CITIC Securities: Focusing on resources, innovative medicine, consumer electronics, chemical industry, gaming, and defense industry.

Guosen Securities report stated that overall, it is recommended to focus on industries with real profit realization or strong industrial trends, with a focus on resources, innovative pharmaceuticals, gaming, and military industries. From a medium to long-term investment logic perspective, we emphasize the importance of paying attention to supply and external demand growth, as well as industries in China that already have or have the potential for sustainable pricing power. From a short-term profit realization perspective, it is recommended to focus on rare earths, cobalt, tungsten, phosphorus chemicals, pesticides, fluorine chemicals, and photovoltaic inverters. In addition, there will be a high concentration of consumer electronics product launches in September, so it is recommended to pay attention to consumer electronics and focus on opportunities for revaluation in the supply chain.