The research report from CICC points out that the current market is significantly influenced by external uncertainties, and investors will focus more on fundamentals during the interim results period, seeking structural highlights through interim reports. Key areas of focus include: first, industries with outstanding interim performance, such as upstream oil, gas, and chemicals, certain metals, technology hardware and power equipment benefiting from the high growth of AI and overseas demand, as well as non-bank financial sectors; second, the AI industry chain, with the rapid development of the AI industry and sustained growth in demand, attention should be paid to optical communications directly benefiting from the implementation of AI technology, as well as batteries and energy storage, which benefit from both energy security and industrial chain security; third, cyclical industries with relatively balanced supply and demand, considering the position in the capacity cycle and the rebound in demand, focus on niche chemicals, optoelectronics, and certain innovative drugs.