Essence of securities morning meeting | Breakthroughs in new solid-state battery technology accelerating industrialization process

The market surged yesterday and then fell back, with the ChiNext Index rising more than 3% at one point. The total trading volume in the Shanghai and Shenzhen markets was 1.74 trillion, a decrease of 200.5 billion compared to the previous trading day, reaching a new low since August 8th. In terms of sectors, diamond cultivation, coal, and gas sectors led the gains, while non-ferrous metals sector led the losses. By the end of yesterday's trading, the Shanghai Composite Index rose by 0.63%, the Shenzhen Component Index rose by 0.98%, and the ChiNext Index rose by 1.98%. At today's morning meeting of securities firms, China Securities Co., Ltd. pointed out that new breakthroughs in solid-state battery technology are accelerating the industrialization process; CITIC Securities suggested actively paying attention to the "small and beautiful" companies in the textile and clothing manufacturing sector; Galaxy Securities proposed that the food and beverage index is welcoming recovery under the market style switch. China Securities Co., Ltd.: Continuous breakthroughs in solid-state battery technology, accelerating industrialization process China Securities Co., Ltd. stated that solid-state batteries, as the core technology direction of the next-generation lithium batteries, have always faced the challenge of solid-solid interface contact as the biggest bottleneck in mass production. Recently, the team led by Huang Xuejie from the Institute of Physics of the Chinese Academy of Sciences introduced iodine ions into sulfide electrolytes. When the battery is working, the iodine ion compounds flow to the solid-solid interface contact in the direction of the electric field, actively attracting lithium ions to fill the gap between the contact surfaces, significantly improving the battery's rate performance. In addition, iodine ions can also promote uniform deposition of lithium metal and effectively suppress lithium dendrite growth, greatly enhancing the safety of the battery. This technology has successfully solved the problem of electrode and electrolyte self-repairing contact without the need for external pressure, and is expected to accelerate the industrialization of solid-state batteries. CITIC SEC: Suggest actively focusing on "small and beautiful" companies in the textile and clothing manufacturing sector CITIC SEC stated that since 2024, the attention towards some "small and beautiful" companies in the textile and clothing manufacturing sector has been continuously increasing. CITIC SEC believes that on the one hand, affected by the previous epidemic and the pressure brought about by industrial transfer, these companies have long lacked market attention, and their valuations are at the bottom. On the other hand, these companies are actively seeking changes at the bottom of their operations. With the normalization of downstream demand, the gradual completion of new production capacity, the gradual clearing of historical negative factors, and the continuous input of intelligent and automated systems to reduce costs and increase efficiency, each factory has shown positive operational changes, thereby driving the overall valuation reassessment of the companies. By reviewing the operational situations of various companies, it can be seen that the main DRIVES for outstanding stock performance are the elimination of negative impacts, effective business adjustments, substantial improvement in profitability, undervaluation, and high dividend attributes. It is recommended to actively focus on "small and beautiful" companies in the textile and clothing manufacturing sector. Galaxy Securities: Food and beverage index welcomes recovery under market style switch Galaxy Securities pointed out that in early October, the food and beverage index welcomed recovery under the market style switch, with snacks, beer, and health products leading the gains. Galaxy Securities believes that the trend of style switching is expected to continue. Looking ahead to late October, the market will focus on third-quarter performance reports, companies representing the new consumer direction have good performance, and related high-quality stocks and sectors should be given priority attention. Looking ahead to the fourth quarter, it is recommended to focus on two clues: 1) the year-end valuation switching trend, focusing on targets with solid fundamentals in the new consumer direction; 2) under the expectation of the gradual transmission of the improvement from the Producer Price Index to the Consumer Price Index, it is advisable to focus on cyclical directions with low valuation + supply clearance. This article is reprinted from "Cailian News", edited by GMTEight: Jiang Yuanhua.