行业周观点：2025年第六期：2月10日-2月14日

Group 1: Lithium Battery - The lithium battery index increased by 2.15%, outperforming the CSI 300 index which rose by 1.19% [2][11] - The global market for electric vehicle power batteries is expected to reach approximately 894.4 GWh in 2024, representing a year-on-year growth of 27.2% [12] - The prices of battery-grade lithium carbonate and lithium hydroxide have shown slight declines, with prices at 77,600 CNY/ton and 73,900 CNY/ton respectively [12] Group 2: Chemical Industry - The CITIC basic chemical industry index rose by 1.23%, slightly underperforming the CSI 300 index [3][14] - The potassium fertilizer sector is highlighted for its strong resource attributes and tightening supply-demand dynamics, which may drive prices higher [15][16] - The polyester filament industry is expected to see rapid growth in production and demand due to a recovery in the textile and apparel sector [15][16] Group 3: New Materials - The new materials index decreased by 0.11%, underperforming the CSI 300 index [4][18] - The rapid development of downstream sectors such as commercial aerospace and humanoid robots is expected to drive demand for upstream new materials [19] - Investment focus is suggested on thermal barrier coatings, rare earth permanent magnet materials, and high-temperature superconducting materials [19] Group 4: Light Industry Manufacturing - The light industry manufacturing index increased by 1.42%, outperforming the CSI 300 index by 0.23 percentage points [5][21] - Price increases for cultural paper and corrugated paper products are anticipated due to rising raw material costs [23] - The home improvement sector is expected to benefit from government initiatives aimed at boosting domestic consumption [23] Group 5: Agriculture, Forestry, Animal Husbandry, and Fishery - The index for agriculture, forestry, animal husbandry, and fishery rose by 0.98%, underperforming the CSI 300 index [6][26] - The pork market is experiencing limited price increase potential due to stable supply and lack of significant demand from downstream customers [27] - The white feather broiler market is expected to strengthen, with improved operational rates among key slaughter enterprises [28][29] Group 6: Machinery - The CS machinery index decreased by 0.07%, underperforming the CSI 300 index by 1.26 percentage points [31] - The sales of excavators and loaders showed slight year-on-year growth, indicating a stable market [33] - Investment recommendations include traditional engineering machinery and high-speed rail equipment with stable fundamentals [33] Group 7: Photovoltaics - The photovoltaic industry index fell by 2.87%, underperforming the CSI 300 index [8][35] - The market for polysilicon remains stable, with significant price variations among different suppliers [36] - Investment focus is suggested on leading companies in the photovoltaic materials sector, particularly those with clear capacity reduction expectations [36] Group 8: Electric Power and Utilities - The electric power and utilities index increased by 0.08%, underperforming the CSI 300 index [9][39] - The acceleration of market-oriented reforms in the electricity sector presents new development opportunities [40] - Investment recommendations include large hydropower and nuclear power enterprises with strong dividend yields [40] Group 9: Media - The media index increased by 9.87%, significantly outperforming the CSI 300 index [9][43] - The success of animated films like "Nezha" indicates a strong supply-driven market in the film industry [44] - Investment focus is suggested on the IP industry chain, particularly in light of the growing consumer willingness to pay for quality IP derivatives [46]