策略：昨日三大指数走强，北向资金净流入 28.25 亿元。海外方面，2024 年度全球游戏 开发者大会（GDC）与英伟达 GPU 技术大会（GTC）召开，关注会议催化方向。市场方面， 随着上周会证监会进一步加大对上市公司违法行为的监督，市场整体情绪回暖明显，临 近年报预披露期，关注业绩预期改善的方向。 风险提示：政策不及预期；海外政策收紧超预期；海外黑天鹅事件扰动。 宏观 国家统计局数据显示，1—2 月份，社会消费品零售总额 81307 亿元， | --- | --- | --- | --- | |--------------------------------------------|-----------------------|--------------------------|---------------------------------------------| | 川财证券研究所晨报 \n所属部门：总量研究部 | | 报告类别：其他研究报告 | 报告时间：2024 年 03 月 19 日 | | 分析师：张卓然 | | 执业证书：S1100522070001 | 联系方式：zhangzhuo ...

川财证券研究报告 科技产业链核心数据跟踪 —行业跟踪 所属部门：行业公司部 报告类别：行业研究报告 报告时间：2024年2月22日 分析师：孙灿 执业证书：S1100517100001 联系方式：suncan@cczq.com 北京：东城区建国门内大街28号民生金融中心A座6层，100005 深圳：福田区福华一路6号免税商务大厦32层，518000 上海：陆家嘴环路1000号恒生大厦11楼，200120 成都：高新区交子大道177号中海国际中心B座17楼，610041 ❖ 跟踪点评 今日上证指数上涨 1.27%，沪深 300 上涨 0.86%，中证 1000 上涨 1.54%，创业板综上涨 1.54%，科创 50上涨0.96%，北证50上涨1.04%。申万行业分类中 31个一级行业分类 中，电子、通信、计算机和传媒行业分别实现2.04%、3.18%、3.69%和2.14%的涨跌幅， 分别排名6、3、2和5。 计算机板块中今日有多只股票涨停，无股票跌停。排名前三的股票为 ST 有棵树、中威 电子和维海德，涨跌幅分别为 20.21%、20.08%和 20.01%；排名后三的股票为*ST慧辰、 当虹科技和索辰科技， ...

1-2 月份，全国规模以上工业增加值同比增长 7.0%，比上年 12 月份加快 0.2 个百分点 1-2 月份，全国房地产开发投资 11842 亿元，同比下降 9.0% 国家发改委消息，本次汽、柴油价格不作调整，未调金额纳入下次调价时累加或冲抵 策略：昨日三大指数走强，北向资金净流入 28.25 亿元。海外方面，2024 年度全球游戏 开发者大会（GDC）与英伟达 GPU 技术大会（GTC）召开，关注会议催化方向。市场方面， 随着上周会证监会进一步加大对上市公司违法行为的监督，市场整体情绪回暖明显，临 近年报预披露期，关注业绩预期改善的方向。 【川财研究】策略点评：两会召开，全年经济增长目标 5%（20240305） 点评 拟连续几年发行超长期特别国债。政府工作报告指出从今年开始拟连续几年发行超长期 特别国债，专项用于国家重大战略实施和重点领域安全能力建设，今年先发行 1 万亿元。 而这也与会议提到的财政政策要适度加力、提质增效相符。这也能够有效为 2024 年经 济"稳增长"打基础。 风险提示：政策不及预期；海外政策收紧超预期；海外黑天鹅事件扰动。 1/6 部门 团队 观点 宏观 国家统计局数据显示，1—2 ...

Investment Rating - The report does not explicitly provide an investment rating for the public utilities industry or coal sector, but it mentions the performance of these sectors in the market [2]. Core Insights - The public utilities sector and coal sector showed varied performance, with coal ranking first among 31 primary industry classifications with a gain of 5.04%, while public utilities ranked 17th with a gain of 1.03% [2]. - In the coal sector, two stocks hit the daily limit up, with the top three performers being Yunmei Energy (10.12%), Pingmei Shares (10.02%), and Xinjie Energy (9.30%) [2]. - The public utilities sector had no stocks hitting the daily limit up or down, with the top three performers being Qianyuan Power (8.05%), Lingda Shares (5.79%), and ST Shengda (4.92%) [2]. Industry News - The Ministry of Industry and Information Technology issued the "Guidelines for the Construction of Carbon Peak and Carbon Neutrality Standard System in the Industrial Field," aiming to establish a preliminary standard system by 2025 and a more comprehensive system by 2030 [3].

川财证券研究报告 先进制造产业链核心数据跟踪 —行业跟踪 所属部门：行业公司部 报告类别：行业研究报告 报告时间：2024年2月22日 分析师：孙灿 执业证书：S1100517100001 联系方式：suncan@cczq.com 北京：东城区建国门内大街28号民生金融中心A座6层，100005 深圳：福田区福华一路6号免税商务大厦32层，518000 上海：陆家嘴环路1000号恒生大厦11楼，200120 成都：高新区交子大道177号中海国际中心B座17楼，610041 ❖ 跟踪点评 今日上证指数上涨 1.27%，沪深 300 上涨 0.86%，中证 1000 上涨 1.54%，创业板综上涨 1.54%，科创 50上涨0.96%，北证50上涨1.04%。申万行业分类中 31个一级行业分类 中，机械设备、国防军工和电力设备分别实现 1.67%、1.38%和0.81%的涨跌幅，分别排 名7、9和22。 机械设备板块中今日有多只股票涨停,无股票跌停。排名前三的股票为安控科技、光智 科技和英特科技，涨跌幅分别为 15.90%、12.18%和 11.88%；排名后三的股票为蓝盾光 电、海川智能和黄河旋风，涨跌幅分别为 ...

川财证券研究报告 光伏行业数据跟踪 —行业跟踪 所属部门：行业公司部 报告类别：行业研究报告 报告时间：2024年4月9日 联系方式：suncan@cczq.com 分析师：孙灿 执业证书：S1100517100001 北京：东城区建国门内大街28号民生金融中心A座6层，100005 深圳：福田区福华一路6号免税商务大厦32层，518000 上海：陆家嘴环路1000号恒生大厦11楼，200120 成都：高新区交子大道177号中海国际中心B座17楼，610041 ❖ 市场行情 截至2024年 4月9日收盘，上证指数上涨 0.05%，深证成指上涨0.58%，创业板指上涨 1.14%，沪深300下跌 0.08%，申万电力设备指数上涨 2.15%，同期申万光伏设备指数上 涨1.56%，跑赢沪深 300 指数1.64个百分点，跑输申万电力设备指数 0.59 个百分点。 今日三大指数早市区间震荡，尾盘拉升最终收红，光伏设备板块全天高位震荡。价格方 面，今日申万光伏设备指数收于 5952.06点，当前市盈率为 12.12；从个股表现来看（以 申万光伏设备57只成分股为样本），今日板块涨多跌少，整体表现较好，仅 3只个股收 ...

| --- | --- | --- | --- | |--------------------------------------------|-----------------------|--------------------------|---------------------------------------------| | 川财证券研究所晨报 \n所属部门：总量研究部 | | 报告类别：其他研究报告 | 报告时间：2024 年 03 月 19 日 | | 分析师：张卓然 | | 执业证书：S1100522070001 | 联系方式：zhangzhuoran@cczq.com | | 北京：东城区建国门内大街 28 号民生金融中心 | A 座 6 层，100005 | 深圳：福田区福华一路 | 6 号免税商务大厦 32 层，518000 | | 上海：陆家嘴环路 1000 号恒生大厦 11 | 楼，200120 | 成都：高新区交子大道 | 177 号中海国际中心 B 座 17 楼，610041 | 研究报告 风险提示：政策不及预期；海外政策收紧超预期；海外黑天鹅事件扰动。 总量研究 策略 昨 ...

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into market performance and investment opportunities in the technology manufacturing sector. Core Insights - The Chinese economy is expected to accelerate recovery in Q2 2024, with domestic demand policies gradually taking effect, leading to improved demand growth rates. [3][16] - The report highlights the potential for a new round of commodity price increases driven by improved Chinese demand and ongoing geopolitical tensions, particularly the Russia-Ukraine conflict. [3][16] - The market is anticipated to experience volatility in April 2024, with rapid sector rotation and a focus on new production capabilities and future technologies for investment strategies. [3][17] Summary by Sections 1. Investment Views - In March 2024, the market continued to rebound, with the Shanghai Composite Index maintaining above 3000 points, and April is expected to show a wide range of fluctuations. [3][17] - The report suggests focusing on new production capabilities and future technologies while avoiding high-risk investments. [3][17] - The report identifies key sectors such as non-bank financials, real estate, and coal as underperforming, while sectors like non-ferrous metals and petrochemicals showed strong performance. [3][17] 2. Macroeconomic Conditions - The PMI for March 2024 was reported at 50.80, up from 49.10 in February, indicating improved manufacturing activity. [19] - New export orders rose significantly to 51.30 in March from 46.30 in February, reflecting a recovery in manufacturing operations. [19] 3. A-share Industry Performance - In March 2024, the machinery equipment sector rose by 3.61%, ranking 11th out of 31 sectors, outperforming the Shanghai Composite Index by 2.75 percentage points. [32] - The defense and military industry saw a 4.41% increase, ranking 7th out of 31 sectors, also outperforming the Shanghai Composite Index by 3.55 percentage points. [32] 4. Key Stocks in Machinery Equipment Sector - The top three performing stocks in the machinery equipment sector for March were Jindun Co. (200.00%), Robotec (89.86%), and Jinrong Tianyu (85.07%). [34] - The worst performers included Changfu Co. (-21.87%), Lanke High-tech (-20.94%), and Jiyang Precision (-19.53%). [34] 5. Key Stocks in Defense Industry - The top three performing stocks in the defense industry for March were Zongheng Co. (101.58%), Lihang Technology (65.86%), and Guangqi Technology (50.44%). [36] - The worst performers included Guoguang Electric (-17.07%), Qiyi Er (-16.67%), and Hongyuan Electronics (-8.33%). [36] 6. First Quarter Performance - From January to March 2024, the machinery equipment sector declined by 3.92%, ranking 17th out of 31 sectors, underperforming the Shanghai Composite Index by 6.15 percentage points. [38] - The defense industry also saw a decline of 6.29%, ranking 23rd out of 31 sectors, underperforming the Shanghai Composite Index by 8.52 percentage points. [38]

每日热点 川财观点 国内生产总值增长 5%左右，经济高质量增长更为重要。今年政府工作报告提出，经济增 长预期目标为 5%左右，从数据上看，略低于 2023 年 5.2%的增速。但考虑到 2022 年受 疫情影响，基数相对偏低，今年依旧保持略低于去年的水平发展，已然属于一个不低的 增速。同时，当前经济发展更加注重发展质量和效益，5%的经济增速能够为扎实推进高 质量发展提供有利的环境。 加快发展新质生产力。会议提出"大力推进现代化产业体系建设，加快发展新质生产力"。 具体来看，科技是提升生产效率的关键要素，也是推动企业高质量发展的基础，要以科 技引领创新发展，才能不断塑造发展新动能新优势，促进社会生产力提升。 本报告由川财证券有限责任公司编制 谨请参阅本页的重要声明 川财证券研究报告 长 5.2%。 每日热点 国家统计局数据显示，1-2 月份，全国规模以上工业增加值同比增长 7.0%，比上年 12 月份加快 0.2 个百分点。从环比看，2 月份，规模以上工业增加值比上月增长 0.56%。 二、川财研究观点 2/6 产业研究 储能 3 月 15 日，安徽亳州市经信局印发《支持先进光伏和新型储能产业 作用，明确独立储 ...

Group 1 - The core viewpoint of the report emphasizes the importance of achieving a GDP growth target of around 5% for the year, which is slightly lower than the previous year's growth of 5.2%. This growth is considered adequate given the low base effect from the pandemic in 2022, and it aligns with the focus on high-quality economic development [61][70]. - The report highlights that from January to February, the industrial added value of large-scale enterprises increased by 7.0% year-on-year, which is an acceleration of 0.2 percentage points compared to December of the previous year [2][10][17]. - Real estate development investment in the same period was 118.42 billion yuan, showing a decline of 9.0% year-on-year, with residential investment dropping by 9.7% [2][17]. Group 2 - The report indicates that the government plans to issue long-term special bonds for several consecutive years, starting with 1 trillion yuan this year, aimed at supporting major national strategies and enhancing key areas of security capability [52][61]. - It stresses the need to accelerate the development of a modern industrial system and new productive forces, with technology being a key factor in improving production efficiency and driving high-quality corporate development [3][52]. - The report notes that the retail sales of consumer goods reached 81,307 billion yuan in January and February, reflecting a year-on-year growth of 5.5%, with non-automotive retail sales increasing by 5.2% [9][10].