万和证券：万和财富早班车-20241010

Core Insights - The report highlights the significant decline in major stock indices, with the Shanghai Composite Index dropping by 6.62% and the Shenzhen Component Index falling by 8.15% on October 9, 2024 [1] - The report notes a year-on-year increase of 6.3% in domestic tourist spending during the National Day holiday, amounting to 700.82 billion yuan [1] - The internet and related services sector reported a revenue of 1,171 billion yuan from January to August 2024, reflecting a growth of 4.4% year-on-year [1] Industry Updates - The data element industry is entering a phase of policy implementation, with potential growth opportunities for companies like Tongniu Information (300895) and Yunsai Zhili (600602) [1] - The upcoming Shanghai International Consumer Electronics Show is expected to showcase AI technology's impact on industry development, with related stocks including Hongxin Electronics (300657) and Shenghong Technology (300476) [1] - China maintains a leading position in the global electrolyzer market, accounting for over 40% of global capacity, with relevant companies being Longi Green Energy (601012) and Baofeng Energy (600989) [1] Company Focus - Yuxin Technology (300674) has signed a cooperation agreement with HW to develop native applications for Harmony OS NEXT in financial business scenarios [2] - Power Source (600405) has successfully implemented its power supply systems in domestic AI computing centers, demonstrating stable operation over several years [2] - Yongxing Co., Ltd. (601033) has been awarded a contract for a comprehensive waste treatment project in Guangzhou, with a budget of 2.636 billion yuan [2] Market Review and Outlook - On October 9, 2024, the total trading volume in the two markets reached 29.398 billion yuan, with 280 stocks rising and 4,806 stocks falling [2] - The report indicates that the market experienced a significant pullback, with major indices closing down over 5%, and the ChiNext Index dropping more than 10% [2] - The report suggests that the semiconductor and software development sectors showed relative strength despite the overall market decline, indicating potential areas for institutional investment focus [2]