March 25 Evening Review

This review and information are solely personal stock market summaries; they are not stock recommendations. Please do not follow any stocks mentioned.

Some review content is shared a day in advance to help dedicated fans review in the evening!

Today’s key review points

Currently, all gains are intraday floating profits. When the market closes, they are often wiped out by quant trading.

Retail investors and quant traders are no longer on the same level in terms of size and order speed. T+2 trading should be implemented for quant strategies to prevent advantages from becoming one-sided.

[Taogu Bar]

1. Continuous Board Ladder and Limit-Up Distribution Chart

8-day limit: Huadian Liaoning Energy
4-day limit: Zhongli Group
3-day limit: Liaoning Energy, Zhejiang New Energy
2-day limit: Xineng Taishan, Hunan Development, Aorui De, Tongding Interconnection, Hongbai New Materials, Shuhua Sports, Shaoneng Shares, Energy-saving Wind Power, True Vision, Guangdong Power A, Jiangnan High Fiber, Rongjie Shares, Changfei Optical Fiber, Hunan Tianyan, Geli Si, Mino Hua, Great Wall Military Industry, Ningbo Energy, Shitou Shares

2. Review and projection of limit-up upgrades (orange indicates upgrade)

3. Limit-up events

4. Green Power / Power-Calculation Collaboration (18)
   8 boards: Huadian Liaoning Energy
   4 boards: Zhongli Group
   3 boards: Liaoning Energy, Zhejiang New Energy
   2 boards: Xineng Taishan, Hunan Development, Shaoneng Shares, Energy-saving Wind Power, Guangdong Power A, Ningbo Energy
   1 board: Fuchun Environmental Protection, Zhongmin Energy, Baoxin New Energy, Batong Energy, Gansu Energy, Huadian Energy, Mindong Electric, Tongbao Energy

Event 1: Power-Calculation Collaboration was first included in the government work report, implementing large-scale intelligent computing clusters and new infrastructure projects like power-calculation collaboration.

Event 2: Liu Liehong, Director of the National Data Bureau, stated at the China Development High-Level Forum 2026 that efforts will be made to promote the power-calculation collaboration project, ensuring that over 80% of new data center nodes use green electricity.

2. AI Hardware (16)
   2 boards: Tongding Interconnection, Changfei Optical Fiber
   1 board: Aled, Tefa Information, Chaoying Electronics, Sanfu Shares, Hangdian Shares, Jiangshun Technology, Kechuan Technology, Yanjiang Shares, Huamai Technology, Kangseng Shares, Lixun Precision, Gongjin Shares, Weike Technology, Yangtze Communication

Event 1: NVIDIA GTC 2026 officially announced MGX ETL open rack, compatible with NVIDIA, AMD, Intel, and domestic AI chips.

Event 2: Driven by demand for AIDC construction, G.657.A2 optical fiber prices have exceeded 210 yuan per core-kilometer, breaking historical price ceilings.

Event 3: U.S. optical communication concept stock Lumentum hit a new all-time high.

3. Computing Power / Tokens / Word Elements (9)
   2 boards: Aorui De, True Vision
   1 board: Zhongjia Bochuang, 263, Dawi Technology, Litong Electronics, Sanrenxing, Electric Light Technology, Tianji Technology

Event 1: The head of the National Data Bureau stated that in March, China’s daily token invocation volume exceeded 140 trillion, a two-year increase of over a thousand times.

Event 2: Tokens now have a Chinese name—“Word Elements.”

4. Announcements of Limit-Ups (8)
   Rongjie Shares: Planning to invest 1.1 billion yuan in a lithium battery anode material project (3.24)
   Mino Hua: Received research from 54 institutions; no adverse reactions related to products in CRO company reports (3.24)
   Mingpu Guangci: 800G LPO optical modules shipped in small batches; 1.6T development with customer JDM (3.25)
   Guannong Shares: Received 446 million yuan cash dividend from affiliated company (3.25)

5. Fujian (4)
   1 board: Xiamgong Shares, Pingtan Development, Fujian Cement, Zhangzhou Development
   Event: Taiwan Affairs Office stated that peaceful reunification would be the starting point for a new look in Taiwan’s infrastructure and new infrastructure, allowing Taiwanese people to drive from the island along the Beijing-Taipei Expressway to visit Beijing.

6. Military Industry (3)
   2 boards: Hunan Tianyan, Great Wall Military Industry
   1 board: Runbei Hangke
   Event: Amid Middle East conflicts, China’s military trade capacity is abundant, presenting opportunities.

7. Robotics (3)
   1 board: Hasen Shares, Ruineng Technology, Xinquan Shares
   Event: Tesla V3 robot mass production and release are approaching; a preview video was released on the morning of the 25th, showing some V3 version dexterous hand prototypes, employee interviews demonstrating strong confidence, and potential team expansion.

8. New Stock Price Highs

Today, 17 stocks closed at new highs, yesterday 5, the day before 4 (look for benchmarks and industry trends).

Mainly concentrated in optical communication, storage, and power.

5. Institutional and retail investor movements