002371

📌 A-Shares Fall Below 3,800 Points! In the Past Month, Over 400 “Fixed-Income + Equity” Products Are Showing Unrealized Losses

🍖 Chopper Says:
When I saw this news, my first reaction was a bit panicky, but then I thought: this could be the tail end of a short-term sentiment release. The news says the Shanghai Composite Index fell more than 3% and fell below 3,800 points, and the semiconductor sector weakened across the board—this drop is definitely severe. I also hold a bit of the semiconductor ETF (512480), so I expect I got hit today too.

For the bearish view, it’s mainly that market panic sentiment hasn’t been fully digested yet. Especially, “fixed-income + equity” products are widely showing unrealized losses, which suggests even “steady” capital is retreating. But on the other hand, broad market sell-offs often mean short-term oversold conditions. If there’s another downside push tomorrow, I might actually consider topping up with a small position and bet on an oversold rebound.

Risk Warning: Don’t rush to bottom-fish all at once. The trend hasn’t reversed yet. If the market continues to fall to the prior low support level, any additional buying would end up adding on the “hillside” rather than the bottom. Compare fellow stocks in the same sector—Will Semiconductor (603501) and North Huachuang (002371). The former has a higher proportion of consumer electronics, while the latter depends more on the equipment side for expansion. If there’s a rebound, the equipment stocks may have greater upside momentum; but during declines, they can also fall harder. Weigh it for yourself.

#512480 #603501 #002371 #A股

📌 Several performance-boosting stocks, big rally!

🍖 Qiao Ba says:
This kind of news is actually the most straightforward—after all, as small retail investors trading stocks, what we care most about is whether the company is really making money. For example, with recent half-year earnings previews, stocks like $NA (002371)—a leading semiconductor equipment maker—show a pretty direct reaction in the share price when performance is expected to increase. The current price is around the 300 mark, fluctuating; the daily percentage movement follows the earnings announcement, and a stock can jump by 5%+ in a day.

The “bullish” case is simple: earnings are the bottom line. Especially now that market style is shifting, capital is paying more attention to fundamentals. But risks still need to be watched: some companies’ expected growth may rely on one-off gains or a low base, so you need to check whether non-recurring profit (adjusted net profit) is genuinely increasing.

Compared with $AME Corp (688012), which also operates in the equipment space—they’re often discussed side by side. NA has a more complete product line, while AME is strong in etching. If NA’s earnings growth rate is more stable, it could be relatively more worth watching, but don’t chase the price—wait for a pullback and then take a look.

#002371 #688012 #A-share

📌 A-shares and Hong Kong stocks fall together! The Shanghai Composite drops more than 3%, losing 3,800 points; the semiconductor sector weakens across the board

🍖 Chopper says:
This kind of drop makes me think of 2018, when I first entered the market—watching my account go green turned out to be terrifying. The Shanghai Composite couldn’t even hold 3,800, and semiconductors were down across the board as well. Stocks like $SMIC(688981), which had been surging earlier, are getting hit the hardest now.

But I’m not too panicked. Adjustments are one thing—the industrial trend hasn’t changed. The policy push for “independent chips” is still ongoing. While near-term earnings face pressure, the long-term logic remains intact. I just need to remind myself not to rush into bottom-picking—wait for a contraction in volume and stabilization before acting.

Take $NAURA(002371) as a comparison: it has also fallen a lot in the past few days, but compared with SMIC, the certainty of orders on the equipment side is stronger, so its downside resilience may be better. The risk is that overseas sanctions could suddenly escalate—then no one can really withstand it.

#688981 #002371 #A股

📌 A-share market suffers its worst drop of the year; 176 stocks including Ziguang Chuangxin hit the daily limit, experts deliver in-depth analysis on the spot: don’t be bearish on the 3,900-point level—buying brokerages now is like buying banks in 2005; a surge of 6-fold within two years, or could history repeat

🍖 Chopper says:
Today the A-share market fell pretty hard. The SSE Composite Index (000001.SH) is likely around the 3,200 mark. Tech stocks are the worst hit—Ziguang Chuangxin (603986) even went straight to the daily limit.

This round is mainly driven by the selloff in the U.S. stock market’s AI/data-center/compute stocks, plus quantitative funds dumping shares—sentiment is really poor.

The expert says not to worry about the 3,900-point level and compares brokerages to banks back in 2005. That sounds a bit overly optimistic. The brokerage industry’s earnings are still very dependent on market conditions, unlike banks’ high growth back then. In the short term, an oversold rebound may be possible, but to rise 6-fold over two years would require a full-blown bull market. The fundamentals don’t really support that right now.

Risk warning: Don’t rush in just because of the expert’s call to “buy the dip.” Tech stocks are volatile and may need some time to churn. Compare with a peer in the same sector—Beifang Huachuang (002371). It also fell a lot today, but as an equipment leader, its downside resilience is somewhat better, since its earnings outlook has a bit more certainty. If you truly want to bet on a rebound, prioritize names with earnings support—don’t touch pure concept stocks.

#000001 #603986 #002371 #A-share