东兴证券：东兴晨报-20241025

Group 1: Haida Group (002311.SZ) - The company reported a revenue of 84.861 billion yuan for the first three quarters of 2024, a year-on-year decrease of 2.38%, while the net profit attributable to shareholders was 3.624 billion yuan, a year-on-year increase of 60.95% [1] - The total feed production for the first three quarters was 22.787 million tons, a year-on-year decrease of 4.3%, with the average price of compound feed at 3.46 yuan/kg, down 8.6% year-on-year [1] - The company achieved over 1 million tons in overseas feed sales in the first half of the year, a year-on-year increase of 30%, indicating strong growth in overseas markets [1] - The average selling price of live pigs increased to 19.68 yuan/kg in Q3, leading to improved profitability in pig farming [1] Group 2: New Yangfeng (000902.SZ) - The company reported a revenue of 12.367 billion yuan for the first three quarters of 2024, a year-on-year increase of 4.05%, with a net profit of 1.113 billion yuan, a year-on-year increase of 12.37% [7] - The sales volume of compound fertilizers grew by 8.8% in the first three quarters, contributing to revenue growth despite a high base from the previous year [7] - The company is enhancing its integrated supply chain by increasing capital expenditures on upstream phosphate projects, which will strengthen its competitive advantage [7] Group 3: Petrochemical Industry - Brent crude oil prices increased by 1.97% to $74.45 per barrel, while WTI prices decreased by 0.73% to $70.67 per barrel [11] - OPEC's crude oil production decreased by 2.27% month-on-month to 26,044 thousand barrels per day [11] - U.S. crude oil exports increased by 3.82% month-on-month, reaching an average of 3,917.25 thousand barrels per day [11] Group 4: Natural Gas Industry - Domestic LNG ex-factory prices decreased by 3.35% to 5,020 yuan/ton, while U.S. natural gas futures prices fell by 1.79% [12] - China's natural gas production in September decreased by 1.46% month-on-month [12] - European natural gas imports decreased by 11.41% month-on-month, while imports from Russia increased by 8.14% [13] Group 5: Coal Industry - The comprehensive price index for coking coal in China rose by 6.83% to 1,730.70 yuan/ton [14] - The inventory of coking coal at three major ports increased by 1.61% month-on-month [14] - The monthly production of coke, pig iron, and crude steel continued to decline in September [14] Group 6: Platinum Technology (300811.SZ) - The company achieved a revenue of 1.227 billion yuan in Q3 2024, a year-on-year increase of 43.63%, with a net profit of 281 million yuan, a year-on-year increase of 55.41% [18] - The chip inductor business experienced a compound annual growth rate (CAGR) of 280.2% from 2020 to 2023, indicating significant growth potential [18] - The company plans to expand its production capacity for chip inductors significantly, aiming to increase monthly production from 500 million to 1,500 million pieces [18]