财信证券：晨会纪要-20241210

Market Overview - The A-share market shows a slight decline with the Shanghai Composite Index closing at 3402.53, down 0.05%, and the Shenzhen Component Index at 10731.66, down 0.55% [1][4] - The total market capitalization of the Shanghai Composite Index is 646178 million, with a PE ratio of 11.94 and a PB ratio of 1.27 [2] Industry Dynamics - In the beauty sector, the top 20 domestic brands on Tmall saw a sales increase of 11.44% year-on-year from January to November 2024, with a market share of 30.3% [20] - The passenger car market reached a record high in November 2024, with wholesale sales of 290.4 million units, marking a 15.3% year-on-year increase [21] Company Updates - Aimei Ke (300896.SZ) announced that its subsidiary received approval for a clinical trial of a drug, indicating potential growth in the medical aesthetics market [22] - Jinsiyuan (603369.SH) is formulating its operational goals for the upcoming year, expecting increased sales during the Spring Festival [25] - Zhongju Gaoxin (600872.SH) has acquired a 20% stake in Guangdong Chubang Food Co., which is expected to enhance its earnings per share and return on equity [26] - Shennong Group (605296.SH) reported a sales revenue of 407 million yuan from pig sales in November, showing a year-on-year increase of 37.04% [27] - Dabeinong (002385.SZ) experienced an 8.14% month-on-month increase in pig sales volume in November, with a revenue of 1.341 billion yuan [30]