Market Overview - On July 2, the Shanghai Composite Index fell by 0.09%, with institutional investors appearing on the trading lists of 32 stocks, net buying 9 and net selling 23 [1][2] - The total net selling amount by institutional investors reached 641 million yuan [1] Institutional Trading Highlights - The stock with the highest net buying from institutional seats was Anglikang, which closed at the daily limit with a trading volume of 927 million yuan and a turnover rate of 11.45%, net buying amounting to 100.91 million yuan [2][5] - Feiya Technology also closed at the daily limit, with a trading volume of 1.549 billion yuan and a turnover rate of 23.87%, net buying 69.19 million yuan [2][5] - Xinhenghui saw a decline of 5.43% with a turnover rate of 47.06%, net buying 45.42 million yuan [2][5] Performance of Net Bought Stocks - Stocks that were net bought by institutions showed an average increase of 2.57%, outperforming the Shanghai Composite Index [3] - Stocks like Xiangqiang Co. and Kangda New Materials reported strong performances, closing at the daily limit [3] - Historical data indicates a 54.87% probability of net bought stocks rising the next day, with a 51.62% chance of outperforming the index [3] Earnings Forecasts - Among the stocks net bought by institutions, only one stock, Xinhenghui, provided a half-year earnings forecast, expecting a net profit of 106 million yuan, representing a year-on-year increase of 4.59% [3] Net Sold Stocks - The stock with the highest net selling was Changqing Technology, with a net selling amount of 177.81 million yuan, and a turnover rate of 56.72% [3][6] - North Copper, with a net selling of 102.36 million yuan, had a volatility of 16.01% [4][6] - Hongbaoli experienced a net selling of 79.41 million yuan, with a turnover rate of 46.13% [4][6] Southbound Trading Activity - On July 2, 19 stocks on the trading list had southbound trading activity, with net buying in stocks like Rongfa Nuclear Power and Kaimete Gas, amounting to 123 million yuan and 96.13 million yuan respectively [7][9] - Stocks like Hongye Futures and Xiexin Energy saw net selling amounts of 33.58 million yuan and 29.89 million yuan respectively [7][9]

Group 1: Stock Market Activity - On the day, 37 stocks were listed on the institutional leaderboard, with 9 stocks seeing net purchases and 28 stocks experiencing net sales [1] - The top three stocks with the highest institutional purchases were: Anglikon (¥115 million), Feiyada (¥69.19 million), and Xinhenghui (¥45.41 million) [1] Group 2: Anglikon Company Overview - Anglikon saw a net purchase of ¥115 million from 7 institutions [3] - The company is currently developing an innovative drug project, ALK-N001, which received clinical trial approval on April 2025 and is in Phase I clinical trials [3] - The National Medical Products Administration has approved ALK-N001 for clinical trials in advanced solid tumors, showing significant tumor suppression effects in various models and good safety profiles, indicating strong innovation and development potential [3] Group 3: Marine Economy and Deep-Sea Technology - The Chinese government emphasizes the high-quality development of the marine economy, aiming for a unique path towards maritime strength [4] - The 2025 Government Work Report first mentioned "deep-sea technology," aligning it with emerging industries like commercial aerospace and low-altitude economy, indicating a commitment to developing deep-sea technology with a market capacity in the trillion-yuan range [4] - The deep-sea technology industry is expected to accelerate its development, supported by continuous policy initiatives and financing opportunities [4] Group 4: Polysilicon Market Insights - Polysilicon futures saw a limit-up increase of 6.99% [5] - Discussions on production cuts are ongoing to control supply and enhance demand, which is expected to stabilize silicon material prices for healthy industry development [5] - The approval of the "Three Norths" photovoltaic desertification planning is anticipated to drive an additional photovoltaic installation scale of 253 million kilowatts, with an average annual increase exceeding 50 GW, primarily impacting next year [5]

- The report includes a quantitative model for calculating single account IPO returns, defined as: $ Single\ Account\ IPO\ Return = min(Account\ Size, Subscription\ Limit) * Winning\ Rate * Return\ Rate $ Parameters: - Winning rate reflects actual IPO results - Return rate uses the first-day average transaction price relative to the issue price for IPOs under the comprehensive registration system, or the opening day price for non-registration system IPOs[41][42][43] - Another formula calculates full subscription returns for A/B/C class investors: $ Full\ Subscription\ Return = Subscription\ Limit * A/B/C\ Class\ Winning\ Rate * Return\ Rate $ This formula assumes maximum subscription and full allocation scenarios[41][42][43] - The report evaluates IPO returns across different market segments: - Main Board: A-class return rate 0.014%, C-class return rate 0.013% - ChiNext: A-class return rate 0.035%, C-class return rate 0.034% - STAR Market: A-class return rate 0.012%, C-class return rate 0.012%[42][43][45] - Monthly cumulative returns for 5-billion-scale accounts: - A-class: June return rate 0.168%, cumulative return rate 0.743% - C-class: June return rate 0.166%, cumulative return rate 0.670%[46][47][48] - Full subscription returns for June: - Main Board: A-class 94,000 yuan, C-class 87,000 yuan - ChiNext: A-class 173,000 yuan, C-class 168,000 yuan - STAR Market: A-class 735,000 yuan, C-class 734,000 yuan[49][50][52]

Market Performance - The ChiNext Index fell by 0.24%, closing at 2147.92 points, with a total trading volume of 444.496 billion yuan, a decrease of 17.661 billion yuan from the previous trading day [1] - Among the tradable ChiNext stocks, 574 stocks closed higher, with 17 stocks rising over 10%, including China Ship Emergency, Changhai Co., and San Chao New Materials, which all hit the daily limit [1] - 786 stocks closed lower, with 1 stock declining over 10% [1] Turnover Rate - The average turnover rate for the ChiNext today was 4.74%, with 73 stocks having a turnover rate exceeding 20% [1] - The highest turnover rate was for Beifang Changlong at 65.99%, closing down 7.75% [1] - Other notable stocks with high turnover rates included Ruina Intelligent (52.53%) and Zhili Fang (51.72%) [1] Sector Analysis - Among the high turnover stocks, 45 stocks rose, with San Chao New Materials, Lingwei Technology, and Feilu Co. closing at the daily limit [2] - The electronics sector had the most stocks with a turnover rate exceeding 20%, totaling 14 stocks, followed by machinery equipment and national defense industries with 11 and 7 stocks, respectively [2] Institutional Activity - Nine high turnover ChiNext stocks appeared on the Dragon and Tiger List, with institutional participation noted in all [2] - Zhili Fang saw a net institutional buy of 11.6598 million yuan, while other stocks like Electric Alloy and Mountain River Pharmaceutical also had significant institutional activity [2] Capital Flow - Among high turnover stocks, 29 experienced net inflows from main funds, with Mountain River Pharmaceutical, San Chao New Materials, and Blue Arrow Electronics leading in net inflow amounts of 129 million yuan, 114 million yuan, and 110 million yuan, respectively [3] - Conversely, stocks like Sifang Precision, New Guodu, and Morning Star Aviation saw significant net outflows, totaling 731 million yuan, 400 million yuan, and 358 million yuan, respectively [3] Earnings Forecast - Two high turnover stocks released half-year earnings forecasts, both indicating profit increases [3] - Tao Tao Automotive is expected to have a net profit median of 335 million yuan, representing a year-on-year increase of 84.08% [3] - New Henghui is projected to have a net profit increase of 4.59% [3]

Core Viewpoint - Xin Heng Hui experienced a decline of 1.67% and reached the trading limit with a daily turnover rate of 30% on July 1 [1] Group 1: Trading Activity - The top five buying entities collectively purchased 124 million yuan, while the top five selling entities sold 196 million yuan, resulting in a net outflow of 72.1 million yuan [1] - The largest buying entity was an institutional account, which bought 38.24 million yuan, followed by Guangfa Securities and Dongfang Caifu with purchases of 26.48 million yuan and 12.79 million yuan respectively [1][2] - The largest selling entity was also an institutional account, which sold 63.71 million yuan, with other significant sales from institutional accounts totaling 42.21 million yuan and 26.52 million yuan [1][2] Group 2: Detailed Trading Figures - The top five buying departments included: - Institutional account: 38.24 million yuan bought, 63.71 million yuan sold, net -25.47 million yuan - Guangfa Securities: 26.48 million yuan bought, 1.80 million yuan sold, net 26.46 million yuan - Dongfang Caifu: 12.79 million yuan bought, 9.69 million yuan sold, net 3.10 million yuan [2] - The top five selling departments included: - Institutional account: 38.24 million yuan bought, 63.71 million yuan sold, net -25.47 million yuan - Another institutional account: 0.42 million yuan bought, 42.21 million yuan sold, net -37.97 million yuan - A third institutional account: 0.47 million yuan bought, 26.52 million yuan sold, net -21.85 million yuan [2]

新恒汇（301678）今日跌1.67%，成交额13.75亿元，换手率50.24%，盘后龙虎榜数据显示，有4家机构 专用席位净卖出1.04亿元。 ...

其中，机构专用、机构专用、机构专用分别买入6941.45万元、4460.99万元、3696.62万元。 机构专用、机构专用、广发证券股份有限公司厦门湖滨南路证券营业部分别卖出4498.22万元、2961.17 万元、2316.64万元。 6月30日，新恒汇上涨10.51%登上龙虎榜，有价格涨跌幅限制的日换手率达到30%。 龙虎榜显示，买入前五合计买入2.47亿元，卖出前五合计卖出1.69亿元，净额7757.31万元。 买入金额最大的前5名营业部 买入额/万 卖出额/万 净额/万 机构专用 6941.45 1494.35 5447.1 机构专用 4460.99 716.15 3744.84 机构专用 3696.62 4498.22 -801.6 中国国际金融股份有限公司上海分公司 3172.40 574.39 2598.01 机构专用 3083.18 2094.19 988.99 卖出金额最大的前5名营业部 买入额/万 卖出额/万 净额/ 万 机构专用 3696.62 4498.22 -801.6 机构专用 2946.03 2961.17 -15.14 广发证券股份有限公司厦门湖滨南 路证券营业部 262.62 ...

Market Overview - As of June 30, the Shanghai Composite Index closed at 3444.43 points, up by 20.20 points, representing a 0.59% increase [1] - The Shenzhen Component Index closed at 10465.12 points, up by 86.57 points, with a 0.83% increase [1] - The ChiNext Index closed at 2153.01 points, up by 28.67 points, reflecting a 1.35% increase [1] High Turnover Stocks - A total of 126 A-shares had a turnover rate exceeding 20% on June 30, indicating significant trading activity [1] - Notable stocks with high turnover rates include: - Beifang Changlong (301357) with a turnover rate of 69.24% and a closing price of 95.46 yuan, up by 18.58% [1] - Wanlima (300591) with a turnover rate of 59.32% and a closing price of 11.25 yuan, up by 0.18% [1] - Xinhenghui (301678) with a turnover rate of 58.14% and a closing price of 59.20 yuan, up by 10.51% [1] - Zhongke Magnetic (301141) with a turnover rate of 51.79% and a closing price of 63.80 yuan, up by 8.41% [1] - Yuyin Co., Ltd. (002177) with a turnover rate of 50.46% and a closing price of 8.06 yuan, up by 7.04% [1] Additional High Turnover Stocks - Other stocks with notable turnover rates include: - Hengbao Co., Ltd. (002104) at 49.49% turnover, closing at 19.91 yuan, up by 3.97% [1] - Annie Co., Ltd. (002235) at 46.53% turnover, closing at 10.60 yuan, up by 6.00% [1] - Huazhi Jie (603400) at 44.05% turnover, closing at 57.38 yuan, down by 0.80% [1] - Weiteou (301319) at 43.42% turnover, closing at 36.00 yuan, up by 14.65% [1] - Xiongdi Technology (300546) at 43.38% turnover, closing at 35.86 yuan, up by 10.17% [1]

| 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 机构专用 | 6941.45 | 1494.35 | | 买二 | 机构专用 | 4460.99 | 716.15 | | 买三 | 机构专用 | 3696.62 | 4498.22 | | 买四 | 中国国际金融股份有限公司上海分公司 | 3172.40 | 574.39 | | 买五 | 机构专用 | 3083.18 | 2094.19 | | 卖一 | 机构专用 | 3696.62 | 4498.22 | | 卖二 | 机构专用 | 2946.03 | 2961.17 | | 卖三 | 广发证券股份有限公司厦门湖滨南路证券营业部 | 262.62 | 2316.64 | | 卖四 | 国金证券股份有限公司上海互联网证券分公司 | 133.82 | 2284.69 | | 卖五 | 机构专用 | 3083.18 | 2094.19 | （文章来源：证券时报网） 具体来看，今日上榜的营业部中，共有5家机构专用席位现身，即买一、买二、买三、买五、卖一、卖 二、卖五， ...

Core Viewpoint - The Shanghai Composite Index rose by 1.91% this week, with 121 stocks experiencing a turnover rate exceeding 100% [1] Group 1: Stock Performance - A total of 121 stocks had a turnover rate over 100%, while 334 stocks had a turnover rate between 50% and 100%, and 2320 stocks had a turnover rate between 10% and 50% [1] - The average increase for stocks with a turnover rate over 100% was 10.15%, with 90 stocks rising and 31 stocks falling [2] - The top-performing stocks included Wanlima, Tianli Technology, and Taihe Technology, with increases of 91.97%, 58.40%, and 48.09% respectively [2] Group 2: Notable Stocks - Huazhi Jie had the highest turnover rate at 357.44%, with a price increase of 7.37% and a net outflow of 3.63 million yuan in main funds [1] - Beifang Changlong followed with a turnover rate of 345.22% and a price increase of 34.17%, with a net inflow of 6.73 million yuan in main funds [1] - Xinhenghui ranked third with a turnover rate of 326.41% and a price increase of 27.18%, with a net inflow of 548,090 yuan in main funds [2] Group 3: Industry Insights - The computer industry had the highest number of stocks with a turnover rate over 100%, totaling 21 stocks, followed by the power equipment and electronics industries with 14 and 13 stocks respectively [1] - Among the stocks with over 100% turnover, five had released half-year performance forecasts, with Guoxin Technology expecting a net profit of 95 million yuan, representing an 88.58% year-on-year increase [2]