中信证券：建议关注硅基材料行业向下游高景气赛道延伸拓展的公司

Core Insights - The silicon-based materials industry is currently at the bottom of the cycle and undergoing consolidation [1] - The supply side has significantly slowed down, but the industry has not experienced deep losses [1] - There is difficulty in self-clearing within the industry, with expectations for future "anti-involution" policies to break the deadlock [1] - Companies extending their reach into downstream high-demand sectors are recommended for attention [1]