Group 1 - The report emphasizes a strategy of maintaining confidence in policies while lowering slope expectations, recommending a "4+1" investment approach focusing on domestic consumption, technology growth, cost improvement, and structural opportunities abroad, along with a stable dividend base [3][22][20] - The report identifies key sectors for investment in June, including transportation, non-bank financials, coal, environmental protection, construction decoration, beauty care, food and beverage, media, electric equipment, and social services based on an industry rotation model [4][25] Group 2 - In the media sector, Shanghai Film (601595.SH) is highlighted as a leading company benefiting from the recovery of the film market, with AI technology enhancing cost efficiency and expanding IP monetization opportunities [5][27] - In the communication sector, New Yi Sheng (300502.SZ) is recognized as a global leader in optical modules, with ongoing partnerships with major internet and communication equipment companies, driven by increasing demand for high-speed optical modules [6][30] - In the electric new energy sector, Daikin Heavy Industries (002487.SZ) is noted for being the only supplier in the Asia-Pacific region capable of delivering offshore products to Europe, with a robust order book and potential for profit growth as European offshore wind projects accelerate [7][32] - In the utilities sector, China Nuclear Power (601985.SH) is positioned as a domestic duopoly with significant cost advantages in nuclear power generation, promising future profits and dividends [8][34] - In the pharmaceutical sector, Sanofi Pharmaceutical (1530.HK) is recognized for its diverse product portfolio and strong commercialization capabilities, with promising new drug pipelines [9][36] - In the chemical sector, Zhenhua Co. (603067.SH) is highlighted as a leading global player in the chromium salt industry, expected to benefit from strong downstream demand [10][39] - In the automotive sector, XPeng Motors (9868.HK) is noted for its strong product lineup and potential for profitability as it expands its AI capabilities [11][42] - In the consumer discretionary sector, Ninebot (689009.SH) is projected to maintain high double-digit revenue growth in Q2, driven by strong sales of electric scooters and lawnmowers [12][44] - In the non-bank financial sector, Jiangsu Jinzhong (600901.SH) is expected to benefit from lower funding costs due to monetary easing, with projected earnings growth of 13% in 2025 [13][47] - In the computer sector, Zhuoyi Information (688258.SH) is recognized for its innovative AI programming products and potential benefits from high computing demand [14][50]

Key Points - The article highlights two critical time points in 2025: the trading opportunities arising from external risk resolution in early April and the allocation opportunities following the synchronization of the economic and policy cycles between China and the U.S. in mid-year [2][3] - The technology sector is expected to be a strong focus for investment in April and May, following significant adjustments in March and potential catalysts [3] - The article emphasizes the importance of focusing on core assets in A-shares and Hong Kong stocks, as the market is anticipated to undergo a significant style shift due to the recovery of traditional core assets [3] - The deep-sea technology sector is recognized as a strategic emerging industry, with government support expected to accelerate its development, similar to the low-altitude economy and commercial aerospace sectors [6][9] - Investment opportunities in the deep-sea technology industry are identified across the entire supply chain, including upstream core components, midstream equipment, and downstream operations and services [6] - The article suggests that the deep-sea technology sector could open up a new trillion-level market, driven by both market and policy catalysts [6][9] - The focus on stable earnings and low-valuation themes is recommended, particularly in low-tier consumption, AI+ themes, and commercial aerospace [3][9] - The potential risks include intensified U.S.-China friction, geopolitical conflicts, and domestic policy implementation falling short of expectations [4][10]