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Real-time News
Goldman Sachs: We expect Persian Gulf oil exports to recover to pre-war levels by the end of July, up from the previous forecast of the end of August.On June 16th, JPMorgan Chase released a research report analyzing Chinas large-scale AI model industry. The report points out that as the monetization path for large models converges towards enterprise workflows, API consumption, code, and intelligent agents, investors will increasingly focus on the actual capabilities, task completion rates, and pricing power of the models. Given that AI adoption demand still exceeds inference computing power supply, if developers quickly withdraw from premium pricing, it reflects a lack of market recognition of their model capability improvements. The bank is relatively optimistic about Zhipu (02513.HK) within the sector, reiterating its "Overweight" rating. The bank is optimistic about Zhipu AIs pricing power, noting that its ability to double API prices this year while maintaining continuous business growth fully validates the markets recognition of its large-scale model value. The bank raised its revenue forecasts for Zhipu AI by 26% to 42% for fiscal years 2026 to 2030, while lowering its adjusted net loss forecast, significantly increasing its target price from HK$950 to HK$1400.On June 16, Fu Linghui, spokesperson for the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that the equipment manufacturing industry has played a significant supporting role in industrial production, becoming a crucial force driving accelerated industrial growth. In May, the added value of the equipment manufacturing industry increased by 9.5% year-on-year, contributing nearly 80% to the growth of the added value of industries above a designated size.According to the National Bureau of Statistics, caustic soda (100% purity) production in May was 3.9 million tons, up 2.2% year-on-year. From January to May, the cumulative production of caustic soda (100% purity) was 19.85 million tons, up 5.1% year-on-year.According to the National Bureau of Statistics, sulfuric acid (100% purity) production in May was 8.37 million tons, a year-on-year decrease of 1.6%. From January to May, the cumulative sulfuric acid (100% purity) production was 44.29 million tons, a year-on-year increase of 1.9%.
