Group 1 - The core viewpoint is that the performance of large-cap stocks in the A-share market is significantly stronger than that of small-cap stocks, leading to a situation where some investors feel they are only earning from the index without actual profits [1][2] - Large-cap stocks are seen as industry leaders with competitive advantages in areas such as procurement, cost control, and market expansion, which allows them to withstand risks and maintain stable performance [1][2] - The market is evolving towards a greater recognition of the value of large-cap stocks, driven by a shift in investor focus towards fundamental analysis and long-term value [2][3] Group 2 - The increasing maturity of the A-share market is reflected in the growing interest in large-cap stocks, which provide stable cash flows and lower volatility, aligning with long-term investment strategies [2] - Institutional investors are becoming more prominent, favoring large-cap stocks due to their stability and ability to meet investment needs, which is a trend expected to continue [2] - The active performance of large-cap stocks compared to small-cap stocks signals a transition towards a more mature and rational market environment [3]