According to the investment strategy, the direction of improving prosperity this week is mainly in the midstream manufacturing and information technology sectors. Among upstream resource products, industrial metal prices have mostly risen and cement prices have risen; in the midstream manufacturing sector, prices in the new energy industry chain have mostly risen, and construction machinery sales of major enterprises generally improved year-on-year in November. In information technology, memory prices continued to rise, and smartphone shipments increased year-on-year in October. In the consumer services sector, pig farming profits are rising. The year-on-year increase in total retail sales of consumer goods continued to narrow in November, mainly due to a high base and a slowdown in demand. We recommend non-ferrous materials, building materials, lithium batteries, automation equipment, construction machinery, memory, consumer electronics, non-banking, and tourism, sports, beauty care, etc. that are boosted or have benefited from policies.

According to the investment strategy, the direction of improving prosperity this week is mainly in the midstream manufacturing and information technology sectors. Among upstream resource products, industrial metal prices have mostly risen and cement prices have risen; in the midstream manufacturing sector, prices in the new energy industry chain have mostly risen, and construction machinery sales of major enterprises generally improved year-on-year in November. In information technology, memory prices continued to rise, and smartphone shipments increased year-on-year in October. In the consumer services sector, pig farming profits are rising. The year-on-year increase in total retail sales of consumer goods continued to narrow in November, mainly due to a high base and a slowdown in demand. We recommend non-ferrous materials, building materials, lithium batteries, automation equipment, construction machinery, memory, consumer electronics, non-banking, and tourism, sports, beauty care, etc. that are boosted or have benefited from policies.