600396, 9 consecutive limit-ups! Two major sectors are actively thriving against the trend!

Two major sectors are performing actively.

The A-share market experienced a general correction this morning (March 26), with major indices falling to varying degrees, but the declines were generally small. In the market, the lithium mining concept sector and the electricity sector performed actively, becoming one of the main highlights of the morning A-share market.

The Hong Kong stock market also saw a correction this morning, with the Hang Seng Index briefly falling below the 25,000-point mark during trading. Among Hang Seng Tech Index components, Kingsoft Software surged, with an intraday increase of over 9%.

A-shares Correct, Two Major Sectors Active

The A-share market experienced a correction this morning, with major indices falling to varying degrees, but the declines were generally small. By the close of the morning session, the Shanghai Composite Index fell 0.58%, the Shenzhen Component Index dropped 0.38%, the ChiNext Index declined 0.07%, and the STAR Market Composite Index decreased 0.96%.

In terms of main industry sectors and tracks, the non-bank financial sector led the decline, with a drop of over 2% during the session. Ruidai Futures fell nearly 6%, China Life Insurance declined over 5%, Aijian Group, Lakala, New China Insurance, and China Oil Capital all fell more than 3%, while Oriental Fortune and Ping An Insurance declined over 2%.

Environmental protection stocks also fell sharply, with the sector dropping nearly 2%. Snow浪 Environmental declined 12.01%, Strait Environmental hit the limit down, and Sihang Environmental and Farsun fell more than 8%.

Computer, defense and military, and construction decoration sectors also saw significant declines.

Additionally, the electricity sector performed actively, with Huadian LiaoNeng (600396) hitting the daily limit-up for nine consecutive trading days. Other stocks such as Huitian Thermal Power, Guangxi Energy, Jingyuntong, and Shennan Electric A also hit the limit-up, nearly 10 stocks in total.

In concept sectors, the lithium mining sector surged, with Rongjie Co., Ltd. hitting the daily limit-up again, marking the third consecutive trading day of intraday limit-ups for this stock.

Rongjie Co. issued an announcement last night regarding abnormal stock trading fluctuations, confirming that the board of directors has no undisclosed matters that should be disclosed under the Shenzhen Stock Exchange Listing Rules or related regulations, nor any related planning, negotiations, intentions, or agreements. The board also has no knowledge of any undisclosed information that could significantly impact the stock price or derivatives trading. The previously disclosed information does not require correction or supplementation.

Among other lithium concept stocks, Zhongkuang Resources and Shengxin Lithium Energy rose over 6%, Fulin Precision and Guocheng Mining gained over 5%.

Composite copper foil, fluorine concept, and other sectors also performed well this morning.

Hong Kong Market Overall Declines

The Hong Kong stock market also experienced a correction this morning, with the Hang Seng Index briefly falling below the 25,000-point mark during trading, with a decline of over 1% during the session.

Among Hang Seng Index components, Kuaishou-W led the decline, dropping over 13% during trading. Kuaishou released its earnings report last night, showing that in 2025, total revenue reached 142.8 billion yuan, up 12.5% year-over-year; adjusted net profit was 20.6 billion yuan, up 16.5%.

Bubble Mart’s stock price continued to decline, with a drop of over 10% intraday, after closing down more than 20% in the previous trading day.

The March 25 financial report showed that in 2025, Bubble Mart achieved revenue of 37.12 billion yuan, up 184.7% year-over-year, with an adjusted net profit of 13.08 billion yuan, up 284.5%.

The Hang Seng Tech Index declined, with a drop of over 2% during the session.

Among Hang Seng Tech Index components, Kingsoft Software surged, with an intraday increase of over 9%.

Kingsoft Software released its earnings last night, reporting revenue of 9.683 billion yuan in 2025, a 6% decrease from the previous year. Revenue from office software and services and online games and others accounted for 61% and 39% of the group’s total revenue in 2025, respectively.

Kingsoft stated that revenue from office software and services in 2025 was 5.929 billion yuan, up 16% year-over-year. Key business segments grew at different rates. The steady growth of WPS Personal Business is driven by the increasing number of paid users, supported by upgrades through WPS AI, expanding office application scenarios and enhancing smart office experiences. The significant growth of WPS 365 mainly reflects deeper integration of document, AI, and collaboration capabilities, as well as accelerated customer expansion among private enterprises and local state-owned enterprises. Growth in WPS software business was mainly driven by increased government and enterprise orders. Due to these factors, the parent company’s attributable profit in 2025 was 2.004 billion yuan, up from 1.552 billion yuan last year.

Proofreading: Liu Rongzhi