财信证券晨会纪要-20260113

Group 1: Market Overview - The A-share market continues to show a strong upward trend, with daily trading volume reaching a historical high, indicating a bullish sentiment among investors [6][9] - The overall performance of small-cap stocks is leading, while large-cap stocks are lagging behind, with the North Star 50 Index rising by 5.35% [6][7] - The AI application sector is experiencing significant growth, driven by recent positive news and market interest, while traditional industries are not attracting as much capital [8][9] Group 2: Industry Dynamics - Saudi Basic Industries Corporation (SABIC) has agreed to sell its European petrochemical assets for a total value of $950 million, which is expected to enhance the company's performance and improve cash flow [25][26] - The Chinese television market is projected to see a decline in shipments, with an expected total of 32.895 million units in 2025, down 8.5% year-on-year, marking a significant low since 2010 [27][28] - Meta has signed agreements to acquire up to 6.6 GW of nuclear power by 2035, positioning itself as a major buyer in the nuclear energy sector [29][30] Group 3: Company Insights - WuXi AppTec (603259.SH) anticipates a revenue of 45.456 billion yuan for 2025, reflecting a year-on-year growth of approximately 15.84%, driven by its integrated CRDMO business model [31][32] - The expected net profit for WuXi AppTec is around 19.151 billion yuan, representing a significant increase of about 102.65%, influenced by non-operating gains from asset sales [32]