Book is -5.7% to -4.6%, only 1.1% wide. Thin signal, even at median conf 73. Downside risk is dominant in 3 of 10. China Three Gorges Renewables ($600905.SS) gets hit by earnings yield vs bonds and 60

Basic Materials cluster: Inner Mongolia Baotou Steel Uni ($600010.SS) at sec 1, dragged by downside risk, earnings yield vs bonds, fwd/trail P/E. China Northern Rare Earth (GP) Hi-Tech ($600111.SS, $GP) at sec 3, illiquidity and downside risk, plus EPS revision accelerating down. Same sector, different leaks. Guosen Securities ($002736.SZ) and China Energy Engineering Corp ($601868.SS). Guosen: 60d vol, downside risk, fwd/trail P/E. China Energy: downside risk and 60d vol, but 12mo momentum is positive. Still a short. Both sec 1. China Petroleum & Chemical Corp ($600028.SS) has EPS revision accelerating up, but illiquidity and vol instability drag it. Zhangzhou Pientzehuang Pharmace ($600436.SS) is all downside: 60d vol, downside risk, EPS revision accelerating down. Energy sec 5 vs Healthcare sec 2. Technology takes 2 of 10. Empyrean Technology ($301269.SZ) has EPS revision accelerating up and max drawdown up, but earnings yield vs bonds drags. BYD Electronic ($0285.HK) gets illiquidi

Basic Materials cluster: Inner Mongolia Baotou Steel Uni ($600010.SS) at sec 1, dragged by downside risk, earnings yield vs bonds, fwd/trail P/E. China Northern Rare Earth (GP) Hi-Tech ($600111.SS, $G