By the noon closing, the Shanghai Composite Index rose by 0.79%, the Shenzhen Component Index rose by 0.59%, and the Chinext Price Index rose by 0.25%.
In the morning session, the three major A-share indexes opened low and rose, with the Shanghai Composite Index up 0.79% at the midday close, the Shenzhen Component Index up 0.59%, and the ChiNext Price Index up 0.25%. The total turnover of the entire market in the morning was 1154.6 billion yuan, a decrease of 67.1 billion yuan from the previous day, with over 3400 individual stocks rising.
On the market, the wind power equipment sector remained active, with Haili Wind Power, Riyue Heavy Industry, and Titan Wind Energy all hitting the limit up; defense stocks continued to strengthen, with Guangzhou Hangxin Aviation Technology, Jiangxi Hongdu Aviation Industry, China Marine Information Electronics, among others, all limit up. Institutions focused on defense mergers and acquisitions have again entered an active phase; auto stocks continued to rise, with Chongqing Sokon Industry Group Stock, Lifan Technology, and Zotye Automobile limit up; Hongmeng concept stocks were repeatedly active, with Shanghai Yanhua Smartech Group, Genimous Technology, among others limit up, as Huawei's native Hongmeng operating system was officially released; low-altitude economy, insurance, and other sectors led the gains. High-priced stocks declined, Hainan Shuangcheng Pharmaceuticals, Xingmin Intelligent Transportation Systems hit the limit down, and Shenzhen Huaqiang Industry briefly touched the limit down; the AI application sector collectively adjusted, with short drama games and media leading the decline, Zhejiang Huace Film & TV, Shanghai Xinhua Media falling by over 6%.
The wind power equipment sector remained active, with Haili Wind Power up by the limit of 20%.
Haili Wind Power surged by the limit of 20%, with Riyue Heavy Industry, Titan Wind Energy also hitting the limit up, Jinlei Technology, Shanghai Taisheng Wind Power rose by over 10%, Shandong Shuangyi Technology, Jiangsu Zhenjiang New Energy Equipment, Hongde Heavy Industry, Dajin Heavy Industry, and others followed the uptrend. On the news front, according to the "2024 Global Wind Energy Report" released by the Global Wind Energy Council (GWEC), thanks to technological advancements and business model innovations, the wind energy industry is rapidly developing. In 2023, the global newly added wind power installation capacity reached 117GW, a year-on-year increase of 50%; it is estimated that the global newly added installed capacity will reach 131GW in 2024, with a future 5-year CAGR of 9.4%.
Defense stocks continued to strengthen, with Jiangxi Hongdu Aviation Industry, among others, limit up.
Guangzhou Hangxin Aviation Technology, Jiangxi Hongdu Aviation Industry, AECC Aero Science and Technology, Kuang-chi Technologies, China Marine Information Electronics hit the limit up, with Zhong-Wu Drone, Beijing Highlander Digital Technology, Xi'an Triangle Defense, Guomai Technologies, Inc. and other rising more than 10%. Huaxi's research report pointed out that the military industry mergers and acquisitions have once again entered an active period; after nearly 2 years of industry adjustments, the military sector is now at a historical low, recommending attention to the issuance pace of fourth-quarter military orders.
Automotive stocks continue to rise, Chongqing Sokon Industry Group Stock hits the limit up.
Chongqing Sokon Industry Group Stock, Lifan Technology, Zotye Automobile hit the limit up, BAIC Bluepark New Energy Technology rose more than 5%, Haima Automobile, Anhui Ankai Automobile, Jiangling Motors Corporation, and others followed the uptrend. On the news front, on October 22, at the Huawei Developer Conference, Huawei announced that the first Hongmeng HarmonyOS cockpit car will be released at the end of the year. The new HarmonyOS smart cockpit adopts a simple and efficient UI design, with ecological sharing. Yu Chengdong revealed in his speech that the new generation of luxury mid-size SUV to be released by Chongqing Sokon at the end of this year or early next year will be equipped with a HarmonyOS-based smart cockpit. Huawei hopes to exceed other manufacturers globally in user experience of smart cockpit through Hongmeng system.
Recently, China Association of Automobile Manufacturers announced that in September 2024, China's new energy vehicle sales reached 1.287 million vehicles, an increase of 42.3% year-on-year, an increase of 17.0% month-on-month, and a penetration rate of 45.8%; new energy vehicles exports reached 0.111 million vehicles, an increase of 15.6% year-on-year, and an increase of 0.9% month-on-month; from January to September 2024, China's new energy vehicle sales reached 8.32 million vehicles, an increase of 32.5% year-on-year.
Hongmeng concept stocks strengthened, Skyworth Digital and other stocks hit the limit up.
Shanghai Yanhua Smartech Group, Genimous Technology, Jiahuan Technology, Dongguan Huali Industries all closed at the limit up, Guomai Technologies, Inc., Beijing Highlander Digital Technology, Skyworth Digital, and others rose more than 5%. On the news front, on October 22, Huawei officially released the all-new native HarmonyOS operating system HarmonyOS NEXT, the largest upgrade in HarmonyOS history. It is reported that as of now, HarmonyOS has more than 0.11 billion lines of code, ranking second in the Chinese market share. Brand awareness and developer numbers have increased significantly, with over 15,000 HarmonyOS native applications and meta-services on the shelves, some native applications iterating at a speed of almost one version per day. The HarmonyOS ecosystem has exceeded 1 billion devices, marking a historic breakthrough.
