Today, the main stock indexes in A-shares are mixed.

As of the close, the Shanghai Composite Index fell by 0.82% to 2721 points, hitting a low of 2710 points during the session, continuing to set new lows since February 6th. The Shenzhen Component Index rose by 0.39%, and the CHINEXT Price Index rose by 1.19%.

Over 3500 shares fell, with a total trading volume of 499.6 billion yuan for the whole day, a decrease of 28.1 billion yuan from the previous trading day.

On the market, the Ningde lithium selection plant will stop production, leading to a surge in lithium mining stocks, with multiple stocks such as Ganfeng Lithium and Tianqi Lithium hitting the limit up. The surge in lithium mining stocks led to a rally in the battery sector, with solid-state batteries and blade batteries taking the lead. The biological products sector saw an increase, with Shuangcheng Pharmaceuticals hitting the limit up. The sectors with the highest increase include hundred-yuan stocks, fluorine chemical, and photovoltaic equipment.

The 3D camera sector declined, with Lianchuang Electronic Technology hitting the limit down; the education sector declined, with Qtone Education Group leading the decline; bank stocks generally fell, with multiple stocks like Bank of Suzhou falling by over 5%; dividend stocks, smart TV, and duty-free shops were among the sectors with the largest decline.

Specifically:

Many lithium battery concept stocks hit the limit, Jinyuan Electronics, Lianchuang Electronics, and Defotech Technology all hit a 20% daily limit. Narada Power Source rose more than 17%, Dynanonic rose more than 10%, Ganfeng Lithium, Tianqi Lithium, Yongsheng Lithium, and Jinyuan EP all hit the limit. Tinci Materials rose more than 9%, Kaisheng New Materials, Yongxing Materials rose more than 6%, Chengxin Lithium rose more than 5%, Tibet Mineral Development, Jiangxi Special Electric Motor rose more than 4%, and Contemporary Amperex Technology rose nearly 3%.

On the news front, there are reports that Contemporary Amperex Technology has suspended production at the Xiaxiaowu Mine in Yichun. An industry insider reached out to a large lithium mica company in Yichun for verification and when asked if CATL's mine in Yichun was shut down, the person responded "yes".

The photovoltaic sector surged, with Jiangsu Goodwe Power Supply Technology rising more than 12%, Beijing Qianjing Landscape hitting the limit, Ginlong Technologies rising more than 8%, Suzhou Good-Ark Electronics, Sungrow Power Supply, ATES, and Shangneng Electric Appliances all rose more than 4%, Hemai Holdings and Wuxi Autowell Technology rose more than 3%.

The CRO concept rose, with Hainan Shuangcheng Pharmaceuticals hitting the limit, Haoyuan Pharmaceuticals rising more than 7%, SinoMab Bioscience rising more than 5%, Pharmaron, Wuxi AppTec rising more than 3%, Asymchem Laboratories, and Joinn Laboratories rising more than 2%.

Banks and other dividend concepts plummeted, with Hua Xia Bank, Bank of Suzhou, Bank of Nanjing falling more than 5%, China Yangtze Power falling more than 4%, China Petroleum & Chemical Corporation, Chongqing Rural Commercial Bank, Bank of Shanghai, Bank of Beijing, Bank of China falling more than 3%, Agricultural Bank of China, Bank of Communications, China Construction Bank, Postal Savings Bank of China, and CNOOC falling more than 2%.

The Internet e-commerce sector led the decline, with Global Top E-commerce down by the maximum limit, Lionhead Technology Development down by over 5%, Kai Chen Corporation, San Tai Corporation, and Nanji E-commerce down by over 4%, Guangzhou Ruoyuchen Technology, Shanghai Lily&Beauty Cosmetics, and Focus Technology down by over 2%.

High-priced stocks continue to fall sharply, with Dazhong Transportation and Kunshan Kersen Science & Technology hitting the limit for 3 consecutive days, LBX Pharmacy Chain, Shanghai Good-ark Electronics, and Sunyes Manufacturing hitting the limit for 2 consecutive days, Ways Electron falling by nearly 9%, and Zhejiang Rifa Precision Machinery falling by over 5%.

Education stocks continue to decline, with Qtone Education Group (Guangdong) down by over 6%, Shanghai Xinnanyang Only Education & Technology down by over 5%, Joinn Laboratories down by over 4%, China Hi-tech Group down by over 3%, and Offcn Education Technology down by over 2%.

Looking ahead, China International Capital Corporation believes that although there are still many suppressive factors internally and externally in the near future, the market itself is in a value range, and during the index adjustment period, attention should be paid to changes in positive factors at the margin. The recent market has exhibited some characteristics of a bottoming out trend. The correction of leading stocks is often a common phenomenon during historical stage bottoms. Subsequently, attention will be focused on the progress of fiscal expenditures, as well as the marginal impact of the pace of interest rate cuts by the Federal Reserve on China's monetary policy, exchange rates, and capital markets.