A-share Midday Review: ChiNext Index Slightly Down, Wind Power and Chemical Sectors Lead Gains

(Source: Sci-Tech 100 ETF Fund)

The three major A-share indices all declined slightly in the morning session. By midday, the Shanghai Composite Index fell 0.22%, the Shenzhen Component Index dropped 0.17%, the ChiNext Index decreased 0.03%, and the Beijing 50 Index declined 0.1%. The half-day trading volume for the Shanghai, Shenzhen, and Beijing markets was 1.5167 trillion yuan, down 904 million yuan from the previous day. Over 2,900 stocks in the market rose.

In terms of sectors and themes, stocks related to pesticides, fertilizers, batteries, wind power equipment, salt lake lithium extraction, tourism and hotels, coal mining and processing, real estate, small appliances, and grain concepts led the gains; precious metals, diversified finance, cloud computing, computing power leasing, power grid equipment, and high-speed copper cable connection concepts declined the most.

On the market, conflicts involving Iran disrupted the fertilizer sector, leading to a collective rise in pesticide and fertilizer stocks, with Chitianhua (600227), Lutianhua (000912), and Jizhengda (002470) hitting daily limit-ups. Green energy sectors like wind power and energy storage remained active, with Tianshun Wind Power (002531), Dajin Heavy Industry (002487), and Weili Transmission (300904) among the top gainers. The coal sector surged temporarily, with Huadian Energy (600726) hitting four consecutive limit-ups, and Zhengzhou Coal & Electric Power (600121) hitting two. Market speculation linked the US-Iran conflict to rising oil prices, which in turn spurred energy substitution effects. Additionally, sectors such as real estate, tourism, hotels, and steel experienced some unusual movements. Conversely, cloud computing and computing power leasing stocks mostly declined, with Meili Cloud (000815) hitting the limit down, and HanDe Information (300170) and Youkede following suit. Gold stocks also declined along with international gold prices overnight, with Zhaojin Gold (000506) and Xiaocheng Technology (300139) leading the decline.

Limit-up Ladder Rankings:

【5 consecutive limit-ups】 Zhongnan Culture (002445).

【4 consecutive limit-ups】 Huaneng Power.

【2 consecutive limit-ups】 Farsight (000890), Zhengzhou Coal & Electric Power, Luhua Technology (600691), Jinnuo Technology (600844).

Main capital inflow sectors:

NO.1 【Lithium Battery Concept】 net capital inflow of 6.557 billion yuan, with 6 stocks hitting limit-up and 335 stocks rising within the sector.

NO.2 【Solid-State Batteries】 net capital inflow of 5.71 billion yuan, with 1 stock hitting limit-up and 171 stocks rising.

NO.3 【Sodium-Ion Batteries】 net capital inflow of 4.002 billion yuan, with 2 stocks hitting limit-up and 86 stocks rising.

Hotspot Overview:

What’s hot in today’s market:

【Fertilizers】

Related stocks: Chuanjin Nuo (300505), Chitianhua, Lutianhua

According to CCTV International News, the Strait of Hormuz is a crucial global shipping route. After the US and Israel attacked Iran, international energy prices for oil and natural gas surged, and the fertilizer supply chain was also significantly impacted. The United Nations Conference on Trade and Development reported that shipping costs, including freight, fuel, and insurance, are rising, increasing overall transportation costs for the fertilizer supply chain. US agricultural experts warn that American farmers will also be severely affected and may need to adjust planting structures.

【Batteries】

Related stocks: Putailai (603659), Enjie (002812), Shantai Technology (001301)

Guojin Securities states that by 2026, the lithium battery industry will show a “spring off-season not dull” characteristic, with significant recovery in March, with month-on-month growth of 11%–22%. Upstream resources like lithium carbonate prices are leading the industry price rebound. The entire year is expected to see strengthened price increase expectations across the supply chain, with segments like separators and copper-aluminum foil having pricing elasticity; new technologies such as solid-state batteries, sodium batteries, and composite copper foil are entering key industrialization phases. It is recommended to focus on segments with price increase potential and leading companies in new solid-state battery technologies.

【Wind Power Equipment】

Related stocks: Tongyu Heavy Industry (300185), Tianneng Heavy Industry (300569), Weili Transmission

Since April 1, the UK has eliminated tariffs on 33 wind power component imports, reducing tariffs on blades, cables, and other core parts from 6% and 2% to 0%. This policy adjustment is part of the UK’s efforts to accelerate offshore wind projects in the North Sea and expand renewable energy capacity. Cinda Securities reports that the UK’s removal of wind component tariffs is likely to benefit domestic companies with cost and capacity advantages, especially in critical segments like tower shells and subsea cables, supporting the export logic of wind power equipment.