财信证券晨会纪要

Market Overview - The overall A-share market showed a rebound with the Wande All A Index rising by 0.62% to 4360.66 points, while the Shanghai Composite Index increased by 0.48% to 3030.25 points [19] - The technology sector performed well, particularly in consumer electronics and semiconductor industries, with significant activity in the vehicle-road-cloud integration concept [19][48] Industry Dynamics - The National Development and Reform Commission (NDRC) reported that from January to May, the investment in equipment and tools increased by 17.5%, contributing over 50% to total investment growth [55] - The "old-for-new" appliance sales on major e-commerce platforms surged over 80%, becoming a significant driver for household appliance consumption growth [55][27] - The 618 shopping festival and the "old-for-new" policy collectively stimulated a 13% year-on-year increase in retail sales of household appliances in May [58] - The global offshore wind power sector is expected to see accelerated growth, with 10.8 GW of new installations in 2023, marking a 24% increase from the previous year [29][60] Company Updates - Zai Jian Pharmaceutical (688266.SH) received acceptance for its application for the marketing authorization of a recombinant human thyroid-stimulating hormone product, which is the first of its kind for a specific indication in China [35] - Junhe Co., Ltd. (603617.SH) anticipates a net profit increase of 110% to 150% year-on-year for the first half of 2024, driven by recovering demand in overseas markets [36] - Sany Heavy Energy (688349.SH) announced the implementation of its annual equity distribution plan, proposing a cash dividend of 5.90 yuan per 10 shares [37]