The A-share market advanced steadily today, with key indices including the Shanghai Composite, Shenzhen Component, and ChiNext Index all rebounding from crucial psychological levels. More than 4,300 stocks recorded gains, while trading volume saw a slight decrease to 2.22 trillion yuan.

Sector performance was led by agriculture, new energy, pharmaceuticals, and power grid equipment. In contrast, oil services, industrial metals, fiberglass, and communication equipment were among the decliners.

Real-time Wind data indicated significant net inflows of main funds: the power equipment sector attracted over 17.1 billion yuan, basic chemicals over 14.3 billion yuan, and computers over 10.5 billion yuan. Pharmaceuticals and machinery equipment each saw inflows exceeding 7 billion yuan, while construction, electronics, and agriculture all received more than 5 billion yuan.

Notable individual stock movements included China Energy Engineering with net inflows surpassing 3.2 billion yuan. Firms such as Talkweb Information, Shannon Semiconductor, GCL System Integration, and Zongshen Power each attracted over 2 billion yuan. Eight other stocks, including Sanan Optoelectronics and Biwin Storage, recorded inflows exceeding 1 billion yuan.

Market focus centered on the new energy industry chain, which has sustained a strong upward trend. Today, several sub-sectors—including wind power, solar thermal power, and green electricity—saw their indices hit record highs. Energy storage, photovoltaics, and lithium batteries experienced a wave of limit-up gains. Taijia Co. surged to the 10% upper limit five times in ten sessions, while Jinkai New Energy recorded three limit-ups in six days. Hanhe Cable and Shunna Shares both notched three consecutive days of limit-up gains.

According to EVTank, global energy storage battery shipments are projected to reach 651.5 GWh in 2025, a 76.2% year-on-year increase. Chinese companies are expected to account for 614.7 GWh, representing 94.4% of the global market share.

GGII forecasts that China’s energy storage lithium battery shipments will exceed 850 GWh by 2026, with the absolute growth in the energy storage market likely to surpass that of power batteries for the first time. However, only 250–300 GWh of new effective production capacity is expected to come online in 2026. Given the current supply-demand mismatch in 2025 and the concentration of large orders at the beginning of 2026, the gap between energy storage battery supply and market demand is expected to persist.

Soochow Securities noted that major energy storage markets, including China and the U.S., have entered a new growth cycle, with Europe and emerging markets also showing strong momentum. This is expected to support a doubling of growth in 2026–2027, indicating sustained high expansion and robust industry chain vitality over the next two to three years.

Amid the orderly progress of spring farming, agricultural stocks have also shown strength. Sectors such as pest control, glyphosate, grain, and fertilizer concepts saw significant volume-driven gains during the midday session. Companies like YAS Group, Dunhuang Seed, and Yuegui Shares surged by the 10% limit.

Related segments including pork, aquaculture, feed, and agricultural prices also posted substantial gains. Stocks such as COFCO Tech, Lihua Co., Xiangjia Shares, and JuXing Agriculture were among the top performers.

Huaan Securities emphasized that while short-term pressures exist, medium- to long-term confidence in the technology sector remains firm. In an uncertain environment, identifying and adhering to relatively stable opportunities is a prudent strategy. Seasonal infrastructure projects and sectors with clear improvement trends may receive premium valuations in the near term. Despite potential volatility, the broader AI industry chain is widely regarded as a core long-term growth driver.