Market Overview - The overall market showed a mixed performance with the Shanghai Composite Index up by 0.17% while the Shenzhen Component Index fell by 0.77% [1] - More than 3,500 stocks declined across the two markets, indicating a significant downward trend [1] Industry Performance - Strong performing sectors included steel, oil and petrochemicals, and media, with the steel sector seeing a 63% profit increase among key enterprises in the first half of the year [2] - The oil and petrochemical sector benefited from macro policy support and seasonal demand, while the media sector was boosted by successful film releases and consumer promotion policies [2] - Weak performing sectors included electric equipment, computers, and automobiles, with the electric equipment sector facing disappointing earnings reports and price declines [2] Future Outlook - The A-share market is expected to see a combination of policy and industrial upgrades that may drive continuous rotation in market styles [3] - The cyclical sectors are anticipated to experience valuation recovery due to supportive policies and increased infrastructure investment [3]