Market news: The Iranian military announced today that it shot down seven drones in different parts of the country. Since the start of the war, Iran has claimed to have shot down 29 drones.

The main plastic futures contract hit its daily limit, rising 5.99% to 6,991 yuan/ton.

Key News 1. Khamenei's assassination escalates US-Israel conflict in Iraq. 2. National Development and Reform Commission Price Monitoring Center: Memory chip prices continue to rise and are being passed on to downstream industries. 3. my country's first national-level standard system for humanoid robots and embodied intelligence is released. 4. Four departments adjust and optimize microcredit for impoverished populations to support microcredit. 5. China Securities Regulatory Commission (CSRC) releases the "Measures for the Supervision and Management of Information Disclosure of Private Equity Investment Funds". 6. CSRC holds a symposium with foreign institutions on the "15th Five-Year Plan" for the capital market, studying and planning key measures to promote high-quality development of the capital market over the next five years. Individual Stock News 1. Wuliangye: Chairman Zeng Congqin detained. 2. Zhongji Xuchuang: Net profit increased by 109% year-on-year in 2025. 3. Biwin Storage: Net profit increased by 438% year-on-year in 2025, with significant growth in storage business. 4. Cambricon: Net profit of 2.059 billion yuan in 2025, turning a loss into a profit year-on-year. 5. Montage Technology: Net profit of RMB 2.236 billion in 2025, a year-on-year increase of 58%. 6. Muxi Technology: Net loss of RMB 781 million in 2025, with significant growth in GPU product shipments. 7. Moore Threads: Revenue exceeding RMB 1.5 billion in 2025, a year-on-year increase of 243.37%. 8. UCloud: Net loss reduced by 68.19% year-on-year in 2025, turning a profit in Q4. 9. Dongwu Securities: Plans to acquire Donghai Securities; trading suspended from today's opening. 10. OLED: Q1 net profit expected to increase by 175%-234% year-on-year, with significant growth in revenue from evaporation source equipment related businesses. 11. Shuangliang Energy Saving: Under investigation by the China Securities Regulatory Commission for suspected misleading statements in information disclosure and other illegal and irregular activities. 12. InStone Innovation: The Section 337 investigation involving the company has concluded; it will continue to import and sell existing products in the United States without restrictions. 13. Jierong Technology: The China Securities Regulatory Commission (CSRC) has decided to initiate an investigation into the company, Jierong Group, and its actual controller, Zhao Xiaoqun, for suspected violations of information disclosure regulations. 14. Taijia Shares (3 limit-up days in 5 trading days): Its data center power supply business accounted for a small proportion of revenue in 2025 and does not involve AI chip business. 15. Zhongwu High-Tech (2 limit-up days in 3 trading days): The main risks it faces in its operation and development include the risk of a price rebound after a sustained rise in tungsten prices and the risk of cost pressures being hindered in the industry chain. 16. Henan Energy Holdings (7 consecutive limit-up days): If the stock price rises further in the future, the company may apply to the Shenzhen Stock Exchange for a trading suspension for investigation. 17. Zhangyuan Tungsten (5 limit-up days in 7 trading days): Tungsten products are widely used in aerospace and other fields. The macroeconomic environment will affect market demand and tungsten product prices, thus affecting the company's operating performance.