突然，跳水了

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index down by 0.86% and the ChiNext Index up by 0.98% as of the report time [2][5] - The CPO sector experienced a collective surge, while the real estate sector faced volatility and decline [7][15] CPO Sector Performance - The CPO sector saw significant gains, with notable stocks like Xinyi Technology hitting a 20% limit up, and other companies such as Zhongji Xuchuang and Tianfu Communication also rising [11][12] - Xinyi Technology projected a net profit of 3.7 to 4.2 billion yuan for the first half of 2025, marking a year-on-year increase of 327.68% to 385.47% due to growth in AI-related computing power investments and product demand [13] - Cambridge Technology expects a net profit of 120 to 128 million yuan for the same period, reflecting a year-on-year growth of 50.12% to 60.12%, driven by strong demand in high-speed optical modules [14] Real Estate Sector Performance - The real estate sector opened lower, with Greenland Holdings hitting a near limit down, and other companies like Wolong New Energy and Nanshan Holdings also declining [16][17] - Greenland Holdings forecasted a net loss of 3 to 3.5 billion yuan for the first half of the year, attributing the decline to reduced revenue from real estate and infrastructure due to market downturns [18] - The company indicated that the decrease in project turnover and increased financial expenses due to reduced interest capitalization contributed to the poor performance [18] Policy and Market Outlook - Current industry fundamentals remain unchanged, but there are increasing expectations for policy stimulus aimed at stabilizing the real estate market [19] - The National Bureau of Statistics emphasized the ongoing decline in real estate sales and prices, indicating that the market's stabilization is a gradual process [19]