A-share midday review | ChiNext Index rose 0.09%, film and television stocks continue to strengthen, Beijing Enlight Media hits a new high.

On February 12, the A-share market surged in the morning but fell back, with over 3200 stocks declining. The market's half-day trading volume was less than a trillion yuan, a decrease of 35.6 billion yuan compared to the previous day. By the midday close, the Shanghai Composite Index fell by 0.01%, the Shenzhen Component Index rose by 0.07%, and the ChiNext Index rose by 0.09%. In terms of market trends, the market focus continued to revolve around AI applications, with stocks related to film, IP economy concepts continuing to strengthen. Beijing Enlight Media once hit the limit up, reaching a new historical high in stock prices. AI medical stocks fluctuated and rose, with computing power in all areas showing strength, with liquid-cooled servers and data center power directions being active. Stocks related to Alibaba concept fluctuated and rose, with multiple stocks such as Sichuan Crun, Shanghai AtHub hitting the limit up. Diamond cultivation concept saw abnormal rises, with Henan Huanghe Whirlwind hitting the limit up. On the downside, precious metals, pharmaceuticals, and photovoltaic sectors saw the largest declines. In terms of main funds, funds flowed into industries such as other power equipment II, IT services II, digital media, auto parts, and communication services, while flowing out of industries such as communication equipment, optical electronics, advertising and marketing, semiconductors, and diversified finance. Institutional Views: Looking ahead, EB SECURITIES pointed out that the market is expected to continue its upward trend, with a high probability that the market style will continue to focus on technology growth. 1. Galaxy Securities: A-share market will see a structural valuation reshaping opportunity Galaxy Securities stated that with the shift of old and new economic engines in the domestic economy, as new quality productivity industries accelerate their development, and the capital market accelerates empowering technology companies, the A-share market will see a structural valuation reshaping opportunity. Looking ahead, A-shares are expected to fluctuate and rise. Areas to focus on include: (1) technology innovation themes based on self-control logic and the development of new quality productivity requirements, (2) "two-pronged" and "two new" themes under the expansion of domestic demand orientation, and (3) continue to favor dividend sectors with high safety margins, with a focus on central SOEs. 2. Huatai: Short-term volatility and differentiation in technology hotspots may be inevitable Huatai pointed out that the post-holiday market is mainly focused on technology hotspots, with the technology growth sector led by Deepseek receiving widespread attention and favor in the market. Despite the continuous impact and fermentation of technology themes, with a medium to long-term perspective, there is still expected to be continuous development space. However, after a continuous surge in the short term, a significant amount of profit-taking has also accumulated. Short-term volatility and differentiation may be inevitable. 3. EB SECURITIES: Minor adjustment in reduced trading volume, does not change the upward trend of the market EB SECURITIES pointed out that following the continuous rise in the market recently, some profit-taking led to an adjustment on Tuesday. Looking ahead, with a minor adjustment in reduced trading volume, the upward trend of the market has not changed. The market is expected to continue its upward trend, with a high probability that the market style will continue to focus on technology growth. Direction: "Artificial Intelligence+" direction. At the Central Economic Work Conference in December last year, it was first proposed to carry out the "Artificial Intelligence+" action. Recently, the State Council has also proposed promoting "Artificial Intelligence+" consumption. It is expected that subsequent policies related to "Artificial Intelligence+" will continue to be introduced, stimulating speculation in related industry sectors. Popular Sectors: 1. Alibaba concept stocks surged Alibaba concept stocks fluctuated and rose, with multiple stocks like Hang Zhou Iron & Steel, Shanghai AtHub, Easyhome New Retail Group Corporation, RunJian Co., Ltd., Montnets Cloud Technology Group, and Insigma Technology hitting the limit up. Comments: According to the technology media The Information citing sources, Apple is collaborating with Alibaba to develop and introduce artificial intelligence for iPhone users in China. Insiders revealed that this is one of Apple's strategies to address declining sales in China, aiming to provide more appealing software features. 2. Film and television sector rises Film and television stocks fluctuated and rose, with Beijing Enlight Media once again hitting the limit up to a new historical high, Hengdian Entertainment hitting the limit up. Other stocks like Huayi Brothers Media Corporation, Omnijoi Media Corporation, Wanda Film Holding, and Zhejiang Talent Television and Film followed suit. Comments: According to data from online platforms, the total box office (including previews and pre-sales) of the movie "Ne Zha" has exceeded 9 billion yuan. Ping An Securities research report stated that based on the box office results of the Spring Festival in 2025, high-quality film content has a strong effect on box office revenue. It is suggested to focus on leading film and television companies with high-quality content reserves and production, as well as the performance resilience of cinema and ticketing companies. 3. Cultivation Diamond Concept Soars Cultivation of the diamond concept saw abnormal rises, with Henan Huanghe Whirlwind hitting the limit up, and stocks like HFZS, Henan Liliang Diamond, Sf Diamond Co., Ltd., Beijing Worldia Diamond Tools, A-Zenith Home Furnishings following suit. Comments: According to reports, a team from the National Key Laboratory of High Pressure and Superhard Materials at Jilin University's Physics Institute successfully synthesized super diamonds, providing the possibility to break the application limitations of cubic diamonds. This article is reproduced from "Tencent Stock Selection", GMTEight Editor: Wang Qiujia.