B[Jingjiawei: The CH37 series is advancing customer introduction and small batch production] On October 9, Jingjiawei stated on the interactive platform that the CH37 series is aimed at general markets such as embodied intelligence and edge computing. It has core advantages such as abundant AI computing power, flexible computing accuracy, and multi-modal perception fusion, and is suitable for scenarios with high multi-modal perception and low-latency requirements such as robots, industrial drones, and embodied intelligence. Currently, CH37 series products are continuing to promote customer introduction, small batch mass production, improvement of supporting software development and optimization, and sales promotion activities. A【October 8th Evening News Selection】
1. The spokesperson of the Ministry of Foreign Affairs announced that French President Diplomatic Advisor Bonne will come to China from October 9 to 13 to hold a new round of China-France strategic dialogue with Wang Yi, member of the Political Bureau of the CPC Central Committee and director of the Foreign Affairs Office of the CPC Central Committee.
2. The People's Bank of China issued an article stating that China's trade development is rooted in the improvement of the international competitiveness of its industries. China has no need or intention to gain trade competitiveness through exchange rate depreciation and has never engaged in competitive currency depreciation.
3. According to the Ministry of Industry and Information Technology, in the first eight months of this year, China’s software business revenue exceeded 10 trillion yuan, a year-on-year increase of 8.8%, and the total software industry profit increased by 1.3% year-on-year; software business exports were US$45.99 billion, a year-on-year increase of 12.5%.
4. The Ministry of Human Resources and Social Security issued the "Measures for the Protection of Workers' Rights and Interests in New Employment Forms (Draft for Comment)", which stipulates basic labor rights and interests such as equal employment and free choice of employment, labor remuneration, rewards and punishments, working hours and labor intensity, rest, labor safety and health, protection from severe weather, vocational training, social insurance, personal information protection, collective consultation, etc., and sets the bottom line for labor conditions for workers in new employment forms.
5. Zunjie Auto released a statement stating that the Zunjie braking system has completed the entire process development and verification in accordance with requirements that are higher than national standards (GB 21670-2025 / GB 7258-2026) and higher than industry standards (QC/T 788-2018). In actual usage scenarios, the brake pedal bracket base did not break. The design of this component will be further optimized and free upgrades will be provided to users.
Iranian Foreign Minister Araghchi said that negotiations between Iran and the United States are still continuing. Iran is still evaluating the US response to the proposal to "reopen the Strait of Hormuz within seven days" and will respond within a few days.
6. Company news: ① Dongshan Precision responded to rumors related to optical chip procurement restrictions: some of the optical chips used in the optical module business are self-developed and self-produced, and the overall compliance space is sufficient; ② Xingyun Technology: Q3 net profit is expected to increase by 569%-716% month-on-month. The computing power business, especially the server sales business, has achieved explosive growth; ③ Wavelength Optoelectronics: The company and its chairman were prosecuted for smuggling goods prohibited from import and export by the country; ④ Xiongsu Technology: plans to acquire no more than 80% of the equity of Xinyuan New Materials; ⑤ Jingchen shares: third quarter net profit is expected to increase by 223%-248% year-on-year Preliminary estimates are that this year's revenue is expected to exceed 10 billion yuan; ⑥ Benchuan Intelligent: Net profit in the first three quarters is expected to increase by 190%-335% year-on-year. The revenue share of high-end high value-added PCB products such as high-end multilayer boards and high-end HDI has increased; ⑦ Dongyue Silicon Materials: Net profit in the first three quarters is expected to increase by 19050%-19750% year-on-year. Prices of major products have increased; ⑧ Dieffenbachia: It was clarified that Chairman Ou Xiantao was not involved in the rumors of the China Eastern Airlines flight conflict and has been reported to the police. B[China's software business revenue exceeded 10 trillion yuan from January to August, a year-on-year increase of 8.8%] On October 8, it was learned from the Ministry of Industry and Information Technology that in the first eight months of this year, China's software business revenue exceeded 10 trillion yuan, a year-on-year increase of 8.8%, and the total software industry profit increased by 1.3% year-on-year; software business exports were US$45.99 billion, a year-on-year increase of 12.5%. The operation performance by field shows that the revenue of software products has grown steadily. In the first eight months, software product revenue increased by 6% year-on-year, accounting for 21.5% of the industry's revenue. Information technology service revenue continued to grow in the first eight months, accounting for 68.7% of the industry's revenue. Among them, cloud computing and big data services achieved a total revenue growth of 11.1% year-on-year, accounting for 17.3% of information technology service revenue. B[On the first trading day after the National Day holiday, 20 funds will start subscriptions together] October 6th, October 8th is the first trading day after the holiday, and 20 funds will start subscriptions, forming the first small issuance peak in October. The 20 products include 7 passive index funds, 5 partial stock hybrid funds, 3 bond funds, 3 enhanced index funds, and 1 FOF fund and 1 REITs each. Investment themes cover GEM batteries, photovoltaics, artificial intelligence and other directions. In terms of investment themes, the technology growth direction is the most concentrated, involving many subdivisions such as chip design for the Science and Technology Innovation Board, artificial intelligence for science and technology entrepreneurship, software development, and robotics. Dividends and value styles are heating up at the same time, and new index products such as Yinhua CSI All Index Dividend Quality ETF, GF CSI Dividend Low Volatility ETF, and ABC China Securities Value 100 have been launched one after another. (China Securities Journal) B[U.S. software stocks collectively rose, IBM rose more than 5%] October 1st, boosted by Accenture raising its full-year revenue growth forecast, U.S. software stocks collectively rose before the market opened. As of now, IBM is up 5.7%, ServiceNow is up 3%, Atlassian is up 3.2%, Salesforce is up 2.5%, Intuit is up 2.3%, and Adobe is up 2.1%. Accenture expects fiscal 2027 revenue to grow by 3% to 6% in local currencies, higher than market expectations of 3.9%. The company said demand for consulting business and AI-related services remained strong. A[Bidding to see the leader] On September 30, the market focus stock Xinhua Media (6 boards) bid at the daily limit, PCB concept stocks Aohong Electronics (8 boards in 12 days) opened flat, Eton Electronics (2 boards in 4 days) opened higher by 3.88%, AI application concept stocks Zhongxinseike (7 boards in 13 days) opened lower by 1.89%, Nanwei Software (4 boards in 6 days) opened higher by 2.67%, the media board Xinhua Wenxuan (6 boards in 7 days) opened lower by 1.82%, Huamei Holdings (3 boards in 6 days) opened lower by 2.42%, robot concept stock Xuelong Group (4 boards) opened higher by 0.05%, Xiangyang Bearing (3 boards) opened lower by 8.79%, dye sector Shanshui Technology (GEM 2 boards) opened higher by 10.89%, and lithium battery sector Era Wanheng (2 boards) opened at the daily limit. B[Two departments: Strengthen the space guarantee for the development of producer service industries such as scientific and technological services, modern logistics, software and information services, financial services, energy conservation and environmental protection services] On September 29, the Ministry of Natural Resources and the National Forestry and Grassland Administration jointly issued the "Notice on Supporting the High-Quality and Efficient Development of the Service Industry." It is proposed to strengthen the land and space guarantee for the development of service industry. Natural resources (marine) and forestry and grassland authorities at all levels must adhere to demand-driven development, coordinate increments and stocks in the process of territorial spatial planning preparation, implementation and dynamic maintenance, strengthen the development space guarantee for producer service industries such as scientific and technological services, modern logistics, software and information services, financial services, energy conservation and environmental protection services, and rationally arrange the development space for living service industries such as resident services, elderly care and childcare, health, culture, tourism and sports. B[AI application side continues to rebound, Zongheng Communication and other stocks hit their daily limit] On September 29th, the AI application side continued to rebound in the afternoon, and Zongheng Communication closed the daily limit. Previously, Zhangyue Technology and Gravity Media had hit their daily limit and were worth buying. They rose by more than 10%. Danghong Technology, Shengshi Technology, Yinsai Group, Digital Zhengtong, and Rongji Software were among the top gainers. On the news, eight departments including the central bank jointly issued the "Guiding Opinions on Expanding Capacity and Improving Quality of the Financial Support Service Industry", proposing to empower the innovative development of software and information technology services, and guide financial institutions to comprehensively use diversified tools such as credit, bonds, and equity to support the development of "artificial intelligence + software". A[Analysis of midday daily limit on September 29] On September 29, a total of 44 stocks in the market reached their daily limit at noon today, with a total of 10 listed stocks, 9 stocks failed to be blocked, and the blocking rate was 83% (excluding ST shares and delisted stocks). In terms of focus stocks, Xinhua Media and Xinhua Wenxuan, which were merged and reorganized, had 6 consecutive boards and Xinhua Wenxuan had 6 boards in 7 days, AI application concept stocks Zhongxinseike had 7 boards in 13 days, Nanwei Software had 4 boards in 6 days, and robotics concept stock Xuelong Group had 4 boards in a row. B[The concept of computing power leasing fluctuated and rebounded, and Maixinlin rose by more than 18%] On September 29, the concept of computing power leasing fluctuated and rebounded during the session, with Maixinlin rising to the daily limit of 20cm. Previously, Nanwei Software had 4 boards in 6 days, and Entrepreneur Dark Horse, Jiahua Technology, Hubei Radio and Television, Infore Environment, Oriental Materials, etc. followed suit. According to the news, computing power lessor Nebius plans to increase the on-demand rental rates of major NVIDIA GPUs starting from October 1. The H100 will rise from $3.85 to $4.50 per hour, the H200 will rise from $4.50 to $5.40, the B200 will rise from 7.15 to $8.50, and the B300 will rise from 7.85 to $9.50. The overall increase is about 17% to 21%. B[The concept of network security has fluctuated and risen, and Sino-Singapore has had three boards in five days] On September 29, the concept of network security has fluctuated and has risen, with Sino-Singapore having three boards in five days, Qiming Information, Gaoling Information, Yongxin Zhicheng, and Qi'anxin followed suit. On the news, NVIDIA released an open agent security platform, which is composed of OpenShell open source software and Sentry reference system design. The Sentry system runs on the BlueField-4 DPU, which can continuously monitor the behavior of the agent and isolate it when an abnormality is discovered, which can be completed within a few milliseconds at the fastest. B[Huawei executives responded that all the money of car companies has been made by Huawei: Huawei hopes to achieve win-win cooperation with car companies] On September 28, Jin Yuzhi, senior vice president of Huawei, CEO of Smart Car Solutions BU, and CEO of Yinwang Company, responded to the topic of "whether the money of car companies has been made by Huawei" in an interview with the media. He said that Huawei hopes to achieve win-win cooperation with car companies. Competition in the domestic auto market is fierce at present, and all auto companies are exploring ways to make profits and survive. Jin Yuzhi specifically pointed out that there is a greater need for in-depth collaboration between car companies and parts suppliers, and not all links must be self-developed.
In his view, car companies need to carefully calculate costs before planning to develop their own smart driving systems. "Especially for models below RMB 200,000, some car companies believe that it is difficult to control costs and maintain operations without self-research. Faced with fierce competition, car companies first think of reducing costs, and self-research becomes the priority. However, if car companies want to invest billions or even tens of billions in self-developed intelligent driving systems, many car companies have annual sales of less than 1 million units. When divided equally into a single vehicle, the cost of the software system alone will be several thousand yuan. This system still needs continuous iteration, plus related investments such as hardware and domain control. The self-developed model for car companies is not cost-effective." (China Business News) B[Eight departments including the central bank: guide financial institutions to comprehensively use diversified tools such as credit, bonds, and equity to support the development of "artificial intelligence + software"] On September 28, eight departments including the People's Bank of China jointly issued the "Guiding Opinions on Financial Support for Expansion and Quality Improvement of the Service Industry", which proposed to empower the innovative development of software and information technology services. Guide financial institutions to comprehensively use diversified tools such as credit, bonds, and equity to support the development of "artificial intelligence + software", promote innovative breakthroughs in intelligent programming tools and industrial software, build basic software ecosystems and open source communities, and apply smart audio-visual system ecological scenarios, and develop new business formats such as intelligence as a service and models as a service. Improve the financial guarantee for digital transformation services in the manufacturing industry and support the development of digital transformation service providers in the manufacturing industry. Actively meet the financing needs in areas such as artificial intelligence technology research and development, industry high-quality data set construction, application scenario expansion, and industrial ecological cultivation. Encourage financial institutions to provide medium and long-term financing for the construction of digital infrastructure such as information transmission, data and information technology, and strengthen financial support for national computing power layout, edge computing power construction, intelligent computing cloud service system, etc.
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