A-share market opens fast! A-share opens low and goes high! The first quarter report "report card" becomes a magic mirror. Wuliangye Yibin(000858.SZ) stock price breaks 100, hitting a 6-year low.

On April 29th, the three major A-share indexes opened lower and then rose. As of 9:44 am, the Shanghai Composite Index rose by 0.03%, the Shenzhen Component Index rose by 0.49%, and the ChiNext Index rose by 0.54%. In terms of individual stocks, the first-quarter "report card" was a mirror reflecting reality, with top students hitting the daily limit up and bottom students hitting the daily limit down. In the food sector, Anjoy Foods Group and Sichuan Teway Food Group hit the daily limit up. In the gaming sector, Tianyu Digital Technology Group and Yoozoo Interactive hit the daily limit up. The storage chip sector was active, with Fujian Raynen Technology hitting the daily limit up. The computing power leasing concept was also active, with Jiangsu Lettall Electronic hitting the daily limit up. The power sector was also active, with Shenyang Huitian Thermal Power hitting the daily limit up. However, CPO stocks saw adjustments, with Linktel Technologies and Veken Technology dropping. In the spotlight, Wuliangye Yibin opened more than 2% lower and fell below 100 yuan, reaching a new low since April 2020. In terms of news, Wuliangye Yibin announced that the disclosure of the 2025 annual report and the 2026 first-quarter report would be delayed until after the market close on April 30, 2026. Looking ahead, Zheshang stated that the market is showing extreme styles, with the top 5% of stocks accounting for 46% of daily trading volume, indicating potential market volatility. In terms of opportunities, considering the volatility caused by the ChiNext Index and the uncertainty in the Middle East, it may be advisable to allocate to dividend-related stocks (especially energy-related ones). Hot sectors include: 1. Food stocks are strong, with Anjoy Foods Group, Sichuan Teway Food Group, Guilin Seamild Foods, Bestore Co.,Ltd., Yanker Shop Food, Nanfang Black Sesame Group, and Fujian Wanchen Food Group all showing gains. 2. The storage chip sector is active, with Fujian Raynen Technology, Shannon Semiconductor Technology, Shenzhen Longsys Electronics, Shenzhen Dawei Innovation Technology, and Ingenic Semiconductor all showing gains. Institutional views: - Zheshang: Market shows extreme differentiation, short-term caution and wait for the right opportunity. - Sinolink: Expect accelerated growth in CPO driven by large-scale AI clusters and focus on industry chain companies. - CICC: Expect prosperity trading to dominate again. This article was originally published on "Tencent Stock Selection" and translated by Chinett Chen.