Pre-Market Highlights

1. Apple Event: iPhone 17 Equipped with A19 Chip Arrives, eSIM Becomes Focus Type: Company Sentiment Impact: Positive Apple's September event launched 4 new iPhone models, AirPods Pro 3, and 3 5G Apple Watch models. Notably, the iPhone Air lacks a physical card slot and can only use eSIM. Additionally, the Apple Watch Ultra 3 features built-in two-way satellite communication capabilities.

2. CATL Subsidiary Holds Meeting on Resuming Production at Jianxiawo Lithium Mine, Insiders Expect Quick Resumption Type: Industry Sentiment Impact: Neutral Contemporary Amperex Technology Co., Limited's wholly-owned subsidiary Yichun Times New Energy Mining Co., Ltd. held a meeting on resuming production at the Jianxiawo lithium mine, focusing on advancing the resumption work. According to insiders, CATL's applications for mining rights certificates and mining permits at the Jianxiawo lithium mine are progressing smoothly, faster than market expectations, with production resumption expected soon.

3. Israeli Military Strikes Hamas Leadership in Qatar, Crude Oil and Gold Rally Short-term Type: Macro Sentiment Impact: Neutral On Tuesday local time, an explosion occurred in the Katara area north of Doha, Qatar's capital. Following the explosion, the Israeli Defense Forces and Israel's National Security Agency issued a joint statement confirming a precision strike against Hamas senior leadership. International oil prices surged noticeably on the news, with spot gold jumping approximately $30.

4. Major Move by Cambricon! Nearly 4 Billion Yuan Private Placement Approved, Plans to Boost AI Chip Sector Type: Company Sentiment Impact: Positive Cambricon's private placement received regulatory approval. According to the previous plan, the company intends to raise no more than 3.985 billion yuan. The funds will primarily be allocated to three areas: approximately 2.054 billion yuan for the "Large Model-oriented Chip Platform Project," about 1.452 billion yuan for the "Large Model-oriented Software Platform Project," and 479 million yuan for supplementing working capital.

Investment Calendar China's August CPI data to be released today

Investment Insights If investors fear price volatility and mistakenly view it as risk, they may actually engage in risky behavior. - Warren Buffett

Institutional Views 1. CITIC Securities: During the index consolidation period, focus on sectors with lagging gains but solid fundamentals. 2. Zheshang Securities: The market's recent two-way volatility has not completely ended, with continued need for oscillation and consolidation. 3. Orient Securities: Market volatility and adjustments are mostly building momentum for the next upward phase, with potential for new highs within the year.

Market Outlook

Positive Factors 1. Cloud Business Explosive Growth Expectations Ignite Market Enthusiasm, Oracle Stock Surges Over 20% After Hours Type: Market Focus Zhongyuan Securities: Leading cloud providers show optimistic 2025 capex outlook. Overseas computing power develops rapidly, AI advancement drives large data center construction, stimulating sustained and stable demand for optical devices. Maintains outperform rating for telecom sector.

2. Telecom Operators Compete in Satellite Communication, China Mobile Applying for Business License from MIIT Type: Institutional Commentary CITIC Securities: Expects subsequent satellite communication business access to proceed in batches and levels, with license issuance potentially accelerating. Recommends prioritizing potential satellite communication service providers including major telecom operators and leading state-owned and private enterprises.

3. State Administration for Market Regulation: Actively Promoting 15 Humanoid Robot National Standards Type: Policy Focus Open Source Securities: Leading companies like Unitree and Zhiyuan accelerate capitalization, strong domestic industry support. Domestic robot shipments expected to see significant growth, benefiting two key directions: core supply chain and application scenarios.

Company Announcements

Positive Announcements 1. Taiji Group: Subsidiary receives clinical trial approval for semaglutide injection 2. Dabeinong: Controlling subsidiary's soybean products receive Argentina planting permit 3. Asia-Pacific Stock: Receives brake and EPB project orders totaling 514 million yuan

Negative Announcements 1. Titan: New subsidiary engaged in solid-state battery lithium-sulfur-phosphorus-chloride electrolyte R&D and production, not yet industrialized or generating sales revenue 2. Joyson Electronics: Robot-related component business still in early stages, accounting for less than 0.1% of revenue 3. Yongxin Optics: Major shareholder Ningxing Asset plans to reduce holdings by no more than 1%

Overseas Markets Markets focused on employment and inflation data. US stocks closed higher Tuesday, with all three major indices setting new record closing highs. Most large-cap tech stocks rose, with NVIDIA up 1.46%. Most popular Chinese ADRs gained, with Bilibili up 6.91%.