Group 1: Wind Power Industry - The wind power industry is expected to see an annual new installed capacity of no less than 120GW during the "14th Five-Year Plan" period, with offshore wind power expected to reach at least 15GW, representing more than double the growth compared to the "13th Five-Year Plan" period [1] - The release of the "Beijing Wind Energy Declaration 2.0" and the recovery of wind turbine bidding prices to the range of 1500-1600 RMB/KW have alleviated pressures in the industry chain, with significant recovery in gross margins for wind turbine manufacturing expected by 2026 [1] - The profitability of component segments is also anticipated to remain at a high level [1] Group 2: Solid-State Battery Industry - The industrialization process of solid-state batteries is accelerating, with breakthroughs in key technologies such as anion regulation to solve the "solid-solid contact" issue [1] - Chery Automobile showcased a solid-state battery module with an energy density of 600Wh/kg and plans to conduct vehicle validation by 2027 [1] - Guoxuan High-Tech has initiated the design of a 2GWh production line and is in the pilot production stage, with leading companies like CATL expected to improve profitability, benefiting equipment manufacturers with core technological capabilities during the upcoming mass production window [1] Group 3: Pharmaceutical and Biotechnology Sector - The pharmaceutical and biotechnology sector is expected to focus on research and innovation during the "14th Five-Year Plan" period, with advancements in artificial intelligence and smart manufacturing significantly enhancing new drug development speed and outcome conversion rates [2] - The number of clinical trial registrations for domestic innovative drugs has seen a compound annual growth rate of 15%, with overseas business development accounting for 42% of the global total [2] - The industry is transitioning from "Me-too" drugs to first-in-class (FIC) and best-in-class (BIC) innovations, with several cutting-edge areas such as dual antibodies, antibody-drug conjugates (ADC), small nucleic acid drugs, and cell gene therapy (CGT) entering a harvest phase [2] Group 4: ChiNext Index Performance - As of October 23, 2025, the ChiNext Index (399006) has decreased by 0.93%, with stocks showing mixed performance [3] - Tianhua New Energy (300390) led the gains with an increase of 7.80%, while Guibao Pet (301498) experienced the largest decline at 11.47% [3] - The ChiNext ETF (平安) has seen a decrease of 0.91%, with a recent price of 1.97 RMB, and a cumulative increase of 1.17% over the past week [3] Group 5: ChiNext ETF Performance Metrics - The ChiNext ETF (平安) has achieved a net value increase of 32.85% over the past three years, ranking among the top two comparable funds [4] - The ETF's highest single-month return was 37.37%, with a maximum consecutive monthly gain of 67.00% [4] - The ETF has a management fee rate of 0.15% and a custody fee rate of 0.05%, which are the lowest among comparable funds [4] Group 6: Top Holdings in ChiNext Index - As of September 30, 2025, the top ten weighted stocks in the ChiNext Index (399006) accounted for 57.49% of the total index weight [5] - The top holdings include CATL (300750), Zhongji Xuchuang (300308), and Dongfang Wealth (300059), among others [5]

Core Viewpoint - The Fourth China-Central and Eastern European Countries Expo and International Consumer Goods Expo is being held in Ningbo, Zhejiang, from May 22 to 25, aiming to foster cooperation and new opportunities with European partners [1]. Group 1: Event Overview - The expo is expected to attract over 15,000 professional visitors, including more than 3,000 overseas buyers from 72 countries and regions, with anticipated import procurement intentions exceeding 10 billion yuan from Central and Eastern Europe [1]. - Slovenia and Slovakia are the guest countries, while Heilongjiang Province is the theme province. The total exhibition area is 80,000 square meters, divided into Central and Eastern European exhibition areas and export consumer goods exhibition areas [1]. Group 2: Exhibition Areas - The exhibition is divided into four display sections: "Dynamic Highlights," focusing on guest countries and provincial showcases; "Smart Central and Eastern Europe," highlighting AI and smart manufacturing; "Charming Central and Eastern Europe," showcasing cultural arts; and "Quality Central and Eastern Europe," featuring immersive cooking and craftsmanship demonstrations [2]. - The export consumer goods exhibition area, covering 60,000 square meters, includes 1,028 enterprises from across the country, showcasing advantageous industries and consumer products, divided into four sections: consumer goods, home products, smart products, and green products [2]. Group 3: Activities and Engagement - The expo will focus on economic and trade activities, encompassing education, culture, and sports, with a structured program of "11+4+N" activities designed to enhance engagement [4]. - The "11" refers to key activities within the expo framework, including the opening ceremony, four trade negotiation events, three investment promotion activities, and three cultural exchange events [4]. - The "4" indicates concurrent institutional activities, such as the China-Central and Eastern European Countries Joint Chamber of Commerce meeting and the 2025 China-Central and Eastern European Countries Mayors Forum [4]. - The "N" represents over 50 specialized matchmaking events aimed at exploring cooperation opportunities across various sectors and countries [4].