March 31st The sluggish rotation

1. Sector popularity (total turnover of the limit-up stocks in parentheses):[Taoqiu Bar]

High-speed rail infrastructure (4.0B, mid) > Aerospace (10.8B, mid) > Compute power & fiber optics (3.3B, mid) > Power (7.8B, mid)

2. Hot sector and individual stock analysis (red text involves subjective commentary;高手, please skip)

Power
601908 Jingyun Tong 9:35:21 Photovoltaics
002218 TuoRi New Energy 10:29:21 Photovoltaics had an opening of the limit-up board.
605162 Xinzhonggang 10:49:33 CHP + energy storage
002634 Bangjie Co., Ltd. 13:02:12 TOPCon battery had an opening of the limit-up board. Two consecutive limit-ups.
000037 Shenzhen Energy 13:09:45 Power + energy storage
Comment: More of it is being treated as within the scope of power. Overall, this wave of power stocks should be in a pullback/declining phase.

Biopharma
600488 Jinzhou Pharmaceutical 9:37:03 Innovative drugs had an opening of the limit-up board. Three consecutive limit-ups.
002821 Kelaine 13:16:39 Innovative drugs had an opening of the limit-up board.
605116 Aoruite 14:25:30 Innovative drugs
002082 Wanbangde 14:51:45 Innovative drugs had an opening of the limit-up board.
Comment: Yesterday’s high-standard leaders didn’t break out, but sector popularity is still there. Tomorrow, if it can turn into money beyond expectations, it may attract incoming capital.

Strait
002578 Minfa Aluminum Industry 9:30:03 Aluminum profiles + Strait cross-strait had two consecutive limit-ups.
000993 Mindong Electric Power 9:34:12 Green power + cross-strait
000592 Pingtan Development 13:26:57 Cross-strait + forestry/wood had an opening of the limit-up board. Two consecutive limit-ups.
002788 Luyan Pharmacy 14:40:06 Cross-strait + Chinese medicine pieces had an opening of the limit-up board.
Comment: The core is Pingtan Development. The Kuomintang is also not in power, so a visit is unlikely to bring about substantive changes. Overall, the sector’s appeal isn’t strong enough.

Rail Transit
000008 Shenzhou High-Speed Railway 9:31:18 Rail transit had two consecutive limit-ups.
002542 Sinochem Geotech 9:32:12 Rail transit
001239 Yongda Shares 10:01:18 Shield tunneling machine
600502 Anhui Construction Engineering 10:09:56 Report growth + infrastructure construction leader had two consecutive limit-ups.
600528 CRRC Industrial 10:14:24 Rail transit had an opening of the limit-up board.
600495 Jinx i Railway Axle 10:40:29 Rail transit equipment had an opening of the limit-up board.
301048 Jiying Heavy Industry 10:09:42 Rail transit equipment
Comment: It’s炒作 driven by news stimulation. There are relatively many infrastructure and rail transit varieties. A large part of them are also a rebound (buyback) from low positions. It feels like recently the market has mostly been rotating low-level themes, but the biggest problem is that after the rotation, they can’t break into sustained performance.

Commercial Space
002342 Jul i Lifting Accessories 9:51:30 Commercial space had an opening of the limit-up board.
301079 Shaoyang Hydraulic 9:54:27 Proposed acquisition of Xincheng Hangrui + commercial space
603660 Suzhou Kodak 14:03:00 Commercial space
002361 Shuangjian Shares 14:21:39 Commercial space had an opening of the limit-up board. Four consecutive limit-ups.
Comment: Last night there was a rocket launch test; it’s said the cost is very low. But today after an early surge in the sector, it looked somewhat weak. In the afternoon, Shuangjian Shares also opened the limit-up board. If there isn’t follow-up news supporting the sector, the continuity will be difficult.

Semiconductors
000720 Xinneng Taishan 9:47:03 Fiber optics
600184 Optoelectronic Shares 13:46:25 Fiber optics
000070 Tefa Information 13:50:48 Fiber optics
Comment: A few high-position stocks adjusted with consolidation. The low-position rotation kept up. Overall the trend is strong, and the rhythm is also fine. The main big core is Yangtze Optical Fiber.

3. Announcement board stocks
300992 Tai fu Pumps 11:14:12 Resumption of trading + change in control
603826 Kuncai Technology 13:40:44 Q1 profit forecast increase + titanium dioxide had an opening of the limit-up board.

4. Other limit-up stocks and concept speculation
002995 Tiandi Online 9:41:15 AI marketing
000863 Sanxiang Impression 9:58:06 IP economy had an opening of the limit-up board.
600894 Guangri Shares 9:34:20 Robots had an opening of the limit-up board.
300834 Xinghui Huan cai 9:32:33 Equity transfer + polystyrene
000678 Xiangyang Bearing 13:30:15 Robots
301255 Tongli Technology 13:33:06 Robots
301008 Hongchang Technology 13:12:21 Indirect investment in Zhang Xue locomotive; two consecutive limit-ups.
002263 Datongnan 13:20:45 Lithium batteries
600250 Nanjing Commercial Tourism 13:28:14 Tourism had an opening of the limit-up board.
002800 Tianshun Shares 11:23:18 Coal transportation had an opening of the limit-up board.
002560 Tongda Shares 9:54:21 High year report growth + ultra-high-voltage power
600066 Yutong Bus 9:32:53 High year report growth + new energy had an opening of the limit-up board.
603039 Panyi Network 9:31:12 Year report growth + AI agents had an opening of the limit-up board.
002454 Songzhi Shares 9:30:57 Year report growth + energy storage thermal management
000927 China Railway Materials 9:34:21 Year report growth + rail logistics
000030 Fu’ao Shares 13:27:00 Auto parts
603657 Chunguang Technology 10:53:10 Clean home appliances had an opening of the limit-up board.
000631 Shunfa Hengneng 9:25:00 Clean energy transition
002580 Shengyang Shares 14:35:42 Compute power + energy storage
002565 Shunhao Shares 9:34:09 Space compute power
600158 China Sports Industry 11:23:18 Sports industry had an opening of the limit-up board.
688677 Haitai Xinguang Medical Devices had an opening of the limit-up board.
003033 Zhenghe Industrial 13:18:03 Cooperation with Zhang Xue locomotive
000913 Qianjiang Motorcycles 14:00:39 Large-displacement motorcycles had an opening of the limit-up board.
605299 Shu hua Sports 9:46:47 Football concept had an opening of the limit-up board.

**
5. Data speaks: :**
Number of stocks with gains greater than 10 (including limit-up): 67, number of stocks with declines greater than 10: 9
SSE up stocks: 455, SSE down stocks: 1847. Turnover: 891.9B
GEM/ChiNext up stocks: 198, GEM/ChiNext down stocks: 1188. Turnover: 477.8B
Beijing Stock Exchange up stocks: 108, BSE down stocks: 186. Turnover: 13.4B
Stocks with gains greater than 5%: 108; stocks with declines greater than 5%: 366

**6. Market popularity stocks: **
002361 Shuangjian Shares (Aerospace four consecutive limit-ups)

Comment: During the day, many themes rotated as well, but the people watching couldn’t muster interest. There’s no imagination, no sector linkage. Even “one-day wonders” can’t be sustained. Although it jumped down again and closed today, the index should be fine—what matters is whether any theme can break out at this stage. Otherwise, this kind of sluggish consolidation is very hard to endure.