「午报」三大指数均小幅下跌，光伏概念股集体反弹，创新药方向持续活跃

Market Overview - The market experienced a slight decline in early trading, with the three major indices down marginally. The Shanghai and Shenzhen markets had a half-day trading volume of 994.9 billion, a decrease of 147.9 billion compared to the previous trading day. Over 2,900 stocks rose, while the Shanghai Composite Index fell by 0.19%, the Shenzhen Component Index by 0.15%, and the ChiNext Index by 0.16% [1] Solar Industry - The solar sector saw a collective rebound, with stocks like Jiejia Weichuang and Shuangliang Energy hitting the daily limit. The industry is currently facing issues of homogenization and excess capacity, making it a focal point for the "anti-involution" movement. As the industry returns to standardized competition and potential supply-side reforms are implemented, the solar industry chain is expected to see a reasonable price recovery and profit restoration [3][26] - Companies with product differentiation, high-end market positioning, and brand manufacturing advantages are likely to experience early performance reversals and long-term growth [3] Express Logistics Sector - The express logistics sector became active again, with companies like Shentong Express and Yunda Holdings reaching their daily limit. A meeting held by the State Post Bureau on July 29 addressed issues of "involution" competition and illegal charges in rural areas, promoting high-quality industry development. Recent revisions to the Price Law and the Anti-Unfair Competition Law provide legal support for price stabilization in the industry [5][11] Innovative Pharmaceuticals - The innovative pharmaceutical sector continued its strong performance, with companies like Weikang Pharmaceutical and Anglikang hitting their daily limit. The development of innovative drugs in China has achieved significant progress, and measures to support high-quality development in this sector are expected to further enhance growth prospects [8][5] Market Sentiment - Overall, the market attempted to recover but fell back due to insufficient buying momentum. The short-term consolidation phase is likely to continue as the market awaits clearer signals of a turnaround [8]