Xin Lang Cai Jing·2025-11-03 00:30Core Viewpoint - The report from CITIC Securities indicates that with the successful conclusion of the Fourth Plenary Session and the clarity of the "14th Five-Year Plan," along with the resumption of Sino-U.S. economic negotiations, the market is likely to return to an earnings-driven structural market after the Shanghai Composite Index breaks through 4000 points and the third-quarter reports are disclosed [1] Group 1: Market Outlook - The market is expected to shift back to an earnings-driven structure following key events [1] - The Shanghai Composite Index has surpassed 4000 points, indicating positive market sentiment [1] - The completion of third-quarter earnings reports suggests a clearer view of company performances [1] Group 2: Investment Recommendations - Focus on sectors such as non-ferrous metals and new energy, which have sustained growth and reasonable valuations [1] - Emphasis on the importance of converting market share advantages into profit advantages, particularly in China's scarce resources and quality production capacity [1] - Continued attention on high-interest technology sectors, with edge AI expected to become a new catalyst [1] Group 3: Specific Opportunities - Identification of investment opportunities in brokerage firms, innovative pharmaceuticals, and logistics sectors [1]