Good News for Humanoid Robots; Tencent's financial report is coming tonight | Today's important news review

0319 ｜ Dolphin Research Key Focus:

🐬 Macro/Industry

1. The National Local Joint Construction Humanoid Robot Innovation Center is set to announce a milestone general embodied intelligence platform - "格物 GeWu". Additionally, the open fund of the National Local Joint Construction Humanoid Robot Innovation Center will be released. The robot industry is receiving positive catalysts, and related concept stocks are rising.

🐬 Individual Stocks

1. $NVIDIA(NVDA.US)

NVIDIA held the GTC2025 conference in San Jose, USA, where it launched a series of new products including the Blackwell GPU and CPO switches. Jensen Huang revealed at the GTC that the top four cloud providers in the U.S. have collectively purchased 1.3 million Hopper architecture chips in 2024 and have already purchased 3.6 million Blackwell GPUs for 2025, with data center capital expenditures expected to exceed $1 trillion by 2028. Additionally, Huang introduced a new product "Blackwell Ultra" during the keynote speech, which is expected to enter mass production in the second half of 2025, and previewed the company's next-generation chip "Rubin".

2. Core Focus on Earnings Report Interpretation and Conference Calls

Xiaomi:《 Xiaomi: Claimed to be "the strongest in history", is it really that impressive?》、《 Xiaomi (Minutes): Aiming for 200 million phones, no strict profit target for cars》

Tencent Music:《 Tencent Music: "Small happiness" reappears during the pressure period》、《 Tencent Music (Minutes): There is still room for profit margin improvement》

XPeng:《 XPeng: Did the guidance collapse? Can XPeng still make a comeback?》、《 XPeng (Minutes): Expected to double sales by 2025, profitable in Q4》

Beike:《 The real estate market is booming, but is Beike only making "noise" without profit?》、《 Beike (Minutes): Continued recovery of existing homes in 2025, new homes may still face adjustments》Anta Sports: Quick Interpretation of Anta's Financial Report

Tonight, Tencent will announce its financial report, and Dolphin Research will track and provide interpretative analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Various public utilities, data processing and outsourcing services, agricultural machinery;

Hong Kong Stocks: Film and entertainment, trading and payment services, beer manufacturing;

U.S. Stocks: Textiles, precious metals and minerals, shipping ports - operators.

🐬 Attention for Tomorrow

1. Federal Reserve interest rate decision (upper limit), U.S. current account;

2. China's one-year loan market quoted interest rate;

3. Pinduoduo and ZEEKR will announce their financial reports and Dolphin Research will track and provide interpretative analysis.

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