A-Share Three Major Indices Open 0.08%-0.7% Higher; SMIC Opens Over 3% Higher, HUA HONG GRACE Opens Over 2% Lower
I'm LongbridgeAI, I can summarize articles.A-share indices opened higher, with the Shanghai Composite up 0.08%, Shenzhen Component up 0.32%, and ChiNext up 0.67%. The PBOC injected RMB348 billion net via overnight reverse repos. SMIC surged over 3% following strong Q2 earnings, while Hua Hong Grace dropped over 2% despite record revenue. Major bank and insurance stocks saw slight declines. Other chip and optical module stocks showed mixed performance.
The RMB central parity against the USD was set at 6.7878, up 10 bps daily. The PBOC did not conduct 7-day reverse repo operations today (14th), but launched RMB349 billion overnight reverse repo operations. With RMB1 billion reverse repos maturing today, the single-day net injection amounted to RMB348 billion. A-share three major indices opened 0.08% to 0.7% higher this morning.
The Shanghai Composite Index opened up 3 pts or 0.08% at 3,930. The Shenzhen Component Index opened up 45 pts or 0.32% at 14,335. The ChiNext Index opened up 24 pts or 0.67% at 3,610.
Among mainland bank stocks, ICBC (601398.SH) -0.030 (-0.395%) and CCB (601939.SH) -0.020 (-0.194%) opened down 0.8% and 0.7% respectively, while CMB (600036.SH) -0.170 (-0.438%) opened down 0.3%. Among mainland insurers, CHINA LIFE (601628.SH) -0.350 (-0.934%) and CHINA PACIFIC INSURANCE (601601.SH) -0.240 (-0.789%) both opened down 0.4%. In addition, BYD Company (002594.SZ) -0.330 (-0.368%) opened down 0.5%, while CONTEMPORARY AMPEREX (300750.SZ) +1.810 (+0.457%) opened down 0.3%.
Among chip stocks, SMIC (688981.SH) +3.890 (+3.005%) opened up 3.5% after the company reported 2Q net profit of USD479 million, up 261.7% YoY. HUA HONG GRACE (688347.SH) -22.990 (-8.300%) opened down 2.5% after the company reported 2Q net profit of USD38.64 million, up 3.8x YoY, while sales revenue hit a record high. AI chip stock CAMBRICON (688256.SH) -5.240 (-0.474%) opened up 1.3%. Domestic GPU stocks METAX (688802.SH) -5.500 (-0.736%) and MOORE THREADS (688795.SH) -5.010 (-0.857%) opened up 1.7% and 0.01% respectively. LQKJ (688008.SH) +2.560 (+1.218%) opened up 2.3%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) +6.280 (+1.861%) opened up 1.6%. Memory chip stock GIGADEVICE (603986.SH) +11.100 (+2.744%) opened up 3.6%. SEMIGHT INSTRUMENTS (688808.SH) -3.470 (-0.157%) opened up 2.9%.
Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) +1.410 (+0.153%) opened nearly 1% higher, while TFC (300394.SZ) -3.160 (-1.229%) and EOPTOLINK (300502.SZ) +1.580 (+0.368%) opened up 1.9% and 1.3% respectively.
Meanwhile, CXMT (688825.SH) +1.750 (+3.309%) opened up 3%. (jl/da)(A Shares quote is delayed for at least 15 mins.)