Market Trends and Highs Tracking - The report aims to track stocks, industries, and sectors that are reaching new highs, serving as market indicators. Increasing research supports the effectiveness of momentum and trend-following strategies [1][4][26] - As of September 5, 2025, the distance to the 250-day new highs for major indices are as follows: Shanghai Composite Index at 1.83%, Shenzhen Component Index at 1.86%, CSI 300 at 1.40%, CSI 500 at 2.76%, CSI 1000 at 3.41%, CSI 2000 at 3.64%, ChiNext at 0.00%, and STAR Market at 7.04% [6][24] High-Performing Sectors and Stocks - The sectors closest to their 250-day new highs include Power Equipment & New Energy, Nonferrous Metals, Basic Chemicals, Machinery, and Light Industry Manufacturing. In contrast, sectors like Coal, Food & Beverage, Transportation, Real Estate, and Banking are further from their new highs [9][24] - As of September 5, 2025, a total of 1,715 stocks reached 250-day new highs in the past 20 trading days, with the highest numbers in the Machinery, Electronics, and Basic Chemicals sectors [14][25] Concept Indices and Their Performance - Concept indices such as Wind Power, Sodium-ion Batteries, New Energy Vehicles, and Photovoltaics are also close to their 250-day new highs, indicating strong market interest in these areas [11][24] Stable High-Performing Stocks - The report identifies 50 stocks that have shown stable performance and continuous new highs, including Shenghong Technology, Shengyi Electronics, and Industrial Fulian. The Technology and Cyclical sectors have the most stocks in this category, with Electronics leading in Technology and Basic Chemicals in Cyclical [21][26]