券商晨会精华 | 重点看好AI终端设备产业链机遇

Market Overview - The market experienced a strong rebound yesterday, with all three major indices rising collectively. The Shanghai and Shenzhen stock exchanges recorded a trading volume of 2.16 trillion, an increase of 146 billion compared to the previous trading day. The Shanghai Composite Index rose by 0.90%, the Shenzhen Component Index increased by 2.05%, and the ChiNext Index surged by 2.74% [1]. Investment Opportunities - CITIC Securities emphasized the importance of investment opportunities in the lithium battery equipment sector. From January to August 2025, investment in China's lithium battery industry chain has rapidly increased, with solid-state batteries emerging as the hottest investment track. Equipment companies have started delivering solid-state battery-related equipment to downstream manufacturers since June, and orders for solid-state equipment have seen significant growth in the first half of this year, indicating a notable acceleration in the industrialization process of solid-state batteries [2]. - Tianfeng Securities highlighted the potential in the AI terminal equipment industry chain. The Ministry of Commerce and eight other departments jointly issued guidelines to vigorously develop digital consumption, focusing on collaborative efforts on both supply and demand sides. The guidelines aim to accelerate innovation in AI terminal products, particularly in artificial intelligence smartphones, computers, wearable devices, and smart robots, while promoting the interconnectivity of smart home appliances and pilot projects for smart connected vehicles. This policy initiative is expected to stimulate the digital consumption market directly and create a virtuous cycle of "demand driving supply," thereby upgrading the upstream industry chain, including chips and sensors, and injecting new momentum into the consumer electronics industry [3].