Mini Program: Daily Recap of A-Share Market News
Important News
1. National Development and Reform Commission: Recently, in collaboration with relevant departments, we are urgently developing an implementation plan for the strategy to expand domestic demand (2026–2030).
Zhou Hongwei, Deputy Director of the Department of National Economic Comprehensive Affairs at the National Development and Reform Commission, stated at a press conference that the Commission is currently working with relevant departments to urgently develop an implementation plan for the strategy to expand domestic demand (2026–2030). In the next step, the National Development and Reform Commission will collaborate with relevant departments to effectively expand domestic demand with greater intensity and more concrete measures. (Securities Times)
2. National Development and Reform Commission: Artificial intelligence-related industries maintained over 30% high growth in the first half of the year.
This morning, the National Development and Reform Commission held a press conference for July. A spokesperson for the NDRC stated that during the first half of the year, China accelerated its independent innovation in artificial intelligence, achieving rapid breakthroughs across multiple stages of the entire industrial chain. Jiang Yi, Director of the Policy Research Office and spokesperson for the NDRC, noted that the foundational computing power infrastructure has been strengthened, with the first domestically developed AI supercluster comprising 100,000 chips officially launched. By the end of June, the nation’s total intelligent computing power had reached 2.8 times its level from the same period last year. Element flows have become more dynamic, with over 120,000 high-quality datasets established, accelerating the formation of a virtuous cycle where computing power, models, and data mutually reinforce one another. Under coordinated efforts across sectors, artificial intelligence has become a powerful driver of economic growth, with related industries maintaining growth rates above 30%. Moving forward, China will accelerate independent innovation, strengthen basic research and technological innovation, and expedite data openness and sharing as well as the development of AI training corpora. (CCTV News)
3,495 companies bid on the 12th round of national drug procurement.
At 10:30 on July 31, the submission of bidding documents for the 12th batch of national centralized bulk procurement of medicines concluded, with 495 companies submitting 859 products. The event has now entered the bid-opening phase. Previously, medical insurance authorities successfully completed 11 rounds of national centralized bulk procurement of medicines, cumulatively procuring 490 types of drugs, with over 2,500 products from more than 800 companies selected—offering high-quality, cost-effective medicines widely available across common clinical treatment areas. (Xinhua News Agency)
4. The central government's budgetary investment of RMB 755 billion for this year has been largely allocated.
At the National Development and Reform Commission’s (NDRC) July press conference held today, an NDRC spokesperson stated that the central budgetary investment of RMB 755 billion for this year has largely been allocated. Jiang Yi, Director of the Policy Research Office and spokesperson for the NDRC, said that we have consistently combined investment in physical assets with investment in people, further increasing government spending on livelihood-related projects. For example, in disaster relief, since the start of this year’s flood season, the NDRC has urgently allocated 14 batches of central budgetary investment totaling RMB 750 million to support affected regions in emergency recovery of infrastructure and public service facilities. Additionally, in the area of work-for-relief programs, RMB 39.5 billion has been allocated this year to implement over 7,800 projects, engaging and stimulating employment for 1.5 million people, with an average income increase of more than RMB 10,000 per person, fully leveraging the comprehensive benefits of promoting employment, boosting income, and improving people’s livelihoods. (CCTV News)
5. In July, China's manufacturing PMI was 49.2%, indicating strong resilience in manufacturing production.
The National Bureau of Statistics' Center for Survey of Service Industries and the China Federation of Logistics and Purchasing today (the 31st) released the July China Purchasing Managers' Index. Affected by seasonal factors, manufacturing activity slowed. Equipment manufacturing and high-tech manufacturing continued to expand. The July China Manufacturing Purchasing Managers' Index stood at 49.2%, a decrease of 1.1 percentage points from the previous month. Historically, due to seasonal factors such as high temperatures, heavy rainfall, and typhoons, the manufacturing PMI has typically declined month-over-month in July in most years.
Starting August 1, 488 national standards, including those related to brain-computer interfaces, will take effect.
Starting August 1, 488 national standards take effect, including 46 mandatory and 442 recommended national standards. Key standards related to energy consumption limits for products, water use quotas in the Yellow River Basin, household solar water heating systems, brain-computer interfaces, digital twins, BeiDou applications, photovoltaic power generation systems, green product evaluation, and tourism services will provide foundational support for guiding and regulating the development of emerging and future industries, promoting environmental protection and green development, enhancing the quality of life for the public, and supporting high-quality economic growth. (Xinhua News Agency)
7. Unitree Technologies: The FCC-related ban will not affect the company’s existing core products, but future developed products may face risks of being unable to be sold in the U.S.
In its updated prospectus, Unitree Technologies stated that the U.S. Federal Communications Commission (FCC) has added advanced robotic devices and power inverters manufactured outside the United States to its list of regulated equipment and services. The company’s currently sold primary models—including the humanoid robots G1, H2, R1, and the quadruped robots Go2, B2, A2—have all obtained FCC certification and fall under the category of advanced robotic devices mentioned in the announcement; therefore, this policy change will not currently affect the continued sale of the company’s existing main products in the U.S. market. However, any newly developed robot models by the company will face the risk of being unable to be sold in the U.S. market unless they obtain specific exemptions or conditional approvals.
Individual stock news
1. Major capital flow data shows that Dongshan Precision led with a net inflow of RMB 3.546 billion in major capital, followed by Taiji Industry, Blue Focus, China Jushi, and Newlink Communications; CATL recorded the largest net outflow of RMB 1.321 billion in major capital, followed by Luxshare Precision, China Ship Special Gas, International Composite Materials, and Sungrow Power Supply.
2. Juntai Shares: Space photovoltaic-related products are currently in the laboratory R&D and in-orbit validation stages.
Jundar Holdings stated on the interactive platform that its space photovoltaic products are currently in the laboratory R&D and in-orbit validation stages, with validation activities progressing steadily according to plan. At this stage, no revenue or profit has been generated, and there remains uncertainty regarding future technological development, industrialization, and market promotion.
3. Baichuan Intelligence signs a strategic cooperation agreement with China Re Life Insurance
Recently, Baichuan Intelligence and China Life Reinsurance Company Limited signed a strategic cooperation agreement in Beijing. According to Baichuan Intelligence, the two parties will collaborate on AI-driven innovation in three areas: insurance services, marketing, and actuarial science (including underwriting).
4. Quectel Cat.1 module MQ771-GL is certified by CE and FCC.
According to Fibocom, recently, Fibocom’s global low-power LTE module, MQ771-GL, has passed CE and FCC certification. CE and FCC are essential compliance requirements for wireless devices entering the European and U.S. markets, covering key metrics such as product safety, electromagnetic compatibility, wireless spectrum, and RF emissions.
5. Antai Technology: Tungsten-molybdenum thermal field products and molybdenum targets for displays have achieved large-scale, stable supply.
An Tai Technology stated on the interactive platform that its tungsten-molybdenum thermal field products and molybdenum targets for displays have achieved large-scale, stable supply, and the company is continuously securing bulk orders.
6. NAURA announces the third-generation 12-inch all-quartz vertical LPCVD silicon nitride equipment
Recently, NAURA officially launched its third-generation 12-inch all-quartz vertical silicon nitride low-pressure chemical vapor deposition (LPCVD) system, the SICRIUS SN302D II, to the global market. This equipment enables NAURA to deeply penetrate high-growth sectors such as memory, advanced logic, silicon photonics integration, and high-end sensors.
7. Sunlord Electronics: The company has achieved mass production and shipment of AI inductor products manufactured using multiple processes.
On July 30, Sunlord Electronics (002138) stated at its earnings briefing that the company’s AI inductors are primarily designed to power various xPUs, including GPUs, CPUs, and ASICs, in AI servers. The company has already achieved mass production and shipment of AI inductor products using multiple technologies, including assembly, co-firing of copper and magnetic materials, and molding. In line with the industry’s evolution toward TLVR architecture, Sunlord has gained recognition and secured bulk orders from leading power module customers and major cloud service providers. Benefiting from surging demand in the data center sector, these products will continue to drive the company’s revenue growth.