According to the Huaxi Securities Research Report, “technology+dividend” is mainly a structural differentiation between offline A-shares. Considering the implementation of the Federal Reserve's interest rate hike in September, the FOMC may suspend interest rate hikes in October, and overseas interest rate suppression will ease in stages, but the long-term supply pressure on US debt is still there, and the situation in the Middle East needs to be closely progressed; the domestic core observation window is centralized disclosure of the three quarterly A-share reports, compounding the effects of the implementation of the new real estate policy, and profit verification will divide the dominant sector. Specifically, in terms of the A-share market style and industry allocation: the allocation idea uses a dumbbell combination: the direction of technology is arranged in batches to grasp the main line of industrial prosperity; long-term holding of dividend assets obtains stable dividend income. Specifically, the technology circuit focuses on AI hardware and computing power infrastructure, prioritizing orders and cash flow that can meet targets, avoiding pure themes and excessive valuations; the AI application side focuses on the accelerated direction of commercialization. Dividend assets are used as ballast stones for combinations. Sectors with high dividends and stable cash flow are preferred to hedge against overseas interest rates and market fluctuations. Operationally, it is not appropriate to pursue higher goals. Use performance verification as a yardstick, screen individual stocks from the bottom up, and seize the structural opportunities of A-shares in the golden autumn.

According to the Huaxi Securities Research Report, “technology+dividend” is mainly a structural differentiation between offline A-shares. Considering the implementation of the Federal Reserve's interest rate hike in September, the FOMC may suspend interest rate hikes in October, and overseas interest rate suppression will ease in stages, but the long-term supply pressure on US debt is still there, and the situation in the Middle East needs to be closely progressed; the domestic core observation window is centralized disclosure of the three quarterly A-share reports, compounding the effects of the implementation of the new real estate policy, and profit verification will divide the dominant sector. Specifically, in terms of the A-share market style and industry allocation: the allocation idea uses a dumbbell combination: the direction of technology is arranged in batches to grasp the main line of industrial prosperity; long-term holding of dividend assets obtains stable dividend income. Specifically, the technology circuit focuses on AI hardware and computing power infrastructure, prioritizing orders and cash flow that can meet targets, avoiding pure themes and excessive valuations; the AI application side focuses on the accelerated direction of commercialization. Dividend assets are used as ballast stones for combinations. Sectors with high dividends and stable cash flow are preferred to hedge against overseas interest rates and market fluctuations. Operationally, it is not appropriate to pursue higher goals. Use performance verification as a yardstick, screen individual stocks from the bottom up, and seize the structural opportunities of A-shares in the golden autumn.