Huatai Securities: Focus on AI, price hikes, and manufacturing during the performance period.

Huatai Securities' research report believes that during the performance reporting period, attention should be paid to three major clues: AI, price increases, and manufacturing. As the period of intensive performance forecasts approaches, Huatai Securities observes from multiple perspectives: 1) The current disclosure rate of interim performance forecasts is still relatively low, with industries with high disclosure rates and expected surprise rates including petrochemicals, non-banking financial institutions, non-ferrous metals, chemicals, and electronics, while industries with high median net profit growth rates in performance forecasts include agriculture, petrochemicals, defense industries, computers, and media, with changes still possible with the increase in disclosure rates; 2) Examining the changes in profit expectations in the past month, industries with the highest upward revision rates include coal, building materials, electronics, communications, and chemicals, while industries with the widest upward revision widths include building materials, coal, non-ferrous metals, communications, and machinery; 3) Mid-term data shows that the clues of improving economic conditions are focused on the AI chain, price increase chain, and manufacturing going global.