Core Viewpoint - A-shares experienced narrow fluctuations on September 30, with the Shanghai Composite Index rising by 0.52% and the Shenzhen Component Index increasing by 0.35, while the ChiNext Index remained nearly flat [1] Market Performance - The non-ferrous metals sector continued its strong performance, with stocks like Jiangxi Copper and Xiyegang hitting the daily limit [1] - The storage chip concept saw significant gains, with Jiangbolong and Demingli reaching the daily limit, and Huahong Technology rising over 15% [1] - Aerospace and military industry concepts strengthened during the session, with stocks such as AVIC Shenyang Aircraft and Beimo High-tech hitting the daily limit [1] - The liquor sector weakened, with stocks like Jiu Gui Jiu and Huangtai Liquor dropping over 3% [1] - Other sectors with notable gains included lithium mining, computing power, rare earth permanent magnets, and solid-state batteries, while sectors like CPO concept, diversified finance, brokerage, and tourism experienced declines [1] - Overall, more than 2,600 stocks in the market rose, with a total transaction amount exceeding 2.1 trillion yuan [1]

Market Overview - On September 4, the Shanghai Composite Index opened down 0.15%, while the Shenzhen Component Index opened up 0.44%, and the ChiNext Index opened up 1.18%. By the time of reporting, the Shanghai Composite Index had fallen by 1.63% to 3751.53 points, the Shenzhen Component Index had decreased by 2.06% to 12214.93 points, and the ChiNext Index had dropped by 2.81% to 2817.87 points [2]. Key Stock Movements - The stock of Cambrian (寒武纪) experienced a significant decline, dropping over 10% to a latest price of 1252.05 CNY per share, falling below the 1300 CNY mark, with a total trading volume exceeding 15 billion CNY [3]. - Cambrian's weight in the STAR 50 Index is currently 15.42%, and the top five stocks in the index account for a combined weight of 46.23% [5][6]. Index Adjustment Impact - The Shanghai Stock Exchange and China Securities Index Co., Ltd. announced an adjustment to the STAR 50 Index, effective after the market closes on September 12. This adjustment will limit the weight of individual samples to no more than 10% and the combined weight of the top five samples to no more than 40% [5]. - Due to the index adjustment, it is estimated that approximately 10 billion CNY will flow out of Cambrian as index-tracking funds will need to rebalance their portfolios [6]. Sector Performance - The tourism sector showed resilience, with stocks like Lingnan Holdings rising over 6%, and other companies such as Tianfu Culture and Caesar Travel also experiencing gains [7]. - Conversely, sectors such as semiconductors and precious metals faced declines, with stocks like New Yisheng, Tianfu Communication, and Taicheng Light dropping over 10% [7].

Core Viewpoint - Lian Technology's stock price has experienced a slight decline, reflecting market fluctuations and recent developments in its business segments [1] Group 1: Stock Performance - As of August 13, 2025, Lian Technology's stock price closed at 55.90 yuan, down by 0.15 yuan, a decrease of 0.27% from the previous trading day [1] - The stock opened at 56.39 yuan, reached a high of 56.39 yuan, and a low of 55.60 yuan during the trading session [1] - The trading volume was 7423 lots, with a total transaction value of 0.42 billion yuan [1] Group 2: Business Segments - Lian Technology's main business focuses on plastic products, while also engaging in robotics, specialized and innovative sectors [1] - Recently, the company has introduced a "tourism concept," with its "Little Donkey Companion" product currently in the testing phase at scenic spots, aimed at providing online and offline tourism cultural content services [1] Group 3: Capital Flow - On August 13, 2025, there was a net outflow of 369,100 yuan in main capital, with a cumulative net outflow of 10.87 million yuan over the past five days [1]