According to a research report by Huatai Securities, A-shares are currently in a phase of tentative stabilization within the inventory cycle, characterized by ongoing capacity adjustments and a need for enhanced upward momentum. From a policy standpoint, the focus is on implementation and stabilizing market expectations, bolstering risk appetite and maintaining overall market stability. For medium-term investment strategies, it is advisable to adopt a dumbbell-shaped approach, balancing dividends, domestic demand, and technology, while embracing volatility. State-owned banks and hydroelectric power, among other operational assets, continue to serve as the cornerstone for dividend allocations. Meanwhile, technology and domestic demand sectors necessitate a forward-thinking approach. Should there be corrections in AI or military electronics, these present attractive medium-term investment opportunities.