【申万宏源策略】周度研究成果（3.3-3.9）

Core Viewpoint - The article emphasizes the importance of systematic and practical approaches in investment strategies, particularly focusing on the support for key industries and the development of the private economy in China [1]. Weekly Review - A supportive resonance has been formed, indicating a positive trend in the market [4]. - The PMI for production prices is below 50 but shows a month-on-month recovery, with large manufacturing enterprises outperforming small and medium-sized ones [12]. Special Research - The article highlights the comprehensive policy support for key industries such as artificial intelligence and emphasizes the need for solid measures to promote the development of the private economy [8]. - The capital market continues to receive policy attention, with a focus on promoting the real estate and stock markets more vigorously [8]. Industry Trends - The article discusses the performance of various industries based on the PB-ROE framework, identifying characteristics of industries with the strongest growth in the previous year [9]. - It provides a detailed analysis of the performance of different sectors over the years, noting that high ROE and low PB sectors have shown significant growth [10]. Market Indicators - The article presents various manufacturing core tracking indicators, indicating marginal improvements in supply and demand in the new energy sector, with sales in engineering machinery continuing to recover [12]. - It also discusses the price trends of key materials in the photovoltaic industry, noting a decrease in prices across various components [12]. Private Economy - The private enterprise index and the ChiNext index have increased by 47.7% and 43.8% respectively, signaling a boost in confidence for private enterprises, which play a crucial role in technological innovation and international competition in China [14].