Since July, overseas markets have been drastically adjusted. Affected by a combination of import factors, the A-share market has also experienced ups and downs. A recent rumor about a “breakthrough in domestic lithography machine research and development” not only caused Asmack's stock price to fall, but also triggered a contrarian rise in the A-share related sector. Although it is difficult to discern the truth or falsehood of the rumor, market performance has shown that the autonomy and control of the industrial chain reduces the exposure of A-shares to external influence, helping A-shares form a strong moat. China has the world's most complete industrial system, massive engineering team, and large-scale terminal demand. Domestic substitution in some industries is moving from a single point breakthrough to full chain collaboration. One of the most important tasks at present is to continuously improve China's industrial chain. The improvement of the industrial chain will continuously increase the long-term growth value of listed companies and build a moat to resist external risks. Of course, for investors, they also need to remain calm about the expectations of “industrial chain safety” in market pricing. The direction of autonomous and controllable industrial chains has been determined, but the process may be tortuous.

Since July, overseas markets have been drastically adjusted. Affected by a combination of import factors, the A-share market has also experienced ups and downs. A recent rumor about a “breakthrough in domestic lithography machine research and development” not only caused Asmack's stock price to fall, but also triggered a contrarian rise in the A-share related sector. Although it is difficult to discern the truth or falsehood of the rumor, market performance has shown that the autonomy and control of the industrial chain reduces the exposure of A-shares to external influence, helping A-shares form a strong moat. China has the world's most complete industrial system, massive engineering team, and large-scale terminal demand. Domestic substitution in some industries is moving from a single point breakthrough to full chain collaboration. One of the most important tasks at present is to continuously improve China's industrial chain. The improvement of the industrial chain will continuously increase the long-term growth value of listed companies and build a moat to resist external risks. Of course, for investors, they also need to remain calm about the expectations of “industrial chain safety” in market pricing. The direction of autonomous and controllable industrial chains has been determined, but the process may be tortuous.