On December 8, several noteworthy capital movement signals appeared in the A-share market.

**Aerospace Electromechanical** suffered the most serious loss this time, with main funds withdrawing 1.217 billion. As the only listed entity under the Eighth Academy of China Aerospace Science and Technology Corporation, this company backs popular tracks like commercial aerospace and satellite manufacturing, and the market has always held fantasies about its asset integration story. Where is the problem? Revenue in the first three quarters of 2025 was directly halved, down 36%, and it also lost 247 million — while the stock price rose happily, the performance was bleeding, and this divergence will eventually need to be corrected.

**Wuliangye** saw an outflow of 753 million, down 1.47%, closing at 113.27 yuan. The leading liquor brand is known for its stability, and this wave of capital withdrawal seems more like a ripple effect of sector rotation. As the end of the year approaches, previously clustered funds begin to secure profits, coupled with the market's cooling short-term expectations for the consumer sector, liquor stocks inevitably need to take a breather.

**Qianzhao Optoelectronics** had a net outflow of 703 million, with the stock price slightly dropping 1.21% to 23.59 yuan. The LED chip sector has been heated up in the past two years by the concepts of Mini LED and Micro LED, but Qianzhao's performance growth has obviously not kept up with market appetite. The overall sentiment in the semiconductor industry is relatively cold, so funds will naturally be more selective.

The most interesting is **Aerospace Development** — while funds fled 685 million, the stock price surprisingly surged 6.95%, closing at 22 yuan. The story of military electronics continues to ferment, with concepts like communication confrontation and electronic blue army being quite solid, leading retail investors to be highly enthusiastic about taking over, while the main funds take the opportunity to cash in on profits. Behind the rise and fall, it is all just a game of capital.