A-share review | GEM index rose 1.12%, leading the collective strengthening of CPO and rare earth concepts

The Zhitong Finance App learned that on August 14, the three major A-share indices collectively closed higher and the trend diverged, with the GEM index leading the way. At the close, the Shanghai Stock Exchange Index rose 0.01% to 3927.18 points, the Shenzhen Stock Exchange Index rose 0.45% to 14354.31 points, the GEM index rose 1.12% to 3626.30 points, the Science and Technology Innovation 50 Index basically flat at 1717.68 points, and the Beijing Stock Exchange 50 Index fell 0.94% to 1087.52 points. The turnover of the Shanghai and Shenzhen markets was 2142,843 billion yuan, down about 408.1 billion yuan from the previous trading day. 2,400 stocks rose and 2,970 stocks fell in the entire market, rising and stopping 64 and falling 10. The profit effect was about 43%. In terms of sectors, sectors such as communications equipment, glass and glass fiber, electronic chemicals, small metals, non-metallic materials, and games registered the highest gains; sectors such as electricity, film and television, real estate, securities, liquor, and pharmaceuticals registered the highest declines.

driving factors

1. Zhongji Xuchuang plans to acquire 10.47% of Zhongshi Technology's shares for 1,747 billion yuan. In addition, the first national standard for liquid cooling for data centers was approved. The CPO and liquid cooling direction were strengthened, and the communication equipment sector led the way.

2. The industry chain reported that the Nvidia Feynman platform had been laid out ahead of schedule and was equipped with customized HBM and CPO. In addition, SMIC management claimed that Chinese Internet companies' hardware investment had exceeded expectations, that chips supporting computing power were in short supply, and that the direction of optical communication and optical chips was strengthening.

3. China's rare earth export controls have entered the actual enforcement stage. In July, rare earth exports fell 17% month-on-month to a four-month low, and the average export price doubled year on year. Combined with rising rare earth prices such as praseodymium oxide, the rare earth permanent magnet and small metal sectors strengthened.

4. Honghe Technology's net profit increased 334% year on year, and orders were ranked until 2027. Combined with South Asia's increase in the price of copper foil substrates, the electronic cloth and glass fiber sectors continued to be strong.

5. The turnover of the two markets shrunk to 2.14 trillion yuan. The Shanghai Index and the Science and Innovation 50 have almost settled, and the GEM Index has led the way. The index trend is clearly divided.

Popular sector aspects

1. [CPO/Optical Communications] The communications equipment sector rose 3.63%, Allied, Zhongshi Technology, and Fuxin Technology rose and stopped 20CM, and Hengtong Optoelectronics and Cambridge Technology. According to the news, Zhongjixu plans to acquire 10.47% of Zhongshi Technology's shares for 1,747 billion yuan, compounding the industry chain rumors that the first national standard for liquid cooling for data centers was approved and the Nvidia Feynman platform was laid out ahead of schedule, and the CPO and cooling direction are collectively strengthening.

2. [Rare Earth Permanent Magnets/Small Metals] The small metal sector rose 3.04%, China's rare earths, Jintian shares, and Huahong Technology rose and stopped, and Northern rare earths rose 4%. According to the news, rare earth export control has entered the actual enforcement stage. In July, export volume fell 17% month-on-month to a four-month low, and the average export price doubled year on year. Combined with expectations of preparation for the Golden, Jiu, and Silver peak seasons, the value of the rare earth industry chain was revalued.

3. [Glass fiber/electronic cloth] The glass glass fiber sector rose 4.31%, Sinoma Technology rose 7.48%, and China Jushi rose 5.94%. According to the news, Honghe Technology reported a 334% year-on-year increase in net profit, and orders were scheduled to reach 2027. Combined with South Asia's increase in copper foil substrate prices, demand for AI computing power continued to push up the price of electronic cloth.

Adjust the section

Sectors such as electricity, film and television, real estate, liquor, and pharmaceuticals had the highest declines. Meiyan Jixiang and Huayin Electric Power stopped or were close to falling, and the development of Beijing Investment reached a standstill. The above directions all showed significant gains in the previous period. The decline on the same day was the highest, and the market showed clear sector rotation.