Li New Energy Hits Daily Limit with 13.54% Turnover; Institutions Net Sell RMB 11.68 Million

Li New Energy hit its daily price limit on August 26, posting a full-day turnover rate of 13.54%, trading volume of RMB 1.586 billion, and an amplitude of 15.16%. The stock was listed on the Shenzhen Stock Exchange's Dragon-Tiger list after its daily amplitude reached 15.16% and its daily gain deviation hit 9.50%. On the day, institutional-designated seats recorded a net sell of RMB 11.68 million, Shenzhen-Hong Kong Stock Connect posted a net buy of RMB 25.86 million, and business department seats recorded a combined net buy of RMB 338 million.

The top five buy and sell departments on the list recorded combined turnover of RMB 625 million, comprising buy turnover of RMB 488 million and sell turnover of RMB 136 million, for a combined net buy of RMB 352 million. In detail, one institutional-designated seat appeared, ranked third among sellers, with buy amount of RMB 7.39 million and sell amount of RMB 19.07 million, for a net sell of RMB 11.68 million. Shenzhen-Hong Kong Stock Connect was the fourth-largest buy department and the largest sell department, with buy amount of RMB 77.77 million and sell amount of RMB 51.91 million, for a net buy of RMB 25.86 million.

In terms of capital flows, main capital recorded a net inflow of RMB 472 million on the day, comprising net inflow of RMB 473 million from super-large orders and net outflow of RMB 891,100 from large orders. Over the past five days, main capital recorded a net inflow of RMB 532 million. Over the past six months, the stock has appeared on the Dragon-Tiger list 14 times, with an average price rise of 3.82% the day after listing and an average rise of 3.20% five days after listing.