Galaxy Securities: The Beijing Exchange sector has long-term investment value.

The research report by China Galaxy Securities states that with the launch of the specialized and innovative index, steady progress in new stock issuance, and more merger and reorganization projects landing, Galaxy Securities believes that the trading activity and market attention of the Beijing Stock Exchange are expected to remain at a high level. The Beijing Stock Exchange sector has long-term investment value. As for the investment strategy for the second half of 2025, two main directions are recommended: 1) From top to bottom, focus on the new quality productivity of the Beijing Stock Exchange, pay attention to emerging industries such as artificial intelligence, commercial aerospace, low-altitude economy, new consumption, and companies with "scarce" attributes in A-share market in terms of business models and main products; 2) From bottom to top, based on financial indicators screening, focus on companies with high performance growth, strong R&D investment, large potential for capacity release, and strong growth potential.