九点特供以去年8月28日为例，今天迎来暂停转融券利好后可以关注什么；销量同比近500 ...

感谢大家参加本次会议 本次电话会议仅服务于长江证券研究所白名单客户未经长江证券事先书面许可任何机构或个人不得以任何形式对外公布、复制、刊载、转载、转发、引用本次会议相关内容否则由此造成的一切后果及法律责任由该机构或个人承担长江证券保留追究其法律责任的权利 各位投资者晚上好我是传家传媒高超今天给大家带来我们细分领域跟踪广告行业细分领域的一个持续的这样的一个跟踪报告啊之前的话其实我们也提到过就是我们就是传媒它因为是一个内容的一个赛道所以相对细分领域会比较多 除了我们跟着之前提到的从中长期的角度基于包括AIM2这一块中长期技术跟渠道对于内容端的变革以外的话我们也会跟着内容端的像广告营销然后像这个游戏影视等等不同的板块进行持续的一个跟踪 之前的话我们上周的话主要跟踪的是这个游戏包括明天的话也会对于整个暑期场的前瞻进行持续的跟踪那这一期的话就是我们主要是对于占了整个大概有几就是这个一小半的就是广告细分领域的这样的一个紫色道进行持续的跟踪五月份的数据其实是略有一些疲软的如果从单月的这个角度来看五月 同比其实是微跌的所以就是一到五月份去累积下来的话整个行业的增速已经从一季度大概5%的增速已经拖累到现在一到五月的话增长是2. ...

撸长】PCB+光模块+服务器, 上半年净利润同比 超10倍! 这家公司完成AI服务器相关产品的样品转 作,成功开发了亚马逊在内的多家客户,Al配套的主板 速卡已经批量出货 2024年一季度净利 中报净利预告下限 二季度环比增速下限 二季度环比增速上限 中报同比增速下限 中报同比增速上限 中报净利预告上限 证券代码 证券名称 润(仅) (42) ((C) (单位%) (单位%) (单位%) (单位%) 春兰股份 0.01 1.22 233.54% 600854.SH 1.08 14918.59% 16912.26% 277.52% 中再资环 0.04 600217.SH 1.37 1.67 3612.89% 4447.83% 1036.15% 1284.94% 太钢不锈 0.03 000825.SZ 1.05 1.50 4274.96% 130.27% 2932.47% 121.19% 深物业A 0.00 000011.SZ 0.09 0:09 1784.55% 1784.55% -95.84% -95.84% 尖峰集团 0.02 600668.SH 0.38 0.56 1364.88% 2106.14% -6 ...

【风口研报。业绩】中报预增成资金存量博弈下的 公司半导体订单预计在今年进入加速结转期叠加国内 季度营收和业绩皆同比增长超200%;另有公 订单回暖, 司深耕高分子改性保护材料并布局墨西哥工厂 盈利预测和财务指标 2022 2023 2024E 2025E 2026E 《业教入(百万元) 3.039 3, 201 6, 524 6, 632 7.142 37. 4% 5, 3% 103, 8% 1. 75 7 75 151 287 607 574 503, 7% 90. 65 100. 15 -1. 15 7.0% 0. 71 1. 34 2 69 2 66 2 85 11, 34 11. 15 12.9% 20. 11 17.2 8.1 2. 79 3. 46 2. 53 料来源: Wind、国信证券经济研究所预测 注:赋请等殷收益按最新总殷本计算 2022 2023 营业收入(百万 522 644 694 854 1095 (+/-)YoY(%) 11.9% 23.3% 7.8% 23.1% 28.1% 净利润(百万元) 304 114 140 180 235 28,9% (+/-)YoY(%) 15.9% ...

Financial Data and Key Metrics Changes - The market has seen a significant decline in trading volume, with the average daily trading volume dropping to 600 billion yuan, indicating a low market sentiment [11] - The number of companies with market values less than their cash holdings has increased, suggesting that many investors are focusing on macro risks while overlooking potential positive changes [11][24] - The forward P/E ratio of the CSI 300 index has decreased to 10.3 times, approaching historical averages, indicating a potential market bottom [21] Business Line Data and Key Metrics Changes - Resource stocks are recommended as they are expected to benefit from rising prices and a tightening supply-demand balance in the third quarter [27] - The focus is shifting towards performance-driven sectors, particularly in the resource sector, as mid-year earnings reports are anticipated to be strong [14][26] Market Data and Key Metrics Changes - The market is currently experiencing a low liquidity environment, with expectations of a turning point following the upcoming Third Plenary Session [29] - The upcoming political meetings are expected to clarify policies aimed at stabilizing the economy, which may positively influence market sentiment [29][31] Company Strategy and Development Direction and Industry Competition - The strategy emphasizes a focus on resource stocks and dividend assets, which are seen as resilient in the current economic climate [12][32] - The upcoming Third Plenary Session is anticipated to outline reform directions that could enhance market risk appetite and create investment opportunities in key sectors [31] Management's Comments on Operating Environment and Future Outlook - Management has indicated that the current market downturn may be nearing its end, with a focus on small-cap ETFs as a potential signal for market stabilization [30] - The sentiment is that while the market faces challenges, the potential for recovery exists, particularly with supportive policies expected from the Third Plenary Session [31][32] Other Important Information - The market is expected to remain in a narrow trading range until the Third Plenary Session, with potential for policy-driven sentiment shifts [32] - The focus on performance in July is critical, as it is historically a month with high correlation between market performance and earnings growth [26] Q&A Session Summary Question: What are the expectations for the market following the Third Plenary Session? - The market is expected to see a recovery in risk appetite and potential investment opportunities in sectors highlighted by the reforms discussed during the session [31] Question: How are resource stocks positioned in the current market? - Resource stocks are viewed favorably due to expected price increases and a tightening supply-demand dynamic, making them a key focus for investors [27]

高盛： 采用跟踪报告2024年第二季度硬件投资,盈利应用仍存障碍 ...

驱动因素：政策驱动 2、维生素 主要逻辑：涨价持续 ； 驱动因素：事件驱动 | --- | --- | --- | |--------------|--------------------------------------|----------| | 品 名 | 7月3日维生素报价 饲料级 \n厂商推荐 | 市场价格 | | VD3 | 花园、新发、新和成、国邦、天新、海盛 | 140 / | | 水溶性VD3 | 新和成、国邦、新发 | 145 / | | 水溶性VD3 | 花园 | 150 ⁄ | | 96%VK3 (MSB) | 振华、民丰、兄弟、蒙尼达、陆良 | 105／ | | 96%VK3 (MNB) | 振华、民丰、兄弟、蒙尼达、陆良 | 115 / | | 硝酸VB1 | 华中、新发、天新、兄弟 | 195 ~ | | 盐酸VB1 | 华中、兄弟、天新 | 280 / | | VE | 浙江医药、BASF、新和成、DSM | 88 / | | VE | 海生、天新、北沙 | 87 / | | 水溶性VE | 浙江医药、BASF、新和成 | 105／ | | VA | 浙江医药、新发、花园、B ...

高盛：推动欧洲电气化选股电气化复合主题 ...

Investment Rating - The report maintains a "Buy" rating on companies such as AVC, Quanta, Wistron, Gigabyte, and ASUS, while being neutral on Pegatron, Inventec, and Compal [2][28][37]. Core Insights - The Taiwan PC and server supply chain is expected to experience revenue growth in the upcoming three months, driven by the ramp-up of next-generation AI PCs and servers, improved GPU supply, and a new product cycle in the second half of 2024 [2][28]. - Companies like Gigabyte, Wiwynn, and Quanta are anticipated to see stronger revenue growth, while Compal is expected to grow at a slower pace due to its limited exposure to servers [2][28]. - The report highlights a recovery in global server shipments and an overall positive outlook for the PC market, with specific companies benefiting from the AI server demand and the replacement cycle following the end of Windows 10 support [2][28][43]. Summary by Company ASUS - ASUS is projected to achieve a revenue growth of 16% YoY in Q2 2024, with expectations of NT$48 billion in June, driven by AI server demand and traditional PC recovery [12][18]. - The company has seen a strong revenue performance in the first half of 2024, exceeding estimates by 4% to 30% [12][18]. AVC - AVC's revenues are expected to grow by 9% YoY in Q2 2024, with June revenues projected at NT$5.7 billion, supported by demand for server thermal components [21][22]. - The company is ramping up production of GPU 3D VCs, which is anticipated to further boost revenues in the second half of the year [21][22]. Quanta - Quanta is expected to see a sequential revenue increase of 15% in June, reaching NT$117 billion, driven by AI server ramp-up and improved general server demand [28][29]. - The company’s notebook shipments are also showing improvement, with a significant increase in units shipped [28][29]. Wiwynn - Wiwynn's revenue growth is projected to accelerate to +46% YoY in Q2 2024, with expectations of NT$36 billion in June, supported by a recovery in general servers and AI server demand [37][40]. - The company has experienced high revenue volatility but is expected to benefit from new GPU server projects [37][40]. Wistron - Wistron is anticipated to grow revenues by 17% YoY in Q2 2024, with June revenues expected to reach NT$90 billion, benefiting from increased demand for AI PCs and servers [43][44]. - The company has shown strong momentum in notebook shipments, indicating a positive outlook for the commercial market [43][44].

Financial Data and Key Indicators Changes - As of the end of May, the cumulative installed power generation capacity in the country reached approximately 3.04 billion kilowatts, a year-on-year increase of 14.1% [7] - The installed capacity for solar power generation reached about 690 million kilowatts, a year-on-year increase of 52.2% [7] - The average utilization hours of power generation equipment decreased by 59 hours compared to the same period last year [7] Business Line Data and Key Indicators Changes - The price of domestic block silicon remains stable at 37-40 RMB per kilogram, with an average of 39 RMB, unchanged month-on-month [3] - The price of TOPCon components is around 0.78-0.90 RMB per watt, showing a downward trend [4] - The price of battery cells for M10 and G12 sizes remains at 0.30 RMB per watt, with some low prices dropping below 0.28 RMB [13] Market Data and Key Indicators Changes - European demand remains strong, with inventory backlogs expected to ease, while domestic ground station demand is robust [5] - The cumulative investment in power generation projects from January to May reached 257.8 billion RMB, a year-on-year increase of 6.5% [7] - The newly added installed capacity for wind power in the first five months was 19.88 GW, a year-on-year increase of 19.8% [48] Company Strategy and Development Direction and Industry Competition - The industry is expected to see more significant reductions in silicon material production in the third quarter, with real capacity reductions starting in the second half of the year [3] - The new technology iteration, particularly TOPCon and HJT, is anticipated to inject new momentum into the development of renewable energy [15] - The market for industrial control and humanoid robots is expected to grow, driven by a new round of equipment updates and government policies [15] Management's Comments on the Operating Environment and Future Outlook - Management noted that the overall market price trend for silicon wafers is stable, with high inventory levels and weak purchasing from battery manufacturers [34] - The company expects that the demand for large-scale energy storage will continue to grow, with significant potential in commercial energy storage [15] - The management highlighted the importance of technological advancements in driving future growth in the renewable energy sector [36] Other Important Information - The prices of auxiliary materials such as frames, brackets, and cables have decreased, while prices for back sheets and silver paste have increased [14] - The lithium battery supply chain is expected to see a turning point, with potential cost reductions stimulating downstream demand [15] Q&A Session Summary Question: What is the outlook for the solar energy market? - The solar energy market is expected to benefit from reduced prices in the supply chain, which may stimulate global demand [5] Question: How is the company addressing inventory levels? - The company is monitoring inventory levels closely and anticipates a gradual reduction in high inventory levels as demand stabilizes [34] Question: What are the risks facing the industry? - Risks include lower-than-expected downstream demand, changes in technology routes, fluctuations in raw material prices, intensified market competition, and international trade risks [50]