Hua'an Securities: On the supply side, focus on commodities subject to stringent constraints; on the demand side, identify high‑growth drivers in emerging applications—these constitute the two main investment themes.

The firm recommends focusing on two investment themes with high certainty: on the supply side, prioritize sectors subject to stringent constraints; on the demand side, identify emerging applications driven by strong growth momentum.

Zhitong FinanceJun 23 22:33 ET

Computing power hardware and materials continue to strengthen, and short-term divergence in the technology sector may gradually widen.

Track the entire lifecycle of the mainline sector.

cls.cnJun 16 21:17 ET

Rising raw-material prices are driving a continued tightening of the global tungsten hexafluoride supply, with new production capacity unlikely to come online in the short term.

① Xiamen Tungsten reported that in June 2025, the market price of 65%-grade black tungsten concentrate was only around RMB 170,000 per metric ton, compared to a peak above RMB 1 million per metric ton in March this year. Although prices subsequently retreated to the RMB 460,000–470,000 per metric ton range, they remained within a period of abnormal market conditions; ② Domestic leading suppliers including CSSC Specialty Gases, Zhongju Chip Materials, and Heyuan Gas have recently adjusted their tungsten hexafluoride selling prices to varying degrees.

cls.cnJun 11 21:13 ET

STAR Market Evening News | Suiyuan Technology's STAR Market IPO to be reviewed on June 15; Orbbec: Does not directly engage in the development of physical AI.

① Zhongjuxin: At present, it has not yet entered into any new legally binding long-term or large‑scale substantive order agreements for high-purity tungsten hexafluoride. ② Suochen Technology: Its physics‑AI business remains in the early stages of development. ③ The controlling shareholder of Novozymes plans to increase its holdings of the company's shares by RMB 115 million to RMB 225 million.

cls.cnJun 8 09:09 ET

Hard Tech Investment Spotlight | Tencent co‑invests in Juewei's $2.5 billion funding round; Cerebras completes the largest AI chip IPO in history.

① Guangzhou: Supports the research, development, and launch of promising, blockbuster smart hardware products; ② Guoyi Quantum's IPO on the STAR Market has been approved; ③ Biwin Storage plans to provide foundry services for optoelectronic interconnect products for Haiguang Xinzhen.

cls.cnMay 15 19:49 ET

The ChiNext Index fell by more than 1%, while the fluorine chemical industry strengthened. The semiconductor sector dropped, with Heng Technology declining by over 1% and Huahong Semiconductor plunging significantly.

The three major indices of the A-share market collectively turned green, with the STAR 50 Index's decline widening to 2%, and the ChiNext Index falling by more than 1%. The fluorine chemical sector surged ahead strongly, driven by expectations of a significant increase in electronic-grade hydrofluoric acid prices in South Korea during June and July, acting as a core catalyst. CPO and short-form gaming stocks experienced an intraday rally. Power stocks suffered heavy losses, with several stocks nearing the daily limit-down. In Hong Kong, Huahong Semiconductor's stock price went on a roller-coaster ride following its earnings report, while Bilibili fell more than 4%.

wallstreetcnMay 14 21:54 ET