Private equity research focuses on "hard technology" and "healthcare."

Against the backdrop of intensive disclosure of semi-annual reports by A-share listed companies and the emergence of structural market opportunities, the frequency of private equity institutions conducting research significantly increased in August. Monitoring data obtained from third-party institutions showed that the total number of research conducted on A-share companies by private equity institutions in that month exceeded 6,000 times, an increase of over 200% compared to the previous month. This research trend not only reflects the positive attitude of private equity institutions towards the future market, but also reveals their current focus areas. In terms of research trends, the pharmaceutical and biotechnology industry replaced the computer industry in July as the most favored industry for private equity research in August. The technology and high-end manufacturing sectors such as electronics, mechanical equipment, and power equipment also received intensive attention from private equity institutions. In a market environment where main themes rotate rapidly, private equity institutions are seizing new investment opportunities through diligent research. In terms of research focus, private equity institutions in August clearly focused on the "hard technology" and "big health" core tracks, while also emphasizing high-elasticity targets and leading companies in segmented industries in their research coverage.