A-share Midday Review | Shanghai Composite Index falls 0.93%, over 4,300 stocks decline, wind power and banks buck the trend

On September 24, the three major A-share indices opened lower collectively and then fluctuated downward, with the market showing a divergent pattern of "indices opening low and moving lower, widespread declines in individual stocks, and relatively resilient low-level weighted stocks." As of the midday close, the Shanghai Composite Index fell 0.93% to 3900.00 points, the Shenzhen Component Index fell 1.74% to 13399.34 points, and the ChiNext Index fell 1.84% to 3317.33 points. More than 4,300 stocks in the entire market declined, while more than 1,000 stocks rose. Half-day turnover across the Shanghai, Beijing, and Shenzhen markets was 1,078.1 billion yuan, a decrease of 93 billion yuan from the previous trading day. On the capital front, according to Cailian Press monitoring data, in the morning session main funds recorded net inflows into transportation equipment, defense and military industry, and general equipment sectors, and net outflows from electronics, semiconductors, and nonferrous metals sectors, among which the electronics sector saw net outflows exceeding 9.2 billion yuan. Market Overview On the board, on the gainers' side, wind power equipment, textile manufacturing, education, and banking sectors strengthened against the trend; on the decliners' side, precious metals, components, and real estate sectors led the declines. Overall, after opening lower, the three major indices continued to consolidate weakly, with technology growth and cyclical directions such as nonferrous metals and real estate generally adjusting, while low-level directions such as banking and education were relatively resilient, with more stocks falling than rising, and half-day turnover significantly shrinking from the previous trading day. Hot Sectors 1. Wind power equipment sector opened lower and moved higher The wind power equipment sector opened lower and moved higher, with Luoyang Bearing Corporation hitting the 20CM limit up, Jiangsu SINOJIT Wind Energy Technology hitting the limit up, Yinchuan Weili Transmission Technology rising more than 11%, and ZENKUNG, Dajin Heavy Industry, and Luoyang Xinqianglian Slewing Bearing among the top gainers. Comment: On the news front, the National Energy Administration released on September 24 national electricity statistics for January-August, showing that as of the end of August, national wind power installed capacity was 693 million kilowatts, a year-on-year increase of 19.6%; in addition, on September 22, the State Council Information Office held a series of themed press conferences on "Starting the 15th Five-Year Plan," at which the Ministry of Natural Resources proposed that during the "15th Five-Year Plan" period it would expand industries such as marine renewable energy, and estimated that by 2030 offshore wind power installed capacity would double to 100 million kilowatts. 2. Stocks in the humanoid Siasun Robot&Automation industry chain were active against the trend Stocks in the humanoid Siasun Robot&Automation industry chain were active against the trend, with Xiangyang Automobile Bearing, Zhejiang Zomax Transmission, Changhua Holding Group, and Ningbo Donly hitting the limit up, Ningbo Joyson Electronic Corp. rising more than 7%, and Changzhou Xiangming Intelligent Drive System Corporation, Zhejiang Fulai New Material, and FENGGUANG PRECISION among the top gainers. Comment: On the news front, a report released by the International Siasun Robot&Automation Federation on September 24 showed that China's new industrial Siasun Robot&Automation installations in 2025 reached 354,000 units, accounting for about 59% of total global installations, a record high, and it is expected that from now to 2029 the Chinese market is expected to maintain an average annual growth rate of 5% to 10%; previously, on September 23, Tesla CEO Musk said in an exclusive interview with CCTV Finance that he predicted global humanoid Siasun Robot&Automation could reach 10 billion units in the next 15 years. 3. Textile manufacturing sector performed actively The textile manufacturing sector performed actively, with Anhui Huamao Textile posting a second consecutive limit up and sealing the limit up at the open today, Hunan Huasheng hitting the limit up, Huali Industrial Group rising more than 3%, and Zhejiang Weixing Industrial Development and Bros Eastern Co.,Ltd among the top gainers. Comment: On the news front, the national standard "Green Product Assessment - Textile Products" (GB/T 35611-2024) revised and issued by the State Administration for Market Regulation will officially take effect on October 1. The standard classifies textile products into three categories by use scenario: infant and toddler, direct skin contact, and non-direct skin contact, establishes a comprehensive evaluation system with five major attributes: resources, energy, environment, quality, and low carbon, and adds a low-carbon evaluation dimension. 4. Education sector rose in a short-term move The education sector rose in a short-term move, with Suzhou Kingswood Education Technology rising more than 13%, Shanghai Xinnanyang Only Education & Technology rising more than 5%, and Beijing Kaiwen Education Technology, Qtone Education Group(Guangdong), and Xueda(Xiamen)Education Technology Group following the gains. Comment: On the news front, on September 23, the State Council Information Office held a series of themed press conferences on "Starting the 15th Five-Year Plan," at which Guo Peng, director of the Development Planning Department of the Ministry of Education, introduced that from 2027 to 2030 the undergraduate enrollment of "Double First-Class" universities will expand by another 76,000 students, and proposed that the expansion of excellent undergraduate programs will focus on supporting frontier technologies and emerging interdisciplinary fields such as artificial intelligence, integrated circuits, biomedicine, and new energy.