Market Overview - On September 4, the Shanghai Composite Index fell by 1.25%, the Shenzhen Component Index dropped by 2.83%, the ChiNext Index decreased by 4.25%, and the CSI 300 Index declined by 2.12% [1] - Among the tradable A-shares, 2,297 stocks rose, accounting for 42.41%, while 2,990 stocks fell [1] Capital Flow - The main capital experienced a net outflow of 92.547 billion yuan, marking the ninth consecutive trading day of net outflows [1] - The ChiNext saw a net outflow of 28.636 billion yuan, the Sci-Tech Innovation Board had a net outflow of 14.176 billion yuan, and the CSI 300 constituents experienced a net outflow of 25.506 billion yuan [1] Industry Performance - In the Shenwan first-level industry classification, 11 industries rose, with the leading sectors being retail (+1.63%) and beauty care (+1.19%) [1] - The sectors with the largest declines were telecommunications (-8.48%) and electronics (-5.08%) [1][2] Industry Capital Flow - Only three industries saw net inflows: banking (+0.79%, net inflow of 2.925 billion yuan), retail (+1.63%, net inflow of 1.865 billion yuan), and beauty care (+1.19%, net inflow of 0.083 billion yuan) [1] - The electronics industry had the largest net outflow of 22.341 billion yuan, followed by the computer industry with a net outflow of 15.159 billion yuan [2] Individual Stock Performance - A total of 1,523 stocks experienced net inflows, with 519 stocks having inflows exceeding 10 million yuan, and 66 stocks with inflows over 100 million yuan [3] - The stock with the highest net inflow was Pacific Securities, which rose by 10.11% with a net inflow of 1.621 billion yuan [3] - The stocks with the largest net outflows included Yanshan Technology, Zhongji Xuchuang, and Xinyi Sheng, with net outflows of 3.006 billion yuan, 2.003 billion yuan, and 1.778 billion yuan, respectively [3]

来源：上海证券报·中国证券网 据来源：Choice金融终端 上证报中国证券网讯 截至9月4日10时30分，申万一级行业板块中，主力资金净流入电力设备、商贸零 售、社会服务等板块，其中，电力设备板块净流入近30亿元。主力资金净流出电子、计算机、通信等板 块，其中，电子板块净流出超110亿元。 | 数据 | 来源：Choice金融终端 | | --- | --- | | 数 | | ...

Market Overview - The A-share market experienced an overall decline on September 3, with the Shanghai Composite Index closing at 3813.56 points, down 1.16%, and the Shenzhen Component Index at 12472 points, down 0.65%. The ChiNext Index rose by 0.95% to 2899.37 points. The total market turnover was 23961.02 billion yuan, a decrease of 5166.64 billion yuan compared to the previous trading day [2]. Capital Flow - The main capital outflow from the A-share market was 479.12 billion yuan, with an opening net outflow of 51.09 billion yuan and a closing net outflow of 97.71 billion yuan [3][4]. - The CSI 300 index saw a net outflow of 57.65 billion yuan, while the ChiNext experienced a net outflow of 203.51 billion yuan and the STAR Market had a net outflow of 28.31 billion yuan [5]. Sector Performance - In the primary industry sectors, only two sectors saw net capital inflows, with the power equipment sector leading at 70.39 billion yuan, despite a decline of 0.74% [7][8]. - The top five sectors with the largest capital outflows included: - Computer: -172.12 billion yuan - Non-bank financials: -158.23 billion yuan - Defense: -125.99 billion yuan - Machinery: -123.67 billion yuan - Automotive: -117.41 billion yuan [8]. Stock Highlights - The stock with the highest net capital inflow was Yanshan Technology, with 30.18 billion yuan [9]. - Institutions showed interest in several stocks, with notable net purchases in: - Chenxin Pharmaceutical: 115.76 million yuan - Xiaocheng Technology: 110.91 million yuan - Ailuo Energy: 72.55 million yuan [12]. Institutional Focus - Recent institutional ratings and target prices for selected stocks include: - Jinhe Industrial: Strong Buy, target price 28.40 yuan, current price 22.53 yuan, upside potential 26.05% - Hanzhong Precision: Buy, target price 40.55 yuan, current price 26.62 yuan, upside potential 52.33% [14].

今日各行业主力资金流向一览 | 行业名 | 成交量（亿 | 成交量较昨日增减 | 换手率 | 涨跌幅 | 今日主力资金净流入（亿 | | --- | --- | --- | --- | --- | --- | | 称 | 股） | （%） | （%） | （%） | 元） | | 电力设 | 95.37 | -9.20 | 3.81 | 1.44 | 29.58 | | 备 | | | | | | | 纺织服 饰 | 23.86 | 1.69 | 3.41 | -1.17 | 2.22 | | 综合 | 6.34 | -18.46 | 3.75 | 1.64 | 0.03 | | 传媒 | 54.48 | -14.57 | 3.72 | -0.15 | -0.79 | | 环保 | 22.15 | -23.83 | 2.46 | -1.66 | -1.48 | | 社会服 务 | 21.60 | -6.55 | 4.78 | -1.28 | -2.01 | | 美容护 理 | 2.54 | -14.92 | 2.57 | -2.24 | -2.73 | | 轻工制 | 27.56 | -4.46 | 3.29 ...

【主力资金监控：岩山科技净买入超29亿】智通财经9月3日电，智通财经星矿数据显示，今日早盘主力 资金净流入化学制药、电力设备、文化传媒等板块，净流出国防军工、电子、非银金融等板块，其中国 防军工板块净流出超53亿元。个股方面，岩山科技涨停，主力资金净买入29.23亿元位居首位，紫光股 份、阳光电源、恒瑞医药获主力资金净流入居前；山子高科遭净卖出超9亿元，东方财富、太平洋、新 易盛主力资金净流出额居前。 转自：智通财经 ...

Core Insights - The banking sector experienced the highest net inflow of funds, amounting to 34.17 billion, with a price change of 1.95% and a turnover rate of 0.47% [1][2] - The electronics sector faced the largest net outflow of funds, totaling -345.44 billion, with a price change of -3.85% and a turnover rate of 5.40% [1][2] Industry Summary - **Banking**: - Trading volume: 62.23 million shares - Change in trading volume: -5.12% - Turnover rate: 0.47% - Price change: 1.95% - Net inflow: 34.17 billion [1] - **Public Utilities**: - Trading volume: 59.99 million shares - Change in trading volume: 10.76% - Turnover rate: 1.50% - Price change: 0.99% - Net inflow: 9.36 billion [1] - **Petroleum and Petrochemicals**: - Trading volume: 22.91 million shares - Change in trading volume: 18.20% - Turnover rate: 0.62% - Price change: 0.37% - Net inflow: 2.49 billion [1] - **Electronics**: - Trading volume: 150.12 million shares - Change in trading volume: 4.58% - Turnover rate: 5.40% - Price change: -3.85% - Net outflow: -345.44 billion [2] - **Mechanical Equipment**: - Trading volume: 127.04 million shares - Change in trading volume: 30.92% - Turnover rate: 4.66% - Price change: -1.11% - Net outflow: -48.38 billion [1] - **Non-banking Financials**: - Trading volume: 87.34 million shares - Change in trading volume: 23.86% - Turnover rate: 2.11% - Price change: -1.05% - Net outflow: -70.85 billion [1] - **Pharmaceuticals and Biotechnology**: - Trading volume: 79.42 million shares - Change in trading volume: -3.87% - Turnover rate: 2.90% - Price change: -1.06% - Net outflow: -73.99 billion [1]

来源：上海证券报·中国证券网 上证报中国证券网讯 截至9月2日10时50分，申万一级行业板块中，主力资金净流入银行、公用事业等 板块，其中，银行板块净流入超13亿元。主力资金净流出电子、计算机、通信等板块，其中，电子板块 净流出超220亿元。 数据来 | | | 源：Choice金融终端 ...

Core Insights - The pharmaceutical and biological industry saw the largest net inflow of capital today, amounting to 3.475 billion, with a price change of 2.79% and a turnover rate of 3.02% [1] - The non-banking financial sector experienced the largest net outflow of capital, totaling -8.079 billion, with a price change of -1.28% and a turnover rate of 1.70% [1] Industry Summary - **Pharmaceutical and Biological**: - Trading volume: 8.262 billion - Change in trading volume: +19.43% - Turnover rate: 3.02% - Price change: +2.79% - Net capital inflow: 3.475 billion [1] - **Communication**: - Trading volume: 5.429 billion - Change in trading volume: +4.39% - Turnover rate: 3.10% - Price change: +5.22% - Net capital inflow: 1.291 billion [1] - **Real Estate**: - Trading volume: 4.600 billion - Change in trading volume: -5.90% - Turnover rate: 2.12% - Price change: +0.76% - Net capital inflow: 0.658 billion [1] - **Textile and Apparel**: - Trading volume: 2.287 billion - Change in trading volume: +33.57% - Turnover rate: 3.26% - Price change: +0.91% - Net capital inflow: 0.169 billion [1] - **Non-banking Financial**: - Trading volume: 7.052 billion - Change in trading volume: -18.77% - Turnover rate: 1.70% - Price change: -1.28% - Net capital outflow: -8.079 billion [2] - **Electronics**: - Trading volume: 14.355 billion - Change in trading volume: -0.53% - Turnover rate: 5.16% - Price change: -42.69% - Net capital outflow: -6.775 billion [2] - **Automobile**: - Trading volume: 7.690 billion - Change in trading volume: -2.25% - Turnover rate: 3.50% - Price change: -0.45% - Net capital outflow: -3.793 billion [2]

9月1日，A股市场整体上涨。 截至收盘，上证指数收报3875.53点，上涨0.46%，深证成指收报12828.95点，上涨1.05%，创业板指收 报2956.37点，上涨2.29%，北证50指数下跌0.36%。A股市场合计成交27780.05亿元，较上一交易日减少 525.88亿元。 1. A股市场全天资金净流出364.22亿元 今日A股市场主力资金开盘净流出183.69亿元，尾盘净流出41.39亿元，A股市场全天资金净流出364.22 亿元。 4.利欧股份主力资金净流入18.51亿元居首 | | | 沪深两市近五日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | | 尾盘净流入 超大单净买入 | | 2025-9-1 | -364.22 | -183.69 | -41.39 | -131.29 | | 2025-8-29 | -527.66 | -222. 09 | -41.04 | -247.22 | | 2025-8-28 | -389.74 | -174. 52 | 88. 42 | -122. 21 | ...

Group 1 - A-shares opened positively on September 1, with the ChiNext index rising over 2%, driven by gains in precious metals, jewelry, biopharmaceuticals, energy metals, medical services, and chemical pharmaceuticals sectors [1][2] - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 36.422 billion yuan, with eight industries seeing net inflows, particularly in telecommunications and biopharmaceuticals, which had net inflows of 1.533 billion yuan and 1.112 billion yuan respectively [1][2] - Among the 23 industries with net outflows, the computer industry led with a net outflow of 6.818 billion yuan, followed by power equipment, automotive, and electronics industries, each exceeding 4 billion yuan in outflows [1][2] Group 2 - Liou Co. saw the highest net inflow of 1.851 billion yuan, despite a 9.62% year-on-year decline in total revenue to 9.635 billion yuan, while net profit increased by 164.28% to 478 million yuan [2][3] - Hengbao Co. ranked second with a net inflow of 1.386 billion yuan, as digital currency concept stocks surged, with several companies hitting the daily limit [2][3] - A total of 173 stocks experienced net outflows exceeding 1 billion yuan, with 17 stocks seeing outflows over 5 billion yuan [3][4] Group 3 - The top three stocks with net inflows included Liou Co. (10.08% increase), Hengbao Co. (10.00% increase), and ZTE Corporation (5.63% increase) [3] - The leading stocks with net outflows were Dongfang Caifu (21.69 billion yuan outflow), BYD (17.23 billion yuan outflow), and China Rare Earth (14.12 billion yuan outflow) [4][5] Group 4 - In the late trading session, three stocks, including CATL, Innovation Medical, and Sanwei Communication, saw net inflows exceeding 1 billion yuan, with CATL leading at 155 million yuan [6][7] - The late session net outflows were led by Jinli Permanent Magnet, Lixun Precision, and Gree Electric, each with outflows exceeding 1 billion yuan [8]