CITIC Securities: The lithium battery industry is expected to usher in the peak season, and the demand for energy storage continues to recover.

CITIC Securities released a research report stating that the following factors will determine the trend of the third quarter market: On the fundamental side, AI computing power is still maintaining a high degree of prosperity, with a focus on business performance and overseas financial reports. At the same time, since April, under the pressure of the macro economy, the economic stimulus measures taken at the July Political Bureau meeting are crucial. In terms of liquidity, external disturbances are increasing while internal conditions remain neutral. In terms of risk appetite, geopolitical events and listings of industry giants may cause short-term market fluctuations, but considering the global linkage effect of technology stocks, major overseas computing power in Japan, South Korea, and the United States also need to be continuously monitored. In terms of industry configuration, although the logic of AI computing power remains prosperous, the volatility has intensified. It is recommended to be cautious in chasing highs and to layout positions on declines; The lithium battery industry is expected to usher in the peak season, with the demand for energy storage continuing to recover, and there are opportunities for valuation repair in the new energy sector; Dividend stocks are expected to rebound from oversold levels with relatively high configuration cost-effectiveness. Key areas of focus include: banks, coal, utilities, AI, optical modules, storage, chips, industrial metals, and lithium battery materials.