万和证券：万和财富早班车-20250127

Domestic Financial Market - The State Council encourages banks to enhance financial support for cultural enterprises, supporting eligible cultural companies in going public and refinancing [4] - The Ministry of Finance reports that the national general public budget revenue for 2024 is projected to be 21.97 trillion yuan, a 1.3% increase from the previous year, while securities transaction stamp duty revenue is expected to be 127.6 billion yuan, a 29.1% decrease [4] Industry Dynamics - Gold prices continue to reach historical highs, highlighting the safe-haven value of gold, with related stocks including Zijin Mining (601899) and Chifeng Jilong Gold Mining (600988) [5] - The performance of listed securities firms is strong, with leading companies expected to exceed earnings forecasts for 2024, including Citic Securities (600030) and China Galaxy Securities (601881) [5] - The digitalization of education is receiving policy support, with related listed companies actively positioning themselves, including Zhonggong Education (002607) and iFLYTEK (002230) [5] Company Focus - Fuxiang Pharmaceutical (300497) has received expert approval for its Self-GRAS scientific evaluation of its protein product according to FDA GRAS standards [6] - Huakong Saige (000068) plans to acquire a 40% stake in Shanxi Jiantou Cloud Data Technology Co., Ltd. from Shanxi Jiantou for 21.68 million yuan [6] - Tongfu Microelectronics (002156) expects net profit attributable to shareholders to be between 620 million yuan and 750 million yuan, representing a year-on-year increase of 265.91% to 342.64% [6] - Compass (300803) anticipates a net profit of 104 million yuan for 2024, a 43.5% year-on-year increase, and plans to convert 4.5 shares for every 10 shares held to all shareholders from capital reserves [6] Market Review and Outlook - On January 24, the Shanghai and Shenzhen markets opened slightly lower but began to rise, with the Shanghai Composite Index closing at 3252 points, up 0.70%, and the ChiNext Index rising 1.36% to 2121 points [7] - The market saw a total trading volume of 1.22 trillion yuan, a decrease of 133.3 billion yuan from the previous trading day, with sectors like TMT, general machinery, steel, and communication equipment performing well, particularly in AI applications and robotics [7] - Historical data shows that the probability of the index rising on the first trading day after the Spring Festival exceeds 60%, with a generally optimistic outlook for the market due to improving macroeconomic data and corporate earnings expectations [8] - It is recommended to maintain a firm hold on ETF positions and continue focusing on undervalued dividend stocks, cyclical resources, and AI application sectors [8]