宏信证券：每日信息速递-20250125

Financial News Summary - The China Securities Regulatory Commission (CSRC) plans to further reduce fund sales fees starting in 2025, potentially saving investors approximately 45 billion yuan annually [4][5] - The People's Bank of China is enhancing the convenience of two monetary policy tools to support the capital market, aiming to improve financing and investment capabilities of listed companies and industry institutions [5][6] - The Ministry of Finance is revising the long-term assessment system for state-owned commercial insurance companies to promote the entry of insurance funds into the market [6][8] Industry News Summary - In 2024, China's research and experimental development (R&D) expenditure is expected to exceed 360 billion yuan, marking an 8.3% increase from the previous year [12] - The National Energy Administration reported that the new energy storage installed capacity in 2024 will surpass 70 million kilowatts, with a significant increase of over 130% compared to the end of 2023 [14] - The National Energy Administration aims to stabilize national crude oil production at over 200 million tons by 2025, with a focus on increasing investment and promoting key projects [15] Company-Specific Announcements - Fulete expects a net profit decline of 61% to 66% in 2024 due to low photovoltaic component shipments and oversupply of photovoltaic glass [19] - Jiangsu Bank reported a net profit of 31.843 billion yuan in 2024, reflecting a year-on-year growth of 10.76% [20] - Shengyi Technology anticipates a net profit increase of 46% to 55% in 2024, driven by higher sales of copper-clad laminates and improved product structure [29]