March 10th Oriental Wealth Financial Evening News (with News Broadcast)

Hot Topics

Trump Says Conditional Negotiations with Iran Possible:

According to Fox News on the 10th, U.S. President Trump stated that negotiations with Iran could be conditional. When asked if he was willing to talk with Iranian leaders, Trump said, “I hear they really want to negotiate.” “It’s possible, depending on the conditions, but only a possibility.” Trump reiterated his dissatisfaction with Iran’s new Supreme Leader, Khamenei, and said, “I don’t believe he can live peacefully.”

National Internet Emergency Center Warns of Lobster Risks:

The National Internet Emergency Center issued a risk alert regarding the OpenClaw security application. Recently, OpenClaw (“Lobster”) app downloads and usage have surged, with major domestic cloud platforms offering one-click deployment services. This intelligent agent software has been granted high system permissions, including access to local files, reading environment variables, calling external APIs, and installing extensions. However, due to its default security settings being extremely weak, attackers who find a breach point can easily gain full control of the system. It is recommended that relevant organizations and users take security measures when deploying and using OpenClaw.

Multiple Countries Increase Oil Production Cuts:

Latest reports on Tuesday afternoon show that as shipping through the Strait of Hormuz nearly stalls, Middle Eastern oil-producing countries are escalating their production cuts. According to sources, the four major oil exporters in the Gulf region—Saudi Arabia, Iraq, UAE, and Kuwait—have reduced output by 6.7 million barrels per day due to shipping disruptions. This means their combined production has been cut by over one-third, and global oil supply has decreased by about 6%. Specifically, Saudi Arabia has cut 2 to 2.5 million barrels daily, UAE by 0.5 to 0.8 million barrels, Kuwait by about 0.5 million barrels, and Iraq by approximately 2.9 million barrels.

Multiple Regions Support “Lobster Farming”:

Recently, OpenClaw has sparked a “Lobster Fever,” with cities like Shenzhen, Foshan, Wuxi, and Changshu introducing supportive policies, offering real financial incentives to promote lobster farming. Today, the official website of Foshan’s Chancheng District government announced that Chancheng District has partnered with China Telecom Foshan Branch to launch free deployment services for the public’s “Lobster” (OpenClaw). On the same day, Hefei High-tech Zone released the “Hefei High-tech Zone Action Plan for Building an AI OPC Startup Ecosystem (Draft for Comments),” proposing 15 robust measures and offering a “space + talent + computing power + scenarios + capital” package, with up to 10 million yuan in funding support.

Iranian Parliament Speaker’s Statement:

On March 10, Iran’s Parliament Speaker, Ali Larijani, posted on social media, “We will never seek a ceasefire. We believe that the invaders must be struck hard to teach them a lesson, so they never dare to invade Iran again. Israel’s existence is built on a cycle of war-negotiation-ceasefire-war again, consolidating its dominance. We will break this cycle.”

China’s Defense Budget:

The draft budget report for 2026 clearly states the total defense expenditure. Zhang Xiaogang introduced this year’s defense spending plan. Considering national security and development needs, ensuring the modernization of the military aligns with the country’s overall modernization, and enhancing strategic capabilities to defend sovereignty, security, and development interests, the 2026 national general public budget allocates 1.94 trillion yuan for defense, a 6.9% increase from the previous year. Of this, central government spending is 1.91 trillion yuan, up 7%.

Brain-Computer Interface:

The Jiangsu Provincial Department of Industry and Information Technology and eight other departments issued the “Jiangsu Province Brain-Computer Interface Industry Innovation Development Action Plan.” It proposes cultivating consumer application scenarios, encouraging companies to accelerate integration of brain-computer interfaces with smart IoT, virtual reality, embodied intelligence, and other technologies, innovating non-invasive BCI products like headsets, ear clips, hairpins, and headbands. It aims to integrate multimodal data such as EEG, near-infrared brain signals, and electromyography to develop intelligent, lightweight, wearable products and innovative service solutions, accelerating applications in health care, traffic safety, education, sports training, entertainment, and smart home sectors. By 2030, at least 30 typical “brain-computer interface + consumer” application scenarios will be cultivated.

Shanghai Stock Exchange Supports Tech Innovation:

The government work report emphasizes promoting deep integration of technological and industrial innovation. For key core technology enterprises, a “green channel” for listing, mergers, and acquisitions will be implemented regularly. On March 10, the SSE stated it will firmly implement relevant work requirements, increase institutional support for tech companies with breakthroughs in core technologies, expand diverse equity financing channels, and further leverage the resource allocation function of the capital market to support regular financing and M&A activities for tech and upgrading enterprises.

Ministry of Foreign Affairs Response:

Spokesperson Guo Jiakun held a routine press conference. A reporter asked about the Middle East situation and global energy security. Guo said, “Energy security is vital to the global economy, all parties have a responsibility to ensure stable and smooth energy supplies.” China will take necessary measures to safeguard its energy security. For specific issues, please consult the relevant Chinese authorities.

Theme Opportunities

PCB:

Recently, two major international giants announced price hikes, further confirming the “price increase” trend. First, Japan’s semiconductor materials giant Resonac announced on March 1 that the prices of copper-clad laminates (CCL) and adhesive films would be raised by over 30%. Subsequently, Mitsubishi Gas Chemical, a major Japanese electronic materials manufacturer, also announced price increases across its entire range of electronic materials, including CCL, Prepreg (resin substrates), and CRS (copper foil resin sheets), with a 30% increase, effective from April 1, 2026.

Additionally, PCB companies are resuming capital expenditure growth, boosting market sentiment. According to Dongwu Securities, in the first three quarters of 2025, the eight leading PCB companies’ capital expenditure reached 16.29 billion yuan, a 69% increase year-on-year, roughly matching the peak in 2021. In 2021, these eight companies spent a total of 17.1 billion yuan. From 2022 to 2024, the PCB industry experienced a three-year cooling period.

In terms of stocks, leading PCB firms (Shenghong Technology, Shennan Circuit, Huidian), drilling equipment (Han’s Laser, Han’s CNC), drill needles (Wolfram High-tech, Dingtai Technology, Xinrui Shares), solder paste printing equipment (Kaige Precision), and LDI equipment (Xinqi Micro-Assembly) are among the most watched segments.

Commercial Space:

Commercial space launches will intensify from late March to April, with models like Tianbing Tianlong No. 3, Interstellar Glory’s Double Curve No. 3, Blue Arrow Zhuque No. 3, Deep Blue Nebula No. 1, and CASIC’s Li Jian No. 2 entering orbit or undergoing recovery tests. Ping An Securities states that global commercial space is entering an “accelerated deployment, deepening commercialization, and global competition” phase. By 2025, the global commercial space market is expected to reach $500 billion, growing 4.1% year-on-year. Low Earth orbit satellite constellations, reusable rockets, and space economy derivatives are the main growth drivers, with industry chain companies expected to benefit continuously.

Besides rocket launches, key industry activities are also underway. From March 12 to 14, the first Shanghai Commercial Space Conference and Exhibition will be held, showcasing commercial launch vehicles, satellite technology, ground equipment, space applications, and supporting services. Over 550 companies will participate, presenting a comprehensive industry ecosystem from launchers and satellite development to core subsystems, high-end components, special materials, and ground control.

The concept sector shows that over 200 A-share stocks are related to commercial space, with a total market value exceeding 6 trillion yuan. AVIC Chengfei, Lansi Technology, China Satellite Communications are the top three by market cap, with six stocks like Pengding Holdings, E-Science Blue Sky, and China Satellite exceeding 100 billion yuan. As of March 9, many stocks attracted high institutional attention, including Chaojie Shares with 162 institutions, Aerospace Hi-Tech with over 100, and Nengke Technology with 99. Shunhao Shares, Haizhi Mechanical, and Pritec also received over 50 institutional visits.

Company News

UCloud: The lightweight cloud hosting products with OpenClaw images have not yet formed a scaled product system, and technological iteration and commercialization progress may fall short of expectations.

SpaceX: Sources say Elon Musk’s SpaceX prefers to list on NASDAQ, requiring early inclusion in the NASDAQ-100 index as a listing condition.

Dawei Co.: Plans to raise up to 109 million yuan through private placement, for embedded memory R&D and industrialization projects.

Borui Data: Mainly provides application performance management and observability solutions for enterprise IT operations. OpenClaw is an open-source AI agent execution framework. The company currently has no monitoring solutions or products for this technology, no commercialization or revenue, so it does not impact current business.

Wuhan Tianyuan: The company’s controlling subsidiary, Wuhan Tianyuan Energy Co., Ltd., and the People’s Government of Xiushui County, Jiujiang City, Jiangxi Province, signed an “Investment Agreement” for the “Independent Shared Energy Storage Power Station Project,” with a total investment of 560 million yuan.

Hengguang Co.: Recently, the “30,000-ton chemical project” in the “annual 100,000-ton phosphorus chemical products production line” has completed main construction, equipment installation, and debugging, entering trial production.

Fulin Jinggong: The company’s subsidiary Jiangxi Shenghua’s existing high-pressure dense lithium iron phosphate cathode material capacity of 300,000 tons is operational, and new projects for 350,000 tons of high-pressure dense lithium iron phosphate cathode materials and 500,000 tons of high-end energy storage lithium iron phosphate capacity are underway. Current capacity is fully operational and sold out.

Zhongjie Resources: The main business is the R&D, production, and sales of industrial sewing machines. The company and its wholly owned subsidiary Zhejiang Zhongjie Sewing Technology Co., Ltd. do not involve lithium battery copper foil business.

Changying Precision: The company is planning to issue H-shares abroad and list on the Hong Kong Stock Exchange. As of the announcement date, discussions are ongoing with intermediaries; details of the H-share issuance are yet to be finalized.

Lingwei Technology: The company’s acquisition of Jiangsu Huimai Powder Technology Co., Ltd. (“Jiangsu Huimai”) shows that its 2025 revenue accounts for about 5% of the company’s total (unaudited). Jiangsu Huimai’s spherical silicon micropowder is in the downstream customer trial stage for M9-grade copper-clad laminates, not yet in mass production or orders.