Pre-market report on A-shares | State Council executive meeting sets tone! Will continue to stabilize the stock market, Beijing Siasun Robot & Automation half horse champion for Tian Gong

Pre-market news 1. National Development and Reform Commission: Will continue to stabilize the stock market and promote a stable and healthy development of the real estate market Type: Macro Emotional impact: Positive Last Friday evening, the National Development and Reform Commission proposed to stabilize foreign trade and foreign investment, increase support for individual industries and individual companies, and support foreign-invested enterprises to reinvest in China. It also aims to promote service consumption in areas such as elderly care, childbirth, culture, and tourism, as well as to continue to stabilize the stock market and promote a stable and healthy development of the real estate market. 2. Tiangong Ultra wins Beijing Siasun Robot & Automation Half Marathon, with shareholders involved in these listed companies Type: Industry Emotional impact: Positive The world's first humanoid Siasun Robot & Automation half marathon was successfully held in Beijing Yizhuang. Tiangong Ultra Siasun Robot & Automation finished first after 2 hours and 40 minutes of the race. Public information shows that Tiangong Ultra's research and development company is the Beijing humanoid Siasun Robot & Automation Innovation Center. Among the company's four major shareholders, UBTECH ROBOTICS, Xiaomi Siasun Robot & Automation, and Jingcheng Mechanical and Electrical hold a 28.57% stake each. 3. Cambricon announces financial reports: Profit turning positive for the first time in Q4 last year, Q1 revenue increases by 42 times this year Type: Company Emotional impact: Positive Cambricon released its 2024 annual report and 2025 Q1 report. The annual report shows that the company achieved total revenue of 1.174 billion yuan in 2024, a year-on-year increase of 65.56%; net profit attributable to shareholders was a loss of 452 million yuan, with a profit turning positive in the fourth quarter. This year's Q1 report is even more astonishing, with the company achieving total revenue of 1.111 billion yuan, almost equivalent to the full-year income of 2024, a year-on-year increase of 4230.22%. 4. New developments in US tariffs: White House to establish working group to handle the crisis of imposing additional tariffs on China Type: Macro Emotional impact: Neutral Multiple sources revealed that the Trump administration's imposition of high tariffs on Chinese goods could lead to a supply chain crisis. The administration has begun discussing the establishment of a working group to urgently address these issues in the event of a breakthrough in negotiations with the Chinese government not being reached. Trump had previously stated that the tit-for-tat tariff increases between the US and China may be coming to an end. Investment Calendar State Council Information Office press conference on expanding the opening up of the service industry Investment Tips There are only three tools that can reduce your risk and increase your potential for financial success: stock selection - picking stocks; market timing - predicting short-term market movements; asset allocation - a long-term strategy for diversified investments. ["Money: 7 Steps to Create Lifelong Income" by Robbins] Editor's View Last Friday, the three major indices showed mixed movements, with low trading volume. The banking sector strengthened; Shenwan Hongyuan Group believes that small-cap growth styles will gain the upper hand once again. Institutional Views 1. Shenwan Hongyuan Group: The overall risk preference of A-shares is expected to stabilize and rebound, with small-cap growth styles regaining the advantage. 2. Industrial: The market will be more focused on domestic demand consumer and independent controllable sectors. 3. Orient: In the short term, the market will see a reduced trading volume and face a dilemma of rising and falling. Dividend stocks and general technology continue to be important investment directions. Upcoming Positive and Negative News 1. Shanghai Stock Exchange holds a seminar on the commercial aerospace industry, supporting the development of new production capabilities in key fields Type: Policy focus Galaxy Securities: The development of China's commercial aerospace industry is gradually entering the right track, and companies in the industry chain will benefit from the restructuring process of the aerospace supply chain. Focus on traditional aerospace suppliers with high technological barriers and new aerospace suppliers with quality control and cost advantages. 2. Huawei to launch a new megawatt super charging product that can fully charge an electric heavy truck in 15 minutes Type: Market discussion Orient: The increase in penetration of new energy vehicles will continue to drive demand for public charging, benefiting operating companies. Profits are expected to reach a turning point. It is recommended to focus on three directions in the charging pile industry, including charging pile equipment, charging pile operation, and super charging industry chain. 3. Dunhuang Network's global popularity continues to rise, with transaction volume in 97 countries increasing by over 100% Type: Market discussion Caitong: Against the backdrop of significant fluctuations in US tariff policies, the Dunhuang Network event reflects the strong demand of American consumers for high-quality and cost-effective products. Cross-border e-commerce platforms are expected to continue to grow in traffic, and the relative advantages of the cross-border e-commerce sector are highly regarded. Announcements Positive announcements 1. Jiangsu Zhengdan Chemical Industry: Q1 net profit of 389 million yuan, an increase of 558.59% year-on-year. 2. Zhongji Innolight: Q1 net profit of 1.583 billion yuan, an increase of 56.83% year-on-year. 3. Suzhou TFC Optical Communication: Net profit in 2024 increased by 84.07% year-on-year, proposing a 10-to-4 dividend of 5 yuan. Negative announcements 1. Changjiang Pharmaceutical Group: Risk warnings and other risk warnings will be implemented from April 22. 2. Shanghai Hongda New Material: Stocks may be subject to other risk warnings. 3. Shanghai Wisdom Information Technology: The controlling shareholder went through a divorce and a split of shares, signing a joint action agreement to ensure the stability of control rights. Overseas Markets Due to Good Friday, the US stock market was closed on Friday, and trading of CME's precious metals, US crude oil, forex, and stock index futures contracts was suspended for the day. This article is reproduced from "Tencent Stock Selection", edited by Xu Wenqiang.