On Tuesday (December 19), the bottom bottomed out and rebounded, the GEM index led the rise, and the Shanghai Composite Index hit a new low in the year, with a turnover of 642.7 billion yuan in the two cities, a decrease of 49.9 billion yuan from the previous trading day. As of **, the Shanghai Composite Index rose 005%, the Shenzhen Component Index rose 011%, the GEM index rose 042%。In terms of sectors, MR, tourism, consumer electronics and other sectors were among the top gainers, while logistics, ** traditional Chinese medicine and other sectors were among the top decliners. 
China Securities Construction Investment: It is recommended that investors lay out the dip on Tuesday** twists and turns, from the Shanghai Composite Index time-sharing chart, after 10:30 and 14:30, there were two waves of mysterious funds entering the market, and finally ** was able to tenaciously turn red. 
Judging from the first half hour, the main direction of the mysterious fund is the core assets led by the CSI 300, and the CSI 300 ETF products have increased significantly in the last half hour. 
China Securities Construction Investment believes that looking forward to the market outlook, from the perspective of time, the end of the year and the beginning of the year are often favorable to the start of the A-share ** time window, once the favorable catalyst, A-shares are expected to start a new round of rise at any time**, it is recommended that investors hold the chips and actively consider the bargain layout. At the same time, from the perspective of location, a number of indicators in the current market are in line with the characteristics of the bottom area.
BAA Development: Shocked by a huge amount of "pry board funds" On Tuesday, there were signs of ebbing tide on the high-level theme, Nanning Department Store fell to the limit, Shenglong shares fell to the limit, and Jierong Technology and leading shares fell by more than 7%. And after experiencing two one-word board falling limits, the big demon stock Asian Union Development on Tuesday**27%, but this is still not enough to untie the previous huge amount of pry board funds.
Last Friday (December 15) BAA development suddenly fell to the limit, from the day's after-hours dragon and tiger list data, the most is Huatai Shanghai Wuding Road Business Department, the amount of 11.29 million yuan, close to 10% of the total turnover of the day, far more than the buy two seats. If you take December 15 5Calculated at the price of 69 yuan, the funds of Huatai's ** Shanghai Wuding Road Business Department are equivalent to eating 1.98 million shares in one go.
And 1.98 million shares for the development of BAA, this is already an out-and-out "huge amount of money", from the third quarter of this year, the number of shares held by the ninth natural ** shareholders is only 1.94 million shares, in other words, such a huge amount of pry board funds have been qualified to enter the top ten shareholders of tradable shares. 
However, the market did not buy it, this Monday (December 18) BAA development continued to fall to the limit, Huatai Shanghai Wuding Road did not appear, and Tuesday **27% is not enough to recover the cost, so either cut the meat and flee, or be buried.
It has been stained with Huawei's concept to take off According to public information, BAA Development is mainly engaged in smart private networks and agriculture and animal husbandry. In terms of smart private network, it mainly includes smart grid and smart transportation servicesIn the field of agriculture and animal husbandry, it is mainly engaged in the business of agricultural products and warehousing services. In terms of performance, the year-on-year revenue declines from 2020 to 2022 were respectively. 25%；The cumulative net loss in three years exceeded 800 million yuan. In the first three quarters of 2023, BAA's development revenue was about 43.1 billion yuan, a year-on-year decrease of 5761%；The net profit loss attributable to shareholders of listed companies was about 6.28 million yuan, an increase of 75 percent year-on-year88%。Although the performance is not good, due to the concept of Huawei, the stock price has taken off from the bottom, and the cumulative maximum increase since the beginning of July 2022 is nearly 2 times, during which there are many consecutive daily limits.
On June 7, 2022, BAA Development said on the interactive platform that the company and Huawei will continue to cooperate in communication products such as data communication and data transmission, and jointly serve customers in the energy, transportation and other industries. In terms of smart grid, the company's smart substation solution based on the "substation intelligent gateway system" developed based on Huawei's TAI Shan200 series and the "unattended substation intelligent operation and inspection system" developed based on Huawei's ATLAS artificial intelligence computer platform, supplemented by artificial intelligence algorithms, has been successfully put into use in China Southern Power Grid.
The case was filed by the Securities Regulatory Commission
On the news side, on the evening of December 14, BAA Development disclosed that the China Securities Regulatory Commission decided to file a case against the company due to suspected violations of information disclosure laws and regulations. BAA Development said that during the investigation, the company will actively cooperate with the investigation of the China Securities Regulatory Commission, and strictly comply with the provisions of relevant laws and regulations and regulatory requirements to fulfill the information disclosure obligations in a timely manner.
Although the announcement did not mention the specific reason. However, according to China's ** newspaper, in February this year, the company received a regulatory letter from the Shenzhen Stock Exchange due to a sharp adjustment in financial data such as net profit due to the correction of accounting errors in the previous period. On August 31, 2022, the "Announcement on the Correction of Accounting Errors in the Company's Previous Period" disclosed by the company made retrospective adjustments to the accounting errors in the 2021 financial statements, resulting in a decrease of 1499 net profit attributable to the company in 2021010,000 yuan, current assets increased by 2295710,000 yuan, and current liabilities increased by 5626840,000 yuan.
Mixed reality rose by more than 2% on Tuesday, consumer electronics ** moved, MR (mixed reality) led the rise, Emdoor Information rose by the limit, Zhi Cube, Skyworth Digital, Medikai and so on. 
On the news side, it is reported that Apple's focus in 2024 will be on wearables, rather than traditional mobile phone products. Apple plans to launch the MR headset Vision Pro in 2024 and give the Apple Watch a complete upgrade to add new health features, such as blood pressure measurement and sleep apnea detection. At the same time, the company also plans to update the AirPods lineup. Cinda said that the large model has many application scenarios on the application side, which greatly improves production efficiency and strongly empowers MR and other industries. AI is expected to change the way various consumer electronics terminals are used, triggering a new round of replacement trends, it is recommended to pay attention to MR, AIPC, AI mobile phones, AI speakers and other opportunities. It is for investors' information only and does not constitute investment advice
Article**: Oriental Wealth Research Center).