Stock Market Update: Shanghai Exchange, Shenzhen Component, and ChiNext Indexes Soar
On November 3, the Shanghai Stock Exchange Index experienced a notable increase of 0.71%, while the Shenzhen Component Index and the ChiNext Index rose by 1.22% and 1.47% respectively. Leading the gains were sectors such as memory chips, semiconductors, and industrial motherboards. Conversely, sectors such as real estate development, Internet e-commerce, and innovative drugs witnessed slower growth.
Robot Concept Stocks Outperform
Throughout the day, robot concept stocks demonstrated strong performance. Notably, stocks like Haozhi Electromechanical, Fengli Intelligent, and Greatoo Intelligent reached their daily limit at the close of trading.
Semiconductor Sector Surges
The semiconductor sector experienced significant gains as well. Stocks like Yongsilicon Electronics, Kangqiang Electronics, and Jinhaitong reached their daily limit by the end of the trading session. Other stocks, including Huahai Chengke and Juchen Shares, followed suit.
Real Estate Development Sector Sees Adjustments
Conversely, the real estate development sector underwent adjustments. Zhongdi Investment fell over 6%, with Wolong Real Estate, Huayuan Real Estate, and Tieling New City following suit.
Capital Flow: Net Buying in Shanghai and Shenzhen Stock Connect
An analysis of Wind data revealed net buying of 7.108 billion yuan, marking the second consecutive day of net purchases. Shanghai Stock Connect witnessed a net purchase of 2.804 billion yuan, while Shenzhen Stock Connect saw a net purchase of 4.304 billion yuan.
Major Funds Redirected to Electronics and Power Equipment Sectors
Major funds experienced net inflows into sectors such as electronics, computers, and power equipment. Conversely, there were net outflows from sectors like banking, transport, and real estate.
Notable individual stock net inflows included OFILM, Beidou Star, and iFlytek, with 2.422 billion yuan, 893 million yuan, and 679 million yuan respectively. On the flip side, Zhidu Shares, Oriental Jiasheng, and Industrial and Commercial Bank of China experienced net outflows of 382 million yuan, 243 million yuan, and 206 million yuan respectively.
Industry Insights
CITIC Guarantees: Humanoid Robots Set to Become Disruptive Products
The Ministry of Industry and Information Technology recently published the “Leading Opinion on the Innovation and Development of Humanoid Robots.” According to this document, humanoid robots are poised to become disruptive products, following in the footsteps of computers, smartphones, and new energy vehicles. The document outlines specific goals and timelines for the development of humanoid robots, aiming to achieve breakthroughs in key technologies by 2025. By 2027, it anticipates significant improvements in technological innovation, creating a safe and reliable industrial and supply chain system. This announcement provides clarity and direction for the humanoid robot industry, with subsequent support policies expected to drive the growth of domestic robot chain companies. Therefore, leading players in the robot industry chain merit attention.
Tianfeng Guarantees: Positive Outlook for Thermal Power Sector
During this week’s intensive disclosure of third-quarter results, most companies have exhibited improved performance. The market has shown a clear response to power companies’ performance. Looking ahead, the thermal power sector is expected to maintain an overall positive trend, supported by both low coal prices and favorable long-term electricity prices projected for 2024.
Huatai Guarantees: Computer Sector Poised for Recovery
Despite external macroeconomic challenges impacting the computer industry in the third quarter of 2023, overall revenue maintained positive year-on-year and sequential growth. However, on the profit side, cost inflexibility and slow demand recovery presented short-term pressures. As the macroeconomic environment improves, the computer industry is expected to enter an upswing, leading to a quarter-by-quarter improvement in net profits for shareholders. Furthermore, the industry’s direction, propelled by AI, digital economy, information innovation, new industrialization, and Huawei’s industry chain, is forecasted to drive overall improvement.
Finally on November 3, the Shanghai Stock Exchange Index rose 0.71%, the Shenzhen Component Index rose 1.22%, and the ChiNext Index rose 1.47%. Sectors such as memory chips, semiconductors, and industrial motherboards were among the biggest gainers; real estate development, Internet e-commerce, and innovative drug sectors performed slowly.
Robot concept stocks were strong throughout the day. At the end, more than 10 stocks including Haozhi Electromechanical, Fengli Intelligent, and Greatoo Intelligent had reached their daily limit.
The semiconductor sector was among the biggest gainers. At the end, many stocks such as Yongsilicon Electronics, Kangqiang Electronics, and Jinhaitong were at the daily limit, and Huahai Chengke, Juchen Shares, etc. followed suit.
Real estate development sector adjustments. Finally, Zhongdi Investment fell more than 6%, and Wolong Real Estate, Huayuan Real Estate, Tieling New City and other stocks followed suit.
【Capital flow】
Wind data shows that money northward bought 7.108 billion yuan in net throughout the day, buying net for 2 consecutive days. Shanghai Stock Connect’s net purchase was 2.804 billion yuan, and Shenzhen Stock Connect’s net purchase was 4.304 billion yuan.
Major funds continued to see net inflows into electronics, computers, power equipment and other sectors at the end of the day, and net outflows from banking, transport, real estate and other sectors.
Looking specifically at individual stocks, OFILM, Beidou Star, and iFlytek received net inflows of 2.422 billion yuan, 893 million yuan, and 679 million yuan. In terms of net outflows, Zhidu Shares, Oriental Jiasheng, and Industrial and Commercial Bank of China were sold for 382 million yuan, 243 million yuan, and 206 million yuan respectively.
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CITIC Guarantees:The Ministry of Industry and Information Technology published the “Leading Opinion on the Innovation and Development of Humanoid Robots” The document states that humanoid robots are expected to become disruptive products after computers, smartphones, and new energy vehicles. It also explains the goals and time points for the development of humanoid robots. By 2025, “brain”, cerebellum, limbs” and other key technologies have achieved breakthroughs to ensure the safe and effective supply of core components. The complete machine products have reached the international advanced level and achieved mass production, and have demonstrated and applied in special services, manufacturing, livelihood and other scenarios; by 2027, the technological innovation capabilities of humanoid robots have been greatly improved, forming a safe and reliable industrial chain and supply chain system, and the system comprehensive strength has reached the world’s advanced level. We believe that the publication of the “Leading Opinion” has clarified the key technologies and development directions of the humanoid robot industry and will help promote the development of the industry. Subsequent significant support policies for humanoid robots are expected arrived one after another, promoting the development of domestic humanoid robot industry chain companies.development.We remain optimistic about the humanoid robot industry chain, and it is recommended to pay attention to the leading companies in the robot industry chain.
Tianfeng Guarantees:This week is a period of intensive disclosure of third quarter results, and most companies have performed better, Considering the stock price trend, the market has a clear response to the performance of power companies. It is expected that the fundamentals of the thermal power sector will continue to maintain an overall positive trend in the future On the cost side, the current coal price is still relatively low year on year. As coal prices enter the channel down again, thermal power performance is expected to continue to improve year on year; from the income side, the annual long-term electricity price in 2024 is expected to maintain a relatively high floating rate.
Huatai Guarantees:The third quarterly report of 2023 was revealed. According to statistics, although the external macro environment affected the computer industry in 23Q3, the overall revenue still maintained positive growth year on year / month on month. In addition, due to cost inflexibility and slow demand recovery in 23Q3, the short-term profit side of the computer sector remains under pressure. From the perspective of downstream demand, the downstream demand of the computer industry in 23Q3 is still in a state of weak recovery. In the future, as the macroeconomic improves, the computer industry is expected to go to into a call-up cycle, and net profit attributable to shareholders is expected to improve quarter by quarter. From the point of view of the direction of the industry, the five main lines of AI, digital economy, information innovation, new industrialization, and Huawei’s industry chain are expected to lead the improvement.
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