Zhi Tong Cai Jing·2025-09-14 00:55Group 1 - The core viewpoint of the report indicates that the market style is expected to lean towards growth and balance, with high valuation sectors being relatively more attractive for investment [1][4] - The "Five-Dimensional Industry Comparison Framework" is introduced, which analyzes multiple factors affecting stock prices, emphasizing the need for a comprehensive judgment on various influences [1] - Historical backtesting shows that industries with higher scores in the framework tend to perform better, with annualized returns of 11.8% for the top group and -10.5% for the bottom group, indicating a strong correlation between score and performance [2] Group 2 - In September, subjective judgments suggest that market sentiment may remain high, leading to a rotation between growth and balanced styles, with financing and public funds expected to drive future capital [3] - The report highlights that sectors such as electric equipment, communication, computer, electronics, automotive, and media scored high and are recommended for future investment focus [4]