Core Viewpoint - The article highlights the significant progress and innovative initiatives in Zhuhai, part of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on urban-rural integration, industrial empowerment, and reform-driven development to enhance the quality of life for residents and stimulate economic growth [2][12]. Industrial Empowerment - Zhuhai is leveraging its resource advantages to develop new industrial sectors across land, sea, and low-altitude domains, enhancing the county economy and establishing a robust industrial foundation for urban-rural integration [3]. - The establishment of the Zhuhai Science City and its computing power center supports over 50 large model enterprises, significantly reducing R&D costs and optimizing algorithm cycles [3]. - The low-altitude economy is emerging as a key feature of Zhuhai's industrial upgrade, with the launch of the first long-distance drone logistics route in the Greater Bay Area and a reported industrial output value of 20.7% growth year-on-year [3][4]. Economic Growth and Trade - In 2025, the total import and export value through the Hong Kong-Zhuhai-Macao Bridge reached 284.37 billion yuan, marking a 35.9% increase, reinforcing its role as a vital trade link [4]. - Zhuhai has 45 local enterprises listed among the top 500 manufacturing companies in Guangdong, with a total of 52 listed companies, indicating a growing industrial cluster [4]. Marine Economy - Zhuhai is expanding its marine industry, with the establishment of the first national standard marine ranch and innovative deep-sea aquaculture platforms, contributing to a marine production value exceeding 100 billion yuan in 2024 [5]. - The city has achieved a market share of 58% in marine ranching equipment, showcasing its technological strength in the industry [5]. Urban-Rural Integration - Zhuhai is implementing a "four commons" mechanism to promote balanced resource allocation and reduce the income disparity between urban and rural residents, with the income ratio decreasing from 1.83 in 2022 to 1.61 in the first three quarters of 2025 [6][8]. - The town of Pingsha exemplifies urban quality improvement, with enhanced infrastructure and cultural amenities attracting visitors and improving residents' quality of life [6][8]. Rural Revitalization - Specific rural projects, such as the transformation of idle houses into commercial spaces and the establishment of community-operated centers, have generated significant income for local residents, with over 2,600 idle houses revitalized, leading to an increase in income of approximately 22 million yuan [9][10]. - The implementation of a three-tier management mechanism for idle rural housing has been a pioneering effort in the province, facilitating the effective use of rural resources [9][10]. Reform and Innovation - Zhuhai is focusing on institutional innovation to break down barriers in urban-rural development, with initiatives such as a "general rules" planning management system and a digital financial service platform to support rural industries [10][11]. - The city has seen the emergence of 17 provincial-level grassroots reform cases and 4 innovative cases under the "Hundred-Thousand-Ten Thousand Project," positioning it as a leader in reform-driven development [10][11].

Investment Rating - The report maintains a "Recommended" rating for the new materials industry [1][17]. 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 enter a phase of accelerated long-term growth. The report emphasizes that "one generation of materials supports one generation of industry," highlighting the foundational nature of the new materials industry as the material basis for other industries [4][17]. Summary by Sections 1. New Materials Industry Dynamics 1.1 Electronic Information Sector - Focus on semiconductor materials, display materials, and 5G materials [5]. - The global first AI-based processor chip design system "Enlightenment" was recently launched, achieving full automation in chip design, with significant performance metrics surpassing human-designed levels [6][24]. 1.2 Aerospace Sector - Key areas of interest include PI films, precision ceramics, and carbon fibers [7]. 1.3 New Energy Sector - Focus on photovoltaic materials, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [9]. - The International Energy Agency (IEA) predicts a 70% increase in global investment in clean hydrogen compared to 2024, with total spending expected to reach approximately $7.8 billion in 2025 [10]. 1.4 Biotechnology Sector - Key areas include synthetic biology and scientific services [11]. 1.5 Energy Conservation and Environmental Protection Sector - Focus on adsorbent resins, membrane materials, and biodegradable plastics [13]. 2. Key Companies and Profit Forecasts - The report lists several key companies with their respective stock prices and earnings per share (EPS) forecasts for 2024 to 2026, indicating a positive outlook for many companies in the new materials sector [16].