证券研究报告 | --- | --- | --- | --- | --- | --- | |----------------------|-----------|-----------------|---------|--------|-----------------------------------------------------------------------------| | | | | | | 晨会纪要 晨会纪要 | | | 2024 年 | 08 月 | 09 日 | | | | 市场数据 | | | | | 晨会聚焦 | | 指数名称 | | 收盘 | 涨跌 | % | 一、财信研究观点 | | 上证指数 | | 2869.90 | 0.00 | | 【市场策略】 A 股主要指数震荡调整，热点板块加速轮动 | | 深证成指 | | 8446.21 | -0.04 | | | | 创业板指 | | 1611.51 | -0.54 | | 【基金研究】基金数据日跟踪 | | 科创 50 | | 708.92 | 0.19 | | 【债券研究】债券市场综述 | | 北证 50 | | 688 ...

证券研究报告 行业月度点评 证券Ⅱ 2024 年 08 月 06 日 评级 同步大市 评级变动： 维持 行业涨跌幅比较 证券Ⅱ 沪深300 -30% -20% -10% 0% 10% 2023-08 2023-11 2024-02 2024-05 2024-08 % 1M 3M 12M 证券Ⅱ 5.82 -7.27 -24.31 刘敏 分析师 执业证书编号:S0530520010001 liumin83@hnchasing.com 刘照芊 研究助理 liuzhaoqian@hnchasing.com 沪深 300 -2.97 -7.24 -16.84 相关报告 1 证券行业点评：暂停转融券增强投资者信 心，利于市场企稳回升 2024-07-12 2 证券行业深度：证券行业金融科技发展趋势 2024-07-05 3 证券行业 2023 及 2024Q1 业绩点评：业绩 承压、业务转型迫切，建议重点关注优质头部 券商及并购重组主线 2024-06-07 政策发力资本市场内在稳定性，券商业绩有望修复 | --- | --- | --- | --- | --- | --- | --- | --- | |------- ...

Market Overview - The A-share market experienced a broad-based recovery, with major indices showing positive performance, particularly the ChiNext Index which rose by 1.25% to 1627.36 points [3][4] - The total market capitalization of the Shanghai Composite Index is 5462.65 billion, with a price-to-earnings (PE) ratio of 10.70 and a price-to-book (PB) ratio of 1.08 [3][4] - The overall market sentiment improved, driven by positive news from the Asia-Pacific region, including a significant rebound in the Nikkei 225 Index [3][4] Industry Dynamics - The Ministry of Transport has introduced detailed subsidy policies for the replacement of old transportation equipment, with an average subsidy of 80,000 yuan for new energy city buses [12] - The National Development and Reform Commission (NDRC) is implementing several projects that coordinate computing power and electricity, aiming to enhance the efficiency of data centers [13] - The North American cloud service providers reported a significant increase in capital expenditures, with a combined growth of 59% year-on-year in Q2 2024, indicating strong demand for AI computing power [24][25] Company Updates - Yinlun Holdings (002126.SZ) has secured an order for 108 sets of liquid cooling systems for a data center, highlighting the growing demand for efficient cooling solutions in the computing sector [15] - Gongdong Medical (605369.SH) plans to repurchase shares worth between 18 million to 36 million yuan, indicating confidence in its future performance [16] - Zhengdan Co., Ltd. (300641.SZ) reported a substantial increase in net profit for the first half of 2024, with a year-on-year growth of 1015.51% [17]

证券研究报告 | --- | --- | --- | --- | --- | --- | |--------------------------|-----------|-----------------|---------|--------|-------------------------------------------------------------------------------| | | | 晨会纪要 | | | 晨会纪要 | | | 2024 年 | 08 月 | 08 日 | | | | 市场数据 | | | | | 晨会聚焦 | | 指数名称 | | 收盘 | 涨跌 | % | 一、财信研究观点 | | 上证指数 | | 2869.83 | 0.09 | | 【市场策略】 A 股市场震荡分化，沪指涨势相对较强 | | 深证成指 | | 8449.58 | -0.17 | | | | 创业板指 | | 1620.33 | -0.43 | | 【基金研究】基金数据日跟踪 | | 科创 50 | | 707.59 | -0.88 | | 【债券研究】债券市场综述 | | 北证 50 | ...

策略点评 证券研究报告 政策利好助力市场修复，核心城市销售有望企稳 房地产市场周报（07.29-08.04） 投资要点 2024 年 08 月 05 日 上证指数-沪深 300 走势图 上证指数 沪深300 -21% -11% -1% 9% 2023-08 2023-11 2024-02 2024-05 2024-08 % 1M 3M 12M 王与碧 分析师 执业证书编号:S0530522120001 wangyubi@hnchasing.com 上证指数 -3.28 -7.86 -13.00 沪深 300 -2.97 -7.24 -16.84 相关报告 1 房地产市场周报：央地持续加码支持政策，期 待核心城市楼市企稳 2024-07-30 2 房地产市场周报：中央定调地产领域改革，调 控措施有望持续优化 2024-07-25 3 房地产市场周报：多地继续加码地产政策，热 点城市有望持续复苏 2024-07-17 本周观点：近日以来宏观层面持续释放积极信号，7 月政治局会议强 调，要落实好促进房地产市场平稳健康发展的新政策，坚持消化存量 和优化增量相结合；国务院针对新型城镇化领域提出五年计划，要求 5 年后常 ...

5 证券研究报告 宏观定期策略 2024 年 08 月 04 日 | --- | --- | --- | --- | --- | |--------------|------------|----------|---------|--------| | | | | | | | 上证指数 - | 沪深 300 | 走势图 | | | | | | 上证指数 | 沪深 | 300 | | 9% | | | | | | -1% | | | | | | -11% | | | | | | -21% 2023-08 | 2023-11 | 2024-02 | 2024-05 | | | % | | 1M | 3M | 12M | | 上证指数 | | -2.58 | -6.43 | -11.44 | | 沪深 300 | | -2.28 | -6.10 | -15.50 | 叶彬 分析师 执业证书编号:S0530523080001 yebin@hnchasing.com 相关报告 1 宏观经济研究周报（07.22-07.26）：国内工业 利润增速回升，美国 GDP 增速超预期 2024- 07-29 2 经济金融高频数据周 ...

Economic Overview - The Baltic Dry Index (BDI) decreased to 1722 points, down 132.20 points from the previous week, indicating a slowdown in global economic activity[21] - The CRB Commodity Price Index fell to 274.30 points, a decrease of 5.77 points, reflecting declining inflation levels globally[24] Domestic Economic Indicators - China's official manufacturing PMI stood at 49.4%, down 0.1 percentage points from the previous month, indicating contraction in the manufacturing sector[30] - The average price of pork in China increased to 29.63 yuan/kg, up 0.36 yuan/kg, suggesting a stabilization in domestic inflation[36] Investment Trends - Real estate sales in 30 major cities averaged 26.26 million square meters per week, an increase of 2.34 million square meters, indicating a recovery in the real estate market[60] - Excavator sales in June reached 7661 units, up 1563 units year-on-year, reflecting strong infrastructure investment[63] Industrial Production - The operating rate of blast furnaces was 81.26%, down 1.05 percentage points from the previous week, indicating a decline in industrial activity[44] - The operating rate for rebar steel mills was 39.32%, a decrease of 2.64 percentage points, further highlighting the slowdown in production[44] Consumer Behavior - The average daily sales of passenger cars were 73,400 units, an increase of 1,720 units from the previous week, indicating stable consumer demand for durable goods[59] - The weekly average subway ridership in Beijing was 10.35 million, up 0.0953 million, while Shanghai saw a decrease of 0.0395 million, reflecting mixed trends in public transport usage[52]

策略专题 证券研究报告 2024 年 08 月 04 日 上证指数-沪深 300 走势图 -21% -11% -1% 9% 上证指数 沪深300 | --- | --- | --- | --- | --- | |----------|---------|---------|---------|--------| | | | | | | | 2023-08 | 2023-11 | 2024-02 | 2024-05 | | | % | | 1M | 3M | 12M | | 上证指数 | | -2.58 | -6.43 | -11.44 | | 沪深 | 300 | -2.28 | -6.10 | -15.50 | 叶彬 分析师 执业证书编号:S0530523080001 yebin@hnchasing.com 相关报告 1 宏观经济研究周报（07.22-07.26）：国内工业 利润增速回升，美国 GDP 增速超预期 2024- 07-29 2 经济金融高频数据周报（07.22-07.26）2024- 07-29 3 宏观经济研究周报（07.15-07.19）：国内经济 平稳运行，美国零售增速环比持平 2024 ...

证券研究报告 从全月建报告 基金市场 结构优化窗口，短期可考虑指数的对冲交易机会 基金行业 2024 年８月展望 投资美点 > 7月以未市場教據國展 1）7 月内外权益市场表现一般。A 股市场科创 50 指数收正，其他主要 殷指跌幅多在 2%以上；怪生指数、怪生科技指数跌幅均在 4%以上；日经 225 指數下跌近 10%,新兴市场指數表现相对无眼、印度 NIFTY50 指數枚涨 2.9% 。 2) 7 月以未中方 31 个行业涨跌互现，涨幅居前的有国防军工、非银金淼、 银行、交通运输等，跌幅居前的有煤炭、无油无化、纺织服饰、轻工制造等。 知分布，国有行、规模索备、规洋索备、保险、公路铁路等知分领域表现充 眼。3）7 月当月，北向黃金冷流出 166.3 亿人风币、南向黃金冷流入 479.5 亿港元。8 月以未（截至 0802）北向资金冷流出 89.3 亿人民币、南向资金冷 流入 64.8 亿港元。2024 年以来，北向黄金冷流入仗 130.2 亿人民币，南向黄 金净流入 4258.6 亿港元。7 月以未全市场新增公募产品规模 600 余亿，较 2 季度而言公募基金发行热度有所下降。 > 近期投资怎样反映 1） ...

证券研究报告 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------------------------------------------|--------------------------------------|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...