GuShiio.com ① The United States pressured allies to upgrade restrictions on China’s chip industry, and the Ministry of Foreign Affairs responded ② Tesla customer service responded to software updates in China: only L2 intelligent assisted driving ③ Most popular Chinese stocks rose ④ Alibaba Open Source’s Wensheng video model Wanxiang 2.1 ④ DeepSeek is accelerating the launch of the R2 model.
There are no new shares listed today and no new shares are subscribed for.
macro news
1. Foreign Ministry Spokesperson Lin Jian held a regular press conference on February 25. A reporter asked that the Trump administration is drafting stricter semiconductor restrictions and putting pressure on key allies to upgrade restrictions on China’s chip industry. Lin Jian said that the United States has politicized, safeguarded and instrumentalized economic, trade and scientific and technological issues, continuously increased export controls on chips to China, and coerced other countries to suppress China’s semiconductor industry. This behavior has hindered the development of the global semiconductor industry and will ultimately backfire itself and harm others.
2. On February 24, the European Union announced that it would include some Chinese companies and individuals in the 16th round of sanctions against Russia. The Ministry of Commerce stated that China has always opposed unilateral sanctions that have no basis in international law and are not authorized by the United Nations Security Council., it has repeatedly expressed strong dissatisfaction and firmly opposed the EU’s unreasonable sanctions on Chinese companies and individuals. We urge the EU to stop listing China companies and stop smearing and blaming China. China will take necessary measures to resolutely safeguard the legitimate rights and interests of China enterprises.
3. The State Administration of Financial Supervision and the National Development and Reform Commission jointly held a promotion meeting on the financing coordination mechanism to support small and micro enterprises on February 25. The meeting emphasized that we must resolutely eliminate various hidden barriers that hinder the financing of private and small and micro enterprises, and fully support private and small enterprises. Micro enterprises have overcome difficulties and developed healthily, and have truly become new driving forces and engines for promoting high-quality economic and social development.
industry news
1. It was learned from people familiar with the matter that Alibaba fully opened up its video generation model Wanxiang 2.1 model yesterday evening. Wanxiang 2.1 enhances spatio-temporal context modeling capabilities through its self-developed efficient VAE and DiT architecture, supports efficient encoding and decoding of infinitely long 1080P video, realizes the Chinese text video generation function for the first time, and ranks first on the VBench list.
2. Yesterday, Tesla announced the launch of an update to the Autopilot automatic assisted driving function on urban roads. A reporter from the “Science and Technology Innovation Board Daily” visited Tesla’s offline stores and consulted Tesla’s official customer service to understand that the update was pushed in batches., is an official grayscale test. The intelligent assisted driving launched in China is currently only at the L2 level and cannot yet achieve the completely driverless driving function of the US FSD.
3. Sources said DeepSeek is accelerating the launch of its R2 artificial intelligence model. It was originally planned to launch in May, but is currently working to launch it as soon as possible.
4. Yushu Technology updated a video yesterday titled “Kung Fu BOT: Yushu G1” and said that “the algorithm continues to be upgraded and you can learn whatever you want.” In the video, the G1 robot completed continuous martial arts movements and maintained balance.
5. The reporter learned that Doubao, an AI assistant owned by ByteDance, is testing the deep thinking model on a small scale, but it is not connected to the DeepSeek model. According to the relevant person in charge of bean buns, the current testing is different experimental versions of his deep thinking model.
6. Nvidia announced yesterday that the GTC 2025 conference will hold a special session on China AI Day-Cloud and Internet Chinese, which is scheduled to start live at 9:30 a.m. on March 18, Beijing time. This special session brought together many domestic cloud and Internet companies, including ByteDance, Volcano Engine, Alibaba Cloud, Baidu, Ant Group, Jingdong, Meituan, Quick Hand, Baichuan Intelligent, Raye Technology and Votee AI.
7. The relevant person in charge of China Electric Vehicle 100 People’s Association said in Beijing on the 25th that in the field of new energy vehicles, it is expected that all-solid-state batteries will start loading by 2027, and mass production applications will be achieved by 2030.
8. A reporter from Cailian learned from multiple distribution channels that recently, the price of a single watt of major photovoltaic module brands has increased by 2 to 5 cents. A person from the head component factory told a reporter from the Financial Union that the company has indeed adjusted prices recently; under the influence of the new policy to grab installed capacity, the company’s component production schedule has increased recently. At the same time, industry self-discipline gradually plays a role, and the market regulation mechanism gradually returns to rationality.
9. The Shanghai City Administration of Traditional Chinese Medicine issued the “Key Points for the Work of Traditional Chinese Medicine in Shanghai City in 2025”, using artificial intelligence, big data and other technologies to promote the digital integration, mining and utilization of the academic experience of famous traditional Chinese medicine experts, and explore a new model of intelligent inheritance of famous Shanghai doctors. Strengthen the construction of inheritance studios for famous and elderly traditional Chinese medicine experts and inheritance studios for elderly pharmacists at all levels, and give priority to recommending traditional Chinese medicine experts in the field of women and children to establish national-level studios.
company news
1. Haitian Raisheng released a performance report, with a net profit of 11.215 million yuan in 2024, a year-on-year loss.
2. Haitong Securities announced that the company’s A-share shares will not enter the delisting consolidation period and will be terminated on March 4, 2025.
3. Starway released a performance report, and its net profit in 2024 increased by 2,651.81% year-on-year.
4. Zhuoyi Technology announced that the company’s products are not used in AI eyes-related fields.
5. Xuelong Group announced that the company has a very low shareholding ratio in Yushu Technology and has no business cooperation.
6. Dawei Technology announced that the company is an Internet integrated service provider mainly engaged in IDC business, providing customers with services such as cabinet leasing.
7. Chaoda Equipment announced that the company’s control rights are planned to change, and trading of stocks and convertible bonds will resume today.
8. Smart Agriculture announced that there is uncertainty in the reorganization process of Dongyin Holdings and Jiangdong Group and whether the reorganization can be successful.
9. Zhongding announced that the company’s business in the field of robot component assembly is still in the business development stage.
10. Aojie Technology announced that the company does not provide any ASIC chip customization services to Alibaba Group.
11. Hengxuan Technology released a performance report, with a net profit of 460 million yuan in 2024, a year-on-year increase of 272%.
12. Bee Assistant announced that cloud terminal technology-related R & D and products account for a low proportion of main business income.
global market
1. The three major U.S. stock indexes closed in different directions. The Dow rose 0.37%, the Nasdaq fell 1.35%, the S & P 500 fell 0.47%, large technology stocks fell generally, and Tesla fell more than 8%. Most popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.58%.
2. COMEX gold futures closed down 1.17% at US$2,928.6 per ounce;COMEX silver futures closed down 1.68% at US$32.055 per ounce.
3. The settlement price of WTI crude oil futures fell 2.5% to US$68.93/barrel; Brent crude oil futures closed down 2.35% to US$73.02/barrel.
Investment opportunity reference
1. Yihang Intelligent joins hands with Jianghuai Automobile to promote the construction of low-altitude industrial parks
Yihang Intelligent, Jianghuai Automobile and Hefei Guoxian Holdings Co., Ltd. officially signed a strategic cooperation agreement in Hefei. The three parties will work together to promote the construction of the low-altitude industrial park in Hefei City to establish a joint venture company, invest in the construction of advanced, standardized and automated low-altitude aircraft production plants and production lines, and promote the development of a new three-dimensional transportation ecosystem.
Low-altitude economy is one of the most popular industries in the future. At present, policies and measures have been introduced across the country to support the development of low-altitude economies, including the intensive introduction of favorable policies for low-altitude economies, and plans to use financial instruments such as special bonds and ultra-long-term special treasury bonds to provide stable sources of funds for the development of low-altitude economies. Founder Securities believes that there is a high degree of overlap between the low-altitude economic industrial chain and the new energy vehicle industrial chain. The three-electric system, intelligent driving technology and lightweight technology of new energy vehicles have laid a solid industrial foundation for the development of low-altitude industries.
2. New progress in brain-computer interfaces, agencies say policies and technologies continue to catalyze the industry into the eve of an explosion
Notice from the Comprehensive Department of the State Food and Drug Administration on the establishment of the medical device industry standard “Quality Requirements and Evaluation Methods for EEG Data Sets for Medical Devices Using Brain-Computer Interface Technology for Artificial Intelligence Algorithms”. In order to meet the urgent needs of supervision and promote the high-quality development of medical devices using brain-computer interface technology, after research, the State Food and Drug Administration approved the “Quality Requirements and Evaluation Methods for EEG Data Sets for Medical Devices Using Brain-computer Interface Technology for Artificial Intelligence Algorithms” Medical Device Industry Standards Development and Revision Project was established
Brain-computer interfaces are new productive forces and future industrial development directions. Policies encourage the development of the brain-computer interface industry. Beijing, Shanghai, Tianjin, Hubei and other places have successively issued policy documents to cultivate future industries to encourage the development of the brain-computer interface industry. Northeast Securities pointed out that policies and technology continue to catalyze, and the industry is on the verge of an explosion. Short-term recommendations focus on the implementation progress of brain-computer interfaces in medical scenarios, especially in the non-invasive consumer market, and medium-and long-term recommendations focus on the huge application market brought about by invasive technological breakthroughs.
3. Omdia: Storage growth is expected to continue to recover in 2025
Omdia posted that the next wave of artificial intelligence will focus on AI agent deployment and private data enhancement training, which will lead to an increase in data center storage spending. Storage growth is expected to continue to recover in 2025, and storage device shipments will grow at a CAGR of 12.5% by 2029.
Recently, structural price increases for memory have begun. The electronics team of Soochow Securities is optimistic that Internet manufacturers will significantly increase capital expenditures, and AI will continue to grow rapidly in the next three years. Under the requirements of localization rate, domestic companies that prioritize enterprise-level SSD module will fully benefit and are optimistic about enterprise-level SSD tracks. The electronic team of Haitong Securities pointed out that DRAM and NANDFlash will be extended to various AI applications in 2024. In 2025, with the further increase in penetration of AI applications, the number of storage stand-alone units will continue to grow.
4. A variety of new smartphones will be released
New mobile phones will be released intensively. The Xiaomi 15Ultra was released at 7 pm on February 27. Media reports said that realme plans to release a super-flagship smartphone at the 2025 Mobile World Conference (held from March 3 to 6), featuring powerful shooting performance and zoom capabilities.
According to the latest research from Counterpoint Market Monitoring Service, driven by the trend of high-end, global smartphone revenue will increase by 5% year-on-year in 2024, and the average selling price (ASP) will increase by 1% year-on-year. The average selling price reached US$356, the highest in history. Open source securities Chen Rongfang believes that Deepseek is accelerating the innovation and implementation of end-side AI, and the consumer electronics industry is expected to reshape its valuation. Mobile phones will continue to occupy the dominant position in the AI terminal ecosystem, and the continued improvement of the AI ecosystem will continue to enhance the consumer experience and promote the growth of demand for AI mobile phone replacements. At the same time, combined with national trade-in subsidies, domestic mobile phone market sales are expected to increase significantly in 2025.
