New energy concept stocks strengthened across the board in early trading, with sectors like energy storage, controlled nuclear fusion, ultra-high voltage, and photovoltaic equipment collectively rallying. Xingyuan Environment surged by the 20% daily limit within minutes.
During the morning session on December 11, A-shares experienced minor fluctuations, with the Shanghai Composite Index oscillating around 3,900 points and the CSI 300 repeatedly testing 4,600. The ChiNext Index edged slightly higher, while over 4,300 stocks declined amid stable trading volumes.
Leading the gains were sectors including new energy, precious metals, newly listed stocks, and communication engineering, while aquatic products, general retail, real estate, and West Strait economic zones lagged.
**New Energy Maintains Strong Growth Momentum** New energy concept stocks opened strong, with wind power equipment leading the charge. The sector index rose over 3% on heavy volume, surpassing yesterday’s full-day turnover in just an hour. Goldwind Technology hit the limit-up, followed by Double One Technology, Taisheng Wind Energy, Yunda Shares, and Mingyang Smart Energy.
Energy storage, controlled nuclear fusion, ultra-high voltage, and photovoltaic equipment sectors also advanced. Xingyuan Environment surged by its 20% daily limit within two minutes of opening, while China Tianying, Hanhe Cable, Snowman Group, and Goldwind Technology similarly skyrocketed.
Amid global carbon neutrality commitments, the new energy sector has expanded rapidly. The Global Wind Energy Council forecasts global wind power capacity additions to reach 981GW by 2030, with annual installations hitting 164GW—an 8.8% CAGR. The International Energy Agency projects solar PV to account for 70% of new power capacity by 2030, driven by cost reductions and emerging markets.
Domestic energy storage installations totaled 31.77GW/85.11GWh in the first three quarters of 2025, maintaining high growth rates of 19.3% (power) and 28.41% (capacity) year-on-year. Global utility-scale storage tenders remain robust, with Chinese firms securing major overseas orders. Industry forecasts predict energy storage cell shipments to hit 473GWh by 2026, up 22% YoY.
Guosheng Securities noted that market-driven pricing in new energy may slow expansion in oversupplied regions while stabilizing returns in areas with better grid absorption, particularly favoring wind power. Deepening power market reforms and widening peak-valley price gaps further highlight energy storage’s investment potential.
**Silver Prices Hit Record Highs** Precious metal stocks opened higher, with the sector index briefly up over 3%. Shandong Gold International, Zhuye Group, Nanmin Mining, and Zangge Mining led gains.
Spot silver in London breached $62/oz, marking an eighth consecutive monthly rise and a 114% YTD surge. Domestic silver futures also hit record highs, up 4% intraday and nearly 93% YTD—extending a four-year bull run.
The Silver Institute highlighted rising demand for silver in AI, data centers (for next-gen semiconductor packaging), solar PV, and EVs due to its superior conductivity. Ping An Securities expects persistent supply deficits to drive silver prices higher, given limited production elasticity.
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