东兴证券：东兴晨报-20241105

Group 1: Zhongke Shuguang (603019.SH) - The company achieved operating revenue of 8.041 billion yuan in the first three quarters, a year-on-year increase of 3.65%, and a net profit attributable to the parent company of 770 million yuan, up 2.57% year-on-year [2][3] - Investment income for the reporting period was 412 million yuan, a significant increase of 82.03%, primarily due to the profit increase from joint ventures, particularly Haiguang Information [2][3] - The gross margin for the first three quarters was 26.81%, an increase of 0.94 percentage points year-on-year, driven by a higher proportion of self-developed products [3] Group 2: Ningbo Bank (002142.SZ) - The bank reported operating revenue of 50.75 billion yuan in the third quarter, a year-on-year increase of 7.4%, and a net profit of 20.71 billion yuan, up 7.0% year-on-year [8][9] - The bank's net interest income increased by 16.9% year-on-year, with loan growth of 19.6% in the first three quarters [9][10] - The bank's non-interest income decreased by 30.3% year-on-year, primarily due to a decline in agency business revenue [10] Group 3: Longxin Zhongke (688047.SH) - The company reported operating revenue of 308 million yuan in the first three quarters, a year-on-year decrease of 21.94%, but showed signs of recovery in the third quarter with a revenue increase of 2.05% [24][25] - The revenue from information technology chips reached 142 million yuan, a year-on-year increase of 114.18%, driven by a recovery in downstream demand [26] - The company is focusing on building an independent instruction system and industrial ecosystem, with expected net profits of -196 million yuan, 70,000 yuan, and 870,000 yuan for 2024-2026 [26] Group 4: Chifeng Gold (600988.SH) - The company achieved operating revenue of 6.223 billion yuan in the third quarter, a year-on-year increase of 22.93%, and a net profit of 1.105 billion yuan, up 112.59% year-on-year [28][29] - The average sales cost of gold was 281.55 yuan per gram, significantly lower than the global average of 1388 USD per ounce [29][30] - The company is expected to benefit from a stable release of gold production, with a projected compound annual growth rate (CAGR) of 20.8% from Q3 2021 to Q3 2024 [30][31]