French Foreign Minister: Hungary's talks with Russia during the EU summit betrayed EU unity.

Key News 1. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) established an Overseas State-owned Assets Management Bureau. 2. Trump believes China is pushing Iran to participate in ceasefire negotiations; the Ministry of Foreign Affairs responds. 3. China responds to the Strait of Hormuz toll charges. 4. The State Financial Supervision and Administration Commission issued a "Notice on Doing a Good Job in Financial Support for Rural Revitalization in 2026". 5. Zhao Ce of the Ministry of Industry and Information Technology: Policies and measures will be planned to guide the construction and application of space computing power, and the cultivation of the space computing power industry ecosystem will be accelerated. 6. The National Energy Administration: Power grid companies should increase power grid investment, optimize dispatch management, and continuously improve the capacity for renewable energy consumption. Individual Stock News 1. Tianhua New Energy: Q1 net profit is expected to increase by 27,517.53%-32,120.45% year-on-year. 2. Guanghe Technology: Q1 net profit is expected to increase by 58%-66% year-on-year, focusing on the AI server, accelerator card, and other computing power PCB markets. 3. Aluminum Corporation of China: Q1 net profit is expected to be between RMB 5.302 billion and RMB 5.585 billion, a year-on-year increase of 50%-58%. 4. Fuchun Dyeing & Textile: Q1 net profit is expected to increase by 1348%-1555% year-on-year, attributed to factors such as rising dye and chemical prices. 5. Zhongwei New Materials: Q1 net profit is expected to increase by 72%-92% year-on-year, with strong sales and production in its battery materials business. 6. Sinochem Rock & Soil: Revised its 2025 net profit forecast to a loss of RMB 950 million-1.4 billion; its stock trading may be subject to delisting risk warnings. 7. Biwin Storage: Emtil has sued the company in two patent disputes; the former was jointly established by MTL and a wholly-owned subsidiary of Jiangbolong. 8. Zhongheng Electric: CATL plans to strategically invest RMB 4.1 billion in its controlling shareholder; the company will cooperate with it in areas such as computing and power collaboration. 9. Digital China: Signed a sales contract for space computing power, providing AI acceleration modules. 10. Sihui Fusheng: Plans to raise no more than 950 million yuan through a private placement for a project to produce 600,000 square meters of high-multilayer and HDI circuit boards annually. 11. Zhongheng Electric: Its controlling shareholder, Zhongheng Technology Investment, plans to accept capital injection from CATL. 12. Jiahua Shares: The company's actual controller is planned to change to the Shandong Provincial State-owned Assets Supervision and Administration Commission; its stock will resume trading. 13. Sanan Optoelectronics: Vice Chairman and General Manager Lin Kechuang has been detained and is under investigation.

Fitch: If the ceasefire is effective and sustained, it will eliminate the risk of near-term escalation. Following the two-week ceasefire in the Gulf region and the high-level talks between the US and Iran, a scenario of serious tensions in the global energy market seems unlikely.