CENC's automatic preliminary determination: an earthquake of about magnitude 4.9 struck near Changning County, Yibin, Sichuan at 08:26 on Aug 24; final parameters subject to the official bulletin.

【國債期貨早盤開盤】2年期國債期貨（TS）主力合約跌0.01%，5年期國債期貨（TF）主力合約跌0.01%，10年期國債期貨（T）主力合約跌0.02%，30年期國債期貨（TL）主力合約漲0.03%。

Goldman Sachs says as humanoid robots move from technical validation to commercialization, supply‑chain investment is entering a phase of differentiation; investors should prioritise actual mass‑production progress, profitability and current valuation rather than blanket bullishness. The bank maintains Buy on Inovance Technology, Sanhua Intelligent Controls (H shares) and Shuanghuan Transmission; Neutral on Lvde Harmonic, Sanhua Intelligent Controls (A shares), Lingyun Optoelectronics and Beisite; and Sell on Mingzhi Electric. Goldman prefers firms with established core businesses that already support profits and can capture incremental robot demand, and is cautious on names whose valuations already price significant humanoid‑robot growth or that face technical‑route and margin uncertainty. Industry upside remains large, but markets are shifting focus to who can genuinely mass‑produce and deliver profits. (Goldman Sachs report, Aug. 23)