证券时报e公司讯，国泰君安研报表示，展望2024年第四季度及未来两年，短期来看，虽然基础化工板 块2024年的"金九银十"旺季不旺，但供给刚性的行业仍表现了较强的盈利韧性，如MDI、钛精矿、磷矿 石、三氯蔗糖等品种。 中长期来看，基础化工板块或有望于2025年逐步走出周期底部，开启温和复苏，推荐具备成本优势的龙 头白马以及具备成长趋势的优质企业。 ...

证券研究报告·公司点评报告·证券Ⅱ 国泰君安（601211） 事件点评：搭乘合并快车，看好公司前景 2024 年 11 月 13 日 买入（首次） | --- | --- | --- | --- | --- | --- | |------------------------------|---------|-----------------------------------|--------|----------------------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 35,471 | 36,141 | | 39,883 46,934 55,798 | | | 同比（ % ） | -17.16% | 1.89% | 10.35% | 17.68% | 18.89% | | 归母净利润（百万元） | | 11,507 9,374 10,847 13,662 16,348 | | | | | 同比（ % ） | -23.35% | -18.54% | 15.71% | ...

国泰君安（601211）2024年三季报点评 业绩超预期,自营业务收入显著增长 | --- | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------ ...

证券时报e公司讯，国泰君安研报表示，由于劳动力成本因素，纺织产业逐步向东南亚、南亚等地区转 移，同时美国等海外地区服装消费需求逐步向好，越南等地服装出口持续保持高增长，海外资本开支需 求有望增长。 工业缝纫机行业周期向上，同时在南亚、东南亚等地区出口需求持续改善，纺服设备需求向好，出海有 望加速。 ...

Event Overview - The 2024 "Shareholder Comes" National Finals, a competition focused on investor rights knowledge, was broadcasted on Hunan TV, Mango TV, and Fengmang APP on October 31 [1] - The event featured four teams: Guotai Junan Securities from Shanghai, Guosen Securities & Ping An Securities joint team from Shenzhen, Nanjing Securities from Jiangsu, and Eastmoney Securities from Tibet [1] Competition Structure - The finals consisted of four rounds: "Building Dreams Together," "Sword of First Strike," "Memory Telephone," and "Who is the Undercover" [1][2] - The first round, "Building Dreams Together," involved teams performing skits to educate on new policies and corporate governance under the new independent director regulations [1] - The second round, "Sword of First Strike," tested both accuracy and speed in answering questions, with Guotai Junan Securities taking the lead [1] - The third round, "Memory Telephone," challenged both individual knowledge and team coordination [1] - The fourth round, "Who is the Undercover," required strategic thinking and quick reactions, with the Guosen Securities & Ping An Securities joint team performing exceptionally well [2] Final Results - Guotai Junan Securities won the championship, while the Guosen Securities & Ping An Securities joint team secured second place [1][2] - The final championship round included both objective and subjective questions, with both teams performing equally well in the first round [2] - In the decisive "Last Stand" round, Guotai Junan Securities emerged victorious through a strategic approach to answering questions [2] Event Impact - "Shareholder Comes" is the first national securities and futures knowledge competition in China focused on investor rights, established in 2018 [2] - Over the past seven years, the event has promoted capital market policies, investor rights education, and the principles of rational, value, and long-term investment [2] - The event has garnered significant social influence, with over 28 million registered participants, making it a popular educational activity among investors [2]

%% %% 丨证券研究报告丨 公司研究丨点评报告丨国泰君安（601211.SH） [Table_Title] 国泰君安 2024 年三季报点评：自营推动业绩稳 步增长，Q3 单季利润实现高增 | --- | --- | |---------------------------------------------------------------------------------------------------------|-------| | | | | 报告要点 | | | [Table_Summary] 2024 年三季度单季利润同比高增，自营为业绩增长主要驱动。中长期来看，我们看好公司作为 | | | 行业龙头在机构经纪与交易业务领域的持续拓展，依托于资源禀赋逐步开展衍生品和配套业务 | | | 的发展前景。 | | | | | 分析师及联系人 [Table_Author] 吴一凡 程泽宇 SAC：S0490519080007 SAC：S0490524090001 SFC：BUV596 请阅读最后评级说明和重要声明 国泰君安（601211.SH） cjzqdt11111 相关研究 [Table_ ...

证券时报网讯，国泰君安研报指出，AI Agent强化与用户的语音交互，提升音频组件性能需求。 AutoGLM基于云侧大模型，终端硬件性能影响自动驾驶流畅度，驱动用户换机，带动上游产业链业绩 上行。 1）AutoGLM无需第三方App适配，通过无障碍服务权限实现多项跨页面操作。 AutoGLM具备语言与视觉理解能力，可理解用户语音指令，并通过向用户请求无障碍服务权限以及结 合Android intent可在没有第三方App授权的情况下打开相应App的基本页面及功能，并完成模拟点击、 活动等操作。 2）荣耀Magic 7全新发布，搭载L3级AI Agent，AI功能持续丰富。 3）iOS 18.1正式版发布，Siri自动驾驶可期。 未来苹果端侧大模型可根据用户与Siri的交互判断执行模式，根据对应执行模式选择具有相应功能的 appintent执行操作并输出结果，实现Siri的跨应用自主操作，预计该功能将于2025年上半年在美国推 出。 校对：刘榕枝 ...

证券时报网讯，国泰君安研报指出，家居与两轮车有望接力补贴，实现景气上行，关注头部企业估值及 业绩弹性。 随家居及两轮车行业以旧换新政策全国范围内逐步推广，头部公司凭借其品牌优势以及更合规的内部管 理，有望在补贴释放过程中获取更高的市场份额，进而进一步扩张市占率。 从节奏上看，家居板块节奏先于两轮车，四季度终端的弹性值得期待。 两轮车在2025年则有望迎接新国标和以旧换新政策共振周期。 校对：刘榕枝 ...

证券时报e公司讯，国泰君安研报表示，家居与两轮车有望接力补贴，实现景气上行，关注头部企业估 值及业绩弹性。 随家居及两轮车行业以旧换新政策全国范围内逐步推广，头部公司凭借其品牌优势以及更合规的内部管 理，有望在补贴释放过程中获取更高的市场份额，进而进一步扩张市占率。 节奏上看，家居板块节奏先于两轮车，四季度终端的弹性值得期待。 两轮车在2025年则有望迎接新国标和以旧换新政策共振周期。 ...

公司报告 | 公司定期报告点评 | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...