财信证券晨会纪要

Market Overview - The A-share market continues to adjust, with the overall market represented by the Wind All A Index declining by 1.31% to close at 4137.93 points, while the Shanghai Composite Index fell by 0.83% to 2957.57 points [6][4] - The engineering machinery sector showed resilience, experiencing an upward trend despite the overall market decline [6][4] - The market sentiment remains cautious, with trading volumes below 600 billion yuan for two consecutive days, indicating a potential continued consolidation phase [6][4] Company Tracking - Ningde Times (300750.SZ) launched its commercial power battery brand "Tianxing," which includes solutions for logistics and delivery, featuring high charging speeds and long battery life [19][37] - Qingdao Kingwan (002094.SZ) expects a 30-50% year-on-year increase in net profit for the first half of 2024, driven by significant growth in new materials and related businesses [20][38] - Cangzhou Mingzhu (002108.SZ) has commenced production on two production lines for lithium-ion battery separators, aiming to enhance market share and product competitiveness [21][39] Economic Dynamics - In Hunan Province, over 730,000 people traveled in and out of the port in the first half of 2024, marking a 2.7-fold increase compared to the same period in 2023, with foreign visitors increasing fivefold [24][42] - The logistics index for e-commerce in China rose by 0.9 points in June, indicating a recovery in logistics activities [32][16] Investment Strategy - The report suggests focusing on high-dividend large-cap blue-chip stocks, resource sectors, export industries, and the AI industry chain as potential investment opportunities in the current market environment [6][4]