6月金股，攻守兼备

Macro Analysis - The current macro variables affecting the market are internal demand recovery, policy implementation effects, and external environment changes[5] - The easing of US-China tariff negotiations helps alleviate pressure on the fundamentals and market risk appetite, but the long-term relationship remains competitive[10] - The economy is in an L-shaped recovery, with manageable short-term pressures on foreign trade and employment, while low inflation remains a core challenge[10] Policy Insights - The policy focus is on the effectiveness of existing policies and the preparation of incremental tools to address short- and medium-term economic challenges[11] - The asset allocation strategy suggests a high probability of A-share market fluctuations, emphasizing structural opportunities and a "barbell" investment approach[11] Company Performance Highlights - Yipuli (002096.SZ) achieved a revenue of CNY 8.546 billion in 2024, a year-on-year increase of 1.40%, with a net profit of CNY 713 million, up 12.49%[12] - Huaitong (688219.SH) reported a revenue of CNY 6.088 billion in 2024, a 13.81% increase, and a net profit of CNY 194 million, up 32.04%[16] - Haige Communication (002465.SZ) is set to launch the "Jiutian" drone, which has a maximum takeoff weight of 16 tons and a range of 7000 km, enhancing its market position in low-altitude economy[20] Industry Trends - The chemical industry is seeing stable profitability with a focus on cost reduction and efficiency improvements, particularly in the modified plastics sector[17] - The IVD sector is experiencing steady growth, with a compound annual growth rate (CAGR) of 18% from 2019 to 2023, driven by advancements in technology and product offerings[26] - The demand for modified plastics is expected to rise due to the ongoing trends in the home appliance and automotive sectors, with a projected increase in production of 6.95 billion units of major appliances in 2024, up 7.4% year-on-year[17] Risk Factors - Potential risks include insufficient policy support, slower-than-expected economic recovery, and volatility in raw material prices[8] - The low-altitude economy's development may not meet expectations, and competition in the drone market is intensifying[24]