A-Share · Recap
A-Share Market Recap | 2026-10-08 Thursday
Machine-translated from the Chinese original. In case of any discrepancy, the Chinese version prevails.
Single-name entries
This is a reconciliation report — it carries no single-name score table. Recaps are structured around hit-rate reconciliation, theme verification and next-day outlook.
0. One-Line Recap
First trading day back after the holiday: gap-up profit-taking, broad declines into the close — Shanghai Composite −0.79%, STAR 50 −4.82% led the downside; across both exchanges only 1698 advancers vs 3748 decliners, turnover RMB 1.68 trillion (volume cleared the bar but dip-buying failed); both pre-market top themes (innovative drugs S, memory S−) delivered big losses, with chemical pharma / biological products / semiconductors topping the declines; the real leaders were oil & gas, shipping, coal (old energy + price hikes) — rated only B+ pre-market — and solid-state batteries, which the pre-market list missed entirely; the list's long-side hit rate was low (only 3 of the 14 clearly delivered), the sole bright spot being COSCO Shipping Energy (中远海能, 600026) limit-up, today's best call market-wide; tomorrow's tone: watch divergence-and-absorption on the old-energy main line, don't catch falling knives in growth, and wait for Q3 reports to re-price.
1. Market Overview
Indices and turnover (closing basis, Tencent quotes source):
| Index | Close | Change | Turnover |
|---|---|---|---|
| Shanghai Composite | 3811.90 | −0.79% | RMB 811.18 billion |
| Shenzhen Component | 12620.90 | −2.07% | RMB 870.94 billion |
| ChiNext | 3036.66 | −3.15% | RMB 422.75 billion |
| STAR 50 | 1456.32 | −4.82% | RMB 82.40 billion |
| CSI 300 | 4310.28 | −1.09% | RMB 446.21 billion |
| BSE 50 | 1012.10 | −2.65% | RMB 12.36 billion |
Combined turnover across both exchanges was RMB 1,682.1 billion, above the pre-market volume threshold of 1.4 trillion, but it was "volume with downside" — part of the gap-up profit-taking supply was absorbed, only the direction was down. Market-wide, of 5572 stocks: 1698 up / 3748 down / 126 flat — a broad-decline day.
Sentiment (East Money limit-up pool basis): 43 limit-ups, 13 limit-downs, 32 broken seals, board-break rate 42.7% (elevated); consecutive limit-up ladder: 8-board ×1 / 4-board ×2 / 3-board ×4 / 2-board ×3 / first-board ×33, peak 8 consecutive limit-ups. Of yesterday's 51 limit-ups, 10 continued today (promotion rate 19.6%); of yesterday's 12 streak stocks, 7 continued (streak promotion rate 58.3%).
Sentiment temperature: a profit-taking day under the illusion of euphoria — the 43 limit-ups and the 8-board height were not low, but with 13 limit-downs, a 42.7% board-break rate, and the STAR 50's single-day −4.82%, the structure was "accelerating clustering in high flags + institutional heavyweights in growth getting smashed" — a losing day for most holders.
2. Pre-Market List Audit
Item-by-item audit of this morning's pre-market list ("A-Share Pre-Market Brief | 2026-10-08"): the 24-name master list plus the Pass list. Basis: Tencent closing change; limit-up determination by board (main board ±10%, ChiNext/STAR ±20%, BSE ±30%).
① Long side (priority deep-dive / watch closely, 14 names)
| Name | Pre-market call | Today | Limit-up / Broken | Delivered? | Notes |
|---|---|---|---|---|---|
| 中远海能 (COSCO Shipping Energy, 600026, SH main board) | watch closely | +10.02% | limit-up, sealed | ✅ delivered | Best of the entire list: tanker shipping became today's real main line; yesterday's call "the holiday already showed the heavy-cap core holding up; watch pullback absorption" fully delivered |
| 中国石油 (PetroChina, 601857, SH main board) | watch closely | +3.39% | — | ✅ delivered | Oil & gas extraction sector +3.6% ranked first across both exchanges; a beneficiary of the old-energy style rotation |
| 生益科技 (Shengyi Technology, 600183, SH main board) | priority deep-dive | +1.46% | — | ✅ weak delivery | Green print against a −0.79% Shanghai Composite; the only CCL leader that held on the "repair verification day" — the repair isn't confirmed, but the relative strength is real |
| 华海药业 (Huahai Pharmaceutical, 600521, SH main board) | watch closely | +1.90% | — | ◐ weak delivery | A 170–190% profit alert worth only +1.9%, short of the "gap up 3–5% + seal orders" expectation; the earnings line wasn't endorsed, and the market voted with its feet on non-recurring-gain concerns |
| 沪电股份 (WUS Printed Circuit, 002463, SZ main board) | watch closely | −0.04% | — | ◐ weak delivery | Roughly flat — relatively resilient given the Shenzhen Component's −2.07%, but the "high-volume gap-up repair" never appeared |
| 恒瑞医药 (Hengrui Medicine, 600276, SH main board) | priority deep-dive (#1) | −0.40% | — | ❌ not delivered | The heavy-cap resilience thesis delivered (sector −4%, it fell just 0.4%), but wrong direction is wrong: the call was a "spike," not "resilience" |
| 药明康德 (WuXi AppTec, 603259, SH main board) | priority deep-dive (#2) | −3.19% | — | ❌ not delivered | High-volume decline on RMB 7.43 billion turnover; the heavy-cap structure couldn't hold it up |
| 兆易创新 (GigaDevice, 603986, SH main board) | priority deep-dive (#3) | −5.51% | — | ❌ not delivered | The "small gap-down + auction volume = absorption point" script never played out; the Micron +4% mapping was overwhelmed by the Hong Kong warning |
| 江波龙 (Longsys, 301308, ChiNext) | watch closely (small position) | −4.41% | — | ❌ not delivered | The high-beta attribute delivered — in the wrong direction |
| 胜宏科技 (Victory Giant Technology, 300476, ChiNext) | watch closely | −1.94% | — | ❌ not delivered | The PCB repair thesis fails |
| 中际旭创 (Zhongji Innolight, 300308, ChiNext) | watch closely (stabilization signal) | −3.15% | — | ❌ not delivered | No stabilization signal; a disaster zone on RMB 21.29 billion turnover, among the highest in both exchanges |
| 澜起科技 (Montage Technology, 688008, STAR) | watch closely | −2.62% | — | ❌ not delivered | The "low open, volume pullback = absorption" never happened; the "divergence absorption" call lost to the sector's −4.98% systemic decline |
| 科伦药业 (Kelun Pharmaceutical, 002422, SZ main board) | watch closely | −5.14% | — | ❌ not delivered | The entire innovative-drug complex ebbed; ESMO expectations couldn't hold intraday |
| 紫金矿业 (Zijin Mining, 601899, SH main board) | watch closely (defensive) | −1.41% | — | ❌ not delivered | The defensive angle didn't deliver either; the gold-price pullback mapping overrode the copper logic |
Long-side hit rate: clear delivery 3/14 ≈ 21%; loose basis (incl. 2 weak deliveries) 5/14 ≈ 36%.
② Avoid / watch-only direction (watch only, 8 names) — all avoided correctly or neutral
| Name | Pre-market call | Today | Notes |
|---|---|---|---|
| 亚虹医药-U (AsyBio, 688176, STAR) | watch only | −11.37% | The BD out-licensing pop died on the light; an unprofitable 20CM name falls just as violently |
| 力勤资源 (Liqin Resources, 001246, SZ main board) | watch only | −17.73% | The recent-listing overextension call fully delivered; a violent washout on 43% turnover |
| 芯联集成-U (SMEC, 688469, STAR) | watch only | −5.64% | The turnaround to profit includes non-recurring items; the market isn't buying it |
| 香农芯创 (Shannon Semiconductor, 300475, ChiNext) | watch only | −5.39% | A second-tier memory distributor, weaker than the sector core as expected |
| 万科 A (Vanke A, 000002, SZ main board) | watch only | −4.69% | Policy beta with no dip absorption |
| 康希诺 (CanSino Biologics, 688185, STAR) | watch only (weathervane) | −3.00% | The "gap-up profit-taking" call delivered; 17.4% turnover |
| 深物业 A (Shenzhen Properties A, 000011, SZ main board) | watch only (sentiment benchmark) | −0.98%, streak broken | Broke at 3 boards on huge 22% turnover; no collapse, but the relay-value thesis is falsified |
| 工商银行 (ICBC, 601398, SH main board) | watch only (event watch) | +0.36% | Neutral: banks led all sectors in main-force net inflow today, but that's risk-hedging, not event-driven, so it doesn't count as a wrong call |
Avoid effectiveness 7/8 (ICBC neutral). Avoid-type calls (sentiment anchors, recent listings, Nobel Prize concept, second-tier names) remain the list's strength.
③ Pass-list check (15 items, incl. grouped)
11 correct: 华大智造 (MGI Tech, 688114, −7.43%) / 诺禾致源 (Novogene, 688315, −4.25%) / 贝瑞基因 (Berry Genomics, 000710, −5.52%) — the Nobel Prize bets all fell; 国盾量子 (QuantumCTek, 688027, −4.12%); 津药药业 (Jinyao Pharmaceutical, 600488, −2.54%); 复星医药 (Fosun Pharma, 600196, −1.08%); 智飞生物 (Zhifei Biological, 300122, −2.79%); 康泰生物 (Kangtai Biological, 300601, −2.58%); 万达电影 (Wanda Film, 002739, now renamed Ruyi Film, −2.80%); 南华生物 (Nanhua Biotech, 000504, −7.81%); 力勤资源 (Liqin Resources, −17.73%); 万科 A (Vanke A, −4.69%).
4 wrong: 新华传媒 (Xinhua Media, 600825) +10.05%, one-way limit-up, 8 consecutive boards (pre-market judged "an 8-day holiday must break the streak, nuclear-button risk" — completely wrong; today's market-wide highest flag); 传艺科技 (Chuanyi Technology, 002866) +10.00%, 3 consecutive boards, and 时代万恒 (Times Wanheng, 600241) +9.98%, 4 consecutive boards (pre-market judged "the high flags must break"; both extended boards, solid-state battery sentiment beat expectations); 海特生物 (Haite Biological, 300683) +6.70% (indirect optogenetics stake, no fundamentals, still speculated by short-term money). 2 half-wrong: 键凯科技 (JenKem Technology, 688356) +2.26%, 中国电影 (China Film, 600977) +3.96%. Pass hit rate ~11/15 ≈ 73%; every miss sits in the "high sentiment flags must break over a holiday" category.
One-line post-mortem: the structural lesson of today's list — hard logic ≠ intraday gains. The innovative-drug/memory catalysts were all real (Huahai's profit alert, Micron's +4% — all real), but Hong Kong had already demonstrated the profit-taking path over the holiday, and names not extended pre-holiday still got the "good news exhausted" treatment after; what deserved more weight was the "holiday price hikes + geopolitics + old energy" line that the US-yield narrative drowned out at the time (the tanker-shipping B+ rating was clearly too low), and the rule "sentiment high flags must break over a holiday" was falsified today — the high flags actually accelerated on the first day back (Xinhua Media one-way 8 boards); seal-order strength is more trustworthy than calendar regularity. Next pre-market: ① for branches with "fully fermented over the holiday + Hong Kong already demonstrated the profit-taking," downgrade the recommendation language from "priority deep-dive" to "watch absorption only, don't predict direction"; ② upgrade price-hike resource branches in a hawkish-minutes environment (the flip side of a high-rate drag is high dividends + real-asset beneficiaries); ③ judge high-flag breaks by auction seal orders, not by the number of closed days.
3. Today's Main-Line Verification
| Branch | Pre-market strength | Today's actual performance | Limit-up ladder | Stage | Conclusion (tomorrow) |
|---|---|---|---|---|---|
| Oil & gas / shipping / coal (old energy) | B+ (#4) | THS industry gain #1 (oil & gas extraction +3.6%), port shipping +2.04%, gas +2.44%, coal +2.14%; main-force net inflow: banks +RMB 3.94 billion, power +3.46 billion, coal +0.95 billion, oil processing +0.73 billion, oil & gas extraction +0.57 billion | 中远海能 (COSCO Shipping Energy, 600026) limit-up, 招商轮船 (China Merchants Energy Shipping, 601872) +9.33%; 2 names in the "shipping & ports" limit-up pool | Fermenting — top in both net inflow and gains, significantly underestimated pre-market | Watch continuation tomorrow: premium on COSCO Shipping Energy and whether China Merchants Energy Shipping can relay; divergence is built in — don't chase |
| Solid-state batteries / batteries | Not covered (surprise main line) | THS "batteries" +3.44% ranked second; 8 names in the battery limit-up pool, #1 across all industries | 时代万恒 (Times Wanheng, 600241) 4 boards, 紫竹高科 (Zizhu Hi-Tech, 002058) 3 boards, 龙蟠科技 (Lopal Tech, 603906) 2 boards (broke 8 times, resealed), 圣阳股份 (Sacred Sun, 002580) / 贝特利 (BeiteLi, 301697) first boards; dragon-tiger net buys: Sacred Sun +RMB 0.189 billion, BeiteLi +0.147 billion | Ignition → fermenting, but high break rate (Lopal 8 times) and extreme turnover | Likely divergence tomorrow; theme attribute stronger than industry attribute — treat as a sentiment theme |
| Innovative drugs / BD + CXO | S (#1) | Biological products −3.96%, chemical pharma −3.10%, medical services −3.10% (among THS's biggest declines); innovative-drug concept −4.12% (Sina) | Only 2 names in the "chemical pharma" limit-up pool; Huahai +1.90%, Hengrui −0.40% relatively resilient, Kelun −5.14%, AsyBio −11.37%, 康龙化成 (Pharmaron, 300759) −2.71% | Divergence → ebb (single day) | Watch for a repair tomorrow, but main-line status downgraded to "event-driven" (Q3 reports + ESMO); don't catch falling knives |
| Memory | S− (#2) | Semiconductors −4.98%, worst across both exchanges; main-force net outflow RMB 13.16 billion, the largest | No limit-ups; GigaDevice −5.51%, Shannon −5.39%, Longsys −4.41%, Montage −2.62% | Ebb / profit-taking | Medium-term logic (2027–2028 supply-demand) intact; no bottom-fishing short-term — wait for stabilization on shrinking volume |
| AI compute / PCB-CCL | A− (verification day) | Telecom equipment main-force net outflow −RMB 5.60 billion, optics/optoelectronics −5.08 billion; 天孚通信 (TFC Communication, 300394) −9.86%, 景旺电子 (Kinwong Electronic, 603228) −3.28%, Zhongji Innolight −3.15% | None; Shengyi +1.46%, WUS −0.04% relatively resilient | Repair falsified — only CCL / high-layer-count leaders show relative strength | Neutral-to-bearish tomorrow; the "verification day" verdict = reflexive bounce, not repair |
| Q3-report earnings line | B+ (#5) | Huahai +1.90% weak delivery, 有研新材 (GRINM Advanced Materials, 600206, tomorrow's first Shanghai profit alert) −4.25%, 沃华医药 (Wohua Pharmaceutical, 002107, +0.99%) | None | Mostly falsified — profit alerts are no longer a universal catalyst | Downgraded to single-stock alpha logic; only an "earnings + theme" double boost counts |
| Gold | B (#8) | Shandong Gold −3.19%, Zijin −1.41% | None | Ebb continues | Avoidance correct; stay on defensive watch |
Did the pre-market call get the strongest main line right: No. Both dual main lines rated S/S− delivered big losses; the real main lines were old energy (rated B+) and solid-state batteries (not even on the list). Post-close attribution: under the valuation pressure of hawkish minutes + 10Y UST at a high 5.28%, funds made a textbook rotation from "high-valuation long-duration growth" to "price-hiking real assets + high dividends," while the pre-market list spent its energy on the "holiday catalyst pile-up" and under-priced the style-rotation risk — today's biggest misjudgment.
4. Limit-Up Ladder / High Flags
- High flag: 新华传媒 (Xinhua Media, 600825, SH main board), 8 consecutive limit-ups — one-way limit-up today (sealed at the 9:25 opening auction, seal never opened, 8/8), the market's highest flag; the pre-market "holiday streak must break" call was wrong — on day one back it accelerated instead of nuking.
- 4 boards: 时代万恒 (Times Wanheng, 600241, batteries), 九阳股份 (Joyoung, 002242, small home appliances).
- 3 boards: 园林股份 (Yuanlin Co., 605303), 上海洗霸 (Shanghai Xiba, 603200, broke 7 times before resealing — huge divergence), 传艺科技 (Chuanyi Technology, 002866, consumer electronics / solid-state battery concept), 紫竹高科 (Zizhu Hi-Tech, 002058, batteries).
- 2 boards: 兴业股份 (Xingye Co., 603928), 龙蟠科技 (Lopal Tech, 603906, batteries, broke 8 times), 陆家嘴 (Lujiazui, 600663, real estate).
- Heavy-cap cores (big turnover + recognition): 中远海能 (COSCO Shipping Energy, 600026, limit-up, the absolute tanker-shipping core), 中国石油 (PetroChina, 601857, +3.39%), 工商银行 (ICBC, 601398, +0.36%, top sector by main-force net inflow); growth-side cores were collectively smashed: Zhongji Innolight turnover RMB 21.29 billion, −3.15%; 兆易创新 (GigaDevice, 603986) turnover RMB 10.07 billion, −5.51%; 天孚通信 (TFC Communication, 300394) turnover RMB 9.88 billion, −9.86%.
- Streaks broken: 深物业 A (Shenzhen Properties A, 000011) broke at 3 boards (huge 22% turnover); 南华生物 (Nanhua Biotech, 000504) −7.81% slammed from the highs; of yesterday's 51 limit-ups, 41 failed to continue — a promotion rate under 20% — high-flag clustering coexisting with broad declines, a textbook structural ebb day.
5. Capital Flows
- Northbound capital: exchanges have discontinued daily net-buy disclosure for Stock Connect northbound per-stock data (the API returns empty — not fabricating); southbound Shanghai-HK Connect one-way net buy ~RMB 3.69 billion — mainland money is still net buying Hong Kong.
- Main-force sector net inflow (THS basis): banks +RMB 3.942 billion, power +3.462 billion, coal mining & processing +0.952 billion, oil processing & trading +0.733 billion, batteries +0.665 billion, oil & gas extraction & services +0.569 billion — all old energy + high dividends + financials, fully corroborating the gainers list.
- Main-force sector net outflow: semiconductors −RMB 13.158 billion (a gaping #1), telecom equipment −5.60 billion, optics/optoelectronics −5.082 billion, chemical pharma −4.306 billion, consumer electronics −3.788 billion — the "growth five" combined net outflow ~−RMB 31.9 billion, today's main selling force.
- Dragon-tiger list (34 names): top net buys — 东山精密 (Dongshan Precision, 002384, +RMB 0.37 billion, PCB), 世联行 (World Union, 002285, +0.246 billion), 圣阳股份 (Sacred Sun, 002580, +0.189 billion, batteries), 顺灏股份 (Shunhao, 002565, +0.188 billion), 贝特利 (BeiteLi, 301697, +0.147 billion, batteries); top net sells — 中石科技 (Jones Tech, 300684, −0.122 billion), 襄阳轴承 (Xiangyang Bearing, 000678, −85 million), 美格智能 (MeiG Smart, 002881, −76 million), 丽珠集团 (Livzon Pharmaceutical, 000513, −62 million, pharma). Active seats: Shenzhen Stock Connect dedicated seat led net buys at +RMB 0.932 billion (buying Livzon, 国轩高科 (Gotion High-Tech), World Union, Dongshan Precision, etc.), Kaiyuan Securities Xi'an Xidajie (net buys of Berry Genomics, Gotion High-Tech, etc., +107 million), Huafu Nanjing Shengta Road (+85 million, focused on World Union). Seat preferences: hot money concentrated fire on solid-state batteries and low-position themes; institutional/northbound seats traded long and short against each other in pharma names.
6. Tomorrow's Outlook
① Main-line continuation: old energy (oil & gas, shipping, coal) passed both the "gains + flows" test today and is the only direction with main-line credentials tomorrow, but it is essentially a safe-haven / price-hike style under high US yields + hawkish minutes — it trends, doesn't accelerate; divergence is highly likely tomorrow (watch the premium on today's limit-up COSCO Shipping Energy and whether China Merchants Energy Shipping relays), and chasing has poor odds. Solid-state batteries are a sentiment theme (high break rate, hot-money dragon-tiger profile), likely to diverge tomorrow — just watch which of Times Wanheng (600241) at 4 boards and Zizhu Hi-Tech (002058) at 3 boards holds up. Innovative drugs/memory were a one-day ebb today, not a logic falsification (Q3 reports, ESMO, 2027 memory supply-demand all still live); a technical repair is possible tomorrow, but a repair is a reduce-into view, not a chase-and-add view — main-line status must be re-confirmed by new catalysts.
② Key focuses:
- Tanker chain: auction absorption and premium after 中远海能 (COSCO Shipping Energy, 600026, SH main board) limit-up; whether 招商轮船 (China Merchants Energy Shipping, 601872, SH main board) +9.33% can make it two boards in a row; whether 中国石油 (PetroChina, 601857, SH main board) trend continues. Verification points: weekly VLCC TCE data resumes updating today (latest prior reading USD 631,000/day), and whether Brent can hold 100 dollars.
- Earnings-line re-pricing: from tomorrow (10/9) Q3 profit alerts stay dense; if 华海药业 (Huahai Pharmaceutical, 600521, SH main board)'s weak +1.9% reaction today gets repaired under new-alert catalysts, that's the observation window for "earnings alpha"; otherwise the whole earnings line is confirmed downgraded.
- PCB relative strength: 生益科技 (Shengyi Technology, 600183, SH main board) / 沪电股份 (WUS Printed Circuit, 002463, SZ main board) held up today; if growth-side sentiment repairs tomorrow, they're the first direction to get bought back; verification points are auction volume and the breadth of green names in the sector.
③ What to avoid tomorrow:
- No falling-knife catching in the STAR 50 disaster zone: 天孚通信 (TFC Communication, 300394) −9.86%, 亚虹医药-U (AsyBio, 688176) −11.37%, 华大智造 (MGI Tech, 688114) −7.43% — the supply from a single-day RMB 13.16 billion semiconductor net outflow needs time to digest.
- Relaying high sentiment stocks: 新华传媒 (Xinhua Media, 600825) can break at any time after 8 boards; relaying the same tier on break day (Times Wanheng and Joyoung at 4 boards) carries extreme risk; 龙蟠科技 (Lopal Tech, 603906) resealed after 8 breaks, a low-quality reseal.
- Registration-system recent listings: 力勤资源 (Liqin Resources, 001246) −17.73% in a single day demonstrated the sentiment-washout path for recent listings — avoid recent listings wholesale.
- Profit-taking announcement names: the BD / profit-alert "die on the light" pattern (AsyBio −11.37%, Huahai just +1.9%) — post-holiday "announcement profit-taking" pricing persists; don't chase on good-news announcement day.
④ Inputs for tomorrow's pre-market list:
- Style weight flip: old energy / high dividends (tankers, oil & gas, coal, power, banks) should be promoted from "defensive watch" to "main-line candidate," with US yields and oil prices as the pricing anchor; growth branches (innovative drugs, memory, PCB) uniformly downgraded one notch — talk of a comeback only after stabilization signals.
- Add solid-state batteries to the watch pool: as the strongest sentiment theme on day one back (8 limit-ups, #1), watch the survivors after tomorrow's divergence — reference names 时代万恒 (Times Wanheng, 600241), 紫竹高科 (Zizhu Hi-Tech, 002058), 圣阳股份 (Sacred Sun, 002580).
- Retire the "high flags must break over a holiday" rule: switch to auction seal orders + number of board opens to gauge strength; 新华传媒 (Xinhua Media, 600825) 8/8 one-way run is the counter-example textbook.
- Innovative drugs' catalyst calendar unchanged but role downgraded: Q3 reports (10/8–21,134 names) + ESMO 10/23 are real catalysts; reposition from "today's main line" to "an event list for buying pullbacks," and the recommendation language must carry a "wait for stabilization" prefix.
- Keep watching the macro switch: 10Y UST at a high 5.28% + hawkish minutes — if it breaks above 5.40%, downgrade growth branches again; tomorrow pre-market, watch overnight US stocks (especially Applied Materials earnings, the semiconductor-equipment weathervane) and oil prices.
⚠️ Risk disclosure: this recap is merely post-close information organization and observation, and does not constitute investment advice. Data may differ in timeliness or basis — please defer to exchange/company disclosures; it must not be used directly as a trading basis.
⚠️ Data-sourcing notes: ① East Money's push2.eastmoney.com was down all day (502/disconnects); indices / per-stock snapshots / sectors / capital flows all switched to Tencent, THS (Tonghuashun), and Sina backup bases, while the limit-up pool / prior-day streaks / board breaks / dragon-tiger list use East Money's push2ex basis (verified working); East Money's concept-board and industry-capital-flow APIs failed, so concept gains use the Sina basis (whose taxonomy has no memory / PCB / tanker-shipping entries — those branches are expressed in THS industry terms). ② Today's opening-auction data was not obtained (backup sources retain no auction data); the "gap-up profit-taking" judgment is inferred from the broad close plus the break rate, not directly verified against auction data. ③ The northbound daily net-buy API returned empty (exchanges have discontinued this disclosure basis); this recap cites only southbound Shanghai-HK Connect net buying of RMB 3.687 billion. ④ Limit-up determinations were made by board (main board 10% / ChiNext & STAR 20% / BSE 30%); names near +12% on ChiNext/STAR were not misrecorded as limit-ups.