Venture(US:VEMLY) Jin Rong Jie·2025-12-11 13:27Market Overview - On December 11, all three major indices declined, with total market turnover reaching 1.89 trillion yuan, an increase of 93.6 billion yuan compared to the previous trading day, and over 4,300 stocks fell [1] - Market focus shifted towards controllable nuclear fusion and wind power equipment sectors, while real estate and duty-free concepts weakened [1] Valuation Summary Overall Market Valuation - The overall market valuation as of December 11, 2025, shows the CSI All Share Index with a price-to-earnings (PE) ratio of 20.45, placing it in the 90.63 percentile, and a price-to-book (PB) ratio of 1.61, in the 46.53 percentile [1] Major Indices Valuation - The following are the valuations for major A-share indices: - Sci-Tech Innovation 50: PE 149.77 (80.7 percentile), PB 5.94 (91.97 percentile) [1] - CSI A500: PE 15.78 (78.72 percentile), PB 1.49 (80.07 percentile) [1] - CSI 1000: PE 45.84 (64.98 percentile), PB 2.35 (43.92 percentile) [1] - CSI 500: PE 31.94 (59.56 percentile), PB 2.11 (42.03 percentile) [1] - CSI 300: PE 13.2 (57.99 percentile), PB 1.27 (22.53 percentile) [1] - SSE 50: PE 11.12 (56.79 percentile), PB 1.13 (30.39 percentile) [1] - ChiNext Index: PE 40.35 (28.73 percentile), PB 5.18 (63.95 percentile) [1] Industry Indices Valuation - The following are the valuations for major industry indices: - Retail: PE 112.85 (93.35 percentile), PB 2.04 (35.87 percentile) [2] - Computer: PE 205.36 (92.86 percentile), PB 4.46 (65.65 percentile) [2] - Defense: PE 132.82 (88.32 percentile), PB 3.78 (73.63 percentile) [2] - Steel: PE 62.15 (85.97 percentile), PB 1.1 (15.18 percentile) [2] - Banking: PE 8.77 (84.55 percentile), PB 0.75 (34.28 percentile) [2] - Real Estate: PE 59.59 (72.21 percentile), PB 0.89 (7.12 percentile) [2] - Utilities: PE 19.49 (5.02 percentile), PB 1.62 (7.95 percentile) [2]