Market Overview - A-shares opened lower but rallied towards the end of the trading session, with the Shenzhen Component Index recovering above 11,000 points and the ChiNext Index gaining support around 2,300 points [1] - Nearly 4,000 stocks rose, while trading volume shrank to 1.52 trillion yuan [1] Sector Performance - Defense, precious metals, gaming, and humanoid robotics sectors saw significant gains, while commercial vehicles, sports, professional chains, and photovoltaic equipment sectors experienced declines [3] - The machinery equipment sector attracted over 11.5 billion yuan in net inflows, with defense and military industries receiving over 9.7 billion yuan [3] - Other sectors like electronics and automotive also gained over 5 billion yuan, while building materials, social services, real estate, and food and beverage sectors saw net outflows exceeding 1 billion yuan [3] Company Highlights - Hanyu Pharmaceutical surged, reaching a 20% limit up, marking a two-and-a-half-year high with a trading volume of 4.69 billion yuan and a turnover rate of 29.65% [3] - The innovative drug sector index rose for the sixth consecutive day, achieving a record closing high, with several companies like Hanyu Pharmaceutical, Haichen Pharmaceutical, and others hitting their upper limits [5] Strategic Developments - Hanyu Pharmaceutical signed a strategic cooperation agreement with digital asset platform KuCoin to explore the first RWA tokenization pilot project in mainland China, focusing on innovative drug development [5] - The collaboration aims to introduce a new financing and value discovery mechanism in the biopharmaceutical sector, leveraging Hanyu's expertise in GLP-1 peptide drugs [5] - Hanyu also announced a strategic partnership with Borui Pharmaceutical to enhance collaboration in peptide drug development and commercialization [6] Market Outlook - Huatai Securities indicated that the A-share market may enter a period of increased volatility, with a relatively controllable downside risk [6] - The market's reduced trading volume suggests a cautious stance among investors, with a focus on high-dividend stocks and sectors like large finance, innovative drugs, and military industries for medium-term strategic allocation [6]