On August 17, Changxin Technology's stock price surged 12%, and its market capitalization reached 4.13 trillion yuan. It became the second listed company in A-share history after CNPC with a market capitalization exceeding 4 trillion yuan. According to statistics, since 2000, a total of 8 stocks have successively won the A-share market capitalization championship. ICBC, Kweichow Moutai, and CNPC have climbed to the top three, with 29, 14, and 13 times, respectively. Now, this baton is in the hands of a science and technology innovation board memory manufacturing company. In 2025, the global wave of artificial intelligence construction boosted demand for semiconductors and computing power, and the A-share market value of the electronics industry peaked for the first time. As of yesterday's close, the market value of the electronics industry reached 24.81 trillion yuan, accounting for 21.05% of the total market value of A-shares, all of which reached record highs. If the electronics, computer, communications, and media industries are calculated together, the total market value of these four major industries is 36.11 trillion yuan, accounting for 30.63% of A-shares. From banking, petroleum and petrochemicals to food and beverages, from power equipment to the rise of the electronics industry, this trajectory of market capitalization structure clearly reflects the historic shift in momentum of China's economy from infrastructure real estate, traditional manufacturing to scientific and technological innovation. Changxin Technology's market capitalization has broken 4 trillion yuan. It is not only a valuation rearrangement in the capital market, but also a milestone in the transformation of new quality productivity from policy narrative to market pricing.

On August 17, Changxin Technology's stock price surged 12%, and its market capitalization reached 4.13 trillion yuan. It became the second listed company in A-share history after CNPC with a market capitalization exceeding 4 trillion yuan. According to statistics, since 2000, a total of 8 stocks have successively won the A-share market capitalization championship. ICBC, Kweichow Moutai, and CNPC have climbed to the top three, with 29, 14, and 13 times, respectively. Now, this baton is in the hands of a science and technology innovation board memory manufacturing company. In 2025, the global wave of artificial intelligence construction boosted demand for semiconductors and computing power, and the A-share market value of the electronics industry peaked for the first time. As of yesterday's close, the market value of the electronics industry reached 24.81 trillion yuan, accounting for 21.05% of the total market value of A-shares, all of which reached record highs. If the electronics, computer, communications, and media industries are calculated together, the total market value of these four major industries is 36.11 trillion yuan, accounting for 30.63% of A-shares. From banking, petroleum and petrochemicals to food and beverages, from power equipment to the rise of the electronics industry, this trajectory of market capitalization structure clearly reflects the historic shift in momentum of China's economy from infrastructure real estate, traditional manufacturing to scientific and technological innovation. Changxin Technology's market capitalization has broken 4 trillion yuan. It is not only a valuation rearrangement in the capital market, but also a milestone in the transformation of new quality productivity from policy narrative to market pricing.