基础化工行业周报：持续关注“新基建”核心标的

Investment Rating - The report maintains an "Overweight" investment rating for the chemical industry [1]. Core Insights - The chemical sector presents continuous investment opportunities, characterized by a long industrial chain and broad downstream applications. The report identifies four investment paradigms: cyclical prosperity, track growth, volume growth, and value dividends, which correspond to price, valuation, volume, and dividends [3]. - Nuclear power investment is entering an accelerated phase, with significant government approvals for new projects, indicating a robust growth outlook for related sectors such as geotechnical engineering [4]. - The report highlights the strategic positioning of Zhongyan Dadi in the nuclear power and port geotechnical engineering sectors, with substantial project wins and collaborations that enhance growth potential [5]. - The report suggests focusing on growth opportunities in the copper interconnection industry and other emerging technologies, emphasizing the importance of evaluating specific stocks based on their current valuation positions [6]. - The investment strategy encourages tracking high-quality stocks while awaiting upward market opportunities [7]. Summary by Sections Chemical Industry Overview - The chemical sector includes 563 listed companies, with 20 "ten-bagger" stocks emerging since 2020, showcasing its potential for high returns [3]. Nuclear Power and Geotechnical Engineering - Following a long stagnation post-Fukushima, China's nuclear power sector is set for rapid development, with recent approvals for multiple projects and expected annual sales of 250 billion yuan from 2022 to 2024, increasing to 480 billion yuan from 2025 to 2027 [4]. Strategic Focus Areas - Zhongyan Dadi has secured significant contracts in nuclear power and is well-positioned to benefit from the ongoing expansion of major ports, with planned investments of 6.5 billion yuan for the Zhoushan Port project [5]. Investment Recommendations - The report advises investors to focus on high-potential sectors such as copper interconnection and advanced materials, with specific stock recommendations based on their growth trajectories and market conditions [6][7].