A-share review | GEM index rose 3.4%, leading the way in robots and hardware in computing power
The Zhitong Finance App learned that on October 28, the three major A-share indices fell slightly after collectively opening higher, and fluctuated stronger in the afternoon. By the close, the Shanghai Stock Exchange Index rose 0.91% to 3681.47 points, the Shenzhen Stock Exchange Index rose 2.02% to 11473.18 points, the GEM index rose 3.40% to 2634.76 points, Science and Innovation 50 rose 2.45% to 1282.93 points, and the Beijing Stock Exchange 50 rose 1.63% to 946.83 points. The turnover of the Shanghai and Shenzhen markets was 1628.478 billion yuan, an increase of 167.520 billion yuan compared to the previous trading day. 4,156 individual A-shares in the Shanghai and Shenzhen markets rose, 1,239 fell, 181 were flat, 74 were up or down, and 8 fell to a halt, accounting for about 74% of the rising stocks.
In terms of sectors, non-metallic materials II rose 6.17%, communication equipment rose 6.01%, automation equipment rose 5.38%, plastics rose 5.30%, components rose 4.97%, aerospace equipment II rose 4.40%, communications rose 5.01% and electronics rose 3.97% in Shenwan's primary sector; the second-tier industries with the highest declines were Liquor II, down 0.87%, and precious metals by 0.82%; in the primary sector, food and beverages fell 1.46%, and banks fell 0.58%.
driving factors
In terms of US stocks overnight, Anthropic submitted an S-1 prospectus to the US Securities and Exchange Commission on October 26, EST, disclosing that revenue for the first half of 2026 was US$16.286 billion, about 14 times that of the same period last year. Market concerns about the sustainability of AI capital expenditure have abated, and US chip stocks have risen for the third consecutive trading day. At the close of October 27, the Philadelphia Semiconductor Index rose 3.60%, the NASDAQ rose 1.18%, Western Digital rose 6.95%, AMD 5.45%, Coherent 6.45%, and Lumentum 5.88%.
On October 28, before the Korean market, SK Hynix announced results for the third quarter of fiscal year 2026, with revenue of 104.62 trillion won and operating profit of 83.33 trillion won, both higher than market expectations of 98.96 trillion won and 77.5 trillion won, net profit of 39.78 trillion won, up 216% year over year, lower than the forecast of 59.66 trillion won. The company also announced shareholder return arrangements of approximately 100 trillion won, and it is expected that the storage supply shortage will continue until 2030.
The three A-share quarterly reports were implemented intensively during the same period: from the evening of October 27 to 28, Fuhanwei's net profit for the third quarter was 425 million yuan, up 620.99% year on year, up 114% year on year, Fangzheng Technology 616 million yuan, up 327.49% year on year, and Sirup 303 million yuan, up 401.54% year on year; Xinyisheng said on the interactive platform that production and shipment volume are expected to increase significantly in the fourth quarter compared to the previous period, and the 1.6T volume pace is expected to accelerate further.
On the market, communication equipment, components, and semiconductors rose 6.01%, 4.97%, and 4.20% respectively, while the electronics and communications tier 1 industries rose by 3.97% and 5.01% respectively.
Popular sector aspects
1. The [Humanoid Robot] concept index rose 4.12%, and multiple stocks within the concept continued to rise and fall. Xiangyang Bearing rose 9.99% to break out of the five-row board, Guangyang shares rose 9.99% triple board, Wanxiang Qianchao rose 10.02% (4-day 3 board), Ningbo Dongli rose 10.03%, Wuzhou Lunar New Year rose 9.99%, Tanaka Seiki rose 19.05% (hitting 20CM rise and stop during the intraday period), and Amperon rose 14.19%; automation equipment rose 5.38%, robot actuator concept rose 5.63%, and hollow cup motors 10.67%. In terms of catalysis, on October 26, Zhiyuan released the safety-grade heavy-duty robot Genie G2 Max, with a single-arm load of 20 kg, a peak value of 50 kg, and repeated arm positioning accuracy of ≤±0.5mm. It has already been implemented in production lines for household chemicals, e-commerce, and food companies. On October 27, Musk indicated that robots will require more memory than anything else on Earth, and that the robot uses low-power DRAM rather than HBM. Genie G2 Max will debut on October 29th at 2026 Zhiyuan Innovation Day.
2. [Computing power hardware] Communication equipment increased 6.01%, components increased 4.97%. Zhongji Xuchuang rose 10.28% to 636.30 yuan, Xinyi Shengsheng rose 8.08%, JP rose 16.61%, Fangzheng Technology, Shiyun Circuit, and Guanghua Technology rose and stopped, and Yibo Technology rose 13.29%. On the catalytic side, Xinyisheng said on an interactive platform on October 27 that production and shipments in the fourth quarter are expected to increase significantly compared to the previous period, and the 1.6T volume pace is expected to further accelerate; JP's net profit for the third quarter was 233 million yuan, an increase of 114% over the previous year.
3. [Semiconductors] Semiconductors rose 4.20%, and analog chip concepts rose 6.46%. Biyiwei and Fuhanwei both rose and stopped at 20CM. Beijing Junzheng rose 18.37%, Canxin shares rose 17.50%, and Sirupu rose 11.20%. On the catalytic side, on October 28, SK Hynix announced third-quarter results. Both revenue and operating profit exceeded market expectations, and announced shareholder return arrangements of approximately 100 trillion won; A-share Fuhanwei's net profit for the third quarter was 425 million yuan, up 620.99% year on year, and Sirup 303 million yuan, up 401.54% year on year.
Adjust the section
Food and beverage fell 1.46%, and liquor II fell 2.20%, making it the industry with the highest decline on the same day. On the evening of October 27, Wuliangye disclosed net profit of 958 million yuan for the third quarter, a year-on-year decrease of 48.25%, which was a direct trigger for the weakening of the sector. In terms of individual stocks, Anji Foods fell to a halt. Gui Faxiang fell 7.67%, Jinhui Liquor fell 6.15%, Gujing Gongjiu fell 4.29%, Wuliangye fell 3.95%, and Kweichow Moutai fell 1.85%.
The financial direction of non-bank banks weakened at the same time. Securities II fell 0.87%, Oriental Wealth fell 0.55%, banks fell 0.58%, and Insurance II fell 0.44%. Precious metals fell 0.82%, Shandong gold fell 0.91%, CICC gold fell 1.72%, and Chifeng gold fell 0.53%.