Following the release of third-quarter financial reports, institutions have been vigorously engaging in research activities with listed companies. By November 14, institutions had conducted research visits to nearly 770 companies since the start of November. Among these, Luxshare Precision has stood out as the most sought-after company, attracting a cumulative total of 222 institutional visits. Other notable companies drawing significant interest include BeiGene-U and Inovance Technology. Moreover, over 40 listed companies on the Beijing Stock Exchange have also captured institutional attention, with Tonghui Electronics emerging as the most closely monitored entity on the exchange. In the secondary market, the share prices of more than half of the researched companies have experienced an uptick, with Jiangsu Huasheng New Energy Technology and Fuxiang Pharmaceutical leading the charge in terms of gains. From an industry perspective, the electronics and machinery & equipment sectors have emerged as prime areas for institutional research, while sectors such as basic chemicals and power equipment have also garnered considerable focus. Looking ahead to 2026, SDIC Securities anticipates that, propelled by AI advancements, the semiconductor industry chain within the electronics sector will witness structural opportunities, with a favorable outlook on niche fields (or 'sub-sectors') such as advanced manufacturing processes. On the other hand, CSC Securities projects that the machinery & equipment industry is on the cusp of structural prosperity, with investment opportunities centered around two key themes: new technologies and incremental growth.