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<A Shrs>Mixed Performance in A-shares: Shanghai Index Rises; Aluminum and Innovative Drug Stocks Climb; Coal and Power Stocks Decline
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According to the Financial Times, US President Donald Trump stated that indirect negotiations between the US and Iran, conducted through intermediaries in Pakistan, are progressing well, and a ceasefire agreement with Iran "may" be reached soon. The RMB to USD central parity rate was set at 6.9223, down 82 pips from the previous day. The People's Bank of China today (30th) conducted a seven-day reverse repurchase operation in the open market, totaling RMB2.695 trillion, with the operation rate unchanged at 1.4%. Today, RMB80 billion of reverse repos matured, resulting in a net injection of RMB2.615 trillion. The three major A-share indices opened lower and closed higher, with the Shanghai Index reversing its decline, while the Shenzhen and ChiNext indices narrowed their losses significantly. The Shanghai Composite Index rose 9 points or 0.2% to close at 3,923 points, with a turnover of RMB839.8 billion. The Shenzhen Component Index fell 34 points or 0.3% to 13,726 points, with a turnover of RMB1.08 trillion. The ChiNext Index fell 22 points or 0.7% to 3,273 points, with a turnover of RMB454 billion. Among Chinese banks, Industrial and Commercial Bank of China (601398.SH) reported an annual net profit increase of 0.7% to RMB368.562 billion, with a final dividend of RMB0.1689 per share, and its stock price opened lower but closed up 2.3%. China Construction Bank (601939.SH) reported an annual net profit of RMB338.9 billion, up 1%, with a final dividend of RMB0.2029 per share, and its stock price opened lower but closed up nearly 1%. Additionally, BYD (002594.SZ) reported an annual net profit of RMB32.619 billion, a YoY decline of 19%, with a final dividend of RMB0.358 per share. The company plans to use no more than RMB60 billion of idle funds for entrusted wealth management, and its stock price initially fell but later rose by 0.7%. CATL (300750.SZ) fell 0.8%. EVE Energy (300014.SZ) opened lower and fell 4.6%, with plans to invest approximately RMB60 billion in a 60GWh energy storage (power) battery project. International oil prices rose, with PetroChina (601857.SH) up 3.1%. Its net profit last year fell by 4.5% YoY, and it plans to distribute a cash dividend of RMB0.25 per share. Capital expenditure for the oil, gas, and new energy segments is expected to be RMB220.8 billion in 2026. Sinopec (600028.SH) rose 1.2%. Aluminum stocks rose following attacks on two Middle Eastern aluminum companies, with Tianshan Aluminum (002532.SZ) hitting the daily limit. The company expects first-quarter net profit to increase by 107.92% YoY. Minfa Aluminum (002578.SZ) and Chang Aluminum (002160.SZ) also hit the daily limit. Coal stocks declined, with Liaoning Energy (600758.SH) hitting the daily limit. Yunmei Energy (600792.SH) fell 2.7%. Power stocks continued to decline, with Jinko Power (000767.SZ) and Huadian Liao Energy (600396.SH) both hitting the daily limit. Chip stocks fell, with SMIC (688981.SH) A-shares down 1.7%. Hua Hong (688347.SH) A-shares fell 1.6%. AI chip stock Cambricon (688256.SH) also fell 1.4%. Domestic GPU stocks Muxi (688802.SH) and Moore Threads (688795.SH) rose 4.8% and 0.7%, respectively. Innovative drug concept stocks continued to rise, with Tianjin Pharmaceutical (600488.SH) and Menova (603538.SH) both hitting the daily limit. Wanbangde (002082.SZ) and Shutaishen (300204.SZ) rose 5.4% and 3.6%, respectively. Haier Smart Home A-shares (600690.SH) continued to decline, falling another 2.9% today. Its net profit for 2025 was RMB19.553 billion, a YoY increase of 4.39%. The company plans a dividend of RMB8.867 per 10 shares and intends to repurchase A-shares worth RMB30 billion to RMB60 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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