Zhitong Hong Kong Stock Early Knowledge | Traders bet that the probability of the Federal Reserve raising interest rates this year exceeds 50%, Micron once again raises its investment plan in the United States

【Today's Headlines】

The State Council Issues the "14th Five-Year" Carbon Peak Action Plan

The State Council has issued the "14th Five-Year" Carbon Peak Action Plan, deploying five key tasks. The action plan proposes to support the local consumption of renewable energy, actively develop green electricity direct connection, and promote the integration of source, grid, load, and storage. By 2030, the installed capacity of pumped storage will reach about 160 million kilowatts, the installed capacity of new energy storage will strive to reach 300 million kilowatts, the maximum adjustment capacity of virtual power plants nationwide will exceed 50 million kilowatts, and the demand response capability will reach more than 5% of the maximum electricity load.

The action plan also deploys key projects such as inter-provincial power mutual assistance, clean substitution of coal consumption, energy conservation and carbon reduction in key industries, low-carbon and zero-carbon heating and cooling, green lighting, zero-carbon transportation corridors, and enhancing the foundational capabilities for carbon peak and carbon neutrality.

【Market Outlook】

U.S. Stock Indices Rise, Sandisk Up Over 7%

Overnight, U.S. stocks closed with the Dow Jones Industrial Average rising 139.02 points from the previous trading day, closing at 52,487.41 points, an increase of 0.27%; the S&P 500 index rose 60.93 points, closing at 7,543.64 points, an increase of 0.81%; the Nasdaq Composite Index rose 336.24 points, closing at 26,206.89 points, an increase of 1.3%.

Most large tech stocks rose, with Meta up over 4%, Broadcom and Tesla up over 3%. The semiconductor and storage sectors led the gains, with Sandisk up over 7% and Western Digital up over 5%. The precious metals sector mostly rose, with Americas Silver Corporation up nearly 6%.

The Nasdaq Golden Dragon China Index closed up 0.56%, with most popular Chinese concept stocks rising, iQIYI up over 8%, Alibaba up nearly 2%. The Hang Seng Index ADR rose, closing at 24,189.41 points, up 159.23 points or 0.66% compared to the Hong Kong close.

WTI crude oil futures for the current month fell by $1.71, closing at $71.81 per barrel, a decrease of 2.33%. COMEX gold futures for the current month rose by $50.20, an increase of 1.23%, closing at $4,132.6 per ounce.

【Hot Topics Ahead】

Market Predicts "Hawkish" Stance, Traders Bet on Over 50% Chance of Rate Hike This Year

According to Zhitong Finance APP, despite significant internal disagreements within the Federal Reserve regarding the future interest rate path, market traders overall still lean towards the belief that the Federal Reserve may further raise interest rates this year. As of now, traders estimate the probability of a rate hike by the Federal Reserve before the end of this year to be about 54%, slightly down from the previous day's 56%. Meanwhile, the market expects the probability of a rate hike by the Federal Reserve before July 2027 to be about 62%, and the probability of a rate hike before 2028 to be nearly 80%.

Apple is Very Interested! U.S. Startup Compresses Alibaba's 27 Billion Parameter Model to Fit on iPhone

For Apple, which insists on the "edge AI" route, the latest achievement of a startup may soon unlock the ceiling of "AI intelligence" on the iPhone. Recent reports indicate that U.S. startup PrismML has successfully compressed Alibaba's open-source large language model Qwen 3.6, which has 27 billion parameters, allowing it to run on the iPhone 17 Pro The company revealed that the "compression model" developed for the iPhone is capable of performing complex conversations, reasoning, fully autonomous intelligent tasks, and software programming. This open-source model will be available for download starting next Tuesday.

Micron Technology Raises U.S. Investment Plan Again, Plans to Invest $250 Billion by 2035

On Thursday (July 9), local time, storage chip giant Micron Technology announced that the company plans to invest over $250 billion in the U.S. by 2035. This move aims to meet the unprecedented demand for storage chips brought about by the rapid expansion of artificial intelligence (AI) infrastructure. Boosted by this news, Micron's stock price surged 9% in early trading on Thursday.

Unmanned Systems Technology (01511) Recently Won a Bid for 7 Unmanned Vehicle Orders at Xinjiang Airport

According to Zhitong Finance APP, Unmanned Systems Technology (01511) announced that the company has recently won a bid for 7 unmanned vehicle orders from Xinjiang Airport (Group) Co., Ltd. So far, the company has deployed over 70 unmanned vehicles at Urumqi Tianshan International Airport, making it the largest unmanned ground vehicle fleet operating at an airport in mainland China.

Dongyue Group (00189) Issues Earnings Upgrade, Expects Over 31% Year-on-Year Growth in Net Profit Attributable to Shareholders for the First Half of the Year

Dongyue Group (00189) announced that the board expects the net profit attributable to shareholders for the six months ending June 30, 2026, to potentially exceed a growth of 31% compared to the six months ending June 30, 2025. The board believes that this profit growth is mainly due to price increases of several products compared to the same period last year.

Ruipu Lanjun (00666) Expects Mid-term Net Profit of Approximately 700 Million to 850 Million Yuan, Turning Profit Compared to Last Year

The board believes that the main reasons for the performance changes during this reporting period are: an increase in battery product shipments, driving steady revenue growth; and economies of scale and continuous cost reduction and efficiency improvement measures leading to an increase in gross profit.

Zijin Mining (02899) Expects Semi-annual Net Profit Attributable to Shareholders of Approximately $1.4 Billion, an Increase of About 169% Year-on-Year

The main reasons for the performance increase this period are: an increase in gold production, with gold production during the reporting period increasing to approximately 27 tons (compared to approximately 19 tons in the first half of 2025, excluding Bogala gold mine production); favorable market conditions and acquisition factors, with gold sales prices rising year-on-year during the reporting period, along with the profitability of two operating gold mining projects, the Ghana Akim Gold Mine and the Kazakhstan Ruigold Gold Mine, which completed delivery in April and October 2025, respectively, positively impacting the group's performance.

Zijin Gold International (02259) Expects Mid-term Profit Attributable to Shareholders of Approximately $1.4 Billion, an Increase of About 169% Year-on-Year

The main reasons for the performance increase are: (1) an increase in gold production, with gold production during the reporting period increasing to approximately 27 tons (compared to approximately 19 tons in the first half of 2025, excluding Bogala gold mine production). (2) Favorable market conditions and acquisition factors, with gold sales prices rising year-on-year during the reporting period, along with the profitability of two operating gold mining projects, the Ghana Akim Gold Mine and the Kazakhstan Ruigold Gold Mine, which completed delivery in April and October 2025, respectively, positively impacting the group's performance TCL Electronics (01070) Issues Earnings Upgrade, Expected Net Profit Attributable to Shareholders for the First Half of 2026 to be Approximately HKD 1.48 Billion to 1.65 Billion, Year-on-Year Growth of Approximately 40% to 56%

The main reasons for the significant growth in adjusted net profit attributable to shareholders are as follows: (i) the Group further promotes the implementation of its "globalization" and "mid-to-high-end" strategies, achieving quality growth in global business with a noticeable improvement in gross profit; and (ii) overall profitability steadily enhances, with the TV business maintaining a global leading position and continuous improvement in product structure, further enhancing the monetization capability of high-margin internet business, and improving profitability in the small and medium-sized display business.

GigaDevice Semiconductor (03986) Issues Earnings Forecast, Expected Net Profit for the Half-Year to be 6.9 Billion Yuan, Year-on-Year Growth of 1099%

According to Zhitong Finance APP, GigaDevice Semiconductor announced that it expects to achieve a net profit attributable to shareholders of approximately 6.9 billion Yuan for the first half of 2026, an increase of approximately 6.325 billion Yuan compared to the same period last year, representing a year-on-year growth of about 1099%. The net profit excluding non-recurring items is expected to be around 4.85 billion Yuan, a year-on-year increase of approximately 791%.

Daheng CNC (03200) Expects Net Profit Attributable to Shareholders for the First Half to Increase by 241.85%–279.84% Year-on-Year

According to Zhitong Finance APP, Daheng CNC (03200) announced that it expects to achieve a net profit attributable to shareholders of approximately 900 million to 1 billion Yuan from January 1, 2026, to June 30, 2026, an increase of 241.85%–279.84% compared to the same period last year. Currently, the large-scale deployment of computing infrastructure such as AI servers and high-speed network switches provides momentum for structural growth in the PCB industry. The company seizes investment opportunities brought by the expansion of leading industry customers and new product development, significantly increasing the revenue share of AI PCB-related solutions, which are applied to high-precision back-drilling solutions that ensure the integrity of next-generation high-frequency and high-speed PCB signals and power, high-level and mSAP process HDI drilling solutions, and high-precision molding solutions, among other high-value-added products, promoting further optimization of the company's revenue structure, with mid-year operating revenue expected to grow by over 100% year-on-year.

New Stock Dark Market | Jinghe Integrated (02249) Dark Market Rises Nearly 12%, Profit of HKD 380 per Lot

Jinghe Integrated (02249) will be listed in Hong Kong on July 10 (Friday). As of the close, dark market trading showed a price of HKD 36.1, an increase of 11.76% from the offering price of HKD 32.3, with a profit of HKD 380 per lot of 100 shares, excluding fees.

New Stock Dark Market | Binhua Co., Ltd. (06745) Dark Market Falls 21.26%, Loss of HKD 740 per Lot

Binhua Co., Ltd. (06745) will be listed in Hong Kong on July 10 (Friday). As of the close, dark market trading showed a price of HKD 2.74, a decrease of 21.26% from the offering price of HKD 3.48, with a loss of HKD 740 per lot of 1000 shares, excluding fees.

【Stock Highlights】 Jinan Machine Tool China (01651): Key Beneficiary of AI Infrastructure Investment

The financial report disclosed by Jinan China shows that in the fiscal year 2026, the company achieved revenue of 5.184 billion yuan, a year-on-year increase of 21.6%; net profit attributable to the parent company was 1.094 billion yuan, a significant year-on-year increase of 39.9%, with both revenue and profit setting historical records. Notably, the profit growth rate significantly outpaced the revenue growth rate.

The company's external thread grinding machine has received approval from Jinan Japan and will be used for the production of core components for humanoid robots in the future. Currently, several of the company's devices can be used to process key core components of humanoid robots, such as planetary roller screws, harmonic reducers, and planetary reducers. The humanoid robot industry is still in the exploratory research and development stage, and the company is waiting for market-scale demand.

In 2025, the company began to undertake a significant number of AI liquid cooling connector orders, and in 2026, it started to receive a large number of orders for AI optical modules' ROSA and TOSA. As the precision requirements for optical modules continue to rise, the company's advantages in heart machines are becoming increasingly apparent, and the company is gaining more market share in this field. The future complexity of liquid cooling connectors will also lead to an increasing demand for the quantity of machine tool products, and AIDC will continue to be a driving force for the company's performance growth.

Daiwa released a research report stating that Jinan Machine Tool is one of the key beneficiaries of AI infrastructure investment. The demand for AI liquid cooling quick-disconnect connectors remains strong, and management indicated that orders for the fiscal year 2026 have reached approximately 1,000 units, with expectations to double in the fiscal year 2027, primarily driven by Nvidia's GB300-related deployments