新股专题：政策预期及资金共振之下做多动能增强，但结构性震荡特征预计未改

Investment Rating - The report suggests a positive outlook on new stocks, indicating a potential for structural market activity despite some volatility expected in the future [1][10]. Core Insights - The new stock market has shown signs of recovery with an average weekly increase of 10.6% for newly listed stocks since 2023, a significant improvement from the previous week's decline of 4.9% [1][10]. - The report emphasizes the importance of policy expectations and market sentiment as key drivers for investment decisions, suggesting that investors should remain flexible and cautious as market conditions evolve [1][10]. - The report highlights that approximately 95.3% of new stocks achieved positive returns last week, indicating strong market interest and activity [1][10]. Summary by Sections New Stock Insights - The report notes that the new stock market is experiencing a resurgence in activity, with significant increases in both sentiment and trading volume, particularly in sectors like semiconductors and military technology [1][10]. - It is suggested that the structural market activity will continue, but investors should be aware of potential pricing pressures as market conditions change [1][10]. Recent Stock Performance - Last week, three new stocks were available for online subscription, with an average issuance price-earnings ratio of 19.7X, indicating a stable pricing environment [1][19]. - The average first-day increase for newly listed stocks was approximately 320%, maintaining a strong performance in the market [1][22]. Upcoming Stock Subscriptions - This week, four new stocks are set to be listed, with one stock already having completed its subscription process. The average expected issuance price-earnings ratio for these stocks is around 20.4X [1][31]. - The report encourages continued attention to new stock subscriptions, highlighting the potential for profit in the current market environment [1][31]. Company Performance Metrics - Specific companies such as 聚星科技 (Juxing Technology) and 金天钛业 (Jintian Titanium Industry) are highlighted for their strong revenue growth and profitability forecasts for 2024, with expected net profit growth rates of 50.09% to 66.36% and 16.03% to 31.86%, respectively [1][34][37]. - 壹连科技 (Yilian Technology) is noted for its consistent revenue growth, with a projected increase in net profit for 2024 [1][40].