万和证券：万和财富早班车-20241107

Macro Summary - The Ministry of Commerce reported that China's service trade continued to grow rapidly in the first three quarters of 2024, with total service import and export amounting to 55,181.4 billion yuan, a year-on-year increase of 14.5% [2] - The People's Bank of China maintains a supportive monetary policy stance and is increasing counter-cyclical adjustments [2] - The Ministry of Agriculture and Rural Affairs aims to enhance the application level of smart agriculture, including the digitalization of the entire agricultural industry chain and management services [2] Industry Updates - The Ministry of Ecology and Environment is actively promoting the inclusion of steel, cement, and aluminum smelting into the national carbon emissions trading market, with related stocks including Baosteel (000010) and Yun Aluminum (000807) [3] - The State Council issued opinions on stimulating the ice and snow economy through high-quality development of ice and snow sports, with related stocks including Snowman Co. (002639) and Changbai Mountain (603099) [3] - The Ministry of Industry and Information Technology is researching policies to accelerate the electrification of commercial vehicles and encourage mergers and acquisitions among quality enterprises, with related stocks including BAIC Blue Valley (600733) and Zotye Auto (000980) [3] Company Focus - Wen's Foodstuffs Group (300593) reported a revenue of 5.812 billion yuan from the sale of commodity pigs in October 2024, a year-on-year increase of 32.36% [4] - Galaxy Magnetic (300127) produces a wide range of products primarily used in various micro motors [4] - Magpow (002851) is a one-stop solution provider for hardware and software research, development, production, sales, and services in the field of electrical automation [4] - Guangqi Technology (002625) is set to launch complete products in the low-altitude economy sector, moving beyond single structural components [4] Market Review and Outlook - On November 6, the three major indices collectively rose and then fell, with the Shanghai Composite Index down 0.09%, Shenzhen Component Index down 0.35%, and ChiNext Index down 1.05%. Over 2,800 stocks rose in the two markets, with a total market turnover of 2.56 trillion yuan, an increase of 259.2 billion yuan from the previous trading day [5] - The market is experiencing a "fan" trend with rapid rotation of hot sectors, while short-term sentiment remains active, with over 180 stocks hitting the daily limit. However, some high-profile stocks weakened in the afternoon, indicating a potential end to a trading cycle, while low-priced stocks began to strengthen [5] - Financial stocks experienced a pullback after reaching new highs, while sectors such as low-altitude economy and solid-state batteries showed initial strength but faced increased divergence during the day [5] - Overall, positive changes in China's economic operation were noted in October, with key indicators of the domestic economy improving. Despite market fluctuations, liquidity remains robust, supporting market activity [6]