As of noon, the Shanghai Composite Index fell 0.09% to 3397.12 points, the Shenzhen Component Index rose 0.03%, the Chinext Price Index fell 0.12%, and the Micro Index fell 2.18%.
The major A-share indexes showed mixed performance in the morning session. By the lunch break, the Shanghai Composite Index fell by 0.09% to 3,397.12 points, the Shenzhen Component Index rose by 0.03%, the Chinext Price Index fell by 0.12%, the Northern Securities 50 Index dropped by 3.17%, and the Micro Stock Index decreased by 2.18%. The total trading volume in the All Market for the half day reached 836.4 billion yuan, down by 61.8 billion yuan compared to the previous day, with over 4,200 stocks closing in the red.
On the market, the computing power concept led the gains, with Dianguang Explosion-proof Technology achieving 7 consecutive boards. Zhongchen shares and Shanghai Anoky Group reached the daily limit, while a large series documentary "Cornerstone of a Great Nation" jointly produced by CCTV and the State-owned Assets Supervision and Administration Commission introduced the third episode "Computing Power Engine," mentioning that computing power equals national strength; AI glasses concepts strengthened, with Skyworth Digital achieving 3 boards in 5 days, Shenzhen Baoming Technology securing 2 boards in 3 days, and several technology companies set to release new AI glasses products early next year. Coal industrial concept stocks generally rose, with Anyuan Coal Industry Group achieving 3 consecutive boards and Shaanxi Coal Industry and Jinneng Holding Shanxi Coal Industry rising over 2%. Agriculture stocks generally fell, with Qiule Seed Industry, Kangnong Seed Industry, and Shennong Seed Industry all dropping over 5%; tourism concept stocks continued to decline, with Dalian Sunasia Tourism Holding falling over 8%, Xi’an Qujiang Cultural Tourism and Wuhan Sante Cableway Group down over 5%; sectors like beverage manufacturing, real estate, and pharmaceutical commerce were among those with significant declines.
The computing power concept led the gains, Dianguang Explosion-proof Technology achieved 7 consecutive boards.
Dianguang Explosion-proof Technology achieved 7 consecutive boards, Zhongchen shares and Shanghai Anoky Group reached the daily limit, Guangdong Qunxing Toys Joint-stock, INESA Intelligent Tech Inc. reached the daily limit, Guangdong Aofei Data Technology, Lianhua Holdings, and Parallel Technology followed in the rise.
In news, the office of the Shanghai Municipal Government issued the "Implementation Plan for AI 'Molding the City of Shanghai'," aiming to establish a world-class AI industry ecosystem by the end of 2025, striving for the city’s intelligent computing power scale to surpass 100 EFLOPS, forming around 50 notable industry open corpus demonstration application results, building 3 to 5 major model innovation acceleration incubators, and establishing several collaborative empowerment centers and vertical model training grounds.
Additionally, on December 28 at 18:20, the large-scale series documentary "Pillars of a Great Nation" produced jointly by the China Media Group and the State-owned Assets Supervision and Administration Commission was released, featuring the third episode "Computing Power Engine." Computing power is a nation's strength; it is a new productive force in the digital economy era. As of the end of 2023, China's total computing power ranks second in the world. In China, computing power is burgeoning, enabling unprecedented developments.
The AI glasses concept is gaining strength, and Skyworth Digital has seen a rise of three times in five days.
Skyworth Digital has seen a rise of three times in five days, Shenzhen Baoming Technology has risen twice in three days, Sharetronic Data Technology, Netac Technology, and Thunder Technology have all risen over 5%, while Zhong Fu Tong Group, Zhejiang Crystal-optech, and ZTE have also followed with increases.
On the news front, from January 7 to 10, 2025, the International Consumer Electronics Show (CES 2025) will be held in Las Vegas, marking a significant event in the consumer electronics industry. Kingnet Network's strategically invested companies, such as Lexiang Technology (DPVR) and Thunder Technology, will release new AI glasses.
Coal stocks are broadly up, with Anyuan Coal Industry Group experiencing a surge for three consecutive days.
Anyuan Coal Industry Group has hit the limit rise for three consecutive days, while Shaanxi Coal Industry, China Coal Xinji Energy, and Jinneng Holding Shanxi Coal Industry are up 2%, and China Coal Energy, China Shenhua Energy, and Huaibei Mining Holdings have all increased by more than 1%.
According to the latest research reports from Sealand, it is anticipated that under improved supply and demand conditions, coal prices are expected to stabilize and rebound. From a broader perspective, the investment logic in the industry remains unchanged, and it is expected that in the coming years, the coal industry will maintain a tight balance state. The coal industry's asset quality is high, with abundant cash flow on the books, and listed coal companies continue to exhibit the five high characteristics of "high profitability, high cash flow, high barriers, high dividends, and high safety margins." It is recommended to grasp the value attributes of the low-priced coal sector, maintaining a "recommendation" rating for the Coal Mining industry.
Agriculture shares generally fell, with Qiule Seed Industry dropping over 5%.
Qiule Seed Industry, Fujian Yongan Forestry, Kangnong Seed Industry, Shennong Seed Industry, and Zhongnongfa Seed Industry all fell over 5%, with Shanghai Xuerong Bio-Technology and Xinjiang Sayram Modern Agriculture experiencing significant declines.
