Nio's Hong Kong stock surged 15%, following the latest financial report showing that Nio achieved a historic breakthrough in Q4 2025, turning a profit for the first time. Q4 revenue reached 34.65 billion yuan, with deliveries exceeding 124,000 vehicles, both setting historical highs; the gross margin for vehicles soared to 18.1%, and a quarterly net profit of 727 million yuan was achieved. The OpenClaw concept continues to be popular, with Hong Kong stocks of large model companies like Zhipu and MiniMax rising again.
On March 11, A-shares experienced fluctuations and differentiation, with the Shanghai Composite Index slightly down, while the ChiNext rose over 1%. Computing hardware continued to rise, with active sectors including CPO and optical circuit switches. The industrial mother machine concept exploded. Oil and gas stocks adjusted again today.
After a strong opening, Hong Kong stocks retreated slightly in the morning session, with the Hang Seng Index and the Hang Seng Tech Index narrowing their gains. New energy vehicles surged, with Nio rising 15%, following the financial report that showed it achieved quarterly profitability for the first time. Tech stocks showed differentiation, with Tencent rising 2%, after reports indicated that Tencent is secretly laying out plans for a WeChat AI agent, which may be opened to all users within the year.
In the bond market, government bond futures fell across the board. In commodities, most domestic commodity futures rose, with the shipping index up 4%, while crude oil and fuel continued to plummet. Core market trends:
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A-shares: As of the time of writing, the Shanghai Composite Index is down 0.22%, the Shenzhen Component Index is up 0.37%, and the ChiNext Index is up 1.22%.
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Hong Kong stocks: As of the time of writing, the Hang Seng Index is up 0.09%, and the Hang Seng Tech Index is up 0.30%.
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Bond market: Government bond futures fell across the board. As of the time of writing, the 30-year main contract is down 0.18%, the 10-year main contract is down 0.04%, the 5-year main contract is down 0.02%, and the 2-year main contract is flat.
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Commodities: Domestic commodity futures rose broadly. As of the time of writing, the shipping index is up over 5%, with Shanghai aluminum and caustic soda up 2%, and Shanghai silver, rubber, soybean meal, and Shanghai gold up 1%. Eggs, iron ore, platinum, glass, ferrosilicon, Shanghai copper, palladium, alumina, Shanghai tin, rebar, hot-rolled coils, polysilicon, lithium carbonate, etc., are all rising, while coke, industrial silicon, pulp, asphalt, Shanghai nickel, coking coal, stainless steel, etc., are down, with fuel oil down over 7% and crude oil down 11%.
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09:46
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Lithium mining concept fluctuates and rises, Weiling Co., Ltd. hits the daily limit, Yongxing Materials, EVE, Xizang Zhufeng, Canmax Technologies, and GZRS follow suit.
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09:40
Liquid cooling server concept strengthens, Dayuan Pump hits the daily limit, FLAC, Envicool, CRUN, and YMK follow suit.
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In terms of news, the 2026 GTC conference is an AI conference hosted by NVIDIA from March 16 to 19 in San Jose, California, focusing on artificial intelligence and the next generation of AI infrastructure.
09:25
Superhard materials concept continues to be strong, HHWW hits two consecutive limits, LILIANG DIAMOND, SF Diamond, Huifeng Diamond, and Worldia follow suit.
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09:26
The Shanghai Composite Index opens up 0.01%, and the ChiNext rises 0.37%. Industrial mother machines, cybersecurity, high-speed copper connections, nuclear fusion, commercial aerospace, and CPO themes strengthen; oil and gas, coal sectors weaken, and cloud computing concept stocks adjust.
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09:21
The Hang Seng Index opens up 0.59%, the Hang Seng Tech Index rises 0.87%, NIO surges 15%, Tencent Holdings rises over 4%, and CATL and Baidu Group have significant gains.
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09:01
Commodity futures open, with the main crude oil contract down over 13%, fuel oil and pure benzene down over 8%, LU fuel down over 6%, liquefied gas, PTA, propylene, styrene, and plastics down over 5%. Shanghai silver and soybean meal rise over 2%.
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09866

399006

The concept of liquid-cooled servers is gaining strength, DAYUAN PUMP has hit the daily limit, and FLAC, Envicool, CRUN, and YMK are following suit. The superhard materials concept continues to be strong, HHWW has achieved two consecutive limit-ups, and LILIANG DIAMOND, SF Diamond, Huifeng Diamond, and Worldia are also rising. The lithium mine concept is experiencing fluctuations and rises, Weiling Co., Ltd. has hit the daily limit, and YONGXING MATERIALS, EVE, XIZANG ZHUFENG, Canmax Technologies, and GZRS are also rising

- NIO's shares surged 15% after reporting a historic quarterly profit for Q4 2025, with revenue at 34.65 billion yuan and vehicle deliveries exceeding 124,000.  
- The A-share market displayed mixed movements, with the Shanghai Composite Index slightly down while the ChiNext Index rose over 1%.  
- Commodity futures mostly increased, while government bonds saw declines, and the oil market experienced significant price drops.

Wallstreetcn

NIO-SW

NIO Inc

ChiNext

NIO Inc. USD OV

XIZANG ZHUFENG

DAYUAN PUMP

LILIANG DIAMOND

YONGXING MATERIALS

HHWW

GZRS

Envicool

CRUN

FLAC

SF Diamond

Canmax Technologies

Worldia

Tianhong CSI Computer Theme ETF

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CSI Computer Theme ETF

E Fund GEM ETF

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

The ChiNext rose by 1%, computing hardware continued to rally, the Hang Seng Index opened high but fell close to turning negative, and Nio surged by 15%