GuShiio.com ① Government Work Report: The expected GDP growth target for 2025 is about 5% ② State Council: Increase equity financing support for technology-based enterprises that break through key core technologies ③ The Nasdaq China Golden Dragon Index rose 6.4%④ The Third Session of the 14th National People’s Congress will hold an economic-themed press conference this afternoon ④ Wuliangye: The company plans to invest 19 projects in 2025, with an investment amount of 2.586 billion yuan.
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macro news
1. Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission, emphasized on the afternoon of the 5th when participating in the deliberation of the Jiangsu delegation at the Third Session of the 14th National People’s Congress, that the successful realization of the “14th Five-Year Plan” development goals requires major economic provinces. Take the lead. Jiangsu must grasp the focus of taking the lead, take the lead in promoting the integration of scientific and technological innovation and industrial innovation, bravely take the lead in promoting deep-level reform and high-level opening up, be at the forefront of implementing major national development strategies, and promote common prosperity for all people. Make a demonstration.
2. Premier Li Qiang of the State Council proposed in his government work report on the 5th that the main expected goals for this year’s development are: GDP growth of about 5%; to implement a more proactive fiscal policy, this year’s deficit rate is planned to be around 4%, which is higher than the previous year. Increase by 1 percentage point, the deficit scale is 5.66 trillion yuan, an increase of 1.6 trillion yuan over the previous year; this year, it plans to issue ultra-long-term special treasury bonds of 1.3 trillion yuan, an increase of 300 billion yuan over the previous year; It is planned to arrange 4.4 trillion yuan in special local government bonds, an increase of 500 billion yuan over the previous year; implement a moderately loose monetary policy, reduce reserve rates and interest rates in a timely manner, maintain sufficient liquidity, and make greater efforts to promote the healthy development of the property market and stock market.
3. The Third Session of the 14th National People’s Congress will hold a press conference at 3 p.m. today in the Press Conference Hall of the Media Center, inviting Zheng Zhajie, Director of the National Development and Reform Commission, Lan Fo ‘an, Minister of Finance, Wang Wentao, Minister of Commerce, Pan Gongsheng, President of the People’s Bank of China, and Wu Qing, Chairman of the China Securities Regulatory Commission, answered questions from Chinese and foreign journalists on issues related to development and reform, fiscal budget, commerce, financial securities and other issues.
5. Foreign Ministry Spokesperson Lin Jian held a regular press conference on the 5th. The reporter asked China’s ambassador to the United States on social media that China is ready to fight a tariff war, trade war or some other war with the United States. Lin Jian said that he had not seen the relevant statement from China’s ambassador to the United States. If the United States has other intentions and insists on harming China’s interests, China will surely stand by to the end. We advise the United States to put away its bullying face and return to the right track of dialogue and cooperation as soon as possible.
industry news
1. The State Administration of Financial Supervision recently organized and carried out a pilot work to moderately relax the M & A loan policy for technology enterprises to support the development of technology enterprises. For “controlling” mergers and acquisitions, the pilot will relax the loan term from “no more than 60%” to “no more than 80%” of the M & A transaction volume, and relax the loan term from “generally no more than seven years” to “generally no more than ten years.” Pilot projects for M & A loans for technology companies include 18 cities including Beijing, Shanghai, Hangzhou, and Shenzhen.
2. According to the Chengdu City Bureau of Planning and Natural Resources, recently, the Dangba Lithium Mine in Malkang City, Aba Prefecture, Sichuan Province passed the mineral resource reserve review and filing of the Ministry of Natural Resources, adding 440,000 tons of lithium oxide resources, and a total of 1.1207 million tons of lithium oxide resources have been identified. The amount is 1.1207 million tons, making it the first granite pegmatite-type lithium deposit in Sichuan Province with lithium oxide resources exceeding one million tons, and the largest granite pegmatite-type lithium deposit in Asia to date.
3. According to online platform data, as of 18:25 on March 5, the number of viewers of the movie “Nezha: The Devil Boy Raises in the Sea” exceeded 300 million, becoming the first movie in China’s film history that the number of viewers exceeded 300 million.
4. Morgan Asset Management stated that the process of asset revaluation in China has just begun and is far from over. With the introduction of a series of policies, the market may usher in a “Davis double click” process-that is, while valuations are improving, corporate profits are also gradually improving, which is expected to push the market into a better investment stage.
5. The recently released “2024 China Micro Short Drama Industry Research Report” disclosed the complete ecology of the development of my country’s micro short drama industry. The “Report” predicts that the micro-drama market will continue to grow rapidly in the future. The market size will reach 63.43 billion yuan in 2025 and 85.65 billion yuan in 2027, with a compound annual growth rate of 19.2%.
6. According to the National Development and Reform Commission, starting from 24:00 on March 5, the domestic retail price limit for gasoline and diesel will be lowered by 135 yuan and 130 yuan per ton respectively. On the national average: No. 92 gasoline is reduced by 0.11 yuan per liter, No. 95 gasoline is reduced by 0.11 yuan per liter, and No. 0 diesel is reduced by 0.11 yuan per liter. Filling up a 50-liter box of No. 92 gasoline will cost about 5.5 yuan less.
company news
1. Wuliangye announced that the company plans to invest in 19 projects in 2025 with an investment amount of 2.586 billion yuan.
2. Longxi announced that joint bearings, supporting products in the field of humanoid robots, are still in the stage of development or small batch sample delivery and testing.
3. Tongwei announced that the power of heterojunction modules has once again broken the world record.
4. Haoshanghao announced that the company did not violate fair information disclosure.
5. Yunnei Power announced that it has obtained a road test license for Kunming City Intelligent Network Connected Vehicles.
6. Xuerong Biotech announced that the controlling shareholder is planning to change the company’s control rights and its shares are suspended.
7. Shi Dashenghua announced that the subsidiary has signed a strategic cooperation framework agreement with Ningde Times and is expected to supply 100,000 tons of electrolytes.
8. Yunding Technology announced that some of the company’s products have implemented DeepSeek access and are based on DeepSeek for industry application development.
9. Baotong Technology released an investor relations activity record form and announced that the contract with Yushu Technology has entered the signing process.
10. Huayu Mining announced that the price of antimony products has increased significantly in recent times and there are greater risks.
11. Yongtai Technology announced that the company and Fudan University plan to launch technical cooperation on medium and long-term lithium battery technology development projects.
12. Hengbao announced that controlling shareholder Qian Jing plans to reduce his shareholding in the company by no more than 3%.
13. Xinyuanwei announced that it plans to plan for a change in control rights and its shares will be suspended starting today.
14. Neusoft Carrier announced that its subsidiary’s RISC-V core-based chip products have been mass-produced and generated revenue.
global market
1. The three major U.S. stock indexes collectively closed up. The Dow rose 1.14%, the Nasdaq rose 1.46%, the S & P 500 index rose 1.12%, large technology stocks generally rose, and Microsoft rose more than 3%. Popular Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index rising 6.4%.
2. The settlement price of WTI crude oil futures fell 2.86% to US$66.31/barrel; the settlement price of Brent crude oil futures fell 2.45% to US$69.30/barrel.
3. COMEX gold futures closed up 0.29% at US$2929/ounce;COMEX silver futures closed up 2.65% at US$33.24/ounce.
Investment opportunity reference
1. Huawei claims that the traffic generated by the domestic AI model Token has increased by 33 times
According to media reports, Yang Chaobin, director of Huawei and CEO of ICT BG, said that in the past eight months, the traffic generated by Tokens generated by AI in the China market has increased 33 times, 15 times of which came from paid Tokens. Since DeepSeek came out, the price per Token in the China market has dropped by 97%. It is estimated that by 2030, the increase in network traffic brought by Token in the China market will reach about 500TB per day, while now all mobile network traffic in China adds up to 90TB per day. This means that the number of Tokens alone can increase mobile network traffic.
China Galaxy said that the global artificial intelligence market continues to show growth, and the growth rate of the development level of China’s intelligent computing power is higher than expected. The latest data from IDC shows that the total amount of data generated globally will reach 163ZB in 2024, will increase to 201.6 ZB in 2025, and will double to 393.9 ZB in 2028. The five-year compound growth rate from 2023 to 2028 is 24.4%.
2. Channel SSD storage prices continue to rise again. Institutions say that AI-driven domestic enterprise-level SSDs welcome opportunities.
According to media reports, at the beginning of March, the stock market performed differently. Benefiting from the shortage of low-cost resources and continued price increases, the upward shift in costs has boosted the prices of finished SSD products in some channels to rise for two consecutive weeks. However, due to the impact of too much low-end supply and sluggish demand, the prices of memory strips in most channels have been lowered this week; the supply of large-capacity UFS is sufficient, customer price acceptance is low, and the demand side is mainly based on a wait-and-see attitude; only industry prices remain unchanged.
According to IDC data, it is estimated that the proportion of all-flash arrays in global enterprise-level storage systems is expected to exceed 50% in 28 years, and the global enterprise-level SSD market capacity will reach US$32.4 billion. Guosen Securities said that former manufacturers continue to reduce production, and NAND prices are expected to gradually stabilize; on this basis, AI opens the incremental market for SSDs, localization opens the verification window, and domestic enterprise-level SSDs welcome incremental opportunities.
3. The world’s first humanoid robot half marathon will be held in Yizhuang, Beijing
At a press conference held by the Beijing City Government Information Office, Beijing Economic and Technological Development Zone (Beijing Yizhuang) announced that the Beijing Yizhuang Half Marathon will be held on April 13, and the world’s first humanoid robot half marathon will be held simultaneously.
Previously, Beijing has issued policies to promote robots to replace dangerous and heavy jobs. The Shanghai Securities Machinery Team believes that recently, domestic and foreign industries have ushered in intensive catalysis, and the number of people entering the industry has increased significantly. In terms of commercialization, the industrial scenario has become a highly certain application trend at home and abroad. We are optimistic about the humanoid robot industry chain. Enter the stage of “letting a hundred flowers bloom and a hundred schools of thought contend”.
4. Various industries are actively accessing deepseek, and institutions say that domestic computing power demand is expected to be further stimulated
Recently, Jiumu Group officially announced that its digital platform is fully connected to DeepSeek-R1, becoming the first company in the sanitary industry to realize deep empowerment of the Al model.
Not only have multiple platforms announced access to DeepSeek, but various industries have also intensively taken this “express train”. On March 5, the Beijing City Supervision Bureau connected DeepSeek through Baidu Intelligent Cloud Qianfan. On the same day, CGNPC’s AI model was connected to deepseek. Guodu Securities said that after domestic AI companies have made in-depth efforts to release the large model DeepSeek-R1, it has continued to receive great attention. Major platforms including Tencent and Ali have successively connected to DeepSeek, and domestic computing power demand is expected to be further stimulated. The latest data from IDC shows that the total amount of data generated globally will reach 163ZB in 2024, will increase to 201.6 ZB in 2025, and will double to 393.9 ZB in 2028. The five-year compound growth rate from 2023 to 2028 is 24.4%. The growth rate of the development level of intelligent computing power in China is higher than expected, and China companies are accelerating investment in the layout of generative artificial intelligence.
