Securities Morning Meeting Highlights | Energy storage lock orders surge, continue to be bullish on lithium batteries and energy storage.

The market showed weak fluctuations yesterday, with a total turnover of 1.91 trillion in the Shanghai and Shenzhen markets, a decrease of 47.3 billion from the previous trading day. In terms of sectors, energy metals, military industry, and AI applications sectors led the gains, while precious metals, medicine, and other sectors were among the top decliners. At the close of trading yesterday, the Shanghai Composite Index fell by 0.46%, the Shenzhen Component Index fell by 0.11%, and the ChiNext Index fell by 0.2%. At today's brokerage morning meeting, China Securities Co.,Ltd. pointed out that the trend of locking in energy storage orders is rising, and they continue to be optimistic about lithium batteries and energy storage; Galaxy Securities stated that in the consumer sector, they are focusing on high dividend quality companies during the market style transition process. CICC has released the property management outlook for 2026: recommending high-quality targets with stable performance, good cash flow, and high dividend yield. China Securities Co.,Ltd.: Trend of locking in energy storage orders rises, continue to be optimistic about lithium batteries and energy storage China Securities Co.,Ltd. stated that last week, Beijing HyperStrong Technology signed a 3-year 200GWh contract with Contemporary Amperex Technology, confirming the shortage logic of energy storage batteries. China Securities Co.,Ltd. believes that the excess profits in the downstream investment and operation of energy storage will pass on profits to materials, batteries, and integration sectors through price increases as demand rapidly grows, and the lithium battery industry chain has greater flexibility. China Securities Co.,Ltd. continues to favor opportunities in materials, especially 6F, lithium iron, negative electrode, diaphragm, and battery sectors. Key points to follow: 1) Materials and energy storage batteries are in short supply as prices continue to rise during the peak production season. 2) With downstream purchases and long orders in October/November, the demand for 2026 becomes clearer. 3) Pricing models are changing. Galaxy Securities: Consumer sector focuses on high dividend quality companies during market style transition process Galaxy Securities pointed out that the future relevance of the consumer sector, such as Double Eleven, in major online promotions will gradually decrease. The consumer industry needs to focus on the medium and long-term goals of consumption in the "Fifteen-Five" plan; short-term focus on policies related to consumption in 2025 for 2026. They hold an optimistic view on the overseas business development of the consumer industry in 2026. In terms of consumer stocks, they focus on high dividend quality companies during the market style transition (from high to low), as well as companies with alpha in each segment. CICC Property Management Outlook for 2026: Recommending high-quality targets with stable performance, good cash flow, and high dividend yield CICC has released the property management outlook for 2026, believing that the internal and external changes in the industry are driving property enterprises toward a more healthy and sustainable direction of "moderate changes in quantity and price, relatively stable cash flow." In the short term, covered enterprises are still in a stage of revenue and profit growth driven by scale expansion, with slightly pressured cash receipts and a continuous increase in dividend willingness. They recommend high-quality targets with stable performance, good cash flow, and high dividend yield. This article is reprinted from "Caisenet". Editor: Chen Xiaoyi.