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Cinda securitiesabugarciapromax3l: The downstream manufacturing industry is expected to continue to perform strongly, and the middle and upper reaches will improve marginally. Securities Times News, Cinda Securities Research News pointed out that the downstream manufacturing industry is expected to continue to perform strongly, and the middle and upper reaches will improve marginally. (1) The profits of downstream manufacturing industry haveabugarciapromax3l...

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Cinda Securities: The downstream manufacturing industry is expected to continue to perform strongly, and the middle and upper reaches will improve marginally. Securities Times News, Cinda Securities Research News pointed out that the downstream manufacturing industry is expected to continue to perform strongly, and the middle and upper reaches will improve marginally. (1) Downstream manufacturing profits are expected to continue to perform strongly against the background of policy support and improving exports. (2) Commodity prices generally strengthened in April, and the prices of cement and rebar, including domestically priced prices, also showed signs of stabilizing and recovering. The profit proportion of the middle and upper reaches industries may improve marginally. (3) In an environment of sluggish domestic demand, the increase in upstream raw material prices may squeeze the profits of the downstream consumer goods industry, and it may be necessary to be vigilant against the decline in downstream consumer goods profits. Proofread: Peng Qihua

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