Recently, the A-share market has exhibited robust performance, with concept stocks in trending sectors like AI and commercial spaceflight witnessing substantial price surges. Some companies have even seen their stock prices soar to all-time highs. In response to this market trend, relevant popular concept stocks have issued a series of announcements concerning abnormal stock price movements. These announcements underscore risks such as excessive short-term price hikes and valuations that diverge from the companies' underlying fundamentals. Additionally, they have clarified the progress of hot-concept businesses that are currently attracting market attention, noting that some of these ventures have not yet established stable business models or generated corresponding revenues.

Amidst the soaring stock prices, several popular concept stocks have also unveiled plans for share reductions. The list of entities planning to reduce their holdings includes actual controllers, controlling shareholders, and senior executives of listed companies. According to statistics, from January 12 to 8:00 PM on January 13, nearly 100 A-share companies issued announcements regarding their intentions to reduce shareholdings.

Niu Jianbo, an associate professor at the China Academy of Corporate Governance at Nankai University, commented on the situation. He pointed out that once the valuation of popular concept stocks climbs, shareholders are motivated to cash in on their gains. The high liquidity of these popular stocks further facilitates large-scale share reductions. Niu Jianbo reminded investors to carefully assess the alignment between the fundamentals and valuations of popular concept stocks. He emphasized that companies with robust governance structures and major shareholders who exhibit restrained behavior are likely to possess greater long-term investment value.