Ping An Securities·2025-12-29 11:53Group 1: Market Outlook - The equity market is expected to continue its upward trend due to clear domestic policy, strong economic growth momentum, and relatively loose market liquidity[3] - Investors are advised to actively position for the spring market, focusing on sectors with improving performance and benefiting from policies[3] Group 2: Recommended Stocks - BeiGene (688235.SH): Global sales of its core product, Zanubrutinib, reached $2.78 billion in the first three quarters of 2025, a year-on-year increase of 53.2%[4] - Beijing Junzheng (300223.SZ): The storage cycle is on the rise, and the company is expected to benefit from the L3 autonomous driving market[11] - Haiguang Information (688041.SH): The company is a leading domestic computing power provider, with revenue maintaining rapid growth in the first three quarters of 2025[18] - Daotong Technology (688208.SH): The company has seen rapid revenue growth and is advancing its AI strategy[26] - Penghui Energy (300438.SZ): The company ranks among the top three globally in household storage cell shipments in the first three quarters of 2025[32] - Goldwind Technology (002202.SZ): The gross margin for wind turbine and component business reached 7.97% in the first half of 2025, showing significant improvement[39] - Chifeng Gold (600988.SH): The company is expected to benefit from rising gold prices and increased production from new mining projects[46] - Luoyang Molybdenum (603993.SH): The company is positioned to benefit from rising copper prices and increased production[52] - Huaxin Cement (600801.SH): The company reported a 120.7% year-on-year increase in net profit attributable to shareholders in Q3 2025[57] - China Pacific Insurance (601601.SH): The company has maintained a high dividend yield, exceeding 3% since 2018[65]