A-share midday review | Shanghai index fell 0.59% in half a day, AI medical concept stocks were strong, and computing power sector continued to decline.

On March 10, the market opened higher in the morning and then fell, with the ChiNext Index leading the decline. By the midday close, the Shanghai Composite Index fell by 0.59%, the Shenzhen Component Index fell by 0.62%, and the ChiNext Index fell by 0.81%. These factors may affect the market: 1. Huawei has officially formed a healthcare legion, focusing on building an AI-assisted diagnostic solution system and promoting the application of medical large models in clinical scenarios. 2. Siasun Robot & Automation news is frequent: the national Siasun Robot & Automation Innovation Center has cooperated with Huawei in the field of embodied intelligence; Intelligent Siasun Robot & Automation has released the first universal embodiment base model GO-1; China Academy of Information and Communications Technology has started compiling a map of embodiment application scenes for humanoid Siasun Robot & Automation. 3. There is news of rising prices of minor metals. As of March 8th, the average price of 99.65% pure antimony ingots has exceeded 170,000 yuan/ton, an increase of 5,000 yuan/ton from the previous price day. In terms of market performance, Siasun Robot & Automation concept stocks continue to surge, with Xiangyang Automobile Bearing, Shenyang Machine Tool, Beijing Jingcheng Machinery Electric, and more than 10 other stocks hitting the limit up; AI healthcare concept stocks are strong, with Shanghai Runda Medical Technology, Thalys Medical Technology Group Corporation, Guomai Technologies, Inc., and several other stocks hitting the limit up; minor metals and other non-ferrous concepts are active, with Yunnan Luoping Zinc & Electricity, Beijing GeoEnviron Engineering & Technology, Inc. hitting the limit up; in addition, diamond cultivation, photovoltaic, and photolithography sectors are also performing well. On the downside, the computing power sector continues to decline, with Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology hitting the limit down. Major financial, consumer electronics, and gaming sectors are among the top decliners. Founder points out that looking ahead, overall, the attractiveness of Chinese assets is expected to continue to increase, driving A-share prices to continue to move towards improvement. Hot Sectors: 1. Siasun Robot & Automation sector is erupting Siasun Robot & Automation concept stocks are once again strong, with Xiangyang Automobile Bearing, Shenyang Machine Tool, Beijing Jingcheng Machinery Electric, Zhejiang XiaSha Precision Manufacturing, Weifu High Technology Group, Sinomach Precision Industry Group, and more than 10 stocks hitting the limit up. Comment: Three aspects of the news are: the national Siasun Robot & Automation Innovation Center cooperated with Huawei in the field of embodied intelligence; "Zhihui Jun" released the first universal embodiment base model GO-1; China Academy of Information and Communication started compiling the application scenario map of humanoid Siasun Robot & Automation. 2. Strong AI healthcare concept AI healthcare concept stocks are strong, with Shanghai Runda Medical Technology, Thales Medical Technology Group Corporation, Guomai Technologies, Inc., and several other stocks hitting the limit up, with Winning Health Technology Group, XINGANJIANG, MTD, and others pushing higher. Comment: In terms of news, Huawei has officially formed a healthcare legion, focusing on building an AI-assisted diagnostic solution system to promote the application of large medical models in clinical scenarios. According to a Soochow research report, the Chinese AI healthcare market is expected to exceed 150 billion yuan by 2030, with significant growth in sub-sectors such as AI imaging, surgical Siasun Robot & Automation, etc. 3. Active minor metals concept Non-ferrous metals are active, with the direction of minor metals leading the way, with Beijing GeoEnviron Engineering & Technology, Inc., Yunnan Luoping Zinc & Electricity hitting the limit up, and China Tungsten and Hightech Materials, Zhuzhou Smelter Group, Zhejiang Huayou Cobalt, Tibet Huayu Mining, and others following suit. Comment: In terms of news, there have been frequent reports of price increases in cobalt, strontium, and other minor metals recently. According to the Rare Metals Branch and the Central Association of Metals, as of March 8th, the domestic price of bismuth in the near future has risen by nearly 150,000 yuan/ton, and the far-month price has risen by nearly 160,000 yuan/ton; The average price of 99.65% pure antimony ingots has exceeded 170,000 yuan/ton, an increase of 5,000 yuan/ton from the previous price day. Institutional Views: 1. Industrial: How will the reassessment of Chinese assets spread? Industrial points outLooking ahead, after the early adjustment, the technology sector represented by AI has alleviated the pressure of crowding in some directions. In the short term, the AI market is expected to be active again, continuing to consolidate in an internal rotation manner. With the traditional window of March and April entering the market, the effectiveness of fundamental and policy factors is improving. Against the backdrop of proactive macro policies and accelerated implementation of various easing measures, the revaluation of Chinese assets is expected to further spread in the direction benefiting from policy support and marginal improvement in economic conditions.2. Founder: Outlook for the Spring Market The Founder pointed out that looking ahead, the overall attractiveness of Chinese assets is expected to continue to increase, which will drive the A-share market to continue to improve. The equity risk premium ERP shows that the cost-effectiveness of equity asset investment is relatively high. From a structural perspective, technology growth is the main structural feature of the medium-term market, but it is also noted that the current market valuation differentiation is already high. At the same time, the dividend index's dividend yield minus interest rate differential has reached a new high in recent years. In the short term, it is recommended to pay attention to opportunities for value growth re-balancing in the spring market. 3. Shenwan Hongyuan Group: Focus on Structural Bull Market, Preparing for Comprehensive Bull Market Shenwan Hongyuan Group pointed out that the domestic market supported by the performance release of AI computing power is flourishing, and the domestic popular applications of AI are still in the brewing period, with subsequent realization being inevitable. The resonance between industrial trends and policy support has already formed. The macro environment is stable, with sufficient policy reserves for stable growth, and there are solutions to downward risks. Loose macro liquidity is the direction, and the structural bull market trend is the foundation. The conditions for a comprehensive bull market are becoming mature, but there are still some deficiencies. This article is reproduced from "Tencent Stock Selection", edited by Wang Qiujia.