A-shares midday review: Shanghai Composite Index rises nearly 1% in the first half of the day, with sectors like green energy, port shipping, and others rebounding collectively.

(Source: Kechuang 100 ETF Fund)

The three major A-share indices showed mixed performance in the morning session. At midday, the Shanghai Composite rose 0.95%, the Shenzhen Component increased 0.26%, the ChiNext Index declined 0.79%, and the Beijing Securities 50 Index gained 1.02%. The combined half-day trading volume of the Shanghai, Shenzhen, and Beijing markets was 1,324.5 billion yuan, down 144.5 billion yuan from the previous day. Over 4,500 stocks in the market rose.

In terms of sectors and themes, the top gainers included military industry, ports and shipping, environmental protection equipment, electricity, CRO concepts, sports industry, non-ferrous metals, and childcare services. Oil and gas exploration and services, as well as photovoltaic equipment, underperformed.

Market highlights show that the National Data Bureau emphasized the supporting role of green electricity, leading to active performance in the green power sector. Shao Neng Shares (000601), Tuori New Energy (002218), and Jinkai New Energy (600821), among others, hit the daily limit-up. CRO leader WuXi AppTec (603259) rose after releasing its earnings report, up over 5%, with Meno Hua (603538) and Bai Ao Sai Tu also hitting the limit-up. The port and shipping sector surged during the session, with China Merchants Nanhai Oil (601975) hitting the limit, and COSCO Shipping Energy (600026) and China Merchants Steamship (601872) among the top gainers. Additionally, sectors such as military industry, non-ferrous metals, and sports rebounded. On the other hand, the fluctuating US-Iran situation stirred the market, causing declines in oil and natural gas stocks like Intercontinental Oil & Gas (600759), Tongyuan Petroleum (300164), and Zhunyou Shares (002207). The photovoltaic equipment sector saw mostly adjustments due to profit-taking, with Maiwei Shares (300751), Junda Shares (002865), and Outview (奥特维) declining.

Limit-up Ladder:

【7 consecutive limit-ups】 Huadian Liaoning Energy (600396).

【3 consecutive limit-ups】 Zhongli Group (002309).

【2 consecutive limit-ups】 Tuori New Energy, Xuelang Environment (300385), Liaoning Energy (600758).

Main force net inflow sectors:

No.1 【State-owned Enterprise Reform】 net inflow of 3.165 billion yuan, with 22 stocks hitting the limit-up and 1,253 stocks rising.

No.2 【Tonghuashun (300033) China Special Valuation 100】 net inflow of 2.816 billion yuan, with 2 stocks hitting the limit-up and 89 stocks rising.

No.3 【Belt and Road】 net inflow of 2.343 billion yuan, with 12 stocks hitting the limit-up and 642 stocks rising.

Hotspot overview:

What’s hot in today’s market:

【Green Power】

Related stocks: Jinkai New Energy, Tuori New Energy, Huadian Liaoning

On March 23, Liu Liehong, Director of the National Data Bureau, stated at the China Development High-Level Forum 2026 Annual Meeting that the next step will be to vigorously promote the computing power and electricity coordination project, ensuring that the proportion of green electricity used in new computing infrastructure at key nodes exceeds 80%, maximizing the support role of green power. Liu explained that computing and power coordination refers to deep integration of computing infrastructure and power systems through digital technology, intelligent algorithms, and information networks, promoting dynamic resource matching and optimized allocation, creating a virtuous cycle of “power-driven computing and computing-driven power.” Main initiatives include promoting direct supply of green electricity, green electricity aggregation, and enhancing green power support for computing; recycling waste heat and increasing green low-carbon cycle benefits.

【CRO Concept】

Related stocks: Meno Hua, WuXi AppTec, Bai Ao Sai Tu

WuXi AppTec released its 2025 annual report on the evening of the 23rd, showing that during the reporting period, the company achieved revenue of 45.456 billion yuan, up 15.8% year-on-year; net profit attributable to shareholders was 19.151 billion yuan, up 102.65%. The company expects total revenue for 2026 to reach 51.3-53 billion yuan, with ongoing business revenue growing 18%-22% year-on-year.

【Port and Shipping】

Related stocks: China Merchants Nanhai Oil, COSCO Shipping Energy, China Merchants Steamship

CITIC Securities believes that structural opportunities in the valuation and asset side of the oil transportation sector are expected to continue. Under the background of supply chain restructuring driven by geopolitical conflicts, such as Iran-related events, the cycle momentum of the oil transportation industry is reinforced. Leading companies are expected to see record profits in 2026.