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A-Share Three Major Indices Slip 0.1%-1.3% at Midday; Chinese Banks Advance, PCB Stock DELTON (001389.SZ) Issues Profit Alert but Shares Fall Over 8%
2026-10-12 12:08:58 The second China-Europe trade and investment consultation regular meeting reached 16 outcomes, with consensus to hold another meeting in Mar next year. The RMB central parity against the USD was set at 6.7313, up 17 bps daily. The PBOC conducted RMB50 billion of seven-day reverse repo operations today (12th), with the interest rate unchanged at 1.4%. Meanwhile, RMB300 billion of reverse repos matured, resulting in a net withdrawal of RMB250 billion in a single day. The three major A-share indices opened down 0.2% to 0.7%, then fluctuated within a narrow range, falling 0.1% to 1.3% by midday. The Shanghai Composite Index fell 4 pts or 0.12% to 3,809, with turnover of RMB464.896 billion. The Shenzhen Component Index fell 129 pts or 1.03% to 12,512, with turnover of RMB548.494 billion. The ChiNext Index fell 38 pts or 1.27% to 3,004, with turnover of RMB261.56 billion. Major Chinese bank stocks advanced, with ICBC (601398.SH) rising 2.1%, CCB (601939.SH) up 2.5%, AGRICULTURAL BANK (601288.SH) up 2.3%, CMB (600036.SH) up 2.5%, and BANK OF CHINA (601988.SH) up 2.4%. Among Chinese insurers, CHINA LIFE (601628.SH) gained 0.8%, PING AN OF CHINA (601318.SH) added 0.2%, and THE PEOPLE'S INSURANCE (601319.SH) rose 0.3%. In addition, BYD Company (002594.SZ) obtained approval for the design patent of its embodied intelligent robot, though its shares slipped 0.2%. CONTEMPORARY AMPEREX (300750.SZ) rose 1.1% after a fund it invested in completed private equity registration filing. In the chip sector, HUA HONG GRACE (688347.SH) fell nearly 3%, while SMIC (688981.SH) declined 1.1%. AI chip stock CAMBRICON (688256.SH) rose 0.6%. Domestic GPU stocks METAX (688802.SH) dropped 0.7% and MOORE THREADS (688795.SH) slid 3.1%. LQKJ (688008.SH) fell 1.8%. Memory chip stock GIGADEVICE (603986.SH) declined 3.1%. SEMIGHT INSTRUMENTS (688808.SH) dropped 5.8%, while CXMT (688825.SH) fell 3.1%. Among the three major optical module players known as "Yi Zhong Tian", ZHONGJI INNOLIGHT (300308.SZ) fell 4.3%, EOPTOLINK (300502.SZ) dropped 2.5%, while TFC (300394.SZ) rose 0.4%. Optical fiber stock YANGTZE OPTICAL FIBRE (601869.SH) declined 4.3%. YUSHU TECHNOLOGY (688836.SH) fell 2.6%. Fiberglass giant CJS (600176.SH) rose nearly 1% by midday after releasing a profit growth forecast announcement last Friday. Net profit for the first three quarters is expected to range from RMB5.136 billion to RMB5.393 billion, up 100% to 110% YoY. PCB stock DELTON (001389.SZ) fell 8.2% by midday to RMB141.91. The company expects net profit for the first three quarters this year to range from RMB1.45 billion to RMB1.5 billion, representing YoY growth of 100.33% to 107.23%. Basic EPS is expected to range from RMB3.42 to RMB3.54. Automotive PCB giant KINWONG ELECTRONIC (603228.SH) edged down 0.9% by midday. Its 3Q net profit attributable to owners of the parent is expected to range from RMB912 million to RMB1.089 billion, up 205.46% to 264.74% YoY. (jl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. 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. | |