川财证券：研究所晨报-20241109

Core Insights - The report highlights a strong performance in the stock market, with major indices showing significant gains, particularly in the defense and military sectors, which saw an increase of 6.33% [3][8] - The report indicates a positive trend in the service and manufacturing sectors, with the Caixin China General Services PMI rising to 52.0, marking a 1.7 percentage point increase from September, and the manufacturing PMI increasing to 50.3, up 1.0 percentage point [7][8] - The report suggests a focus on emerging sectors such as low-altitude economy, artificial intelligence, and unmanned driving as potential investment opportunities [3][8] Market Highlights - The total market turnover reached 25,631 billion yuan, with the Shanghai Composite Index rising by 2.32%, the CSI 300 Index by 2.53%, and the Shenzhen Component Index by 3.22% [2][8] - The report notes that the Ministry of Industry and Information Technology has released a plan for the high-quality development of the new energy storage manufacturing industry, aiming to match supply and demand by 2027 and cultivate 3 to 5 leading enterprises with over 100 billion yuan in scale [2][4] - The report emphasizes the importance of advanced packaging technology in the AI chip sector, with TSMC planning to raise prices for its 3nm process by up to 5% and CoWoS packaging by 10% to 20% [6] Industry Developments - The report discusses the implementation of a three-year action plan for the development of the low-altitude economy in Qingyuan City, focusing on the commercialization of cutting-edge technologies such as solid-state batteries and hydrogen fuel cells [6] - The report highlights the Sichuan government's action plan for promoting the hydrogen energy industry chain, aiming for significant advancements in key technologies and materials by 2027 [6]