wanhua(SH:600309) Sou Hu Cai Jing·2025-08-29 02:17Group 1 - The core viewpoint emphasizes the importance of fluorinated chemicals in the context of liquid cooling technology, which is expected to become a key solution for data centers as chip and cabinet power consumption continues to rise [1] - NVIDIA has clearly stated its intention to adopt liquid cooling this year, while domestic manufacturers are currently in the initial development phase [1] - The chemical ETF (159870) has seen significant gains, with leading stocks being fluorinated chemical companies, indicating strong market interest in this sector [1] Group 2 - Central Huijin holds 248 million shares of the chemical ETF, making it the largest shareholder, accounting for 10.02% of the ETF's total shares [1] - The social security fund's second-quarter report shows it holds over 6 billion in the chemical sector, ranking first among industries, with a total market value of 33.2 billion across 129 stocks [1] - The top ten holdings include companies from banking, PCB, agriculture, and leading chemical firm Wanhua Chemical, reflecting strong confidence in the chemical sector from both Central Huijin and the social security fund [1] Group 3 - Tianfeng Strategy notes that the chemical sector is driven by both a shift from the bond market to equities and macroeconomic factors, suggesting an improvement in fundamentals next year [1] - The Producer Price Index (PPI) is likely to return to positive territory, and the current relative valuation of the chemical sector is low, making it an attractive investment opportunity [1] - The K-line chart of the chemical ETF shows relatively modest gains, indicating a good entry point for investors [1]