阅峰 | 光大研究热门研报阅读榜 20251005-20251011

Group 1 - The article discusses the performance and outlook of the two-wheeled vehicle business of Ninebot Company, focusing on its core target audience and providing a full lifecycle user experience [3] - The company is expected to maintain a growth trajectory supported by internationalization and diversification strategies, with projected net profits of 2 billion, 2.7 billion, and 3.5 billion yuan for 2025-2027, corresponding to PE ratios of 23, 18, and 14 times [4] Group 2 - The report highlights the performance of public REITs in China, with a total of 75 products and a combined issuance scale of 196.62 billion yuan as of September 30, 2025, noting a downward trend in secondary market prices [10] - The article emphasizes the ongoing recovery of industrial profits in China, with a year-on-year growth rate improvement observed from January to August 2025, and suggests that domestic exports may remain resilient [12] - The report on the controllable nuclear fusion industry indicates positive progress with the successful installation of the BEST Dewar base, anticipating a period of intensive bidding and highlighting the long-term growth potential of the industry [14] Group 3 - The article outlines three new variables driving the recent rise in gold prices during the National Day holiday, including concerns over U.S. government shutdowns, political changes in Japan and France, and increased inflows into gold ETFs [22] - The credit bond market is experiencing growth, with a total outstanding balance of 30.49 trillion yuan and a net financing of 139.89 billion yuan in September 2025, indicating a widening credit spread [24] - The report indicates a sustained increase in market risk appetite, with over 60% of stocks in the CSI 300 index rising in the past month, reflecting optimistic market sentiment [27]