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in today's morning trading, bank stocks plummeted. as of press time, the sector index fell by more than 3%. xiamen bank fell by more than 8% during the session. agricultural bank of china, china construction bank, industrial and commercial bank of china, and bank of china all fell by more than 4%.

affected by the sharp drop in bank stocks, the shanghai composite index opened lower, while small-cap growth stocks rose, and the shenzhen component index, chinext index, and science and technology innovation 50 index rebounded from the bottom and turned positive. more than 3,700 stocks rose in the shanghai and shenzhen stock markets.

on the market, consumer electronics, warehousing and logistics, bc batteries, solid-state batteries and other sectors led the gains, while petroleum, transportation facilities, communications equipment, electricity and other sectors led the losses.

in addition, the offshore rmb rose sharply.

new foldable screen phones will be released intensively

consumer electronics stocks strengthened across the board in the morning, with foldable screen stocks leading the gains. the sector index jumped higher and opened higher, with a large increase of more than 2%. zhidongli rose by 20% in just about one minute after opening; kesen technology rose by the daily limit, closing the limit for the fourth consecutive day; rijiu optoelectronics also opened higher and rose by the daily limit in seconds.

ai mobile phones and pcs, smart wearables, apple concepts, wireless headphones and other sectors all rose sharply, and changxin technology, taijia holdings, shengli precision, fenda technology and others hit their daily limit.

in the past two years, the foldable screen mobile phone market has grown at an ultra-high speed and has become the focus of the giants' layout. according to cinnoresearch data, the sales volume of foldable screen mobile phones in the chinese market reached 2.62 million units in the second quarter of 2024, a year-on-year increase of 125%, maintaining a triple-digit year-on-year growth rate for the fourth consecutive quarter.

cinno research predicts that in 2024, the global sales volume of foldable screen mobile phones is expected to reach 24 million units, a year-on-year increase of 33%, of which the sales volume of foldable screen mobile phones in the chinese market will reach 9.6 million units, a year-on-year increase of 41%.

before huawei, a promotional video of a three-folding screen mobile phone has been circulated online recently, which is the tecno phantom ultimate 2 under transsion. it is reported that the tecno phantom ultimate 2 adopts a double-hinge design. the size of the folded state is 6.48 inches, which is comparable to the size of a traditional straight-screen mobile phone. the unfolded screen size is 10 inches, comparable to a tablet computer.

earlier, at the delivery ceremony for the first batch of enjoy s9 owners, yu chengdong revealed the release date of huawei's three-fold screen, which will be officially unveiled in september this year. honor also announced that it will launch flagship products such as the folding screen magic v3 to the world at the 2024 consumer electronics show in berlin, germany on september 5.

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. hinge and utg glass display are the core incremental links of folding screen mobile phones, especially in the three-fold screen, where the technical standards are higher. we can focus on the domestic core suppliers of hinges and utg glass.

warehousing and logistics see steady growth

warehousing and logistics stocks collectively rose in the morning, with the sector index rising by more than 3% and the half-day trading volume close to yesterday's full-day trading volume. yunda shares opened higher and rose sharply, with a strong daily limit, and the trading volume soared from 102 million yuan yesterday to more than 300 million yuan; sf holdings, hongchuan wisdom, and sto express were among the top gainers.

today, the china federation of logistics and purchasing released logistics operation data from january to july this year, showing that the recovery momentum of logistics demand is basically stable. although disturbed by short-term factors such as high temperature and heavy rain in some areas in july, the growth rate of total logistics volume increased month-on-month, showing a mild recovery trend.

from january to july, the total social logistics volume in china reached 19.77 trillion yuan, a year-on-year increase of 5.5%. in july, the total social logistics volume increased by 5.3% year-on-year, 0.1 percentage point faster than the previous month.

according to the ministry of transport, based on the monitoring and summary data of the office of the leading group for logistics smoothness of the state council, from august 19 to august 25, the national freight logistics operated in an orderly manner. among them, the national railway transported a total of 76.64 million tons of goods, a month-on-month increase of 0.3%; a total of 53.415 million trucks passed through the national highways, a month-on-month increase of 1.76%; the total collection volume of postal express was about 3.305 billion pieces, a month-on-month increase of 4.89%; the total delivery volume was about 3.221 billion pieces, a month-on-month increase of 5.61%.

cicc said that it continues to be optimistic about the upward trend of the oil transportation cycle. the supply-side logic strengthens the potential demand for replenishment and is expected to be released, and the peak season flexibility is expected. the dry bulk cycle is expected to come, and it is recommended to seize the opportunity of left-side layout. non-express logistics: optimistic about export chain logistics and franchise express delivery, and asset-light freight platforms. the supply and demand of air and sea transportation are still tight in the short term, and the logic of logistics companies cooperating with manufacturing to go overseas continues to be demonstrated in the long term. the competition landscape of express delivery continues to optimize, and the share of leading companies is expected to increase. pay attention to the bulk supply chain industry with valuations at the bottom and marginal improvements.