Guoxin Securities·2025-10-30 05:12Core Insights - The report provides a summary of recommended stocks across various industries for November 2025, highlighting potential investment opportunities based on performance and market conditions [2]. Banking Sector - Ningbo Bank (002142.SZ) shows an improving trend in Q3 performance with a continuous decline in non-performing loan generation rate and a positive shift in net interest margin, indicating a solid bottom line [2]. Non-Banking Financials - Dongfang Securities (600958.SH) is recommended due to its strong stock characteristics and reasonable valuation, with expectations of outperforming the index as Q3 earnings season approaches [2]. Real Estate - China Jinmao (0817.HK) is positioned favorably due to stable sales and proactive expansion, with a better risk release compared to other major real estate firms, amidst a challenging sales environment [2]. Electronics - Industrial Fulian (601138.SH) benefits from the growing demand for AI server products, leading to significant increases in GB series server shipments and a steady rise in market share among major clients [2]. Telecommunications - Zhongji Xuchuang (300308.SZ) is a leading company in optical modules, expected to benefit from the rising global demand for data center optical modules driven by AI development in 2026-2027 [2]. Power Equipment and New Energy - Sungrow Power Supply (300274.SZ) is recognized for its comprehensive solutions in photovoltaic power generation and energy storage, with steady growth driven by expanding market demand [2]. - Dongsheng Technology (300073.SZ) is noted for its leading position in ternary cathode materials, with anticipated growth from the recovery of European new energy vehicle demand and advancements in solid-state battery technology [2]. Metals and Materials - Zijin Mining (601899.SH) is highlighted for its strong earnings potential and high valuation appeal, with significant growth prospects in gold, copper, and lithium mining [2]. Internet - Tencent Holdings (0700.HK) is seen as a key player in the AI era, leveraging its ecosystem advantages to capture market opportunities, particularly in e-commerce and AI agent services [2]. Public Utilities and Environmental Protection - China General Nuclear Power (003816.SZ) is expected to rebound as new nuclear units are set to be commissioned, with market prices for nuclear power projected to increase [2].