On October 22, Cheng Qiang, chief economist and research director of Debon Securities, said that from an industrial perspective, many main lines corresponding to new quality productivity are still maintaining high levels of prosperity. In the direction of the computing power industry chain, high-end equipment, autonomy and control, and new energy going overseas, the pace of order execution, capital expenditure, and profit fulfillment has remained stable, and there has been no fundamental change in the upward trend of the industry. A logical judgment is that in a context where core industries continue to be booming, if it is difficult for the index to obtain positive returns throughout the year and does not comply with the rules of fundamental pricing, profit growth itself forms an intrinsic driving force for valuation repair.

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