财信证券：晨会纪要-20241024

Market Overview - The Shanghai Composite Index closed at 3302.80, up 0.52%, marking a four-day winning streak [1][3] - The Shenzhen Component Index rose by 0.16% to 10576.41, while the ChiNext Index fell by 0.53% to 2205.30 [1][3] - The overall market showed a mixed performance with small-cap stocks outperforming large-cap stocks [3] Economic Insights - The National Development and Reform Commission has issued a list of projects worth 100 billion yuan each, aimed at boosting economic growth [7] - The IMF has maintained its global economic growth forecast for 2024 at 3.2%, warning that geopolitical tensions could impact long-term growth prospects [9][10] - Central government plans to issue 5 billion yuan in bonds in Macau on October 30, 2024, to support local financial development [8] Industry Dynamics - The Ministry of Industry and Information Technology aims to strengthen the Chinese consumer electronics industry through various policies [16] - The liquid cooling server market in China is projected to grow by 98.3% year-on-year in the first half of 2024, reaching a market size of 1.26 billion USD [17] - The automotive industry is facing challenges but is expected to benefit from policies aimed at expanding consumption and optimizing production management [18][19] Company Updates - Daikin Heavy Industries successfully delivered its first batch of offshore wind farm project piles, marking a significant milestone in its overseas operations [22] - Runben Co., Ltd. reported a net profit of 260 million yuan for the first three quarters of 2024, a year-on-year increase of 44.4% [23][24] - Ganyuan Food's revenue for the first three quarters reached 1.606 billion yuan, with a year-on-year growth of 22.23% [26] Regional Economic Developments - In Hunan, 372,000 taxpayers received nearly 100 billion yuan in tax credit loans in the first three quarters, aiding small and micro enterprises [28]