行业周观点2024年第三十五期：9月18日-9月20日

Lithium Battery - The lithium battery index decreased by 0.93%, underperforming the CSI 300 index which increased by 1.32% [1] - Short-term investment opportunities in the sector are suggested due to the overall encouragement of macro policies for the new energy vehicle industry [10] New Materials - The new materials index rose by 0.4%, but still underperformed the CSI 300 index [12] - The semiconductor industry is expected to benefit from a rebound, with a focus on electronic specialty gases and photolithography materials [12] - The state emphasizes the strategic resource nature of high-precision diamond materials, suggesting investment in companies with R&D capabilities in functional diamonds [12] Nonferrous Metals - The nonferrous metals index increased by 5.27%, significantly outperforming the CSI 300 index [13] - Copper, aluminum, and tungsten saw notable increases of 8.90%, 7.09%, and 5.79% respectively, while lithium prices fell by 1.56% [13] - Investment opportunities are recommended in gold and copper sectors due to the complex international situation and expectations of continued monetary easing [13] Light Industry Manufacturing - The light industry manufacturing index rose by 1.67%, outperforming the CSI 300 index by 0.35 percentage points [15] - The paper industry is expected to see demand recovery as it transitions from off-peak to peak season, with a focus on companies with integrated advantages in pulp and paper [15] - The home furnishing sector is anticipated to benefit from policies promoting consumption upgrades [15] Agriculture, Forestry, Animal Husbandry, and Fishery - The agriculture, forestry, animal husbandry, and fishery index decreased by 0.33%, underperforming the CSI 300 index by 1.65 percentage points [16] - The pig farming sector is expected to see price stabilization and potential increases due to seasonal demand [16] - Investment opportunities are suggested in the poultry and pet food sectors, which are experiencing rapid growth [16] Pharmaceuticals - The CS pharmaceutical sector decreased by 0.79%, ranking last among 30 sectors [18] - Investment opportunities are highlighted in CXO services due to delays in U.S. biosecurity legislation discussions, as well as in traditional Chinese medicine and innovative drugs [19] Securities - The securities index showed strength after a period of narrow fluctuations, with a closing price reaching a new high since August [20] - If overall market trading volume increases, the securities sector may experience a recovery trend [20] Machinery - The CS machinery sector increased by 0.6%, underperforming the CSI 300 index [21] - Investment focus is recommended on sectors benefiting from large-scale equipment updates, particularly in shipbuilding and engineering machinery [21] Photovoltaics - The photovoltaic sector decreased by 0.87%, significantly underperforming the CSI 300 index [22] - Short-term price increases in polysilicon are noted, with expectations of a supply decrease in the fourth quarter [22] - Long-term investment is suggested in leading companies in photovoltaic glass, integrated components, and other related fields [22]