Market Overview - The A-share market has experienced increased volatility recently, with notable fluctuations in various indices [1] - The Shanghai Composite Index has seen a decline for three consecutive trading days starting from September 2, followed by a strong rebound of 1.24% on September 5 [2] - The Shenzhen Component Index and the ChiNext Index exhibited even greater volatility, with the Shenzhen Component dropping 2.14% and 2.83% on September 2 and 4 respectively, before surging 3.89% on September 5 [2] Hot Stocks on the Dragon and Tiger List - Several popular stocks have appeared on the Dragon and Tiger List amid the market's increased volatility [3] - Shenghong Technology (300476) has been a market leader, with its stock price rising nearly 400% since mid-April. The stock experienced an 8.81% drop on September 4, followed by a 20% limit-up on September 5, reaching a historical high. On September 5, net buying from the Shenzhen Stock Connect was approximately 11.7 billion yuan [3] - New Yisheng (300502), another market leader, has seen a maximum increase of over 700% since mid-April. The stock dropped 15.58% on September 4 but rebounded over 11% on September 5. On September 4, net buying from the Shenzhen Stock Connect was about 4.01 billion yuan [4] - Tianfu Communication (300394) has also shown strong performance, with a maximum increase of over 400% since mid-April. The stock fell 15.42% on September 4 and rebounded 7.57% on September 5, with net buying of approximately 2.82 billion yuan on September 4 [4] Performance of New Energy Stocks - Some stocks in the new energy sector have shown even stronger performance recently, with many appearing on the Dragon and Tiger List [5] - Sungrow Power Supply (300274) has been a strong performer, with trading volumes exceeding 10 billion yuan for three consecutive days. On September 5, the stock surged 16.67%, reaching a new high for the year. From September 3 to 5, net buying from the Shenzhen Stock Connect was 19.31 billion yuan [5] - EVE Energy (300014) is another strong leader in the new energy sector, with a 16.59% increase on September 5. During the same period, several institutional seats appeared on the Dragon and Tiger List, with one institution net buying 2.15 billion yuan, while another net sold 3.06 billion yuan [5]

Core Viewpoint - The A-share market has experienced increased volatility recently, with several popular stocks appearing on the trading platform's "Dragon and Tiger List" [1][2][4]. Market Overview - The A-share market has shown significant fluctuations, with major indices like the Shanghai Composite Index and Shenzhen Component Index experiencing sharp declines followed by strong rebounds [3][4]. - For instance, the Shanghai Composite Index fell for three consecutive trading days starting September 2, then surged by 1.24% on September 5 [3]. Stock Performance - Several leading stocks have seen substantial price movements: - Shenghong Technology has risen nearly 400% since mid-April, with a notable drop of 8.81% on September 4, followed by a 20% limit-up on September 5 [5]. - New Yisheng, a leader in optical modules, has increased over 700% since mid-April, experiencing a 15.58% drop on September 4 and an 11% rise on September 5 [5]. - Tianfu Communication has also shown strong performance, with a 400% increase since mid-April, dropping 15.42% on September 4 and rebounding 7.57% on September 5 [6]. Institutional Activity - Institutional trading activity has been notable: - On September 5, Shenghong Technology saw a net buy of approximately 11.7 billion yuan from the Shenzhen Stock Connect [5]. - New Yisheng had a net buy of about 4.01 billion yuan on September 4, with significant trading from institutional seats [5]. - Tianfu Communication recorded a net buy of approximately 2.82 billion yuan on September 4, with institutions showing a net buying trend [6]. New Energy Sector - The new energy sector has shown strong performance: - Yangguang Power has seen trading volumes exceed 100 billion yuan over three days, with a 16.67% increase on September 5 [7]. - Yiyuan Lithium Energy also rose by 16.59% on September 5, with significant institutional buying activity [7].

Market Overview - The A-share market experienced a sudden decline in the afternoon, with the Shanghai Composite Index dropping over 0.2% before recovering slightly, while the Shenzhen Component and ChiNext indices fell [2] - The trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the first time this year, marking the seventh consecutive trading day of such volume [2] Sector Performance - Securities stocks collectively faced a pullback, with notable declines including Changcheng Securities down over 6% and Hato Securities down over 5% [2][3] - Several high-priced stocks hit the daily limit down, including Lianhuan Pharmaceutical and Zhongdian Xindong, with others like Shunlian Bio and Sainuo Medical dropping over 8% [4] Banking Sector - In contrast, bank stocks showed strength in the afternoon, with Agricultural Bank of China and Postal Savings Bank reaching new historical highs during the session [2] Hong Kong Market - The Hang Seng Index fell over 0.5%, and the Hang Seng Tech Index dropped more than 1% [6] - AAC Technologies Holdings (02018.HK) saw a rapid decline of over 14% following the release of its interim results, despite reporting a revenue of 13.32 billion yuan, a year-on-year increase of 18.4% [6][8] Company Performance - AAC Technologies reported a gross margin of 20.7%, down 0.8 percentage points year-on-year, attributed to changes in product mix, while net profit attributable to shareholders increased by 63.1% to 876 million yuan due to improved profitability in optical business and rapid growth in precision structural components [8] - CICC noted that the overall valuation level of A-shares remains reasonable, but the rapid increase in trading volume may lead to short-term volatility [8]