Xin Lang Cai Jing·2025-09-07 11:57Group 1 - The core viewpoint indicates that the short-term market adjustment is nearing its end, transitioning to a more sustained low-slope upward trend [1] - After the adjustment, market sentiment may marginally slow down, and the pace of incremental capital may become healthier [1] - The market is still in the second phase of a bull market, with a higher probability of transitioning to a lower slope upward trend as described in the September report [1] Group 2 - The recommended core strategy post-adjustment is to "embrace low penetration sectors," with current focus areas including solid-state batteries, AI computing power, humanoid robots, and commercial aerospace [1] - From a mid-term perspective, attention should also be given to high intrinsic return quality growth strategies [1]