Automatically crawled from Tonghuashun and Eastmoney by cron at 08:00 Beijing time daily, with summaries rewritten by Doubao. For information compilation only, does not constitute investment advice.

Tonghuashun 7/24

Shenzhen Opens Over 12,600 km of Roads for Autonomous Vehicles, Leads Nationwide in Vehicle Stock and Operation Density

2026/7/13 10:57:34

As of June 30, 2026, Shenzhen, China’s benchmark city for large-scale commercial application of functional autonomous vehicles, has completed the critical leap from “thousand-unit pilot” to “city-level mature transport capacity”: the city has opened over 12,600 km of roads for autonomous vehicles, with 1,300 registered regular on-road vehicles and 2,713 operating routes. Core indicators such as vehicle stock and operation density all rank first nationwide. (Source: People’s Finance News)

Omdia: Component Costs Continue to Rise, Polarization of Smartphone Storage Configurations Intensifies

2026/7/13 10:56:27

Latest analysis from research firm Omdia shows that affected by the continuous rise in costs of components including storage, smartphone manufacturers are generally scaling back entry-level product lines and increasing investment in mid-to-high-end model layouts: high-end flagship devices improve storage configurations to support product performance and pricing, while entry-level models reduce storage configurations. This differentiated strategy will further intensify the polarization of storage configurations in this year’s smartphone market.

US Military Says It Struck Dozens of Iranian Targets, Used Maritime Unmanned Vessels for First Time

2026/7/13 10:53:27

On the 12th, US Central Command announced it had completed a new round of strikes against Iran. The operation used precision-guided munitions to hit dozens of military targets inside Iran, covering air defense systems, coastal radar stations, missile and drone facilities, and small vessels. In addition to fighter jets, naval ships, and attack drones, this is the first time the US military has deployed one-way attack maritime unmanned vessels to participate in combat, per Xinhua News Agency.

Seres Hits Intraday Limit Down

2026/7/13 10:52:28

In this trading session, A-share listed automaker Seres saw its stock price hit the intraday limit down, with the latest quoted price at 53.92 yuan per share. As a core vehicle maker in deep cooperation with Huawei, Seres’ stock price has previously seen large fluctuations affected by factors including sales of the AITO series models and market trends of the smart electric vehicle track. This intraday limit down has also sparked concerns among many investors over its subsequent valuation trend and sales expectations.

Han’s Laser Hits Intraday Limit Down

2026/7/13 10:51:51

Han’s Laser, a leading laser equipment player in the A-share market, hit the intraday limit down. As of the time it hit the limit down, the stock’s cumulative trading volume for the day reached 6.915 billion yuan, with a total of 18,143 lots of sell orders at the limit down price. This unusual stock movement led to a sharp shrinkage of the company’s market value, while the large trading volume also highlights obvious divergence among market funds regarding its subsequent trend.

Rumors Claim Victory Giant Technology Lost NVIDIA Orders Due to Quality Issues, Company Responds: Cooperation with Clients is Normal, No Notice Received

2026/7/13 10:50:38

On July 13, market rumors claimed that NVIDIA had received multiple test reports of quality issues from Victory Giant Technology, and would most likely terminate cooperation, canceling all of the latter’s orders from August 2026 to the first half of 2027, involving approximately 5 billion yuan, with most orders to be taken over by Shennan Circuits. Victory Giant Technology responded to the media that it has not received relevant notices from clients, and current cooperation, production and order acceptance are all normal.

Eastmoney 7/24

Omdia: Component Costs Continue to Rise, Polarization of Smartphone Storage Configurations Intensifies

2026/7/13 10:56:18

Market research firm Omdia released an observation showing that affected by the continuous rise in storage component costs, the polarization of smartphone storage configurations is intensifying. Currently, mobile phone manufacturers are generally scaling back entry-level product layouts, tilting resources towards mid-to-high-end models with higher profit margins; at the same time, to match consumer performance expectations and support rising retail prices, high-end and flagship models continue to upgrade their storage configurations.

Has the AI “second half” track changed? No longer just competing on who is bigger and stronger

2026/7/13 10:55:14

This news covers all participating companies in the AI track: for the past two years, the competition logic in the AI field was simple, with core competition focused on large model scale and benchmark performance, and companies with larger parameters and better scores could claim phased industry leadership. Now that the AI industry has entered the “second half”, the original evaluation standard of simply competing for “bigger and stronger” has become one-sided, and the industry’s competition logic has been adjusted.

Automobile Vehicle Sector Continues to Weaken Intraday, Seres Hits Limit Down

2026/7/13 10:52:57

The A-share automobile vehicle sector continued to weaken intraday during the trading day, with multiple constituent stocks in the sector seeing obvious declines. Among them, Zotye Auto first hit the limit down and was locked, followed by Seres hitting the limit down price. Vehicle manufacturers covering multiple tracks such as King Long Motor, GAC Group, BAIC BluePark, JAC Motors, and Foton Motor also ranked among the top decliners in the sector, with the sector showing significant overall short-term pressure.

Zotye Auto Placed Under Investigation for Illegal Information Disclosure, Has Lost Money for Seven Consecutive Years with Vehicle Business Fully Suspended

2026/7/13 10:51:00

On the evening of July 10, A-share listed automaker Zotye Auto (stock code: 000980) issued an announcement that, due to suspected illegal information disclosure, the company had received a case filing notice from the China Securities Regulatory Commission that day, and was officially placed under investigation. Currently, Zotye Auto has lost money for seven consecutive years, with its vehicle business fully suspended. This investigation will further increase uncertainty in its operations and capital side.

ICBC Investment and Others Establish Venture Capital Fund in Beijing with 506 Million Yuan Capital Contribution

2026/7/13 10:50:54

Recently, Jinjing Gongrong (Beijing) Venture Capital Fund Partnership (Limited Partnership) was established in Beijing, with a total capital contribution of 506 million yuan. The fund’s executive partners are Jingquan Private Equity Fund Management (Beijing) Co., Ltd. and ICBC Capital Management Co., Ltd., jointly funded by Beijing Financial Holdings Capital, ICBC Financial Asset Investment, Jiangsu Huatai Guojin Science and Technology Innovation Growth Equity Investment Fund, etc. Its main business includes private equity investment and venture capital fund management services.

China Building Materials Academy of Sciences Increases Capital to 3.34 Billion Yuan

2026/7/13 10:50:54

Tianyancha data shows that China Building Materials Academy of Sciences Co., Ltd., a wholly-owned subsidiary of China National Building Material Group, recently completed industrial and commercial changes, with its registered capital increased from approximately 2.72 billion yuan to approximately 3.34 billion yuan. The company’s main business includes engineering technology research and testing, new material technology R&D and promotion services. This capital increase is expected to enhance its investment and business expansion capabilities in the building materials scientific research and new materials tracks.

Yahoo Finance

Big fast-food burger chain franchisee files Chapter 11 bankruptcy

2026/7/12 00:47:00

[Financial Brief] A large franchisee of a leading fast-food hamburger chain recently officially filed for Chapter 11 bankruptcy protection under the US Bankruptcy Code. The specific brand it represents and the total number of stores involved have not yet been disclosed. According to procedures, the entity will simultaneously promote debt restructuring, and there is certain short-term uncertainty regarding the operation of its stores, consumer-related rights and interests, and payment of accounts to upstream suppliers.

Salesforce receives double blow over an AI product

2026/7/12 02:17:00

Global CRM leader Salesforce recently suffered a double blow to its core AI product: first, its Einstein GPT was exposed to have a content generation accuracy rate of less than 60%, with paid customer retention rate far lower than expected; second, competitor Microsoft cut the price of its similar AI CRM product by 30% to grab customers. Affected by this negative news, multiple institutions have lowered their full-year revenue expectations for its AI business, and the company’s short-term stock price fell by more than 4%.

Williams (WMB) in Advanced Talks to Acquire Momentum Midstream for $5.5B

2026/7/11 23:59:39

[Financial Brief] US natural gas midstream infrastructure operator Williams (stock code: WMB) is currently in advanced negotiations to acquire peer company Momentum Midstream, which focuses on pipeline network business in shale gas producing areas, with a transaction consideration of approximately $5.5 billion. If the transaction is finally completed, it will significantly expand Williams’ natural gas gathering and processing asset scale, and strengthen its market influence in key US natural gas producing areas.