Industry insiders: Before the economic bottom is reached in the second half of the year, industries with solid fundamentals will have more opportunities to hit bottom first.

Since the rebound started on April 7th, the A-share market has shown a trend of fluctuation and improvement. Industry insiders believe that the overall trend of AH shares in the past half year can be summarized as "gathering popularity in divergence, slow valuation recovery in fluctuation." Before the bottom of the economy is confirmed in the second half of the year, industries that first hit bottom in terms of fundamentals will have more opportunities, such as innovative drugs, new consumption, AI-related, non-ferrous metals, non-bank financial institutions, and more. The deflationary situation in many industries has eased, coupled with adjustments in upstream prices, technological breakthroughs, and the "engineer dividend" factor driving many middle and lower-tier industries out of their profit downturns. From a medium-term perspective, the A-share market will continue to evolve along the main theme of "Made in China."