The latest research report on Open Source Securities points out that in the short term, trading congestion has initially been digested, the implicit volatility of Science and Innovation 50 has declined, and opportunities for segmentation within the technology sector may appear. A balanced allocation is recommended in terms of allocation to seize opportunities for technology and rebalancing. Rebalance direction: continue to focus on recommending small micromarkets, focusing on China Securities 2000 and Wande micro market stocks; focusing on industries where net profit growth exceeds expectations: electronics, defense and military, computers, petroleum and petrochemicals, non-ferrous metals, and non-bank finance; industry rebalancing focuses on some midstream manufacturing such as non-ferrous, basic chemicals, new energy, agriculture, pharmaceuticals, and shipbuilding; high dividend directions such as banking, utilities, and electricity have a good risk-return ratio in volatile markets. In the medium term, technology is still the main line in the medium term. The overall beta difficulty has increased markedly. The next stage of earnings will come more from re-screening within technology. In terms of configuration, we continue to search for the intersection of “secondary ignition+narrative tension,” focusing on AI materials, domestic computing power chains, upstream PCBs and optical modules in overseas computing power chains, AI application directions such as programming agents and enterprise-level agents, as well as new economic trends formed by technological spillover such as power equipment, electricity, energy metals, and liquid cooling.

The latest research report on Open Source Securities points out that in the short term, trading congestion has initially been digested, the implicit volatility of Science and Innovation 50 has declined, and opportunities for segmentation within the technology sector may appear. A balanced allocation is recommended in terms of allocation to seize opportunities for technology and rebalancing. Rebalance direction: continue to focus on recommending small micromarkets, focusing on China Securities 2000 and Wande micro market stocks; focusing on industries where net profit growth exceeds expectations: electronics, defense and military, computers, petroleum and petrochemicals, non-ferrous metals, and non-bank finance; industry rebalancing focuses on some midstream manufacturing such as non-ferrous, basic chemicals, new energy, agriculture, pharmaceuticals, and shipbuilding; high dividend directions such as banking, utilities, and electricity have a good risk-return ratio in volatile markets. In the medium term, technology is still the main line in the medium term. The overall beta difficulty has increased markedly. The next stage of earnings will come more from re-screening within technology. In terms of configuration, we continue to search for the intersection of “secondary ignition+narrative tension,” focusing on AI materials, domestic computing power chains, upstream PCBs and optical modules in overseas computing power chains, AI application directions such as programming agents and enterprise-level agents, as well as new economic trends formed by technological spillover such as power equipment, electricity, energy metals, and liquid cooling.