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On August 14, the three major A-share indices fell collectively.

The large infrastructure sector was strong, and the concept sectors such as western large infrastructure, water conservancy and hydropower construction, sponge cities, urban village renovation, and new urbanization were all in the green. In addition, concept sectors such as online games, superconductors, vocational education, and Internet of Vehicles rose in rotation. Biomedicine, pig farming, lithium batteries and other sectors continued to pull back.

The western infrastructure sector is the hottest sector in the A-share market recently. Five stocks, including Chengdu Luqiao, Beixin Luqiao, Tibet Tianlu, Kanshe Shares, and Xinjiang Communications Construction, hit their daily limit after opening. As of press time, Chengdu Lujiao, Beixin Luqiao, and Xinjiang Communications Construction have already hit their daily limit.

The online game sector rose abnormally during the trading session. Fuchun Shares and Mingchen Health hit the daily limit, while Jibit, Caesar Culture, Glacier Network, Kunlun Wanwei and others rose sharply.

In the biopharmaceutical sector, Kangwei Century fell rapidly after opening, hitting the 20% limit at 9:49 a.m. The company is mainly engaged in the independent research and development of the underlying core technology of molecular detection, and is one of the few biotechnology companies in China that has achieved a complete business layout of the core links of molecular detection.

According to the Japan Broadcasting Corporation (NHK) on August 14, Japanese Prime Minister Fumio Kishida expressed to the Liberal Democratic Party cadres his "intention not to participate in the LDP presidential election next month." This means that after the new LDP president is elected, Kishida will resign as prime minister.

Fumio Kishida recently stated that he will fully support the new leader. He also said that in order to completely get rid of the risk of economic deflation, Japan must promote wage and investment growth and achieve the goal of expanding Japan's GDP to 600 trillion yen.

After the news came out, the yen rose slightly against the US dollar, and the Japanese stock market turned from rising to falling. The Nikkei 225 index rose by more than 1% in early trading, but fell by 0.2% as of press time.

Superconducting concept is active, 2 stocks hit the daily limit

The superconducting concept sector received attention from investors, with Farsen and Yongding shares hitting their daily limit. Baili Electric and Guocable Testing followed suit.

On August 13, a research team from the University at Buffalo, State University of New York, announced the preparation of an ultra-high-performance superconducting wire based on rare earth barium copper oxide (REBCO), which is the world's highest-performance high-temperature superconducting wire segment with significantly improved cost-performance. The relevant research results were published in the latest issue of Nature Communications.

Yongding shares previously stated that the industrialization of high-temperature superconductors has entered an accelerated period. The company has strengthened innovation and research and development, and steadily promoted the application of high-temperature superconducting tapes in the fields of magnetic confinement controlled nuclear fusion, superconducting induction heating, magnetically pulled single crystals and superconducting cables. The wire and cable business is operating steadily, and the product categories are moving towards diversification.

Electricity sectors collectively rose

The power sector rose significantly. In the hydropower sector, Qianyuan Power rose by nearly 5%, and Huaneng Hydropower, Guotou Power, Guiguan Power, and Sichuan Investment Energy ranked among the top gainers. In the thermal power sector, Anhui Power, Shenneng Power, Zhejiang Power, and Fuyang Power rose significantly.

On the news front, on August 13, the National Energy Administration issued the "Implementation Plan for the High-quality Development of Distribution Networks (2024-2027)", proposing to focus on improving power supply capacity, disaster resistance and carrying capacity, and in light of local realities, to promote the "four batches" of construction and transformation tasks.

Specifically, it includes accelerating the promotion of a number of distribution network upgrade and transformation projects in areas with weak power supply; implementing a number of disaster prevention and mitigation capacity improvement projects in a targeted manner; building a number of projects that meet the access needs of new entities; and innovatively exploring a number of distributed smart grid projects. A number of distributed smart grid projects will be explored and built for the end of large power grids, new energy-rich villages, and high-proportion new energy power supply parks.

In addition, photovoltaic concepts rose in the early trading, and Sichuan Run Shares and Haiyuan Composites hit the daily limit. However, the photovoltaic sector as a whole turned from rising to falling after the opening.

Whether the photovoltaic industry has bottomed out has recently sparked widespread discussion. The latest research report from Zheshang Securities mentioned that since 2024, photovoltaic prices have continued to fall and the industry has continued to bottom out. Previously, the Photovoltaic Industry Association held a "Symposium on High-Quality Development of the Photovoltaic Industry" to encourage mergers and reorganizations in the photovoltaic industry. The meeting pointed out that "industry mergers and reorganizations are encouraged, market exit mechanisms are unblocked, and the crackdown on vicious competition in sales below cost prices will be strengthened. The photovoltaic industry is an industry with a very high degree of marketization, and it is more appropriate to solve the current industry difficulties through market-oriented means, but the role of the government's visible hand should also be fully utilized." We look forward to the photovoltaic industry gradually bottoming out.

400 billion Industrial and Commercial Bank of China surges

The share price of Foxconn Industrial Internet surged, with the intraday increase once exceeding 5%, and rose by more than 3% as of press time.

On the evening of August 13, Foxconn Industrial Internet disclosed its 2024 semi-annual report. In the first half of the year, the company's operating income was 266.1 billion yuan, a year-on-year increase of 28.7%; net profit was 8.74 billion yuan, a year-on-year increase of 22%.

The company disclosed that downstream demand for AI servers has grown strongly, benefiting from the increased demand for cloud infrastructure from applications such as generative artificial intelligence. In the first half of 2024, Foxconn's cloud computing revenue increased by 60% year-on-year, of which cloud service provider revenue accounted for 47%, an increase of 5 percentage points from the same period last year; AI servers accounted for 43% of the overall server revenue, with revenue increasing by more than 230% year-on-year.

In the second quarter of 2024 alone, Foxconn Industrial Internet's cloud computing revenue accounted for 55% of its total revenue, and cloud computing revenue increased by more than 70% year-on-year; AI server revenue increased by more than 270% year-on-year and more than 60% month-on-month, accounting for 46% of the overall server revenue, and the proportion continued to increase quarter by quarter; in the first half of 2024, general server revenue also increased by 16% year-on-year, with strong recovery momentum.

According to a report by e Company on the 13th, in the past, Foxconn Zhengzhou welcomed the peak season from August to December every year, but at the beginning of July this year, the news of "peak season ahead of schedule, labor price surge" came out from Foxconn Zhengzhou, which continued to attract job seekers to apply. In August, BYD Zhengzhou Base announced the launch of its second large-scale recruitment this year, with a monthly direct recruitment scale of 4,000 people, and the highest salary for the position can reach 9,000 yuan/month.

Editor: Peng Bo

Proofreading: Wang Wei

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