Summary of Key Points from Conference Call Records Industry Overview - The market is experiencing a weak sentiment due to the collapse of high-level stocks, leading to a comprehensive retreat in the market. The direct cause of this weakness is linked to the monitoring of Wangzi New Materials, which did not meet the conditions for abnormal fluctuations. The underlying reason is attributed to a significant emotional downturn on the previous Thursday, marked by the drop of Yong'an Pharmaceutical, indicating a risk release that was not adequately addressed before the market's strong performance on Friday. [1] Company Insights 1. Yuyin Co., Ltd. - Yuyin Co., Ltd. is identified as a key stock in the stablecoin sector, with its strength dependent on the overall strength of the sector. There is a high expectation for stablecoins to become the main line of a new cycle, making Yuyin Co., Ltd. a valuable speculative opportunity post-opening. Notably, Yuyin Co., Ltd. showed proactive movement ahead of the sector's explosion, indicating a potential for higher gains. [5] 2. Hopu Co., Ltd. - The speculation around stablecoins has two branches: blockchain technology and Real World Assets (RWA). RWA is expected to attract more funding attention. The essence of RWA and asset securitization is similar, transforming real assets into tradable "digital fragments" using blockchain technology. The core beneficiaries are platforms like Ant Group and JD Finance. Given the lack of related stocks in the A-share market, attention is drawn to partners of Ant Group and JD Finance, with Hopu Co., Ltd. positioned advantageously due to its smaller size and chip advantages. [5] 3. Lianchuang Optoelectronics - The company is positioned in the drone market, which has become a significant force in modern warfare, especially highlighted by recent conflicts. The upcoming first flight of the "Jiu Tian" drone in June is expected to stimulate interest in drone-related stocks. Lianchuang Optoelectronics specializes in laser weapons, which offer advantages such as low collateral damage, low cost, and quick response times, making them ideal for countering drones. The company’s laser products, including the Guangren-1 laser countermeasure system, have passed acceptance tests, and future demand from both domestic and foreign markets is anticipated to drive growth. [6] Market Trends - The market is expected to enter a repair phase post-holiday, with a focus on new cycles, particularly in stablecoins. Although there were significant divergences in the stablecoin sector, the strength observed is the highest among all sectors. If consensus can be reached, stablecoins are likely to confirm their position as the main line of the new cycle. [1] Additional Observations - The defense sector, particularly in drones, is gaining attention due to recent developments. The potential for logistics vehicles to experience a rebound is also noted. [1]