A[Overview of U.S. stock market pre-market news: NVIDIA plans to restart the Rubin CPX project; ASML said that high numerical aperture extreme ultraviolet lithography machines are moving towards mass production; Samsung will allocate about 70% of its storage capacity to long-term cooperative customers by 2031] September 1st, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures collectively declined. Dow Jones futures fell 0.68%, S&P 500 futures fell 0.67%, and Nasdaq 100 futures fell 1.24%.
2. International oil prices have both surged. WTI crude oil futures prices rose 2.59% to US$87.983/barrel; Brent crude oil futures prices rose 2.14% to US$92.424/barrel.
3. International gold and silver spot prices continued their decline. Spot gold prices fell 1.81% to US$4,368.27 per ounce; spot silver prices fell by 2.22% to US$65.05 per ounce.
4. The three major European stock indexes collectively fell. Britain's FTSE 100 index fell 0.56%, France's CAC40 index fell 0.23%, and Germany's DAX30 index fell 0.90%.
5. Analyst Ming-Chi Kuo said that his latest industry survey shows that NVIDIA has restarted the AI inference pre-filled acceleration GPU "Rubin CPX" project, but its design has been significantly adjusted and production is expected to begin in Q1 2027.
6. ASML revealed that a total of 10 high numerical aperture extreme ultraviolet lithography machines (High NA EUV) have been installed and put into operation by 4 customers around the world, and another 3 are being shipped and installed. High NA EUV is moving towards the high-volume production stage.
7. Anthropic has signed a cloud computing agreement worth US$35 billion with Lambda, a cloud service provider invested by Nvidia, to further expand AI computing power.
8. Samsung’s memory business unit is reported to have allocated about 70% of its production capacity to long-term orders before 2031. Its main contract customers include large technology companies such as Nvidia, Microsoft and Google. HBM’s rush for goods is quite fierce.
9. Apple accused its former iPhone engineer who switched to OpenAI of "not only downloading Apple's confidential circuit schematics, but also using them in OpenAI's work."
10. Fervo Energy, the original developer of geothermal energy, is reported to have signed a nearly 400-megawatt geothermal power supply agreement with Google, and plans to start supplying power to Google in 2028. Once completed, the project is expected to become the world's largest enhanced geothermal energy facility. B[Zhonghuan New Energy’s revenue in the first half of 2026 increased by 56.3% year-on-year, accounting for nearly 20% of AI computing power business] On September 1, Central New Energy (01735)’s 2026 interim results showed that it achieved revenue of approximately HK$6.33 billion in the first half of the year, a year-on-year increase of 56.3%; gross profit was approximately 130 million yuan, a year-on-year increase of 50.0%. The income structure has undergone a qualitative change. As the second growth curve, the AI computing power business has soared to 1.047 billion yuan in revenue during the period, accounting for nearly 20%. This marks that the company's growth logic is evolving towards a "new energy + AI + computing power" compound growth model. Relying on the clean power base of photovoltaics and energy storage, Zhonghuan New Energy has extended its business upwards to AI data centers and computing centers, and further deployed AI Token factories to make bidirectional efforts in the field of AI software and hardware. From green electricity production to computing power empowerment, the company has risen to become a "clean smart energy leader" with comprehensive capabilities in AI underlying energy infrastructure construction and upper-level strategic planning. Based on a series of layouts, Zhonghuan New Energy will build irreplaceable competitive advantages in key areas of the AI industry chain. A[Morning News Selection on August 31st]
1. The People's Bank of China and the State Administration of Financial Supervision jointly issued the "Opinions on Reforming and Improving Real Estate Credit Management and Promoting the Acceleration of the Construction of a New Real Estate Development Model". Regarding personal housing loan policies, there are these changes: 1. The maximum term of personal housing loans is extended to 40 years; 2. Existing floating-rate mortgages can negotiate interest rate adjustments or loan replacements; 3. Personal housing loan issuance timing requirements; 4. Repayment difficulties can be negotiated to adjust the repayment plan.
2. The China Securities Regulatory Commission has formulated the "Opinions on Capital Market Support for the Construction of a New Real Estate Development Model" to support the refinancing of listed real estate companies and the comprehensive use of issuance of shares, directional convertible bonds, cash and other tools to acquire real estate-related assets.
3. The Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission issued an announcement on regulating individual income tax policies for the transfer of restricted shares of listed companies. It is proposed that the income obtained by individuals from the transfer of restricted shares of listed companies shall be subject to personal income tax at a tax rate of 20% as "income from property transfer".
4. The Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Administration of Financial Supervision jointly issued the "Notice on Improving the Commercial Housing Sales System". The "Notice" clarifies that all localities must vigorously and orderly promote the sales of existing commercial housing to achieve "what you see is what you get", fundamentally prevent delivery risks, and safeguard the legitimate rights and interests of home buyers.
5. Liu Liehong, director of the National Data Administration, said at the 2026 China International Big Data Industry Expo that it is necessary to study and explore business models such as word value-added subscription and pay-for-performance based on major national economic scenarios.
6. According to the National Data Administration, more than 20 computing power dispatching entities have officially settled in the national integrated computing power network monitoring and dispatching test verification platform to comprehensively improve computing power dispatching operation service capabilities. According to reports, the National Integrated Computing Power Network, as one of the "Six Networks", is a major project proposed in the "15th Five-Year Plan".
7. Kingboard Laminated Board, a copper-clad laminate manufacturer, has raised prices for the seventh time this year, with a uniform price increase of 10% for all thickness FR-4 copper-clad laminates; PP prepreg prices have been adjusted according to specifications, with thick cloth PP above 7628 (inclusive) increasing by 10%, and thin cloth PP below 7628 increasing by 20%.
8. It was learned from the Space Application Engineering and Technology Center of the Chinese Academy of Sciences that China recently made an important breakthrough in the Earth-Moon laser communication test mission, successfully establishing a two-way laser link over a distance of more than 400,000 kilometers from the Earth and the Moon, and achieving two-way high-speed laser communication between the Earth and the Moon for the first time.
9. Changxin Storage announced that Changxin LPDDR6 memory has been officially mass-produced, and Xiaomi 18 Fold new folding flagship mobile phone will be launched for the first time.
10. Changxin Technology announced that in the first half of the year, it achieved operating income of 150.31 billion yuan, a year-on-year increase of 873.64%; the net profit attributable to shareholders of listed companies was 77.605 billion yuan, turning losses into profits year-on-year. The company said that looking forward to the second half of 2026, the global supply shortage of DRAM products will continue.
11. BYD’s revenue in the first half of the year was 344.82 billion yuan, a year-on-year decrease of 7.13%; its net profit in the first half of the year was 12.33 billion yuan, a year-on-year decrease of 20.5%.
12. Wuliangye announced that in the first half of the year, it achieved operating income of 28.417 billion yuan, a year-on-year increase of 20.87%; net profit attributable to shareholders of listed companies was 8.753 billion yuan, a year-on-year increase of 89.3%.
13. PetroChina achieved operating income of 1,527.491 billion yuan in the first half of the year, a year-on-year increase of 5.3%; net profit attributable to shareholders of the parent company was 103.936 billion yuan, a year-on-year increase of 22.0%.
14. Ganfeng Lithium Industry announced that in the first half of the year, it achieved operating income of 23.097 billion yuan, a year-on-year increase of 175.75%; the net profit attributable to shareholders of the listed company was 4.257 billion yuan, turning a loss into a profit year-on-year.
15. Walter Gas announced that it plans to raise no more than 700 million yuan for the construction project of Jiangsu Walter’s semiconductor material production base. Youyan Silicon announced that it plans to acquire the equity interests of Shandong Youyan Ace and Shandong Youyan Semiconductor, which is expected to constitute a major asset reorganization.
16. Zhongjian Technology announced that it plans to invest 1.2 billion yuan to build an intelligent robot industrialization project. Shengyi Electronics announced that its wholly-owned subsidiary plans to invest 2.257 billion yuan to build the "Core Computer Intelligent Link" high-speed interconnection circuit board manufacturing project.
17. 2nd Lianban Xiangjiang Holdings announced that its wholly-owned subsidiary signed a computing power technology service contract of no more than 970 million yuan. Haixing Shares announced that it plans to raise no more than 2.1 billion yuan in additional capital for high-performance high-voltage electrode foil projects for AI computing power supplies.
18. LONGi Green Energy achieved operating income of 27.045 billion yuan in the first half of the year, a year-on-year decrease of 17.58%; the net profit attributable to shareholders of the listed company was a loss of 3.684 billion yuan.
19. Huazheng New Materials’ net profit attributable to shareholders of listed companies in the first half of the year was 173 million yuan, a year-on-year increase of 305.28%. Inspur Information announced that the net profit attributable to shareholders of listed companies in the first half of the year was 2.952 billion yuan, a year-on-year increase of 269.59%.
20. *ST Yuandao announced that the stock will be suspended from trading on August 31 due to forced delisting due to major violations of the law. Wanlishi announced that the company and the actual controller were placed on file by the China Securities Regulatory Commission for suspected violations of information disclosure.
21. The three major U.S. stock indexes closed collectively lower on Friday, with the Dow Jones Industrial Average falling 0.02%, the Nasdaq Composite Index falling 0.52%, and the S&P 500 Index falling 0.25%. That week, the Dow rose 0.53%, the Nasdaq rose 0.85%, and the S&P 500 rose 0.49%.
22. Federal Reserve Chairman Warsh said that inflation data did not show a significant improvement in inflation trends; if the inflation rate cannot reach 2% quickly, there is still work to be done.
23. Iran’s Islamic Revolutionary Guard Corps announced on social media in the early morning of the 31st that Iran launched missiles at a US military base. Earlier, explosions were heard near Iran's Larak Island.
24. Iranian President Pezhechiyan said that Iran is currently working hard to ensure that if the Strait of Hormuz is reopened under a specific framework, the United States must also fulfill its obligations.
25. “Big Short” Michael Burry posted that he was shorting Nvidia, but he also bought call options on Nvidia. He believes that Nvidia's monopoly position will last only a limited time and profit margins will decline in the future.
26. Anthropic plans to publish its IPO prospectus after September 7 and may be listed in the United States in late September or early October. According to reports, the company hopes to raise at least US$130 billion in the IPO to expand its computing power. A[R&D vitality bursts, A-share semi-annual report outlines innovation picture] August 31st, in the first half of 2026, a group of A-share industry leaders continued to irrigate the soil of innovation with R&D "living water", and R&D investment accelerated into corporate performance growth. Many companies delivered outstanding results in hard technology tracks such as AI computing power, new energy, and innovative drugs. According to incomplete statistics, as of August 30, more than 5,500 A-share listed companies disclosed their R&D investment in the first half of the year, with a total R&D investment of more than 810 billion yuan, a year-on-year increase of more than 7%. In terms of R&D scale, more than 1,200 companies have invested more than 100 million yuan in R&D, and more than 900 companies have invested more than 10% in R&D investment in operating income (referred to as "R&D intensity"). Judging from the increase in R&D investment, more than 2,800 companies have achieved year-on-year growth in R&D investment, accounting for more than 50% of the total. Among them, more than 1,200 companies have increased R&D investment by more than 20%. (Shanghai Securities News)
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