According to the Research Reports from CITIC SEC, there is a high probability that the stimulus policies for the Autos Industry will continue in 2025. It is expected that the total automobile sales in China will increase by 6.4% year-on-year in 2025, and signs of the industry emerging from the competitive environment are already evident. Continued prosperity in overseas markets, accelerated penetration of autonomous driving, and humanoid Siasun Robot&Automation are expected to be the most prominent industry trends next year, which will also provide dual driving forces of performance and valuation for the Autos Industry. We currently maintain a rating of "Outperform" for the Autos Sector.