[Red Envelope] 4.1: Xi'an Taihua Road, 187 million La Snowman Group, level 8 rotation has moved to medicine

Introduction: “The scenery of the Northern land—thousands of miles of ice are sealed, and across ten thousand miles snow is drifting”[Taoguba]

To say who else in this arena can make money, it’s probably only Taihua Road. For intraday trading, you can spend 2 billion to buy more than 10 stocks, and you can also simultaneously get out 2 billion. I previously calculated the harvesting speed of Open Source Securities’ 3 houses. Over at Open Source Securities, there are 3 quant teams that are pretty formidable: Xi’an Taihua Road, Xi’an Xida Street, and Gaoxin Chengzhang Road. The quant program on Xi’an Xida Street is probably upgraded now; it’s currently Taihua Road running wild and massacring the market. I also previously counted: Xi’an Xida takes charge as the main driver to do flat-out first boards, 1-2, and an arbitrage play for the ChiNext board. Every day, it can harvest 30–50 million in profit from A-shares. In a year, that’s roughly a 10 billion scale of profit. Compared with Taihua Road, it’s still not even close.Based on the amounts shown on the leaderboard, his daily in-and-out capital, and the fill-rate speed of flat plays—in the A-shares market, at least 100–150 million in profit every day.
He mainly does flat-out first boards, 1-2, large-cap arbitrage, the 龙头 (dragon) trading method, including “reversal boards” and trend acceleration. The coverage is broader, the quant program is more complete, and the harvesting speed is faster. Harvest every single corner of A-shares—leaving not a single stray spot—everything is within the harvesting range!

Today, Taihua Road used 187 million to pull Lixue Group (雪人集团). You can tell that back then Xi’an Xida Street’s move was roughly between 25–50 million. Now Taihua Road’s moves are basically between 50 million and 200 million. The scale is up 4x, and it has achieved full coverage of every A-share model. Today’s move on Lixue Group has nothing more than two logics: one is that the discussion heat of Zhangxue machines (张雪机车) is relatively high. Since Lixue Group has the “xue” (snow) character, it can be captured by quant through the relevant corpus; the second is that the current sentiment is at an extreme ice point. Behind “extreme rotation,” the market already lacks vitality. On this chessboard, most of it is robots playing against each other—no human presence.

Use Grandpa’s 《Qinyuanchun·Snow》 to call out that line—“The scenery of the Northern land—thousands of miles of ice are sealed, and across ten thousand miles snow is drifting.” The motherland’s great rivers and mountains—an A-share market full of games and fun. In a prosperous market where retail investors make up 90%+—it’s only these few quant teams that have cooled it down.The index rose 1.46%, 4,500 stocks closed red, 6 hit the daily limit-down, 5 hit limit-up, and the board-lock rate was 60%—what kind of data is that? This is already “strong-faction data.” For someone who has fought against quant continuously for 2–3 years and the result has been okay—a veteran—lately the feeling is: it’s kind of hard to beat them. In terms of index judgment, theme deduction, cycle deduction, and stock aesthetic sense—never say fail. But in terms of speed, you can’t compete. Fast rallies followed by fast killings—on the intraday chart, the performance is too dependent on what’s happening at the moment.

When everyone thinks the medicine sector is the main line and there’s logic behind it, Michelangelo then has to remind everyone: from last Friday’s lithium batteries—Rongjie Co.—to Monday’s optical communications—FiberHome (长飞光纤), to Tuesday’s power sector—Xineng Taishan (新能泰山), to aerospace—Jianshen Co. (神剑股份). On Wednesday, it was Tianyao (津药药业) and Wanbangde. Which one, when placed in an intraday trade, wouldn’t be something to brag about? They can all be called strong and distinctive. Looking back afterward, basically the sectors were all wiped out the next day: lithium batteries disappeared on Monday, optical communications disappeared on Tuesday, power and aerospace disappeared on Wednesday. On Thursday, could medicine really dare to take over the acceleration? Look at the money going in to接（buy）Shenzhou High-Speed Rail today!

The method really needs to change here. For Huadian Liaoneng’s 8-board height—connecting power-ecosystem doesn’t help at all. Here it’s more suitable for a left-side dip-buy, not that kind of relatively safe left-side dip-buy, but a left-side dip-buy with significant gaming, like how you bought Dashengda yesterday, like how you bought Guosheng Technology (国晟科技). From the perspective of looking at it standing on yesterday’s trading, there basically isn’t any safety coefficient.

If you really want one sentence: next, it’s better to rest—wait until the index confirms it has completed the double-bottom and then go do that big cycle and the big primary upswing. Before this index has been confirmed, it’s hard for capital to build sustainable sector moves; they’ll mostly be one-day tours. At the node where the index “steps with both feet,” by symmetry there are still 5 trading days—that’s next Thursday.

Hope the ecosystem is better, and hope quant capital can guide things in the village, building an investment market with a favorable environment, so that everyone can make money. No matter how you make money—provided you actually make money—you can see a stable and dependable way to profit!
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4.1: Index forcibly sparks yang! Power profit-taking, medicine continues strong; as AI attacks with the index, today AI is mainly domestic compute power**
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I. The overall market**

Market turnover was 202.48 billion, with volume up 19 billion. 57 hit limit-up, 6 hit limit-down. Yellow-white crossover. Today, both large and small caps were passively repaired along with the index.

The trends of the boxes marked on the index are basically similar. In this quant-led market, every time there’s a gap it gets filled. After filling, it will also pull back—no exceptions. From what we saw intraday yesterday, the probability was higher that the index would open down, to go seek the double bottom. Today, under Trump’s talk in the periphery, it was forcibly twisted back again. In other words, “the mouth of the stock-market gods” turns the whole world’s rises and falls into what it says. Since the index forcibly opened a “yang” here, then going forward how it moves, the market has to revert to its original operating track. Down 3 and coming back means extending for a few more days. What I’m telling everyone is: be careful with defense. The last part of this decline is at the cost of liquidating the old cycle—killing will also hurt.

Today, just from sentiment definition, it’s a strong split, and it has nothing to do with 4,500 stocks closing red or the 1.46% gain in the index. It’s related to the money-making effect. Today, most of the people chasing got hit in the face with losses; the people doing follow-on trades also got hit. The rate of failed boards is very high, and rotations among themes happen extremely quickly. From the sentiment perspective, this is retreat data. The index and sentiment are also somewhat divergent. Tomorrow, the market should return to the orthodox. If sentiment is wrong, then tomorrow sentiment will strongly correct. If the index is wrong, then tomorrow the index will pull back. Just see what answer tomorrow’s market delivers.

II. Sectors
**
On themes: **pre-open, overseas AI, medicine, and high-speed-rail infrastructure showed the strongest performance. But after the opening, the infrastructure sector didn’t show the expected continuation of strength; instead, it saw a collective “兑现” (兑现 meaning profit-taking/realization) move. The power sector, which had some repair yesterday, was directly abandoned by market funds and looked weak. On the other side, the compute power sector was impacted by related US-listed sectors; at the open it collectively gapped up, but the failed-board rate stayed high, and capital divergence was significant. Then, when the index showed its first wave of inflection point, the innovative drug sector launched an attack first; the progression of the move was smooth and it became the core main line on the intraday board. In the afternoon, semiconductors, nuclear power, tourism, and others joined the rotation. Overall, it was a multi-sector rotation pattern. But combined with the index’s repaired posture, the short-term price action always shows signs of deliberate suppression—slightly contradictory.

Pharmaceuticals & healthcare

4 boards: Jinyao Pharmaceutical (津药药业)
2 boards: Kailaiying (凯莱英)
1 board: Jiu’an Medical (九安医疗), Runto (润都股份), Oncolium/Kanglikang (昂利康), Wisdom Pharma (睿智医药), Haixin Biotech (海欣股份), Neptun/Biogenesis? (海王生物), Yibai Pharmaceuticals (益佰制药), Peking University Pharma (北大医药), Guangshengtang (广生堂), Aidi Pharma (艾迪药业)

With the index rising sharply as the backdrop, the pharmaceutical sector fermented the most. From the perspective of “following the index,” the hidden line-core right now is the earnings line. Several stocks show a “reversal/engulfing” structure, and funds are switching step by step from the defensive power sector to the pharmaceutical sector. Looking at the high-to-low rotation from the defensive logic, you need to pay special attention to the high-level suppression formed by Mino War (美诺华) at the 5-board height. Overall, the board is dominated by a trend-style structure. You can dig into last year’s innovative drug picks that had higher recognizability.

The logic behind pharmaceuticals is pretty simple: innovative drugs going overseas. This has already been traded before. Today I saw some family ask why not focus on medicine. Actually, medicine has been on the watchlist for a long time. From the Golden Bull Chemical cycle (金牛化工周期), medicine already had unusual moves and performance. But the path for medicine is extremely awkward. If the logic for medicine is truly strong, then after the Golden Bull Chemical cycle ends, it should break through and continue. In this path, there can be disagreement, but it can’t be hammered down by all kinds of other themes.

Today’s medicine fermentation logic is basically the same as last Friday’s lithium batteries: it comes only when there’s nothing left that can be done. So it reaches the climax. According to past playbooks, in the high-level acceleration, basically that’s the endgame/tail. Tomorrow, Jinyao Pharmaceutical can only open with a 1-character limit-up (1字开). If it can’t open with a 1-character limit-up, then it means it’s below expectation and will be realized/profit-taken. If it does open with a 1-character limit-up, then once there’s disagreement it’s also a realization. So this medicine isn’t good to take tomorrow—other than biting into it intraday today.

AI hardware

1 board: Mingtong Optics (铭普光磁), Shandong Glass Fiber (山东玻纤), Zhaolang Intelligent (卓郎智能), Zhongjing Electronics (中京电子), Tenglong Shares (腾龙股份), ZhiliFang (智立方), RuishiKangda (瑞斯康达), Yind Ding? (永鼎股份)

In overseas mapping, today’s detail is that most overseas compute power names opened high. But the ones that truly left something behind were basically just some rather unremarkable tickers. FiberHome? (长飞光纤) and Yizhongtian (易中天) didn’t look that obvious. And there were lots of failed boards too—like Honghe Technology (宏和科技) and Jinan Guoji? (金安国纪).

It shows one thing: the strength of overseas compute power is starting to weaken. Today, domestic compute power is rising.

Compute power

1 board: AURID (奥瑞德), Mylink (美利云), Wanze Co. (万泽股份), Roman Co. (罗曼股份), QTech? (华勤技术), JialiTu (佳力图), Dashengda (大胜达), Hengrun Shares (恒润股份)

April 1st, Hong Kong stocks’ Zhipu (02513.HK) surged 32%, and its share price hit a new high since listing. Today, A-share domestic compute power showed a very impressive performance; related names moved up collectively, highlighting the high-grade business cycle/industry enthusiasm in the domestic compute power supply chain. However, note that this sector has repeatedly had “one-day tour” moves in the past, and the sustainability is questionable. It’s best to take a stance already in the bidding stage. Also, as Zhipu in Hong Kong is a benchmark for domestic large models and the compute power industry chain, its trend can serve as an important reference for A-share related sectors as well.

The good news is that domestic compute power finally got a bit more backbone. Today, its strength is stronger than overseas compute power. The bad news is that after the new year, domestic compute power doesn’t have any height—Huasheng Tiancheng (华胜天成) and Mylink (美利云) have a very twisty走势. This time, it depends on AURID—whether it can open up the height. If AURID can’t, then let Dashengda do it. Dashengda’s name, price, market cap, and regional attributes all have that “dragon” vibe.

Games

1 board: Perfect World (完美世界), Giant Network (巨人网络)

Rotation happened in the afternoon—if you get bored watching, I remind you: you can go play games.

Lithium battery

1 board: Lidao New Materials (丽岛新材), Furi? (孚日股份), Guosheng Technology (国晟科技), Quzhou Dongfeng (衢州东峰)

Last time, lithium batteries were beaten by weight-loss medicine (肥药). This time, the medicine hasn’t even ended yet—so lithium battery batteries can’t really come out. Trend structures are more prominent.

Board-limit-up announcements:

Tongda Shares (通达股份): 2025 net profit 161 million yuan, up 533.17% year over year
Xinghui Environmental Materials (星辉环材): plans to indirectly control 19.25% of Xinghui Environmental Materials’ voting rights
Liangmianzhen (两 面 针): the actual controller will be changed to the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region
Bemei Garments (美邦服饰): plans to sign a daily operation material contract of no more than 1 billion yuan with an affiliated party, Xineng Textile (新能纺织)
Bosecheng Shares (柏诚股份): holds relatively stable market share in the mid-to-high-end cleanroom market
Jinjiang Shipping (锦江航运): 2025 net profit 1.5 billion yuan, up 47% year over year
Keji Mountain (会 稽 山): 2025 net profit 245 million yuan, up 24.70% year over year
Linuo Pharma Packaging (力诺药包): the controlling shareholder plans to use inquiry-based pricing to transfer 2.99% of the company’s shares

Small total: The current market is in a divergence cycle of rotation across multiple sectors. There is no clear and continuous main line yet. The “high-low switching” characteristic of funds is obvious. In terms of cycles, it should be the middle-to-late stage of the chaotic launch period—meaning after retreating once more, things should be put back in order and a big cycle is born. In terms of sentiment, overall it’s neutral-to-divergent; the sentiment is strong divergence. In terms of themes, the compute power sector has a high failed-board rate, showing significant capital divergence. The pharmaceutical sector has strong fermentation, but it’s suppressed by high-level stocks, with no obvious extreme sentiment. The money-making effect is concentrated in a small number of main-line theme names. In terms of operations, you need to keep a light position size and follow the main line, focusing on the earnings line and innovative drug stocks with high recognizability. Avoid weak sectors like lithium batteries. Don’t blindly chase compute power and other sectors whose sustainability is in question. Throughout the day, the theme picture showed a “infrastructure profit-taking, medicine leading, technology rotation” pattern. Medicine is the core main line; technology sectors like compute power and AI hardware show some performance but lack sustainability. The key nodes are Mino War’s 5-board high-level suppression and Zhipu’s trend in Hong Kong. You need to pay close attention to Mino War’s consecutive-board height, Zhipu’s moves in Hong Kong, and how US-listed market-related sectors perform. Risk appetite is medium; funds lean toward switching between defensive and growth. Overall, be cautious but also cautiously positive. Let me add one thing: right now it’s not suitable to do follow-on trades (接力). No matter how good the follow-on is—if you take it, one after another it won’t even make a sound. Watch more trends, especially those particularly awkward trends—like Jiu’an Medical (九安医疗), Shuhao Sports (舒华体育), AURID (奥瑞德), Dashengda (大胜达), Mylink (美利云), and Guosheng Technology (国晟科技). Those smoother-looking trends are more like Wanbangde (万邦德).

III. Individual stock analysis

Shunfa Hengneng: Continue observing for one more day. It’s really a waterfall selloff—you can’t cut any more. Look at what happens tomorrow.

Datongnan: Waited for him for 1 day. Hangzhou’s performance today was okay, but it didn’t come—so from the afternoon intraday, don’t watch the moving-average lines anymore.

Shuhua Sports: Waited for him for 1 day. At 14:30 in the afternoon there was no表现—no longer observe.

Dashengda: A watchlist name within expectations. Today it turned stronger on the right side, so choose to observe via a mid-way buy.

Dian? (Guangdian) Shares: Compute power opened extremely strong—choose to observe.

IV. Tomorrow’s approach

For the index: The index has been forcibly changed in direction. Be careful here. An index pumped with adrenaline, after the effect wears off, will also get listless.

For the cycle: It’s already bottoming in the bottom region, and it also has the characteristics of a launch period.

For sentiment: Thursday’s sentiment should be better. Wednesday’s sentiment wasn’t good. Thursday will be better, but the index might not necessarily be.

For nodes: There’s only one 2-board: Tongda Shares (通达股份).

Risk preference: Trends are better. Research trends more and do fewer follow-on trades.

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Thanks to the following brothers and sisters for pushing the oil (supporting), keep going—don’t forget, it must be red for ten thousand years!

@Uncutable_weed666@K线游侠@南油小炒@退学炒A股@laidianhaoyu@庄哥说股@求稳123@JPLivermore
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