As the current year nears its end, the A-share market persists in its volatile dance, marked by a stark divergence in the performance of individual stocks. In contrast to the broader index's ups and downs, thematic sectors—such as commercial aerospace, controllable nuclear fusion, autonomous driving, the Hainan Free Trade Port, and new retail—have exhibited remarkable vigor. Recently, certain sector indices have even soared to unprecedented heights. This trend of "individual stock divergence amidst thematic exuberance" has become a defining characteristic of the year-end market landscape, presenting a conundrum for market participants.

Multiple private equity firms attribute this intricate pattern to a confluence of factors, including year-end fund reallocations and industry-specific catalysts. In navigating this market divergence, private equity firms have embraced a spectrum of strategies. Some have chosen to "ride the wave" of emerging trends, while others have opted to "stay true to value." Nevertheless, there prevails a broad consensus among institutions on the imperative of an early, multi-layered strategic布局 (which translates to "layout" in English, but here it means a strategic plan or arrangement) in AI-driven industrial opportunities.