A-share Opening Dispatch | Three Major Indices Open Slightly Lower, Film Industry and Semiconductor Stocks Strengthen

Opening Data On August 12, the Shanghai Composite index opened down 0.01% at 3933.55 points, the Shenzhen Component index opened down 0.04% at 14253.12 points, the ChiNext Index opened down 0.20% at 3542.13 points, and the STAR 50 Index opened up 0.64% at 1720.36 points. As of 9:32 AM, 2245 companies had risen, 2830 had fallen, and 468 were flat in the two markets along with the Beijing Stock Exchange. Top-performing sectors: film and television, semiconductors, decoration and renovation, industrial metals, etc.; Worst-performing sectors: home appliances, automotive, food and beverages, oil and petrochemicals, etc. Market Conditions On August 12, the three major indexes opened slightly lower collectively, with the Shanghai Composite index opening down 0.01% effectively flat, the ChiNext Index down 0.20% slightly weaker, and the STAR 50 opening up 0.64% against the trend. In terms of sectors, the hollow cup motors increased by 4.63% leading the gains, followed by the CRO concept up 2.25%, Siasun Robot & Automation actuator concept up 2.21%, and MLCC concept up 1.84%; Siasun Robot & Automation and the medical innovation direction remained active. Among individual stocks, Xinjiang Bai Hua Cun Pharma Tech had seven consecutive price increases, and Beijing Jingxi Culture & Tourism had three consecutive price increases hitting the daily limit. In terms of decline, sectors like home appliances, automotive, and food and beverages, which are consumer-weighted, dragged down the index. Overnight News Brief Central Bank Issues 14th Five-Year Reform and Development Plan: The central bank recently issued its 14th Five-Year reform and development plan, defining five key tasks to maintain a reasonable, balanced, and stable RMB exchange rate. Prior to this, the National Development and Reform Commission and the National Energy Administration issued the 14th Five-Year planning for new power systems, specifying that by 2030, the proportion of non-fossil energy power generation should reach 50%. U.S.-Iran Stalemate Continues, Pushing Oil Prices Higher; U.S. Stocks Decline, Golden Dragon Index Drops: The negotiations between the U.S. and Iran regarding the Strait of Hormuz remain stuck, with international oil prices continuing their upward trend after rising about 5% on August 10. On August 11, WTI crude futures rose by 1.30% to $83.20 per barrel, and Brent crude futures rose by 1.36% to $88.91 per barrel. In U.S. stocks, the Dow fell by 0.34%, the Nasdaq by 0.60%, and the S&P 500 by 0.32%, while the Nasdaq Golden Dragon Index dropped by 2.94%. COMEX gold futures increased by 0.18% to $4427.80 per ounce. Foxconn Industrial Internet Reports a 96% Increase in Net Profit for Half-Year, Shanghai Issues Software Industry Plan: Foxconn Industrial Internet disclosed its half-year report on the evening of August 11, showing a net profit of 23.74 billion yuan for the first half, a year-on-year increase of 95.99%, with AI server revenue increasing 2.3 times year-on-year. Shanghai issued the "14th Five-Year" plan for the software industry, aiming for an industry scale of 4 trillion yuan by 2030. Over ten companies, including Hangzhou Hikvision Digital Technology, have announced semi-annual dividends. Market Outlook The three major indexes opened slightly lower today, but the STAR 50's increase of 0.64% reflects that there is still independent momentum in the tech growth sector. Overnight, U.S. stocks declined due to the stalemate in U.S.-Iran negotiations and consistently high oil prices, with a cooling overseas risk appetite exerting some pressure on opening sentiment in A-shares; the U.S. Golden Dragon Index dropped by 2.94%, impacting A-share sentiment marginally negative. Structurally, the tech growth sectors such as Siasun Robot & Automation, CRO, and MLCC continued to show active trends from the previous trading day, supported by multiple catalysts from policies like the central bank's 14th Five-Year plan, new power system planning, and Shanghai's software industry plan, providing fundamental support for a structural market. The consensus among institutions leans toward confirming an uptrend in prosperity through synchronizing domestic and international earnings reports, indicating that hard tech sectors are transitioning from "expectation narratives" to "earnings realization"; thus, low-price allocations in tech growth remain a key logic at present. In the short term, external geopolitical disturbances driving up oil prices may temporarily compress risk appetite, but the ongoing domestic stability growth policies and overall ample market liquidity suggest that index levels may maintain a volatile and divergent pattern, with structural opportunities remaining concentrated in tech growth sectors where policy catalysts and earnings realization resonate.