Core Viewpoint - The article highlights the increasing attention from institutions towards companies in the high-end manufacturing sector, particularly in the fields of industrial machinery and electronic equipment, as evidenced by the recent institutional research on 37 companies in the Beijing Stock Exchange [2]. Group 1: Institutional Research Focus - In October, 37 companies on the Beijing Stock Exchange underwent institutional research, with a significant focus on the industrial machinery and electronic equipment sectors, involving 8 and 7 companies respectively [2]. - Notable companies under research include Tonghui Electronics, which specializes in electronic measurement instruments, and BiKang Instruments, focused on marine economic monitoring [2]. Group 2: Characteristics of Researched Companies - The researched companies exhibit three main characteristics: 1. Significant technical barriers, such as Tonghui Electronics with a domestic market share of 25% in electronic measurement instruments, and Chuangyuan Xinke with a 70% market share in 6G testing equipment [2]. 2. Differentiated growth potential, with Tonghui Electronics reporting a 59.36% increase in net profit for the first three quarters, while Zhongke Meiling faces cash flow pressure due to rising accounts receivable [3]. 3. Dual drivers of policy and demand, with sectors like semiconductors, renewable energy, and biomedicine experiencing explosive downstream demand supported by domestic substitution policies [3].