Another batch of excellent fund managers disclosed their second quarter reports: focusing on large consumption, specialized expertise, new technologies, and new productive forces.

Since the beginning of this year, sectors such as humanoid robots and innovative drugs have been in the spotlight and received market attention. Shan Lin and Chu Kefan stated in the second quarter report that looking ahead to the second half of the year, innovative drugs are assets with strong certainty, high confidence, and great potential. Domestic innovative drug companies are expected to continue relying on excellent clinical data, continuous product internationalization, and commercialization to deliver better performance. The upgrading of Chinese innovative drugs is not a "multiple choice question", but a "must-answer question". Chinese domestic innovative drugs are on the eve of releasing industry dividends, and ultimately, the companies that can cross the cycle are those with strong hard technology capabilities and the ability to continuously create clinical value. Feng Ludan stated in the second quarter report that looking to the future, there is strong confidence in the potential of Chinese companies in the global AI wave. Focus will be maintained on five core investment directions: AI infrastructure, AI applications, domestic AI industry chain, intelligent robots and intelligent driving, and end-side AI. AI is not just a branch of the technology sector, but also a structural force driving the next round of global economic growth, a track with high certainty and growth potential in the field of technology. Yan Siqian stated in the second quarter report that China is the world's largest carbon emitter, and countries are still committed to reducing carbon emissions. China is also the world's largest manufacturer, and the upgrading of manufacturing is key to high-quality development. Smart manufacturing and technological innovation upgrades are important paths for low-carbon development. Investment opportunities are contained in new technologies, models, materials related to manufacturing + artificial intelligence, low-carbon + artificial intelligence, and new industrialization. Solid-state batteries, photovoltaic perovskites, flying cars, unmanned driving, green data centers, robots, etc., are key points for the technological upgrade of Chinese manufacturing industry and continuous leadership. Jiang Feng stated in the second quarter report that going forward, the focus will continue to be on four directions: opportunities in the consumer sector; industries that are expected to benefit from stable growth expectations; specialized new directions such as national security and domestic replacements; and high-tech manufacturing related to new quality productivity.