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 gained 0.58%, the CSI 1000 went up by 0.9%, while the ChiNext Index fell by 0.84%. The Hang Seng Index increased by 0.85% [4][5]. - 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 [4][5]. - The total trading volume of the A-share market on September 8 was 24,631 billion, with a net inflow of 16.705 billion HKD from southbound funds [4][5]. Important Recommendations - The report highlights the company Yihua Da (301029) as a leading one-stop provider of FA parts in China, with growth potential from its FB and overseas business. Projected revenues for 2025-2027 are 2,954.60 million, 3,581.70 million, and 4,197.40 million respectively, with revenue growth rates of 18.00%, 21.00%, and 17.00%. Net profit attributable to shareholders is expected to be 498.50 million, 620.60 million, and 742.30 million, with growth rates of 23.00%, 25.00%, and 20.00% respectively. Earnings per share are projected at 0.80, 1.00, and 1.20 yuan, with corresponding PE ratios of 31.00, 25.00, and 21.00 [6][7]. Industry Insights - The gaming sector is highlighted as a key area for investment, with the A-share gaming sector's revenue growing by 22.8% year-on-year in the first half of the year. The sector is expected to continue its upward trajectory in the second half of 2025 and into 2026, driven by EPS expectations and low current valuations [3][6]. - The report indicates that the gaming sector could reach a P/E valuation of 20 times by 2026, with the current average valuation around 16 times [7][8].