The Shanghai Composite Index closed at 3505 points, marking a 0.42% decline, whereas the Shenzhen Component Index and ChiNext Index closed up 0.56% and 1.73%, respectively. Among the notable gainers, the ERP concept, CPO sector, NVIDIA concept, and Wisdom Spectrum AI sectors stood out with substantial increases. Conversely, the coal, power, and oil and gas exploration sectors exhibited weakness. The surge in the CPO sector was fueled by robust earnings from Newease Technology and Cambridge Technology. NVIDIA's H20 chip approval for sale in China boosted related concept stocks. Coal stocks faced pressure, primarily due to Dayou Energy's anticipated loss of 820 million yuan, largely influenced by declining coal prices. Power stocks declined overall, with Huayin Electric Power hitting the daily limit down. Despite a forecasted earnings increase, Daye Co., Ltd. saw a sharp drop in its share price due to shareholder reductions. Looking ahead, institutions remain optimistic about structural investment opportunities in sectors such as supply-side reform, rare earths, technology finance, and banking.