A-share Daily Market News Review (2025-02-13)

Mini Program: A-share Daily Market News Review

Important News

1. Joseph Tsai Confirms Alibaba's Cooperation with Apple

At the World Governments Summit 2025 held in Dubai, UAE, Alibaba co-founder and chairman Joseph Tsai responded to rumors of cooperation between Alibaba and Apple, stating that Apple needs a localized partner in China for their mobile services. Apple has always been very selective and has talked to multiple companies in China. Ultimately, they chose to do business with us. We are very fortunate and honored to do business with such a great company as Apple. (Yicai)

2. High-priced Stocks Retreat in A-shares, Spring Offensive Has Begun, Market May Rotate Upward

The biggest change in the market today is the retreat of high-priced stocks. This morning, the first risk point appeared. Recently overheated high-priced stocks experienced a collective decline. Megvii Technology, Zhaowei Electromechanical, and Zhejiang Shuju Culture hit the daily limit down, while Qingyun Technology, Hand Information, and Chuangye Heima fell over 10% at one point. Analysts believe that the impact of reduction on stock prices may be significant. However, it should also be noted that the spring offensive has begun, and the market may rotate upward. This morning, after the retreat of high-priced stocks, large-cap blue-chip stocks maintained a certain vitality. The Shanghai 50 ETF performed significantly better than the CSI 1000 and the Guozheng 2000. The performance of A50 and Hong Kong stocks was also significantly stronger than that of A-share small-cap stocks. Additionally, while the artificial intelligence sector retreated, solid-state batteries showed improvement, and the switching of sectors and hotspots was relatively smooth. Overall, the market remains in a relatively healthy state. (Securities China)

3. OpenAI CEO Sam Altman: Worries About Being Surpassed Every Day, Plans to Meet with DeepSeek Leadership

In a program aired on February 11, local time, OpenAI CEO Sam Altman stated, "There is pressure every day to prevent OpenAI from being surpassed. I plan to meet with the leadership of DeepSeek." (The Paper)

4. Shanghai Releases a Package of Policy Measures to Promote Continuous Economic Recovery

According to the Shanghai Municipal Development and Reform Commission, to fully promote a good start for Shanghai's economy in the first quarter and to consolidate the momentum of continuous economic recovery, Shanghai has formulated a series of incremental policies based on continuing and optimizing existing policies. The policy measures mainly include eight aspects: first, making good use of fiscal and financial policies. Second, focusing on stimulating potential consumption. Third, focusing on expanding effective investment. Fourth, promoting stable and quality foreign trade and foreign investment. Fifth, supporting the reform and innovation of the service industry. Sixth, promoting innovation and upgrading in key industries. Seventh, supporting the healthy development of business entities. Eighth, solidly ensuring and improving people's livelihoods.

5. Supreme People's Procuratorate: Key Crackdown on Illegal Activities Such as Tax Fraud and Tax Evasion Using "Shell Companies" The Director of the Economic Crime Prosecution Department of the Supreme People's Procuratorate, Du Xueyi, revealed during a visit to the Supreme Procuratorate's director interview event on February 13 that from January to November 2024, national procuratorial organs prosecuted a total of 5,064 cases of tax-related crimes involving 10,974 individuals, representing year-on-year increases of 29.6% and 38.1%, respectively. Du Xueyi stated that currently, the task of combating tax-related crimes remains heavy, facing many new situations and challenges. Tax-related crimes exhibit characteristics of scale and chain, with criminal methods continuously evolving. New business formats and industry-specific tax violations are prominent. There are clear signs of professionalization in crime. Major industry-specific and regional cases, as well as professional criminal gang cases, are frequent. Various charges such as issuing false invoices, tax fraud, false foreign exchange settlement, money laundering, and smuggling are intertwined, further increasing the difficulty of combating these crimes. Du Xueyi pointed out that procuratorial organs will continue to strengthen efforts to combat tax-related crimes, further highlighting key areas of focus. They will concentrate on key sectors, particularly targeting illegal activities such as issuing false invoices, tax evasion, fraud, and subsidy fraud carried out under the guise of "shell companies," "front companies," and in the name of new business formats, new technologies, and platform economies. They will further unify law enforcement and judicial standards.

6. Shanghai: Continuation of the free application policy for new energy vehicle license quotas until the end of 2025

According to a news briefing held on February 13 regarding the policies and measures to promote the sustained recovery of the economy in Shanghai by 2025, Shanghai will intensify efforts to implement a trade-in program for consumer goods, promote the quality and expansion of service consumption, and attract external consumption through the integration of cultural, tourism, commerce, and sports exhibitions. In terms of trade-ins, in accordance with national deployment, Shanghai will expand the scope of subsidies for consumer goods trade-ins from 8 categories to 15 categories, including digital products and home appliances, and increase the funding scale. At the same time, the new round of automobile trade-in subsidy policies from the national and Shanghai municipal governments will be fully implemented, and the free application policy for new energy vehicle license quotas will be extended until the end of 2025, vigorously promoting automobile renewal consumption. (Shanghai Securities Journal)

Individual Stock News

1. Data on the flow of main funds shows that Sichuan Changhong had a net inflow of 1.49 billion yuan, ranking first, followed by Ningde Times, Tianfeng Securities, Yuxin Technology, and UFIDA with significant net inflows; ZTE Corporation had a net outflow of 2.502 billion yuan, ranking first, with Changshan Beiming, Tuo Wei Information, Shanghai Electric, and Zhejiang Dongfang experiencing significant net outflows.

2. Sichuan Changhong: Its AI TV officially connects to DeepSeek

Sichuan Changhong announced that its AI TV has officially connected to DeepSeek, supporting seamless switching between the "Deep Thinking (Full Blood R1)" and "Quick Response" versions, which means that the industry's first AI TV capable of deep thinking has been fully launched. Currently, the upgrade work for Changhong TV user terminals has been completed, and all Changhong AI TVs equipped with the Canghai intelligent body have officially connected to DeepSeek, allowing users to use DeepSeek without complex operational steps. In addition, the industrial internet "dual-cross" platform under Changhong Holding Group has also simultaneously connected to DeepSeek 3. Expected to become Apple's foldable screen glass supplier? Lens Technology responds: Inconvenient to comment due to confidentiality agreements

Recently, there have been reports that Lens Technology is expected to become a supplier of foldable screen glass for Apple. In response, a representative from Lens Technology's investor relations department stated, "Regarding unreleased product information from clients, it is inconvenient for the company to comment due to confidentiality agreements. We recommend continuously following the company's announcements and platforms like Interactive Easy." (Sina) Today, there are reports that Lens Technology is expected to become a supplier of foldable screen glass for Apple. In response, a representative from Lens Technology's investor relations department stated, "Regarding unreleased product information from clients, it is inconvenient for the company to comment due to confidentiality agreements. We recommend continuously following the company's announcements and platforms like Interactive Easy." (Sina)

4. Tianyi Ma: The company is applying large models for document report generation in some grid platform upgrade projects

Tianyi Ma stated on the interactive platform that AI technology has been widely applied in the company's comprehensive solutions or products across multiple fields. Traditional AI applications include NLP natural language processing, image recognition, speech recognition, and facial recognition. The company is applying large models for document report generation in some grid platform upgrade projects. In terms of smart transportation, the company can use AI technology to achieve functions such as cross-border alarms, behavior trajectory tracking, real-time vehicle statistics, personnel entry and exit control and statistics, and vehicle blacklist databases.

5. Ruikeda Chairman Wu Shijun: AEC products will begin testing this year, expanding into emerging fields such as humanoid robots

Recently, Ruikeda Chairman Wu Shijun stated that the company's products are achieving a combination iteration from passive to active. Currently, AEC products have been communicated and tested with most leading clients and will begin testing this year. The company expects its performance to maintain a good trend of rapid growth in 2025. Production capacity is operating at full capacity, with a production capacity that can achieve approximately 3 billion yuan in output value. Additionally, the company is expanding into emerging fields such as low-altitude economy and humanoid robots.

6. BGI JiuTian: AI technology plays an important role in the development of EDA, and the company has applied AI technology to existing products

BGI JiuTian stated on the investor interactive platform that AI technology plays an important role in the development of EDA, and the company has applied AI technology to existing products. The company will continue to pay attention to domestic and international industry development trends, actively seize corresponding market opportunities, and achieve steady development