[Table_Industry] 【中泰传媒】广电、影视公司定增方案有序推进，看好相关领域投资机会 传媒 证券研究报告/行业点评报告 2024 年 8 月 11 日 [Table_ 评级：Invest 增持（] 维持 ） [Table_ 分析师：Authors 康雅雯 ] 执业证书编号：S0740515080001 电话：021-20315097 Email： kangyw@zts.com.cn 联系人：李昱喆 Email： liyz05@zts.com.cn [Table_Finance] 重点公司基本状况 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | 简称 | 股价 | | | EPS | | | | PE | | | PEG | 评级 | | | (元) | 2022 | 202 ...

、 发改委发布 REITs 项目申报材料格式文本 房地产/公募 REITs 证券研究报告/行业研究周报 2024 年 8 月 11 日 [Table_Main] 评级：增持（维持） 分析师：由子沛 执业证书编号：S0740523020005 Email：youzp@zts.com.cn 分析师：陈希瑞 执业证书编号：S0740524070002 Email：chenxr@zts.com.cn [Table_Profit] 基本状况 上市 REITs 数 40 行业总市值(亿元) 1182.68 行业流通市值(亿元) 元) 599.92 [Table_QuotePic] 行业-市场走势对比 75% 95% 115% 135% REITs指数 上证指数 [相关报告 Table_Report] -行业研究周报 [公募Table_Summary] REITs 行业周报-20240811 ◼ 一周行情回顾 本周 REITs 指数上涨 2.71%，其中经营权类上涨 0.92%，产权类上涨 2.77%。沪 深 300 累计下跌 1.56%，中证 500 指数下跌 1.43%，中证全债指数下跌 0.04%， 中债 1 年期国 ...

Investment Rating - The report suggests a positive investment outlook for the coal industry, highlighting opportunities arising from policy catalysts and the integration of coal and electricity operations [2][6]. Core Insights - The coal-electricity integration is encouraged by policies, enhancing the stability and profitability of coal enterprises [2][19]. - The role of coal in peak regulation is increasingly significant, as it provides stability to the power grid amidst the growing demand for electricity and the expansion of renewable energy sources [2][13]. - The report emphasizes the need for coal-fired power to meet the rising peak load demands, especially as renewable energy sources face intermittency issues [2][16]. Summary by Sections Coal as a Stabilizing Force - The coal-electricity sector remains a dominant force in China's energy landscape, with coal-fired power generation accounting for 69.9% of total electricity generation in 2023, despite a decline in installed capacity share [2][11]. - The overall electricity consumption in China is projected to continue growing, with a compound annual growth rate (CAGR) of 8.2% from 2003 to 2023 [6][11]. Peak Regulation Role of Coal - The report highlights the increasing demand for coal-fired power to provide peak regulation, as the highest electricity load reached 133,914 MW in 2023, indicating a growing pressure on the power grid [2][16]. - Policies are being implemented to enhance the flexibility of coal-fired power plants, allowing them to better respond to fluctuating electricity demands [2][13]. Coal-Electricity Integration - The integration of coal and electricity operations is seen as a solution to the profitability imbalance between coal producers and electricity generators, which often experience opposing profit trends based on coal prices [2][17]. - The report notes that the coal-electricity integration model has seen significant growth, with a compound annual growth rate of 14.6% from 2016 to 2021, indicating a strong trend towards this operational model [2][19]. Market Dynamics and Policy Catalysts - The report discusses the tightening of long-term coal supply contracts and the impact of market price regulations on coal enterprise profitability, suggesting that coal companies are facing squeezed margins [2][19]. - The marketization of coal-fired electricity pricing is expected to enhance the profitability of power plants, with new pricing mechanisms being introduced in 2024 [2][19]. Investment Recommendations - The report recommends investing in coal enterprises, particularly those involved in coal-electricity integration, as they are expected to benefit from favorable policies and market conditions [2][19].

、 需求预期不悲观，超跌布局再提示 煤炭 证券研究报告/行业周报 2024 年 8 月 10 日 评级：增持（ 维持 ）[Table_Finance] 重点公司基本状况 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------------------|-------------|-----------|-----------|-----------|-----------|----------|----------|----------|-----------|----------| | 分析师：杜冲分析师：杜冲 执业证书编号：S0740522040001 | | 简称 | 股价元) | 2023 | 2025E | 2026E | 2023 | 2024E | PE 2025E | 2026E | PB | 评级 | | 电话： | | 山西焦煤 潞安环能 | 8 ...

执业证书编号：S0740522020001 Email：zengbiao@zts.com.cn 执业证书编号：S0740522040004 Email：wupeng@zts.com.cn 执业证书编号：S0740522080002 Email：zhubr@zts.com.cn 执业证书编号：S0740522100005 Email：zhaoyp02@zts.com.cn 上市公司数 379 行业总市值(亿元) 44,518 行业流通市值(亿元) 37,703 [基Ta本bl状e_况Profit] [行Ta业bl-市e_场Qu走ot势eP对ic比] 、 河北 500MW 海风核准，辽宁十四五海风规划获批 电力设备与新能源 证券研究报告/行业周报 2024 年 8 月 11 日 [重Ta点bl公e_司Fi基na本nc状e]况 评级：增持（ 维持 ） PEG 评级 科达利 71.51 4.45 5.41 6.66 8.11 16.06 13.22 10.74 8.82 0.6 买入 宁德时代 170.00 10.03 11.97 14.75 17.59 16.95 14.20 11.53 9.66 0.7 买入 天 ...

、 计算机 证券研究报告/行业点评报告 2024 年 08 月 11 日 | --- | --- | --- | |-------|------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

评级：增持(维持) 执业证书编号：S0740523030001 Email：zhangxiao06@zts.com.cn 分析师：郭美鑫 执业证书编号：S0740520090002 Email：guomx@zts.com.cn 分析师：邹文婕 执业证书编号：S0740523070001 Email：zouwj@zts.com.cn 分析师：吴思涵 执业证书编号：S0740523090002 Email：wush@zts.com.cn [基Ta本ble状_P况rofit] 轻工公司数（申万分类） 152 轻工行业总市值（亿元） 7,009 轻工行业流通市值（亿元） 2,849 纺服公司数（申万分类） 104 纺服行业总市值（亿元） 5,033 纺服行业流通市值（亿元） 1,994 [重Ta点ble公_F司in基anc本e]状况 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------|-------|-------|-------|-------|-------|-------|-------|-------| ...

评级：增持（维持） 分析师：陈宁玉 执业证书编号：S0740517020004 Email：chenny@zts.com.cn 分析师：杨雷 执业证书编号：S0740524060005 Email：yanglei01@zts.com.cn 研究助理：佘雨晴 Email：sheyq@zts.com.cn [Table_Profit] 基本状况 行业流通市值(百万元) 1224665 上市公司数 123 行业总市值(百万元) 3896003 [Table_QuotePic] 行业-市场走势对比 公司持有该股票比例 [Table_Report] 相关报告 、 G60 首批卫星升空入轨，需要关注哪些变化？ -中泰通信行业周报（0805-0811） 通信 证券研究报告/行业周报 2024 年 8 月 11 日 [Table_Finance] 重点公司基本状况 [投资要点 Table_Summary ] ◼ 本周沪深 300 下跌 1.56%，创业板下跌 2.60%，其中通信板块下跌 3.74%，板块价格 表现弱于大盘；通信（中信）指数的 123 支成分股本周内换手率为 1.65%；同期沪深 3 00 成份股换手率为 0 ...

[Table_ 评级：Invest 增持（] 维持 ） [Table_ 分析师 戴志锋 Authors] 执业证书编号：S0740517030004 Email： daizf@zts.com.cn 分析师 邓美君 执业证书编号：S0740519050002 Email： dengmj@zts.com.cn 分析师 马志豪 执业证书编号：S0740523110002 Email： mazh@zts.com.cn [Table_Profit] 基本状况 上市公司数 42 行业总市值(亿元) 80,000 行业流通市值(亿元) 20,154 [Table_QuotePic] 行业-市场走势对比 -19.00% -14.00% -9.00% -4.00% 1.00% 6.00% 11.00% 银行(申万) 沪深300 公司持有该股票比例 [Table_Report] 相关报告 [Table_Industry] 银行 2024 年 2 季度经营数据： 净息差 1.54%，净利润同比+0.36%；息差企稳，不良改善 行业名称 银行 证券研究报告/行业季度报告 2024 年 8 月 10 日 [Table_Finance] ...

、 CPI 同比涨幅扩大，茅台稳健增长 -周思考（第 32 周) 评级：增持（维持） 分析师：范劲松 执业证书编号：S0740517030001 电话：021-20315138 Email：fanjs@zts.com.cn 分析师：晏诗雨 执业证书编号：S0740523070003 Email：yansy@zts.com.cn 分析师：熊欣慰 执业证书编号：S0740519080002 Email：xiongxw@r.qlzq.com.cn Email：xiongxw@zts.com.cn 分析师：何长天 执业证书编号：S0740522030001 Email：hect@zts.com.cn 分析师：赵襄彭 执业证书编号：S0740524010001 E-mail：zhaoxp@ zts.com.cn [Table_Profit] 基本状况 | --- | --- | |--------------------|-----------| | 上市公司数 | 123 | | 行业总市值(亿元) | 44,359.13 | | 行业流通市值(亿元) | 19,367.13 | [Table_QuotePic] 行 ...