中银晨会聚焦-20250514

Core Insights - The report highlights a focus on several key stocks, including SF Holding (002352.SZ), Jitu Express (1519.HK), and others, indicating potential investment opportunities in these companies [1] - The report tracks the quarterly movements of "national team" funds, showing an increase in their stock holdings and a preference for the financial sector, while reducing exposure in TMT and real estate sectors [5][6] Company Summaries Jietong Technology - Jietong Technology reported a revenue of 1.579 billion yuan for 2024, a decrease of 4.01% year-on-year, with a net profit of 31 million yuan, down 72.04% [7] - Despite the decline, the "smart + energy-saving" parking industry has significant growth potential, and the company is expected to achieve rapid development through its marketing network and technological innovations [7][8] Hengsheng Electronics - Hengsheng Electronics achieved a revenue of 6.581 billion yuan in 2024, a decrease of 9.6%, with a net profit of 1.043 billion yuan, down 26.8% [12] - The company faces short-term performance pressure but is expected to benefit from the digital transformation in finance and the release of incremental demand due to AI technology enhancements [12][15] Industry Performance - The banking sector showed a positive growth of 1.52%, while the defense and military industry declined by 3.07% [4] - The computer and electronic sectors also experienced declines of 0.80% and 0.64%, respectively, indicating a challenging environment for these industries [4]