A-share evening hotspots | First quarter performance skyrockets! Zhongji Innolight and other technology bull stocks report good news in batches.

1. First quarter performance surges! Zhongji Innolight and other tech stocks report good news in bulk On the evening of April 16th, tech stocks received a series of positive news, with first quarter performance collectively booming. Among them, the leading stock in computing power concept, Zhongji Innolight, released its first quarter report, achieving a net profit of 5.735 billion yuan in the first quarter, a year-on-year increase of 262.28% and a quarter-on-quarter growth of 56.45%. It is worth noting that the net profit of 5.735 billion yuan in a single quarter has exceeded the full year level of around 5.2 billion yuan in 2024. The company attributed this explosive growth to the strong demand for AI computing power infrastructure. In addition, Taiwan Semiconductor disclosed its first quarter performance, exceeding expectations across the board. Data showed that Taiwan Semiconductor had a net profit of about 123 billion yuan in the first quarter. Grace Fabric Technology announced that the company achieved a net profit of 140 million yuan in the first quarter, a year-on-year increase of 354.22% and a quarter-on-quarter growth of 122.22%. CITIC Securities pointed out that the explosive growth in applications such as Agent & multimodal driving the surge in Token calls leading to a shortage of domestic computing power, active adaptation of domestic large models at the inference end brings accelerated volume opportunities for domestic computing power manufacturers. It is expected that the shipment volume of domestic computing power chips will at least double by 2026, providing strong growth momentum for computing power design companies, advanced processes, advanced packaging, advanced storage, and the supporting industry chain. 2. Central fiscal support for urban renewal action to start in 2026! Clarify subsidy standards and support range The Ministry of Finance Office and the Ministry of Housing and Urban-Rural Development Office issued a notice on carrying out the central fiscal support for the implementation of urban renewal actions in 2026. The notice pointed out that the central finances will provide fixed subsidies to cities implementing urban renewal actions according to regions. Specifically: in the eastern region, the total subsidy for each city will not exceed 800 million yuan, in the central region, the total subsidy for each city will not exceed 1 billion yuan, and in the western region, the total subsidy for each city will not exceed 1.2 billion yuan. Funds will be allocated annually according to the progress of work. Urban renewal focuses on the construction of key demonstration areas. 3. Cyberspace Administration of China takes action! Continuously rectifying online financial information chaos Recently, the Cyberspace Administration of China, together with relevant departments, has lawfully dealt with a number of accounts publicly recommending stocks, inducing joining stock recommendation groups, and selling illegal stock recommendation software. The Cyberspace Administration reminds the general public to establish a rational investment concept, enhance risk prevention awareness, strengthen financial information identification, stay away from and resist all kinds of illegal financial activities, and effectively protect their own property security. 4. Ministry of Industry and Information Technology: "14th Five-Year Plan" period will accelerate the research and development of key core standards in the automotive industry The new National Automotive Standardization Technical Committee was established in Beijing. A person in charge from the Ministry of Industry and Information Technology stated that during the "14th Five-Year Plan" period, China will accelerate the research and development of key core standards in the automotive industry, fully leveraging the leading role of standards. This includes accelerating the revision of standards for automotive extreme environmental adaptability, power battery cycle life, new energy vehicle energy consumption limits, electromagnetic environmental adaptability, and other standards. Not only that, standards should also lead the innovation and application of key technologies. Accelerate the construction of the standard system in frontier areas such as solid-state batteries and in-vehicle artificial intelligence. 5. Musk plans to "accelerate" the Terafab semiconductor project, has inquired with multiple suppliers According to reports, Musk is intensively preparing for the Terafab semiconductor project. Insiders said that Musk's team has been in contact with chip industry suppliers, requesting the prompt delivery of chip manufacturing equipment. Companies contacted include Applied Materials, Tokyo Electronics, and Lam Research. Tesla employees are said to have inquired about a range of chip manufacturing equipment and asked about delivery times. In the past few weeks, they have also contacted manufacturers of optical masks, substrates, etching machines, deposition machines, cleaning equipment, testing equipment, and other equipment. Insiders revealed that Tesla's goal is to start chip manufacturing in 2029, and then gradually scale up. Therefore, Musk's team hopes that suppliers will provide price estimates promptly and "accelerate" the project. The goal of Terafab is to manufacture chips with an annual computing power equivalent to 1 terawatt, and use these chips in humanoid Siasun Robot & Automation and space data centers. 6. Will the situation in Iran affect the meeting between the leaders of China and the United States? Chinese response On April 16th, Chinese Foreign Ministry spokesperson Guo Jiajun presided over a regular press conference. A reporter asked: US President Trump has stated that his visit to China will not be affected by the Iran war. However, at the same time, the US is imposing a naval blockade on Iranian ports, and the ships being blocked include those heading to China. Will China see this as a potential risk for the meeting between the leaders of China and the United States? Guo Jiajun: Regarding US President Trump's visit to China, the two sides are in communication on this matter. 7. Leading the way in listing! "Hangzhou Six Dragons" Qunhe Technology Hong Kong stocks surged more than 150% in the dark market at one point On April 16th, one of the "Hangzhou Six Dragons," Qunhe Technology, saw its Hong Kong stocks surge by over 150% in the dark market, reaching a high of 19.5 Hong Kong dollars. Qunhe Technology's IPO closed with an oversubscription of over a thousand times, making it one of the most eye-catching new stocks in the Hong Kong AI sector recently, and will be officially listed on the Hong Kong Stock Exchange on April 17th. Analysts believe that Qunhe Technology, along with DeepSeek, Yushu Technology, Game Science, Cloud Deep Technology, and Strong Brain Technology, are known as the "Six Dragons of Hangzhou." This early listing on the capital market signifies the formal start of the capitalization process of this group of tech companies. For investors, Qunhe Technology's listing performance will serve as an important reference for assessing the overall capital market value of the "Six Dragons." 8. Huang Renxun makes another major move? GTC Taipei speech may reveal the next generation of AI revolution technology NVIDIA has officially confirmed that Huang Renxun will deliver the keynote speech at GTC Taipei 2026 on June 1st at the Taipei International Convention Center in China. The speech is scheduled the day before the opening of Computex 2026 (June 2nd), and NVIDIA has explicitly stated that the core of the speech will focus on "driving breakthrough technologies for the next generation of AI." From a product perspective, market expectations for this speech cover two main themes: continuing the enterprise AI technology layout from GTC 2026 in March and combining it with the consumer attributes of Computex. Upon reviewing the investment opportunities that the market is concerned about, it is found that the TSMC industrial chain is receiving attention. Positive announcements to note, selected by the narrator, include Beijing Oriental Yuhong Waterproof Technology achieving a 109% increase in net profit in Q1, among others. Negative announcements to watch out for include the possibility of several companies being subject to delisting.