February 12: Overview of concept stocks in power grids, AI applications, commercial spaceflight, quantum technology, and more

[Taogu Ba]

1. Power Grid: The General Office issued the “Implementation Opinions on Improving the National Unified Electricity Market System.” Improve the electricity price formation mechanism to promote market prices reflecting the multi-dimensional value of electricity resources, further standardize local electricity price management behaviors, and prohibit illegal preferential electricity policies. Promote the optimal allocation of electricity resources nationwide, and improve cross-provincial and cross-regional electricity trading systems. By 2030, a basic nationwide unified electricity market system will be established, and by 2035, a comprehensive nationwide unified electricity market system will be fully built. Concept stocks: Huaming Equipment, State Power Investment South Radio, TBEA, China Western Electric, XJ Electric, Pinggao Electric, Siyuan Electric, Guodian South Self, Baobian Electric, Jinpian Technology, Oriental Cable, Hengtong Optoelectronics, Zhongtian Technology, Baosheng Shares, Sifang Shares, Jinzhi Technology, Coling Electric, Changgao Electric New, Dalian Electric Porcelain, Shama Power, etc.

2. AI Applications: The State Council focuses on deepening and expanding “AI+” and empowering various industries comprehensively. Topics include high-quality data supply, developing and strengthening intelligent agent industries, and optimizing intelligent computing resources. DeepSeek quietly tests new models: a million-token context, knowledge base updates—V4 is coming? Zhipu releases the new flagship model GLM-5. Concept stocks: Huanrui Century, iReader Technology, Decai Shares, Nanxing Shares, Borui Data, Juzhi Technology, Oriental Guoxin, Bona Film, Chuling Information, Kaiying Network, Fantao Digital Innovation, Enlight Media, Huatai Shares, Green Alliance Technology, Cuiwei Shares, Jiecheng Shares, etc.

3. Commercial Spaceflight: On the morning of the 11th, Long March 10A (CZ-10A) was launched from Wenchang, Hainan. The mission successfully completed two tests: the maximum dynamic pressure escape of the Mengzhou spacecraft and the sea recovery of the first stage. Both the first stage and the spacecraft’s return capsule landed in the designated sea area under control. The low-altitude demonstration of the Long March 10 rocket system and the maximum dynamic pressure escape test of the Mengzhou crewed spacecraft achieved success, marking an important phased breakthrough in China’s crewed lunar exploration project, with multiple domestic and international “firsts.” Elon Musk plans to build an AI satellite factory on the Moon. Concept stocks: China Aerospace Development, Western Materials, Tianyin Electromechanical, Zaisheng Technology, Guanglian Aviation, Julii Rope, CASIC Star Map, China Satellite, China Satcom, Aerospace Electronics, Aerospace Micro, Zhenlei Technology, Guangxun Technology, Putian Technology, CAS Cloud, Qianzhao Optoelectronics, Sichuan Golden Summit, Shunhao Shares, Haiguang Information, Shanghai Port, GCL System Integration, Tuori New Energy, etc.

4. Quantum Technology: On February 12, quantum chips and quantum network technologies made significant breakthroughs. The international journal Nature published a recent achievement: Chinese scientists successfully built the world’s first large-scale quantum key distribution network based on integrated photonic quantum chips. Concept stocks: Guodun Quantum, University of Science and Technology of China Innovation, Geer Software, Great Wall Software, Guangxun Technology, Huagong Technology, Jida Zhengyuan, etc.

5. Chemical Price Increase: Zhejiang Longsheng’s dispersed dye products have been re-priced, with black dye prices increasing by a total of 5,000 yuan/ton recently since February 8. Concept stocks: Baichuan Shares, Jihua Group, Taihe New Materials, Acetic Acid Shares, Walltai, Jinnuo Chemical, etc.

6. Computing Power: The State-owned Assets Supervision and Administration Commission encourages central enterprises to actively expand effective investments in computing power. Google makes a huge acquisition to boost cloud computing; the EU approves its $32 billion acquisition of Wiz. Concept stocks: Jinfu Technology, Dawi Technology, Tefa Information, Litong Electronics, Massive Data, etc.

7. Low-Code Development: Recently, China’s first national standard for low-code systems and software engineering, “General Technical Requirements for Low-Code Development Platforms,” was officially approved and will be implemented on July 1, 2026. This marks a new stage of standardized and normative development for low-code in China. Concept stocks: Puyuan Information, Jinxiandai, Haoyun Technology, Jiuk Software, Dingdian Software, Yuxin Technology, etc.

8. Electronic-Grade Glass Fiber Cloth: After market close on February 10, according to brokerage notes, Taiyao issued a production suspension notice, confirming that electronic cloth production capacity is tight. The capacity (E-glass) is shifting toward Low Dk. Under this background, domestic manufacturers capable of producing E-glass Low Dk will continue to benefit. Concept stocks: Honghe Technology, China National Materials, Feli Hua, China Glass, International Composites, Shandong Fiberglass, Changhai Shares, Zaisheng Technology, etc.

9. Suiyuan Technology IPO: Suiyuan Technology’s Sci-Tech Innovation Board IPO has received inquiries, with a planned fundraising of 6 billion yuan. Tencent holds over 20% of shares. Concept stocks: Tiantong Shares, Zhangjiang Hi-Tech, Hongxin Electronics, Xin Zhi Software, Borui Communication, CAS Blue Signal, Shibei High-tech, etc.

10. Military Industry: According to Global Times, the US-Japan “Iron Fist” joint military exercise will be held from February 11 to March 9. (Julii Rope, Zhongtian Rocket, Great Wall Military Industry)

11. Stablecoins: Hong Kong Chief Executive John Lee expects the first stablecoin issuer licenses to be issued in March. Media reports suggest HSBC and Standard Chartered may become the first approved institutions. (Dongxin Heping, Sifang Jingchuang, Yuyin Shares, Hengbao Shares)

12. Consumer Spending: On the morning of the 11th, the State Council Information Office held a press conference. A relevant official from the Ministry of Commerce announced that a “Spring Festival Gift Package” worth 2.05 billion yuan will benefit consumers during the Spring Festival. (Jinhe Commercial Management, Lotus Holdings)

13. Longevity Drugs: Jiangnan University announced a new patent: “Application of Ibutamoren in the Preparation of Longevity-Extending Drugs.” (Jindawei, Yaben Chemical)

14. Solid-State Batteries: Fireproof and cold-resistant batteries are coming! The first national standard for automotive solid-state batteries is scheduled to be released in July 2026. (Jujie Microfiber, Debang Technology)

15. Small Metals: The price of praseodymium-neodymium oxide continues to rise, surpassing 800,000 yuan/ton, up 9.9% week-on-week and 28.8% month-on-month. The world’s largest nickel mine may reduce output by over 70%. (Galaxy Magnet, Luoyang Molybdenum)

16. Pingtouge Concept: Pingtouge AI chips are being transitioned from internal supply to external sales, and a new AI chip launch is also being planned. (Allwinner Technology, Liyang Chips)

17. US Stock Market: The three major US indices closed slightly lower, with mixed performances among popular tech stocks. Google and Microsoft fell over 2%, Amazon down over 1%, Intel up over 2%, Nvidia, Apple, and Tesla gained less than 1%. Storage concept stocks and metals and mining sectors led gains.

Second, Selected New Concept Stocks:

1. AI Applications (Nanjing E-commerce, Times Publishing, Superstar Agriculture and Animal Husbandry, Decai Shares)
2. Short Drama Games (Beitou Technology, Decai Shares, Xiangyuan Cultural Tourism)
3. Drones (Dianke Lantian, Sens Electronic)
4. Charging Stations (Yunyi Electric, Jianlang Hardware)
5. AI Intelligent Agents (Midea Group, Nanjing E-commerce)
6. New Energy Vehicles (Xingang Shares)
7. Guangdong-Hong Kong-Macao Greater Bay Area (Glinmet)
8. Commercial Spaceflight (Haohan Depth)
9. ByteDance Concept (Fengyu Zhu)
10. Mergers and Acquisitions (Jihua Group)