Xin Hua Cai Jing·2025-12-31 01:11Group 1 - The A-share market is entering a critical data validation period in January 2026, influenced by policy implementation, macro data, corporate performance, and liquidity changes, leading to increased volatility and a tendency for phase rebalancing [1] - Sectors that led in December, such as defense, 6G, and satellite internet, require performance or order validation to digest their gains, while themes with clear industrial trends like commercial aerospace and AI computing may still present active opportunities [1] - The strategic resource attributes of certain non-ferrous metal sectors, particularly strategic minor metals like antimony, tungsten, and rare earths, are being revalued by the market due to their essential role in technological breakthroughs and their strategic scarcity [1] Group 2 - Three key industry directions are highlighted: first, strategic resources and cyclical recovery sectors, focusing on upstream resource products with strategic scarcity, including industrial metals (copper), strategic minor metals, and energy metals (potash) [2] - Second, the focus is on technological self-reliance and new productivity sectors, emphasizing clear industrial trends and high visibility in performance for leading companies in areas such as AI computing, digital economy, semiconductor domestic substitution, and commercial aerospace [2] - Third, there is an emphasis on domestic demand recovery and structural improvement, with some domestic demand sectors having attractive valuations after prolonged adjustments [2]