CITIC Securities: Seize the growth opportunities of new materials emerging in industries such as electronics and humanoid robots.

Jinshi data news on December 27th, TF Securities research report pointed out that material empowerment strategic emerging industry development. In the new round of technological revolution and industrial change, it has been repeatedly emphasized the key follow AI Computing Power enhancement and high power density of power devices, corresponding to the two major high-boom industries of electronics and power. AI Computing Power demand is leading the direction of material change, high power, high frequency, and high heat dissipation performance have become the main demand. At the same time, AI empowers the iterative upgrade of consumer electronics, and high-end promotion drives demand increment. Under the trend of high power density, high-performance semiconductor materials, magnetic materials, etc. become the preferred options. In addition, AI applications open up new blue ocean, among which the trend of humanoid robot industry is gradually established, bringing opportunities for lightweight materials and rare earth permanent magnet increment. Grasp the growth opportunities of new materials born for the electronics, power, and humanoid robot industries.