On August 1st, the Shanghai Composite Index fluctuated narrowly in the morning session and then declined in the afternoon. Both the Shenzhen Component Index and the chinext Index plunged during the trading session, but the losses narrowed towards the end of the trading day. By the close of trading, the Shanghai Composite Index dropped 0.37% to 3,559.95 points, the Shenzhen Component Index fell 0.17% to 10,991.32 points, the chinext Index declined 0.24% to 2,322.63 points, and the STAR 50 Index fell 1.06%. The combined trading volume of the Shanghai, Shenzhen and Beijing stock markets was 1.62 trillion yuan, a decrease of more than 340 billion yuan compared with the previous day. In terms of industries, sectors such as insurance, securities, military industry, oil, and semiconductors declined, while logistics, environmental protection, media, and pharmaceuticals rose. The photovoltaic industry chain, AI applications, and computing power concepts were also active.
Citic Securities (601066) stated that the current market sentiment has cooled down from an excited state. It is expected that there will be A phase of consolidation and fluctuation, which is also conducive to the stable and long-term development of the slow bull market in the A-share market. In the short term, pay close attention to when the US dollar index will weaken again and the progress of the Sino-US game. Key industries to focus on include: semiconductors, AI applications, humanoid robots, innovative drugs, nonferrous metals, national defense and military industry, transportation, and non-banking finance, etc.
Analysis of Investment Opportunities Today
AI will strongly drive the growth of electricity demand
The International Energy Agency predicts that by 2030, the power consumption of global data centers will more than double to approximately 945TWh, accounting for nearly 3% of the total global power consumption. The United States, China and Europe will be the main growth regions for data centers.
Citic Securities stated that recently, major overseas companies have successively raised their capital expenditure expectations and continue to maintain high investment in the AI field. The demand is growing rapidly, while the supply of power transmission and distribution equipment is generally tight. Chinese power equipment manufacturers are presented with development opportunities. Since 2022, the export of China's primary equipment has remained highly prosperous. From January to June 2025, the year-on-year growth rate of power transformer exports was approximately 40% or more, continuing the high growth trend. It is expected that overseas major manufacturers will continue to make high capital expenditures related to AIDC. Domestic leading electrical equipment manufacturers will see the realization of related orders, and the subsequent incremental elasticity will continue to be released.
The anti-internal competition in the express delivery industry is expected to be implemented first
Since July, the policy end of the express delivery industry has actively responded to the call to rectify "involvemy-style" competition. On the 8th, the Party Leadership Group meeting of the State Post Bureau clearly opposed "involvemy-style" competition. On the 29th, it once again mentioned the governance of "involvemy-style" competition in accordance with regulations. The top-down positive policy promotion and the consensus reached by all parties have become the favorable wind to relieve the recent pressure on the price end.
Citic Securities believes that since July, "anti-internal competition" has become a key word in the express delivery industry. The express delivery industry is also expected to be the first to implement "anti-internal competition". Considering the implementation regions and prices, as well as the competition among various express delivery companies, different progress signals may become the driving force for the repeated catalysis of industry valuation repair. As the peak season approaches, it is expected to provide strong support on the price side. Under the catalysis of the Beta market trend in the industry sector, we continue to recommend companies whose fundamental recovery and resonance are gradually showing, and whose valuation recovery elasticity is greater. At the same time, we continue to recommend companies that activate the growth effect of the transaction volume and maintain the growth expectation of net profit and cash flow.
Other news that affects the market
The implementation plan for the digital transformation of the machinery industry was released
Recently, eight departments including the Ministry of Industry and Information Technology issued the "Implementation Plan for Digital Transformation of the Machinery Industry", which proposes that by 2027, digital and intelligent technologies will be widely applied in various links such as product research and development design, production and manufacturing, operation and management, and operation and maintenance services. The proportion of enterprises with intelligent manufacturing capability maturity at level two or above will reach 50%, and no less than 200 outstanding intelligent factories will be built. Drive the steady improvement of the digital and intelligent levels of R&D design, production manufacturing, and supply chain management in mechanical enterprises. Cultivate a group of system solution providers who are proficient in both the industry and digitalization, form no less than 200 outstanding scenario-based solutions, and significantly enhance service capabilities. By 2030, large-scale enterprises in the machinery industry will basically complete one round of digital transformation. The upstream and downstream of the industrial chain and supply chain of key enterprises will achieve data interconnection, sharing and collaboration. Backbone enterprises will deeply apply artificial intelligence technology. The proportion of enterprises with a maturity level of intelligent manufacturing capability at or above level will reach 60%. No less than 500 outstanding intelligent factories will be built. A complete, secure and controllable product and service supply system has basically taken shape, and the digitalization and intelligence level of the industry has been significantly enhanced.
More than 100 new robot models will be showcased at the 2025 World Robot Conference
On August 2nd, the press conference for the 2025 World Robot Conference was held in Beijing. Chen Ying, vice chairman and secretary-general of the Chinese Institute of Electronics, introduced that the main forum of the 2025 World Robot Conference is divided into three chapters: "Industry Development", "Innovative Application" and "Technology Integration", with over 400 domestic and foreign scientists, representatives of international organizations, academicians and entrepreneurs attending and exchanging ideas. The expo features three major exhibition halls: the Innovation Hall, the Application Hall, and the Technology Hall. It gathers over 1,500 exhibits from more than 200 domestic and foreign robot enterprises, including ABB, KUKA, Festo, Estun (002747), Yushu Technology, Galaxy General, and CITIC Heavy Industries (601608), among which over 100 new products are making their debut. Fifty humanoid robot whole machine enterprises will bring their latest exhibits and industry solutions. The number of humanoid robot whole machine enterprises participating in the exhibition has set a record for similar exhibitions.
A ton-class unmanned aircraft has completed the transportation of materials on an offshore platform for the first time
According to CCTV News, China's independently developed electric vertical take-off and landing aircraft with a tonnage or above has for the first time achieved material transportation flights on far-sea oil platforms. This breakthrough not only innovates the mode of maritime material replenishment but also marks a crucial step forward for China in the application of low-altitude logistics scenarios on land and sea.
Leshan Electric Power: Adjust the sales price of residential gas in accordance with the price
Leshan Electric Power (600644) announced on the evening of August 3 that on August 1, 2025, its wholly-owned subsidiary, Leshan Gas Co., LTD. (in which the company holds 78.49% of the shares), received the "Notice on Adjusting the Sales Price of Residential Gas in Accordance with the Price" from the Leshan Development and Reform Commission, and will adjust the sales price of residential gas in accordance with the price. The adjustment scope covers residential users within the gas supply range of Leshan Gas Co., Ltd. and non-residential users subject to residential gas prices. The company stated that this price adjustment will have a certain impact on the company's gas business revenue in 2025, and it is expected to increase the company's gas sales gross profit by approximately 2.7 million yuan in 2025.