Hexun Investment Advisor Lü Nimang: The major players have completed rebalancing and stock rotation. A new round of offensive is about to begin!

Attention all shareholders! No matter whether you believe it or not, this round of adjustments throughout March is digging “golden holes”! At this point, the main forces have already completed their rotation of holdings and share swapping, and the next round of offensive is about to begin!

In particular, the direction that these two major institutions unanimously favor represents the new main storyline for the A-share market in the second quarter! If you happen to be holding positions in the relevant areas, you must hold them firmly. After the holiday, they will most likely strengthen directly, and even a fast rally is not out of the question!

If you can get to this video before the April market kicks off, then either you are a die-hard fan who watches Manman videos every day, or you are someone blessed with good luck and long-lasting fortune. The reason big data pushes it to you is not accidental—it’s more like a filter, and it can also be understood as a signal that opportunities are starting.

Once you fully understand what Manman is about to explain next and you seize the initiative, you won’t be like last year—missing the “408 golden hole” of “when others are fearful, I am greedy”! As the impact from overseas gradually weakens, and the gradual rollout of risks related to annual and quarterly report results comes into clearer view, after this deep pit, a large batch of high-quality targets at low valuations are about to start a valuation repair, ushering in a new round of upward moves!

No matter whether you are fully invested and lying flat right now, or staying in cash and watching from the sidelines, if you watch this video to the end, in April you will be one step ahead and “change your fate against the odds”!

First direction: computing power + AI hardware. Sub-sectors like CPUs, PCBs, liquid cooling, and fiber optics are basically all moving in resonance with the index. As long as the index rebounds, they will most likely rise along with it. Also, April is exactly the key period when financial reports are released in a concentrated way. AI hardware leaders such as optical modules and liquid cooling have clear signals of year-on-quarter performance growth in their first-quarter reports!

What does this mean? This round of the market is no longer theme trading based only on painting a pie chart and pure storytelling as before. Behind it are solid, real orders—with performance supported by real money and real results! On top of that, with the current vigorous construction of super-large-scale intelligent computing clusters “above,” compute-and-power coordination has been elevated to a national strategy. The replacement pace for domestically produced AI chips, servers, and high-speed optical modules—especially “domestic” ones—is getting faster and faster. The entire industry’s growth space has been fully opened!

Second direction: new energy + lithium batteries. Previously, lithium prices fell for two years, but now they have fully reversed! Demand from downstream energy storage and new energy vehicles has been steadily warming up. Factories are competing to stock up and rebuild inventories, and the industry’s most difficult inventory-digestion phase has already been endured and passed! Moreover, key materials like hexafluorophosphate lithium—six-fluorophosphate lithium—have also started to rise in price earlier than usual. Based on past experience, once upstream prices start moving, the profits of the entire lithium battery industry chain will quickly repair.

April is also again the window period for the concentrated realization of first-quarter results. A large number of leading companies have clear turning points in their performance. What comes next is upward moves supported by tangible earnings—no longer just pure theme speculation! And on top of that, “leadership” has positioned new energy and energy storage as a core pillar industry, and the new energy vehicle purchase tax reduction policy has also been steadily implemented. With these two positive tailwinds propping up the industry, therefore, new energy + lithium batteries will most likely stabilize and rebound in April, and deliver a repair rally. Everyone can have a bit more confidence and patience.

Manman knows that throughout all of March, everyone’s mood has been hard to bear. Many people even got back the profits earned in 2025 and then handed them back. But remember this: when bad news has run its course, it turns into good news. After a sell-off that has truly shaken things out, there will definitely be a rebound—and the long-term trend of the A-share market running as a bull market also won’t change easily!

Right now, external market disturbances are gradually weakening, and the expectation of foreign capital returning is getting stronger and stronger. The annual reports and quarterly reports that should be filed have basically all been reported. Once the performance vacuum period is over, companies with real performance and real growth will be the first to launch an advance. And with ample liquidity, policy support continuing to provide downside backing, end-of-quarter capital pressure is completely relieved. Institutions are starting to reorganize and reposition for new entries.

The deep “golden hole” ahead has already smashed out opportunities. After risk has been released, April is most likely to be the turning-point window. A market characterized by consolidation and upward trend, with repair and rebound, is the trend! The market never lacks opportunities—it just lacks patience and discipline. After a month, when you look back at where things stand today, you will thank yourself for the calmness and steadfastness you keep today.

(Editor-in-charge: Zhang Yang HN080)

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