Focus on the daily blockbuster news of the A-share market! Before reading the text, you must know one thing: there are not a few main funds that will be stupid enough to pull the stock price straight up to the limit as soon as the good news comes out, so please be patient and let the good fly for a while, maybe you will find different investment opportunities!

[Domestic and foreign financial news/A-share market outlook].

Surprise 1: The central bank, the State-owned Assets Supervision and Administration Commission and other central ministries and commissions have stabilized the economy!

Event: After the close of A-shares yesterday, the central bank, the State-owned Assets Supervision and Administration Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce and other central ministries and commissions are all favorable. In terms of the central bank, it launched a reverse repurchase operation of 470 billion yuan yesterday, with a net investment of 142 billion yuan; State-owned assets said that the central enterprises should go through the economic cycle and support enterprises to open the "second curve" of growth; The Ministry of Industry and Information Technology said that it will continue to increase R&D investment, focus on computing power, models, and data to consolidate the foundation of key technologies, and also issued the "Guide to the Construction of a Comprehensive Standardization System for Smart Home"; The Ministry of Commerce said that it will increase financing support for foreign trade enterprises and support qualified localities to explore the construction of cross-border e-commerce service platforms.

Comments: Judging from the previous sets of economic data, although some industries have begun to recover in October, such as consumption and services, not all industries are collectively improving. In order to achieve the economic growth target set at the beginning of the year in the fourth quarter, in the last two months, the top management will still spare no effort to release all kinds of economic stability benefits. After the close of A-shares yesterday, a number of central ministries and commissions, including the central bank, the State-owned Assets Supervision and Administration Commission, the Ministry of Industry and Information Technology and the Ministry of Commerce, have made new moves, which should be just part of the recent intensive economic stabilization. This morning, the State Council Information Office has a regular briefing, and it is not ruled out that there will be new benefits that will continue to land. In terms of the A-share market, various favorable policies implemented in the fourth quarter of this year will support the rapid recovery of GDP in the next few quarters, and will also form a strong medium-term support for the stock market! This is also one of the main reasons for the strong reversal of the A-share market at the end of September!

Surprise 2: Major shareholders reduce their holdings in a different way, and the loophole in the transfer of A-share agreements needs to be plugged in time!

Event: Recently, with the gradual activity of the A-share market, there has been an increase in the number of cases of major shareholders of listed companies "reducing their shareholdings" through transfer by agreement. In this type of agreement transfer, private equity funds that mainly invest in the secondary market frequently "appear".

Comments: According to Jingyang, the controlling shareholders or actual controllers of three companies have transferred part of their shares to private equity funds through agreement transfer this week, and all of them have completed the transfer registration procedures. In addition to these three companies this week, there are 10 other companies that have also transferred equity to private equity funds throughout November. It is worth noting that the number of shares recently transferred by major shareholders of many companies even exceeds 5% of the company's total share capital, and major shareholders have transferred half of their shares in listed companies to private equity funds. Obviously, this is a new routine for major shareholders to reduce their holdings in disguise under the new rules on reducing shareholdings. In just one month, more than a dozen companies have completed a significant reduction in holdings through this routine, and if it is not restricted, it will definitely have a huge impact on the entire market! As ordinary retail investors, we can only hope that the regulators have noticed this loophole in the system and will quickly fill it in the near future.

Market prediction: In the first four trading days of this week, the A-share market has come out of the trend of bottoming out, although the rebound is not too large, but it has also largely eliminated the panic caused by last week's sharp fall. From a technical point of view, in the next period of time, the market may build a small-level box platform between the 10-day line and the 30-day line, and the rise and fall will not be too large. When the short-term moving averages converge, the broader market will make another choice of direction. Based on the recent market news, capital and fundamentals, the probability that the market will eventually change upwards will be greater.

[Industry/Sector/Theme Concept News Reviews].

Surprise 3: AI large models and AI applications have exploded strongly, and institutions have begun high-frequency research!

Event: Yesterday, Baidu released its third-quarter financial report, which showed that Baidu's large model-related business had made greater breakthroughs and progress than a year ago. Specifically, the number of users of Wenxin Yiyan has increased from 70 million in November last year to 430 million in November this year, an increase of more than 500% in one year. As of early November this year, the average daily call volume of Baidu's Wenxin model has exceeded 1.5 billion, an increase of about 30 times compared with the 50 million times first disclosed a year ago.

Comments: This news is good for AI large models and AI applications. In the past year or two, AI large models and AI applications were still in the accumulation period, but this year's explosive speed has shown a significant growth trend. In addition to Baidu's Wenxin Yiyan, in terms of U.S. stocks, Jingyang noticed that the stock price of North American AI application companies represented by AppLovin and Palantir has risen by more than 7 times this year, while the share price of AI chip giant Nvidia in the same period has increased by less than 2 times! This shows that many AI application companies in the United States have entered the performance realization period, and their commercialization process will quickly have a positive impact on China's AI midstream and downstream industries. In terms of the A-share market, AI large models and AI applications are new hot spots in the recent past, and according to Jingyang's observation, institutions and investors only began to increase their positions intensively last Wednesday. Since AI large models and AI applications are the final direction of the main force, the short- and medium-term explosiveness and sustainability will not be too bad.

Hype cycle: midline

Burst strength: ★★★★★

Trading strategy: The fundamental logic of AI large models and AI applications is gradually clear, and the recent capital has resonated, so the short- and medium-term performance is still worth looking forward to. However, despite this, the sector index has also seen three consecutive gains, and by yesterday's close it was slightly overbought. It is not ruled out that there will be shocks in the next few days, but most of them will not destroy the upward trend.

Related companies (including but not limited to): Sanshi Co., Ltd. (301558), Insigma (600797), Fushi Holdings (300071), Xinguodu (300130), Wondershare Technology (300624), etc.

Fierce material four: the lithium battery industry chain is about to bottom out! The industry expects prices to bottom out next year!

Event: At the 2024 Gaogong Lithium Annual Meeting held recently, Liu Jincheng, chairman of EVE, said, "The wind and rain rainbow, the industry has entered a new stage of rational and benign, which is a real judgment of our market. Zeng Yuqun, chairman of CATL, also said, "Maybe any policy will have short-term twists and turns and blows to us, but in the long run, human efforts to deal with the new energy vehicle industry and climate change will not decrease, and the ultimate goal is to achieve the sustainable development of the common home." ”

Comments: The news is good for the lithium battery sector. In recent years, as the price of lithium carbonate has continued to weaken, lithium battery production capacity has experienced deep clearance. Many industry insiders believe that lithium carbonate prices will begin to gradually rise after hitting the lowest point in the first quarter of next year. It is expected that the price of battery main materials will enter an upward cycle in the second quarter of next year, and the price war will also press the pause button. In the A-share market, solid-state batteries have been the main line of the market recently, and solid-state batteries themselves are a branch of lithium batteries. Therefore, in the lithium battery sector recently, there are also many stocks that have been increased by institutions and funds. From the perspective of fundamental logic, lithium batteries and photovoltaics are both in the dilemma of the anti-transformation market, and some large funds deliberately choose to land at the inflection point of the industry's fundamentals, and play enough in advance!

Hype cycle: midline

Explosive strength: ★★★★

Trading strategy: The recent news of power batteries and lithium batteries is a lot better, and the fundamental logic is gradually taking shape, coupled with the sniping of institutions and funds, the short-term elasticity of the sector will not be too bad. At present, the trend of the sector is stable, and if the sector index pulls back appropriately and encounters support near the 5-day or 10-day line, you can consider entering the market to buy low.

Related companies (including but not limited to): Engjie (002812), Dow Technology (300409), Rongjie (002192), Tianqi Lithium (002466), etc.

Surprise five: Huawei exposes the latest folding screen models, and new product iterations drive the accelerated development of the industry!

Event: On November 21, "Huawei Terminal" released a video announcing that Huawei Mate X6 is equipped with a distributed Xuanwu architecture, and hinted that the mobile phone will have more powerful upgrades in terms of heat dissipation and reliability. It is understood that the Mate X6 is Huawei's new flagship model in the field of folding screens, and it is expected to achieve innovative breakthroughs in hinges, architecture and other aspects.

Comments: This news is good for the concept of folding screens. Huawei is the leading enterprise of folding screen mobile phones in China, and its new product launch will bring a positive boost to the entire industry! With the gradual consolidation of the hardware foundation of folding screen mobile phones and the continuous growth of user scale, folding screen mobile phones will enter a period of stable increment in the future, and the overall penetration rate will grow rapidly! In terms of the A-share market, the folding screen is the most interesting subdivision of the consumer electronics theme, but according to Jingyang's observation, the recent involvement of institutional funds in the folding screen sector is not large, and in the past 1 month, only 3 companies in the sector have been significantly increased by institutional seats. It shows that the main force is still in a state of absorbing chips, and I am afraid that it will not rise sharply before the chips are fully absorbed.

Hype cycle: midline

Explosive strength: ★★★

Trading strategy: The current penetration rate of folding screens is low, so there is more room for growth in the future. In the case of strong fundamental logic, as long as the market is not bad, large funds will flow in sooner or later. Therefore, before the trend of this type of sector is formed, patient investors can consider lurking in light positions. However, if it is only short-term speculation, you need to wait for institutions or floating capital to further increase their positions before you can consider following up.

Related companies (including but not limited to): OFILM (002456), Shenzhen Tianma A (000050), TD Optics (002632), Lingyi Intelligent Manufacturing (002600), Guanghong Technology (300735), etc.

[Dragon and Tiger List/Floating Capital/Major Institutions Rebalancing Analysis].

Key

snipers of tour capital bosses: Ningbo Sangtian Road: net purchase of Dinglong Technology (chemicals) 16.3477 million, Shangtang Road: net purchase of Binhai Energy (solid-state battery) 28.99 million, Yuanlong Yatu (AI application) 36.05 million; Fang Xinxia: net purchase of supply and marketing Daji (retail) 74.199 million, Heertai (Moore Threads) 118 million, Zhang Mengzhu: net purchase of Songfa shares (equity transfer) 31.3391 million.

Position adjustment of the capital boss sector: a small amount of solid-state batteries, AI applications, retail, and Moore threads; Medium-sized reduction in consumer electronics, and a small reduction in equity transfer, robotics, environmental governance, 5G, semiconductors and online car-hailing.

Institutional funds bought in a single day (10 million): blue lithium core 002245, solid-state batteries, 3 institutions bought 94.1686 million, which was the most net buying stocks by institutions on the previous trading day. Transwarp Technology 688031, data elements, 1 institution bought 25.4739 million, accounting for 8.98%, which was the largest proportion of net buying by institutions on the previous trading day.

Institutional funds continued to buy within 10 days (10 million): Lianchuang shares 300343, solid-state batteries, from November 20th to November 21st, institutional funds bought 2 times, and on November 21, the net purchase was 39.7223 million, and the institutional buying volume increased significantly compared with before. Shifeng Culture 002862, AI application, from November 15th to November 21st, institutional funds made 2 net purchases, and on November 21, the net purchase was 18.6038 million, and the institutional buying volume decreased slightly compared with before. Three-dimensional chemical 002469, chemical raw materials, from November 14th to November 21st, institutional funds bought 2 times, and on November 21, the net purchase was 62.0026 million, and the institutional buying volume increased significantly compared with before. Bohai shares 000605, environmental governance, from November 11th to November 21st, institutional funds bought 2 times, and on November 21, the net purchase was 17.8598 million, and the institutional buying volume decreased slightly compared with before.

Analysis of the overall trend of institutional funds: on the previous trading day, institutions bought 11 stocks with a net purchase of more than 10 million and sold 9 stocks with a net sale of more than 10 million. On Thursday, the A-share market fluctuated in a narrow range, and the buying and selling orders of institutional seats continued to be released slightly, but the selling orders were released more, so the net inflow of institutional funds shrank slightly compared with Wednesday.

Analysis of the flow of institutional funds: From the perspective of the flow of funds in the sector, in terms of the main line of hot spots (the main direction of institutions in the near future), solid-state batteries have been increased by the middle of institutional seats, there are obvious differences in AI applications, and the inflow and outflow of institutional funds are basically flat; Robots and photovoltaics were reduced in small amounts.

In terms of non-mainline hotspots (a small number of institutions have participated in the direction in the near future), commercial aerospace and equity transfer have been moderately increased, and chemical raw materials, wind power, chemical fiber, and data elements have been increased in a small amount; The folding screen was reduced by a medium margin, and Moore Threads and consumer electronics were reduced by a small amount. On Thursday, the controllable nuclear fusion, superconductivity, black household appliances, etc., which were among the top gainers, did not have any signals from institutions or floating capital to increase their positions.

Overall, the trading activity of institutional seats continued to release slightly on Thursday, but the trading activity of floating capital declined significantly, and there was a net outflow for the first time in the last week or two. From the perspective of sector capital flow, institutions continue to increase their positions in near-term solid-state batteries, but reduce their positions in robots and photovoltaics. The commercial aerospace that has not yet rotated in this round of the market has been increased by institutions, which is worth noting! In terms of floating capital, there is no concentrated buying direction.

[News Change/Fund Change].

In the past week, Jingyang's "A-share fierce material" abnormal stock highlights:

This Thursday's "A-share fierce news": Lianchuang shares, Yibin Paper, Sunrise Oriental, strong skyrocketing!

This Wednesday's "A-share fierce news": Yuegui shares, Sunrise East, strong skyrocketing!

This Tuesday's "A-share fierce news": Bohai shares, Dinglong Technology, strong skyrocketing!

This Monday's "A-share fierce news": Yuegui shares, Sunrise East, strong skyrocketing!

Last Friday's "A-share fierce news": Tianyu Digital Technology soared strongly!

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This article is from Jingyang's financial self-media matrix, released before 6 o'clock in the morning every trading day, I hope you can keep abreast of the latest news of the A-share market industry, sectors and listed companies through this article, as well as the latest position adjustment trends of various main funds. In the choice of direction, try to achieve the resonance of news and funds, so as to greatly improve the winning rate!

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