N Zhenbao shares surged more than 1,200% in late trade, triggering an intraday trading suspension; market capitalization exceeded 90 bln yuan and profit per trading lot topped 230,000 yuan.

Key News 1. CPO mass production has not been delayed, but the bottleneck is shifting upwards. 2. Liu Guozhong emphasized during his research visit to Jiangsu the need to build a new pillar industry in biomedicine and cultivate the future industry of brain-computer interfaces. 3. Zhang Guoqing emphasized at the national video conference on further deepening the reform of state-owned assets and enterprises that it is crucial to highlight strategic missions, focus on core responsibilities and main businesses, and resolutely deepen the reform of state-owned assets and enterprises. 4. Shanghai Stock Exchange: Guide companies to standardize information release mechanisms through non-statutory information disclosure channels and guard against being actively or passively involved in the hype surrounding hot concepts. 5. He Lifeng pointed out during his research visit to Henan that it is necessary to accelerate the improvement of the industrial innovation system and continuously promote the stabilization of foreign trade scale and optimization of structure. Individual Stock News 1. Nvidia demands PCB manufacturers reduce prices by 10%? PCB manufacturers and market participants say the rumors are significantly exaggerated and misinterpreted. 2. Yongtai Technology: Subsidiary plans to invest 800 million yuan to build a 50,000-ton-per-year VC and supporting engineering project. 3. Nanya New Materials: Prototyping of M8 and M9 high-end materials for 1.6T switches using NPI is underway. 4. Muyuan Foods: The company has achieved a cost reduction target of 323 yuan per pig, reaching an average reduction of 600 yuan per pig. 5. Xinlian Integrated Circuits: Signed a capital increase agreement, planning a total investment of approximately 20 billion yuan for a 12-inch automotive-grade mixed-signal chip manufacturing project. 6. Litong Electronics: The company's computing power business has a relatively high customer concentration, and all of its own computing power equipment has been leased out. 7. Yangtze Optical Fibre and Cable (YOFC) – The global optical fiber and cable industry is in an upward cycle, but the price fluctuations of some products are uncertain. 8. Hesheng Technology: Officially launched customer sampling for MLCC base film products this year. High-end M-grade carbon fiber has been specifically sampled to core aerospace research institutes. 9. Xingsen Technology: Plans to raise no more than 3.9 billion yuan through a private placement for the first phase of the high-end mSAP substrate intelligent manufacturing and industrialization project at Zhuhai Xingsen Semiconductor Co., Ltd. 10. Andeli: The acquired target, Yongqiang Technology, has a market share of less than 1%, but already possesses the R&D and production capabilities for M8 level and above high-speed copper clad laminate products. 11. Fulim Precision: Its subsidiary signed a "Project Investment Cooperation Agreement" to build a new integrated lithium dihydrogen phosphate project with an annual output of 200,000 tons and a supporting 100,000-ton thermal phosphoric acid project.

Russian Deputy Prime Minister Novak: Tax proposals have been put forward.