Brokerage Morning Meeting Highlights | optimistic about leading PCS manufacturers achieving volume and profit growth by 2025.

Yesterday, the market surged and then fell back throughout the day, with the three major indexes slightly up. The total trading volume in the Shanghai and Shenzhen markets was 1.27 trillion, an increase of 85 billion from the previous trading day. In terms of market performance, hot spots rotated quickly, with more stocks rising than falling, and over 3,300 stocks in the entire market rose. In terms of sectors, household appliances, Little Red Book concept, non-ferrous metals, CPO and other sectors were the top gainers, while humanoid Siasun Robot & Automation, semiconductors, liquor, and defense were the top decliners. At the close, the Shanghai Composite Index rose by 0.28%, the Shenzhen Component Index rose by 0.41%, and the Growth Enterprise Market Index rose by 0.66%. At today's brokerage morning meeting, CICC stated that it was optimistic about leading PCS companies achieving both quantity and profit by 2025; China Securities Co., Ltd. pointed out that attention should be paid to the industrial chain construction of AIDC; CITIC SEC stated that with Trump about to take office, external disruptive factors will gradually become clearer. CICC: Optimistic about leading PCS companies achieving both quantity and profit by 2025 CICC stated that with the continuous growth of renewable energy installations, the fluctuating output of photovoltaic and wind power puts pressure on the grid. Therefore, new energy storage has become an urgent demand for countries to improve grid stability and sustainably develop new energy sources. CICC conducted an analysis of centralized photovoltaic storage and independent storage in the United States, the United Kingdom, India, and the Middle East and believes that photovoltaic storage installations will sustainably grow. Additionally, CICC also found that Brazil and Turkey meet the conditions for triggering growth in energy storage installations and have the potential to become high-growth markets for energy storage. Benefiting from the strong growth of global large energy storage installations, CICC is optimistic about leading PCS companies achieving both quantity and profit by 2025. China Securities Co., Ltd.: Focus on the construction of AIDC industrial chain China Securities Co., Ltd. pointed out that with the increasing demand for AI computing power, especially with positive changes at both ends of supply and demand domestically, the demand for data centers will also increase, especially for high-power super large data center rooms, which also have higher requirements for electricity, temperature control, and other aspects. It is recommended to focus on the AIDC industry chain, including AIDC service providers, power equipment, liquid cooling temperature control, and other aspects. CITIC SEC: Trump is about to take office, external disruptive factors will gradually become clearer CITIC SEC pointed out that the core external variable facing the current market is Trump's inauguration on January 20th. CITIC SEC believes that during Trump's first month in office, attention should be paid to both domestic and foreign policies. In terms of the economy, he may sign executive orders related to tariffs, relax administrative regulations, encourage the development of cryptocurrencies, and negotiate with Congress on tax reduction plans. In terms of energy, he may sign executive orders to support traditional energy production, strengthen key resource security, and withdraw from the Paris Agreement once again. In terms of society, he may sign executive orders to strengthen border control, deport illegal immigrants with violent criminal records, and eliminate some diversity programs. In terms of foreign affairs, he may propose a plan to end the conflict between Russia and Ukraine, and put pressure on NATO allies to increase military spending. In terms of the pace of tariffs, CITIC SEC believes that the global implementation of universal tariffs proposed by Trump may face certain obstacles, and the overseas expansion of Chinese companies remains a long-term trend, while the imposition of additional tariffs on China may follow a certain industry priority sequence. For the domestic capital market, it is expected that in the second half of January, as Trump takes office, external disruptive factors will gradually become clearer. Counter-cyclical adjustments and market stabilization policies are both worth looking forward to. This article was reprinted from "Cailianshe". Editor: Jiang Yuanhua.