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<A Shrs> A-shares Three Major Indices Rise 0.3% to 0.9% at Midday; Lithium Mining Stocks Surge; Innovative Drug Concept Stocks Rise
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US President Donald Trump has extended the suspension of attacks on Iranian energy facilities until the 6th of next month. The RMB to USD central parity rate is set at 6.89141, up 85 bps from the previous day. Today (27th), the People's Bank of China conducted a seven-day reverse repurchase operation in the open market, totaling RMB1.462 trillion, with the operation rate unchanged at 1.4%. Today, RMB205 billion of reverse repos matured, resulting in a net injection of RMB1.257 trillion. The profits of industrial enterprises above designated size in China rose by 15.2% YoY in the first two months, accelerating by 14.6 ppts compared to the whole of last year. The three major A-share indices opened lower but moved higher. The Shanghai Composite Index closed at 3,899 points at midday, up 10 points or 0.3%, with a turnover of RMB490.8 billion; the Shenzhen Component Index closed at 13,732 points, up 125 points or 0.9%, with a turnover of RMB649.8 billion; the ChiNext Index closed at 3,299 points, up 27 points or 0.8%, with a turnover of RMB276 billion. Bank stocks were weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) set to announce results, both falling 0.5% and 1% respectively. China Life Insurance (601628.SH) continued to fall by 1.2%. China Mobile (600941.SH) fell 0.9%, with its 2025 profit attributable to shareholders at RMB137.1 billion, down 0.9% YoY. Chip stocks were stable, with Semiconductor Manufacturing International Corporation (688981.SH) A-shares up 0.5%, with annual net profit of USD685 million, up 39% YoY. Hua Hong Semiconductor (688347.SH) A-shares rose 0.3%, with annual net profit of USD54.88 million, down 5.6%, no dividend declared. AI chip stock Cambricon Technologies (688256.SH) fell 0.8%. Domestic GPU stocks were weak, with Muxi Co., Ltd. (688802.SH) down 1.3%, with its 2025 net loss narrowed to RMB789 million. Moore Threads (688795.SH) fell 1.2%, as the company launched the "Liangchao Zhihui" integrated computing platform in collaboration with Silicon Zhenxin. Optical communication concept stocks rose, with Taijing Technology (603738.SH) hitting the limit up. Tengjing Technology (688195.SH) rose 8.7%. Innovative drug concept stocks rose, with Wanbangde Pharmaceutical (002082.SZ) and Menova Pharmaceutical (603538.SH) both hitting the limit up. Additionally, Contemporary Amperex Technology Co. Limited (300750.SZ) opened high and rose 3.1%. BYD (002594.SZ) also rose 2.1%. Lithium mining stocks surged, with Jiangte Motor (002176.SZ) hitting the limit up. Yongxing Materials (002756.SZ) rose 9.2%. Haier Smart Home A-shares (600690.SH) fell 3.9%, with its 2025 net profit at RMB19.553 billion, up 4.39% YoY, proposing a dividend of RMB8.867 per 10 shares, and planning to repurchase A-shares worth RMB3 billion to RMB6 billion. (ta/da) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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