财信证券：晨会纪要-20241107

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index reaching a peak of 3400 points before retreating [3] - The overall market saw a mixed performance, with small-cap stocks outperforming large-cap stocks [3] - The agricultural sector showed strength due to government initiatives promoting smart agriculture [3] Company Dynamics - Junsheng Electronics announced a share buyback plan with a total amount between RMB 150 million and RMB 300 million, aiming to enhance shareholder value [13] - Jinbo Biological received a foreign medical device registration certificate, marking a significant step in its international expansion [14][15] - Sanxin Medical's subsidiary obtained a medical device registration certificate for a new type of dialysis machine, enhancing its product portfolio [16] - Kunlun Wanwei launched an advanced AI search function, improving its data retrieval capabilities for financial and academic research [17] Industry Trends - The State Council issued guidelines to promote the development of the ice and snow economy, aiming to enhance participation in winter sports and related industries [12] - The humanoid robot industry showed promising growth, with a reported revenue increase of 9.21% year-on-year in the first three quarters of 2024 [4] - The real estate sector is recovering, with improved transaction volumes and a halt in declining prices due to supportive government policies [4] Financial Performance - Zhezhang Securities reported a decline in revenue but showed resilience in its brokerage business, with a 10.1% growth despite industry trends [21] - The company is in the process of acquiring Guodu Securities, which is expected to enhance its competitive position in the market [21]