Huayuan Securities research report pointed out that it is recommended to focus on investment opportunities in soft magnetic and copper alloy materials: 1) Soft magnetic materials: continue to benefit from the development trend of the electronic and electrical power industry. In terms of electricity, the prosperity of new energy and power grid investment continues to spread. Alloy soft magnetic powder cores are stable in light storage and electric vehicle charging pile terminal applications, and amorphous alloys benefit from the prosperity of distribution transformers and overseas export demand; In terms of electronics, AI computing industry promotes the release of high-performance soft magnetic material demand, high-power and low-loss chip inductors are applied and expanded in computing graphics cards. 2) Copper alloy materials: the base benefits from the cyclical economic recovery, under the trend of the computing industry, copper cables and connectors are expected to create incremental demand, and the GB200 industry chain is gradually catalyzed. Recommendations: Shenzhen Woer Heat-shrinkable Material, Poco Holding, Yunlu Shares, etc.