Pre-market report of A-shares | First quarter performance skyrockets! Technology stock batch reported good news, 90 billion computing power leader exploded.

Pre-market news 1. Meeting between the US and Iran may take place this weekend, Nasdaq hits rare 12-day high again, lithium mines and optical communication stocks surge Type: Market Emotional impact: Positive Trump said that Israel and Lebanon have agreed to a 10-day ceasefire, and the US and Iran may have the next meeting this weekend. US stocks closed higher on Thursday, with Nasdaq and S&P 500 hitting new historical highs again, with Nasdaq rising for 12 consecutive trading days. The lithium mining sector showed strong growth, with American Yabao soaring by 16.31%. Optical communication concept stocks surged in succession, with CPU stock AMD rising by 7.8%, recording a 12-day high and setting a new historical high. Chinese concept stock index rose by 1.74%, recording five consecutive gains. 2. First quarter performance skyrockets! Technology stocks like Zhongji Innolight report good news in batches Type: Company Emotional impact: Positive On the evening of April 16, technology stocks received a wave of favorable news, with first-quarter performances exploding collectively. Among them, the leading technology stock in the 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 increase of 56.45%. The company attributed this explosive growth to the strong demand for AI computing power infrastructure. At the same time, TSMC reported a net profit of approximately 123 billion yuan in the first quarter, surpassing expectations in all aspects. 3. Central government support for urban renewal action to begin in 2026! Clear subsidy standards and support scope Type: Macro Emotional impact: Positive The Ministry of Finance and the Ministry of Housing and Urban-Rural Development 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 government will provide fixed subsidies to cities implementing urban renewal actions according to the region. In East China, the total subsidy amount for each city shall not exceed 800 million yuan, in Central China, the total subsidy amount for each city shall not exceed 1 billion yuan, and in West China, the total subsidy amount for each city shall not exceed 1.2 billion yuan. 4. Kweichow Moutai's performance released: Revenue and net profit both decline for the first time since listing Type: Company Emotional impact: Negative Kweichow Moutai's performance in 2025 is under pressure, with revenue of 168.838 billion yuan in 2025, a decrease of 1.21% year-on-year; net profit of 82.32 billion yuan, a decrease of 4.53% year-on-year; the company plans to distribute cash dividends of 27.993 yuan per share to all shareholders. It is the first time since listing that both revenue and net profit have declined. Analysts said that in a period of deep industry adjustment, Moutai did not choose short-term actions to boost performance but instead squeezed channel bubbles through measures like controlling quantity and stabilizing prices, ensuring stable batch prices and healthy channel ecology. Investment calendar The State Council Information Office holds a press conference on the 15th Five-Year Plan theme Investment tips Investment tips: In most cases, exploiting and catering to human weaknesses is much easier to make money than helping people avoid these weaknesses. - Richard Thaler, "Nudge" Institutional viewpoints 1. EB SECURITIES: Short-term easing of Middle East geopolitical conflicts, recommend focusing on AI and energy transformation directions. 2. Orient: The ChiNext Index hits a nearly 11-year high, and the technology track is worth investors seizing opportunities. 3. Founder: The sentiment in the A-share market has significantly improved, and in the future, attention can be gradually shifted to the themes of the "15th Five-Year" plan. Positive and negative outlooks 1. SASAC: Promote better development of central enterprises in the low-altitude economy Type: Policy focus Guotai Haitong: In recent years, policies related to the low-altitude economy have been gradually refined, and with the continuous expansion of the industry scale, the investment value of enterprises that layout related industrial chains is highlighted. The industrialization progress of UAVs is rapid and is one of the most significant growth tracks in the low-altitude field. 2. First to go public! "Hangzhou's Six Little Dragons" core technology market stock soars by 170% in the dark market Type: Institutional hot comment Huaxin Securities: AI application in 2026 will usher in a "golden year", technologies are gradually maturing, and many large models already have strong tool invocation and multimodal understanding capabilities; policies continue to support and resonate with market demand, from reducing costs and improving efficiency at the B-end to popularizing at the C-end. 3. Musk plans to "speed up" the Terafab semiconductor project, has asked multiple suppliers for quotations Type: Market hot topic Soochow: Optimistic about the industrial chain opportunities brought by the new global product cycle of Tesla, the industrial chain enters a "automobile + AI + Siasun Robot & Automation" triple growth cycle. Focus on suppliers with a comprehensive layout in intelligent driving and Siasun Robot & Automation. Announcement Express Slightly positive announcements 1. Zhongji Innolight: Net profit in the first quarter increased by 262.28% year-on-year, benefiting from strong investment in computing power infrastructure by end customers 2. Lakala Payment: Net profit in the first quarter increased by 491% year-on-year, with rapid growth in cross-border payments and foreign card acquiring businesses 3. Zhejiang Huayou Cobalt: Net profit in the first quarter increased by 99.45% year-on-year, benefiting from the rebound in metal prices such as nickel, cobalt, and lithium Slightly negative announcements 1. Biwin Storage Technology: Several shareholders intend to collectively reduce their shareholdings by no more than 2% 2. Jilin Liyuan Precision Manufacturing: The company's stock trading may be subject to delisting warning risks 3. Shandong Tongda Island New Material: Shareholder Huasheng Baoli intends to reduce its shareholding by no more than 3% in the company Overseas market Self-selected brother reminder: With Israel and Lebanon reaching a temporary ceasefire agreement, the three major indexes collectively closed higher, with Nasdaq and S&P hitting new highs again. On the market, thematic concept stocks were active, with lithium mines, optical communication, CPU, and semiconductor testing sectors all performing strongly; the Nasdaq China Golden Dragon Index recorded 5 consecutive gains, with Alibaba rising by 3.98%. This article is reprinted from "Tencent Self-selected Stocks". Editor: Jiang Yuanhua.