Mini Program: Quick News Update on A-Share Pre-Market Market
Important News
1. The Shanghai Stock Exchange plans to enhance its stock options strategy business by introducing a single-side closing function.
According to industry sources, to further enhance the capital efficiency of options investors, reduce trading costs, and promote the healthy development of the options market, the Shanghai Stock Exchange has released a proposal for a single-leg closing mechanism for options spread strategies. Building on the existing spread strategy framework, the new single-leg closing feature will allow investors to separately buy to close obligation positions within a spread strategy, thereby dissolving the spread before closing each leg individually, further streamlining the trading process. (China Securities Journal)
2. The Ministry of Commerce and seven other departments have released 17 measures to promote the development of "AI + Consumption."
Today (the 18th), the Ministry of Commerce and seven other departments issued the "Opinions on Accelerating the Development of 'AI + Consumption'," proposing 17 specific measures across five areas—including enhancing AI-driven product consumption and expanding AI-driven service consumption—to promote the widespread adoption of artificial intelligence in households and businesses, better meeting the people’s needs for a higher quality of life. In the area of product consumption, the Opinions call for increasing the supply of intelligent terminals and driving the transformation of consumer electronics from functional to intelligent models. They also advocate developing new consumer markets for humanoid robots and accelerating their integration from industrial to consumer settings. A platform for product launches will be established to facilitate the reach of new products. A fully integrated ecosystem connecting people, vehicles, and homes will be created, combining AI with cutting-edge technologies such as brain-computer interfaces and augmented reality to develop and launch a series of internationally leading new products. In the service consumption sector, the Opinions outline multiple practical measures focused on five key scenarios: home life, elderly care, culture and tourism, accommodation and dining, and education. For example, research will be conducted to incorporate smart home and service applications into guidelines for building "quality housing." Elderly care institutions will be guided to adopt AI technologies, implementing information management systems, intelligent security systems, and deploying intelligent nursing robots and rehabilitation robots. AI technologies will also be applied to enhance the convenience of hotel check-in services for overseas visitors. (CCTV News)
3. National Financial Regulatory Administration: Strengthen governance of the secure development and application of artificial intelligence
The National Financial Regulatory Administration has issued guidelines on the secure development and application of artificial intelligence in the banking and insurance industries. The guidelines propose strengthening governance for the secure development and application of AI. Financial institutions in the banking and insurance sectors that develop or apply AI should designate a dedicated committee under their board of directors (or board of supervisors) to oversee AI development and application management, coordinate the formulation of development plans, advance capability building, establish institutional standards, clarify lead departments and cross-functional collaboration mechanisms among business, technology, and data units, strengthen talent development, and adhere to the objective laws of technological evolution to ensure that AI applications are aligned with the institutions’ risk management capabilities.
4. National Energy Administration: Total electricity consumption across all sectors increased by 6.9% year-over-year in May 2026.
On June 18, the National Energy Administration released data on total electricity consumption for May. In May, total electricity consumption reached 867.1 billion kilowatt-hours, up 6.9% year-over-year. By sector, primary industry electricity consumption was 12.4 billion kilowatt-hours, up 5.0%. Secondary industry electricity consumption was 575.3 billion kilowatt-hours, up 6.0%; among which, industrial electricity consumption was 570.3 billion kilowatt-hours, up 6.2%, and electricity consumption by high-tech equipment manufacturing reached 109.1 billion kilowatt-hours, up 12.2%. Tertiary industry electricity consumption was 170.4 billion kilowatt-hours, up 9.7%; among which, electricity consumption for charging and battery swapping services and internet data services amounted to 14.9 billion and 9.0 billion kilowatt-hours respectively, with growth rates of 59.9% and 45.4%. Urban and rural resident living electricity consumption was 109.0 billion kilowatt-hours, up 7.5%. (National Energy Administration)
5. New progress has been made in the preliminary review of land use for the Jiaxiwo lithium mine; market participants say there is still some distance to go before formal approval.
On June 18, the Jiangxi Provincial Department of Natural Resources issued an announcement titled "One Administrative Permit for Land Use Review and Site Selection (as of June 17, 2026)." The announcement states that the land use review and site selection for the Zhenkouli–Jiexiawo lithium mine mining project in Yifeng County and Fengxin County have been approved. According to reporters, within the full lifecycle of a construction project, the land use review and site selection opinion serve as the first step in the pre-approval phase and the initial stage of planning implementation. This step occurs before the project is officially approved or formally planned, representing the first legal document required and acting as the first gateway for project implementation, still some distance from formal approval. (Futures Daily)
6. Seven departments: Guide platform enterprises to strengthen innovation in artificial intelligence areas such as general large models, industry-specific large models, and agents.
The Ministry of Industry and Information Technology and six other departments jointly issued the "Action Plan for Promoting Coordinated Development of Large and Small Enterprises in Platform Economies (2026–2028)." The Action Plan proposes guiding platform enterprises to strengthen innovation in artificial intelligence areas such as general large models, industry-specific large models, and intelligent agents, accelerate breakthroughs in key frontier technologies and product development including high-end chips, next-generation operating systems, and next-generation smart terminals, and promote the validation, application, and dissemination of new technologies and products. It supports collaborative innovation between platform enterprises and small and medium-sized enterprises (SMEs), encouraging joint applications with universities and research institutions for national major science and technology projects and key national R&D programs, and conducting collaborative research on core technologies. It supports platform enterprises in "posting challenges" and SMEs in "solving them," guiding SMEs to focus on specialized technical fields. It also promotes the establishment of mechanisms for increasing innovation investment by platform enterprises, benchmarking against global leading companies to enhance their capacity to support investments in foundational, original, and disruptive technologies.
7. Guangdong: Strive to build a world-class internet company with a valuation of one trillion yuan
The Guangdong Provincial People's Government issued a notice on the "Implementation Plan for Promoting the Expansion and Quality Improvement of Services in Guangdong Province," which mentions implementing a tiered cultivation program for internet enterprises, establishing a full-cycle cultivation system, nurturing a number of billion-yuan leading enterprises, and striving to develop world-class internet companies with a trillion-yuan scale. It aims to build a new hub for the digital content industry, create digital cultural IPs with nationwide influence, accelerate the construction of smart audio-visual cloud industrial parks, and support innovative development of platforms in internet music, live streaming, long- and short-form video, and online gaming, while fostering new business models such as immersive experiences and virtual digital humans. It also promotes the digital transformation of daily life services, enhances AI empowerment across all scenarios of life services, and establishes a nationwide AI-focused vertical platform for life services.
Individual stock news
1. Ningde Times Jiexiawo Lithium Mine Reobtains Project Land Use Approval
On June 18, the last business day before the Dragon Boat Festival, lithium carbonate prices plunged sharply. By the close of trading, the main futures contract for lithium carbonate, LC2609, fell more than 6%, dropping to around RMB 160,000 per ton—a decline of over 20% from its previous peak. In the spot market, according to the latest data from Mysteel, the morning average price for battery-grade lithium carbonate on June 18 dropped by RMB 8,000 per ton from the previous business day to RMB 168,800 per ton. In addition to conventional factors such as pre-holiday risk-aversion demand, an anonymous analyst noted that recent rumors have emerged suggesting accelerated resumption of operations at CATL’s Jianxiawo lithium mine in Yichun, leading market participants to generally anticipate a future increase in supply. That afternoon, the Jiangxi Provincial Department of Natural Resources’ Land Use and Spatial Planning Division confirmed that Yichun Times New Energy Mining Co., Ltd. had regained the “Opinion on Pre-Review of Land Use and Site Selection for Construction Projects” for the Jianxiawo lithium mine project on June 17, with validity extending from June 17, 2026, to June 17, 2029. (Jiemian)
2. Montage Technology: Recently successfully delivered samples of the sixth-generation DDR5 RCD chip.
Lanjing Technology stated on its interactive platform that it has successfully delivered samples of the sixth-generation DDR5 RCD chip to customers. This chip supports a data transfer rate of up to 9200 MT/s, a 15% improvement over the previous generation, meeting the stringent bandwidth requirements of next-generation server platforms. The company is the lead developer of the international standard for DDR5 RCD chips.
3. Kweichow Moutai: A cash dividend of RMB 28.02 per share will be distributed for the 2025 fiscal year, with the record date set for June 25, 2026.
Kweichow Moutai announced that its 2025 annual profit distribution plan has been approved by the shareholders' meeting. Based on a total of 1,250,081,601 shares, after deducting shares held in the treasury account, the company will distribute a cash dividend of RMB 28.02423 per share (including tax), totaling RMB 35.033 billion in cash dividends. The record date is June 25, 2026, and the ex-dividend (and ex-rights) date and cash dividend payment date are June 26, 2026.
4. Luxshare Precision's Hong Kong listing has been filed with the China Securities Regulatory Commission
The International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Luxshare Precision Industry Co., Ltd., which plans to issue no more than 440,993,700 ordinary shares for listing on the Hong Kong Stock Exchange.
5. China Ship Gas: Any rumors regarding tungsten hexafluoride should be confirmed by official company disclosures.
China Ship Gas Specialties has announced that there has been recent heightened attention on its tungsten hexafluoride product. The company has noticed media reports and market rumors discussing aspects such as production capacity, pricing, specifications, and order volumes for its tungsten hexafluoride product. The company hereby reminds all investors that all official information must be based solely on disclosures published on the Shanghai Stock Exchange website and designated information disclosure media. Investors should not rely on unverified market rumors or information found on online platforms, avoid overestimating the impact of any single product on the company’s performance, make rational investment decisions, and be mindful of investment risks. The company’s operating performance is subject to various uncertainties, including macroeconomic conditions, downstream market trends, competitive dynamics, product competitiveness, policy environments, and final pricing. Technologically, downstream industries such as integrated circuits and display panels may adopt new technologies, creating new product demands and posing substitution risks to existing products. In terms of market competition, an increase in market participants in the future could intensify competition and lead to lower product prices; if the company’s product upgrades fall short of expectations or lack competitiveness, it may result in declining sales and reduced market share, adversely affecting operating performance. Additionally, if changes in the macroeconomic environment or weakening downstream demand lead to a decline in industry sentiment or reduced capital expenditures by customers, the company may face operational pressures such as decreased product demand, underutilized production capacity, and lower selling prices, resulting in significant fluctuations in earnings.
6. Hubei Electronics: Plans to merge wholly-owned subsidiary Pujiang Warehouse, with unified planning for production capacity expansion
Huadian Co., Ltd. (002463.SZ) announced that it has acquired 100% of the equity in Kunshan Pujiang Storage Facilities Co., Ltd. ("Pujiang Storage") for RMB 207 million in cash, and will utilize Pujiang Storage’s facilities for capacity expansion. The acquisition has been completed recently, and Pujiang Storage is now a wholly-owned subsidiary of the company. To optimize its management structure and reduce administrative costs, the company plans to absorb and merge Pujiang Storage. This merger will facilitate unified planning and execution of the capacity expansion initiative.
7. HUAGUAN INDUSTRY: Plans to jointly increase capital in subsidiary Shanghai Xinsheng by RMB 11.448 billion with shareholder Guosheng Group to meet funding requirements for 300mm semiconductor wafer production.
Silicon Industry (688126.SH) announced that the company plans to jointly increase capital in its subsidiary, Shanghai Xinsheng, together with Guosheng Group, a shareholder holding more than 5% of the company’s shares, with a total capital increase of RMB 11.448 billion. Of this, the company will contribute equity in three subsidiaries, including Xinsheng Jingtou, valued at RMB 7.448 billion to subscribe for new registered capital in Shanghai Xinsheng; Guosheng Group will contribute RMB 4 billion (including RMB 1 billion from debt-to-equity conversion) to subscribe for new registered capital. After the capital increase, the company’s ownership stake will decrease from 100% to 84.48%, but it will remain the controlling shareholder. The company’s contribution of its subsidiary equity to increase capital in Shanghai Xinsheng extends its strategic development of the 300mm semiconductor silicon wafer business following the completion of its share issuance for asset acquisition in 2025. This move will further optimize the management and integration of the 300mm semiconductor silicon wafer business, improve resource allocation, enhance synergies, and boost operational efficiency. Guosheng Group’s capital injection into Shanghai Xinsheng will be exclusively used to upgrade production capacity for 300mm silicon wafers used in integrated circuits, aligning with the company’s business development and strategic needs. It will accelerate the construction of production capacity and enhance technological capabilities for 300mm semiconductor silicon wafers, further expanding the company’s market share, consolidating its leading position domestically, and strengthening its competitive advantage. This initiative is expected to positively impact the company’s future financial condition and operating results, in line with its long-term development plan.
8. Borui Pharmaceutical: Actual controller Yuan Jiandong has been released on bail pending trial for suspected market manipulation of securities.
BoRui Pharmaceutical (688166.SH) announced that its actual controller, Yuan Jiandong, has been issued a "Decision on Release on Recognizance" by the Suzhou Public Security Bureau due to suspected securities market manipulation, with the term commencing on June 18, 2026. Yuan Jiandong currently serves as Chairman and General Manager, and also performs the duties of Chief Financial Officer and Secretary of the Board. The company’s daily operations are managed by its respective functional departments, and this matter does not involve the company’s shares and will not impact its daily production and business activities. The company will promptly appoint a new Chief Financial Officer and Secretary of the Board within one month and fulfill its information disclosure obligations in a timely manner.
9. Heli Tai: The company's annual reports from 2017 to 2021 contained false statements; its stock will be subject to other risk warnings.
Heli Tai (002217.SZ) announced that it received a Notice of Administrative Penalty Prior to Decision from the Fujian Securities Regulatory Bureau, due to false statements in its annual reports from 2017 to 2021. According to relevant regulations, trading of the company’s stock will be subject to other risk warnings, but does not constitute grounds for mandatory delisting due to serious violations. The company’s stock will be suspended for one trading day starting June 22, 2026, and will resume trading on June 23, with the stock abbreviation changed to “ST Heli Tai” and the daily price fluctuation limit reduced to 5%. The company and relevant parties received the Notice of Administrative Penalty Prior to Decision from the Fujian Securities Regulatory Bureau. The annual reports from 2017 to 2021 contained false statements due to suspected violations of information disclosure regulations, including inflated or understated revenue, incorrect accounting treatment of subsidiary financing proceeds, insufficient provision for inventory write-downs, and errors in goodwill impairment calculations. The Fujian Securities Regulatory Bureau intends to order the company to rectify the violations, issue a warning, and impose a fine of RMB 9 million; it also intends to issue warnings and fines to multiple responsible individuals, including Wen Kaifu, who will be subject to a lifetime market ban. The company has determined that it does not meet the criteria for mandatory delisting due to serious violations but will be subject to other risk warnings.
10. China National Machinery Import & Export Corporation: Wholly-owned subsidiary signs RMB 1.127 billion EPC contract for energy storage power station
On June 21, Zhonggong International announced that its wholly owned subsidiary, China Zhongyuan International Engineering Co., Ltd., has signed an EPC contract with Anhui Yuankong Charging & Storage New Energy Technology Co., Ltd. for the construction of a 100 MW/102 MWh independent hybrid energy storage power station in Changfeng County, Hefei, Anhui Province. The contract value amounts to RMB 1.127 billion.
11. Xingye Technology: Plans to acquire indium phosphide substrate-related business for RMB 55 million
Xingye Technology announced that it has signed a framework agreement with Qingdao Liangon Crystal Electronics Semiconductor Technology Co., Ltd., intending to acquire, for a cash consideration of RMB 55 million, the assets related to Qingdao Liangon’s indium phosphide substrate and semiconductor electronic materials business, including all assets, teams, and intellectual property. This acquisition is subject to preliminary agreement and requires approval by the company’s board of directors; it is not expected to have a material impact on current-period performance.
12. BOE A: The company's capital expenditures will gradually decrease in the future.
On June 18, BOE A stated during an institutional research briefing that, in the future, as the company’s existing production lines continue to depreciate and its under-construction projects are gradually capitalized based on a comprehensive assessment of capacity ramp-up, the company’s overall depreciation expense will begin to decline from 2025 levels. Regarding capital expenditures, the display industry has gradually transitioned from a high-speed expansion phase to maturity; as the company’s investment scale decreases, its capital expenditures will also gradually decline. For capital expenditures related to new business initiatives, the company currently has no plans for equity issuance.
13.汤臣倍健: Plans to invest RMB 50 million in Yuanli Semiconductor, which is developing AI inference chips based on Chiplet technology.
汤臣倍健 announced that the company plans to invest RMB 50 million of its own funds in Yuanli (Beijing) Semiconductor Technology Co., Ltd., and will hold 0.97% of its equity upon completion of the investment. Since the spouse of the company’s chairman, Liang Yunchao, Luan Xiaohua, indirectly holds equity in the target company, this investment constitutes a related-party transaction. According to Yuanli Semiconductor’s official website, the company was established in April 2023 and leverages Chiplet technology to develop flexible, modular AI inference chips, providing cost-effective computing solutions for deploying large models at the edge.
14. Boyun New Materials: Since 2026, Boyun Oriental has not supplied high-end drill bit substrates to Zhongwu High-Tech’s subsidiary Jinzhou Precision Tools, nor has it recognized any sales revenue.
Boyun New Materials (002297.SZ) has issued an announcement regarding abnormal stock price fluctuations. The company is primarily engaged in the research, development, production, and sales of aviation wheel and brake systems and brake materials, carbon/carbon composite materials for aerospace, high-performance cemented carbides, and rare metal powder materials. In 2025, the company’s total revenue amounted to RMB 910 million, with revenue from commercial aerospace products totaling approximately RMB 2 million, representing a minimal share (less than 1%) of total main business revenue. As of now, no sales revenue from commercial aerospace products has been recognized for 2026. The joint venture, Honeywell Boyun Aviation Systems (Hunan) Co., Ltd., established jointly with Honeywell China Limited, holds a 49% equity stake by the company and is not consolidated into the company’s financial statements. In 2025, the joint venture reported net assets of -RMB 30.72 million, revenue of RMB 37.44 million, and a net loss of -RMB 33.21 million. The improved performance in the first quarter of 2026 was primarily driven by increased revenue and higher gross margins in the cemented carbide segment. A key factor influencing the company’s performance growth is the price volatility of key raw materials—tungsten carbide and cemented carbide products—which has significantly boosted year-over-year revenue and gross margin growth for its subsidiary, Boyun Oriental Cemented Carbide. The prices of these raw materials and the profitability of products are subject to fluctuations influenced by supply and demand dynamics and commodity market conditions, introducing uncertainty regarding the sustainability of future performance growth. Upon verification, Boyun Oriental has not supplied high-end drill bit substrates to Jinzhou Precision Tools, a subsidiary of Zhongtung High-Tech, nor has it recognized any sales revenue from such transactions since the beginning of 2026.