The STAR Market Daily reported on March 4 that the main highlights of today’s morning briefing for the STAR Market include: Google launched the GEMINI 3.1 FLASH-LITE model; OpenAI launched the GPT-5.3 Instant Website; Biwin Storage: January-February preliminary profit of 1.5 billion to 1.8 billion yuan.

This is Xiao K, your anchor from the STAR Market Daily, bringing you the latest updates.

Market Dynamics

Huawei’s Yang Chaobin: Global daily token consumption has increased nearly 300 times.

During MWC26 Barcelona, Yang Chaobin, CEO of Huawei ICT BG, stated that AI is accelerating development, with global daily token consumption increasing nearly 300 times over the past two years; more than 30 million AI Agents are now working collaboratively across global industries.

Major U.S. technology stocks mostly declined.

Most major U.S. technology stocks fell, with Tesla dropping over 2%, NVIDIA falling more than 1%, and Google and Apple experiencing slight declines; Microsoft rose over 1%, while Amazon and Netflix saw slight gains. The Nasdaq China Golden Dragon Index dropped by 3.3%, Alibaba fell nearly 5%, and Pony AI, Xinye Technology, and others declined over 7%.

Spark Space’s electric cycle rocket engine ‘Blazing Flame Two’ (LY-2) successfully completed a full system test.

Recently, Spark Space successfully completed the first full system test of the ‘Blazing Flame Two’ electric cycle rocket engine, achieving complete success. This test verified the feasibility of the electric pump cycle technology route in domestically produced engines, confirmed the correctness of the system design, and the coordination and compatibility of various components, setting a new record for the maximum thrust capacity of the world’s largest electric cycle rocket engine. This marks China’s technological leadership in the field of electric cycle rocket engines.

Hainan: Promoting the upgrading of the digital economy system by constructing intelligent computing infrastructure and exploring the application of large-scale artificial intelligence models.

On March 2, the People’s Government of Hainan Province signed a deepened strategic cooperation agreement with Baidu Online Network Technology (Beijing) Co., Ltd. in Haikou. According to the agreement, both parties will adhere to the principles of mutual benefit, open cooperation, and long-term development. A strategic cooperation coordination and promotion group will be established, along with a regular institutionalized working mechanism. The two sides will explore promoting the orderly cross-border flow of data in smart connected vehicles, creating an industrial ecosystem highland for smart connected vehicles, and initiating the construction of Baidu’s international regional center for the Luobo Express autonomous driving service. In Hainan, they aim to build a comprehensive operations center that integrates smart connectivity, data innovation, and distinctive cultural tourism. Additionally, they will deepen cooperation in the digital economy industry through the construction of intelligent computing infrastructure and exploration of applications empowered by large AI models, thereby advancing the upgrading of Hainan’s digital economy system.

Google has launched the GEMINI 3.1 FLASH-LITE model.

Google stated that the pricing for 3.1 Flash Lite is $0.25 per million input tokens and $1.50 per million output tokens. Starting today, the preview version of 3.1 Flash-Lite will be available to developers through the Gemini API in Google AI Studio and to enterprise customers via Vertex AI.

OpenAI launched the GPT-5.3 Instant Website.

OpenAI launched the GPT-5.3 Instant Website. GPT-5.3 Instant will be available to all ChatGPT users starting today. GPT-5.2 Instant will remain accessible to paid users through the model selector in the legacy model section for three months and will be discontinued on June 3.

Company Insights

Biwin Storage: January-February profit forecast between 1.5 billion and 1.8 billion yuan due to undersupply in the storage industry.

BIWIN Storage (688525.SH) announced that it expects to achieve revenue of RMB 4 billion to RMB 4.5 billion for January-February 2026, representing a year-over-year increase of 340% to 395%. Net profit attributable to shareholders is forecasted at RMB 1.5 billion to RMB 1.8 billion, reversing from a loss to profitability. The storage industry is entering a highly prosperous cycle in 2026, driven by AI computing power and domestic substitution, leading to sustained price increases for DRAM/NAND products and creating a supply shortage. The company has significantly benefited. Additionally, to enhance its market competitiveness in the AI era, the company continues to increase investments in chip design, solutions, advanced packaging and testing, and testing equipment.

Xianfeng Jingke: Plans to issue convertible bonds to raise up to 750 million yuan for projects including the expansion of core process metal components for advanced semiconductor manufacturing.

Xianfeng Jingke (688605.SH) announced that the company plans to issue convertible bonds to unspecified investors to raise no more than 750 million yuan. The funds will be used for the expansion project of core process metal components for advanced semiconductor manufacturing, the new construction project for research and production of core process non-metal materials and components for advanced semiconductor manufacturing, the development project of ceramic electrostatic chucks for semiconductor equipment, and to supplement working capital. The company stated that these projects will help address capacity bottlenecks, meet downstream customer demands, and enhance its competitiveness in the field of advanced semiconductor manufacturing processes.

Zhuhai Crown宇: Revenue for January-February is expected to increase by 45% to 54% year-on-year.

Zhuhai Champion (688772.SH) announced that preliminary estimates by the company’s finance department indicate an expected operating revenue of RMB 2.206 billion to RMB 2.347 billion for January-February 2026, representing a year-on-year increase of 45% to 54%. This growth is primarily attributed to significant achievements in market expansion and an effective increase in customer share.

Zhongwei Semiconductor: The price for this inquiry-based transfer is 43.35 yuan per share.

Zhongwei Semiconductor (688380.SH) announced that shareholders Zhou Yan, along with his acting-in-concert parties Yang Yong and Zhou Fei, have ensured the information is truthful, accurate, and complete. The price for this inquiry-based transfer is 43.35 yuan per share, with a total of 8.0073 million shares being transferred. Zhou Yan, the transferor, is one of the actual controllers and a director of Zhongwei Semiconductor, holding more than 5% of the company’s shares. This transfer will not result in a change of the controlling shareholder or actual controller of the company and will not significantly affect the corporate governance structure or ongoing operations. After the transfer, the combined shareholding ratio of the transferor and their acting-in-concert parties will decrease from 57.77% to 55.77%, triggering an equity change that reaches a whole percentage point multiple.

Lianrui New Materials: Core technical staff member Zhang Jianping resigns for personal reasons.

Lianrui New Materials (688300.SH) announced that core technical staff member Zhang Jianping has resigned for personal reasons and reached a mutual agreement with the company to terminate the employment relationship. During his tenure, Zhang Jianping was responsible for certain R&D projects and undertakings, and all intellectual property rights, including patents he participated in applying for, belong to the company or its subsidiaries. His departure will not affect the integrity of the company’s ownership of intellectual property rights. Zhang Jianping’s responsibilities have been properly handed over, and his resignation will not materially impact the company’s overall R&D innovation capabilities, ongoing operational capacity, or core competitiveness.

Yahong Pharmaceutical: Cevira has been approved for marketing by the National Medical Products Administration.

Yahong Pharmaceutical (688176.SH) announced that it had received the ‘Drug Registration Certificate’ issued by the National Medical Products Administration, approving the market launch of APL-1702 (trade name: Cevira/CEVIRA, generic name: Hexylaminolevulinate Hydrochloride Ointment Photodynamic Therapy System for Cervix). This product is intended for treating patients aged 18 years or older with histologically confirmed cervical intraepithelial neoplasia grade 2 (CIN2). Cevira is the world’s first non-surgical, minimally invasive treatment product approved for this patient population and is expected to reshape the long-standing treatment landscape dominated by surgical and other invasive procedures.

Frontiers of Science and Technology

New material combines energy storage and hydrogen release for the first time

A research team from Ulm University and Jena University in Germany has developed a new material that not only efficiently captures and stores solar energy but also releases hydrogen on demand. Remarkably, this process is fully reversible, and a simple ‘pH switch’ can restore its functionality for repeated use. The relevant findings have been published in the journal Nature Communications.

New method trains AI models to possess more ‘human intelligence’

An international research team led by scientists from the University of Waterloo in Canada has proposed a new approach to training large language models in artificial intelligence (AI) to make them exhibit more ‘human intelligence.’ The study explores novel architectures that support wise reasoning while proposing benchmarks to measure AI intelligence. The related paper has been published in the latest issue of Trends in Cognitive Sciences.