中原证券行业周观点2024年第三十二期

Investment Ratings - The lithium battery sector is recommended for short-term investment opportunities due to its recent performance, with an index increase of 5.33% [1] - The new materials sector shows strong performance, with an index increase of 4.59%, suggesting a favorable investment outlook [1] - The agricultural, forestry, animal husbandry, and fishery sector outperformed the benchmark index by 1.69 percentage points, indicating potential investment opportunities [16] Core Insights - The lithium battery index outperformed the Shanghai and Shenzhen 300 index, indicating a positive trend in the sector [1] - The new materials sector is experiencing growth driven by domestic manufacturing upgrades and increasing demand for high-performance materials [1] - The medicinal sector has shown resilience with a 1.97% increase, suggesting potential for investment in companies with strong mid-year performance [18] Summary by Sector Lithium Battery - The lithium battery index increased by 5.33%, outperforming the Shanghai and Shenzhen 300 index [1] - The sector is encouraged by macro policies supporting the development of the new energy vehicle industry [10] New Materials - The new materials index rose by 4.59%, significantly outperforming the benchmark index [11] - Key sub-sectors such as organic silicon and lithium battery chemicals showed strong growth [11] Agricultural, Forestry, Animal Husbandry, and Fishery - The sector index increased by 1.52%, outperforming the benchmark index by 1.69 percentage points [16] - Recommendations include focusing on the recovering pig farming sector and the rapidly growing pet food market [16] Light Industry Manufacturing - The light industry manufacturing index rose by 3.30%, ranking fourth among 30 sectors [15] - Investment suggestions include companies with integrated advantages in pulp and paper production [15] Medicinal - The medicinal sector index increased by 1.97%, with notable performances in medical services and medical devices [18] - Short-term investment opportunities are suggested for companies with better-than-expected mid-year results [18] Securities - The securities sector showed signs of recovery with a 2.18% increase, indicating potential for further improvement if market activity remains stable [19] Machinery - The machinery sector index rose by 2.07%, with significant gains in sub-sectors like boiler equipment and forklifts [20] - Long-term recommendations focus on sectors benefiting from large-scale equipment updates [20] Photovoltaics - The photovoltaic sector increased by 5.43%, with a significant trading volume indicating strong market interest [22] - Long-term focus on leading companies in the photovoltaic supply chain is recommended due to their resilience [22]