The US November EIA Short-Term Outlook for US crude oil production is 13.87 million barrels per day, unchanged from the previous month.

Kuaike Intelligent said at its 3Q26 results briefing that rising demand in semiconductors, optical communications and data centers lifted contract liabilities in 3Q26 both YoY and QoQ and left an ample order backlog. The The company will prioritize equipment for semiconductor packaging and optical-communications/data-center applications; its TCB machines are undergoing process debugging and validation with multiple clients and are expected to gradually contribute revenue in 2027. Kuaike has also joined Apple projects for an AI glasses product and a new smart earphone, which is expected to support precision welding/assembly and machine-vision inspection businesses.

Key News 1. The "Nebula Constellation Project" was launched, accelerating the deployment of my country's space computing network. 2. The Ministry of Commerce announced a two-month suspension of countermeasures against five US subsidiaries of Hanwha Marine Corp. 3. Trump stated he would discuss the US-Iran conflict and denuclearization with the leaders of China and Russia at APEC; the Ministry of Foreign Affairs responded. Stock News 1. Tianbang Foods: Signed a restructuring investment agreement with Tongwei Group, with a total investment of 1.441 billion yuan. 2. Dongfang New Energy (two consecutive daily limit-up): Signed a 912 million yuan computing power board procurement contract. 3. Shanghai Electric Group: Plans to repurchase some of its A-shares for 500 million to 1 billion yuan. 4. Jinan Guoji: Plans to invest 500 million yuan to build a new project with an annual production capacity of 130 million meters of electronic-grade fiberglass cloth. 5. Hongda Electronics: Plans to raise no more than 1 billion yuan through private placement to invest in a tantalum capacitor and ceramic thin-film circuit project. 6. Zhangyuan Tungsten: Adjusted prices for cemented carbide products due to rising tungsten raw material prices. 7. Huaru Technology: Banned from participating in the procurement of materials and engineering services for the entire military for 5 years. 8. Qingyi Optoelectronics: Its subsidiary plans to invest no more than 1.5 billion yuan in the third phase of a high-end semiconductor photomask production base project. 9. Jucan Optoelectronics: Plans to raise no more than 1.5 billion yuan through a private placement for expansion and upgrade projects of red and yellow light epitaxial wafers and chips. 10. BeiGene: Net profit for the first three quarters of 2026 increased by 432% year-on-year, and Q3 net profit increased by 67% quarter-on-quarter. 11. Cambridge Technology responds: Rumors of order cancellations are untrue; demand for high-speed optical modules is strong and preparations for mass delivery are underway. 12. Rongchang Bio: Signed a global exclusive licensing agreement for pan-RAS(ON) small molecule inhibitors, and will pay an initial payment of 50 million yuan and a maximum milestone payment of 4.87 billion yuan.