Market Overview - The market opened lower on Monday, but the decline was limited, and the index managed to stabilize as market sentiment gradually improved [1][3] - Small-cap stocks showed remarkable performance, with more stocks rising than falling, indicating a potential recovery in the market [3] Sector Performance - The port and shipping sector led the gains, with stocks such as Lianyungang Port, Ningbo Shipping, and Zhuhai Port hitting the daily limit [5] - Real estate stocks also saw increases, with companies like Konggang Co., Shahe Co., and Rongsheng Development reaching their daily limits [5] Market Sentiment - The current market is experiencing a "five poor" period, characterized by low trading volumes and pessimistic sentiment, which may present opportunities for institutional investors to accumulate positions [7] - The market is still below the 4000-point mark, suggesting a strategy of patience and value investing may be prudent during this uncertain period [7] Declining Stocks - PEEK material concept stocks led the decline, with companies like Shuanglin Co. and Weike Technology dropping over 5% [8] - Robotics stocks also fell, with Longxi Co. hitting the limit down and others like Riying Electronics and Yian Technology dropping over 8% [8]

Investment Rating - The industry investment rating is Neutral (maintained rating) [5] Core Viewpoints - In Q1 2025, the proportion of public fund holdings in the basic chemical sector slightly increased quarter-on-quarter but decreased year-on-year, with a market value proportion of 3.32% [2][13] - The basic chemical stocks accounted for 3.53% of the A-share market, showing a year-on-year decrease of 0.11 percentage points [2][13] - The number of stocks held by public funds in the basic chemical sector reached 146, an increase of 4 stocks year-on-year and 21 stocks quarter-on-quarter [3][20] Summary by Sections 1. Event - Public funds are required to disclose their top ten heavy stocks within 15 days after the end of each quarter, and the report analyzes the top heavy stocks in the basic chemical industry for Q1 2025 [1][12] 2. Holdings Change - The heavy stock holding ratio in the basic chemical sector increased slightly by 0.05 percentage points quarter-on-quarter but decreased by 0.49 percentage points year-on-year [2][13] - The basic chemical industry is underweighted by 0.2%, with a quarter-on-quarter decrease of 0.04 percentage points [2][13] - The oil and chemical sector saw a significant increase in public fund holdings since Q3 2020, but the proportion dropped to 0.4% in Q1 2025, a decrease of 0.74 percentage points year-on-year [2][18] 3. Individual Stock Analysis - The top five heavy stocks in Q1 2025 are Wanhua Chemical, Juhua Co., Sailun Tire, Hualu Hengsheng, and Satellite Chemical, with Satellite Chemical replacing China National Petroleum in the top five [4][29] - The number of companies in the agricultural chemical sector remains the highest among the top 50 heavy stocks, with 9 companies, accounting for 18% [4][29] 4. Market Preference Analysis - The proportion of holdings in industry leaders has decreased, with a shift towards small and mid-cap stocks [5] - Stocks with a market capitalization of over 500 billion accounted for 33.7% of the total market value of the top 50 chemical stocks, a decrease of 7.49 percentage points [5]