行业周观点：2024年第三十九期：10月21日-10月25日

Industry Overview - The new materials index increased by 6.96%, outperforming the CSI 300 index which rose by 0.79%. Sub-sectors such as organic silicon and carbon fiber showed significant gains [10] - The light industry manufacturing index rose by 6.78%, ranking third among 30 sectors, with notable increases in home furnishings (10.11%) and packaging printing (8.21%) [11] - The lithium battery index increased by 8.99%, continuing to outperform the CSI 300 index [2] - The agriculture, forestry, animal husbandry, and fishery index rose by 4.08%, with all sub-sectors showing varying degrees of increase, particularly in aquatic processing [13] - The securities index experienced a slight decline of 0.97%, underperforming the CSI 300 index [14] - The mechanical sector index rose by 4.3%, with strong performance in sub-sectors like boiler equipment and nuclear power equipment [16] - The photovoltaic industry saw a significant increase of 15.48%, with a notable rise in trading volume [18] - The electric power and public utilities sector increased by 1.36%, with a strong growth in electricity consumption [20] - The media sector index rose by 2.97%, with all sub-sectors except social and interactive media showing gains [21] - The telecommunications sector index increased by 2.75%, driven by demand for AI-related technologies and upgrades in data center networks [23] New Materials - The new materials sector is recognized as a crucial part of China's technological innovation, with a growing demand from the manufacturing industry. Focus is recommended on semiconductor materials with high technical difficulty and low domestic replacement rates [10] - The sub-sectors of organic silicon and carbon fiber led the gains, with organic silicon increasing by 14.96% and carbon fiber by 10.13% [10] Light Industry Manufacturing - The light industry manufacturing sector is experiencing a recovery, particularly in home furnishings due to recent interest rate cuts and consumption incentives [11][12] - The paper industry is seeing price adjustments, with packaging paper prices beginning to recover while cultural paper demand remains weak [11][12] Lithium Batteries - The lithium battery sector is expected to benefit from macro policies encouraging the development of the new energy vehicle industry, with a notable increase in sales in September 2024 [2][8] Agriculture, Forestry, Animal Husbandry, and Fishery - The pig farming sector is anticipated to see price increases in 2024 due to supply tightening and seasonal demand [13] - The white feather chicken market is also expected to stabilize, with potential price increases as the market adjusts [13] Securities - The securities sector is expected to see improved fundamentals as the equity market becomes more active, suggesting a good opportunity for right-side positioning [14][15] Mechanical Sector - The mechanical sector is showing growth in sub-sectors such as photovoltaic and lithium battery equipment, with recommendations to focus on undervalued stocks [16] Photovoltaic Industry - The photovoltaic sector is facing overcapacity but is receiving increased attention from investors due to low valuations and potential for market clearing [18] Electric Power and Public Utilities - The electric power sector is experiencing robust growth in electricity consumption, with significant increases in renewable energy installations [20] Media - The media sector is benefiting from a strong push towards technological innovation, particularly in AI, with recommendations to focus on gaming and cultural consumption [21] Telecommunications - The telecommunications sector is poised for growth driven by AI demand and infrastructure upgrades, with a focus on leading companies in optical communication [23]