Group 1 - The core viewpoint of the article highlights the potential pitfalls for retail investors in the context of the IPO of Xidi Zhijia, emphasizing the disparity between impressive revenue growth and significant net losses [1][3] - Xidi Zhijia's IPO showcases a textbook example of capital operation, with notable institutional backing from investors like Sequoia and Baidu, indicating a strong institutional support model [3][10] - The article draws parallels between the current market conditions and past IPOs, warning that retail investors may be drawn to the hype without recognizing underlying risks, as seen in the case of NIO [3][4] Group 2 - The article discusses the "bull market adjustment" phenomenon, where the Hang Seng Tech Index experiences significant fluctuations while institutions continue to buy on dips, suggesting a complex market dynamic [4][10] - It notes that despite Xidi Zhijia's overall losses, projections for revenue in the first half of 2024 are nearly equal to the total revenue for 2023, indicating potential turning points hidden in financial reports [7][10] - The article emphasizes that true stock price trends are driven by capital behavior rather than technical analysis, advocating for a quantitative approach to understanding market movements [8][10] Group 3 - Xidi Zhijia's market share in the autonomous mining truck sector is reported at 16.8%, but the marginal efficiency improvement of only 104% raises concerns about potential "high open low walk" scenarios for institutional arbitrage [10][11] - The article draws a comparison between the operational needs of autonomous mining trucks and the necessity for continuous monitoring in quantitative trading, suggesting that investors should adopt similar vigilance [11][13] - It concludes with three key pieces of advice for investors: be wary of "scene limitations," understand the "mining efficiency" of capital, and establish a personal monitoring system for trading behaviors [13]