Zhong Guo Ji Jin Bao·2025-09-01 06:20Core Viewpoint - The A-share market showed positive performance in August, with several brokerage firms releasing their "golden stock" recommendations for September, focusing on technology, cyclical sectors, and "anti-involution" manufacturing [1][7]. Group 1: August Performance - The top-performing golden stock combination in August was from Kaiyuan Securities, achieving a monthly return of 25.84%, followed by Zhonghang Securities and Guoyuan Securities with returns exceeding 20% [3][4]. - Three stocks saw their prices more than double in August: Huasheng Tiancai (up 115.11%), Hanwujing-U (up 110.36%), and Sixuan New Materials (up 100.66%) [3][4]. - Northeast Securities, despite ranking eighth in August, had the highest cumulative return of 81.30% for the year, indicating strong long-term performance [3][4]. Group 2: September Recommendations - Multiple brokerage firms suggest that the A-share market is likely to continue its upward trend in September, recommending a focus on technology, cyclical sectors, and "anti-involution" manufacturing [1][7]. - Notable stocks recommended for September include ZTE Corporation, which is expected to benefit from AI development and potential breakthroughs in chip technology, along with Kingsoft Office, New Yisheng, and others [7][8]. - Analysts from Zhongyuan Securities noted that the market's risk appetite is increasing, which may drive growth in TMT (Technology, Media, and Telecommunications) and cyclical sectors [11].