Brokerage morning meeting highlights | Green electricity demand in 2025 is expected to receive stronger catalysis

The market opened high and continued to rise yesterday, with the ChiNext Index leading the gains. The total turnover of the Shanghai and Shenzhen markets was 1.91 trillion yuan for the whole day, an increase of 412.6 billion yuan from the previous trading day. In terms of sectors, AI intelligent bodies, IT services, games, and computing power leasing sectors led the gains, while construction machinery, steel, banks, and oil and gas sectors led the declines. At the close of yesterday, the Shanghai Composite Index rose by 1.17%, the Shenzhen Component Index rose by 1.77%, and the ChiNext Index rose by 2.02%. At today's broker morning meeting, Tianfeng stated that in the field of AI healthcare, it is important to focus on directions that have high-quality data, scarce application scenarios, and multimodal integrated data. Galaxy Securities believes that the demand for green electricity in 2025 is expected to receive stronger catalysis. Tianfeng: Focus on directions that have high-quality data, scarce application scenarios, and multimodal integrated data in AI healthcare. Tianfeng stated that with the opening of the AI equal rights era, the core contradiction of AI healthcare is shifting from the "arms race of large models + computing power" to the "revaluation of data value." The medical industry, as a vertical industry with high barriers to entry, has high-quality data, scarce application scenarios, and the race for companies that control multimodal integrated data. It is recommended to focus on directions that have high-quality data, scarce application scenarios, and multimodal integrated data, such as AI+ health management, AI+ detection diagnosis and treatment, AI+ digital platforms for doctors, AI+ medical information technology, and companies related to AI+ drug research and development. Galaxy Securities: The demand for green electricity in 2025 is expected to receive stronger catalysis. Galaxy Securities stated that in 2025, the government work report did not have a clear statement on "energy security," but the attitude towards "green transformation" remains firm. Focusing on the power industry, by 2025, Galaxy Securities expects that the pressure on ensuring supply will be somewhat relieved compared to previous years, and policy orientation may be more focused on "green" aspects, with the demand for green electricity expected to receive stronger catalysis. At the same time, the marginal improvement in consumption and electricity price pressure is expected to accelerate the arrival of the industry turning point, with a higher probability of layout at this stage. Based on this, the 2025 government work report clearly points out the development of offshore wind power, and it is recommended to focus on the expectations of strong growth in installed capacity, as well as the favorable situation of consumption and electricity price in the offshore wind segment. This article is reproduced from "Cailianshe". GMTEight editor: Jiang Yuanhua.