The Huayuan Securities Research Report points out that it continues to be optimistic about soft magnetic materials and copper alloy material tracks. Soft magnetic materials are expected to continue to benefit from the development trend of the electronic power industry. In terms of electricity, the investment boom in new energy and power grids continues to be transmitted. For example, alloy soft magnetic powder core stations stabilize photoelectric storage vehicle pile terminal applications, amorphous alloys benefit distribution transformers and overseas export demand; in electronics, trends in the computing power industry are driving the release of demand for high-performance soft magnetic materials, such as chip inductors with high power and low loss and corresponding magnetic materials. Copper alloy basic plates benefit from pro-cyclical economic recovery, and incremental logic is expected to be driven by computing power servers to fulfill long-term demand for copper cables and copper connectors. Recommended attention: Platinum New Materials, Yue'an New Materials, Wall Nuclear Materials, etc.