帽子哥聊财经A

#aStocks##stocks# The three major A-share indices showed mixed performance today. By the close, the Shanghai Composite Index was up 0.16%, the Shenzhen Component Index rose 0.37%, while the ChiNext Index fell 0.52%, and the Beizheng 50 dropped 0.64%. In terms of sectors, pet copper foil, semiconductors, electronic chemicals, PCB concepts, duty-free shops, retail, CPO, and consumer electronics led the gains; meanwhile, liquor, small metals, precious metals, photovoltaic equipment, pork, fertilizers, and the China Shipbuilding sector experienced notable declines.
The total market turnover reached 26,048 billion yuan, a decrease of 528 billion yuan from the previous day's volume, with over 3,200 stocks across the market closing in the green.

[China's Ministry of Industry and Information Technology officially kicks off DeepSeek V4 localization adaptation testing]
That's how it should be done! We need to ramp up efforts and collaborate seamlessly across the supply chain, rather than having just a few pushing hard. With the outside world putting pressure on us, we can't afford to hide away; the time to act is now!
According to the China Academy of Information and Communications Technology, to promote the deep adaptation of DeepSeek V4 with domestic hardware and software, and accelerate technological synergy and industry application rollout, the academy has teamed up with the AI hardware and software collaborative innovation and adaptation verification center to officially launch the DeepSeek V4 localization adaptation testing work. This adaptation testing leverages AI large models and is supported by the Ministry's key laboratory for hardware and software evaluation, as well as the AISHPerf (Performance Benchmarks of Artificial Intelligence Software and Hardware) benchmarking system and testing tools, targeting AI hardware and software products and systems including chips, servers, all-in-one machines, clusters, development frameworks and toolchains, and intelligent computing facilities and platforms.

The labor dispute at Samsung has started to impact production.
According to a report by Reuters on April 24, the Samsung Electronics union stated that due to employees participating in protests and missing night shifts, the wafer foundry chip output at Samsung's Korean factory dropped by 58% that night, while storage chip production fell by 18%.
The National Union of Samsung Electronics Workers (NSEU) has announced that if negotiations do not reach a consensus, they will initiate an 18-day strike from May 21 to June 7.
The union estimates that if the strike actually happens, it could cost Samsung Electronics 18 trillion won. This could also become the longest strike in Samsung Electronics' 57-year history.

Samsung Electronics' Q1 2026 operating profit has already surpassed the full-year operating profit of 43.6 trillion won for 2025.
However, in stark contrast to this record performance, internal sentiment is deteriorating. Just this year, hundreds of chip engineers from Samsung's high-bandwidth memory (HBM) division have left;
meanwhile, tens of thousands of current employees are threatening to strike.
On April 23, over 30,000 Samsung Electronics employees took to the streets to protest, roughly equivalent to a quarter of Samsung's total workforce in Korea.
For a company that hasn't typically seen public labor disputes, this is a rare outbreak of large-scale collective discontent.

Hong Kong stocks closed for lunch, with the Hang Seng Index up 0.15% and the Hang Seng Tech Index up 1.31%.

#aStocks##Equities# The three major A-share indexes opened mixed. By lunchtime, the Shanghai Composite was up 0.15%, the Shenzhen Component rose by 0.52%, while the ChiNext fell 0.2%, and the North Exchange 50 dropped 0.76%. In terms of sectors, electronic chemicals, pet copper foil, semiconductors, PCB concepts, AI phones, CPO, optical fiber concepts, duty-free shops, gaming, and coal mining and processing were the top gainers; while liquor, grain concepts, military equipment, pork, tourism and hospitality, diversified finance, and photovoltaic equipment saw the biggest declines.
The total market turnover was 17,108 billion yuan, down 29.4 billion from the previous day, with over 2,500 stocks in the green.

#Oriental Selection Rejects the Second Dong Yuhui# What’s the Real Relationship Between Platforms and Individuals? To be honest, in most cases, the platform outweighs the individual, but the individual often doesn’t feel that way. This is also a primary reason why I usually don’t invest in high-profile industries; the uncertainty is just too high. Company profits are too reliant on individuals. What industries fall into the spotlight? Do you know? Just think about the news from the weekend regarding Huayi Brothers going bankrupt.

#AStocks##Stocks# The semiconductor sector, especially semiconductor equipment and storage, is really holding strong. Remember when Google dropped some new tech and freaked out the market? Rumors even spread that storage prices in Huaqiangbei were dropping. But let me tell you straight up, that’s just FUD; it’s not going to have any real impact. It’s purely a ghost story meant to scare folks who’ve been riding the wave too high. And don’t forget, there’s a Samsung strike coming in May, so no need to panic. That’s why when we see dips, we’re all in buy mode. Sure enough, we hit new all-time highs again. Haha!

Washington Freezes $344 Million in Crypto Linked to Iran
Bessent, Friday, announced on X channel that the US government will freeze cryptocurrency worth $344 million tied to "multiple funds associated with Iran."
Crypto says freeze is a freeze, but what happened to decentralization? How is this getting frozen?

Semiconductors, oh semiconductors, you're just too good to be true, haha
Thanks to my vision and patience.

Trump: The US will no longer send delegations to Pakistan and Iran for negotiations

#AStocks##Equities# The A-share earnings season is diving into the final intense disclosure window, and all sorts of market players are starting to show up. Over the weekend, several companies dropped bombs, leaving hundreds of thousands of shareholders completely stunned.
Specifically, this includes:
Hei Zhima: Suspected of violating information disclosure laws, chairman under investigation;
Shenma Co.: Suspected of violating information disclosure laws, company under investigation;
Xilinmen: 2025 financial report internal controls received a negative audit opinion, ST on the watchlist;
Baili Technology: 2025 financial report audited with a report on significant uncertainty regarding continued operations, ST on the watchlist;
Liu Hua Co./China High-Tech/Dongzhu Ecology: Triggered financial delisting scenarios, i.e., annual losses, while excluding non-recurring income below 300 million, *ST on the watchlist…

#a股##股票# Recently, potential risk events in the A-shares and overseas markets include:
Domestic economic information includes:
1) The Ministry of Finance released data showing that revenue from state-owned land use rights transfer in Q1 was 517.6 billion yuan, a year-on-year decrease of 24.4%;
2) The Central Committee and the State Council urge internet platform companies and courier companies to reasonably determine labor compensation for new employment groups based on work tasks and intensity, ensuring timely and full payment;
Key corporate highlights include:
1) China High-Tech has encountered financial delisting situations, and starting April 28, the stock will be subject to delisting risk warning, changing its name to “*ST高科”;
2) The accounting firm issued a negative opinion on Xilinmen's internal control for the 2025 financial report, and starting April 28, the stock will be subject to other risk warnings, changing its name to “ST喜临门”;
Key overseas market highlights include:
1) The Iranian Vice President stated that Mujtabah ordered that the Strait of Hormuz must not return to its pre-war state;
2) Trump canceled the U.S. representatives' trip to Pakistan.

From January to March, large-scale industrial firms nationwide made a total profit of 16,960.4 billion yuan, showing a year-on-year increase of 15.5%. During this period, state-owned enterprises achieved a total profit of 6,196.1 billion yuan, up 10.1%; joint-stock enterprises raked in 13,054.6 billion yuan, a rise of 20.9%; foreign and Hong Kong, Macau, and Taiwan-invested enterprises reported profits of 3,837.3 billion yuan, growing by 1.2%; and private enterprises earned 4,305.3 billion yuan, up 25.4%. In the mining sector, profits reached 2,563.3 billion yuan, reflecting a year-on-year increase of 16.2%; manufacturing saw profits of 12,384.3 billion yuan, up 19.1%; while the electricity, heat, gas, and water production and supply sector experienced a profit decline to 2,012.8 billion yuan, down 3.2%. (National Bureau of Statistics)

Intel's earnings report beats expectations, driving a reassessment of CPU demand
Intel released its Q1 2026 report, showing revenue of $13.6 billion, a year-over-year increase of over 7%, with net profit soaring 156%, significantly surpassing projections. Intel's stock closed up 23.6% last Friday. The company noted that under the AI wave, particularly in inference and edge computing, there's a strong reassessment and growth in CPU demand. The CPU to GPU ratio in AI data centers is undergoing a fundamental shift, tightening from 1:8 in the past to about 1:4, and is expected to reach 1:1 or even higher in the future. The company anticipates that both the industry and Intel will achieve double-digit shipment growth in 2026, and the price hikes for CPUs in Q2 are already anticipated, with another round of 5-10% increases expected by the end of Q3.

Helium supply is tight, prices are skyrocketing
Russia has implemented temporary export controls on helium until the end of 2027. Previously, Qatar's helium supply was cut off due to the war. Together, Qatar and Russia account for over 50% of the world's helium sources, creating unprecedented tightness in helium supply, and global helium prices may accelerate significantly. Major domestic helium producers have long-term contracts for Russian helium, positioning them to benefit greatly from the price surge.

#aStocks##Stocks# Today's market safety net, keep an eye on this lengthy risk monitor.

#aStocks##Equities# Hong Kong stocks are opening up, with the Hang Seng Index slightly dipping at the start, while the Hang Seng Tech Index is up 0.56%; gold, precious metals, and AI-related stocks are showing strength in the early session.

#AStocks##Stocks# Futures market kicks off this morning, with most domestic futures contracts in the red. In terms of losses, polysilicon is down over 4%, and live hogs are down more than 1%. On the flip side, Shanghai nickel, lithium carbonate, stainless steel, and aluminum oxide are up more than 2%, while fuel is up over 1%.

美伊周末最新状况：
1）伊朗副议长表示，穆杰塔巴下令霍尔木兹海峡不得恢复战前状态；
2）特朗普取消美方代表赴巴基斯坦行程。