A-Share Review: Three Major Indices Reach New Highs, Shanghai Composite Rises Nearly 1%, ChiNext Index Up Over 2%! Liquid Cooling Concept Strong! More Than 4600 Stocks Rise; Trading Volume Shrinks by 334 Billion; Institutions' Interpretations

On August 15, the three major stock indices collectively rose, with the Shanghai Composite rising nearly 1% and the ChiNext Index up over 2%. In terms of sectors, PEEK materials led the charge, with Jin Tian Group and Lian Hong New Material both hitting their daily highs. Brokerage stocks also rallied in the afternoon, with Changjiang Securities and Tianfeng Securities closing at their highs. The liquid cooling server sector was strong, with Chuan Hua Technology and Oulu Tong Co. both reaching their daily highs; Doyang Light and Dayou Pumping Industry were trading higher during the day. On the downside, banking stocks were weak, with China Merchants Bank and Minsheng Bank both falling sharply. Military-related sectors underwent partial adjustments, with Hunan Tianyan leading the decline. As a whole, individual stocks showed a strong upward trend, with over 4600 stocks rising. As of the close, the Shanghai Composite was reported at 3696.77 points, up 0.83%. The Shenzhen Component Index was reported at 11634.67 points, up 1.60%. The ChiNext Index was reported at 2534.22 points, up 2.61%. On the market front, PEEK materials, other power equipment, and science and technology next-new-concept stocks led the charge, with military recombination concept stocks falling sharply. Hot sectors: 1. Liquid Cooling Servers Liu Tong Technology, Chuan Hua Technology, Oulu Tong Co., and Run Wei Materials all rose strongly. According to IDC reports, the Chinese liquid cooling server market is expected to grow at a compound annual growth rate of 46.8% from 2024 to 2029, with the market size exceeding $162 billion in 2029, driving industry sentiment upwards. Meanwhile, Zhejiang Securities estimates that the liquid cooling market will reach RMB354 billion, RMB716 billion, and RMB1082 billion in 2025-2027, respectively, driven by accelerated smartification of infrastructure. 2. PEEK Materials Double One Technology, Jin Tian Group, Lian Hong New Material, and Huitong Shares all rose strongly. According to recent reports, the World Robot Conference (15th-17th August) will be held in Beijing, adding to the good news from the policy side. PEEK, known as "the pinnacle of plastic," has a density only one-third that of aluminum alloy, with strengths comparable to steel, and is also self-lubricating, fatigue-resistant, and has high temperature resistance, making it an ideal substitute material for metal in robotics, new energy vehicles, aerospace, and other fields. As Tesla's Optimus robot approaches mass production, the demand for lightweight materials will continue to rise. Market News: 1. [China Petroleum's Thousand-Billion-Meter Deep Gas Field Discovery] According to reports from China Petroleum Southwest Oil Bureau, the company has made a significant breakthrough in its "Deep Engineering·Sichuan-Yunnan Natural Gas Base" project, with an additional 1245.88 billion cubic meters of geological reserves discovered and approved by the National Resources Department. 2. [Institution: Third Quarter Smartphone Panel Market to Maintain High Output Rate] CINNO Research released its August smartphone panel market report, indicating that the third quarter will maintain a high output rate as traditional peak season for smartphones approaches. Among them, a-Si panel brands continue to be in high demand, but module prices have dropped slightly; LTPS production lines benefit from strong demand from non-smartphone sectors, maintaining high levels of operation. 3. [Hong Kong Securities and Futures Commission Clarifies Standards for Virtual Asset Trading Platforms] The Hong Kong Securities and Futures Commission today issued a circular to all licensed virtual asset trading platforms, clarifying its requirements for secure custody of customer virtual assets in accordance with the ASPIRe roadmap. Institutional View: Guotai Junan Securities believes that A-shares have already had the conditions to start an overall slow bull market. Firstly, China's economic and profit fundamentals continue to recover; secondly, dividend scales and rates continue to rise; thirdly, liquidity remains wide. The main driver of structural slow growth is the economy's weak recovery, policy support, and liquidity expansion. Guoan Securities suggests focusing on three major lines: firstly, strong stocks with high elasticity in growth technology, mainly including AI, computing power, robots, and military-related sectors; secondly, sectors that have good earnings and are expected to continue their upward trend; thirdly, sectors driven by structural policy surprises, such as service consumption and real estate. Source: Sina News