Brokerage Morning Meeting Highlights | It is recommended to pay attention to wind power and photovoltaic industry chain targets.

Yesterday, the market hit bottom and rebounded, with the Shanghai Composite Index rising more than 1% to return to 3900 points, and the ChiNext Index rebounding by over 2%. The turnover of the Shanghai and Shenzhen markets was 2.07 trillion yuan, a decrease of 503.4 billion yuan from the previous trading day. In terms of sectors, the automotive, electric power equipment, and pharmaceutical sectors led the gains, while the port and shipping, and lithography sectors led the declines. As of the close of yesterday, the Shanghai Composite Index rose by 1.22%, the Shenzhen Component Index rose by 1.73%, and the ChiNext Index rose by 2.36%. At today's securities morning meeting, CICC reviewed the financial data for September, stating that policies are gradually being strengthened and further measures are needed; Huatai suggested focusing on wind power and photovoltaic industry chain targets; China Securities Co., Ltd. pointed out that the fourth quarter is bullish on the Siasun Robot & Automation sector. CICC reviews September financial data: policies are gradually being strengthened, further measures are needed CICC reviewed the financial data for September, stating that new credit growth in September was less than expected year-on-year, but after adjusting for debt replacement, credit growth may not be as weak as the data suggests. Another phenomenon worth noting is that M1 growth rate significantly exceeded market expectations. The perspective that links these two phenomena is that policies are gradually being strengthened: recently, policy financial tools as quasi-fiscal policies have begun to be implemented, and fiscal deposits were injected quickly in September; in addition, the relaxation of real estate policies in first-tier cities also supported the resilience of long- and medium-term loans for residents. Looking ahead, the reasonable growth of financial total indicators still depends on the further strengthening of fiscal policies. Huatai: Suggest focusing on wind power and photovoltaic industry chain targets Huatai pointed out that on October 13, the National Development and Reform Commission issued the "Opinions on the Implementation of Minimum Proportions of Renewable Energy Consumption and Responsibility Weighting for Renewable Energy Power Consumption (Draft for Soliciting Opinions)," which, for the first time, sets targets for the proportions of renewable energy power consumption and non-electric consumption. This mechanism continues the concept of "full economic scope" emission control from the UN Climate Change Summit in September and is expected to promote emission reduction by strengthening green electricity connectivity and green certificate trading functions, and opening up the application space for green hydrogen and ammonia. It is recommended to focus on targets in the wind power industry chain and photovoltaic industry chain. Additionally, leading wind turbine manufacturers, offshore wind projects, low-cost silicon materials, high-efficiency batteries/components, and other related targets may also benefit. China Securities Co., Ltd.: Bullish on the Siasun Robot & Automation sector in the fourth quarter China Securities Co., Ltd. stated that they are bullish on the Siasun Robot & Automation sector in the fourth quarter, as it is an important window period for trading Tesla's third-generation Optimus change and mass production expectations, without fear of marginal disturbances such as delayed factory inspections. Meanwhile, news on capital operations, order shipments, and scenario implementations expected in Q4 from the domestic supply chain will continue to be released. The sector's outlook remains favorable, with T-chain being the top recommendation, and suggesting industry trends that are more favorable and have faster volume in sensors, dexterous hands, applications in the robotics field, and domestic supply chain links. This article is reprinted from "Cailianshe". Editor: Xu Wenqiang.