中原证券：晨会聚焦-20250123

Market Performance - Domestic market indices showed mixed performance with the Shanghai Composite Index closing at 3,213.62, down by 0.89%, and the Shenzhen Component Index closing at 10,225.87, down by 0.77% [3] - International markets also experienced declines with the Dow Jones Industrial Average closing at 30,772.79, down by 0.67%, and the S&P 500 closing at 3,801.78, down by 0.45% [4] Macro Strategy - The semiconductor industry led gains in the A-share market, with the market showing a slight upward trend [5] - The communication and home appliance sectors also led gains, with the A-share market showing a slight upward movement [5] - The photovoltaic and media sectors led gains, with the A-share market consolidating [5] - Growth sectors led gains, with the A-share market showing an upward trend [5] Industry and Company Analysis - The pig farming industry saw a decline in prices during the peak season, while pet food export data continued to improve [6] - Humanoid robots are accelerating their deployment, with continued recommendations for the robotics, construction machinery, and shipbuilding sectors [6] - A Chinese team developed a new diamond film preparation technology, and the Power Diamond semiconductor high-power heat sink diamond project has been completed and put into production [6] - The medical device industry in Henan has shown significant growth, with the industry scale exceeding 45 billion yuan in 2022, doubling from 2018 [23] - The CES exhibition highlighted AI applications, and the upcoming Spring Festival holiday is expected to boost the film market [24] - The lithium battery sector saw a decline, but new energy vehicle sales in December 2024 reached 1.596 million units, a year-on-year increase of 34.01% [26] - The chemical industry saw a decline, but the acrylic acid industry chain performed well [28] - The AI model ecosystem is accelerating, with a focus on the domestic AI computing power industry chain [34] Key Data Updates - Recent restricted share unlock details show that companies like Longyuan Power and Zhangjiagang Bank have significant shares unlocked [41] - The top 10 active stocks in the Shanghai-Shenzhen-Hong Kong Stock Connect include Industrial Fulian and ZTE, with significant trading volumes [44]