some gas products; the price adjustment is limited and unlikely to significantly impact full-year 2026 performance

5. Dynamic Updates

No.3 Global Markets

1. Global Markets
   The US has delayed strikes on Iran’s energy facilities, and the three major US stock indices all closed up over 1%.
   Most popular Chinese concept stocks closed higher, with the NASDAQ China Golden Dragon Index up 0.86%.

2. Popular US and Chinese Concept Stocks

3. Commodities (Night Trading Varieties)