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国金证券:高端装备制造业等行业景气度先行占优
Di Yi Cai Jing· 2025-10-10 00:16
Core Viewpoint - The report from Guojin Securities indicates that September showed stable performance, with exports maintaining resilience and domestic demand marginally recovering due to the peak season of "Golden September and Silver October," although performance across various industries was uneven [1] Group 1: Economic Performance - Exports have shown resilience during September, contributing positively to the overall economic performance [1] - Domestic demand is experiencing a marginal recovery, driven by the seasonal peak in consumption [1] Group 2: Industry Analysis - Performance across different industries is uneven, with some sectors showing strong growth while others lag behind [1] - Supply-side governance and industrial upgrades are yielding positive results, particularly benefiting upstream resource products and emerging manufacturing sectors, as well as high-end equipment manufacturing [1] - Traditional raw materials and consumer sectors are experiencing a "peak season not thriving" scenario due to delayed demand-side stimulus and recovery in consumer confidence [1]