端午假期全社会跨区域人员流动量超 6.3 亿人次 国家移民管理局：今年端午节期间 575.2 万人次出入境 较去年端午节 人力资源社会保障部就业促进司相关负责人介绍，即日起至 6 月 16 日，行动首 周将推出互联网、医药卫生、金融、能源制造等 4 个线上招聘专场，共有 2.6 万家用 人单位提供 25.9 万个岗位。 推出网络招聘专区，在中国公共招聘网、中国国家人才网、就业在线和各地公共 招聘网络平台开设"2024 年百日千万招聘专项行动"专区，设立岗位信息发布、特色 专场招聘、直播带岗、职业指导云课堂等专栏。 实源头治理微观基础。 2024 年 1-4 月，汽车零部件类产品出口金额累计达到 342.8 亿美元，同比增长 3.9%。（上海证券报） | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------|---- ...

Group 1 - The announcement from Kaimete Gas indicates that the Anqing Kaimete Gas facility will undergo scheduled maintenance starting June 8, 2024, for an estimated duration of 15 days [1] - In the first five months of 2024, China's general trade imports and exports reached 11.4 trillion yuan, marking a 5.6% increase, with exports at 6.56 trillion yuan (up 7.9%) and imports at 4.84 trillion yuan (up 2.7%) [2] - The processing trade saw a total of 3.02 trillion yuan in imports and exports, a 1.6% increase, with exports declining by 2.3% to 1.91 trillion yuan, while imports rose by 9.1% to 1.11 trillion yuan [2] Group 2 - The efficiency of the synthetic ammonia industry has reached internationally advanced levels, with significant improvements in the consumption of green electricity and green hydrogen [3] - The National Development and Reform Commission announced that by the end of 2025, the national crude oil processing capacity will be controlled within 1 billion tons [3] - The steel industry aims to reduce energy consumption per unit product by over 1% for blast furnaces and converters, and by over 2% for electric arc furnaces by the end of 2025 [4] Group 3 - In the first four months of 2024, China's service trade continued to grow rapidly, with a total import and export value of 2.43 trillion yuan, reflecting a year-on-year increase of 16.8% [5] - The travel service sector experienced significant growth, with imports and exports reaching 660 billion yuan, a 48.6% increase, making it the largest segment of service trade [5] - The automotive parts import value in April 2024 saw both month-on-month and year-on-year growth, reaching 2.59 billion USD, with a month-on-month increase of 9.2% and a year-on-year increase of 19.2% [9] Group 4 - In the first five months of 2024, China's total goods trade reached 17.5 trillion yuan, a year-on-year increase of 6.3%, with exports at 9.95 trillion yuan (up 6.1%) and imports at 7.55 trillion yuan (up 6.4%) [17] - The trade surplus expanded by 5.2% to 2.4 trillion yuan during the same period [17] - The import of major bulk commodities such as iron ore, coal, natural gas, and soybeans increased, with iron ore imports rising by 7% to 514 million tons [25]

市 场 研 究· 一 周 市 场 回 顾· 证 券 研 究 报 告 一周市场回顾 资料来源：Wind、香港交易所网站、宏信证券研究发展部 本周沪股通日均资金净流入 11.22 亿元，较上周日均多流入 14.99 亿元。截至目前，沪股通历史累计资金净流入升至 10329.55 亿元。 资料来源：Wind、宏信证券研究发展部 买入成交金额（亿元） 卖出成交金额（亿元） 资料来源：Wind、香港交易所网站、宏信证券研究发展部 强于大市：预期未来 6 个月内，行业涨幅强于沪深 300 指数 10%以上。 本周 A 股上证指数下跌 1.15%，收于 3051.28 点，深证成指下跌 1.16%，收于 9255.68 点，创业板指下跌 1.33%，收于 1781.07 点。 价值风格类板块代表指数上证 50、中证 100、沪深 300 分别下跌 0.20%、上涨 0.31%、下跌 0.16%，成长风格类板块代表指数中小 100、中证 500、中证 1000 分别下跌 0.50%、下跌 1.88%、下跌 3.76%。 请务必阅读报告正文后各项声明 2 / 7 图 6：沪股通净流入 资料来源：Wind、香港交易所网站、宏信证 ...

Key Points - The report highlights the ongoing recovery in the global manufacturing sector, with the global PMI for May reported at 49.8%, indicating a slight decline of 0.1 percentage points from the previous month, remaining below the neutral level of 50% for two consecutive months [17][41] - The automotive industry shows significant growth, with April exports of complete vehicles reaching 556,000 units, a year-on-year increase of 30.8%, and export value amounting to $10.7 billion, reflecting a 28.8% increase year-on-year [32][42] - The insurance industry is advancing with the release of two new standards for automotive risk testing, aimed at enhancing the assessment of vehicle safety and repair economics, which will support the integration of the insurance and automotive sectors [21][22][43] - The environmental sector is focusing on ultra-low emissions in the cement and coking industries, with guidelines issued to ensure compliance and monitoring of emissions [23][36] - The financial regulatory body is promoting the restructuring of village and town banks to enhance their quality and efficiency, emphasizing the importance of risk prevention and financial stability [46][48] Company-Specific Updates - New Hope reported a revenue of 2.098 billion yuan from pig sales in May, showing a month-on-month decline of 10.23% and a year-on-year decrease of 6.26% [40][49] - Pengding Holdings announced a consolidated revenue of 2.122 billion yuan for May, representing a year-on-year increase of 23.61% [66] - The company Hegang announced the successful commissioning of its second-phase project, which includes a 3700m³ blast furnace and a 250t converter [67] - Greenfield Machinery is investing 560 million yuan in a new project to produce 1.4 million units of general-purpose power machinery [68] - The company Shenlan Environment plans to issue mid-term notes not exceeding 2 billion yuan [69]

请务必阅读报告正文后各项声明 6 / 9 国际能源署：各国需努力实现"可再生能源 3 倍"目标 "可再生能源 3 倍"目标要求到 2030 年，全球可再生能源装机容量至少达到 1.1 万吉瓦。国际能源署在 4 日发布的一份追踪报告中指出，可再生能源是实现国际能源 和气候目标的关键，但是在此前提交的 194 份国家自主贡献中，只有 14 份明确设定 了 2030 年可再生能源总装机容量目标，总计仅为约 1300 吉瓦。 国际能源署署长法提赫·比罗尔表示，COP28 上设定的"可再生能源 3 倍"全球 目标仍然是可以实现的，各国政府必须迅速将承诺转化为行动计划。通过实现这一目 标，各国将有很大机会加快向更安全、更实惠和更可持续的能源系统迈进。 新城控股：5 月合同销售金额同比减少 41.67% 华安鑫创（300928）2024 年 6 月 5 日晚间公告称，收到奇瑞汽车股份有限公司奇 瑞汽车的项目定点通知，确定公司获得其某项目显示系统终端产品开发及供货资格， 该项目销售市场为全球范围。 请务必阅读报告正文后各项声明 7 / 9 鼎龙股份：5 月首次实现抛光硬垫单月销量破 2 万片单月历史新高 温氏股份（30049 ...

盟科药业：MRX-8 中国 I 期临床试验达到预期目标 金智科技（002090）2024 年 6 月 4 日晚间公告称，公司成功中标国家电网有限公 司数字化项目及国网省公司配网物资协议库存相关项目，累计中标金额 8817.2 万元。 每日信息速递 中国软件（600536）2024 年 6 月 4 日晚间公告称，拟收购子公司上海中软 30%股 权，采用分期支付方式支付不超过 1112 万元；同时拟收购子公司南京中软 30%股权， 支付价格不超 780 万元。 每日信息速递 中性（Neutral）：预期未来 6 个月内，股价相对沪深 300 指数的变动幅度介于-5%～+5%。 跟随大市：预期未来 6 个月内，行业涨幅相对沪深 300 指数的变动幅度介于-10%～+10%。 本公司具备证券投资咨询业务资格的说明： 请务必阅读报告正文后各项声明 10 / 10 每日信息速递 更好发挥"国聘"招聘平台作用，助力稳住高校毕业生就业基本盘。要加大对就业困 难地区毕业生的招聘力度，面向边疆民族地区高校、对口支援和定点帮扶县，有针对 性地设置就业岗位。要积极帮助残疾人实现就业，引导中央企业根据行业特性、岗位 职责，开发匹配残疾 ...

Group 1 - The manufacturing PMI in May 2024 rose to 51.7, the highest level since July 2022, indicating accelerated expansion in manufacturing activities [7] - The production index reached a new high since July 2022, while the new orders index slightly declined, suggesting a slowdown in external demand [4][7] - The logistics industry maintained an expansionary trend with a logistics index of 51.8% in May, despite a slight decrease from the previous month [25][28] Group 2 - The Ministry of Industry and Information Technology reported that the cultivation of quality enterprises has deepened, enhancing the innovation capabilities of small and medium-sized enterprises [9][12] - In 2023, over 11,000 enterprises participated in the "Hundred Events and Ten Thousand Enterprises" initiative, resulting in more than 20,000 cooperation intentions and contracts totaling over 530 billion yuan [12] - The national R&D expenditure intensity reached 2.5% in 2022, with 43 cities showing an increase in R&D intensity compared to the previous year [16] Group 3 - The "Three North" project funding was established to support integrated ecological protection and restoration efforts, focusing on key areas and enhancing policy precision [26][40] - The logistics sector showed signs of recovery, with the new orders index and average inventory turnover index rising, indicating improved demand and efficiency in warehousing [35][41] - The insurance market in China is projected to maintain a 7.7% annual growth rate over the next decade, solidifying its position as the second-largest insurance market globally [48]

Treasury Yield Changes - As of May 31, the yields for 1-month, 3-month, 6-month, 1-year, 3-year, 5-year, 10-year, and 30-year treasury bonds are 1.4916%, 1.5428%, 1.6099%, 1.6444%, 1.9360%, 2.0850%, 2.2926%, and 2.5552% respectively[1] - The yield changes compared to May 24 are +2.97BP, -1.78BP, +2.76BP, +0.69BP, -0.70BP, -1.10BP, -2.08BP, and +0.37BP respectively[1] Market Liquidity - From May 27 to May 31, the central bank conducted reverse repurchase operations totaling 6140 billion yuan, with 100 billion yuan maturing, resulting in a net injection of 6040 billion yuan[16] - The weighted average interbank lending rate changed by +0.82BP to 1.84% as of May 31[32] - The pledged repo weighted average rate changed by +4.93BP to 1.86%[32] Foreign Exchange Market - As of May 31, the USD/CNY central parity rate decreased by 14BP to 7.1088[18] - The USD/CNY spot exchange rate decreased by 7BP to 7.2440, which is 1352BP higher than the central parity rate[18] - The offshore USD/CNY spot exchange rate increased by 15BP to 7.2632, which is 192BP higher than the onshore spot rate[18]

Group 1 - The report highlights the ambitious global decarbonization plans and the increasing competitiveness of long-duration energy storage (LDES) against lithium-ion battery storage [3][5] - It notes that while most LDES technologies are still in early stages and have higher costs than lithium-ion batteries, some may achieve lower costs and longer storage durations [3][4] - China is leading in the cost reduction of mature technologies such as compressed air storage, flow batteries, and thermal storage, with investment costs in non-Chinese markets being significantly higher [4] Group 2 - The report indicates that LDES technologies have greater competitive opportunities in markets outside China due to higher lithium-ion battery prices in those regions [5] - It emphasizes the importance of policy support and new market mechanisms for the early deployment and commercialization of emerging storage technologies [77] - The report also discusses the potential for innovation and investment in long-duration storage technologies in the US and Europe, driven by ambitious clean energy goals and the need to reduce reliance on lithium resources [53]

市 场 研 究· 一 周 市 场 回 顾· 证 券 研 究 报 告 A 股市场： 本周两市 A 股日均成交金额为 7359.65 亿元，较上周减少 13.59%。 本周沪股通日均成交额 576.29 亿元，较上周日均减少 4.61%。其 中，本周日均买入成交额 286.26 亿元，减少 6.81%；本周日均卖 出成交额 290.03 亿元，减少 2.34%。 本周深股通日均资金净流出 7.56 亿元，较上周日均少流出 0.98 亿 元。截至目前，深股通历史累计资金净流入降至 8239.82 亿元。 请务必阅读报告正文后各项声明 1 / 7 资料来源：Wind、宏信证券研究发展部 图 2：主要指数落定 PE（TTM） 资料来源：Wind、宏信证券研究发展部 14 22 28 10 1412 23 23 38 0 20 40 上证综指 深证成指 创业板指 上证50 中证100 沪深300 中小100 中证500 中证1000 本周两市 A 股日均成交金额为 7359.65 亿元，较上周减少 13.59%。 图 4：各主要行业涨跌幅（%） 资料来源：Wind、宏信证券研究发展部 -6.00 -5.00 -4.00 ...