新材料行业月报：《铝产业高质量发展实施方案》印发，上海集成电路产投基金三期成立

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the new materials industry [2][5]. Core Insights - The new materials index outperformed the CSI 300 index in March, with a rise of 1.67% compared to the CSI 300's 1.09%, marking a 0.58 percentage point advantage [5][10]. - The new materials sector is expected to continue its growth trajectory, driven by increasing demand from the manufacturing industry and the integration of technologies such as artificial intelligence [5][21]. - The overall valuation of the new materials index, with a PE ratio of 26.68, is at the 80.40 percentile of historical valuations since 2022, indicating a rapid recovery in sector valuation [5][21]. Summary by Sections Industry Performance Review - The new materials index showed a strong performance in March, with a trading volume of 10,588.61 billion yuan, reflecting a 5.81% decrease from the previous month [10]. - In March, 101 out of 170 stocks in the new materials sector increased in value, with the top gainers being Yunlu Co. (25.41%), Baotai Co. (25.13%), and Haiyou New Materials (24.79%) [17][20]. Key Industry Data Tracking - In March, basic metal prices generally increased, with copper rising by 6.42% and tin by 8.50% [5][36]. - Global semiconductor sales reached $56.52 billion in January, marking a 17.9% year-on-year increase [5][41]. - The export volume of superhard materials and products in January-February was 29,000 tons, a 5.74% increase year-on-year, but the export value fell by 23.37% [5][49]. Industry Dynamics - The report highlights the establishment of the Shanghai Integrated Circuit Investment Fund Phase III and the issuance of the "Implementation Plan for High-Quality Development of the Aluminum Industry," indicating ongoing policy support for the sector [1][5]. - The integration of AI technologies is expected to drive innovation and growth within the new materials industry [5][47].