The start of December is not peaceful, as A-shares have exploded with several big shocks.

The most ruthless one is ST Cube, which has falsified financial reports for three consecutive years from 2021 to 2023, and is now directly labeled with a delisting risk warning. Starting from December 2, it will officially enter the "danger list." Falsifying annual reports in the current regulatory environment is essentially tantamount to seeking one's own demise.

The regulators are also not idle. Tianfeng Securities has been targeted by the Securities Regulatory Commission for information disclosure violations and illegal financing; the actual controller of Haide Co., Ltd. has also been implicated along with the company; Yongtai Energy and Helenzh also received case filing notices due to information disclosure issues—this wave of "post-autumn reckoning" seems quite intense.

The shareholders' reduction of holdings is even more lively. Data Harbor, Haimeixing, and Magic Pharmaceuticals all have shareholders preparing to clear 3% of their holdings; Bofei Electric and Jihong Co. are also around this scale. Longchuan Technology, Huaxi Technology, and Yan'ao Co. are also on the reduction list. Fangyuan Co., Yinuosi, and Zhongwei Company have smaller reduction ratios (around 1%), but it cannot be ignored that these are all well-known companies in the industry.

Additionally, a reminder: This week, three stocks are facing massive unlocks—Sichuan Road & Bridge 18.6 billion, Lianyun Technology 10.5 billion, and Hengshuai Co., Ltd. 7.8 billion. Such a volume of unlocks will put some pressure on stock prices in the short term.

In short, recently in this market, the risks that should be avoided must still be avoided.