三季度业绩增量明显，重申游戏作为全年主线

Group 1: Gaming Industry - Citic Securities reports significant performance growth in Q3 2023, emphasizing gaming as a key focus for the year [1] - The gaming sector is experiencing a 20% increase in domestic self-developed online games in the first half of the year, driven by improvements in ARPPU [1] - Upcoming game releases such as "Valorant," "Famous Generals," and "Nine Muses" are expected to contribute to a strong Q3 performance [1] Group 2: Cobalt Market - Huatai Securities predicts a cyclical upward opportunity for cobalt prices between 2025 and 2027 due to long-term supply-demand optimization [2] - The cobalt supply-demand relationship is likely to remain in a state of shortage in 2026 and 2027, suggesting a potential price rebound [2] - Future cobalt prices are expected to trend upwards, with a price center projected to be above 350,000 RMB per ton [2] Group 3: Solar Thermal Power - Citic Securities highlights the importance of solar thermal power in constructing a new type of power system, providing stable renewable energy [3] - Solar thermal power can function as both a peak-shaving power source and energy storage, offering long-cycle peak-shaving capabilities [3] - The value distribution of solar thermal systems indicates that the concentrator system, heat absorption system, thermal system, and storage system hold significant value [3]