[Selected evening news on November 12] 1. Ministry of Commerce: China and the United States are maintaining close communication on issues of respective concern in trade, investment and other fields. 2. National Development and Reform Commission: Domestic oil prices will be significantly reduced starting from 24:00 on the 12th. It will cost 25.5 yuan less to fill up a tank of oil. 3. Zhang Yiming spoke out again about Byte AI: tying OpenAI and Anthropic "as early as 2029 or 2030." 4. Demand growth + new production capacity is difficult to increase, and the price of electronic cloth may continue to rise in the short term; industry chain sources say that the gap between supply and demand in the electronic cloth industry will still exist in 2027. 5. Citigroup, Wells Fargo and other investment banks have intensively lowered Nvidia’s target price, with the lowest price reaching $186. 6. Company news: ① Huahong Grace: plans to repurchase shares for CNY 300 million to CNY 500 million for cancellation. ② Tianfu Communications: Today’s first repurchase of 100,000 shares cost 14.5434 million yuan. ③The Shanghai Stock Exchange issued a regulatory work letter to Sunrise Oriental. ④The Shanghai Stock Exchange issued a regulatory work letter to Great Eastern. ⑤SMIC: Revenue in the fourth quarter is expected to increase by 4%-6% quarter-on-quarter, with gross profit margin guidance of 26%-28%. ⑥Anji Technology: Kechuang Semiconductor ETF China increased its stake in the company to 5%. ⑦Hon Hai: It is expected that the full-year performance will exceed previous expectations and the positive trend will continue into next year.