Summary · why it matters
As of the close on July 17, the automotive chip concept sector fell 8.69% overall, ranking fifth on the concept sector decliners list. Within the sector, stocks such as Toread Holdings and Everbright Photonics hit the 20% daily limit down, while Jilin Sino-Microelectronics, Dawei Co., Ltd., and ZTE Corporation also hit the daily limit down. Only four stocks rose, with Gongjin Electronics leading with a 10.01% gain. In terms of capital flows, the sector saw a net outflow of main funds of 16.284 billion yuan on the day, with 121 stocks experiencing net outflows. ZTE Corporation topped the list with a net outflow of 3.038 billion yuan, followed by Biwin Storage Technology, Tongfu Microelectronics, and Cambricon Technologies with net outflows of 1.527 billion yuan, 1.370 billion yuan, and 1.222 billion yuan respectively. Gongjin Electronics, JCET Group, and VeriSilicon Holdings received net inflows of main funds, with amounts of 602 million yuan, 427 million yuan, and 403 million yuan respectively.