On January 9, the main indices of the A-share market showed mixed results. The Shanghai Composite Index fell by 0.58% to 3,211 points, the Shenzhen Component Index rose by 0.32%, and the ChiNext Price Index increased by 0.11%. The total transaction volume for the day was 1.13 trillion yuan, a decrease of 128.1 billion yuan compared to the previous trading day, with over 2,700 stocks in the All Market rising.

In the market, technology giants are increasing investments in Datacenter, driving the PCB Industry towards a bullish trend. The PCB sector and electronic components experienced a surge, hitting the daily limit. The humanoid robot sector also saw gains, with stocks like Shenzhen Zhaowei Machinery & Electronics reaching the limit. The Internet E-commerce sector rose, and Kai Chun Co., Ltd. hit the daily limit with a 20% increase. The Rare Earth Permanent Magnets sector was strong, with Jiuling Technology rising over 12%. Active sectors included liquid-cooled servers, Military Industry equipment, AI PCs, commercial aerospace, and new energy vehicles.

Additionally, the Shipping Port sector declined, with COSCO SHIP ENGY dropping over 5%. The Oil & Gas extraction and services sector remained sluggish, with Zhongman Petroleum And Natural Gas Group Corp.,Ltd. falling more than 4%. The flu sector weakened, with Shandong Lukang Pharmaceutical hitting the daily limit downwards. Sectors such as weight loss drugs, Banks, Insurance, and Electrical Utilities also saw significant declines.

Specifically:

The PCB sector exploded, with Chengdu Galaxy Magnets soaring nearly 30%. Companies like Ding Tai Gao Ke, Yibo Technology, Yihao New Material, and Qiangda Circuit all reached the daily limit of 20%. Epoxy Base Electronic Material Corporation, Changzhou Aohong Electronics, and Jiangsu Xiehe Electronic also followed suit.

In terms of news, technology giants are increasingly investing in Datacenters, boosting the PCB industry's continuous growth. Amazon's cloud computing division AWS plans to invest at least 11 billion dollars in Georgia to expand its infrastructure and support various Cloud Computing and AI technologies. Microsoft also stated that AI Datacenter spending will reach 80 billion dollars in the 2025 fiscal year.

The humanoid Robot Concept is once again active, with Zhaomin Technology and Yibo Technology hitting their daily limit up of 20cm, while Zhenyu Technology, JunChuang Technology, Zhejiang Sanhua Intelligent Controls, Zhejiang XCC Group, Shenzhen Zhaowei Machinery & Electronics, and others also saw gains.

According to news, on January 7 local time, Musk revealed during a live broadcast that an update for Optimus (the humanoid Robot) could be coming in a few weeks. Reports indicate that the second-generation Optimus is expected to start mass production at the Texas factory in 4Q25. Additionally, Huang Renxun stated at CES 2025 that the era of humanoid robots is approaching, and AI Agent could be the next industry in Robotics, representing a potential opportunity worth trillions of dollars.

The Internet E-commerce sector is on the rise, with Kaichun Co. hitting its daily limit up of 20CM, while Global Top E-Commerce, Beijing United Information Technology, Lionhead Technology Development, Guangdong SACA Precision Manufacturing, Saiwei Era, Focus Technology, and others are also following suit.

In the news, following WeChat's launch of the gift feature, Taobao has also introduced the 'send gift' function. Taobao customer service stated that this feature is now live, and some orders on the platform currently support WeChat payment.

The Rare Earth Permanent Magnets sector is strong, with Jiuling Technology rising over 12%, while Innuovo Technology, Xici Technology, Benlang New Materials, Yinsite, Chengdu Galaxy Magnets, Guangdong Orient Zirconic ind sci & tech, and others also saw increases.

In terms of news, the Guangzhou Institute of Geochemistry of the Chinese Academy of Sciences has made new progress in rare earth electric-driven mining technology, overcoming technical bottlenecks in large-scale applications, resulting in a recovery rate of more than 95% for rare earths, an 80% reduction in the amount of leaching agents used, a 70% reduction in mining time, a 60% saving in required electrical energy, and a 95% reduction in ammonia nitrogen emissions into the environment, demonstrating potential economic feasibility.

The new energy vehicles have triggered a surge in stocks, with companies like Zhe Jiang Kangsheng, SuZhou ChunXing Precision Mechanical, and others hitting the daily limit.

On January 8, news broke that the National Development and Reform Commission and the Ministry of Finance issued a notice on the implementation of large-scale equipment updates and the replacement of old consumer goods by 2025. It proposed to expand the scope of support for scrapping and updating cars, including qualified national IV emission standard RBOB Gasoline passenger vehicles in the old vehicles eligible for scrapping and updating subsidies.

The shipping port sector fell, with COSCO SHIP ENGY dropping over 5%, and Qingdao Port International, Tangshan Port Group, COSCO Shipping Holdings, China Merchants Energy Shipping, and Cosco Shipping Specialized Carriers all hitting the daily limit.

Shenwan Hongyuan Futures pointed out that in previous years, the peak of freight rates at the beginning of the year usually occurs in the first two weeks of January, followed by a seasonal adjustment of freight rates, with the adjustment rhythm depending on cargo volume and the negotiations between shipping companies.

The Oil & Gas extraction and service sector is sluggish, Zhongman Petroleum has dropped over 4%, with China Oilfield Services, CNOOC Energy Technology & Services, Offshore Oil Engineering, and China Petroleum Engineering Corporation also declining.

On the news front, on Wednesday, the WTI crude oil futures settlement price was reported at $73.32 per barrel, down 93 cents, a decrease of 1.25%. The Brent crude oil futures settlement price was reported at $76.16 per barrel, down 89 cents, a decrease of 1.16%.

Stock movements:

Zhejiang Juhua increased over 3%, reported at 25.16 yuan, with a total market value of 67.926 billion yuan.

According to a research report by Donghai Securities, the quota for second-generation refrigerants will be reduced in 2025, while the total production quota for third-generation refrigerants will remain at the baseline value. Considering the strong demand in the air conditioning market, the quota for third-generation refrigerants will slightly increase compared to 2024. In light of the demand from new installations and the maintenance market, the supply and demand relationship for third-generation refrigerants will still be tightening. It is recommended to focus on leading companies in the refrigerant industry and those with a well-established Industry Chain in fluorochemical production, such as Zhejiang Juhua and Zhejiang Sanmei Chemical Industry.

Looking ahead, Hualong Securities stated that medium to long-term configuration opportunities in the market are gradually emerging. Recently, the market has undergone continuous adjustments, risk appetite has dropped, and trading volume has significantly decreased compared to before, with an increase in risk aversion, reflected in funds tending to allocate to dividend and heavyweight sectors, with the bond market clearly outperforming the stock market. However, after continuous adjustments in the market, the risk premium indicates that the market has entered the opportunity range for configuration. Despite facing some disturbances in the short term, medium to long-term configuration opportunities are gradually appearing, while the manufacturing PMI remains in the expansion range, signaling ongoing prosperity, and the economic fundamentals are in a recovery trend, which will stabilize market expectations.