Midday Report: Shanghai Composite Index fell by 0.93% in the first half of the day, with strong performance from computing power hardware concepts.

Three major indexes diverged in the morning session. As of midday, the Shanghai Composite Index fell by 0.93%, the Shenzhen Component Index fell by 0.26%, the Growth Enterprise Index rose by 0.64%, and the CSI 50 Index fell by 1.51%. The turnover of the Shanghai, Shenzhen, and Hong Kong markets reached 1.0961 trillion yuan by midday, an increase of 108.7 billion yuan compared to the previous day. Nearly 4,700 stocks in the two markets fell. In terms of sector themes, the computing power hardware concept surged collectively, with CPO and liquid-cooled server directions showing strong performance while photovoltaic, coal, electricity, and real estate concepts weakened. On the market, CPO performed strongly, with Xinyisheng 20CM hitting the limit up and reaching a historical high, while Dongtianwei, Zhongji Xuchuang, and Shijia Guangzi rose by over 10%. In the liquid-cooled server sector, Bohui shares hit the limit up by 20CM, and Fangsheng shares and Yimikang rose by over 10%. The photovoltaic sector continued to weaken, with Yamingdon once touching the limit down during the session. In the early trading session, coal mining fluctuated at a low level, with Dayou Energy and Shaanxi Black Cat both falling by over 7%. The electricity sector continued to weaken in the early trading session, with Huayin Electric Power touching the limit down. The real estate sector saw a pullback, with Greenland Holdings hitting the limit down in early trading.