CICC released the September industry configuration research report, saying that to seize structural opportunities under boom clues: the market may show a trend of differentiation after technological growth, and careful selection is needed: AI infrastructure-related aspects, such as optical communication, PCB, etc., are still very certain this year, and a rebound is expected after a sharp decline. More companies in the fields of semiconductors and computing power still need to pay attention to the degree of compatibility between fundamentals and valuations; more innovative drug companies have entered the clinical data verification stage, which is worth paying attention from the bottom up. Consider the geographical situation and production capacity cycle position in a comprehensive manner, and focus on areas where performance is improving and the supply and demand pattern is improving: such as construction machinery, power grid equipment, petrochemicals, etc. The fundamental recovery in the pure domestic demand industry is still progressing relatively slowly and requires further observation.

CICC released the September industry configuration research report, saying that to seize structural opportunities under boom clues: the market may show a trend of differentiation after technological growth, and careful selection is needed: AI infrastructure-related aspects, such as optical communication, PCB, etc., are still very certain this year, and a rebound is expected after a sharp decline. More companies in the fields of semiconductors and computing power still need to pay attention to the degree of compatibility between fundamentals and valuations; more innovative drug companies have entered the clinical data verification stage, which is worth paying attention from the bottom up. Consider the geographical situation and production capacity cycle position in a comprehensive manner, and focus on areas where performance is improving and the supply and demand pattern is improving: such as construction machinery, power grid equipment, petrochemicals, etc. The fundamental recovery in the pure domestic demand industry is still progressing relatively slowly and requires further observation.