Venture(US:VEMLY) Xin Hua Cai Jing·2025-11-24 07:44Market Overview - On Monday, A-shares saw a rebound with all three major indices closing in the green. The Shanghai Composite Index closed at 3836.77 points, up 0.05%, with a trading volume of 715.5 billion yuan. The Shenzhen Component Index rose 0.37% to 12585.08 points, with a trading volume of 1012.2 billion yuan. The ChiNext Index increased by 0.31% to 2929.04 points, with a trading volume of 482.3 billion yuan. The total trading volume for both markets was 1.73 trillion yuan, a decrease of 237.9 billion yuan from the previous trading day [1]. Sector Performance - The commercial aerospace sector saw significant gains, with ten stocks hitting the daily limit. The military industry also performed well, with China Shipbuilding Defense rising for four consecutive days. AI application stocks surged, with several stocks like Jiuxi Software and Shenguang Group hitting the daily limit. Conversely, lithium mining stocks fell sharply, with Shengxin Lithium Energy hitting the daily limit down. The computing hardware sector weakened, with major player Industrial Fulian also hitting the daily limit down [2]. Institutional Insights - According to Jifeng Investment Advisory, the market showed resilience with the China Shipbuilding sector leading gains. The overall upward trend is expected to remain stable due to sustained long-term capital support and controlled leverage, reducing the likelihood of significant declines. With policy stimulus, A-shares are anticipated to align with economic recovery. Investment opportunities are recommended in high-growth sectors such as semiconductors, consumer electronics, AI, robotics, and low-altitude economy [3]. - Citic Securities noted that the volatility in global risk assets is primarily a liquidity issue, with an over-reliance on AI narratives. If the pace of industrial development does not match market expectations, appropriate valuation corrections may occur. The release of U.S. non-farm payroll data and the adjustment of interest rate cut expectations have triggered corrections in high-valued assets, amplifying concerns about the sustainability of AI infrastructure in North America [4]. Company News - Industrial Fulian stated that it has not lowered its profit target for the fourth quarter. The company confirmed that its overall operations, including the shipment of products like GB200 and GB300, are proceeding as planned, with strong customer demand and normal production and shipment processes [5]. - Alibaba's AI assistant app, Qianwen, achieved over 10 million downloads within the first week of its public testing, indicating strong market interest and engagement [6]. Scientific Developments - China has officially launched an international scientific program in the field of fusion energy, with the BEST experimental device research plan being globally announced. This initiative aims to advance fusion energy research, often referred to as the "artificial sun," with participation from scientists from over ten countries [7].