CATL(SZ:300750) Di Yi Cai Jing·2025-09-25 07:33Core Viewpoint - The stock market showed mixed results on September 25, with the Shanghai Composite Index slightly declining while the Shenzhen Component and ChiNext indices increased, indicating a divergence in market performance [1][2]. Market Performance - The Shanghai Composite Index closed at 3853.3 points, down 0.01% - The Shenzhen Component Index closed at 13445.9 points, up 0.67% - The ChiNext Index closed at 3235.76 points, up 1.58% - Total trading volume in the Shanghai and Shenzhen markets reached 2.37 trillion yuan, an increase of 443 billion yuan from the previous trading day [1][2]. Sector Performance - Strong sectors included gaming, internet e-commerce, industrial metals, and controllable nuclear fusion concepts, while port shipping and engineering machinery sectors were weak [4]. - The gaming sector saw a rise of 2.46%, with Kunlun Wanwei increasing over 7% [5][6]. - The controllable nuclear fusion concept also performed well, with Changfu Co. rising over 8% [6]. Individual Stock Highlights - Ningde Times' stock price exceeded 400 yuan, reaching a new historical high - Zhongji Xuchuang increased over 2%, with a trading volume of 21.6 billion yuan - ZTE Corporation's stock rose nearly 5%, with a trading volume exceeding 12 billion yuan [6]. Fund Flow - Main funds saw net inflows in sectors such as computers, electrical equipment, and machinery, while there were net outflows in transportation, real estate, and banking sectors [7]. - Notable net inflows included Langchao Information, Huagong Technology, and Luoyang Molybdenum, with inflows of 3.784 billion yuan, 2.891 billion yuan, and 2.315 billion yuan respectively [7]. Institutional Insights - CITIC Securities noted that the trading volume in A-shares has slightly decreased but remains around 2 trillion yuan, which is conducive to maintaining market activity [8]. - Guodu Securities highlighted the structural opportunities in the ChiNext, emphasizing the importance of AI hardware and new energy sectors [8]. - Everbright Securities reiterated that technology remains a key focus, suggesting partial profit-taking while maintaining exposure [8].