Sou Hu Cai Jing·2025-10-10 02:00Group 1: Technology Sector - The technology sector is highlighted by 11 out of 13 brokerages, with SMIC being the top pick due to its leading position in domestic wafer foundry and a backlog of orders extending to 2026, ensuring stable capacity [3] - SMIC has recently added a 28nm mature process production line, with a gross margin expected to remain above 25%, providing visible performance support [3] - The focus on long-term investment in SMIC is emphasized, as the overall trend of domestic substitution remains intact, allowing for continuous performance realization [3] Group 2: Pharmaceutical Sector - WuXi AppTec is included in the "golden stock" list by 8 brokerages, driven by a recovery in global pharmaceutical R&D demand and an increase in outsourcing orders from multinational pharmaceutical companies [3] - The company is expanding its innovative drug service business in China, collaborating with several biotech firms to develop new cancer drugs, with a growth rate projected around 30% [3] - The pharmaceutical sector is deemed suitable for long-term investment, with WuXi AppTec's global business support enhancing its risk resilience compared to smaller firms [3] Group 3: New Energy Sector - CATL is favored by 7 brokerages, with two main reasons: the recent implementation of export license management for lithium batteries, which helps eliminate disordered competition, stabilizing overseas orders, particularly from European automakers, which now account for 45% of its orders [4] - The mass production of CATL's Kirin battery technology, which has a 20% higher energy density than traditional batteries, is expected to convert technological advantages into profits as it supplies to companies like Li Auto and NIO [4] - Investors are advised to focus on technological iterations and order volumes in the new energy sector rather than short-term fluctuations [4] Group 4: Consumer Sector - Kweichow Moutai remains a "cornerstone" choice for 5 brokerages, supported by strong sales data during the National Day holiday and stable batch prices around 1900 yuan, indicating steady demand [4] - The company is expanding its direct sales channels, with a 20% increase in advertising on e-commerce platforms, which is expected to directly enhance profit margins [4] - Moutai is considered a suitable long-term investment for its strong cash flow and brand power, providing a stable foundation for investors amid market fluctuations [4] Group 5: Overall Investment Strategy - The investment logic of the 13 brokerages aligns with a long-term investment approach, focusing on companies with performance support and industry prospects rather than chasing hot stocks [4] - The highlighted companies possess core advantages in their respective fields, and any market corrections should be viewed as potential opportunities for increasing positions, provided the fundamentals remain unchanged [4]