Sou Hu Cai Jing·2025-12-24 07:47Market Performance - The three major indices strengthened again, with the Shanghai Composite Index rising by 0.53%, the Shenzhen Component Index increasing by 0.88%, and the ChiNext Index up by 0.77%. The STAR Market 50 Index rose by 0.9%. Over 3,900 stocks in the two markets were in the green, with a total trading volume reaching approximately 1.88 trillion yuan [2] AI and Liquid Cooling Sector - AI power and liquid cooling concept stocks led the gains, with Zhongheng Electric (002364.SZ) and Maigemeite (002851.SZ) both rising by 10%, and Oulutong (300870.SZ) increasing by over 9%. Haibosi Chuang (688411.SH) saw significant gains. According to a report from Western Securities, NVIDIA's GTC conference in 2025 revealed that orders for Blackwell and Rubin are estimated at around 14 million GPUs for the next five quarters, with the liquid cooling market size for NVIDIA projected to be conservatively/optimistically around $6.9 billion/$9.7 billion by 2026. The domestic liquid cooling market is expected to see high growth opportunities due to the rapid increase in the adoption of AI super node integrated systems [3] Commercial Aerospace Sector - The commercial aerospace sector experienced a resurgence, with Chaojie Co., Ltd. (301005.SZ) rising by 20%, Shenjian Co., Ltd. (002361.SZ) achieving five consecutive trading limits, and Aerospace Power (600343.SH) increasing by 10%. Aerospace Development (000547.SZ) rose by over 9% [4] IPO and Reusable Rockets - The China Securities Regulatory Commission disclosed that Blue Arrow Aerospace's IPO counseling work has been officially completed, with China International Capital Corporation as the counseling institution. Open Source Securities stated that the large-scale application of commercial aerospace heavily relies on low-cost, high-frequency launch capabilities, with reusable rockets being key. China's recoverable rockets have entered the engineering verification stage, with multiple rocket types, including Blue Arrow's Zhuque-3 and Long March 12甲, undergoing intensive test flights. It is expected that the next three years will see a phase of simultaneous launching and iteration in commercialization [5] Photovoltaic Sector - The photovoltaic sector showed strong fluctuations, with perovskite battery stocks leading the gains. Dongfang Risen (300118.SZ) rose by over 10%, Junda Co., Ltd. (002865.SZ) hit the daily limit of 10%, and Saiwu Technology (603212.SH) and Maiwei Co., Ltd. (300751.SZ) also saw increases. Analysts noted that perovskite batteries possess core advantages such as ultra-lightweight, low cost, high radiation resistance, and flexibility, making them a revolutionary solution to address energy bottlenecks in space and support the scaling of the space economy [5] Semiconductor Sector - Semiconductor concept stocks were active, with Huahai Chengke (688535.SH) rising by 12.88%, Demingli (001309.SZ) increasing by over 9%, and both SMIC (688981.SH) and Chipone (688521.SH) also seeing gains. Reports indicated that SMIC has implemented price increases on some production capacities, with an increase of about 10%. Additionally, NVIDIA has informed Chinese customers that it plans to deliver its second-ranked AI chip, H200, to them in mid-February next year [6] Declining Sectors - The precious metals, liquor, and insurance sectors weakened, with Western Gold (601069.SH), Kweichow Moutai (600519.SH), and New China Life Insurance (601336.SH) all experiencing declines [7]