A-share market closing review: Index opens low and closes high! Science and technology innovation leads the charge, Alibaba Cloud concept rises sharply.

Today, the market opened low and rose high, with the Sci-Tech Innovation Board leading the charge. In terms of the plate, the chip and semiconductor sectors saw a significant rise in the afternoon, with RISC-V concept stocks leading the way, and Verisilicon Microelectronics (Shanghai) Co., Ltd. hitting a 20% limit up; the military industry sector was strong all day, with stocks like Beijing Emerging Eastern Aviation Equipment hitting the limit up; Alibaba Cloud concept surged, with Insigma Technology hitting the limit up; the Siasun Robot & Automation sector triggered a wave of limit ups, with over 10 stocks such as Shenzhen Zhaowei Machinery & Electronics and Zhejiang Wanma hitting the limit up. The solid state battery sector saw a significant pullback, while sectors like liquor and coal performed weakly. Overall, the market turnover exceeded 1.4 trillion, decreasing by nearly 200 billion from the previous trading day, with over 4000 stocks rising in both markets. Specifically, the chip and semiconductor sectors saw a significant rise in the afternoon, with RISC-V concept stocks leading the way, and Verisilicon Microelectronics (Shanghai) Co., Ltd. hitting a 20% limit up, with Allwinner Technology, Ingenic Semiconductor, Empyrean Technology, and others following suit. Ni Guangnan, academician of the Chinese Academy of Engineering, recently stated that he strongly supports the development of open-source RISC-V because it is not only a technological innovation, but also a global revolution that will impact future computing architectures. Haitong believes that in the development of the RISC-V ecosystem, China is in the first echelon. The Alibaba Cloud concept surged, with Insigma Technology hitting the limit up, and stocks like Yimikang Tech. Group, YADA, Hangzhou Anysoft Information Technology, Zhejiang Daily Digital Culture Group, and Hang Zhou Iron & Steel rising. According to a notice from the Hangzhou Economic and Information Bureau, they are surveying local suppliers and core products that intend to participate in Alibaba Group's Cloud and AI major investment plan. In terms of individual stocks, there were 4050 gainers and 1172 losers in both markets, with 175 stocks maintaining their gains. There were a total of 87 limit up stocks and 16 limit down stocks. At the close, the Shanghai Composite Index rose by 0.22% to 3324.21 points, with a turnover of 568.7 billion yuan; the Shenzhen Component Index rose by 0.28% to 10679.44 points, with a turnover of 866.9 billion yuan. The ChiNext Index fell by 0.29% to 2190.08 points. Funds Trend Today, the main funds focus on grabbing stakes in the semiconductor, automotive parts, and aviation equipment sectors. The top stocks that saw net inflows from major funds included Unigroup Guoxin Microelectronics, Shenzhen Sunwin Intelligent, and B-Soft Co., Ltd. News Recap 1. Hangzhou: Surveying local suppliers for Alibaba Group's Cloud and AI investment plan According to a notice from the Hangzhou Economic and Information Bureau, they are currently surveying local suppliers and their core products that intend to participate in Alibaba Group's Cloud and AI major investment plan. The survey targets software and hardware product providers registered in the district of Yuhang who are interested in participating in Alibaba Group's Cloud and AI ecosystem. 2. National Energy Administration: Accelerating major pipeline construction projects and revising the "Regulations on the Planning, Construction, and Operation of Petroleum and Natural Gas Infrastructure" Liu Hong, Director of the Oil and Gas Department of the National Energy Administration, stated that the department will scientifically plan the development of the oil and gas industry during the "14th Five-Year Plan" period, focus on key tasks and major projects. They will accelerate the construction of major pipeline projects, optimize the layout of major infrastructure, complete the West-East Gas Pipeline Line 3 middle section and Line 4, accelerate the construction of the Sichuan-East Gas Transmission Line 2 and the China-Russia Far East pipeline. They will orderly promote the development of new formats such as hydrogen pipeline transportation and amine alcohol pipeline transportation, and promote the construction of oil and gas infrastructure to form new productive forces. Based on the separation of national trunk pipeline network operation and distribution, they will accelerate the separation of provincial pipeline network operation and distribution. They will revise and issue the "Regulations on the Planning, Construction, and Operation of Petroleum and Natural Gas Infrastructure" to improve policies on pipeline network planning, access and use, operational rules, fair and open access, and continuously improve the planning, construction, and operation system of the national unified network. 3. Global Conceptual Verification of the World's First Combined Brain-Spinal Interface for Paralyzed Patients The research team led by Jia Fumin of the Institute of Brain-Like Intelligence at Fudan University successfully carried out the world's first clinical conceptual verification surgery of a combined brain-spinal interface electrode, with four paralyzed patients recovering leg movement within 24 hours after surgery and attempting to walk in as little as 10 days. This preliminary evidence demonstrates the feasibility of the new generation brain-spinal interface scheme. The "three-in-one" skull-implanted brain-spinal interface micro-device is expected to enter clinical trials soon. Future Analysis 1. Huaan: The spring frenzy rally has basically ended Huaan pointed out that looking ahead, they still maintain the view of market high-level volatility and industry rotation, with three main lines to focus on for potential rotation: 1) Infrastructure advantage sectors with strong seasonal effects until mid-March. Focus on engineering consulting services, environmental protection equipment, professional engineering, environmental governance, non-metallic materials, cement, general equipment, and new metal materials. 2) Sectors with policy catalysts, focusing on pharmaceuticals, automobiles, and home appliances. 3) Stocks with short-term configuration cost-effectiveness under market volatility and with medium to long-term strategic value, such as banks.Insurance.2. Orient: The technology sector is still the main investment theme in the future market. Orient pointed out that in the short term, after experiencing a rapid rise in the early stage, the technology sector is entering a period of adjustment, with market volatility intensifying. Within the new energy sector, sub-sectors with certainty of technological breakthroughs and industrial upgrading logic are becoming the focus of attention for funds. Looking at this month, the efforts of relevant policies will lead to short-term performance in related industries, but the technology sector, represented by AI, will still be the main investment theme. 3. Huatai: The market may undergo an offensive-defensive transition in the short term. Huatai pointed out that overall, there is a need for adjustment in both the technical and emotional aspects of technology stocks, and the market structure needs to be rebalanced. However, considering the triggering factors and policy fermentation of the recent rise in Chinese technology stocks, the pullback is only temporary, and the trend reversal will continue. Looking ahead to March, in the short term, the A-share market may see a transition in offensive and defensive strategies, with low-value stocks possibly seeing a rebound. In terms of strategy, focus on opportunities for bottom fishing in the technology sector, with a key focus on areas where performance realization is imminent.