[Huajin Securities: Growth is dominant in a structural market, and short-term focus is on technology growth, core assets, etc.] According to Jinshi Data on October 12, Huajin Securities' research report pointed out that growth is dominant in a structural market, and short-term focus is on technology growth, core assets and some undervalued state-owned enterprises. (1) In the short term, technology and some core assets may still be dominant. First, based on historical experience, after a large increase in volume, cyclical and consumer technology are relatively dominant; second, after the current increase in volume, some core assets such as technology and consumption may be dominant. (2) Some undervalued state-owned enterprises in industries such as construction cycles may also have allocation opportunities in the short term. First, historically, after the rise entered the mid-term stage, industries with prosperity or profit preferences were relatively dominant; second, currently, undervalued state-owned enterprises in the construction and cycle may have allocation opportunities due to the benefits of the third quarter report and policies. (3) In the short term, we recommend that you continue to buy stocks on dips: first, electronics (consumer electronics, semiconductors), communications (commercial aerospace, computing infrastructure), computers (Hongmeng, data elements), and media (games, AI applications) with positive policy and industry trends; second, core assets (electricity, medicine, and consumption) that may benefit from the improvement of fundamentals and the inflow of foreign capital; third, construction and low-valuation state-owned enterprises in the cycle. (Reprinted from: Jinshi Data)