As the overall A-share market has fluctuated and risen since June, various institutions have been very enthusiastic in investigating listed companies. Wind data shows that as of press time on June 25, 836 listed companies have received institutional investigations since June. Judging from the performance of the secondary market, nearly 70% of the companies surveyed have achieved positive returns since June. From the perspective of industry preferences for institutional investigations, electronics continues to be the most favored industry by institutions. A total of 94 companies have received investigations since June, and the investment value of sub-segments such as PCB, AI end-side applications and semiconductor chips has been recognized; many companies in the pharmaceutical and biological industry have also been investigated by institutions, and the investment value of the CXO (pharmaceutical outsourcing) industry is currently optimistic.