Core Insights - The number of shareholders for 340 ChiNext stocks has decreased as of November 20, with 184 stocks showing a decline compared to the previous period, and 13 stocks experiencing a drop of over 10% [1][2] - The stocks with the largest decrease in shareholder numbers include Zerun New Energy, which saw a 29.37% drop, and Zhongzhi Technology, which decreased by 22.56% [1][2] - A total of 35 ChiNext stocks have shown a continuous decline in shareholder numbers for more than three consecutive periods, with some stocks experiencing a decline for up to nine periods [1] Shareholder Trends - Zerun New Energy has the latest shareholder count of 9,823, down 29.37%, with a cumulative drop of 11.23% in stock price since the concentration of shares began [1][2] - Zhongzhi Technology's latest shareholder count is 12,642, down 22.56%, with a cumulative drop of 19.37% in stock price [1][2] - Jindao Technology has a latest shareholder count of 7,712, down 19.95%, with a cumulative drop of 1.61% in stock price [1][2] Market Performance - The average decline for concentrated stocks since November 11 is 3.85%, with notable increases in stocks like Shibai Testing, which rose by 53.41% [2] - The industries with the most concentrated stocks include machinery, power equipment, and pharmaceuticals, with 36, 20, and 19 stocks respectively [2] - As of November 26, 48 concentrated stocks have attracted leveraged funds, with significant increases in financing balances for stocks like Yingjie Electric and Lei'ao Planning, which grew by 110.44% and 72.84% respectively [2]