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 8, there are 1,022 stocks with a circulating market value below 3 billion yuan, and 424 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,708 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 603 million yuan, and Bofei Electric at 631 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Yuancheng at 779 million yuan, and *ST Suwu at 803 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 [1][2]

Group 1 - Several A-share listed companies are facing delisting risks due to suspected financial fraud or information disclosure violations, with *ST Zitian, *ST Suwu, *ST Tianmao, and *ST Gaohong being the focus of investor attention [1] - *ST Gaohong has been subjected to mandatory delisting procedures by the Shenzhen Stock Exchange due to serious financial fraud and has incurred an administrative fine of 160 million yuan [1] - *ST Tianmao announced its intention to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange through a shareholders' meeting resolution [1] Group 2 - A total of 23 companies have been delisted from the A-share market this year, primarily due to financial-related delisting, trading-related delisting, major illegal mandatory delisting, and voluntary delisting [2] - Companies such as Zhonghang Chanyin and Yulong Co. are categorized as voluntary delisting, while companies like Tuishe Zhuolang and Tuishe Jinguang are classified under major illegal mandatory delisting [2] - Several companies, including *ST Furun, *ST Dongfang, *ST Xulan, *ST Jiayu, and *ST Jiyuan, have been delisted due to stock prices falling below par value [2]

Group 1 - The A-share market is facing increased scrutiny as multiple listed companies are at risk of delisting due to suspected financial fraud or information disclosure violations, with *ST Zitian, *ST Suwu, *ST Tianmao, and *ST Gaohong being the focal points for investors [1] - On August 8, *ST Gaohong was subjected to mandatory delisting procedures by the Shenzhen Stock Exchange due to serious financial fraud and was fined 160 million yuan, while *ST Tianmao announced its intention to voluntarily withdraw its A-share listing [1] - *ST Zitian's stock price has plummeted by 87.01% this year, and it received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing [1] Group 2 - A total of 23 companies have been delisted from the A-share market this year, primarily due to financial-related delistings, trading-related delistings, and major illegal activities leading to mandatory or voluntary delistings [2] - Companies such as *ST Furun, *ST Dongfang, *ST Xulan, *ST Jiayu, and *ST Jiyuan have been delisted for having stock prices below par value, while others like *ST Boxin and *ST Dayao were delisted for having market capitalizations below 500 million yuan [2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them potential market leaders [1] - As of August 6, there are 1,018 stocks with a circulating market value below 3 billion yuan, and 425 stocks below 2 billion yuan [1] - A total of 1,708 stocks have a total market value below 5 billion yuan, with 608 stocks below 3 billion yuan [1] Market Overview - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 600 million yuan, and Bofei Electric at 619 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Yuancheng at 736 million yuan, and *ST Suwu at 768 million yuan [1] Stock Details - 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 [1] - Liren Technology: Circulating market value 600 million yuan, total market value 2.015 billion yuan, P/E ratio 237.74, industry: Home Appliances [1] - Bofei Electric: Circulating market value 619 million yuan, total market value 2.713 billion yuan, P/E ratio 235.79, industry: Basic Chemicals [1] - Other notable stocks include Kuntai Co. at 647 million yuan, Hongming Co. at 662 million yuan, and *ST Qingyan at 674 million yuan [1] Additional Stock Information - Other stocks with significant details include: - *ST Yuancheng: Circulating market value 736 million yuan, total market value 736 million yuan, P/E ratio not available, industry: Construction Decoration [1] - *ST Suwu: Circulating market value 768 million yuan, total market value 768 million yuan, P/E ratio not available, industry: Pharmaceutical Biology [1] - Various stocks across different industries show a wide range of P/E ratios, indicating diverse market perceptions and valuations [1][2]

| 001300 | 三柏硕 | 8.71 | 32.08 | 122.90 | 轻工制造 | | --- | --- | --- | --- | --- | --- | | 301388 | 欣灵电气 | 8.81 | 33.00 | 221.40 | 电力设备 | | 301222 | 浙江恒威 | 8.90 | 30.76 | 36.88 | 电力设备 | | 301429 | 森泰股份 | 8.96 | 24.05 | 32.90 | 建筑材料 | （文章来源：证券时报网） 具体来看，目前两市流通市值最小的前3只股票分别为*ST紫天4.40亿元、利仁科技5.99亿元、博菲电气 6.10亿元。总市值最小的前3只股票分别为*ST紫天4.44亿元、*ST元成7.46亿元、*ST苏吴8.03亿元。 （数据宝） 流通市值低于20亿元部分个股一览 | 证券代码 | 证券简称 | 流通市值（亿元） | 总市值（亿元） | 市盈率（倍） | 申万行业 | | --- | --- | --- | --- | --- | --- | | 300280 | *ST紫天 | 4.40 | 4.44 | 39.34 | 传媒 ...

相较于大盘股，小市值品种具备更高的股性以及活跃度，也更容易成为行情中的核心。证券时报·数据 宝统计，截至8月4日收盘，两市共1056只个股流通市值低于30亿元，其中438只个股流通市值不足20亿 元。总市值方面，两市共1751只个股总市值低于50亿元，其中631只个股总市值不足30亿元。 具体来看，目前两市流通市值最小的前3只股票分别为*ST紫天4.40亿元、利仁科技5.92亿元、博菲电气 6.06亿元。总市值最小的前3只股票分别为*ST紫天4.44亿元、*ST元成7.85亿元、*ST苏吴8.39亿元。 （数据宝） 流通市值低于20亿元部分个股一览 | 301388 | 欣灵电气 | 8.73 | 32.70 | 219.41 | 电力设备 | | --- | --- | --- | --- | --- | --- | | 301446 | 福事特 | 8.76 | 28.68 | 29.34 | 机械设备 | | 301429 | 森泰股份 | 8.82 | 23.68 | 32.40 | 建筑材料 | | 301222 | 浙江恒威 | 8.83 | 30.52 | 36.59 | 电力设备 | 注：本文 ...

Group 1: New Stock Offerings - Shenke Co., Ltd. (002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - ST Kelly (300326) has a tender offer period from July 17, 2025, to August 15, 2025[1] - ST Zitian (300280) has a tender offer period ending on July 21, 2025[1] Group 2: Market Alerts - Xizang Tourism (600749) reported severe abnormal fluctuations on July 31, 2025[1] - Tianlu Convertible Bonds (110060) announced significant market activity on July 30, 2025[1] - ST Suwu (600200) experienced unusual trading patterns on July 30, 2025[1] Group 3: Additional Announcements - Happiness Blue Ocean (300528) issued a notice on July 30, 2025, regarding market conditions[1] - Common Pharmaceutical (300966) provided updates on August 1, 2025, related to stock performance[1] - Dongjie Intelligent (300486) released a statement on August 1, 2025, concerning market volatility[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 1, there are 1,074 stocks with a circulating market value below 3 billion yuan, and 457 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,778 stocks have a total market value below 5 billion yuan, with 651 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 587 million yuan, and Bofei Electric at 597 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Yuancheng at 785 million yuan, and *ST Suwu at 881 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 [1][2]

Core Viewpoint - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Group 1: Market Overview - As of July 31, there are 1,095 stocks with a circulating market value below 3 billion yuan, and 474 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,792 stocks have a total market value below 5 billion yuan, with 674 stocks having a total market value below 3 billion yuan [1] Group 2: Smallest Stocks - The three stocks with the smallest circulating market values are *ST Zitian at 440 million yuan, Liren Technology at 573 million yuan, and Bofei Electric at 596 million yuan [1] - The three stocks with the smallest total market values are *ST Zitian at 444 million yuan, *ST Yuancheng at 811 million yuan, and *ST Suwu at 931 million yuan [1] Group 3: Stock Data Summary - A detailed 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 [1] - Liren Technology: circulating market value 573 million yuan, total market value 1.924 billion yuan, P/E ratio 227.06, industry: Home Appliances [1] - Bofei Electric: circulating market value 596 million yuan, total market value 2.609 billion yuan, P/E ratio 226.75, industry: Basic Chemicals [1] - Additional stocks listed include Kuntai Co. at 625 million yuan, Hongming Co. at 628 million yuan, and others with varying market values and P/E ratios [1][2]

New Stock Listings - Dingjia Precision listed on July 31, 2025, with an issue price of 11.16[1] - Shenkai Co., Ltd. has a tender offer period from July 29 to August 27, 2025[1] - ST Kelly's tender offer period is from July 17 to August 15, 2025[1] Market Alerts - Xizang Tourism reported severe abnormal fluctuations on July 31, 2025[1] - A total of 30 companies have announced abnormal fluctuations in their stock prices recently[2] Financial Data - The report includes links to detailed announcements for each stock, providing transparency and access to further information[1] - The document lists various companies with their respective stock codes and announcement dates, indicating active market engagement[1]