[Table_RightTitle] 证券研究报告|商贸零售 行 [Table_Title] [Table_IndustryRank] 业 强于大市 研 1 月印度天然钻石毛坯进口同比大幅上涨 (维持) 究 [Table_ReportType] [Table_ReportDate] ——钻石行业跟踪报告 2024年03月01日 [Table_Summary] [行Ta业ble相_C对ha沪rt] 深 300 指数表现 投资要点： ⚫ 1月培育钻石数据： 商贸零售 沪深300 5% 0% ➢ 印度培育钻石毛坯进口额同比增速放缓，出口同比由负转正。据 -5% 行 -10% GJEPC 数据显示，2024 年 1 月印度培育钻石毛坯进口额为 1.39 业 -15% -20% 亿美元，同比+5.33%，增速放缓；培育钻石裸钻出口额为1.14亿 跟 -25% -30% 美元，同比+10.33%，由负转正。 踪 -35% -40% 报 ➢ 印度培育钻石出口渗透率同比上升，进口渗透率同比下降。据 -45% 告 GJEPC 数据显示，2024 年 1 月印度培育钻石出口端渗透率为 数据来源：聚源，万联证券研究所 8.93%， ...

[Table_RightTitle] 证券研究报告|传媒 公 [Table_Title] [Table_StockRank] 司 2023 年稳中有进，指标向好，多平台协同拓 增持 (维持) 研 3243 究 展内容生态 [Table_StockName] [Table_ReportDate] ——芒果超媒（300413）点评报告 2024年02月29日 [报Ta告ble关_S键um要m素ar:y ] [基Ta础ble数_B据ase Data] 公司披露 2023年业绩快报，2023年实现全年营业收入 146.31亿元， 总股本（百万股） 1,870.72 较2022年（追溯调整后）139.77亿元同比增长4.68%；由于公司根据 流通A股（百万股） 1,021.70 相关规定对当期企业所得税费用进行调整，可净额确认递延所得税资产 收盘价（元） 24.78 公 金额约 16.28 亿元计入非经常性损益，2023 年实现归母净利润 35.59 总市值（亿元） 463.56 司 亿元，较2022年（追溯调整后）18.64亿元同比增长90.90%；扣非归 流通A股市值（亿元） 253.18 点 母净利润 16.96 ...

[Table_RightTitle] 数据来源：携宁科技云估值,万联证券研究所 [Table_Title] 营收提速增长，把握海外市场机遇 [Table_StockName] ——中望软件（688083）点评报告 [Table_ReportDate] 2024 年 03 月 01 日 [Table_Summary] 报告关键要素: 公司公告 2023 年业绩快报，预计实现营业收入 8.24 亿元，同比增长 37.18%；实现归母净利润 6225.50 万元，同比增长 887.90%；实现扣非 归母净利润-7803.44 万元，2022 年同期为-6741.34 万元。 投资要点: 积极开拓海内外市场，Q4 单季度营收提速增长。公司业绩快报整体符 合预期，2023 年营收增速为 37.18%，略高于此前业绩预告营收 35.00% 至 39.00%增速的区间中值；归母净利润为 6225.50 万元，同样略高于 业绩预告归母净利润 5500.00 万元至 6600.00 万元的区间中值。单季 度看，公司 2023Q4 营业收入预计为 3.59 亿元，同比增长 42.89%，增 速高于 2023 年前三季度累计营收同 ...

[Table_RightTitle] 证券研究报告|传媒 行 [Table_Title] [Table_IndustryRank] 业 1 月游戏市场同比微增，预期向好，腾讯系 强于大市 (维持) 研 3243 究 游戏表现突出 [Table_ReportType] [Table_ReportDate] ——传媒行业跟踪报告 2024年02月29日 [投Ta资ble要_S点um：m ary] [行Ta业ble相_C对ha沪rt] 深 300 指数表现 中国游戏市场：2024 年 1 月中国游戏整体市场收入同比增长 1.22%， 环比下降2.10%。1）中国整体游戏市场：1月份中国游戏市场实际销售 传媒 沪深300 60% 收入 243.46 亿元，环比下降 2.10%，同比逆转大幅下跌趋势，微幅回 50% 行 升1.22%；2）移动游戏市场：2024年1月，中国移动游戏市场实际销 40% 30% 业 售收入为176.87亿元，环比下降4.17%，同比小幅上升0.39%。由于1 20% 10% 跟 月临近春节，各大游戏活动亟待上线，我们预计2月份整体游戏市场流 0% -10% 踪 水有望呈现可观的增长幅度。 - ...

Investment Rating - The investment rating for the company is "Buy" [6][11]. Core Insights - The company has reported a robust growth in performance, with total revenue for 2023 reaching 9.042 billion yuan, a year-on-year increase of 20.14%. The net profit attributable to shareholders was 979.5 million yuan, up 18.39% year-on-year [3][4]. - The company is focusing on high-quality development through its two main business lines: financial technology and urban intelligence. The fourth quarter of 2023 is expected to see a revenue of 3.298 billion yuan, a growth of 20.20% year-on-year, and a net profit of 227 million yuan, reflecting a significant increase of 41.82% year-on-year [4][5]. - The company is actively transforming into a "data operator" and is expanding its public data operation business, including a project for the Guangzhou AI public computing center [4][5]. Financial Forecast - The adjusted revenue forecasts for 2023-2025 are 9.042 billion, 10.365 billion, and 11.675 billion yuan respectively, with net profits of 979.5 million, 1.146 billion, and 1.293 billion yuan [4][9]. - The earnings per share (EPS) are projected to be 0.39 yuan for 2023, 0.46 yuan for 2024, and 0.52 yuan for 2025 [5][10].

[Table_RightTitle] 证券研究报告|电子 行 [Table_Title] [Table_IndustryRank] 业 华为 Pocket 2 升级铰链及影像，折叠屏持 强于大市 (维持) 研 究 续渗透高端市场 [Table_ReportType] [Table_ReportDate] ——电子行业跟踪报告 2024年02月27日 5443 [行Ta业ble核_S心um观m点ar：y] [行Ta业ble相_C对ha沪rt] 深 300 指数表现 2月22日，华为举行了Pocket 2时尚盛典活动，发布了竖向折叠手机 Pocket 2，起售价为7499元。Pocket 2的价格定位在高端机型区间， 电子 沪深300 20% 与竞品相比，具备屏幕较大、数字变焦倍数更大、电池容量更大等优势， 15% 10% 行 且配备防晒检测、紫外线强度检测、双向北斗卫星消息等实用功能。 05 %% -5% 业 -10% -15% -20% 跟 投资要点： -25% -30% -35% 踪 ⚫ 华为发布竖向折叠机Pocket 2，铰链及影像技术为亮点：1）影像技术 报 方面，与前一代产品P50 Pocket对比， ...

[Table_RightTitle] 证券研究报告|传媒 行 [Table_Title] [Table_IndustryRank] 业 强于大市 研 2 月游戏版号维持高位，多款重点游戏过审 (维持) 究 [Table_ReportType] [Table_ReportDate] ——传媒行业快评报告 2024年02月28日 [行Ta业ble事_S件um：m ary] [行Ta业ble相_C对ha沪rt] 深 300 指数表现 2024年2月27日国家新闻出版署公告2月份游戏版号，共计 111款游戏 通过审批，维持高数量常态化发放节奏，包含有 101 款移动端、5 款客户 传媒 沪深300 60% 端，4 款同时获客户端和移动端版号以及 1 款同时获得游戏机端、移动端 50% 行 和客户端版号。包括游戏科学《黑神话：悟空》、叠纸《无限暖暖》、网易 40% 30% 业 《天启行动》、完美世界《完美新世界》、中青宝《毕业之后》《九州元意歌》 20% 10% 快 《梦境食旅》《职场浮生记》、阅文游戏《大奉打更人》等，仍以移动端游 0% -10% 评 戏为主，同时2月份版号审批变更信息中，网易《永劫无间》手游新增移 ...

Investment Rating - The report maintains an "Outperform" rating for the real estate industry [1]. Core Insights - The real estate sector index rose by 4.50% from February 19 to February 23, 2024, outperforming the Shanghai and Shenzhen 300 index, which increased by 3.71% [5]. - The report highlights significant policy changes, including adjustments to the minimum down payment ratios for first-time homebuyers in Hainan and Jinan, and the announcement of the loan market quotation rate (LPR) [1][15][17]. - Sales of commercial housing in major cities saw a substantial week-on-week increase of 780.06%, although year-on-year sales decreased by 72.58% [18]. Summary by Sections Market Review - The real estate index increased by 4.50%, outperforming the broader market [5]. - All sub-sectors within the real estate industry experienced gains, with property management leading at 10.25% [10]. Industry News and Policy Overview - Key policies include a reduction in the minimum down payment for first-time homebuyers in Hainan from 25% to 20% and similar adjustments in Jinan [15]. - The Ministry of Housing and Urban-Rural Development is focusing on urban renewal and affordable housing projects [1]. Sales and Land Market Conditions - The total area of commercial housing sold in 30 major cities reached 94.99 million square meters, marking a significant increase from the previous week but a decline compared to the same period last year [18]. - The supply of residential land decreased, with a total supply of 237.6 million square meters, down 62.08% year-on-year [29]. Financing Situation - The domestic bond issuance for the real estate sector amounted to 51.16 billion yuan in February 2024, with a total issuance of 209.49 billion yuan year-to-date [34]. Key Company Announcements - Significant announcements include the issuance of short-term financing bonds by various companies, including Shanghai Lingang and Tianjian Group, with interest rates around 2.27% to 3.64% [37][41].

[Table_RightTitle] 证券研究报告|计算机 行 [Table_Title] [Table_IndustryRank] 业 海内外 AI 产业持续焕新，全国开展数据资 强于大市 研 (维持) 究 源情况调查 [Table_ReportType] [Table_ReportDate] ——计算机行业周观点(02.19-02.25) 2024年02月26日 [行Ta业ble核_S心um观m点ar：y] [行Ta业ble相_C对ha沪rt] 深 300 指数表现 上周沪深300指数上涨3.71%，申万计算机行业上涨11.59%，领先于指数 计算机 沪深300 7.88pct，在申万一级行业中排名2位。本周建议重点关注AI大模型、数 30% 据要素产业链的投资机会。 20% 10% 行 投资要点： 0% 业 -10% 周 产业动态：AI：1）微软近日发布了开源自动化框架PyRIT，这是一款 -20% -30% 观 Python风险识别工具包，主要帮助安全专家和机器学习工程师识别生 -40% 点 成式AI的风险，阻止他们的人工智能系统失控。微软的AI Red Team已 经使用该工具，检查包括Copilo ...

Investment Rating - The report maintains a long-term positive outlook on the traditional Chinese medicine (TCM) sector, highlighting its attractive valuation levels and supportive policy environment [4][7]. Core Insights - The TCM industry is expected to experience long-term growth due to various factors, including aging population trends, policy reforms, and accelerated approval processes for innovative TCM drugs [2][4]. - The announcement of the privatization of China Traditional Chinese Medicine Holdings by China National Pharmaceutical Group is a significant development, suggesting potential benefits for state-owned enterprises in the TCM sector [3][7]. Summary by Sections 1. Market Review - From February 19 to February 25, 2024, the biopharmaceutical index rose by 2.09%, underperforming the CSI 300 index by 1.62 percentage points, ranking 31st among 31 sub-industries [3][11]. - The TCM sector's performance was ranked 5th among 8 sub-sectors in the pharmaceutical industry, with a 2.08% increase [3][14]. 2. TCM Industry Data Tracking - As of February 25, 2024, the TCM II (Shenwan) index's price-to-earnings (P/E) ratio was 24.43, ranking 5th among 8 sub-sectors in the pharmaceutical industry [3][29]. - Since the beginning of 2024, 8 new TCM drug varieties have received IND acceptance, and 8 have received NDA acceptance, indicating a robust pipeline for new products [36][40]. 3. Important News in the TCM Sector - China National Pharmaceutical Group announced plans to privatize China Traditional Chinese Medicine Holdings at a price of HKD 4.6 per share, representing a premium of approximately 34.11% [3][7]. - The National Healthcare Security Administration's leadership conducted research on medical security work in Fujian, indicating ongoing governmental interest in healthcare reforms [3][7]. 4. Important Announcements from TCM Listed Companies - During the week of February 19 to February 25, 2024, several TCM companies announced product approvals, performance forecasts, and management changes, reflecting active corporate developments within the sector [3][14].