February 26, 2024

The stock market king today made a breakthrough with Chengsheng Shares (down -19.69%), Wangsu Science & Technology (up 19.92%), [Taoguba]
New Purchases:
Yanjing Shares (Yanjing Shares’ cross-border acquisition of a semiconductor materials company drew attention due to stock price movements),
Enjie Shares (Enjie Shares is a global leader in wet-process separators, with a subsidiary building a 10-ton sulfurized lithium pilot line, developing semi-solid coated separators and all-solid-state skeleton membranes; signed a strategic cooperation with Enli Power to supply key materials for solid-state batteries, and is transitioning separators to solid electrolytes, which helps strengthen its position in the industry chain. Dongwu Securities released a research report predicting that 2026 will be a critical period for solid-state batteries, with vehicle-grade Pack production starting trial runs in H1 and mass production lines in H2. The key catalysts include GWh-level line tenders and new models listed in the MIIT catalog, potentially triggering two major market cycles. Additionally, solid-state batteries, with advantages like wide temperature range, high safety, and high energy density, are naturally suited for space applications, with broad future demand. Investment focus should be on batteries, equipment, materials, and new technologies.)
Runze Technology (On February 13, the company announced plans to raise funds by issuing convertible bonds to 12 investors including China Goldstone Fund, to acquire a 42.56% stake in its controlling subsidiary Guangdong Runhui Technology Development Co., Ltd., and raise supporting funds. After the transaction, Runze Technology will fully control Guangdong Runhui, further integrating IDC and AIDC business resources. The stock will resume trading from February 24. According to the 2025 semi-annual report, the company has already planned 7 AIDC intelligent computing infrastructure clusters in six core regions including Beijing-Tianjin-Hebei, Yangtze River Delta, Greater Bay Area, Chengdu-Chongqing economic circle, Gansu, and Hainan Free Trade Port, with a total of 61 intelligent computing centers and about 320,000 cabinets, basically completing the nationwide “Integrated Computing Power Center System” framework. ByteDance is one of the company’s major clients.)

Today’s Review:
Sold:
None

Bought:
None

Held:
Blue Focus: No action.
Xinwei Communication, China Satellite: No action, steadfast aerospace professionals must stick to this main line for 26 years.
Wuzhou New Spring: No action.
Chengsheng Shares: No action.

Summary:

1. Today was indeed mostly red, but all my stocks are green. Market-wise, 80% of stocks are red, but my five stocks are 100% green. Where’s the logic in that?
2. The expected direction yesterday was correct; the focus on US-Iran oil and shipping bidding was strong, but I didn’t dare chase. The market lacks sustainability; it’s mostly a feast for holders. Military industry didn’t react much; let’s see further fermentation.
3. In terms of operations, Wuzhou New Spring opened sharply down to the limit, I had no intention of selling. It opened more than two points higher, which seemed okay, but I didn’t handle it during the bidding. Not sure where I went wrong. Chengsheng Shares, because I entered late, with today’s big drop, still held up. No stock keeps falling or rising forever. I’ll see how the 10-day moving average supports tomorrow. Also, look at Hangdian Shares: it hit the limit down the day before, then hit the limit up today. The short-term market is really unpredictable. Looking back, I could have sold before the limit-down day without issue. Who would have thought such a split? It just shows I lack the ability to handle short-term emotional trading and can’t grasp it well. Better to focus on trend swings first. I won’t touch emotional stocks in the future unless I can pre-embed positions.