In its 2026 investment strategy forecast for the chemical industry, CSC Securities highlights that amidst a deceleration in industry-wide capital expenditures and the impending cyclical turning point, investors are advised to concentrate on sectors like pesticides and urea. As the era of interest rate reductions unfolds, China's counter-cyclical policy initiatives are poised to stimulate domestic demand, thereby rendering sectors such as polyurethane particularly noteworthy. Simultaneously, within the framework of fostering new, high-quality productive forces, the advancement of novel materials—especially semiconductor materials—should be prioritized. Furthermore, high-caliber enterprises that deliver substantial shareholder returns are anticipated to experience revaluation opportunities, with industry frontrunners in the oil and gas petrochemicals, coal chemical industry, and related sectors meriting special consideration.