浙商证券浙商早知道-20250909

Market Overview - On September 8, the Shanghai Composite Index rose by 0.38%, the CSI 300 increased by 0.16%, the STAR 50 went up by 0.58%, the CSI 1000 climbed by 0.9%, while the ChiNext Index fell by 0.84%. The Hang Seng Index increased by 0.85% [3][4]. - The best-performing sectors on September 8 were basic chemicals (+2.85%), agriculture, forestry, animal husbandry, and fishery (+2.68%), machinery and equipment (+2.4%), media (+2.3%), and beauty and personal care (+2.03%). The worst-performing sectors were telecommunications (-3.47%), comprehensive (-1.52%), non-bank financials (-0.64%), banking (-0.59%), and electronics remained flat [3][4]. - The total trading volume for the entire A-share market on September 8 was 24,631 billion yuan, with net inflow from southbound funds amounting to 16.705 billion HKD [3][4]. Key Recommendations - The report highlights Yihua Da (301029) as a leading one-stop provider of FA parts in China, with growth potential driven by its FB and overseas business [2][5]. - The performance of the company is supported by an upturn in its downstream industries, with the photovoltaic sector expected to reach a turning point [5]. - The revenue forecast for Yihua Da from 2025 to 2027 is projected to be 2,954.60 million yuan, 3,581.70 million yuan, and 4,197.40 million yuan, respectively, with growth rates of 18.00%, 21.00%, and 17.00%. The net profit attributable to shareholders is expected to be 498.50 million yuan, 620.60 million yuan, and 742.30 million yuan, with growth rates of 23.00%, 25.00%, and 20.00% [5].