Group 1 - The article reviews the one-year anniversary of the A-share "924 market" and highlights that from September 24, 2024, to September 22, 2025, 2,952 analysts published 198,200 research reports [1] - The top three analysts by report volume are Fan Junhao from Huatai Securities in consumer discretionary with 1,214 reports, Xie Chunsheng from Huatai Securities in electronics and computing with 1,017 reports, and Yin Ruizhe from Guojin Securities in fixed income with 820 reports [1] - The quantity of research reports is influenced by multiple factors, including the nature of industry research, the frequency of data updates, the differing signing practices of chief analysts, and the varying focus on external versus internal services [1] Group 2 - The overall number of research reports reflects the workload of analysts but should not be the sole measure of their capability; both excessive and insufficient report volumes are undesirable [1]