Top Sports (06110.HK): For the six months ended August 31, 2025, the profit attributable to equity holders of the Company was RMB 789 million, compared with RMB 874 million in the same period last year.

Domestic News 1. Shenzhen: Strives to exceed 20 trillion yuan in total market capitalization for domestic and overseas listed companies by the end of 2027. 2. According to 21 Finance: The draft rules for benchmark comparisons of mutual funds will be released for public comment soon. 3. The EU said it will hold talks with China to discuss rare earth export controls. The Ministry of Foreign Affairs responded: We insist on properly resolving trade differences through dialogue and consultation. 4. Trump said China and the US will reach a trade agreement at the APEC summit, but the two heads of state may not meet. The Ministry of Foreign Affairs responded: There is no information to provide at this time. International News 1. The Russian Federation Council approved the abolition of the intergovernmental plutonium disposal agreement between Russia and the US. 2. US Energy Secretary Wright: Oil prices are very low, and now is a good time to buy. 3. The Federal Reserve's new framework "loosens" Wall Street, significantly easing capital requirements for large banks. 4. According to AXIOS: Meta Platforms will cut hundreds of positions from its AI department. 5. Sources: Japan's newly appointed Prime Minister Sanae Takaichi is drafting a basket of purchase plans to curry favor with Trump. 6. National Stock Exchange of India: Starting October 23, an additional margin of 1.00% will be imposed on all gold futures contracts. 7. Market News: Google unveiled its latest breakthrough in quantum computing, the "Willow" chip, with the research results published in the journal Nature. 8. The EIA Strategic Petroleum Reserve (SPR) inventory for the week ending October 17 was the highest since the week ending October 7, 2022; the increase was the largest since the week ending May 23, 2025, marking the 13th consecutive week of increases.

Deutsche Bank: Lowered its target price for Lockheed Martin (LMT.N) from $519 to $517.