The Northbound 50 Index continues to show strength.

On October 15th, the A-share market opened slightly lower in the morning, with the Shanghai Composite Index opening down by 0.57% and continuing to decline, with the intraday drop once exceeding 1.5%. However, market sentiment picked up afterwards, and the declines for the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index were significantly narrowed.

The Northbound 50 Index continued its strong performance from yesterday, with a straight-line lift during the trading session to be the first to turn red, currently up by more than 2%.

In terms of individual stocks, the disclosure of third-quarter earnings forecasts is in full swing recently, and the share prices of many companies that have disclosed positive forecasts have risen sharply this morning. In addition, two A-share companies resumed trading today, and both stocks hit their upper limit during the trading session.

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Several major indices turned red at one point during the session.

Today, the overall A-share market opened lower, with the Shanghai Composite Index opening down by 0.57%, and the intraday drop once exceeding 1.5%; the Shenzhen Component Index opened down by 0.40%, and at one point fell by more than 1.6%; the ChiNext Index opened down by 0.73%, and at one point fell by more than 2%. However, after a rapid decline at the beginning of the session, all major indices showed a clear lift, turning red at one point.

The Northbound 50 Index continued its strong performance from yesterday, continued to attack after turning red, once up by more than 4%, and is still up by more than 2% as of press time.

The STAR 50 Index also saw a significant lift during the session, once up by nearly 2%.

In terms of major industry sectors and tracks, as of press time, the daily chemical, petroleum, public transportation, and non-ferrous metal sectors are at the forefront of the decline, while the construction and software service sectors are leading the gains.

Several stocks on the Beijing Stock Exchange are among the top gainers. Hongzhi Technology's gain exceeds 20%, and stocks such as Airong Software and Shengnan Technology have gains exceeding 10%.In terms of margin data, the financing balance has regained its upward momentum. As of October 14th, the financing balance of the three markets in Shanghai, Shenzhen, and Beijing reported 1,578.023 billion yuan, an increase of 6.424 billion yuan compared to the previous trading day.

Looking ahead to the market, Everbright Securities stated that a significant increase in volatility is likely to be a positive signal. On one hand, under historical experience, a significant increase in market volatility is usually a positive sign; on the other hand, a significant increase in volatility implies a significant improvement in the previously sluggish market sentiment. This also reflects a significant recovery in investors' confidence in the economy and the stock market. From a long-term perspective, this may indicate the beginning of a new round of economic and market medium-term reversal.

Huatai Securities believes that the revaluation of Chinese assets driven by the "9·24 policy combination" has entered the second phase of policy verification. The first is to verify the deployment of incremental fiscal policies, and the second is to verify the effectiveness of existing policies in stabilizing real estate sales and preventing a decline. The ultimate focus is on the stabilization of credit. Although the high slope phase of the index has ended, under high trading sentiment, sectoral opportunities may diverge, and industry differentiation may increase.

Several stocks with good performance forecasts have surged.

Rui Ming Technology's performance forecast for the first three quarters of 2024 released last night showed that the company expects a net profit attributable to shareholders of listed company shareholders of 209 million yuan to 229 million yuan for the first three quarters of 2024, an increase of 156.51% to 181.09% compared to the same period last year.

Regarding the reasons for the performance change, Rui Ming Technology stated that in this reporting period, the company expects a significant year-on-year increase in net profit attributable to shareholders of listed company shareholders, mainly due to the rapid growth in revenue and gross profit from overseas business.

Rui Ming Technology's stock price hit the daily limit during trading.

Brother Technology's performance forecast for the first three quarters of 2024 released last night showed that the company expects a net profit attributable to shareholders of listed company shareholders of 30 million yuan to 39 million yuan for the first three quarters of 2024, an increase of 1035.07% to 1375.60% compared to the same period last year.

Regarding the reasons for the performance change, Brother Technology stated that the increase in performance for the first three quarters of 2024 is mainly due to the rise in prices and sales volume of some of the company's vitamin products, as well as a reduction in the provision for inventory depreciation of some products.

Brother Technology's stock price once surged by more than 4% during trading.North Hua Chuang's performance forecast for the first three quarters of 2024, which was disclosed last night, indicates that the company expects the net profit attributable to the shareholders of the listed company for the first three quarters of 2024 to be between 4.13 billion yuan and 4.75 billion yuan, an increase of 43.19% to 64.69% compared to the same period last year.

Regarding the reasons for the performance changes, North Hua Chuang stated that, firstly, the company has meticulously studied customer needs, enriched its product matrix, and expanded its process coverage, maintaining a good development trend in its main business, steadily increasing market share, and achieving a robust year-on-year growth in revenue for the first three quarters. Secondly, as the company's revenue scale continues to expand, the platform advantage gradually emerges, operational efficiency continues to improve, and the cost-to-income ratio steadily declines, leading to a continuous year-on-year growth in the net profit attributable to the shareholders of the listed company for the first three quarters.

North Hua Chuang's stock price once surged by more than 5% during the morning trading session.

Two A-share companies resume trading with both stocks hitting the daily limit up.

Today, two A-share companies resumed trading, and both stocks hit the daily limit up.

Chengdi Xiangjiang opened strong and hit the daily limit up in the morning.

Chengdi Xiangjiang disclosed the plan for the issuance of A-shares to specific objects for the year 2024 last night. The plan shows that the issuance object is Zhongdian Zhi Suan, which intends to subscribe to all the shares of this issuance in cash. The issuance to specific objects constitutes a related transaction.

The announcement stated that the pricing benchmark date for the issuance to specific objects is the resolution announcement date of the seventh meeting of the fifth board of directors. The issuance price is 5.00 yuan per share. Chengdi Xiangjiang's announcement shows that the proposed issuance quantity is about 139 million shares, with the total fundraising amount not exceeding 697 million yuan, all used to supplement working capital and repay debts.

*ST Zhongrun also opened and hit the daily limit up in the morning.

*ST Zhongrun issued a cautionary announcement last night regarding the proposed change in control rights and equity changes due to the agreement transfer of shares by the controlling shareholder. On October 13, 2024, Ningbo Ransheng Shengyuan Investment Management Partnership (Limited Partnership) (hereinafter referred to as "Ransheng Shengyuan") and its concert parties Ningbo Meishan Free Trade Port Area Ransheng Shengchang Investment Management Partnership (Limited Partnership) (hereinafter referred to as "Ransheng Shengchang"), Hangzhou Huicheng No. 1 Investment Partnership (Limited Partnership) (hereinafter referred to as "Hangzhou Huicheng") signed the "Share Transfer Agreement of Zhongrun Resources Investment Co., Ltd." (hereinafter referred to as the "Share Transfer Agreement") with Shandong Zhaojin Ruining Mining Co., Ltd. (hereinafter referred to as "Zhaojin Ruining"), according to which Zhaojin Ruining will acquire all the shareholder rights corresponding to the 186 million shares of Zhongrun Resources held by Ransheng Shengyuan, Ransheng Shengchang, and Hangzhou Huicheng under the terms and conditions stipulated in the Share Transfer Agreement. After the completion of the share transfer, Zhaojin Ruining will hold 186 million shares of Zhongrun Resources, accounting for 20.00% of the total number of shares issued by Zhongrun Resources.The announcement states that on October 13, 2024, Ran Sheng Sheng Yuan signed the "Voting Rights Waiver Agreement on Zhongrun Resources Investment Co., Ltd." with Zhaojin Rui Ning. After the completion of the delivery under the "Equity Transfer Agreement," Ran Sheng Sheng Yuan voluntarily waived the exercise of all voting rights represented by the remaining 93.647 million shares (accounting for 10.08% of the total shares of the listed company) held by it.

The announcement indicates that, in summary, after the aforementioned transactions are completed, Zhaojin Rui Ning will hold 186 million shares of Zhongrun Resources, accounting for 20.00% of the total shares of Zhongrun Resources. The controlling shareholder of the company will change to Zhaojin Rui Ning, and the actual controller will change to the People's Government of Zhaoyuan City. The share agreement transfer involved in this transaction still needs to be reviewed by the state-owned assets supervision and administration institution, confirmed for compliance with the Shenzhen Stock Exchange, and an application for share transfer registration shall be filed with the Shenzhen Branch of China Securities Depository and Clearing Corporation.