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on september 6, after several rounds of tug-of-war, shenzhen huaqiang hit the daily limit at the end of the trading day, closing at 41.55 yuan, with a total market value of 43.5 billion yuan. shenzhen huaqiang recorded 16 daily limits in 17 trading days, with a cumulative increase of 377%, becoming another monster stock this year.

data shows that individual investors have become the main trading force of shenzhen huaqiang, while institutional funds are fleeing.

at the close of september 6, the a-share market fluctuated and weakened, with the shanghai composite index falling by 0.81%. however, some stocks showed independent trends. excluding new stocks listed on the day, 44 a-shares that could be traded on the day reached their daily limit at the close.

specifically, shenzhen huaqiang hit the daily limit 16 times in 17 days, kosen technology hit the daily limit 10 times in a row, weishi electronics hit the daily limit 6 times in a row, and laobaixing, dazhong transportation, etc. all hit the daily limit.

shenzhen huaqiang is the most dazzling "star" in the current a-share market, with a cumulative increase of 377% in the past 17 trading days and a cumulative increase of 276.56% this year, second only to the 285.92% increase of dazhong transportation this year.

active market funds took turns participating in shenzhen huaqiang transactions. the stock's trading volume on that day reached 4.55 billion yuan, ranking first in the entire market.

what is so special about shenzhen huaqiang? shenzhen huaqiang introduced that the company's main business is modern high-end service industry for the electronic information industry chain, providing online and offline transaction services, product services, technical services, information services, data services and innovation and entrepreneurship supporting services for all links in the industry chain, creating the largest comprehensive electronic components trading service platform in china.

in recent years, the electronics industry has been in a bad state of prosperity, and shenzhen huaqiang's performance has also been under pressure. in the first half of 2024, shenzhen huaqiang achieved operating income of 10.381 billion yuan, a year-on-year increase of 19.75%; and realized a net profit attributable to shareholders of listed companies of 177 million yuan, a year-on-year decrease of 33.81%. since the beginning of this year, the prosperity of the electronic components industry has slowly recovered from the bottom area, and the inventory liquidation that has lasted for more than a year has come to an end. the supply and demand structure has slowly tended to balance after experiencing serious imbalances in the past few years. the prices of various electronic components have generally stabilized, but due to the lack of obvious improvement on the demand side (demand in some application areas has warmed up), the industry's prosperity is in a stage of slowly recovering from the bottom area. in the second quarter, the company achieved a net profit attributable to shareholders of listed companies of 119 million yuan, a year-on-year decrease of 15.76%. however, compared with the first quarter of 2024, the decline in profits has been significantly narrowed.

the change in fundamentals alone is obviously not enough to support such a large increase in shenzhen huaqiang. the reason why shenzhen huaqiang has attracted much attention from investors may be mainly due to the news. according to the news, shenzhen huaqiang said on the investor interaction platform on the evening of august 16: "the company's main business is the authorized distribution of electronic components, and it has established long-term friendly cooperative relations with many well-known international and domestic original manufacturers. the company is one of the main authorized agents of hisilicon. as hisilicon launches new products one after another, the company will increase the research and development of hisilicon product application solutions and promotion efforts to promote the market expansion of hisilicon products."

since then, shenzhen huaqiang has frequently responded to investors' questions on the investor interaction platform and revealed some information that investors are concerned about, such as participating in the hisilicon all-connect conference. however, shenzhen huaqiang did not give a direct response to some rumors about hisilicon's external sales.

some analysts pointed out that the first hisilicon all-connect conference is about to be held and the rumors of hisilicon opening up external sales are constantly fermenting. shenzhen huaqiang, as a concept stock directly related to it, has been hyped by funds. in addition, the recent performance of the a-share market has been volatile, and hot money and other active market funds have frequently participated in the speculation of some individual stocks, and there is also the intention of banding together for warmth.

which funds are pursuing shenzhen huaqiang?

on september 6, the dragon and tiger list data showed that two institutional seats sold a net of 110 million yuan in shenzhen huaqiang, china galaxy securities co., ltd. dalian huanghe road securities sales department sold a net of 110 million yuan, and southwest securities co., ltd. shenzhen branch sold a net of 55 million yuan. the seats with the highest net purchase amount were guosen securities co., ltd. zhejiang internet branch, citic construction investment securities co., ltd. beijing hongyi branch, and oriental fortune securities co., ltd. lhasa financial city south ring road securities sales department, which were mainly occupied by individual investors.

wind data shows that in the past month, shenzhen huaqiang has appeared on the dragon and tiger list more than 20 times.

on the evening of september 4, shenzhen huaqiang also issued an announcement on abnormal and severe abnormal fluctuations in stock trading and risk warnings, stating that the company's stock price had a cumulative deviation of more than 100% in the closing price increase range for eight consecutive trading days, that is, from august 26 to 30, 2024, and from september 2 to 4, 2024, and there were four abnormal fluctuations in stock trading in the same direction, which was a case of severe abnormal fluctuations in stock trading. it is reported that this is the second time that the company has reached the standard of severe abnormal fluctuations since august 14, 2024.

the information on shenzhen huaqiang's two abnormal fluctuations and serious abnormal fluctuations in transactions showed that institutional seats were in a net reduction in holdings, with net sales of 77.29 million yuan and 114 million yuan respectively. after small and medium-sized investors made large net sales in the first stage of the rise, they entered the market again to buy in the second stage of the stock price increase.

it is not ruled out that some public funds chose to leave shenzhen huaqiang when its share price was high. wind data shows that as of the end of the second quarter, the main institutional shareholders of shenzhen huaqiang were central huijin asset management co., ltd. and public funds. among them, central huijin asset management co., ltd. held more than 13 million shares. 37 public funds held a total of 6.484 million shares of shenzhen huaqiang, accounting for about 0.61% of the circulating shares. calculated based on the closing price at the end of the second quarter, the total market value held was about 57.7076 million yuan.

judging from the shareholding of public funds, shenzhen huaqiang was significantly increased in the second half of 2023, and the fund's holding ratio increased from 0.52% to 1.01%, almost doubling. however, it was significantly reduced in the first half of this year, and the shareholding ratio fell back to 0.62%.

in addition, shenzhen huaqiang is a constituent stock of the csi 1000 index, so the public funds holding the company are mostly index funds and quantitative funds, while active funds are very few.

the public fund holding the most shenzhen huaqiang is a csi 1000 etf, which holds 1.4494 million shares of the company, accounting for only 0.14% of the outstanding shares. even if shenzhen huaqiang's share price rises sharply, its contribution to the net value performance of public funds is relatively limited.