Group 1 - The core viewpoint is that the chemical industry is expected to gradually recover from its current bottoming-out phase, supported by improving supply and stable demand conditions [1] - On the supply side, domestic capital expenditure has entered the second half, and the trend of "anti-involution" is progressing, indicating a positive outlook for supply support [1] - On the demand side, domestic demand is stabilizing, and the rising expectations of interest rate cuts by the Federal Reserve may bolster future demand expectations and the actual economic fundamentals [1] Group 2 - The Chemical Leader ETF (516220) tracks a specific chemical index (000813), which selects listed companies from various sub-industries such as fertilizers, pesticides, and coatings to reflect the overall performance of the chemical sector [1] - The sub-industry chemical index focuses on the chemical industry and includes several important sub-industries, with constituent stocks primarily chosen for their industry representation [1] - The index aims to showcase the market value and growth potential of the chemical industry [1]