A-share indices rise across the board, ChiNext Index surges over 2%, storage chip and CPO concept stocks surge

The three major A-share indices all rose collectively today. By the close, the Shanghai Composite Index increased by 0.32%, closing at 4,062.98 points; the Shenzhen Component Index rose by 1.05%, closing at 14,187.80 points; and the ChiNext Index gained 2.02%, closing at 3,346.37 points. The combined trading volume of the Shanghai, Shenzhen, and Beijing markets was 2.06 trillion yuan, a decrease of 163.5 billion yuan compared to yesterday.

Industry sectors mostly gained, with communication services, components, communication equipment, semiconductors, optical and optoelectronic, software development, computer equipment, power grid equipment, and consumer electronics leading the gains. Liquor, energy metals, and petrochemical sectors saw the largest declines.

In individual stocks, over 3,500 stocks rose, with 70 hitting the daily limit. Storage chip concept stocks surged, with Tongyou Technology, Shenke Da, and Xice Testing hitting the limit up, along with Guanghe Technology, China Electronics Port, and Chengbang Shares. CPO concept stocks also strengthened, with Zhongbei Communications, Kechuan Technology, and Reiskonda hitting the limit.

Industry Capital Flows: Net Inflow of 7.965 Billion Yuan into Communication Equipment

As of the close, the sectors with the highest net inflows included communication equipment, semiconductors, and IT services, with communication equipment leading at 7.965 billion yuan.

On the outflow side, batteries, industrial metals, and photovoltaic equipment experienced the largest net outflows, with batteries alone losing 4.116 billion yuan.

Today’s Highlights

84% Surge in Production! Energy Storage Sector Continues to Boil, 12 Concept Stocks Attract Fund Attention

With rapid industry development, energy storage concept stocks continue to attract institutional interest. Data shows that this year, 12 stocks have been surveyed by fund companies, with Tianci Materials, Zhongwei New Materials, and Haopeng Technology leading, surveyed by 35, 16, and 9 fund firms respectively.

Jensen Huang Confirms: Company Confident in Surpassing $1 Trillion in Revenue Next Year

NVIDIA founder and CEO Jensen Huang recently stated that the previously mentioned goal of $1 trillion in annual sales for AI acceleration chips does not include the company’s other product lines.

Middle East Tensions Drive Sulfur Prices Up Over 70%, Titanium Dioxide Industry Raises Prices Twice This Month

On March 16, Longbai Group (002601) announced a price increase for its snow lotus titanium dioxide products, with domestic prices up by 500 yuan/ton and international prices up by 100 USD/ton. Soon after, Huayun Titanium, Kunming Donghao, and Shandong Xianghai and other companies quickly followed suit, with uniform price increases. This marks the second round of collective price hikes within the industry this month, following a joint price increase by over twenty titanium dioxide companies at the end of February and early March.

Don’t Be Misled: Anxiety Over the Strait of Hormuz Can Be Laid to Rest

Recently, attacks by the US and Israel on Iran have sparked fears of war, leading to excessive concern over the “throat effect” of the Strait of Hormuz. Some public opinion has fueled panic about a serious shortage of Chinese oil supplies. Based on official data and objective analysis, this anxiety lacks factual basis. The recent attacks are unlikely to cause substantial short-term disruptions to China’s oil supply.

Institutional Views

Huaxi Securities: Growing AI Power Consumption Drives Rapid Demand for AI Agents

Huaxi Securities notes that driven by the AI industry, computing power is expanding rapidly. Although currently China’s data centers’ electricity consumption accounts for a small share of total social electricity use, this proportion is increasing quickly and is within the support capacity of the power system. Policies are expected to further support green energy to meet growing computing demands. With the popularity of the OpenClaw project, demand for AI Agents is expected to explode, and the increase in token numbers could further boost computing power needs, thereby increasing electricity demand.

Hua Tai Securities: Continuous Optimization in Petrochemical Supply Expected to Boost Industry Prosperity by 2026

Hua Tai Securities states that as of late February, the CCPI raw material price spread was 2,470, the lowest since 2012. With corporate capital expenditure gradually decreasing, supply in the petrochemical industry is expected to improve. Price hikes in February were mainly driven by tight supply and strong willingness from leading companies to raise prices. The industry’s profitability has bottomed out in recent years, and under policies promoting “anti-involution,” supply-side adjustments are expected to accelerate, potentially improving margins for bulk chemicals. Long-term, as high-energy-consuming plants in Europe and America exit and demand from emerging markets in Asia, Africa, and Latin America grows, exports will become a key growth engine for the domestic chemical industry. Since June 2025, industry capital expenditure growth has been declining, but supply-side improvements suggest industry prosperity could rise in 2026.

CITIC Securities: 2026 Will Be a Key Year for the Turning Point in Consumer Industry Prosperity

CITIC Securities’ research report indicates that the current consumer market is at a critical window of weak recovery and policy expectations. Based on marginal macroeconomic improvements and high-frequency micro data, 2026 is expected to be the year when the consumer industry’s turning point is established. Due to the still-weak macro environment, the self-repair of consumer prosperity will take time. In the short term, opportunities related to fiscal stimulus policies should be monitored. We recommend a balanced approach to consumer investment—building a resilient base with high-dividend assets and seeking growth through consumption sectors like services and catering, which could benefit from policy flexibility and wealth effects; meanwhile, maintaining defensive positions with high-dividend assets. Long-term, attention should be paid to changes in consumption structure.

Guotou Securities: Domestic Computing Power Industry Enters a New Stage

Driven by external pressures and internal demand, China’s domestic computing power industry has moved from early breakthroughs to a new stage characterized by “independent technological systems, full-stack ecological capabilities, and verified commercial cycles.” Looking ahead to 2026, domestic infrastructure for computing power is expected to be deployed at scale in key sectors such as government, finance, internet, and intelligent manufacturing, creating a strategic opportunity to shift from technological independence to industry leadership.