Main Capital | 4 Stocks with Net Outflows Exceeding 200 Million Yuan at Close

Main Capital Flows | 4 Stocks Net Outflow Exceeds 200 Million Yuan at Close

17 stocks experienced net outflows from main capital flows exceeding 100 million yuan at the close.

Today (March 20), the three major A-share indices showed mixed performance. The Shanghai Composite Index fell below 4,000 points, while the ChiNext Index hit a new high since December 2021 during trading. By the close, the Shanghai Composite dropped 1.24%, the Shenzhen Component Index fell 0.25%, and the ChiNext Index rose 1.30%, closing at 3,352.10 points. Market turnover reached 2.3 trillion yuan, an increase of 175.6 billion yuan from yesterday.

According to Securities Times Data Treasure, the net outflow of main capital in the A-share market was 39.924 billion yuan throughout the day, with the ChiNext outflowing 8.905 billion yuan and the STAR Market experiencing a slight net outflow of 1.966 billion yuan.

From industry analysis, five first-level industries under Shenwan classification saw net inflows of main capital, led by the Power Equipment industry with 5.483 billion yuan. The Communication industry also saw inflows of 3.148 billion yuan. The Computer industry experienced net outflows exceeding 10 billion yuan, and the Electronics industry saw outflows over 5 billion yuan. Defense military, non-bank financials, basic chemicals, and biomedicine sectors each experienced outflows exceeding 3 billion yuan.

Funds Chase Photovoltaic and Lithium Stocks

Looking at individual stocks, 71 stocks saw net inflows from main capital exceeding 100 million yuan, with 19 stocks exceeding 300 million yuan.

The top 7 stocks by net inflow are all ChiNext stocks, led by Zhongji Xuchuang with over 2.3 billion yuan, up more than 6%. Overnight, the U.S. stock photonics sector surged, and at Nvidia’s GTC 2026 conference, Jensen Huang explicitly stated that by 2027, there could be at least 1 trillion USD in high-confidence computing demand. In the computing sector, Xin Yisheng received net buying of over 1.7 billion yuan from main funds.

The photovoltaic sector was a market hotspot today. News reports indicated Tesla plans to purchase 20 billion yuan worth of Chinese photovoltaic equipment for manufacturing solar panels and batteries. Funds favored companies like Sungrow, Shangneng Electric, and Mawei Co.

CATL’s stock price surged over 3% today, with net main capital inflow exceeding 1.3 billion yuan. The lithium battery sector also saw a big rally, with Shenghua Shenghua hitting the daily limit and Ganfeng Lithium attempting to hit the limit. According to a report from CICC, lithium industry chain production has fully rebounded in March, supported by post-holiday “trade-in” policies and new vehicle launches, indicating strong demand for lithium batteries throughout the year. Leading net inflows came from EVE Energy, Ganfeng Lithium, Chint Power, and Shenghua Shenghua.

According to Data Treasure, 174 stocks experienced net outflows from main capital exceeding 100 million yuan, with 27 stocks exceeding 300 million yuan.

Fujian Fortune’s stock price fell more than 5%, with net outflows from main funds approaching 2 billion yuan, the largest among all. The company released its 2025 annual report last night, showing revenue of 16.068 billion yuan, up 38.46%; net profit attributable to shareholders was 12.085 billion yuan, up 25.75%; and it plans to pay a 1 yuan (tax included) dividend per 10 shares.

Aerospace Development experienced net outflows exceeding 1.1 billion yuan, with its stock price dropping over 7%. Damingli, Huagong Technology, China Oil Capital, Tuowei Information, Jiangbolong, and Jiuan Medical each experienced net outflows exceeding 600 million yuan.

17 stocks experienced net outflows exceeding 100 million yuan at the close

Data Treasure reports that the net outflow of main capital in the last trading session was 16.072 billion yuan. Only the Banking and Coal industries saw net inflows from main funds, amounting to 89.86 million yuan and 16.92 million yuan respectively. Electronic sector experienced the largest net outflow, exceeding 3 billion yuan. Six industries—Computers, Power Equipment, Non-ferrous Metals, Machinery, Defense Military, and Communications—each saw net outflows exceeding 1 billion yuan at the close.

In individual stocks, no stock had net inflows exceeding 100 million yuan at the close, but Guizhou Moutai, Northern Rare Earth, and Shangneng Electric each saw net inflows of over 70 million yuan.

17 stocks experienced net outflows exceeding 100 million yuan at the close, with Huagong Technology, Aerospace Development, Damingli, and Shenghong Technology each experiencing net outflows over 200 million yuan. Stocks like Eastmoney, Jiangbolong, China Oil Capital, and Tianfu Communications also saw high net outflows.