LUXSHARE-ICT(SZ:002475) Sou Hu Cai Jing·2025-09-28 13:48Market Overview - The market continues to experience fluctuations after a rapid rise, entering a consolidation phase [3] - Major indices: Shanghai Composite Index at 3828.1 points, up 0.21%; Shenzhen Component Index at 13209.0 points, up 1.06%; ChiNext Index at 3151.5 points, up 1.96% [3] Sector Performance Power Equipment - The power equipment sector increased by 3.86%, driven by breakthroughs in new technologies and a reversal in the industry cycle [3] - Solid-state batteries represent a new growth phase, with industrialization accelerating and leading to strong mid-year performance from leading lithium battery equipment companies [3] Nonferrous Metals - The nonferrous metals sector rose by 3.52%, supported by the Federal Reserve's decision to lower interest rates by 25 basis points, providing upward momentum for metal prices [3] - A recent call between the US and Chinese leaders has also helped boost market risk appetite [3] Electronics - The electronics sector saw a 3.51% increase, with OpenAI partnering with Chinese consumer electronics leader Luxshare Precision to develop a revolutionary AI device [4] - The Meta Connect conference introduced new AI glasses, and Apple launched a full line of upgraded products, indicating a recovery in consumer electronics demand [4] Macroeconomic Context - The People's Bank of China (PBOC) continues to implement a moderately loose monetary policy, with the 1-year Loan Prime Rate (LPR) at 3% and the 5-year LPR at 3.5%, unchanged for four consecutive months [4] - The PBOC announced a 600 billion yuan MLF operation on September 25, with a net injection of 300 billion yuan for the month, marking the seventh consecutive month of increased operations [4] International Developments - Federal Reserve Chairman Jerome Powell indicated that stock prices appear overvalued, without hinting at potential rate cuts in October [5] - The US has confirmed a 15% tariff on EU imported cars and automotive products starting August 1, following a trade agreement [5] - The US current account deficit significantly decreased by $188.5 billion in Q2, reaching its lowest level since Q3 2023 at $251.3 billion [5] Focus Areas - Key sectors to watch include AI and technology, domestic demand-related sectors, and "anti-involution" related sectors [6] Follow-Up Areas - Continued monitoring of real estate, fiscal, consumption data, and price index data, as well as overseas economic data and changes in US-China tariff policies [7]