Investment Rating - The report maintains a "Recommended" rating for the new materials industry [1]. Core Viewpoints - The new materials sector is a crucial direction for the chemical industry, currently experiencing rapid growth in downstream demand. With policy support and technological breakthroughs, domestic new materials are expected to accelerate their long-term growth. The new materials industry serves as a foundational industry, supporting other sectors such as electronic information, new energy, biotechnology, and environmental protection [4][16]. Summary by Sections 1. New Materials Industry Dynamics 1.1 Electronic Information Sector - On July 10, the State Administration for Market Regulation and the Ministry of Industry and Information Technology issued the "Action Plan for Measurement Support for New Quality Productivity Development (2025-2030)," focusing on integrated circuit measurement technology [23]. 1.2 Aerospace Sector - Key materials to focus on include PI films, precision ceramics, and carbon fibers [10]. 1.3 New Energy Sector - Focus areas include photovoltaic materials, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [12]. 1.4 Biotechnology Sector - Key focuses are on synthetic biology and scientific services [12]. 1.5 Energy Conservation and Environmental Protection Sector - Key materials include adsorbent resins, membrane materials, and biodegradable plastics [15]. 2. Key Companies and Earnings Forecast - The report highlights several key companies with their earnings forecasts, including: - Ruihua Tai (688323.SH): EPS forecast for 2025E is 0.06, with a PE of 51.28, rated "Buy" [17]. - Guangwei Composite (300699.SZ): EPS forecast for 2025E is 1.08, with a PE of 28.58, rated "Buy" [17]. - Zhongfu Shenying (688295.SH): EPS forecast for 2025E is 0.04, with a PE of 510.00, rated "Buy" [17]. - Wanrun Co., Ltd. (002643.SZ): EPS forecast for 2025E is 0.59, with a PE of 19.29, rated "Buy" [17]. - Juhua Co., Ltd. (600160.SH): EPS forecast for 2025E is 1.30, with a PE of 20.55, rated "Buy" [17]. 3. Industry Rating and Investment Strategy - The new materials sector is expected to gradually enter a prosperous cycle driven by downstream application sectors, maintaining a "Recommended" rating for the new materials industry [16].