BROAD-OCEAN MOTOR(SZ:002249) Sou Hu Cai Jing·2025-09-22 03:05Core Viewpoint - The A-share market showed mixed performance on September 22, with the Guozheng Free Cash Flow Index declining approximately 0.6%, while certain stocks like Dayang Electric reached their daily limit up [1] Market Performance - The three major A-share indices exhibited varied movements, with the Guozheng Free Cash Flow Index opening low and continuing to decline [1] - The largest free cash flow ETF (159201) followed the index's downward trend, with trading volume exceeding 1.5 billion yuan, indicating active trading [1] Market Outlook - According to招商证券, the financing trend typically shows a pattern of "contraction before the holiday and explosion after the holiday" around the National Day holiday [1] - Historically, the market tends to be relatively flat before the holiday, while risk appetite improves significantly afterward [1] - Following the Federal Reserve's interest rate cut in September, historical data suggests a higher probability of A/H shares rising in the future [1] - The current market is still in the second phase of a bull market, with three driving factors for the recent A-share uptrend remaining unchanged [1] Investment Products - The free cash flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the Guozheng Free Cash Flow Index [1] - The funds select stocks with positive and high free cash flow after screening for liquidity, industry, and ROE stability, indicating high quality and strong risk resistance [1] - The annual management fee for the funds is 0.15%, and the custody fee is 0.05%, both at the lowest market rates, maximizing benefits for investors [1]