If the 2023 annual frustrated group is selected, "Chinese stockholders" must be on the list. While the United States (Dow Jones), Japan, France, Germany, India and other countries** have all hit record highs, A-shares are still fighting a 3,000-point defense war. 82% of the world's major stock indexes recorded ** in 2023**, and only 18%** compared to the A-share Shanghai Composite Index for the whole year**37%, and the GEM index is more than 19% for the whole year. 
It can be said that 2023 is a very painful year for A-share investors, and even the experienced star ** managers have overturned, not to mention the ordinary**. In the midst of extreme differentiation, the Beijing Stock Exchange 50 Index rose at the end of the year, rising by 1492%。In the past few years, the communications, media, and TMT sectors that have been dormant have sprung up, and AIGC and Huawei concepts have appeared in turn. The top 10 gainers in the inventory year (** listed before 2023) basically belong to the above industries or concepts. However, after careful analysis, many of the ten ** stocks are not high-performance stocks, and the "moisture" of the concept hype is huge. 
Top 10 in 2023** (excluding secondary IPOs listed in 2023).
*: Oriental Wealth Choice enters 2024, when the tide recedes, these high-level stocks hide huge risks, and high-level pick-ups need to be very vigilant. top 10
Hongbo shares, "pong" Nvidia
The stock price has been nearly 5 times in 5 months, and the increase in the year has also been 31805%, "hand-in-hand" Nvidia's Hongbo shares will be completely popular in 2023. The reason is that Hongbo Co., Ltd. announced that it would cooperate with the industry's top Nvidia to establish the Beijing AI Innovation Empowerment Center, which is mainly engaged in leasing computing power servers equipped with NVIDIA chips. Since then, Hongbo Co., Ltd. and Wang Xiaochuan's Baichuan Intelligence have reached a large order of nearly 1.4 billion yuan in computing power, and Beijing Jingneng is preparing to build an intelligent computing center, with a total transaction amount of nearly 1 billion yuan. You must know that Nvidia has almost monopolized the world's high-end AI chips, and due to the hot downstream demand, Nvidia servers are in short supply, soaring. Being able to do business with Nvidia and operating AI server leasing has completely changed Hongbo shares from a sparrow to a phoenix. 
But this Nvidia's "little partner" is not reassuring to the market,You know,Hongbo shares are currently the main business is bill printing and lottery printing. Regardless of the industry, business model, or team, it has nothing to do with AI. Although, from May to the end of September 2023, InBev Digital has achieved a computing power rental income of 1127130,000 yuan. However, Nvidia has not changed the company's sluggish performance, Hongbo shares' non-net profit has been negative for 5 consecutive years, and it will still lose 4430 in the first three quarters of 2023460,000. Moreover, the company has received regulatory letters many times due to errors in accounting treatment and other reasons. When the fanaticism of chasing AI gradually calmed down, the share price of Hongbo shares has risen by nearly 40% from the highest point, and the various doubts that linger on it and the company's own internal control problems have not been eliminated. top 09
Zhongji Innolight, the king of optical modules
Zhongji InnoLight is the only pure "high-tech performance stock" among the top ten in 2023. The company made a profit of 129.6 billion yuan, a year-on-year increase of 5201%, creating the best three quarterly reports in history. In addition, the gross profit margin and net profit margin in the third quarter showed a continuous improvement trend from the previous quarter. Such good results are due to its industry position in the field of optical modules and the huge increase brought by the outbreak of AI. In 2022, the shipments of Zhongji InnoLight and Coherent tied for the first place in the world. Moreover, Zhongji InnoLight's overseas revenue accounts for nearly 87%, and it is an important business provider for cloud computing and data center giants such as Google, Amazon, Microsoft, Facebook, and Cisco. As AI hardware infrastructure has become a major trend, downstream customers have made a large layout, and as the world's leading optical module manufacturer, Zhongji InnoLight's 800G and 400G high-speed optical modules have rapidly increased in volume. Not only has the company not been affected by the chip ban, but major AI customers have also asked for accelerated delivery of 800G. Compared with other companies on the list, Zhongji InnoLight has truly realized Davis double click in the AI wave. top 08
New Novo, a transformative and innovative pharmaceutical platform
From a caffeine production enterprise to a biomedical innovation platform, the stock price of Xinnuowei was completely detonated, with an annual increase of more than 32 times. The growth history of Xinnovo is a textbook of capital reorganization, and the reason why it can achieve sustainable breakthrough development is thanks to its "good father". At the beginning of the listing, the company was mainly engaged in caffeine production, and since then, through the continuous acquisition of the assets of the actual controller of CSPC Pharmaceutical Group, it has expanded to the field of health food such as acarbose, anhydrous glucose, vitamin lozenges, etc., and the company has become an important business of Pepsi, Coca-Cola, and Red Bull. August 2023,The company announced that it would increase its capital and obtain control of Jushi Biotech, a subsidiary of its major shareholder CSPC Enbipu, to enter the field of innovative medicine and open the curtain of transformation from big health to innovative drugs. The acquired Jushi Biotech is the top mRNA platform in China, and its monoclonal antibody ADC (antibody conjugate) products are about to enter the harvest period, focusing on anti-tumor, rare diseases and other fields. From health food, functional food to innovative medicine, the imagination space of Xinnuowei has been completely opened. top 07
China Avionics Survey, the first era of military industry reform
It is proposed to take 174The acquisition of 100% equity of AVIC Chengfei for 4.2 billion yuan set off the most concerned restructuring case of the year. 
This is tantamount to "putting an elephant in the refrigerator", you know, before the restructuring announcement, the market value of AVIC was only more than 6 billion yuan, and the annual revenue was only 190.5 billion yuan, net profit of about 200 million yuan. Chengfei's revenue in 2022 is 6729.1 billion yuan, net profit attributable to the parent company of 131.3 billion yuan, and the profit of the institution in 2023 can reach 2.9-3 billion yuan. Chengfei is the last star asset of Aviation Industry Corporation of China (AVIC) that has not yet been listed, which owns China's most advanced fifth-generation fighter J-20, and has also developed and produced a series of military aircraft such as J-5, J-7, Thunder and J-10; In the field of civil aircraft, Chengfei also undertook the research and development of the large passenger aircraft C919. Chengfei is the "source of original military technology" and a typical representative of the extension of military science and technology to the civilian field. After the completion of the reorganization, Chengfei will be listed as a whole, and AVIC will be reborn. top 06
Huami New Materials, a PEEK concept stock that has been speculated
Huami New Material's share price is **341 in 20235%, which is the only two of the top ten companies on the Beijing Stock Exchange in 2023. The company is mainly engaged in rubber and plastic materials, and is a state-level specialized and new "little giant" enterprise, with customers including CRRC, Great Wall Motor, China FAW, Sany Heavy Industry, Sinopec, etc. The surge of Huami New Materials is due to PEEK special engineering plastics, and the company is docking with BYD to apply shock absorbers and seals on the body and chassis. At the same time, with the release of Tesla's humanoid robot Optimus Gen-2, UBTECH, the "first share of humanoid robots", was listed in Hong Kong, and the PEEK concept stock was detonated. Some analysts have pointed out that PEEK is expected to replace steel with plastic and become the core material in structural parts in automobiles, 3D printing, robotics, electronics, aerospace and medical fields. The superposition of multiple hot concepts, coupled with the strong rise of the Beijing Stock Exchange index, Huami New Materials has successfully taken off. top 05
High-tech development, "eat" Huawei's partners
High-tech Development was originally engaged in the traditional construction industry, and suddenly announced in October that it planned to acquire 70% of the shares of Huakun Zhenyu. Although Huakun Zhenyu is an enterprise that has only been established for more than three years, it is the "Southwest Computing King" and a close partner of Huawei's computing power industry chain. In the first nine months of 2023, the company's operating income has exceeded 3.9 billion yuan. Hua Kun Zhenyu isIt is the only company among Huawei's partners that has been certified as a "Kunpeng + Ascend" dual-level leader, and ranks first in China in terms of shipments of Huawei's ecosystem servers.
1. Capability assessment first. In addition, Huakun Zhenyu led the construction of the "Eastern Data and Western Computing" national integrated big data center, the Chengdu-Chongqing hub node model project, and the largest AI computing center in southwest China - Chengdu Intelligent Computing Center. After the restructuring announcement was released, the share price of High-tech Development closed 11 consecutive daily limits, and the increase during the year was as high as 34576%。top 04
Tsit Wing Technology, Huawei's "old partner" is soaring
Due to the continued popularity of the Huawei Mate60 series, Huawei's mobile phone industry chain will be bullish again in 2023. On August 29, Huawei launched the sale of the Mate60 mobile phone, and the stock price of Tsit Wing Technology began to soar. The highest increase reached 420%, and **377 during the year28%。Huawei used to be an "old partner" of Tsit Wing Technology, ranking first as its largest customer from 2014 to 2016. But after the sanctions on Huawei's mobile phones, Huawei has withdrawn from the company's top five customers. Moreover,Today, Tsit Wing Technology does not supply directly to Huawei, but provides precision structural parts to Huawei through downstream customer foundries (ODMs).In 2021, 2022, and the first half of 2023, the proportion of revenue obtained is only. 70%。At a time when consumer electronics are in an overall downturn, Tsit Wing Technology has lost money for two consecutive years, and it still lost 53.6 million yuan in the first three quarters of 2023, a year-on-year decrease of 15323%。The soaring share price of Tsit Wing Technology is a hype set off by ** tour capital through the tuyere of Huawei mobile phones, and it has nothing to do with its fundamentals. top 03
Shenglong shares, sitting on the tuyere of Huawei automobiles
The soaring price of Shenglong's shares stems from the advent of the new M7. In 2023, the new version of M7 and M9 will continue to be popular, and the market value of Cialis will also return to the market value of 100 billion. As the first business of Cialis, Shenglong shares have also come to the public eye and have been speculated by capital. At the same time, superimposed on the hype of the "dragon generation" at the end of the year, the annual increase of Shenglong shares reached 38555%, ranking third. On October 24, Shenglong Co., Ltd. said on the interactive platform, "The company is a fuel pump product for Cialis. However, in 2022 and the first half of 2023, the income obtained from Cialis is only 19.15 million yuan and 10.23 million yuan, accounting for only 129% and 15%, which is a very small percentage. In the first three quarters of 2023, the company's revenue was 1.1 billion yuan, down 3% year-on-year; net profit was 35.31 million yuan, down 53% year-on-year; After deducting non-profits, it also lost 4.91 million yuan, a year-on-year decrease of 108%. Even though the current stock price has fallen from its high, the dynamic P/E ratio is still close to 200 times, which is very overvalued. top 02
Liante Technology, a "new" player in CPO
The AI wave led by ChatGPT is a major theme in 2023, and Liante Technology, which started with optical modules, is praised as a "CPO concept stock". 
CPO stands for optoelectronic co-packaging technology, which packages optical modules and chips together to improve work efficiency and reduce energy consumption, providing a new solution to reduce costs and increase efficiency for the skyrocketing demand for computing power. With the halo of "CPO No. 1 Stock" on its head, the share price of Liante Technology once soared more than 9 times, and the annual increase was also nearly 4 times. However, compared with Zhongji Innolight, Liante Technology's performance is really too "ugly". Due to the fact that the upstream core device "optical chip" is controlled by others, and the downstream is facing international cloud computing and other giants, Liante Technology has been squeezed by both ends, the company's bargaining power has been weakened, and its profitability has continued to decline. In the first three quarters of 2023, it achieved revenue of 44.1 billion yuan, a year-on-year decrease of 2854%, and the net profit attributable to the parent company was 21.41 million yuan, a year-on-year decrease of 7591%。Net profit margin slipped to 48% all-time low. It can be said that the company's performance simply cannot support the so-called high-tech concept. Even though the stock price has halved from its peak, the current dynamic P/E ratio is more than 420 times, which is extremely risky. top 01
Kaihua Materials, "the king of AI computing and storage materials"?
The first place in the top ten in 2023 belongs to Kaihua Materials, which is listed on the Beijing Stock Exchange, with an annual increase of more than 57 times. It is also the only one that has risen more than 5 times throughout the year. The soaring price of Kaihua Materials is due to the ** of the Beijing Stock Exchange 50 Index at the end of the year; The second is the market's hype on domestic AI chip packaging materials and technologies. Kaihua Materials is mainly engaged in packaging materials for electronic components, covering two categories: epoxy powder encapsulation materials and epoxy plastic encapsulating materials, which are used in the insulation and packaging of electronic components in the downstream. Packaging is the last link in the chip industry chain, and with the soaring demand for AI chips with large computing power, special granular epoxy molding material (GMC) packaging has been pushed to the forefront of capital. However, whether Kaihua's materials involve GMC is still an "unsolved mystery". At present, there are only two companies in the world, Sumitomo Bakelite and Showa Denko, mass production, only a small amount of mass production of Lianrui New Materials and Yishitong in the A** field, and Huahai Chengke and Feikai Materials are still in the testing stage. Kaihua materials said to the outside worldI don't know about granular epoxy molding materials, and the business progress refers to the company's prospectus. It can be seen that the so-called "king of AI computing and storage materials" is only a unilateral "reward" for the market, and Kaihua materials do not have such strength.