Brokerage Morning Meeting Highlights | It is suggested to focus on the layout of key materials and devices in the nuclear fusion industry chain.

Market rose yesterday and then fell back, with the three major indexes showing mixed movements. The total turnover in the Shanghai and Shenzhen markets throughout the day was 1.13 trillion, a decrease of 89.3 billion compared to the previous trading day. In terms of sectors, controllable nuclear fusion, innovative drugs, traditional Chinese medicine, and electricity sectors led the gains, while humanoid Siasun Robot & Automation, computing power, software development, and financial technology sectors led the declines. At the close of yesterday, the Shanghai Composite Index rose by 0.38%, the Shenzhen Component Index fell by 0.01%, and the ChiNext Index fell by 0.09%. At today's brokerage morning meeting, Galaxy Securities believes that with policy support, the future prospects of the intelligent health home sector are broad; China Securities Co.,Ltd. stated that emphasizing clean energy replacement for electrolytic aluminum could accelerate the growth of the green certificate market; CITIC SEC proposed laying out around key materials and equipment links in the nuclear fusion industry. Galaxy Securities: Policy support, broad future prospects for the intelligent health home sector Galaxy Securities pointed out that on March 27, the Ministry of Industry and Information Technology, the Ministry of Education, and the State Administration for Market Regulation issued a notice on the implementation plan for the digital transformation of light industry, which proposed deepening the application of artificial intelligence in areas like intelligent home. According to the latest report from the market research firm TechInsights, global spending on intelligent home devices, services, and installation fees is expected to increase by 7% to $125 billion by 2024, and by 2030, this spending is expected to approach $195 billion. The intelligent home industry benefits from favorable policies, and with the continued advancement of AI technology, leading companies are deepening their layout in related areas, with increasingly diverse and high-quality products. The future prospects of the intelligent health home sector are broad. Optimistic about the future growth of AI applications in the home industry. China Securities Co.,Ltd.: Emphasizing clean energy replacement for electrolytic aluminum, the green certificate market is expected to accelerate growth China Securities Co.,Ltd. stated that recently, the Ministry of Industry and Information Technology and other departments released the implementation plan for the high-quality development of the aluminum industry (2025-2027), which clearly proposes the implementation of clean energy replacement. Specifically, the plan encourages companies to participate in the development and construction of renewable energy such as photovoltaic and wind power, hydrogen energy, and energy storage systems. Promote the implementation of clean energy replacement in the processes of alumina baking and anode baking for aluminum smelting. In principle, no more self-built coal-fired units will be added, and support will be given to electrolytic aluminum companies to implement clean energy replacement for self-built coal-fired units. Support companies in increasing the proportion of clean energy use through green electricity trading, purchase of green electricity certificates, investment in clean energy generation projects, etc. Against the background of China's dual control of energy consumption transformation, the demand for clean energy substitution by high-energy-consuming enterprises is expected to continue to grow, which will help accelerate the development of the green power and green certificate markets and facilitate the realization of the environmental value of wind and solar projects. CITIC SEC: Suggests laying out around key materials and equipment links in the nuclear fusion industry chain CITIC SEC pointed out that China's controllable nuclear fusion projects have made rapid progress recently, with progress in the HL-3M tokamak and approval of the Spark-I hybrid reactor project environmental impact assessment. By 2024, major countries such as the United States, China, and Germany will accelerate the implementation of controllable nuclear fusion research and gradually promote commercial projects. Short-term experimental reactor investments will drive the growth of related companies' performance, with medium-term optimism about the commercialization progress of hybrid reactors, and in the long term, fusion technology will become the ultimate energy solution. The suggestion is to lay out around key materials and equipment links in the nuclear fusion industry chain. This article is reproduced from "" and edited by GMTEight: Chen Xiaoyi