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On August 6, the three major A-share indices rose collectively in the morning session and fluctuated narrowly after opening high.

As of midday, the Shanghai Composite Index rose 0.04%, the Shenzhen Component Index rose 0.50%, the ChiNext Index rose 1.00%, and the Beijing Stock Exchange 50 Index rose 1.35%. More than 4,400 stocks in the two markets rose.

In terms of sectors, industries such as education, photovoltaics, games, wind power equipment, and military industry, as well as concepts such as BC batteries, HJT batteries, and perovskite batteries, were among the top gainers. Industries or concepts such as road and rail transportation, insurance, precious metals, automobiles, banks, and securities were among the top losers.

The education sector exploded again

On August 6, education stocks strengthened, with Aony Education and XueDa Education successively closing the board, Code Education once hit the daily limit, and Offcn Education and Kevin Education hit the daily limit.

As of press time, the education index rose by nearly 9%. Yesterday, the A-share education sector had a strong rally, with many education stocks hitting their daily limit.

Among them, Offcn Education, which has been listed for three consecutive days, issued an unusual trading announcement on the evening of August 5, saying that after self-examination, the company's production and operation activities are normal, the internal and external operating environment has not changed significantly, and there is no major information that should be disclosed but has not been disclosed that affects the abnormal fluctuation of the company's stock. During the period of the company's stock trading abnormality, the company's controlling shareholder and actual controller did not buy or sell the company's stock.

On the news front, the State Council recently issued the "Opinions on Promoting the High-Quality Development of Service Consumption", proposing to stimulate the vitality of education and training consumption. Promote colleges and universities, scientific research institutions, and social organizations to open up high-quality educational resources to meet the diversified and personalized learning needs of the general public. Promote the improvement of the quality and efficiency of vocational education, and build high-level vocational schools and majors. Promote social training institutions to improve service quality in response to public demand. Guide schools to introduce third-party institutions with corresponding qualifications to provide non-disciplinary high-quality public welfare after-school services through purchasing services and other means in accordance with relevant regulations. Encourage high-level cooperative education with internationally renowned universities in China.

A research report from a brokerage firm pointed out that in the summer, most listed companies in the industry are expected to continue to grow, and the industry is still prosperous. Some market analysts believe that the current sentiment of the sector has fluctuated due to the performance of leading companies. In the future, with the catalysis of policies and the gradual realization of the performance of various companies, the confidence of the sector is expected to pick up.

Photovoltaic concept stocks rose

Today, photovoltaic concept stocks rose during the trading session. Stocks such as Saiwu Technology and Junda Holdings hit their daily limit, while stocks such as Foster, GoodWe, JA Solar, and Folangte rose by more than 5%.

On the news front, the National Energy Administration introduced at a press conference that in the first half of the year, the country's renewable energy power generation installed capacity increased by 134 million kilowatts, a year-on-year increase of 24%. The total wind and solar power generation reached 900.7 billion kilowatt-hours, accounting for about 20% of the total power generation, a year-on-year increase of 23.5%.

Earlier, on July 25, at the 2024 PV Industry Development Review in the First Half of the Year and Outlook for the Second Half of the Year Seminar, Li Ting, Director of the Consumer Electronics Division of the Electronic Information Department of the Ministry of Industry and Information Technology, stated that the application of PV power generation will be expanded, and specific work will be done in four areas:

First, accelerate the revision and improvement of the new version of the photovoltaic manufacturing industry standard conditions, and strengthen the layout of the recycling industry and the standardization of intellectual property rights.

Second, implement the Smart Photovoltaic Industry Innovation and Development Action Plan (2021-2025) and other relevant policies to accelerate industrial innovation and upgrading and expand the consumption and application of photovoltaic power generation.

Third, accelerate the coordinated development of the energy electronics industry and promote the integrated application of solar photovoltaics and more fields.

Fourth, enhance international competitiveness. Broaden international communication channels and help China's photovoltaic industry go global with high quality.

A research report by Guotai Junan Securities pointed out that the penetration rate of photovoltaic power generation in emerging markets is low, the demand for photovoltaic power generation is broad, and the rapid decline in component costs has improved the economic efficiency of photovoltaic power generation. Coupled with the impact of factors such as energy transformation and power shortage in many countries, demand in emerging markets such as the Middle East, Central and South Asia, Africa, and Latin America is expected to achieve rapid growth from a low base, driving the continued growth in demand for photovoltaic installations.

Tenda Technology presents "Heaven, Earth and Floor"

On August 6, Tengda Technology, a bull stock that had been on the board for 11 consecutive days, experienced violent intraday fluctuations.

Around 10 a.m., Tengda Technology rose straight to the daily limit, and staged a "ground-sky board" during the trading session. Near the midday closing, Tengda Technology plunged from a high position again, and staged a rare "ground-sky-ground" market. As of press time, Tengda Technology reported 35.9 yuan per share, down 0.39%, with a turnover rate of 63.4% and a transaction amount of 1.129 billion yuan.

On the evening of August 5, Tenda Technology released its 2024 semi-annual performance report. The company achieved operating income of 857 million yuan in the first half of the year, a year-on-year decrease of 6.96%; net profit was 39.9568 million yuan, a year-on-year decrease of 11.94%.

Tenda Technology said that the company's revenue and profit data have declined, mainly due to the large fluctuations in stainless steel prices in the domestic market in the past two years, especially the continued plunge in prices of bulk raw materials such as nickel, chromium and iron ore, which caused a sharp drop in the price of stainless steel wire rods, leading to a decline in the company's product sales prices. At the same time, affected by the intensified market competition, the product gross profit level has declined.

Meanwhile, Tenda Technology said that despite a slight decline in performance, orders and sales in the first half of the year increased by 30.91% and 13.99% year-on-year respectively. In particular, the domestic and foreign market layout was further optimized, and the sales volume of domestic products increased significantly, among which the sales volume of domestic traders increased by 58.2% compared with the same period last year, and the sales volume of domestic terminals increased by 44.35% compared with the same period last year.

Tenda Technology's main business is the research and development, production and sales of stainless steel fasteners such as bolts, nuts, screws, washers, etc. Fasteners are a general term for components used to connect and fasten various parts. They have a wide range of applications and are known as the "rice of industry." Recently, Tenda Technology has issued several announcements on transaction changes and risk warnings, stating that the company's production and business activities are normal and no major changes have been found in the internal and external business environment in the near future.

On the evening of August 5, Tenda Technology announced again that the company's stock price has risen sharply in the short term, but the company's fundamentals have not changed significantly. There may be irrational speculation and the risk of a stock price falling after a sharp rise. From the sales model, the company currently adopts the method of selling mainly through traders and directly selling to end users as a supplement. So far, the company has no direct supply to commercial aerospace customers.

Editor: Chen Lixiang

Proofreading: Ran Yanqing