Core Viewpoint - *ST亚太 has experienced significant stock price increases, with a total rise of 20.15% over four trading days, indicating strong market interest and volatility [2] Trading Performance - The stock recorded three trading halts within four days, with a cumulative turnover rate of 14.28% [2] - As of 9:30, the stock's trading volume reached 4.0564 million shares, with a transaction value of 25.2047 million yuan, resulting in a turnover rate of 1.25% [2] - The latest total market capitalization of the stock is 2.024 billion yuan [2] Shareholder Dynamics - As of July 20, the number of shareholders increased to 14,959, up by 745 from the previous period, reflecting a 5.24% increase [2] - This marks the second consecutive period of growth in shareholder numbers, indicating a trend of increasing share dispersion [2] Financial Performance - In the first quarter, the company reported total revenue of 90 million yuan, a year-on-year decrease of 13.64%, and a net loss of 9.0511 million yuan, down 1.37% year-on-year [2] - The company’s half-year earnings forecast indicates an expected net loss ranging from 21 million yuan to 13 million yuan [2] Recent Trading Data - The stock's daily performance over recent days shows fluctuations, with notable increases and decreases in both price and turnover rates [2] - For instance, on July 28, the stock rose by 4.93% with a turnover rate of 2.35% and a net inflow of 6.1595 million yuan [2]

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges plan to adjust the price fluctuation limit for risk warning stocks from 5% to 10%, aiming to enhance pricing efficiency in the market [2][9]. Group 1: Risk Warning Stocks - Risk warning stocks include "*ST" and "ST" stocks, which are subject to trading restrictions due to financial irregularities that may lead to forced delisting [2]. - As of July 2, there are 99 "*ST" stocks and 74 "ST" stocks in the main boards of the Shanghai and Shenzhen markets [2]. - "*ST" stocks have a higher risk of delisting compared to "ST" stocks, with most stocks that were forcibly delisted this year being "*ST" stocks [2]. Group 2: Stock Performance - Stocks that received a "*ST" designation often experience significant price declines prior to delisting, with examples showing price drops between 75% and 92% in the year leading up to their delisting [2]. - For instance, after being designated as "*ST", Taihe Water's stock price fell by 20% in the month prior to the announcement and dropped 9.54% on the announcement day [3]. - Highong Co. transitioned from "ST" to "*ST" in April 2024, with its stock price declining by 48% over the year and an additional 9% from the beginning of the year to July 2 [4]. Group 3: Market Implications - The adjustment of the fluctuation limit to 10% means that if a company's fundamentals improve, its stock price can rise more quickly, and conversely, if the fundamentals worsen, the stock price can fall rapidly, potentially leading to faster delisting [9]. - Experts advise that ordinary investors should avoid "*ST" and "ST" stocks due to their inherent risks and historical performance trends [9].

Market Overview - The market sentiment is weak, with early profit-taking observed ahead of the Dragon Boat Festival, indicating a lack of confidence in the upcoming market performance [1][3] - Despite some individual stocks showing positive rebounds, the overall market remains unconvincing, with many stocks following the index movements without strong buying support [1][3] Trading Strategy - The recent trading data indicates a weak rebound, with buying power remaining low at around 500+ over the past three days, suggesting limited market participation [3] - Selling pressure is expected to increase as the festival approaches, with a growing tendency to avoid risks, especially after previous market disruptions during similar periods [3] Sector Analysis - The ST (Special Treatment) stocks continue to be a strong focus, although the enthusiasm for restructuring within this sector appears to be waning [5] - Controlled nuclear fusion has emerged as a main theme, showing signs of strength, while other sectors lack continuity in performance [5][6] Market Data - On the day of reporting, 75 stocks hit the daily limit up, while 8 stocks hit the limit down, indicating a mixed performance [4] - The buying power was recorded at 793, while selling power was at 180, reflecting a significant disparity in market dynamics [4] Conclusion - The overall market is characterized by low trading volume and a lack of sustained momentum, with the potential for increased selling pressure as the holiday approaches [1][3][5]

Market Overview - The micro-cap stock index rose over 2% during the morning session, while the three major indices experienced slight declines [1] - The total trading volume in the Shanghai and Shenzhen markets reached 707.5 billion, an increase of 41.8 billion compared to the previous trading day [1] - A total of 2,900 stocks in the market saw gains, indicating a broad-based upward movement [1] Sector Performance - Mergers and acquisitions, as well as ST stocks, saw significant gains, with companies like Guangzhi Technology hitting the daily limit [1] - Port and shipping stocks strengthened again, with Lianyungang also reaching the daily limit [1] - Controlled nuclear fusion concept stocks maintained strong performance, with Wangzi New Materials hitting the daily limit [1] - In contrast, the robotics sector faced adjustments, with Longxi Co. hitting the daily limit down [1] Index Performance - By the end of the session, the Shanghai Composite Index fell by 0.09%, the Shenzhen Component Index decreased by 0.36%, and the ChiNext Index dropped by 0.53% [1] Limit-Up Performance - The limit-up rate was recorded at 78%, with 60 stocks hitting the limit and 17 stocks touching the limit [4] - The opening rate was 77%, and the profit rate stood at 66% [4]