Group 1: AI Products - The article discusses the intensive release of edge AI products, highlighting the growing trend in the technology sector [34]. Group 2: Military Industry Insights - Insights on the military industry are presented, focusing on recent developments and trends that may impact investment opportunities [6][7]. Group 3: Industry Configuration Model - A review and update of the industry configuration model is scheduled, indicating ongoing analysis and adjustments in response to market conditions [35]. Group 4: Exhibition Management Discussion - A discussion with the management of Miao Exhibition is planned, which may provide insights into the service industry and its current challenges [34]. Group 5: Chemical Industry Investment Opportunities - An exchange on investment opportunities in the chemical industry for 2026 is set, suggesting potential growth areas for investors [34]. Group 6: Retail Changes - A session discussing new changes in the retail sector is scheduled, reflecting shifts in consumer behavior and market dynamics [34].

Group 1 - The report on He Yuan Bio focuses on in-depth analysis and insights into the agricultural sector, highlighting key trends and potential investment opportunities [1][29]. - The report on COSCO Shipping Specialties discusses the logistics and transportation industry, providing an overview of market dynamics and future outlook [1][29]. - The industry allocation model review and update series aims to provide a comprehensive assessment of various sectors, helping investors make informed decisions [1][29]. Group 2 - The report on Connoa presents detailed findings in the pharmaceutical industry, emphasizing growth prospects and market challenges [1][29]. - The series on new opportunities in leading new energy companies explores emerging trends and investment potential within the renewable energy sector [1][29]. - The fundamental background and investment outlook for Shoucheng Holdings are discussed, offering insights into the financial sector and its performance [1][29].

Group 1 - The article discusses the ongoing competition among major players in the large model sector, highlighting the significance of advancements in artificial intelligence and machine learning technologies [26]. - It outlines a series of online meetings scheduled for late November, focusing on various investment opportunities across different sectors, including banking, non-banking, and chemical industries [26]. - The meetings will feature insights from leading analysts in their respective fields, providing a comprehensive overview of market trends and investment strategies [26]. Group 2 - The first meeting on November 24 will cover the competition among tech giants in large models, led by the chief analyst in the computer industry [26]. - The second meeting on November 25 will review and update the industry allocation model, presented by the chief analyst in quantitative finance [26]. - The third meeting on November 27 will focus on investment opportunities in the banking and non-banking sectors for the fourth quarter, led by the chief analyst in finance [26]. - The fourth meeting on November 28 will explore investment opportunities in the phosphate chemical sector, featuring insights from both the assistant director and a chemical analyst [26]. - The final meeting on November 28 will provide perspectives on the electronics industry, presented by the chief analyst in electronics [26].

Group 1 - The article discusses a series of online meetings focusing on various industry topics, including industry configuration models, new opportunities in the renewable energy sector, humanoid robots, engineering machinery updates, and high-end consumer recovery [1][24]. - The meetings are scheduled for November 18-20, featuring different analysts as speakers, each presenting insights into their respective fields [1][24][25]. Group 2 - The first meeting on November 18 will cover the review and update of industry configuration models, led by Liu Xiaofeng, the Chief Analyst of Quantitative Engineering [1][24]. - The second meeting on November 19 will focus on new opportunities in leading renewable energy companies, presented by Liu Qiang, Assistant Dean and Chief Analyst of Electric New Energy [1][24][25]. - The third meeting on November 19 will discuss the peak moment for humanoid robots, with insights from Liu Hongchen, Chief Analyst of the Automotive sector [1][24][25]. - The fourth meeting on November 20 will provide updates and outlooks on engineering machinery, presented by Zhang Fenglin, a Machinery Analyst [1][24][25]. - The final meeting on November 20 will explore the recovery of high-end consumption and identify low-position improvement varieties, led by Guo Mengjie, Chief Analyst of Food and Beverage [1][24][25].

Quantitative Models and Construction - **Model Name**: Industry Allocation Model Based on Profit Growth Rate **Model Construction Idea**: The model uses profit growth rate as the primary criterion for industry selection, supplemented by valuation and trading crowding metrics as risk indicators[7][27][29] **Model Construction Process**: 1. **Profit Growth Metrics**: - Single-quarter net profit year-on-year growth rate - Marginal change in single-quarter net profit year-on-year growth rate Formula for marginal change: $ \text{Marginal Change} = \text{2025 Q3 Single-quarter YoY Growth} - \text{2024 Q3 Single-quarter YoY Growth} $[15][29] 2. **Valuation Metric**: - Historical PE_TTM percentile (2020 to present) is used to measure valuation levels across industries[18][21][29] 3. **Trading Crowding Metric**: - Standard deviation of turnover rate over the past three months is calculated to assess trading crowding[6][24][29] 4. **Comprehensive Scoring**: - Each metric is ranked, and weights are assigned: - Profit growth metrics: 0.3 each - Risk metrics (valuation and trading crowding): 0.2 each Formula for comprehensive scoring: $ \text{Comprehensive Score} = 0.3 \times \text{Net Profit YoY Growth} + 0.3 \times \text{Marginal Change} + 0.2 \times \text{Valuation Percentile} + 0.2 \times \text{Turnover Rate Std Dev} $[31][32] **Model Evaluation**: The model effectively identifies industries with high profit growth and moderate risk levels, providing actionable allocation recommendations[7][27][32] Model Backtesting Results - **Industry Allocation Model**: - Portfolio return: 2.38% - Benchmark (Wind All A Index) return: 0.63% - Excess return: 1.75%[7][32] Quantitative Factors and Construction - **Factor Name**: Profit Growth Rate **Factor Construction Idea**: Measures industry profitability through single-quarter net profit growth and marginal changes in growth rates[7][29] **Factor Construction Process**: 1. Single-quarter net profit year-on-year growth rate 2. Marginal change in single-quarter net profit year-on-year growth rate Formula: $ \text{Marginal Change} = \text{2025 Q3 Single-quarter YoY Growth} - \text{2024 Q3 Single-quarter YoY Growth} $[15][29] **Factor Evaluation**: Effectively captures industries with strong profitability and growth momentum[7][29] - **Factor Name**: Valuation Percentile **Factor Construction Idea**: Uses historical PE_TTM percentiles to compare valuation levels across industries[18][21] **Factor Construction Process**: 1. Calculate PE_TTM for each industry 2. Determine historical percentile (2020 to present) for PE_TTM values[18][21] **Factor Evaluation**: Provides a standardized comparison of valuation levels across industries, mitigating biases from absolute PE differences[21][29] - **Factor Name**: Turnover Rate Standard Deviation **Factor Construction Idea**: Measures trading crowding by assessing the volatility of turnover rates over the past three months[6][24] **Factor Construction Process**: 1. Calculate daily turnover rates for each industry over the past three months 2. Compute standard deviation of turnover rates[6][24] **Factor Evaluation**: Identifies industries with extreme trading behaviors, serving as a risk indicator[6][24] Factor Backtesting Results - **Profit Growth Rate Factor**: - Steel: 203.31% YoY growth, 380.75% marginal change[10][15] - Electronics: 57.42% YoY growth, 59.99% marginal change[10][15] - Media: 58.63% YoY growth, 82.75% marginal change[10][15] - Defense: 29.52% YoY growth, 83.60% marginal change[10][15] - Utilities: 17.77% YoY growth, 19.81% marginal change[10][15] - **Valuation Percentile Factor**: - Steel: 99.72%[21][29] - Electronics: 98.94%[21][29] - Media: 90.40%[21][29] - Defense: 97.10%[21][29] - Utilities: 55.31%[21][29] - **Turnover Rate Standard Deviation Factor**: - Steel: 50.48%[6][29] - Electronics: 96.51%[6][29] - Media: 84.50%[6][29] - Defense: 82.79%[6][29] - Utilities: 25.21%[6][29]

Group 1 - The core viewpoint of the article discusses the seasonal rebound of CPI and the narrowing decline of PPI in September's inflation data [3][38]. - The article highlights the pressures on the pig farming industry due to "pig prices, pandemic, and regulation," leading to a reduction in production capacity [8][39]. - It mentions the upcoming discussions on various industry investment opportunities, including machinery sales data and chemical industry prospects [15][35]. Group 2 - The article outlines a series of webinars focusing on different sectors, including consumer valuation shifts and opportunities in the chemical industry for the fourth quarter [30][35]. - It emphasizes the importance of understanding market dynamics and seasonal trends in making informed investment decisions [3][39]. - The discussions will feature insights from industry analysts, providing a comprehensive overview of current market conditions and future outlooks [39][40].

Group 1: Company Events and Themes - The company "蜂助手" is focusing on AI edge computing and chip communication through a private placement [3][39] - A deep report on the upstream life sciences industry is scheduled, indicating a focus on healthcare and pharmaceuticals [7][39] - An update on the color metal industry is planned, reflecting ongoing developments in materials science [19][39] Group 2: Financial Analysis and Recommendations - A mid-term report analysis of 兴业银行 (Industrial Bank) will be conducted, highlighting its investment value [22][39] - A discussion on the pharmaceutical industry and updates on 华领医药 (Hualing Pharmaceutical) is set, suggesting potential investment opportunities in healthcare [28][39] - An electronic industry outlook report is scheduled, indicating a focus on technology and electronics sectors [34][39]

Group 1 - The article discusses a series of upcoming online meetings focused on various sectors, including renewable energy, AI, and the electronic industry [1][22]. - The first meeting on September 29 will cover "Renewable Energy + AI" led by Liu Qiang, the Chief Analyst of the Electric New Industry [1][22]. - The second meeting on the same day will focus on "Industry Configuration Model Review and Update Series" led by Liu Xiaofeng, the Chief Analyst of Financial Engineering [1][22]. Group 2 - An electronic industry investment outlook meeting is scheduled for September 30, featuring Zhang Shijie, the Chief Analyst of the Electronic Industry [1][12]. - A deep dive into the new stock of "Laoxiangji" will take place on October 10, presented by Guo Mengjie and Lin Xuxi, analysts in the food and beverage sector [1][20].

Group 1 - The core viewpoint of the article emphasizes the strategic focus of Aima Technology on the "her economy," targeting female consumers in the two-wheeler market, while the three-wheeler business is expected to contribute additional growth [27][28]. Group 2 - The article outlines a series of upcoming online meetings covering various topics, including the progress of the AI industry in the US, analysis of the current housing sales system, and insights into the global interconnect chip leader, Lanqi Technology [27][28].

Group 1 - The article discusses the rising trend in health beverage consumption, particularly highlighting the coconut water market as a golden opportunity for investment [1] - It emphasizes the importance of understanding consumer preferences and market dynamics in the health beverage sector [1] - The report suggests that companies involved in coconut water production are well-positioned to capitalize on this growing trend [1] Group 2 - The article outlines a series of upcoming webinars focusing on various sectors, including food and beverage, petrochemicals, and electric vehicles, indicating a broad interest in industry analysis [1] - Each webinar features expert analysts who will provide insights and updates on their respective fields, showcasing the company's commitment to delivering in-depth research [1] - The scheduled topics include the latest developments in electric vehicles and investment opportunities in the chemical industry, reflecting current market interests [1]