[Foshan Shunde Establishes China’s First Embodied AI Development Bureau]

IAT issued an unusual movement announcement, stating that the company’s stock trading saw a cumulative deviation of 30% in its daily closing price increase over three consecutive trading days, which, according to the relevant provisions of the 《Shenzhen Stock Exchange Trading Rules》, constitutes abnormal fluctuations in stock trading. Recently, media reported on the event involving the 《White Paper on Intelligent Agents Empowering Automotive R&D Design — From Tool-Assisted to Intelligence-Native (2026)》 jointly released by CAAM, the company, and various mainstream automakers. After careful self-examination, the company now clarifies the related business as follows: As of the disclosure date of this announcement, the company’s orders on hand for the application of artificial intelligence technology in automotive R&D design amounted to 1.8921 million yuan, with recognized revenue of 888,600 yuan (excluding tax). The future revenue situation is subject to significant uncertainty and will not have a material impact on the company’s operating results.

SK Hynix (SKHY.O) reported earnings on Wednesday. Driven by tech giants' increased investment in AI data centers, fueling strong demand for advanced memory chips, the company's Q2 operating profit surged 557% to 60.5 trillion won (approximately $41.62 billion), a record high, compared with 9.2 trillion won a year earlier. However, this figure fell short of market expectations of 64 trillion won, mainly because its high-end memory chips (HBM) account for a higher share than competitors, leaving it less able to fully benefit from the current strong price cycle for conventional memory chips. This heightened concerns that the AI boom driving the semiconductor industry may be slowing. SK Hynix's revenue also missed expectations. Its Q2 revenue was 79 trillion won, versus market expectations of 84 trillion won. Following the report, SK Hynix fell as much as another 9% in after-hours trading after closing down 9% in the U.S. stock market on Tuesday, while SanDisk (SNDK.O) and Micron Technology (MU.O) also slid more than 4%, erasing the boost from Seagate Technology's (STX.O) earnings.

[SMM Lead Morning Meeting Minutes: Bullish and Bearish Factors Coexist in Macro and Fundamentals; Short-Term Lead Prices Expected to Consolidate] Overseas macro factors are complex, with mixed bullish and bearish news. The market currently lacks clear guidance, and attention is on the upcoming US Fed meeting. Lead prices in China remain consolidating on a weak note, with secondary lead enterprises suffering heavy losses...