On March 6, A-shares experienced volatile trading but trended upwards. By the midday close, the Shanghai Composite Index had risen 0.25% to 4,118.68 points. The Shenzhen Component Index advanced 0.8%, while the ChiNext Index gained 0.85%. The total trading volume for A-shares during the morning session reached 1.4 trillion yuan.
On the liquidity front, the central bank announced it conducted a 7-day reverse repurchase operation totaling 44.8 billion yuan via fixed-rate quantity bidding. The operation carried an interest rate of 1.40%, with both the bid amount and awarded amount reaching 44.8 billion yuan.
In terms of market news, the China Federation of Logistics & Purchasing released the global manufacturing Purchasing Managers' Index for February 2026. The data indicated that global manufacturing remained in expansion territory, with the overall sentiment showing a slight improvement from the previous month. The February global manufacturing PMI stood at 51.2%, up 0.2 percentage points from January, marking the second consecutive month above the 50% threshold.
Analysis of the Government Work Report by China International Capital Corporation highlighted that the economic growth target balances long-term sustainability with short-term necessities. Monetary and fiscal policies maintain a flexible and proactive stance in terms of aggregate measures, while placing greater emphasis on quality and efficiency in structural aspects. Regarding consumption, the approach combines structural measures to stimulate household spending capacity with cyclical policies to promote sustained consumption growth. In the industrial sector, the report prioritized "accelerating the cultivation of new growth drivers" and "advancing high-level technological self-reliance" as the second and third tasks in this year's government agenda, underscoring their significance and urgency.
Sector performance showed continued strength in power grid equipment stocks driven by ongoing concerns about U.S. electricity shortages, with companies like Shunna Shares and Hanlan Shares posting significant gains. Agricultural planting concept stocks also performed notably, with Dunhuang Seed Industry hitting the daily limit increase, while Denghai Seed Industry and Shennong Seed Industry among others followed suit.
China's imports of grandparent breeding stock for poultry declined by over 10% year-on-year in 2025. Additionally, outbreaks of avian influenza in France's main poultry breeding regions of Maine-et-Loire and Côtes-d'Armor during November-December 2025 further impacted domestic breeding stock imports, supporting positive sentiment toward the breeding segment.
The following section introduces four companies based on integrated analysis of latest research reports from multiple securities firms, for reference purposes only.
1. Ju Xing Agriculture & Animal Husbandry The company focuses on researching various aspects of the breeding process through its production technical team, scientifically planning animal breeding strategies, implementing multiple cost-reduction and efficiency-enhancement measures, and continuously controlling breeding costs.
2. Li Hua Co., Ltd. With yellow-feathered chickens currently in an upward cycle, the company maintains industry-leading cost efficiency and demonstrates significant excess profit per bird.
3. Xiao Ming Shares The company has further increased its market share in chick sales and is actively expanding its industrial chain through businesses focused on its core operations, such as cooperative ventures in young chicken production. This aims to promote industrial development through collaboration and resource integration.
4. Wen's Foodstuff Group Co., Ltd. As a leading enterprise in hog and yellow-feathered chicken breeding, the company's long-term stable development prospects remain favorable.
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