控制仓位，等待量能与情绪的进一步确认

Group 1: Market Overview - The market opened lower influenced by external factors, with the Shanghai Composite Index down 0.66%, Shenzhen Component down 0.96%, and ChiNext down 1.02% [1] - The coal and banking sectors showed resilience, while precious metals, photovoltaic, computing hardware, and semiconductors faced declines [1] Group 2: Industry Insights - The coal sector is experiencing a favorable environment due to multiple supportive policies aimed at energy security and new energy system construction, enhancing efficiency in capacity approval and project development [3] - Demand for coal is increasing due to the rapid growth in global AI computing infrastructure, with coal power being a core support for computing supply [3] - The macroeconomic environment is characterized by a loosening of global liquidity, which, combined with energy supply guarantees and economic recovery, supports the valuation uplift of the coal sector [3] Group 3: Restaurant Industry Outlook - The restaurant industry is at a critical turning point, with expectations for valuation recovery driven by fundamental improvements, ongoing policy support, and price mechanism restoration [2] - The sector is benefiting from a strong focus on service consumption, making it a clear beneficiary of consumption stimulus policies [2] - Continued recovery in restaurant revenue and same-store performance is anticipated from the second half of 2025 [2]