2025 年 02 月 17 日 每日信息速递 证券研究报告-每日信息速递 晨会 分析师：徐伟 资格证书：S1330514080001 联系邮箱：xuw@hxzb.cn 联系电话：028-86199181 相关研究 每日信息速递 2025.02.14 2025.02.14 每日信息速递 2025.02.13 2025.02.13 每日信息速递 2025.02.12 2025.02.12 每日信息速递 2025.02.17 【财经要闻速递】 最高人民法院、司法部联合印发《关于充分发挥仲裁职能作用 服务 粤港澳大湾区高质量发展的意见》 中国 1 月人民币贷款增 5.13 万亿，人民币存款增 4.32 万亿元 央行：2024 年四季度末 金融机构人民币各项贷款余额 255.68 万亿 元 工业和信息化部等五部门调整重大技术装备进口税收政策有关目录 证监会就《上市公司募集资金监管规则（征求意见稿）》公开征求意 见 【行业要闻速递】 国家发改委等部门发布《关于开展物流数据开放互联试点工作的通 知》 2024 年我国规模以上机械工业增加值同比增长 6% 中国信通院：2024 年 12 月国内市场手机出货量 3452.8 ...

截至 2 月 14 日，1 个月期、3 个月期、6 个月期、1 年期、3 年期、 5 年期、10 年期、30 年期国债到期收益率分别为 1.4352%、1.4112%、 1.3870%、1.3795%、1.3747%、1.4804%、1.6546%、1.8200%，较 2 月 8 日分别变动 9.26BP、2.87BP、6.89BP、15.24BP、9.89BP、 8.59BP、4.89BP、1.50BP。 外汇市场： 市场流动性周报 （2025.02.10-2025.02.14） 公开市场操作： 2025 年 2 月 10 日-2025 年 2 月 14 日，央行公开市场开展逆回购 操作投放 10303 亿元，国库现金定存投放 900 亿元，逆回购到期 16052 亿元，总计实现净回笼 4849 亿元。本周预计将有逆回购到 期 10443 亿元，MLF 到期 5000 亿元。 货币市场： 截至 2 月 14 日，银行间同业拆借加权平均利率较 2 月 8 日变动 13.95BP 至 1.97%，质押式回购加权平均利率较 2 月 8 日变动 24.18BP 至 2.01%；短期利率方面，隔夜 shibor、1 ...

Economic Overview - The central bank aims to maintain ample liquidity to align social financing scale and money supply growth with economic growth and price level expectations [3][4][8] - In 2024, the GDP is expected to grow by 5%, with stable employment and prices, reflecting effective social expectations and the development of new economic drivers [3][5] Monetary Policy - The monetary policy will focus on reasonable growth in money and credit, with two reserve requirement ratio cuts totaling 1 percentage point, providing over 2 trillion yuan in long-term liquidity [4][5] - The social financing scale and broad money supply (M2) are projected to grow by 8.0% and 7.3% year-on-year, respectively, with the loan balance reaching 255.7 trillion yuan [5][6] Consumer Market Insights - The Chinese consumer market is experiencing a resurgence, with a 10.8% year-on-year increase in daily sales during the recent Spring Festival, indicating rising confidence in economic development [9][10] - The growth in consumption and service sectors is expected to further enhance the economic structure and internal momentum [10] Industry Developments - In January 2025, the National Medical Products Administration approved the registration of 376 medical device products, indicating a robust regulatory environment for the healthcare sector [14] - The State Council approved the "Wuhan Urban Spatial Overall Plan (2021-2035)", focusing on sustainable urban development and resource management [14][17] Local Government Initiatives - The Shanghai government has introduced a comprehensive policy package to promote economic recovery, focusing on fiscal and financial policies, consumption stimulation, and effective investment [14][20] - The Henan provincial government is supporting the high-quality development of the Yu商 Economic and Technological Development Zone, aiming to attract foreign investment and enhance industrial transformation [19] Company-Specific Announcements - Jindi Group reported a signing amount of 2.25 billion yuan in January, a year-on-year decrease of 59.10% [20] - Huayou Cobalt's controlling shareholder plans to increase its stake in the company by 300 million to 600 million yuan [22] - Weixin Kang's subsidiary received a drug registration certificate for inhaled acetylcysteine solution, expanding its product offerings [24]

晨 会 · 每 日 信 息 速 递 · 证 券 研 究 报 请务必阅读报告正文后各项声明 1 / 9 告 冀凯股份："机器人概念" 业务对短期业绩影响有限 神农集团 2025 年 1 月售猪 22.76 万头收入 3.76 亿 普门科技：控股子公司取得医疗器械注册证 中国神华：已支付 8.53 亿元收购"杭锦能源"100%股权对价 昂利康：子公司非那雄胺原料药获上市批准通知书 陕建股份：2025 年 1 月中标多项 5 亿以上重大施工项目 每日信息速递 【财经要闻速递】 2025 年 02 月 13 日 每日信息速递 证券研究报告-每日信息速递 晨会 分析师：徐伟 资格证书：S1330514080001 联系邮箱：xuw@hxzb.cn 联系电话：028-86199181 相关研究 每日信息速递 2025.02.12 2025.02.12 每日信息速递 2025.02.11 2025.02.11 每日信息速递 2025.02.10 2025.02.10 每日信息速递 2025.02.13 【财经要闻速递】 中国人民银行将在港发行两期共 600 亿元央行票据 国家统计局将夯实支撑高质量发展统计指标体系 最高法发 ...

【个股重要公告】 晨 会 · 每 日 信 息 速 递 · 证 券 研 2025 年 02 月 12 日 每日信息速递 证券研究报告-每日信息速递 晨会 分析师：徐伟 资格证书：S1330514080001 联系邮箱：xuw@hxzb.cn 联系电话：028-86199181 相关研究 每日信息速递 2025.02.11 2025.02.11 每日信息速递 2025.02.10 2025.02.10 每日信息速递 2025.02.07 2025.02.07 每日信息速递 2025.02.12 【财经要闻速递】 国家发展改革委：地方融资信用服务平台完成优化整合 中国中小企业协会：1 月中国中小企业发展指数小幅上升 广东：到 2027 年建设 20 个"产业集群+跨境电商"试点 海南：不断优化 EF 账户政策，提升自贸港资金跨境流动的便利化水 平 截至 2024 年末 深圳银行业绿色信贷余额首破万亿元大关 【行业要闻速递】 乘联分会：2024 年全年的汽车行业收入超 10 万亿元 同比增长 4% 乘联分会：2025 年 2 月中国乘用车市场销量预计将保持稳步增长 工业和信息化部：2024 年 1—12 月全国家用电 ...

2025 年 02 月 10 日 每日信息速递 证券研究报告-每日信息速递 晨会 分析师：徐伟 资格证书：S1330514080001 联系邮箱：xuw@hxzb.cn 联系电话：028-86199181 相关研究 每日信息速递 2025.02.07 2025.02.07 每日信息速递 2025.02.06 2025.02.06 每日信息速递 2025.02.05 2025.02.05 每日信息速递 2025.02.10 【财经要闻速递】 中国连续 8 年保持货物贸易第一大国地位 1 月末我国外储规模为 32090 亿美元 央行黄金储备连续第三个月增 加 中国证监会发布《关于资本市场做好金融"五篇大文章"的实施意见》 教育部修订相关办法细化规范跨省转学、省内转学等学籍变动条件 市场监管总局出台两个《清单》优化消费环境 【行业要闻速递】 2025 年春运全国铁路累计发送旅客超 3 亿人次 中汽协：2024 年汽车零部件类产品出口金额累计达 1056.1 亿美元 同比增长 6.8% 国家药监局出台新规 支持化妆品原料创新 六部门印发《天然林保护修复中长期规划》 国家金融监管总局：开展保险资金投资黄金业务试点 【个 ...

2025 年 02 月 06 日 每日信息速递 证券研究报告-每日信息速递 晨会 分析师：徐伟 资格证书：S1330514080001 联系邮箱：xuw@hxzb.cn 联系电话：028-86199181 相关研究 每日信息速递 2025.02.05 2025.02.05 每日信息速递 2025.01.27 2025.01.27 每日信息速递 2025.01.24 2025.01.24 每日信息速递 2025.02.06 【财经要闻速递】 央行：2025 年 1 月对金融机构开展常备借贷便利操作共 171.05 亿元 2025 年春节假期国内出游 5.01 亿人次 同比增长 5.9% 国家税务总局：春节假期全国消费相关行业日均销售收入较去年增 长 10.8% 国家发展改革委优化调整国家物流枢纽规划布局 A 股未来三年将迎万亿元保险增量资金 【行业要闻速递】 春节假期全国揽投快递包裹超 19 亿件 增长态势良好 广电总局发布通知 进一步促进网络微短剧行业健康繁荣发展 创新高！2025 年春节档电影票房破 95 亿元 世界黄金协会：2024 年全球黄金年度需求总量 4975 吨 创历史新高 国家粮食和储备局对进一 ...

Economic News Summary - The US announced a 10% tariff on Chinese goods, which has faced widespread opposition domestically and internationally [3][4] - China's service trade has surpassed $1 trillion for the first time, with a total import and export value of 7.5 trillion yuan in 2024, marking a 14.4% year-on-year increase [4][5] - The January Caixin China Manufacturing PMI reported at 50.1, indicating continued expansion in the manufacturing sector [7] Company Announcements - Hunan Baiyin expects a net profit of 130 million to 190 million yuan for 2024, reversing a loss from the previous year [39] - Dongyue Silicon Material anticipates a net profit of 52 million to 62 million yuan for 2024, also recovering from a loss [40] - New Chai Co. forecasts a net profit increase of 106.52% to 169.1% for 2024, driven by improved product margins and tax benefits [41] - Shangluo Electronics expects a net profit growth of 85.34% to 126.52% for 2024, benefiting from a recovery in traditional electronics and emerging demands [42] - Shengbang Co. predicts a net profit increase of 60% to 90% for 2024, supported by business expansion and improved product structure [43]

Financial News Summary - In December 2024, the Ministry of Finance issued new local government bonds totaling 45.3 billion yuan, including 24.2 billion yuan in general bonds and 21.1 billion yuan in special bonds [4][5] - The average issuance interest rate for local government bonds in December 2024 was 2.13%, with general bonds at 1.84% and special bonds at 2.15% [4][5] - The Ministry of Commerce announced plans to boost consumption through various effective policy measures in 2025 [7][8] - The Ministry of Culture and Tourism introduced diverse measures to promote cultural and tourism consumption during the Spring Festival [9][10] - The Japanese central bank raised interest rates by 25 basis points to 0.50%, the highest level since October 2008 [13] Industry News Summary - The Ministry of Commerce reported that 792 million consumers applied for subsidies for 1,078.6 million digital products, including mobile phones [13] - Four ministries released the first guidance on promoting high-quality development of new energy vehicle insurance [14][15] - The Ministry of Industry and Information Technology is accelerating the establishment of a recycling system for lithium-ion batteries used in electric bicycles [17] - The China Gold Association projected that gold production in 2024 will reach 377.242 tons, a year-on-year increase of 0.56% [18][20] - Gold consumption in China for 2024 is expected to be 985.31 tons, a decrease of 9.58% compared to the previous year [21] Company Announcements Summary - Kangtai Biological announced the termination of its research on the inactivated COVID-19 vaccine [22] - Longjing Environmental expects a net profit increase of 57% to 67% in 2024, projecting a profit of 800 million to 850 million yuan [23] - Jianyou Co. anticipates a profit of 800 million to 1.05 billion yuan in 2024, marking a turnaround from losses [24] - China Shipbuilding Industry Corporation expects a profit of 1.15 billion to 1.35 billion yuan in 2024, also indicating a turnaround [25] - Datang Power expects a net profit increase of 208% to 252% in 2024, projecting a profit of approximately 4.2 billion to 4.8 billion yuan [28] - Zhinanzhen expects a net profit growth of 43.5% in 2024, with a proposed stock dividend of 10 shares for every 4.5 shares held [29] - Tongfu Microelectronics anticipates a net profit increase of 265.91% to 342.64% in 2024, driven by demand recovery in the semiconductor industry [30] - Juzan Optoelectronics expects a net profit growth of 61% in 2024, proposing a cash dividend of 1.6 yuan per 10 shares [32] - CIMC forecasts a net profit increase of 493% to 731% in 2024, driven by a recovery in the container transport industry [33]