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The research report from CITIC Securities pointed out that the silicon-based materials industry is currently at the bottom of the cycle. The supply side has significantly slowed down, but the industry has not experienced deep losses. It is difficult for the industry to clear itself spontaneously during the difficult period, and it is hoped that subsequent policies to break the cycle of internal competition will be implemented. It is recommended to focus on companies in the silicon-based materials industry that extend their business to downstream high-growth tracks.
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