Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of November 7, there are 907 stocks with a circulating market value below 3 billion yuan, and 352 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,635 stocks have a total market value below 5 billion yuan, with 508 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 199 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 669 million yuan [1] - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 199 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 697 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 1 billion yuan includes: - *ST Yuan Cheng: 199 million yuan, PE ratio not available, industry: Construction Decoration - *ST Gao Hong: 430 million yuan, PE ratio not available, industry: Communication - Kuntai Co., Ltd.: 669 million yuan, PE ratio 48.66, industry: Automotive - *ST Su Wu: 697 million yuan, PE ratio not available, industry: Pharmaceutical Biology - Kangliyuan: 702 million yuan, PE ratio 36.35, industry: Light Industry Manufacturing [1] - Additional stocks include: - Hongming Co., Ltd.: 739 million yuan, PE ratio not available, industry: Machinery Equipment - Kereisi: 740 million yuan, PE ratio 180.87, industry: Communication - Southeast Electronics: 746 million yuan, PE ratio 63.31, industry: Electronics [1] Additional Stocks Listed - Other notable stocks with low market capitalization include: - Zhenhe Ecology: 897 million yuan, PE ratio not available, industry: Environmental Protection - Sentai Co., Ltd.: 901 million yuan, PE ratio 41.84, industry: Building Materials - Lian Technology: 903 million yuan, PE ratio 52.12, industry: Electronics [2]

Core Viewpoint - The Russell 2000 index, which includes many small-cap stocks, presents opportunities for investors to discover undervalued companies, but these stocks are often more volatile and susceptible to economic downturns [1][2]. Group 1: Stocks to Sell - **Teladoc (TDOC)**: - Market Cap: $1.43 billion - The company provides telemedicine services aimed at rural areas, facilitating remote medical consultations [3][6]. - Current share price is $7.72, with a forward EV/EBITDA ratio of 4.9x, indicating potential concerns regarding its valuation [5]. - **Kadant (KAI)**: - Market Cap: $3.21 billion - A global supplier of critical components and engineered systems for process industries [6]. - The stock price is $267.51, reflecting a forward P/E ratio of 27.5x, suggesting caution for potential investors [8]. Group 2: Stock to Watch - **Byline Bancorp (BY)**: - Market Cap: $1.25 billion - The bank has experienced unremarkable sales trends with a 2.9% annual growth over the last three years, which is below the average for consumer internet companies [9]. - The focus on user growth over monetization has resulted in a 7.9% annual decline in average revenue per user [9]. - The bank ranks as the fifth most active Small Business Administration lender in the U.S., serving small and medium-sized businesses [11]. - **Positive Indicators for BY**: - Annual net interest income growth of 12.3% over the last five years indicates an increase in market share [12]. - Earnings per share have grown by 21.8% annually, surpassing revenue growth, indicating high profitability from incremental sales [12]. - Tangible book value per share has increased by 17.5% annually over the last two years, reflecting strong equity value growth [12].

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of November 5, there are 919 stocks with a circulating market value below 3 billion yuan, and 355 stocks with a circulating market value below 2 billion yuan [1] - A total of 1619 stocks have a total market value below 5 billion yuan, with 517 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 218 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 667 million yuan [1] - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 218 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 711 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - *ST Yuan Cheng: 2.18 billion yuan, PE ratio: N/A, Industry: Construction Decoration - *ST Gao Hong: 4.30 billion yuan, PE ratio: N/A, Industry: Communication - Kuntai Co., Ltd.: 6.67 billion yuan, PE ratio: 48.52, Industry: Automotive - Other notable stocks include: - Kangliyuan: 7.07 billion yuan, PE ratio: 36.58, Industry: Light Industry Manufacturing - *ST Su Wu: 7.11 billion yuan, PE ratio: N/A, Industry: Pharmaceutical Biology [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of November 3, there are 917 stocks with a circulating market value below 3 billion yuan, and 357 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,626 stocks have a total market value below 5 billion yuan, with 532 stocks having a total market value below 3 billion yuan [1] Smallest Stocks by Circulating Market Value - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 241 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 660 million yuan [1] Smallest Stocks by Total Market Value - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 241 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 704 million yuan [1] Selected Stocks with Low Market Values - A list of stocks with circulating market values below 2 billion yuan includes: - *ST Yuan Cheng: 241 million yuan, PE ratio: N/A, Industry: Construction Decoration - *ST Gao Hong: 430 million yuan, PE ratio: N/A, Industry: Communication - Kuntai Co., Ltd.: 660 million yuan, PE ratio: 48.01, Industry: Automotive - Other notable stocks include: - Kangliyuan: 702 million yuan, PE ratio: 36.35, Industry: Light Industry Manufacturing - *ST Su Wu: 704 million yuan, PE ratio: N/A, Industry: Pharmaceutical Biology [1]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 31, there are 942 stocks with a circulating market value below 3 billion yuan, and 367 stocks with a circulating market value below 2 billion yuan across the two markets [1] - A total of 1,661 stocks have a total market value below 5 billion yuan, with 553 stocks having a total market value below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST元成: 2.54 billion yuan - *ST高鸿: 4.30 billion yuan - 坤泰股份: 6.55 billion yuan [1] - The three stocks with the smallest total market values are: - *ST元成: 2.54 billion yuan - *ST高鸿: 4.40 billion yuan - *ST苏吴: 7.04 billion yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - *ST元成: Circulating market value 2.54 billion yuan, total market value 2.54 billion yuan, PE ratio not applicable, industry: Construction Decoration - *ST高鸿: Circulating market value 4.30 billion yuan, total market value 4.40 billion yuan, PE ratio not applicable, industry: Communication - 坤泰股份: Circulating market value 6.55 billion yuan, total market value 23.71 billion yuan, PE ratio 47.62, industry: Automotive - 康力源: Circulating market value 6.95 billion yuan, total market value 27.22 billion yuan, PE ratio 36.00, industry: Light Industry Manufacturing - *ST苏吴: Circulating market value 7.04 billion yuan, total market value 7.04 billion yuan, PE ratio not applicable, industry: Pharmaceutical Biology [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 30, there are 983 stocks with a circulating market value below 3 billion yuan, and 385 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,694 stocks have a total market value below 5 billion yuan, with 580 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST元成: 267 million yuan - *ST高鸿: 430 million yuan - 坤泰股份: 642 million yuan [1] - The three stocks with the smallest total market values are: - *ST元成: 267 million yuan - *ST高鸿: 440 million yuan - *ST苏吴: 718 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - *ST元成: 267 million yuan, total market value 267 million yuan, PE ratio not applicable, industry: Construction Decoration - *ST高鸿: 430 million yuan, total market value 440 million yuan, PE ratio not applicable, industry: Communication - 坤泰股份: 642 million yuan, total market value 2.325 billion yuan, PE ratio 46.70, industry: Automotive - 康力源: 683 million yuan, total market value 2.674 billion yuan, PE ratio 35.36, industry: Light Industry Manufacturing - 科瑞思: 709 million yuan, total market value 2.411 billion yuan, PE ratio 173.40, industry: Communication [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 29, there are 952 stocks with a circulating market value below 3 billion yuan, and 377 stocks with a circulating market value below 2 billion yuan across the two exchanges [1] - A total of 1,649 stocks have a total market value below 5 billion yuan, with 562 stocks having a total market value below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST Yuan Cheng: 280 million yuan - *ST Gao Hong: 430 million yuan - Kuntai Co., Ltd.: 646 million yuan [1] - The three stocks with the smallest total market values are: - *ST Yuan Cheng: 280 million yuan - *ST Gao Hong: 440 million yuan - *ST Su Wu: 682 million yuan [1] Selected Stocks with Low Market Value - A list of stocks with circulating market values below 2 billion yuan includes: - *ST Yuan Cheng: 280 million yuan, PE ratio: N/A, Industry: Construction Decoration - *ST Gao Hong: 430 million yuan, PE ratio: N/A, Industry: Communication - Kuntai Co., Ltd.: 646 million yuan, PE ratio: 46.97, Industry: Automotive - *ST Su Wu: 682 million yuan, PE ratio: N/A, Industry: Pharmaceutical Biology - Kangliyuan: 693 million yuan, PE ratio: 35.86, Industry: Light Industry Manufacturing - Kereisi: 716 million yuan, PE ratio: 175.03, Industry: Communication - Boen Group: 729 million yuan, PE ratio: N/A, Industry: Agriculture, Forestry, Animal Husbandry, and Fishery [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of October 28, there are 936 stocks with a circulating market value below 3 billion yuan, and 372 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,649 stocks have a total market value below 5 billion yuan, with 542 stocks below 3 billion yuan [1] Smallest Market Capitalization Stocks - The three stocks with the smallest circulating market values are: - *ST元成: 293 million yuan - *ST高鸿: 430 million yuan - 坤泰股份: 658 million yuan [1] - The three stocks with the smallest total market values are: - *ST元成: 293 million yuan - *ST高鸿: 440 million yuan - *ST苏吴: 682 million yuan [1] Selected Stocks with Low Market Capitalization - A list of stocks with circulating market values below 2 billion yuan includes: - *ST元成: 293 million yuan, PE ratio: N/A, Industry: Construction Decoration - *ST高鸿: 430 million yuan, PE ratio: N/A, Industry: Communication - 坤泰股份: 658 million yuan, PE ratio: 47.90, Industry: Automotive - *ST苏吴: 682 million yuan, PE ratio: N/A, Industry: Pharmaceutical [1][2]

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of October 24, there are 955 stocks with a circulating market value below 3 billion yuan, and 380 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,681 stocks have a total market value below 5 billion yuan, with 542 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Yuan Cheng at 326 million yuan, *ST Gao Hong at 430 million yuan, and Kuntai Co., Ltd. at 661 million yuan [1] - The three stocks with the smallest total market values are also *ST Yuan Cheng at 326 million yuan, *ST Gao Hong at 440 million yuan, and *ST Su Wu at 754 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as construction decoration, communication, automotive, and more [1][2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of October 23, there are 951 stocks with a circulating market value below 3 billion yuan, and 382 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,681 stocks have a total market value below 5 billion yuan, with 546 stocks having a total market value below 3 billion yuan [1] Market Overview - The three stocks with the smallest circulating market values are *ST Yuan Cheng at 342 million yuan, *ST Gao Hong at 430 million yuan, and Kuntai Co. at 648 million yuan [1] - The three stocks with the smallest total market values are also *ST Yuan Cheng at 342 million yuan, *ST Gao Hong at 440 million yuan, and *ST Su Wu at 718 million yuan [1] Stock Performance - A detailed list of stocks with circulating market values below 2 billion yuan includes: - *ST Yuan Cheng: Circulating market value 342 million yuan, total market value 342 million yuan, P/E ratio not applicable, industry: Construction Decoration [1] - *ST Gao Hong: Circulating market value 430 million yuan, total market value 440 million yuan, P/E ratio not applicable, industry: Communication [1] - Kuntai Co.: Circulating market value 648 million yuan, total market value 2.348 billion yuan, P/E ratio 53.33, industry: Automotive [1] - Additional stocks with low circulating market values include: - Kangliyuan: Circulating market value 678 million yuan, total market value 2.654 billion yuan, P/E ratio 45.32, industry: Light Industry Manufacturing [1] - Kereisi: Circulating market value 704 million yuan, total market value 2.393 billion yuan, P/E ratio 195.79, industry: Communication [1] - *ST Su Wu: Circulating market value 718 million yuan, total market value 718 million yuan, P/E ratio not applicable, industry: Pharmaceutical Biology [1]