A-share Evening Hotspots | Tech Tailwinds Arrive! Major Policy Document Issued by the General Offices of the CPC Central Committee and the State Council, Covering AI Development, Core Technology Breakthroughs, and More

Evening Headline News Roundup 1. Tech Tailwinds Arrive! Major Policy Document Issued by the General Offices of the CPC Central Committee and the State Council, Covering AI Development, Core Technology Breakthroughs, and More Importance: On October 21, the General Offices of the CPC Central Committee and the State Council issued the "Opinions on Promoting the Deep Integration of Technological Innovation and Industrial Innovation." The document states that decisive breakthroughs should be achieved in key core technologies in areas such as integrated circuits, industrial mother machines, high-end instruments, advanced materials, and biomanufacturing. The opinions also propose deepening the implementation of major technological transformation and upgrading of the manufacturing industry and large-scale equipment renewal projects, accelerating the innovative development of the industrial internet, promoting the deep integration of the digital economy and the real economy, and advancing the intelligent, green, and integrated development of manufacturing. Scientific research in seed industry and agricultural machinery and equipment should be strengthened, and the promotion and application of agricultural scientific and technological achievements should be accelerated. A science and technology service system for the entire industrial chain should be built to promote the high-quality and efficient development of the science and technology services industry. The "AI+" initiative should be fully implemented to empower all industries with artificial intelligence across the board. 2. Accelerating AI Infrastructure Construction: NVIDIA GTC Conference Densely Releases New Products and Architectures Importance: On October 21, NVIDIA CEO Jensen Huang said at the GTC conference that all telecom operators will provide AI computing power in the future, and telecom base stations are expected to evolve into distributed AI networks. He described the AI economy as a five-layer structure consisting of energy, computing power, AI factories, models, and applications, and highlighted in his presentation that only NVIDIA's logo appeared in the computing power layer. At the same event, NVIDIA released the modular AI factory reference design DSX POD, compressing on-site deployment time from six months to as fast as 14 days, with global delivery planned for early 2027. The company also launched the OpenShell security reference architecture for enterprise-level AI agents, as well as an expanded open model product portfolio covering multiple fields including biomedicine, Siasun Robot&Automation, and quantum computing. 3. SpaceX Surges 10% at One Point! Better-Than-Expected Earnings Ignite AI Trading Enthusiasm as Musk Releases Major Signal Importance: On October 21, boosted by strong earnings, SpaceX's U.S. shares rose more than 10% at one point. Meanwhile, Super Micro Computer also surged 15% at one point, as the company's preliminary first-quarter results showed revenue blowing past expectations. On October 20 local time, SpaceX released its third-quarter 2026 earnings report. During the reporting period, the company's revenue was $14.58 billion, up 161% year-over-year; net profit was $4.4 billion, turning profitable from a net loss of $1.05 billion in the same period last year; adjusted EBITDA profit rose 306% year-over-year to $8.81 billion. This is SpaceX's second quarterly report card since its listing in June this year, and also its first quarterly profit. 4. SSE Holds Mobilization Meeting for First Batch of Active ETFs to Guide Medium- and Long-Term Capital into the Market Importance: On October 21, the Shanghai Stock Exchange held a mobilization meeting for the first batch of active ETFs. More than 40 responsible persons from 9 fund managers of the first batch of active ETFs and 7 securities companies attended the meeting. The meeting aimed to promote market-wide synergy, ensure the smooth launch and operation of the first batch of active ETFs, and guide medium- and long-term capital into the market. A relevant person in charge of the SSE stated that it will adhere to "steady start, gradual progress, and strict risk prevention," strengthen full-chain supervision over the issuance, listing, investment operations, and information disclosure of active ETFs, and ensure that the first batch of active ETFs gets off to a good start. At the same time, it will continue to enrich the public fund product system and high-quality supply, work together with all market parties to enhance synergy, increase the proportion and stability of medium- and long-term capital investment in A-shares, and better serve the real economy and the building of a financial powerhouse. 5. POP MART Falls for Five Consecutive Sessions; Duan Yongping Latest Remarks: Will Buy Some More Importance: Recently, POP MART's stock price has continued to weaken. On October 21, POP MART closed at HK$129.8 per share, down 4.84%, with an intraday low of HK$128.1 per share. Since October 14, POP MART has fallen for five consecutive trading days, with a cumulative decline of more than 13%, and the stock price is near its low since April 2025. On October 21, in response to a netizen's question about whether he would continue to buy POP MART, Duan Yongping (Xueqiu ID: Da Dao Wu Xing Wo You Xing) replied: "I should buy some more, but not more than 10% of the company, otherwise the company would have objections, haha." He also said that his views had been fully expressed, and that "you'll know after missing out for a few years." 6. The Hundred-Billion ETF Camp Expands Again as Broad-Based and Credit Bond ETFs Attract Capital Additions Importance: Amid market volatility and adjustment, ETF scale and capital flows are showing structural changes: as of the close on October 21, the number of ETFs with assets of 100 billion yuan or more across the market increased to 5, and broad-based and credit bond ETFs have recently attracted capital additions. Meanwhile, the popularity of public fund issuance continues. Industry insiders said that the market may continue to show structural opportunities amid volatility in the future, and fundamentals and earnings performance will become important allocation bases. 7. SAMR Holds Special Symposium on Improving the Quality of Platform Products and Services Importance: Recently, the State Administration for Market Regulation held a special symposium in Beijing on improving the quality of platform products and services, publicizing and interpreting the "Guiding Opinions on Improving the Quality of Products and Services of Online Trading Platforms" and the ISO9001 quality management system, introducing self-evaluation work on enterprise quality governance, further consolidating platform entities' responsibilities, and promoting online trading platform enterprises to continuously improve product and service quality. Representatives from online trading platform enterprises such as JD.com, Taotian, Pinduoduo, Xiaohongshu, Kuaishou, Douyin, Dmall, Vipshop, and Poizon attended the meeting and exchanged remarks. 8. International Oil Prices Plunge! New Developments in Russia-Ukraine Conflict as Zelensky Makes Major Statement Importance: On the evening of October 21 Beijing time, international oil prices fell after rising, with WTI crude oil and Brent crude oil plunging into negative territory. As of press time, the WTI crude oil front-month contract was at $97.06 per barrel, down 0.78%, after previously breaking through the $100 mark with a gain of more than 2.6%. On the news front, on October 21 local time, Ukrainian President Zelensky said in an interview that Ukraine could reach a peace agreement on the basis of retaining control of at least 75% of its territory. The host asked Zelensky whether he would be willing to accept a peace agreement that freezes everything as it currently stands, with Ukraine still retaining 75% or more of its territory. Zelensky answered in the affirmative, saying, "Now we must freeze (the front line); this is a practical way to end this war." Opportunities in Advance The editor has sorted through market-watched investment opportunities and found that MLCC and others are drawing attention. 1. Wait One Year After Ordering! Samsung MLCC Delivery Lead Time Extended to 52 Weeks; Is Another Price Hike Cycle Coming? According to reports, the delivery lead time for all Samsung Electro-Mechanics MLCC productslow-capacitance, high-capacitance, and automotivewas extended to 52 weeks in October, meaning customers placing orders now must wait a full year to receive goods. At the same time, major MLCC products from Taiwan-based manufacturer YAGEO also maintain delivery lead times of 30 to 52 weeks and, together with Samsung Electro-Mechanics, maintain a price-increasing stance, jointly leading the pace of this round of price increases. According to data from Korea's Meritz Securities, lengthening lead times are no longer limited to high-capacitance and high-performance products; low-capacitance and automotive products are also generally showing signs of extension, indicating that the supply shortage has a broader structural basis. The market generally expects that before new capacity comes online, the tight supply-demand situation will persist, and MLCC suppliers' pricing power will further strengthen. In addition, the following sectors are also worth watching: 2. Zero Carbon | MIIT: Build about 500 national-level zero-carbon factories and zero-carbon computing facilities by 2030. 3. Computing Power | Google Cloud's Vera Rubin infrastructure plan expands to multi-site 960,000 Rubin GPUs. Positive and Negative Announcements from Listed Companies For positive announcements, the editor reminds readers to watch Contemporary Amperex Technology's large buyback of 800 million yuan; for negative announcements, watch Wens Foodstuff Group's loss of more than 4.9 billion yuan in the first three quarters, among others. Positive Announcements 1. Contemporary Amperex Technology: Spent 800 million yuan on October 21 to repurchase 3.4886 million shares 2. Do-Fluoride New Materials: Third-quarter net profit up 201% year-over-year, with revenue growth in new energy materials and battery segments 3. Henan Shijia Photons Technology: Third-quarter net profit up 226% year-over-year, with rapid growth in the data communications market 4. Xiamen Hongxin Electronics Technology Group Inc.: First three quarters net profit up 139% year-over-year, FPC business net profit up 831% year-over-year 5. Zhuzhou Huarui Precision Cutting Tools.Co.,Ltd: Expects first three quarters net profit up 118%-147% year-over-year, with overall product selling prices rising Negative Announcements 1. Wens Foodstuff Group: Net loss of 4.961 billion yuan in the first three quarters, mainly due to a sharp drop in pork prices 2. SSE: Issues regulatory warning to Linewell Software and relevant responsible persons 3. Hainan Drinda New Energy Technology: Net loss of 428 million yuan in the first three quarters 4. Shanghai Wisdom Information Technology: Company director Shen Jianfang placed under retention measures 5. Changshu Tianyin Electromechanical: Second-largest shareholder Liu Xin reduced holdings by 3,200 shares in the third quarter This article is reprinted from "Tencent Zixuan Stocks"; GMTEight editor: Xu Wenqiang.