【光大研究每日速递】20251122

Group 1: Macroeconomic Insights - The September non-farm payroll data exceeded expectations, indicating a robust job market, which may lead the Federal Reserve to cautiously weigh the pace of interest rate cuts [4] - The employment data for October and November will be postponed until after the December monetary policy meeting, adding uncertainty to the economic outlook [4] Group 2: Company Performance - Aidi Precision (艾迪精密) reported a revenue of 2.37 billion yuan for Q1-Q3 2025, a year-on-year increase of 16.5%, with a net profit of 320 million yuan, up 12.6% year-on-year [5] - Nvidia (英伟达) exceeded market expectations for FY26 Q3 earnings, with revenue guidance for FY26 Q4 set at 65 billion USD, higher than the Bloomberg consensus of 62.133 billion USD [5] - Kingsoft Cloud (金山云) achieved its first positive adjusted net profit, driven by AI, marking a significant turnaround and indicating that its previous AI investments are now yielding returns [7]