Zheng Quan Shi Bao Wang·2025-07-21 10:59Market Overview - A-shares surged on July 21, with the Shanghai Composite Index and ChiNext Index both reaching new highs for the year, while the Shenzhen Component Index broke through 11,000 points, marking a four-month high [1] - The Shanghai Composite Index closed up 0.72% at 3,559.79 points, the Shenzhen Component Index rose 0.86% to 11,007.49 points, and the ChiNext Index increased by 0.87% to 2,296.88 points, with the Northbound 50 Index gaining 2.38% [1] - Total trading volume across the Shanghai, Shenzhen, and North exchanges reached 1.7274 trillion yuan [1] Sector Performance Water and Hydropower Sector - The water and hydropower sector experienced a significant rally, with multiple stocks hitting the daily limit [3] - Key performers included Wuxin Tunnel Equipment and Jikang Technology, both up by 30%, and China Power Construction, China Western Power, and China Energy Engineering, which also reached their daily limits [3][4] - The commencement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, is expected to boost the long-term growth potential of the hydropower industry [5][6] Steel Sector - The steel sector saw strong gains, with stocks like Xining Special Steel, Bayi Iron & Steel, and Liugang Co. all hitting their daily limits [7] - The Ministry of Industry and Information Technology announced a new round of growth stabilization plans for key industries, including steel, which is expected to improve the competitive landscape and optimize supply [9][10] Non-ferrous Metals Sector - The non-ferrous metals sector also performed well, with stocks such as Yahua Group and Shenghe Resources reaching their daily limits [10] - The upcoming growth stabilization plan from the Ministry of Industry and Information Technology is anticipated to drive structural adjustments and eliminate outdated capacity in the non-ferrous metals industry [10] Humanoid Robot Sector - The humanoid robot sector became active again, with stocks like Wavelength New Materials and Changsheng Bearings hitting their daily limits [11] - The sector is expected to benefit from increased market penetration in industrial inspection and household services, with leading manufacturers making significant progress in technology development and commercial orders [13]