Market Overview - On December 16, the Shanghai Composite Index fell by 1.11%, the CSI 300 decreased by 1.2%, the STAR 50 dropped by 1.94%, the CSI 1000 declined by 1.74%, the ChiNext Index fell by 2.1%, and the Hang Seng Index decreased by 1.54% [2][3] - The best-performing sectors on December 16 were retail (+1.32%), beauty care (+0.66%), and social services (+0.13%), while the worst-performing sectors included telecommunications (-2.95%), conglomerates (-2.81%), non-ferrous metals (-2.81%), power equipment (-2.66%), and media (-2.41%) [2][3] - The total trading volume for the A-share market on December 16 was 1,748.1 billion yuan, with a net inflow of 0.82 million Hong Kong dollars from southbound funds [2][3] Important Recommendations Jiemai Technology (002859) - The recovery in downstream industry demand is driving a rebound in the basic carrier tape market, alongside breakthroughs in high-end domestic substitutes for release films and initial contributions from new energy materials [4] - Projected revenues for 2025-2027 are 2,099 million, 2,612 million, and 3,236 million yuan, with revenue growth rates of 15.51%, 24.46%, and 23.88% respectively. Net profits are expected to be 258 million, 370 million, and 514 million yuan, with growth rates of 27.64%, 43.27%, and 39.15% respectively [5] Far East Holdings (600869) - The traditional business is showing continuous improvement, while new AI business is expected to contribute to performance and valuation flexibility [6] - The company has achieved global leadership in AI chip supply for high-speed copper cables, smart driving data transmission lines, and connectors, focusing on innovative materials for next-generation chip liquid cooling [7] - Projected revenues for 2025-2027 are 29,177.12 million, 33,752.51 million, and 37,604.91 million yuan, with growth rates of 11.82%, 15.68%, and 11.41% respectively. Net profits are expected to be 295.24 million, 724.60 million, and 1,158.48 million yuan, with growth rates of - and 145.42%, and 59.88% respectively [7] Key Insights - The macroeconomic outlook indicates that policies aimed at stabilizing industrial growth while promoting transformation and countering "involution" will help solidify the industrial economy's foundation. If exports remain resilient, it could positively support industrial production [8][9] - There is a more optimistic view on the potential for a strong start in the first quarter of the following year compared to market expectations [9]