Next Week's Potential Sectors Revealed! Latest Margin Client Activity Released

Investors believe that the market will continue its downward trend or remain volatile next week.

This week (March 16-20), the A-share financing balance fluctuated at high levels, with the latest at 2,632.251 billion yuan (as of March 19). A-share financing funds showed a net repayment trend, totaling 10.741 billion yuan.

By industry, non-ferrous metals led significantly, with a net repayment of 4.074 billion yuan; petroleum and petrochemicals, and defense military industries followed, with net repayments of 2.243 billion yuan and 2.078 billion yuan respectively; power equipment and utilities ranked fourth and fifth, with net repayments exceeding 1 billion yuan each.

Electronics and basic chemicals had the largest net buying of financing funds, at 3.981 billion yuan and 2.48 billion yuan respectively; steel and light manufacturing sectors also saw net inflows, each exceeding 400 million yuan.

Major Stocks with Significant Financing Purchases

In terms of individual stocks, 80 stocks had net financing purchases exceeding 100 million yuan this week. Cambrian, Baofeng Energy, and Buwei Storage each had net buy-ins over 1 billion yuan, with Cambrian leading at 1.548 billion yuan.

Cambrian’s 2025 revenue is projected at 6.497 billion yuan, a year-on-year increase of 453.21%; net profit attributable to shareholders is 2.059 billion yuan, turning profitable from a loss. The growth is mainly driven by the sustained increase in computing power demand in the AI industry. The company continues to expand its market through excellent product competitiveness and actively promotes AI application scenarios.

Besides Cambrian, semiconductor stocks such as Buwei Storage, Demingli, and Lankei Technology also received net financing, with amounts of 1.052 billion yuan, 740 million yuan, and 334 million yuan respectively.

Baofeng Energy’s 2025 revenue is expected to reach 48.038 billion yuan, up 45.64% year-on-year; net profit attributable to shareholders is 11.35 billion yuan, up 79.09%. The significant revenue growth is mainly due to the commissioning of the coal-based new materials project in Inner Mongolia, which has significantly increased the sales of polyolefin products; meanwhile, the decline in raw material prices such as crude oil and coal has improved overall industry profitability, enhancing the company’s earnings.

Many Tungsten Stocks Show Net Repayment of Financing Funds

95 stocks experienced net repayment of financing funds exceeding 100 million yuan. Tongkun, Dongshan Precision, and China Tungsten High-tech rank the top three, with net repayments of 1.234 billion yuan, 912 million yuan, and 706 million yuan respectively; China National Offshore Oil, Huagong Tech, and Ping An of China follow, each with net repayments over 600 million yuan.

Tongkun expects a net profit attributable to shareholders of 1.95 to 2.15 billion yuan in 2025, a year-on-year increase of 62.24% to 78.88%. The company is the world’s largest polyester filament producer. As of the first half of 2025, it has a combined PTA capacity of 10.2 million tons per year and polyester filament capacity of 13.5 million tons per year. Wu Securities states that as the internal competition within the polyester chain continues, the company’s future profitability is expected to improve, and it is optimistic about its growth prospects.

It is noteworthy that tungsten industry stocks such as China Tungsten High-tech, Xiamen Tungsten, and Zhangyuan Tungsten are among the top twenty stocks with net repayment this week, with amounts of 706 million yuan, 496 million yuan, and 330 million yuan respectively. Recently, the price of black tungsten concentrate has surged significantly, reaching 1.0196 million yuan/ton, up 31.1% since the end of February; ammonium paratungstate (APT) is priced at 1.515 million yuan/ton, up 29.61% since the end of February.

Jianghai Securities points out that in the short term, due to the lack of incremental supply, continued demand release, and low inventory levels, tungsten powder prices still have room for further increases; from a medium- to long-term perspective, the supply-demand gap for tungsten ore may further widen, and high tungsten prices are expected to become the new normal. The tungsten sector remains a promising investment opportunity.

Next Week’s Two Key Sectors Are Favored by Investors

This week, the Shanghai Composite Index fell a total of 3.38%, breaking below 4,000 points, closing at 3,957.05 points.

On March 21, Data Treasure timely released the weekly survey “What’s the Probable Market Trend Next Week?” As of the report, over 3,200 readers had participated in the voting—thank you for your support!

The survey results show that investors’ profit-taking effect was poor this week, with only 12% reporting gains. Those with losses within 10% accounted for 43%; losses between 10% and 20% accounted for 27%.

Regarding positions, about 45% of investors are fully invested or leveraged. In terms of position changes this week, 24% of investors increased their holdings; 19% reduced; and 46% held steady, observing market developments.

This week, A-shares accelerated their decline, and investors believe the market will continue downward or remain volatile next week, with optimism waning. The survey data shows that 37% of investors expect the market to “continue to decline and break below 3,900 points,” the most mainstream view; 34% expect the market to “range sideways between 3,900 and 4,000 points”; and 22% are optimistic, expecting the market to “continue rising and surpass 4,000 points.”

From Sector Perspective, Technology and Financials Are Most Favored

Both sectors saw a 2 percentage point increase in investor attention compared to previous data. From a conceptual standpoint, the most关注 sectors are power grid, computing power, storage chips, artificial intelligence, and commercial aerospace/satellite internet, at 18%, 14%, 13%, 11%, and 11% respectively.