Venture(US:VEMLY) Jin Rong Jie·2025-09-05 07:08Market Overview - On September 5, A-shares experienced a significant rebound, with the Shanghai Composite Index rising by 1.24% to 3812.51 points, reclaiming the 3800-point mark. The Shenzhen Component Index increased by 3.89% to 12590.56 points, while the ChiNext Index surged by 6.55% to 2958.18 points. The STAR Market 50 Index rose by 3.39% to 1268.55 points [1] - The total trading volume for the day was 2.35 trillion yuan, a decrease of 233.5 billion yuan compared to the previous trading day, with over 4800 stocks rising across the market [1] Key Sectors New Energy Sector - The new energy sector saw a substantial surge, with lithium mining, solid-state batteries, and Kirin batteries leading the gains. Stocks such as Ganfeng Lithium, Enjie, and Huasheng Lithium all hit the daily limit [1][2] - The government issued guidelines to promote the orderly layout of the photovoltaic and lithium battery industries, indicating a significant turning point for core industries in the new energy sector [2] Computing Hardware Sector - Computing hardware stocks rebounded, particularly in the CPO direction, with Shenghong Technology nearing a 20% limit up, reaching a new historical high. Other stocks like Tengjing Technology and Qingshan Paper also hit the limit [3] - OpenAI is set to collaborate with Broadcom to produce its self-developed AI chips starting next year, marking a trend towards self-developed high-performance computing chips among tech giants [3] Sports Industry - The sports industry sector experienced a notable rise, with stocks like Lisheng Sports and Huayang Racing hitting the limit. The State Council issued opinions to enhance sports consumption and promote high-quality development in the sports industry, aiming for a total scale exceeding 7 trillion yuan by 2030 [4] Institutional Insights - China International Capital Corporation (CICC) noted that the rapid rise in A-share trading does not hinder the mid-term trend, despite potential short-term adjustments. The current A-share valuation is reasonable, with a PE ratio below 14, indicating a relatively low level globally [5] - CITIC Securities stated that there are no substantial negative factors in the current market, attributing previous declines to a drop in risk appetite. The market may experience a sideways trend similar to early 2015, which could build momentum for the next upward phase [6][7] - Zheshang Securities highlighted that the decline in interest rates is a key driver of the current A-share market rally, with long-term growth potential remaining strong, particularly in hard technology sectors like robotics, semiconductors, and new energy [8]