A-shares are surging! CPO concept stocks are soaring!

The A-share market today (March 25) showed an overall strong performance in the morning, with the Shanghai Composite Index climbing back above the 3,900-point integer level during intraday trading.

In terms of sector highlights, the CPO concept surged and became one of the main hotspots in the A-share market in the morning.

In the Hong Kong stock market, most of the time in the morning was clearly in the green. Among Hang Seng Index constituents, Nongfu Spring rose sharply, with an intraday gain of more than 11%.

Shanghai Composite Index climbs back above 3,900 points; the CPO concept surges

The A-share market’s overall performance this morning was strong. The Shanghai Composite Index climbed back above the 3,900-point integer level during intraday trading. As of the morning close, the Shanghai Composite Index was up 0.88%, the Shenzhen Component Index was up 1.37%, and the ChiNext Index was up 1.26%.

In terms of industry sectors and tracks, if categorized by the Shenwan first-level industries, sectors such as utilities, comprehensive, social services, non-ferrous metals, communications, and building decoration led the gains, while sectors such as coal and petroleum and petrochemicals were weak.

For concept sectors, the CPO concept sector surged. The Wind Graph Module (CPO) concept index saw its intraday gain reach above 6% at one point, before the increase narrowed somewhat. Changguang Huaxin’s intraday gain once exceeded 19%, and later the increase narrowed. Mingpu Opto-Electronics hit the daily limit; Robotic Technology (Robotech), Tianfu Communications, Dekolee, and others saw gains of more than 5%. Xin Yisheng turned from rise to fall and once set a new all-time high during the session.

Two new A-share listings both surged

Today, two new A-share stocks were listed: Visione Technology and Hongming Electronics. Both new shares surged.

Visione Technology’s intraday gain in the morning exceeded 130%.

According to the prospectus, Visione Technology is a globally leading provider of micro-display integrated solutions. Its core product is silicon-based OLED microdisplay modules, and it provides value-added services to customers, including strategic product development, optical systems, and end-to-end XR solution offerings. The prospectus states that the company has become a strategic supplier to many leading downstream customers. As of the end of the reporting period, its main customers include Customer 1, Customer 2, Customer 3, Customer 4, ByteDance, Invesp Innovation, Lei Bird, Lenovo, Customer 5, Customer 6, and so on.

The other new stock, Hongming Electronics, saw its intraday gain in the morning exceed 100%.

According to the prospectus, Hongming Electronics mainly engages in the R&D, production, and sales of a new type of electronic components centered on resistor-capacitor components. It is committed to providing customers with high-performance, high-reliability electronic component products. Meanwhile, the company is also involved in precision subcomponents, whose products are mainly applied in consumer electronics fields such as tablet computers and laptop computers, as well as in areas including new energy batteries and automotive electronic structural components. The company’s electronic component products are categorized by downstream application scenarios into high-reliability products and industrial/commercial-grade products. Among them, high-reliability products are mainly used in defense fields such as aerospace, weaponry equipment, shipbuilding, and nuclear industry. Industrial/commercial-grade products are mainly used in civilian fields such as consumer electronics and automotive electronics.

Nongfu Spring in Hong Kong surges intraday

In Hong Kong, most of the time in the morning today saw clear gains. The Hang Seng Index’s intraday gain exceeded 1%, though later the increase narrowed.

Among Hang Seng Index constituents, Nongfu Spring rose sharply, with an intraday gain of more than 11%.

An annual results announcement released by Nongfu Spring last night showed that for 2025, Nongfu Spring’s total revenue was RMB 52.55B, up 22.5% year over year, and profit attributable to owners of the parent company was RMB 15.87B, up 30.9% year over year. In 2025, the Group’s drinking water business resumed growth, with full-year revenue of RMB 18.71B, up 17.3% compared with the same period in 2024. Nongfu Spring said that since 1996, it has adhered to building plants at water source locations and bottling at the water source. In 2025, it added three new water source sites: Badaqishan in Hunan, Longmenshan in Sichuan, and Nyainqentanglha (Nianqingtangula) in Tibet. In early 2026, it again added the Yungai Xueshan water source site in Yunnan. With these additions, the company now has a national layout of sixteen high-quality water source sites.

Among other Hang Seng Index constituents, stocks such as WH Group, Techtronic Industries, Ideal Auto-W, and others also posted gains and were among the top risers.

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