March 9th, Eastmoney Financial Evening News (with News Broadcast)

Hot Topics

14th National People’s Congress Fourth Session:

The 14th National People’s Congress Fourth Session held its second plenary meeting on the morning of the 9th at the Great Hall of the People in Beijing, listening to and reviewing the work reports of the Standing Committee of the National People’s Congress, the Supreme People’s Court, and the Supreme People’s Procuratorate, as well as the report on the legal cleanup work and related legal and decision handling opinions by the Standing Committee of the National People’s Congress. Afterward, in the North Hall of the Great Hall of the People, a second “Minister Channel” press event was held, inviting key officials from relevant State Council departments attending the meeting to be interviewed.

Domestic oil prices increase again:

Domestic refined oil prices have experienced four consecutive increases. On March 9th, the National Development and Reform Commission announced that starting at 24:00, domestic gasoline and diesel prices increased by 695 yuan/ton and 670 yuan/ton respectively. Converted to per-liter prices, 92-octane and 95-octane gasoline and 0 diesel increased by 0.55 yuan, 0.58 yuan, and 0.57 yuan respectively. Public commuting and travel expenses will rise significantly; filling a 50-liter tank for small private cars will cost about 27.5 yuan more than before.

Saudi Arabia cuts oil production:

According to reports, Saudi Arabia has begun reducing oil output due to storage facilities reaching saturation. Two sources revealed that Aramco is cutting oil production at two oil fields.

CATL earnings announcement:

Contemporary Amperex Technology Co. Limited (300750.SZ) announced that in 2025, revenue will reach 423.702 billion yuan, a year-on-year increase of 17.04%, and net profit will be 72.201 billion yuan, up 42.28% year-on-year. The company plans to distribute a cash dividend of 69.57 yuan (tax included) per 10 shares to all shareholders.

Iranian Parliament Speaker’s statement:

According to CCTV News, on March 9th, Iran’s Parliament Speaker, Khalilabadi, stated that if current conflicts further escalate to infrastructure levels, the economic impact will persist over a long period across the region and globally. He indicated that under such circumstances, international oil prices could remain in triple digits for a considerable time.

Foreign Ministry response:

On March 9th, Foreign Ministry spokesperson Guo Jiakun held a routine press conference. When asked about Iran’s announcement of Mujetaba as Iran’s new Supreme Leader, Guo Jiakun said that we have noted the reports, and this decision was made by Iran based on its constitution.

G7 may discuss releasing strategic oil reserves:

It is reported that G7 finance ministers will hold an emergency meeting on Monday to discuss the possibility of jointly releasing oil reserves coordinated by the International Energy Agency to address the surge in oil prices caused by the Gulf conflict. According to sources familiar with the matter, including a senior G7 official, the finance ministers and IEA Director Fatih Birol will hold a phone call at 8:30 a.m. New York time (20:30 Beijing time) on Monday to discuss the impact of the Iran war. Some G7 countries, including the U.S., have expressed support for this strategic reserve release plan.

Southbound funds hit record high:

On March 9th, net daily inflows of southbound Hong Kong Stock Connect funds reached approximately HKD 37.2 billion, setting a new record for single-day net inflows. Due to various factors including international geopolitical tensions, recent southbound inflow and outflow have been volatile. Overall, since 2026, southbound funds have shown net inflows, with cumulative net purchases exceeding HKD 180 billion this year.

Wuxi supports OpenClaw policy:

Wuxi High-tech Zone issued a draft of “Several Measures to Support the Integration and Development of OpenClaw and OPC Community Projects” (draft for comments). The 12 policies range from basic support to industry implementation, talent recruitment, and safety compliance, with individual support up to 5 million yuan. The draft proposes that local cloud platforms providing free deployment and development toolkits will receive full subsidies of up to 1 million yuan. For OPC projects using local intelligent computing platforms, subsidies will be provided based on actual costs, with a maximum of 300,000 yuan per year per company.

Large-scale gains in domestic commodity futures:

Domestic commodity futures closed broadly higher, with a surge in the energy and chemical sectors, and a 20% limit-up on European routes for container shipping. Futures for crude oil, fuel oil, pure benzene, styrene, asphalt, BR rubber, liquefied gas, and bottle chips hit the daily limit; palm oil rose over 6%, coking coal and caustic soda increased over 5%, urea up over 4%, and coke, rapeseed oil, soda ash, and alumina rose over 3%. On the downside, Shanghai tin and palladium fell more than 2%.

Thematic Opportunities

OpenClaw:

Recently, a wave of “lobster farming” has swept the AI industry. “Lobster farming” refers to deploying, training, and using local AI agents represented by OpenClaw (formerly Clawdbot, Moltbot). The official icon of OpenClaw is a red lobster. It is known that OpenClaw is an open-source AI agent that integrates multi-channel communication capabilities with large language models to build customized AI assistants with persistent memory and proactive execution, deployable locally.

Western Securities notes that as one of the most attention-grabbing projects currently, OpenClaw is expected to push the AI industry into the Agent era, with the following impacts: first, agents are likely to become one of the earliest application scenarios; second, token consumption will accelerate, potentially boosting computing power demand and maintaining inflation in the computing chain; third, it will support increased demand for domestic large models and accelerate their international expansion.

Data shows that, based on publicly available information, more than 10 companies have deployed or adapted OpenClaw. As of March 5th, looking at the financing balance and changes by the end of 2025, among these companies, three saw financing balance increases of over 30%, namely UCloud, Beixin Yuan, and Loongson Zhongke. Additionally, Suning.com, Tuo Wei Information, iFlytek, Qingyun Technology-U, and others also saw financing increases over 10%.

Energy Storage:

The expanding demand for AI computing power has ignited the power sector, with industry consensus that “the second half of AI is energy”. The U.S. expects 70 GWh of installed capacity by 2026, a 35% increase year-on-year, driven by AI. AI data centers are projected to generate 18-279 GWh of energy storage demand from 2025 to 2028. Despite policy fluctuations, large-scale storage remains a highly certain core driver. Europe expects 51 GWh of capacity by 2026, a 55% increase, moving from expectation to commitment. Emerging markets are projected to reach 67 GWh, a 91% increase, with Australia’s CIS tenders exceeding expectations, and large storage projects in the Middle East and Chile exploding. Industrial and commercial energy storage in Asia, Africa, and Latin America benefits from the economic advantages of “fuel substitution.”

Guojin Securities recently released a 2026 strategic outlook for energy storage and lithium batteries, indicating that the global energy storage industry is entering a new growth cycle, with projected new installations reaching 438 GWh in 2026, a 62% increase. The growth drivers have shifted from solely renewable energy absorption to a triple drive of “AI computing infrastructure + energy transition needs + grid congestion.” Industry supply-demand relations have significantly improved, transitioning from inventory depletion to inventory replenishment prosperity, with some segments experiencing simultaneous volume and price increases.

Data shows that since February this year, leveraged funds have been actively buying energy storage concept stocks, with Electric Power Blue Sky leading with a net financing inflow of over 600 million yuan; GCL System Integration is second with over 400 million yuan. Stocks such as Chuanrun Co., Yunnan Energy Control, Shiyun Circuit, Shanghai Electric, E-Town Green Energy, Xingyun Co., EVE Energy, Zongshen Power, Zhenyu Technology, and Baichuan Co. have net financing inflows ranging from 360 million to 200 million yuan.

Company News

Guangyang Co.: Recently, the company signed a “Strategic Cooperation Agreement” with Shenzhen Zhujiji Power Technology Co., Ltd. (“Zhujiji Power”). The two parties aim to leverage resource integration and complementary advantages to develop standardized integrated joint modules, enhancing core competitiveness.

Bohai Chemical: Due to recent military conflicts in the US, Israel, and Iran, there are serious impacts on the sustainability of raw material supplies. To ensure the safety and efficiency of subsequent production facilities, the company has decided to extend the scheduled shutdown and maintenance period of its PDH units.

Zhongbei Communications: On March 9th, the company and its subsidiary Anhui Rongboda Cloud Computing Data Co., Ltd. signed a “Service Procurement Contract” with Party A (referred to as “Party A”). Party A will use the computing resources and related services provided by the company and its subsidiaries based on business needs. The total contract amount is 429 million yuan (tax included), with a service period of three years, starting from the date of service activation.

Tengjing Technology: The company plans to invest 35 million yuan to establish a wholly-owned subsidiary, Tengjing Optical Communications Technology (Zhengzhou) Co., Ltd., which will be responsible for implementing the “Optoelectronic Component Manufacturing Base Project”. This investment aims to seize the strategic opportunity of rapid development in the optical communication industry, effectively enhance the delivery capacity of passive optical components, and meet the demand for products such as high-speed optical modules, OCS, and CPO.

*ST Jinlun: The company’s stock closed at 1.01 yuan on March 9, 2026, with a total market value of 497 million yuan, falling below 500 million yuan for the first time. According to the “Shanghai Stock Exchange Stock Listing Rules,” if the company’s total market value remains below 500 million yuan for 20 consecutive trading days, the SSE will decide to delist the company. Additionally, the company expects a net loss for 2025, and after excluding non-core business income, operating revenue is below 300 million yuan, which will also trigger delisting rules after the annual report is disclosed.

Hengrui Medicine: The subsidiary Fujian Shengdi Pharmaceutical Co., Ltd. received the “Drug Clinical Trial Approval Notice” from the National Medical Products Administration for HRS9531 injection, and will soon commence clinical trials. To date, the R&D investment in the HRS9531 project has totaled approximately 632 million yuan.

Chengdu Huawi: The company’s ultra-high-speed 10-bit 128 GSPS A/D converter (analog-to-digital converter or ADC) was recently successfully released. According to publicly available information, this chip achieves leading international performance in sampling rate, signal bandwidth, and dynamic range. It can significantly improve radar detection, aerospace measurement and control systems, and promote high-end testing instruments capable of ultra-fast signal capture, widely used in inter-satellite communication, radar detection, electromagnetic suppression, commercial aerospace, high-end instrumentation, and other fields.

Jiaxian Co.: The company’s photolithography mask project phase two has started construction and is expected to be completed by the end of this year, depending on actual progress. The second phase involves two types of monomers, mainly used downstream for synthesizing photoresists, ultimately applied in chip manufacturing and integrated circuits.

Jinrui Mining: On March 6th, the company’s controlling shareholder, Yellow River Company, and its concerted actors Qinghai Guotou and Qinghai Fatu signed a “Concentrated Action Agreement”. Through this agreement, the company, previously without actual control, will be under the actual control of China Power Investment Corporation (“State Power Investment”).

Hongda Co.: The Shifang Nonferrous Metals Branch plans to invest in the renewal of electrolytic zinc smelting system equipment. The total investment is about 228 million yuan, with Shifang Nonferrous Metals Branch as the implementing entity.

CCTV News Broadcast

The second plenary session of the 14th National People’s Congress was held on the morning of March 9th at the Great Hall of the People in Beijing, where work reports from the Standing Committee of the National People’s Congress, the Supreme People’s Court, and the Supreme People’s Procuratorate were reviewed and discussed.

Today (March 9th), the “Representative Channel” of the 14th NPC’s Fourth Session opened, with six NPC deputies answering questions from reporters.

Today (March 9th), the “Minister Channel” of the 14th NPC’s Fourth Session reopened, with three officials from the Ministry of Transport, Ministry of Agriculture and Rural Affairs, and the General Administration of Sport collectively interviewed, addressing hot social issues.

Data from the National Bureau of Statistics released today (March 9th) shows that in February, due to the overlapping effects of the Spring Festival and increased consumer demand, the Consumer Price Index (CPI) rose from 0.2% last month to 1.3%, the highest in nearly three years.

In February, driven by rising international commodity prices, rapid demand growth in some domestic industries, and sustained macro policies, the Producer Price Index (PPI) increased by 0.4% month-on-month, the same as last month, marking five consecutive months of increase.

The latest release from the National Food and Material Reserve Bureau states that nationwide autumn grain procurement has exceeded 300 million tons. The application of new productivity scenarios such as intelligent inspection and smart storage continues to expand, with market prices of main varieties stabilizing or rising, and multimodal transportation combining rail and sea ensuring efficient grain circulation.

By 2025, China’s non-fossil fuel energy consumption will increase by approximately 160 million tons of standard coal year-on-year, reaching a record high. The proportion of non-fossil energy in primary energy consumption will rise by about 1.9 percentage points from the previous year to 21.7%. The low-carbon energy transition is accelerating.

The latest data from the State Post Bureau shows that from January to February, China’s express delivery development index reached 374.1, a year-on-year increase of 1.5%. Due to consumption subsidies and holidays, the average daily express volume in January exceeded 590 million pieces; from February 2nd to 8th, it peaked before the holiday, with an average of about 670 million pieces per day.