行业周观点：2024年第三十七期：10月8日-10月11日

Industry Overview - The new materials index fell by 4.79%, underperforming the CSI 300 index which declined by 3.25%. The adjustment in the new materials index post-National Day indicates weaker performance compared to the broader market. Long-term growth is expected in the new materials sector due to increasing demand from China's manufacturing industry, with a focus on semiconductor materials like electronic special gases and photoresists, which have high technical difficulty and low domestic substitution rates [1][14] - The non-ferrous metals index decreased by 6.08%, ranking 22nd among 30 industries. Key sub-sectors such as aluminum, nickel-cobalt-tin-antimony, and lithium saw significant declines. Despite a weak fundamental outlook, expectations for economic recovery are rising, suggesting investment opportunities in copper, aluminum, and gold sectors [1][15] - The light industry manufacturing index dropped by 7.00%, underperforming the CSI 300 index by 3.75 percentage points. The paper sector is experiencing price adjustments due to rising raw material costs, while the home furnishing sector may benefit from supportive real estate policies and consumption incentives [1][16] Specific Sectors Lithium Battery - The lithium battery index fell by 6.70%, underperforming the CSI 300 index. Despite this, there are short-term investment opportunities in the sector based on industry dynamics and price trends [2][12] Agriculture, Forestry, Animal Husbandry, and Fishery - The agriculture, forestry, animal husbandry, and fishery index decreased by 7.43%, with all sub-sectors declining. The pig farming sector is expected to see a cyclical rebound, while the pet food sector is experiencing rapid growth [4][18] Food and Beverage - The food and beverage sector declined by 7.39%, with a recommendation to focus on stable, high-dividend companies and high-growth segments like health products and snacks for investment opportunities in the second half of 2024 [5][19] Securities - The securities index showed a mixed performance with a notable rebound post-National Day, suggesting a good opportunity for right-side positioning in the sector. Attention is recommended for leading brokerages and those with valuations significantly below the sector average [6][21] Automotive - The automotive sector fell by 4.31%, with a focus on the impact of new intelligent models being launched. Investment opportunities are seen in autonomous brands and intelligent components as the sector continues to evolve [7][22] Photovoltaics - The photovoltaic sector decreased by 6.31%, with significant trading volume. Long-term attention is advised for key players in photovoltaic glass, integrated components, and polysilicon materials as the market stabilizes [8][9][22] Power and Utilities - The power and utilities sector fell by 4.33%, with a focus on water and nuclear power companies showing strong profitability. Long-term investment opportunities are suggested for stable, high-dividend companies in these areas [9][10] Media - The media sector dropped by 8.40%, with all sub-sectors declining. Future growth is anticipated in areas benefiting from government policies aimed at boosting domestic consumption [10][11] Computer - The computer sector outperformed the CSI 300 index, driven by developments in AI and domestic software systems. Continued attention is warranted for companies involved in these technological advancements [11][12] Communication - The communication sector increased by 8.93%, with significant trading volume and a focus on high-dividend companies. Investment opportunities are seen in telecom operators and optical communication sectors [12][13]