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浙商证券浙商早知道-20250710
ZHESHANG SECURITIES·2025-07-09 23:30

Market Overview - On July 9, the Shanghai Composite Index fell by 0.13%, the CSI 300 decreased by 0.18%, the STAR Market 50 dropped by 0.89%, the CSI 1000 declined by 0.27%, while the ChiNext Index rose by 0.16%. The Hang Seng Index decreased by 1.06% [4]. - The best-performing sectors on July 9 were Media (+1.35%), Agriculture, Forestry, Animal Husbandry and Fishery (+0.65%), Retail (+0.48%), Pharmaceutical and Biological (+0.43%), and Social Services (+0.42%). The worst-performing sectors were Non-ferrous Metals (-2.26%), Basic Chemicals (-0.85%), Electronics (-0.82%), Defense and Military Industry (-0.73%), and Home Appliances (-0.64%) [4]. - The total trading volume of the A-share market on July 9 was 15,274.2 billion yuan, with a net inflow of 9.257 billion HKD from southbound funds [4]. Important Recommendations Company: Ping An Electric (001359) - The company is recognized as a leader in mica insulation materials, with continuous breakthroughs in integrated and synthetic new products [5]. - The recommendation logic highlights that the main business is steadily growing, and new products are consistently expanding. The market perceives mica insulation materials as a niche segment with limited growth potential, but emerging demands from the new energy sector, such as lithium battery thermal runaway protection and energy storage, are expected to drive rapid industry growth [5]. - Revenue projections for 2025-2027 are 1,288 million, 1,547 million, and 1,853 million yuan, with growth rates of 21.85%, 20.11%, and 19.78% respectively. Net profit forecasts are 271 million, 322 million, and 386 million yuan, with growth rates of 24.88%, 18.82%, and 19.88% respectively [5]. Company: 37 Interactive Entertainment (002555) - The company is expected to see valuation recovery driven by the success of major games such as "Douluo Dalu: Soul Hunting World" [6]. - Revenue forecasts for 2025-2027 are 19,140 million, 21,949 million, and 25,260 million yuan, with growth rates of 9.74%, 14.68%, and 15.08% respectively. Net profit projections are 2,758 million, 3,276 million, and 3,788 million yuan, with growth rates of 3.17%, 18.80%, and 15.62% respectively [9].