Today, large-cap blue-chip stocks collectively adjusted, with the Shanghai Composite Index opening low and falling to a new low in over half a year. In contrast, small-cap growth stocks showed strength across the board, with the Shenzhen Component Index, ChiNext Index, and STAR 50 all rebounding from their lows. Over 4,000 stocks in the two markets rose, with trading volume increasing to 609.9 billion yuan, setting a new recent high.

In terms of sectors, consumer electronics, photovoltaics, energy storage, and warehousing logistics led the gains, while banking, oil, construction, and utilities were at the forefront of the declines.

Real-time monitoring data from Wind Information shows that the electronics and electrical equipment industries both saw net inflows of over 5 billion yuan from main funds, with the food and beverage sector receiving over 2.3 billion yuan in net inflows. The pharmaceutical and biotechnology, computer, and non-ferrous metals sectors also saw net inflows of over 1 billion yuan each. The banking sector experienced a net outflow of over 3.2 billion yuan, with public utilities seeing a net outflow of over 1 billion yuan, and construction decoration and petroleum and petrochemicals also experiencing net outflows of over 100 million yuan.

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Looking ahead, Dongguan Securities stated that as the disclosure of all mid-year reports ends this week, some of the uncertainties in the market are about to disappear, and the market is expected to enter the traditional golden period of September and October, with hopes of a turnaround. Against the backdrop of steady progress in high-quality development, although the market may experience short-term fluctuations and consolidation, a relatively optimistic view should be taken for the medium to long term. Attention should be paid to the support of moving averages and changes in trading volume. In terms of sector selection, it is recommended to focus on banking, home appliances, semiconductors, electrical equipment, and TMT sectors.

Tianfeng Securities pointed out the importance of seizing opportunities during periods of increased volatility and large fluctuations in consumption. The A-share market since August has shown a high sensitivity to expectations of domestic demand policies, with domestic demand-related consumption sectors relatively outperforming those related to export chains. Patience is needed for long-term style shifts, and high dividend assets with monopolistic and scarce characteristics are expected to undergo value reassessment.

In terms of hot spots, consumer electronics have once again triggered a wave of limit-up stocks today, with the folding screen concept leading the way. The sector index surged by 4.26%, setting a historical high. Companies like Smart Power and Changxin Technology have seen 20% limit-up rises, with multiple stocks like Zhongjing Electronics also hitting the daily limit or rising by more than 10%.

In terms of news, ahead of Huawei, a promotional video for a triple-folding screen phone has recently circulated online, which is the Tecno Phantom Ultimate 2 under Transsion Holdings. It is reported that the Tecno Phantom Ultimate 2 features a dual-hinge design, with a size of 6.48 inches when folded, comparable to traditional straight phones, and a screen size of 10 inches when unfolded, rivaling tablet computers.

Everbright Securities believes that as the core technical pain points of folding screens are gradually resolved and market acceptance continues to increase, the pace of new product launches will further accelerate. Hinges and UTG glass displays are the core incremental components for folding screen phones, especially with higher technical standards required for triple-fold screens, and it is worth focusing on domestic core suppliers of hinges and UTG glass.

The new energy concept also showed strength across the board, with photovoltaics and energy storage sectors triggering a wave of limit-up stocks. In the photovoltaic sector, companies like Kuai Ke Electronics and Junda Shares have seen 20% limit-up rises, with more than 10 stocks hitting the daily limit; in the energy storage sector, companies like Penghui Energy and Find Technology have also seen more than 10 stocks hitting the daily limit.

Lithium battery, charging pile, new energy vehicles, and smart grid sectors also showed strong upward momentum, with a batch of stocks like Baoxin Technology, Mu Bang High-tech, and Junda Shares hitting the daily limit.The top 10 ETFs with the highest gains are all related to new energy, with the Energy Storage Battery ETF leading the gainers with a 4.34% increase, followed closely by the Photovoltaic (PV) Leader ETF and the Photovoltaic ETF Fund, both of which rose by more than 4%.

Today, the State Council Information Office held a press conference where the relevant person in charge of the National Energy Administration introduced that, as of the end of July 2024, the combined installed capacity of wind and photovoltaic power in China has reached 1.206 billion kilowatts, achieving the target six years ahead of schedule. According to the plan, by 2030, the total installed capacity of wind and solar power in China will exceed 1.2 billion kilowatts.

East Wu Securities stated that in the context of the photovoltaic industry being plagued by overcapacity of outdated production and continuous losses, only new technologies can drive a new cycle. HJT technology has high barriers to entry, relatively scarce capacity, higher cell conversion efficiency, and module power (with even greater advantages when forming tandem cells with perovskite), and a clear cost reduction path, meeting the requirements of new quality productive forces. It is recommended to focus on HJT full-line equipment leader Maiwei Shares and 0BB string welding machine leader Aotwei.