Following the May Day holiday, the three trading days from May 6 to 8 saw a surge in performance briefings. According to statistics, as of 5:00 PM on May 8, a total of 792 listed companies had disclosed institutional research summaries. In terms of returns, over 80% of the stocks surveyed by institutions posted positive gains this week. Among them, Jujie Microfiber led with a surge of over 40%, followed by Fuda Alloy and Runjian Co., Ltd., which rose over 30%. Additionally, nine other listed companies, including Shandong Fiberglass and Jizhi Co., Ltd., saw gains exceeding 20%.

Regarding popular research targets, TCL Technology, Shenghong Co., Ltd., Zhongfu Circuit, and BeiGene each hosted over 50 institutional research teams.

**New Developments in AI Applications** AI applications emerged as a key focus for institutional attention this week, with several stocks ranking high in the number of institutional visits.

"From a cost perspective in the industry, the production cost of a single overseas live-action short drama exceeds $200,000, while AI-generated dramas can be produced for under $20,000, representing a cost gap of more than tenfold," Kunlun Tech explained to researchers. Multiple internal teams at Kunlun Tech are engaged in producing AI live-action dramas in-house, while its business teams collaborate with external content production agencies to jointly expand the supply scale of AI-generated dramas. In the first quarter of 2026, Kunlun Tech observed a continuous increase in the proportion of AI live-action dramas among newly released series. The company expects the share of AI short dramas to rise significantly in the second quarter, driven by advancements in AI creation technology and the implementation of creator support programs.

Daily Interactive mentioned the impact of DeepSeek’s recent upgrade during its research briefing, noting that this upgrade meets the demand for private deployment in a low-cost, high-performance manner. For a private deployment in an organization of about a thousand people, the per-person daily usage cost averages just over 2 yuan, enabling daily AI use and significantly lowering the barrier to AI adoption for government and enterprise clients.

ST Doushen focuses on its AI education business, launching AIclass 2.0 (Super Learning and Practice Course) on April 25, covering comprehensive literary learning scenarios such as reading, composition, literature, history, classical Chinese, and ancient poetry. The company is also exploring new AI-driven business segments, including AI computing centers. Due to factors such as promoting newly launched educational products and purchasing and reserving traffic pools, ST Doushen experienced fluctuations in its 2025 performance. In the research briefing, the company stated that it will completely reverse its operational approach of prioritizing business expansion over internal control management this year.

**Continuity of High-Performing Stocks’ Earnings Draws Attention** High-performing companies also attracted institutional interest, with investors particularly focusing on the sustainability of their earnings.

During its research briefing, BeiGene expressed confidence in its current operational situation and full-year business layout, highlighting a solid foundation in the U.S. market, high growth in European operations, and steady, industry-leading performance in the Chinese market. "The company’s first-quarter results met expectations. Considering the progress in various contract negotiations, we are highly confident in the full-year pricing trend and remain optimistic about the pricing outlook for the remainder of 2026," BeiGene stated.

Benefiting from structural demand for printed circuit boards driven by emerging computing scenarios such as high-speed computing servers and artificial intelligence, Wus Printed Circuit Co., Ltd. achieved record-high revenue and net profit for multiple consecutive quarters. The company noted that its operational performance demonstrates strong upward momentum. In the first quarter of 2026, Wus Printed Circuit accelerated a series of capacity expansion plans. Domestically, the company is focusing on bottlenecks and key processes in high-end PCBs, implementing iterative upgrades and targeted capacity expansion while accelerating the construction of high-end expansion projects. "Capacity expansion is not simply about scaling up; it involves phased upgrades to achieve enhanced capacity, aiming to secure high-quality capacity in advance and better meet the demands of leading customer groups," Wus Printed Circuit emphasized.

Benefiting from gold price performance, Zhaojin Mining saw improved earnings last year. The company’s management outlined four main tasks for the next two years: expanding production capacity, exploring and increasing reserves, reducing costs and improving efficiency, and ensuring compliant operations. Regarding investment and mergers, the company will focus on high-quality near-production and in-production mining projects while continuing to advance mergers and acquisitions of local resources in Fiji. This strategy aims to further achieve resource integration and collaborative development, expand the company’s resource portfolio, and continuously enhance its control over gold resources and market competitiveness.

**How Companies Are Responding to the Price Surge?** Rising raw material prices are boosting profits for upstream companies while testing the profitability of downstream firms. How listed companies are addressing this has drawn investor attention.

"Costs are indeed rising currently, and it remains uncertain to what extent crop protection companies can pass on these cost increases to farmers," Adama Ltd. acknowledged during its research briefing. The company revealed that it is currently offsetting cost increases through price hikes, with most regions implementing these increases effective from April 1 or May 1. Looking ahead, it is still uncertain whether a global price trend will form to counterbalance cost increases. This may become clearer in the third or fourth quarter, as cost increases will then be reflected in the income statements of most companies in the industry.

BOE Technology Group Co., Ltd. indicated that due to the impact of memory price hikes on consumer electronics, terminal manufacturers and panel makers are expected to face some pressure in certain product categories. By product category, demand for laptops and smartphones could be somewhat affected. However, considering factors such as increased demand for TV screen area, the impact on TV terminal demand is expected to be limited. "Facing severe challenges, the company will continue to enhance product competitiveness and increase the proportion of high-end products while reducing costs through lean management. We expect the company’s AMOLED shipments to continue growing in 2026, targeting 160 million units," BOE emphasized.

TCL Technology conveyed a similar view during its research briefing, stating that external environmental shocks would further expand the competitive advantages of leading manufacturers, creating greater market space for the company. Citing its first-quarter performance, TCL Technology noted that despite challenges, the production, sales scale, and market share of its mainstream medium-sized products, such as displays, laptops, and automotive displays, increased, with profitability in these segments also rising.