Core Viewpoint - The National Index of Free Cash Flow has decreased by 0.16% as of December 10, 2025, with specific stocks showing varied performance, indicating a mixed sentiment in the A-share market [1] Market Performance - Since mid-November, the A-share market has shown a fluctuating trend, with total market turnover oscillating between 1.5 trillion to 1.9 trillion yuan, and recently surpassing 2 trillion yuan after 16 trading days [1] Long-term Market Outlook - According to a report by China International Capital Corporation (CICC), the A-share market is expected to transition into a long-term stable growth paradigm, driven by increased retail investment, long-term capital inflows, and improved market profitability [1] Key Stocks in Free Cash Flow Index - As of November 28, 2025, the top ten weighted stocks in the National Index of Free Cash Flow include China National Offshore Oil Corporation, SAIC Motor, Wuliangye Yibin, Gree Electric Appliances, China Aluminum, Luoyang Molybdenum, Shaanxi Coal and Chemical Industry, Xiamen International Trade, Shanghai Electric, and Chint Group, collectively accounting for 54.4% of the index [1] Investment Opportunities - The cash flow ETF managed by Harvest (159221) closely tracks the National Index of Free Cash Flow, aiming to create a portfolio that combines profitability quality with dividend potential [1] - Investors can also access opportunities through the Harvest cash flow ETF's off-market connection (024574) [1]