Core Insights - Lexin Technology confirmed on November 14 that it is complying with regulatory requirements for information disclosure and currently has no undisclosed significant matters [2] Company Overview - Lexin Technology operates in the broad Internet of Things (IoT) sector, with downstream applications including but not limited to smart home, consumer electronics, industrial control, smart agriculture, healthcare, energy management, vehicle networking, and education [2]

Market Overview - A-shares experienced fluctuations on May 9, with the Shanghai Composite Index adjusting at low levels and the ChiNext Index dropping over 1% at one point [1] - The banking sector showed resilience, with major banks like China Construction Bank, Shanghai Pudong Development Bank, and Jiangsu Bank reaching historical highs [1] - The ST sector continued its strong performance, with over 20 stocks hitting the daily limit up [1] - Semiconductor stocks declined, with Huahong Semiconductor falling over 10% [1] Sector Performance - Textile manufacturing, banking, electricity, and ST sectors saw significant gains, while semiconductor, film and television, retail, and storage chip sectors faced notable declines [2] Institutional Insights - Huatai Securities anticipates that increased investment in global AI computing power will drive high growth in the optical communication sector, with telecom operators expected to maintain steady growth [3] - Open Source Securities highlights that the recent "merger and acquisition six guidelines" have positioned central state-owned enterprises as key players in the current wave of mergers and acquisitions, particularly in hard technology [3] Economic Data - In the first four months, China's imports and exports to neighboring countries grew by 5.1%, with trade relations deepening [5] - In April, China's exports in USD terms increased by 8.1%, outperforming expectations, while imports slightly decreased by 0.2% [6] Company Updates - Semiconductor giants SMIC and Huahong Semiconductor have not announced any A-share shareholder reductions recently, despite changes in shareholding by a significant investor [7][8]