[Morning Post] U.S. stock market storage sector rebounded; U.S. military air strikes on Iran; crude oil, gold and silver rose collectively; Changxin Technology’s issue price was set
Macro News 1. Six departments including the Ministry of Ecology and Environment and the National Development and Reform Commission jointly issued the "15th Five-Year Plan for the Prevention and Control of Solid Waste Pollution" yesterday. It is proposed that by 2030, the coverage rate of information-based supervision of the entire process of hazardous waste-related units will reach 100%.
1. Six departments including the Ministry of Ecology and Environment and the National Development and Reform Commission jointly issued the "15th Five-Year Plan for the Prevention and Control of Solid Waste Pollution" yesterday. It is proposed that by 2030, the coverage rate of information-based supervision of the entire process of hazardous waste-related units will reach 100%. 2. The central bank announced that in order to maintain sufficient liquidity in the banking system, on July 15, 2026, the People's Bank of China will carry out a 1.4 trillion yuan buyout reverse repurchase operation using a fixed quantity, interest rate bidding, and multiple price winning bids. The period is 6 months (184 days) and the expiration date is January 15, 2027 (extended in case of holidays). 3. The U.S. consumer price index (CPI) in June increased by 3.5% year-on-year, with an expected increase of 3.8% and the previous value of 4.2%. The U.S. CPI fell by 0.4% month-on-month in June, and is expected to fall by 0.1%. The previous value was an increase of 0.5%. After the release of U.S. CPI data for June, traders postponed expectations for the Federal Reserve to raise interest rates until October. 4. The U.S. Central Command stated that the U.S. military began to launch a new round of strikes against Iran at 15:00 Eastern Time on the same day (22:30 on the 14th, Tehran time). 5. U.S. President Trump issued a statement saying that based on fruitful dialogue with Middle East leaders, he has decided to replace the U.S. proposed 20% fee for shipping goods through the Strait of Hormuz with the trade and investment agreement that Gulf countries will reach with the United States. 6. The U.S. Central Command posted on social media on the 14th that the U.S. military had resumed its maritime blockade on ships traveling to and from Iranian ports and coastal areas at 16:00 Eastern Time on the same day. 1. According to reports, the high-level coordination mechanism of the four major economic departments of the South Korean government will hold a meeting on Thursday to study response plans for the impact of single-stock leveraged ETFs on the stock market. This is the first time that this issue has officially entered the mechanism for discussion. 2. Recently, fund companies have submitted application materials for active ETF issuance. It is reported that active ETFs, that is, actively managed exchange-traded open-end funds, refer to ETFs in which fund managers independently choose investment strategies, do not aim to track specific indexes, and are listed and traded on exchanges. Previously, Wu Qing, chairman of the China Securities Regulatory Commission, announced at the 2026 Lujiazui Forum that he supports the launch of active ETFs on the Shanghai and Shenzhen exchanges. 3. According to reports, Samsung Electronics is in the early stages of exploring the possibility of issuing American Depository Receipts (ADRs). The company has held preliminary discussions with banks but has not yet decided whether to move forward with the plan, people familiar with the matter said. 4. The governor of New York State in the United States has signed an order to suspend the construction of new ultra-large-scale data centers. The ban will take effect immediately and apply to data centers consuming 50 megawatts and above. 5. Masayoshi Son, founder of SoftBank Group, said that in the not-too-distant future, nuclear fusion technology will become the most realistic solution to meet the expanding energy needs of artificial intelligence (AI) data centers. He said that in 15 years, natural gas will replace natural gas as the main energy source in the AI era. 6. As the market staged a "V-shaped" rebound, the trading volume of core broad-based ETFs also increased simultaneously. Data show that as of yesterday's close, the Huatai-Berry CSI 300 ETF had a turnover of 8.631 billion yuan, continuing to increase in volume compared with the previous trading day. The ETF had a single-day net subscription of 1.164 billion units on July 13, with the scale increasing by 4.065 billion yuan. The total trading volume of 40 ETFs linked to CSI A500 increased to 19.609 billion yuan yesterday, with a net inflow of 4.014 billion yuan on July 13. The CSI 1000 ETF attracted 12.939 billion yuan yesterday, and its transaction volume also ranked among the top, with 14.22 billion yuan. 7. The domestic gold retail market continued its downward trend. Prices of pure gold jewelry from mainstream brands such as Chow Tai Fook and Lao Feng Xiang generally dropped to around 1,215 yuan/gram, a single-day drop of more than 20 yuan/gram, the largest single-day drop in the past two months. Compared with this year's highest point of 1,700 yuan/g, the decline during the year has been nearly 485 yuan/g. 9. The latest report from Bank of America pointed out that the market is overly optimistic about the expansion commitment of the Korean memory giant. In response to the slogan of "doubling production capacity by 2030" shouted by South Korean President Lee Jae-myung, Bank of America estimates that excluding the closure of old factories due to technology upgrades and the loss of production capacity caused by the transition to more advanced processes, the actual annual expansion rate will be less than 10%, and will be far less than the doubling level by 2030. 1. Changxin Technology announced that the issuance price is 8.66 yuan per share, and online and offline subscriptions will be available on July 16.
2. Tianqi Lithium Industry announced that its net profit in the first half of the year is expected to be 2.85 billion yuan-4.250 billion yuan, a year-on-year increase of 3276%-4935%. 3. Demingli announced that it expects net profit in the first half of the year to be 5.7 billion-6.5 billion yuan, turning a loss into a profit year-on-year. 4. Ganfeng Lithium Industry announced that its net profit in the first half of the year is expected to be 3.65 billion yuan to 4.6 billion yuan, turning a loss into a profit year-on-year. 5. Tongwei Co., Ltd. announced that it expected a net loss of 4.8 billion yuan to 5.4 billion yuan in the first half of the year. 6. Dongshan Precision announced that its net profit for the first half of 2026 is expected to be 2.90 billion yuan-3.000 billion yuan, a year-on-year increase of 282.58%-295.78%. 7. *ST Hi-Tech announced that the actual controllers Cao Long and He Yifan were placed on criminal record for suspected misappropriation of funds. 8. Guoxuan High-Tech announced that its net profit for the first half of 2026 is expected to be 1.200 billion yuan to 1.550 billion yuan, a year-on-year increase of 227.31% to 322.77%. 9. Rongsheng Petrochemical announced that its net profit in the first half of the year is expected to be 5.00 billion-5.200 billion yuan, a year-on-year increase of 730%-764%. 10. Wuliangye announced that its net profit in the first half of the year is expected to be 8.73 billion yuan-9.200 billion yuan, a year-on-year increase of 88.8%-98.97%. 11. New Hope announced that it expects a net loss of 1.6 billion to 1.8 billion yuan in the first half of 2026. 12. Litong Electronics announced that its net profit in the first half of the year is expected to be 650 million yuan-750 million yuan, a year-on-year increase of 1173%-1368%. 13. Tiantong Co., Ltd. announced that it expected a net loss of 220 million yuan to 300 million yuan in the first half of the year. 14. Saiyi Information announced that it plans to purchase high-performance computing servers for no more than 5.079 billion yuan. 15. China Life announced that its net profit is expected to increase by 215%-235% year-on-year in the first half of 2026. 16. Northern Rare Earth announced that its net profit in the first half of the year is expected to be 1.98 billion yuan-2.060 billion yuan, a year-on-year increase of 113%-121%. 17. AVIC Shenyang Aircraft Corporation announced that its net profit in the first half of the year is expected to be about 475 million yuan, a year-on-year decrease of 58.23%. 18. YOFC announced that its net profit in the first half of the year is expected to be 2.40 billion-3.00 billion yuan, a year-on-year increase of 711%-914%. 19. Zhaoyan New Drug announced that its net profit in the first half of the year is expected to be 600 million yuan-900 million yuan, a year-on-year increase of 885%-1377%. 20. Honghe Technology announced that its net profit in the first half of the year is expected to be 332 million yuan to 405 million yuan, a year-on-year increase of 280% to 364%. 21. China Jushi announced that it expects net profit in the first half of the year to be 2.784 billion yuan to 3.121 billion yuan, a year-on-year increase of 65% to 85%. 22. LONGi Green Energy announced that it expected a net loss of 3.4 billion yuan to 3.8 billion yuan in the first half of the year, compared with a loss of 2.569 billion yuan in the same period last year. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.02%, the Nasdaq rose 0.9%, and the S&P 500 rose 0.38%. Storage concept stocks rose sharply, and SK Hynix rose more than 27%. The settlement price of WTI crude oil futures closed at US$79.34 per barrel, an increase of US$1.2, or 1.54%. The settlement price of Brent crude oil futures closed at US$84.73 per barrel, an increase of US$1.43, or 1.72%. COMEX gold futures closed up 1.31% at US$4,058.3 per ounce; COMEX silver futures closed up 1.84% at US$59.04 per ounce. The U.S. House of Representatives voted to pass a draft legislation that would permanently implement daylight saving time and will submit the draft to the Senate for consideration. OpenAI is developing a screen-less mobile smart speaker. As an AI companion device with human-like characteristics, it can linkage control smart home appliances and at the same time deeply invoke all the capabilities of ChatGPT. The semi-finals of the 2026 US-Canada-Mexico World Cup have officially begun, France 0-2 Spain. Spain has advanced to the finals of this World Cup and will compete with the winner of the "English-Argentina War" for the championship of this World Cup. 1. AI chips drive demand for advanced packaging, and TSMC’s CoWoS production capacity continues to expand, but demand still exceeds supply.
Industry media reported that AI chips are driving demand for advanced packaging, and TSMC's CoWoS production capacity continues to expand and is still in short supply, and the spillover effect of orders is beginning to appear. Due to the spillover effect of orders, packaging and testing factories including ASE, Silicon Products, Licheng, and KYEC have benefited from the trend. AMD named ASE, Silicon Products, and Licheng in May to jointly deploy 2.5D advanced packaging production capacity. In the context of the gradual decline of Moore's Law process shrinkage dividends, advanced packaging has become the core path to "surpass Moore". Currently, the global advanced packaging market is entering a stepped high-speed growth path driven by AI computing power, and the tight supply and demand of total CoWoS production capacity is expected to continue until 2027. The agency pointed out that, overall, advanced packaging has evolved into an asset-heavy, high-barrier front-to-middle integration industry, and is the physical cornerstone of future global computing power competition. 2. Meta invests heavily in data centers, and institutions say there is strong demand in the AI hardware industry chain According to media reports, META announced that it will invest an additional US$40 billion in a Louisiana data center, and Meta is expanding the data center to 5GW of computing capacity. Meta bears the entire cost of energy, water resources and related infrastructure used by the data center. Meta's recent agreement with Entergy will fund seven new natural gas power plants, three grid-scale batteries, nuclear power upgrade rates and other purchased power. The agency said that Meta’s increased data center construction has effectively alleviated market concerns about oversupply of computing power. As long as leading cloud service providers continue to increase the construction of data centers, servers, chips and power supporting facilities, the demand support logic of the AI hardware industry chain will not be shaken, and subsequent storage and semiconductor equipment sectors are expected to see performance realization during the financial reporting season. (
2. Tianqi Lithium Industry announced that its net profit in the first half of the year is expected to be 2.85 billion yuan-4.250 billion yuan, a year-on-year increase of 3276%-4935%. 3. Demingli announced that it expects net profit in the first half of the year to be 5.7 billion-6.5 billion yuan, turning a loss into a profit year-on-year. 4. Ganfeng Lithium Industry announced that its net profit in the first half of the year is expected to be 3.65 billion yuan to 4.6 billion yuan, turning a loss into a profit year-on-year. 5. Tongwei Co., Ltd. announced that it expected a net loss of 4.8 billion yuan to 5.4 billion yuan in the first half of the year. 6. Dongshan Precision announced that its net profit for the first half of 2026 is expected to be 2.90 billion yuan-3.000 billion yuan, a year-on-year increase of 282.58%-295.78%. 7. *ST Hi-Tech announced that the actual controllers Cao Long and He Yifan were placed on criminal record for suspected misappropriation of funds. 8. Guoxuan High-Tech announced that its net profit for the first half of 2026 is expected to be 1.200 billion yuan to 1.550 billion yuan, a year-on-year increase of 227.31% to 322.77%. 9. Rongsheng Petrochemical announced that its net profit in the first half of the year is expected to be 5.00 billion-5.200 billion yuan, a year-on-year increase of 730%-764%. 10. Wuliangye announced that its net profit in the first half of the year is expected to be 8.73 billion yuan-9.200 billion yuan, a year-on-year increase of 88.8%-98.97%. 11. New Hope announced that it expects a net loss of 1.6 billion to 1.8 billion yuan in the first half of 2026. 12. Litong Electronics announced that its net profit in the first half of the year is expected to be 650 million yuan-750 million yuan, a year-on-year increase of 1173%-1368%. 13. Tiantong Co., Ltd. announced that it expected a net loss of 220 million yuan to 300 million yuan in the first half of the year. 14. Saiyi Information announced that it plans to purchase high-performance computing servers for no more than 5.079 billion yuan. 15. China Life announced that its net profit is expected to increase by 215%-235% year-on-year in the first half of 2026. 16. Northern Rare Earth announced that its net profit in the first half of the year is expected to be 1.98 billion yuan-2.060 billion yuan, a year-on-year increase of 113%-121%. 17. AVIC Shenyang Aircraft Corporation announced that its net profit in the first half of the year is expected to be about 475 million yuan, a year-on-year decrease of 58.23%. 18. YOFC announced that its net profit in the first half of the year is expected to be 2.40 billion-3.00 billion yuan, a year-on-year increase of 711%-914%. 19. Zhaoyan New Drug announced that its net profit in the first half of the year is expected to be 600 million yuan-900 million yuan, a year-on-year increase of 885%-1377%. 20. Honghe Technology announced that its net profit in the first half of the year is expected to be 332 million yuan to 405 million yuan, a year-on-year increase of 280% to 364%. 21. China Jushi announced that it expects net profit in the first half of the year to be 2.784 billion yuan to 3.121 billion yuan, a year-on-year increase of 65% to 85%. 22. LONGi Green Energy announced that it expected a net loss of 3.4 billion yuan to 3.8 billion yuan in the first half of the year, compared with a loss of 2.569 billion yuan in the same period last year. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.02%, the Nasdaq rose 0.9%, and the S&P 500 rose 0.38%. Storage concept stocks rose sharply, and SK Hynix rose more than 27%. The settlement price of WTI crude oil futures closed at US$79.34 per barrel, an increase of US$1.2, or 1.54%. The settlement price of Brent crude oil futures closed at US$84.73 per barrel, an increase of US$1.43, or 1.72%. COMEX gold futures closed up 1.31% at US$4,058.3 per ounce; COMEX silver futures closed up 1.84% at US$59.04 per ounce. The U.S. House of Representatives voted to pass a draft legislation that would permanently implement daylight saving time and will submit the draft to the Senate for consideration. OpenAI is developing a screen-less mobile smart speaker. As an AI companion device with human-like characteristics, it can linkage control smart home appliances and at the same time deeply invoke all the capabilities of ChatGPT. The semi-finals of the 2026 US-Canada-Mexico World Cup have officially begun, France 0-2 Spain. Spain has advanced to the finals of this World Cup and will compete with the winner of the "English-Argentina War" for the championship of this World Cup. 1. AI chips drive demand for advanced packaging, and TSMC’s CoWoS production capacity continues to expand, but demand still exceeds supply.
Industry media reported that AI chips are driving demand for advanced packaging, and TSMC's CoWoS production capacity continues to expand and is still in short supply, and the spillover effect of orders is beginning to appear. Due to the spillover effect of orders, packaging and testing factories including ASE, Silicon Products, Licheng, and KYEC have benefited from the trend. AMD named ASE, Silicon Products, and Licheng in May to jointly deploy 2.5D advanced packaging production capacity. In the context of the gradual decline of Moore's Law process shrinkage dividends, advanced packaging has become the core path to "surpass Moore". Currently, the global advanced packaging market is entering a stepped high-speed growth path driven by AI computing power, and the tight supply and demand of total CoWoS production capacity is expected to continue until 2027. The agency pointed out that, overall, advanced packaging has evolved into an asset-heavy, high-barrier front-to-middle integration industry, and is the physical cornerstone of future global computing power competition. 2. Meta invests heavily in data centers, and institutions say there is strong demand in the AI hardware industry chain According to media reports, META announced that it will invest an additional US$40 billion in a Louisiana data center, and Meta is expanding the data center to 5GW of computing capacity. Meta bears the entire cost of energy, water resources and related infrastructure used by the data center. Meta's recent agreement with Entergy will fund seven new natural gas power plants, three grid-scale batteries, nuclear power upgrade rates and other purchased power. The agency said that Meta’s increased data center construction has effectively alleviated market concerns about oversupply of computing power. As long as leading cloud service providers continue to increase the construction of data centers, servers, chips and power supporting facilities, the demand support logic of the AI hardware industry chain will not be shaken, and subsequent storage and semiconductor equipment sectors are expected to see performance realization during the financial reporting season. (