新材料行业月报：两部委印发新材料中试平台建设指南，前三季度我国集成电路出口增长22%

Investment Rating - The report maintains an "Outperform" rating for the new materials industry [2][3]. Core Insights - The new materials sector outperformed the CSI 300 index in September 2024, with the new materials index rising by 23.93%, exceeding the CSI 300's increase of 20.97% by 2.96 percentage points [5][10]. - The new materials index's price-to-earnings ratio (TTM, excluding negative values) reached 25.34 times as of September 30, 2024, reflecting a 29.34% month-on-month increase and positioning it at the 67.60% historical percentile since 2021 [2][10]. - The growth in the semiconductor materials segment continues, with China's semiconductor sales increasing for ten consecutive months, reaching $15.48 billion in August, a year-on-year growth of 19.2% [2][14]. - The export volume of superhard materials increased by 23.80% year-on-year in August, although the export value decreased by 7.20% [2][14]. - The prices of rare gases showed a slight decline in September, with helium priced at 674 RMB per bottle, down 2.77% [2][14]. Summary by Sections 1. Industry Performance Review - The new materials index's performance in September was superior to the CSI 300, ranking 10th among 30 major sectors [5][6]. - The trading volume for the new materials sector in September was 602.59 billion RMB, a 26.7% increase month-on-month [5][6]. 2. Key Industry Data Tracking - Basic metal prices increased month-on-month in September, with copper rising by 7.09% and aluminum by 4.65% [20][21]. - The semiconductor materials segment saw a continuous increase in sales, with a global semiconductor sales figure of $53.12 billion in August, marking a 20.6% year-on-year growth [2][14]. - The export volume of superhard materials was 15,700 tons in August, with a year-on-year increase of 23.66% [2][14]. - The prices of rare gases experienced a slight decrease, with xenon at 31,367 RMB per cubic meter, down 6.50% [2][14]. 3. Industry Dynamics - The report highlights the ongoing demand for new materials driven by the expansion of China's manufacturing sector, indicating a positive long-term growth outlook [2][3].