Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of August 25, there are 936 stocks with a circulating market value below 3 billion yuan, and 389 stocks with a circulating market value below 2 billion yuan [1] - A total of 1587 stocks have a total market value below 5 billion yuan, with 552 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 598 million yuan, and Bofei Electric at 656 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Suwu at 754 million yuan, and *ST Yuancheng at 765 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as media, household appliances, and basic chemicals, with notable high P/E ratios [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them potential market leaders [1] Market Overview - As of August 22, there are 947 stocks with a circulating market value below 3 billion yuan, and 392 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,607 stocks have a total market value below 5 billion yuan, with 550 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST Zitian: 440 million yuan - Liren Technology: 601 million yuan - Bofei Electric: 632 million yuan [1] - The three stocks with the smallest total market values are: - *ST Zitian: 444 million yuan - *ST Suwu: 718 million yuan - *ST Yuancheng: 772 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - *ST Zitian: Circulating market value 440 million yuan, total market value 444 million yuan, P/E ratio 39.34, industry: Media - Liren Technology: Circulating market value 601 million yuan, total market value 2.018 billion yuan, P/E ratio 238.09, industry: Home Appliances - Bofei Electric: Circulating market value 632 million yuan, total market value 2.767 billion yuan, P/E ratio 161.11, industry: Basic Chemicals - Other notable stocks include: - Kuntai Co.: 652 million yuan circulating market value, 2.362 billion yuan total market value, P/E ratio 89.79, industry: Automotive - Hongming Co.: 662 million yuan circulating market value, 2.015 billion yuan total market value, P/E ratio 124.86, industry: Machinery [1][2]

Group 1 - The stock price of Liren Technology as of August 22, 2025, is 27.42 yuan, reflecting a decrease of 0.36% from the previous trading day, with an intraday fluctuation of 3.02% and a trading volume of 0.37 billion yuan [1] - Liren Technology operates in the home appliance industry, focusing on the research, production, and sales of small household appliances, including products like electric pancake makers and air fryers [1] - The company is registered in Beijing, with a circulating market value of 601 million yuan and a total market value of 2.018 billion yuan [1] Group 2 - On August 22, 2025, the net inflow of main funds into Liren Technology was 4.4728 million yuan, accounting for 0.74% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds was 2.1056 million yuan, representing 0.35% of the circulating market value [1]

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of August 21, there are 941 stocks with a circulating market value below 3 billion yuan, and 393 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,606 stocks have a total market value below 5 billion yuan, with 542 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 603 million yuan, and Bofei Electric at 637 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Suwu at 682 million yuan, and *ST Yuancheng at 779 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as media, home appliances, and basic chemicals, with significant variations in price-to-earnings ratios [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of August 19, there are 967 stocks with a circulating market value below 3 billion yuan, and 399 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,626 stocks have a total market value below 5 billion yuan, with 559 stocks below 3 billion yuan [1] Smallest Stocks by Circulating Market Value - The three stocks with the smallest circulating market values are: - *ST Zitian: 440 million yuan - Liren Technology: 609 million yuan - Bofei Electric: 640 million yuan [1] Smallest Stocks by Total Market Value - The three stocks with the smallest total market values are: - *ST Zitian: 444 million yuan - *ST Suwu: 661 million yuan - *ST Yuancheng: 743 million yuan [1] Selected Stocks with Low Market Values - A table of selected stocks with circulating market values below 2 billion yuan includes: - *ST Zitian: Circulating market value 440 million yuan, total market value 444 million yuan, P/E ratio 39.34, industry: Media - Liren Technology: Circulating market value 609 million yuan, total market value 2.045 billion yuan, P/E ratio 241.30, industry: Home Appliances - Bofei Electric: Circulating market value 640 million yuan, total market value 2.802 billion yuan, P/E ratio 163.14, industry: Basic Chemicals - Other notable stocks include *ST Suwu, Hongming Co., and *ST Yuancheng with varying market values and P/E ratios [1]

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of August 18, there are 981 stocks with a circulating market value below 3 billion yuan, and 410 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,641 stocks have a total market value below 5 billion yuan, with 582 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 584 million yuan, and Bofei Electric at 639 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Suwu at 697 million yuan, and *ST Yuancheng at 752 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as media, household appliances, and basic chemicals, with notable examples like *ST Zitian and Liren Technology [1][2]

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of August 15, there are 1001 stocks with a circulating market value below 3 billion yuan, and 418 of these have a circulating market value below 2 billion yuan [1] - A total of 1680 stocks have a total market value below 5 billion yuan, with 596 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 582 million yuan, and Kuntai Co. at 639 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Suwu at 668 million yuan, and *ST Yuancheng at 717 million yuan [1] - The table lists various stocks along with their circulating market values, total market values, price-to-earnings ratios, and industry classifications [1]

Group 1 - The company held its fourth board meeting on August 15, 2025, with all nine directors present, confirming the legality and validity of the meeting [2][5] - The board approved the proposal to use idle raised funds for cash management, with a limit of up to 0.3756 billion RMB [3][11] - The proposal received unanimous support from the board members, with 9 votes in favor and none against [5] Group 2 - The fourth supervisory board meeting was also held on August 15, 2025, with all three supervisors present, confirming the legality of the meeting [9] - The supervisory board approved the same proposal regarding the use of idle raised funds for cash management, with a unanimous vote of 3 in favor [9][10] - The details of the proposal will be disclosed on designated information platforms [5][11] Group 3 - The company plans to use the idle raised funds for cash management to invest in low-risk financial products with a maximum investment period of 12 months [11][15] - The total raised funds amounted to 365.0677 million RMB, with a net amount of 324.9041 million RMB after deducting issuance costs [12] - The company has established special accounts for managing the raised funds to ensure their proper use [12][14] Group 4 - The cash management plan aims to enhance the efficiency of fund usage while ensuring that it does not affect the company's ongoing projects or daily operations [22][23] - The company will only engage with legally qualified financial institutions for investments, ensuring the safety and liquidity of the funds [19][21] - The supervisory board and independent directors will oversee the fund usage to mitigate risks [20][24]

Group 1 - The stock price of Liren Technology closed at 26.54 yuan on August 15, 2025, down 0.97% from the previous trading day [1] - The trading volume on that day was 16,274 hands, with a transaction amount of 0.43 billion yuan [1] - Liren Technology's main business includes the research, production, and sales of small household appliances, covering various categories such as kitchen and living appliances [1] Group 2 - On the evening of August 15, Liren Technology announced that its fourth board of directors' third meeting approved the proposal to use idle raised funds for cash management [1] - The supervisory board meeting held on the same day also approved this proposal [1] - On August 15, the net inflow of main funds was 2.8122 million yuan, with a cumulative net inflow of 5.0716 million yuan over the past five trading days [1]

Group 1 - The board meeting of Beijing Liren Technology Co., Ltd. was held on August 15, 2025, with all 9 directors present, confirming the legality and validity of the meeting [1][2] - The board approved the proposal to use up to 37.56 million RMB of temporarily idle raised funds for cash management [1][2] - The proposal received unanimous support with 9 votes in favor, 0 against, and 0 abstentions [2] Group 2 - The proposal for cash management will be further detailed in the company's official disclosure on designated information platforms [2]