财信证券：晨会纪要-20241231

Group 1: Macroeconomic Insights - Hong Kong's exports increased by 2.1% year-on-year in November [4] - The People's Bank of China conducted a 891 billion yuan 7-day reverse repurchase operation to maintain liquidity in the banking system [48] - Major economic data for the fourth quarter will be released on January 17, 2025 [5][26] Group 2: Industry Dynamics - The Ministry of Industry and Information Technology announced plans to build 10,000 5G factories and create at least 20 pilot cities for "5G + Industrial Internet" by 2027 [8][51] - Omdia predicts that Inspur Information will nearly double its server business in China, driven by AI and liquid cooling demands, maintaining a 30% market share [9][40] - The report indicates that the combined market share of the top three server vendors in China will continue to expand in 2024 [9] Group 3: Company Developments - Xinhua Medical plans to acquire a 36.19% stake in Wuhan Zhongzhi Biotechnology for approximately 166.48 million yuan, enhancing its product line in in vitro diagnostics [42][53] - Qianjin Pharmaceutical announced progress on its plan to acquire a total of 68% stake in Qianjin Xijiang Pharmaceutical through share issuance and cash payment [43][54] - The report highlights that the acquisition of Zhongzhi will improve Xinhua Medical's R&D capabilities and overall competitiveness [42][53]