On October 23, the three major indexes were mixed.

As of the close, the Shanghai Composite Index rose 0.52%, the Shenzhen Component Index rose 0.16%, the ChiNext fell 0.53%, the Science and Technology Innovation 50 Index fell 0.68%, and more than 2,500 stocks rose in the two cities, with a turnover of about 1.93 trillion yuan in Shanghai and Shenzhen today.

The

photovoltaic sector was among the top gainers, and Daqo Energy (688303. SH) rose 19.98%, TCL Zhonghuan (002129.SZ) rose 10%, Deye shares (605117. SH) rose 8.1%, and LONGi Green Energy (601012. SH) rose 6.53%, and Sungrow (300274. SZ) rose 4.68%.

On the news, according to the official website of the United States federal government, the United States Department of Commerce launched a review of the changes on October 21, considering the partial withdrawal of anti-dumping duties and countervailing duties (AD/CVD) on China's crystalline silicon photovoltaic cells, and inviting relevant parties to express their opinions, and the products involved are certain small, low-wattage, off-grid crystalline silicon photovoltaic (CSPV) cells.

The wind power sector also strengthened, with Haili Wind Power (301155. SZ) rose 20%, and Jinlei shares (300443. SZ) rose 12.5%, and Tianshun Wind Energy (002531. SZ) up 10%, Xinqianglian (300850. SZ), Yunda Co., Ltd. (300772. SZ) are all higher.

In terms of industry, the growth rate of global wind power installed capacity will continue to be strong in 2023, and according to the Global Wind Energy Report 2024 released by the Global Wind Energy Council, the wind energy industry has developed rapidly thanks to technological progress and business model innovation. In 2023, the global installed wind power capacity will be 117GW, a year-on-year increase of 50%; It is expected that the global new installed capacity will reach 131GW in 2024, with a CAGR of 9.4% over the next five years.

Military stocks were active, with UAVs (688297. SH) rose 20%, Hongdu Airlines (600316. SH) rose 6.39%, and Great Wall Military Industry (601606. SH), Xinyu Guoke (300722. SZ), China Avionics (300114. SZ) are up.

Huatai Securities pointed out that the "14th Five-Year Plan" is expected to become a critical period for the mass production of new military equipment, and new materials are the key to equipment upgrading, and related industries may fully benefit; In terms of informatization, the current boom continues to be high driven by the three factors of weapons and equipment, the increase in the informatization rate and the increase in the localization rate, and the iteration cycle of informatization equipment is relatively fast, and the relevant targets are expected to continue to maintain a high level of performance growth.

Auto stocks performed well, and Zotye Auto (000980. SZ), Cialis (601127. SH) rose 10%, and Great Wall Motor (601633. SH), BYD (002594. SZ) all recorded gains.

On the news side, a few days ago, market research company Rho Motion released data showing that in September this year, the global delivery of new energy vehicles (including pure electric vehicles BEV and plug-in hybrid vehicles PHEV) was 1.7 million, a year-on-year increase of 30.5%. The Chinese market performed particularly well, with sales of 1.1 million units, accounting for more than 60%, an increase of 47.9%.

Guojin Securities believes that auto sales in September turned positive year-on-year, exceeding expectations. The source of the unexpected is mainly the dual pull of government and auto company level policies. In addition, the brokerage expects the performance of automakers to continue to be strong in October. For the whole year, it is expected that the total retail sales for the whole year are expected to increase slightly.

On the list of decliners, short drama games, AI applications, brain-computer interfaces, etc. weakened, among them, Huace Film and Television (300133. SZ) fell 8.86%, Chinese Online (300364. SZ) fell more than 6%, and People's Daily Online (603000. SH), Xinhua Media (600825. SH) both fell.

Consumer electronics, semiconductors, securities and other sectors also weakened, and the Industrial Fortune Union (601138. SH) fell 2.48%, and Lens Technology (300433. SZ) fell 2.47%, and Cambrian (688256. SH), Ziguang Guowei (002049. SZ) all fell.

Author: Flying Fish

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