Core Viewpoint - On October 21, the Shanghai Composite Index rose by 1.36%, the Shenzhen Component Index increased by 2.06%, and the ChiNext Index climbed by 3.02% [1] Group 1: Stock Performance - The stock with the highest net inflow was Shanhe Intelligent (002097.SZ), with a net inflow of 188 million yuan, accounting for 12.83% of the total trading volume [1][5] - Shanhe Intelligent closed up by 10.04% with a turnover rate of 10.12% [1] - The stock with the highest net outflow was Sifangda (300179.SZ), which experienced a net outflow of 109 million yuan, representing 4.67% of the total trading volume [4][7] Group 2: Institutional Activity - A total of 28 stocks on the leaderboard saw institutional participation, with institutions net selling 676 million yuan overall [7] - The stock with the highest institutional net purchase was Lanfeng Biochemical (002513.SZ), which closed up by 10.06% and had a turnover rate of 39.79% [8] - Institutions net sold 18 stocks while net buying 10 stocks on that day [7] Group 3: Northbound Capital - Northbound capital participated in 21 stocks on the leaderboard, with a total net purchase of 184 million yuan [12] - The stock with the highest net purchase from northbound capital was Hefei Urban Construction (002208.SZ), with a net purchase of 61.8 million yuan, accounting for 3.92% of the total trading volume [12] - The stock with the highest net outflow from northbound capital was Zhengzhou Coal Electricity (600121.SH), with a net outflow of 59.6 million yuan, representing 4.07% of the total trading volume [12]

Market Overview - The Shanghai Composite Index rose by 1.36% on October 21, with 30 out of 31 sectors experiencing gains, particularly in the communication and electronics sectors, which increased by 4.90% and 3.50% respectively [1] - The mechanical equipment sector also saw an increase of 2.09% [1] - The coal sector was the only one to decline, with a drop of 1.02% [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 27.724 billion yuan, with 17 sectors experiencing net inflows [1] - The electronics sector led the net inflow with 12.028 billion yuan, followed by the communication sector with 5.525 billion yuan [1] - Conversely, 14 sectors experienced net outflows, with the banking sector seeing the largest outflow of 1.705 billion yuan, followed by the coal sector with an outflow of 1.409 billion yuan [1] Mechanical Equipment Sector Performance - The mechanical equipment sector had a net capital inflow of 3.946 billion yuan, with 474 out of 531 stocks in the sector rising, and 15 stocks hitting the daily limit [2] - The top three stocks with the highest net inflow were Huagong Technology (5.30 billion yuan), Shanhai Intelligent (5.29 billion yuan), and Shenkai Co. (1.66 billion yuan) [2] - The sector also had 12 stocks with net outflows exceeding 30 million yuan, with the largest outflows from Sifangda (2.10 billion yuan), Hezhuan Intelligent (875.18 million yuan), and Julisi (723.98 million yuan) [2][3] Top Gainers in Mechanical Equipment Sector - The top gainers in the mechanical equipment sector included: - Huagong Technology: +3.81%, turnover rate 7.41%, net inflow 529.61 million yuan - Shanhai Intelligent: +10.04%, turnover rate 10.12%, net inflow 528.64 million yuan - Shenkai Co.: +10.01%, turnover rate 6.33%, net inflow 166.09 million yuan [2] Top Losers in Mechanical Equipment Sector - The top losers in the mechanical equipment sector included: - Sifangda: +11.10%, turnover rate 39.98%, net outflow -210.21 million yuan - Hezhuan Intelligent: -0.04%, turnover rate 16.72%, net outflow -87.52 million yuan - Julisi: -0.93%, turnover rate 13.47%, net outflow -72.40 million yuan [3]

Core Insights - The "Second Golden Unicorn Best Investment Advisor Selection" event is actively ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions aimed at enhancing the wealth management industry in China [1] Group 1: Investment Advisor Selection - The event provides a platform for investment advisors to showcase their capabilities and improve their services, fostering communication between outstanding advisors and the general public [1] Group 2: Top Stock Picks - On October 21, the top ten stocks by purchase frequency in the stock group included: 1. Zhongji Xuchuang (sz300308) 2. Junsheng Electronics (sh600699) 3. Zhaoyi Innovation (sh603986) 4. Sifangda (sz300179) 5. Hengrun Co., Ltd. (sh603985) 6. Sanhua Intelligent Control (sz002050) 7. SMIC (sh688981) 8. Shannon Chip (sz300475) 9. Inspur Information (sz000977) 10. Luxshare Precision (sz002475) [2] - The top ten stocks by purchase amount on the same day were: 1. Zhongji Xuchuang (sz300308) 2. Sanhua Intelligent Control (sz002050) 3. Hudian Co., Ltd. (sz002463) 4. Junsheng Electronics (sh600699) 5. Tianfu Communication (sz300394) 6. Wentai Technology (sh600745) 7. Xiling Information (sz300588) 8. Xian Dao Intelligent (sz300450) 9. SMIC (sh688981) 10. Xinwei Communication (sz300136) [3] Group 3: Trading Rules and Data - The event includes an investment capability evaluation segment divided into three groups: stock simulation, on-site ETF simulation, and public fund simulation configuration, with specific trading rules regarding holding proportions, maximum drawdown rates, and rebalancing frequency [5] - The data presented is based on simulated trading and is not reflective of actual trading situations, serving only as a reference [5]

Market Overview - The general equipment sector increased by 1.78% on October 21, with LIGONG GUANGKE leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Top Gainers in General Equipment Sector - LIGONG GUANGKE (300557) closed at 30.64, up 20.02% with a trading volume of 137,400 shares and a transaction value of 401 million [1] - SIFANGDA (300179) closed at 15.61, up 11.10% with a trading volume of 1,501,600 shares and a transaction value of 2.345 billion [1] - HUANGHE XUANFENG (600172) closed at 7.02, up 10.03% with a trading volume of 1,756,500 shares and a transaction value of 1.218 billion [1] - PIONEER ELECTRONICS (002767) closed at 25.03, up 10.02% with a trading volume of 273,400 shares and a transaction value of 665 million [1] - LUXIN CHUANGTOU (600783) closed at 15.51, up 10.00% with a trading volume of 388,700 shares and a transaction value of 590 million [1] Market Capital Flow - The general equipment sector saw a net inflow of 485 million from main funds, while retail funds experienced a net outflow of 217 million [2][3] - The main funds' net inflow for LUXIN CHUANGTOU was 144 million, accounting for 24.32% of its trading volume [3] - SIFANGDA had a net inflow of 132 million from main funds, representing 13.83% of its trading volume [3]

Group 1 - The cultivated diamond sector leads the market with an increase of 3.06% [1] - In this sector, Inno Laser saw a significant rise of 14.66% [1] - Sifangda and Huanghe Xuanfeng also experienced notable gains, rising by 13.95% and 10.03% respectively [1] Group 2 - Other companies in the cultivated diamond sector, such as Hengsheng Energy, Power Diamond, and *ST Yazhen, all increased by over 5% [1]

（文章来源：每日经济新闻） 每经AI快讯，10月21日，深地经济概念盘中持续走强，正元地信20%涨停，此前中裕科技、德石股份、 山河智能、中化岩土、山东墨龙等多股涨停，恒立钻具、四方达涨超10%。 ...

Group 1 - The A-share market saw a collective rise in the three major indices, with the Shanghai Composite Index increasing by 0.70%, driven by gains in sectors such as energy equipment, heavy machinery, and electronic components, while coal and telecommunications sectors experienced declines [1] - The machine tool sector showed strong fluctuations, with the Machine Tool ETF (159663) rising by 1.35%, and notable increases in constituent stocks such as Sifangda (up 12.74%), Huaming Equipment (up 5.11%), Zhongtung High-tech (up 4.33%), Hengfeng Tools (up 3.60%), and Dazhu Laser (up 3.26%) [1] Group 2 - According to the German VDW, the global machine tool output for 2024 is projected to be €78.5 billion, with China's output reaching €26.6 billion, accounting for 34% of the global total; China's consumption is estimated at €24.1 billion, representing 30% of the global market [3] - The domestic high-end CNC machine tool localization rate in China is only about 6%, indicating significant potential for import substitution in the high-end machine tool market [3] - The competitive landscape of the machine tool industry is characterized by "high-end monopoly, mid-end catch-up, and low-end competition," with companies from Germany and Japan dominating the high-end market due to their technological advantages, while China remains the largest producer and consumer globally [3] - The Machine Tool ETF (159663) closely tracks the China Machine Tool Index, which encompasses key sectors in the high-end equipment manufacturing field, including laser equipment, machine tools, robots, and industrial control equipment, aligning with the new productivity concept emphasizing innovation and industrial upgrading [3]

Core Insights - The cultivated diamond sector is experiencing a strong performance, with notable stock price increases for companies such as Huanghe Xuanfeng and *ST Yazhen reaching the daily limit [1] - Other companies in the sector, including Sifangda and Inno Laser, are also showing significant gains in their stock prices [1] Company Performance - Huanghe Xuanfeng and *ST Yazhen have hit the daily trading limit, indicating robust investor interest and confidence in these stocks [1] - Sifangda and Inno Laser are among the top performers in terms of stock price increases, reflecting positive market sentiment towards the cultivated diamond industry [1]

Core Points - The Shanghai Composite Index closed at 3863.89 points, up 0.63%, with a trading volume of 772.5 billion [1] - The Shenzhen Component Index closed at 12813.21 points, up 0.98%, with a trading volume of 965.1 billion [1] - The ChiNext Index closed at 2993.46 points, up 1.98%, with a trading volume of 435.1 billion [1] Sector Performance - The superhard materials sector saw significant gains, with Sifangda hitting a 20% limit up and LiLiang Diamond rising over 18% [1] - The coal mining and processing sector remained strong throughout the day, with stocks like Antai Group, Zhengzhou Coal Electricity, Baotailong, and Dayou Energy hitting the limit up [1] - Other sectors with notable gains included brain-computer interfaces, 6G technology, gas, and CPO concepts, while gold, non-ferrous metals, and kitchen and bathroom appliances experienced declines [1]

Economic Overview - The National Bureau of Statistics reported that the GDP for the first three quarters reached 10,150.36 billion yuan, with a year-on-year growth of 5.2%, accelerating by 0.2 and 0.4 percentage points compared to the full year of 2024 and the same period in 2024 respectively, indicating a stable economic performance with a solid foundation for achieving annual targets [2][5]. Industry Insights - China is approaching a large-scale retirement phase for power batteries, with the domestic market for battery recycling expected to exceed 100 billion yuan by 2030 [3][5]. - The Ministry of Industry and Information Technology held a meeting emphasizing the need for cement industry backbone enterprises to strictly implement capacity replacement policies by the end of 2025 [5]. - The "Wind Energy Beijing Declaration 2.0" was released at the 2025 Beijing International Wind Energy Conference, stating that during the 14th Five-Year Plan period, China's annual new wind power installation should not be less than 120 million kilowatts, with offshore wind power installations not less than 15 million kilowatts [5]. Company Performance - Zhuhai Huajun Technology reported a significant increase in revenue and net profit for the first three quarters, with revenue of 3.903 billion yuan, up 66.53%, and net profit of 492 million yuan, up 142.19% [10]. - Ningde Times reported a net profit of 18.5 billion yuan for the third quarter, a year-on-year increase of 41%, with revenue of 104.19 billion yuan, up 12.9% [12]. - Longsheng Technology's third-quarter revenue was 586 million yuan, a slight increase of 0.48%, while net profit grew by 109.83% to 106 million yuan [12]. Market Trends - The demand for 1.6T optical modules has been continuously revised upward, with total demand expected to increase from 1,000 million to 2,000 million units due to the rapid growth in AI training and inference network bandwidth requirements [11]. - The semiconductor sector saw significant net subscriptions in ETFs, with semiconductor-themed ETFs and non-bank financial ETFs attracting net subscriptions of 33.3 billion yuan and 18.6 billion yuan, respectively [6]. Strategic Developments - Dazhu CNC's strong performance is attributed to the growing demand for high-tech PCB products, particularly in AI computing and automotive electronics [10]. - The company plans to expand its production capacity for high-speed interconnect products to meet the diverse needs of domestic and international clients in data center construction and AI applications [14].