科创板周报：科创板2024年三季报业绩分析

Group 1: Market Overview - The overall trading activity of the Sci-Tech Innovation Board decreased, with an average daily trading volume of approximately 126.99 billion yuan, down from 151.50 billion yuan the previous week, and an average turnover rate of 17.52%, lower than other major boards [7][8]. - The Sci-Tech Innovation Board experienced a decline of 4.14%, with nearly all industries showing a decrease, particularly the home appliance sector, which fell by 13.73% [7][8]. - As of November 1, 2024, there are 577 listed companies on the Sci-Tech Innovation Board, with a total market capitalization of 6,872.96 billion yuan [7][8]. Group 2: Valuation and Performance - The overall PE (TTM) of the Sci-Tech Innovation Board is 44.20, which is higher than other major boards, with the electronic industry having the highest average PE at 90.11, while the home appliance industry has the lowest at 14.50 [7][8][21]. - Compared to A-shares, more than half of the industries on the Sci-Tech Innovation Board have a higher average PE than their A-share counterparts, with notable exceptions in transportation equipment, basic chemicals, pharmaceuticals, machinery, agriculture, environmental protection, power equipment, and social services [7][8][21]. - The performance of the pharmaceutical and biotechnology sector on the Sci-Tech Innovation Board showed significant advantages over the ChiNext Board, with a net profit growth rate of 255.92% compared to -22.87% for the ChiNext Board [7][8]. Group 3: Industry Analysis - The revenue growth rates for the Sci-Tech Innovation Board in Q3 2024 showed that the highest cumulative year-on-year growth rates were in the social services, public utilities, electronics, pharmaceuticals, communications, home appliances, non-ferrous metals, basic chemicals, and transportation equipment sectors, all exceeding the GDP growth rate for the first three quarters [31][36]. - There were 8 industries with cumulative net profit growth rates above 10%, with the highest growth rates in pharmaceuticals, communications, public utilities, electronics, social services, non-ferrous metals, and transportation equipment [31][36]. - The marginal improvement in performance was notable in the social services, black metals, public utilities, and defense industries, with significant increases in revenue and net profit growth rates compared to the first half of 2024 [31][36].