CHINESE DIPLOMAT SAYS IF PROPOSALS ARE NOT CHANGED, CHINA WILL HAVE TO TAKE COUNTERMEASURES AGAINST THE EU AND EUROPEAN COMPANIES

Elon Musk took the stand in a U.S. challenging trial OpenAI’s transition to a for-profit structure, with his lawyer Steven Molo arguing Musk’s early funding and recruitment were foundational. Musk alleges he was misled into backing a nonprofit, while Sam Altman’s counsel William Savitt said Musk knew and supported restructuring but sought control. OpenAI disputes Musk’s claims, calling the lawsuit harassment. Musk seeks leadership changes, damages exceeding $180 billion, and reversal of governance changes. Legal experts say Musk is an underdog.

Key News 1. Ministry of Industry and Information Technology: The next step will be to launch a special campaign on "Artificial Intelligence + Software," and orderly promote the deployment of computing power and the construction of edge computing power. 2. The State Council Tariff Commission issued an announcement on implementing zero-tariff measures for African countries with which it has diplomatic relations. 3. The Cyberspace Administration of China investigated and dealt with websites and platforms such as the "CapCut" app that illegally generated synthetic content labels. Individual Stock News 1. Ping An Insurance: Q1 net profit was RMB 25.022 billion, a year-on-year decrease of 7.4%. 2. BYD: Q1 net profit attributable to shareholders was RMB 4.085 billion, a year-on-year decrease of 55.38%. 3. BYD Electronics: Q1 net profit decreased by 95.53% year-on-year. 4. Sinopec: Q1 net profit was RMB 17.006 billion, a year-on-year increase of 28.2%. 5. CNOOC: Q1 net profit increased by 7.1% year-on-year. 6. Foxconn Industrial Internet: Q1 net profit was RMB 10.595 billion, a year-on-year increase of 102.55%. 7. LONGi Green Energy: Net loss of 1.9 billion yuan in Q1. 8. Xianglu Tungsten: Net profit increased by 2917% year-on-year in Q1. 9. Luxshare Precision: Net profit of 3.66 billion yuan in Q1, up 20.24% year-on-year. 10. Beijing Junzheng: Net profit of 319 million yuan in Q1, up 331.61% year-on-year. 11. Zhongjin Gold: Net profit of 2.381 billion yuan in Q1, up 129.23% year-on-year. 12. Shenghong Technology: Net profit of 1.288 billion yuan in Q1, up 39.95% year-on-year. 13. Shengyi Technology: Net profit increased by 105.47% year-on-year in Q1, driven by increased revenue and gross profit from copper clad laminate products. 14. Puran Shares: Net profit increased by 1260% year-on-year in Q1, driven by increased unit price of memory chip products. 15. AVIC Shenyang Aircraft: Net profit decreased by 62% year-on-year in Q1, mainly due to product structure adjustments and delivery schedules. 16. Luzhou Laojiao: Q1 net profit of RMB 3.708 billion, down 19.25% year-on-year. 17. Wuliangye: Postponed the release of its 2025 Annual Report and 2026 Q1 Report. 18. Gujinggong Liquor: Q1 net profit of RMB 1.607 billion, down 31.03% year-on-year. 19. Gree Electric Appliances: 2025 net profit of RMB 29.003 billion, down 9.89% year-on-year; plans to repurchase shares worth RMB 5 billion to RMB 10 billion. 20. Changxin Bocheng: Plans to acquire a 2.20% stake in Changxinsheng, a high-speed active optical cable company, for RMB 196 million. 21. Cambricon: 2025 equity distribution plan includes a cash dividend of RMB 15 per 10 shares and a bonus issue of 4.9 shares per 10 shares, with the record date being May 7, 2026. 22. Guangpu Co., Ltd.: Plans to jointly develop optical engine products for optical communication modules with Sailer Optoelectronics and establish a joint venture whose business includes inter-satellite optical communication modules and OCS.