Investment Focus - The report highlights the strong growth potential in the storage industry, with domestic storage manufacturers expected to exceed production expansion forecasts, benefiting companies closely tied to these manufacturers [1] - NVIDIA is projected to have a strong performance in FY4Q26, with a significant increase in overall revenue and EPS trajectory, supported by a robust order backlog of 500 billion [1] - Alphabet's cloud business is expected to grow significantly, driven by AI solutions, with a 48% growth rate in the last quarter, leading to an increase in EPS for 2026 and 2027 [1] - Alibaba's cloud growth is anticipated to exceed consensus estimates by 2-3% for the year, despite short-term performance pressures [1] Company Analysis - Zhongwei Company is positioned as a leading player in the hardware sector, benefiting from a deepening platform strategy that expands its capabilities in etching, film deposition, and measurement [1] - Tencent is recommended as a top pick in the internet sector, with a target price of 700, driven by steady growth in core gaming and advertising businesses, alongside new revenue streams from mini-games and video accounts [2] - New Oxygen is recognized for its strong marketing capabilities and low customer acquisition costs, with a target price of 10.1 USD based on its growth trajectory in the light medical beauty sector [2] - Ato Hotel is expected to achieve a revenue growth of 26% to 12.39 billion, with a strong market position in the mid-to-high-end hotel sector [3] - HashKey is positioned as a leading digital asset platform in Asia, benefiting from regulatory trends and expected to expand its product offerings in derivatives and leveraged trading [4] - Tesla's advancements in autonomous driving and robotics are highlighted, with expectations for accelerated overseas expansion and significant product developments [4] - MP Materials is noted for its strategic importance in the rare earth industry, benefiting from domestic supply chain localization and increasing demand from the defense and renewable energy sectors [7] - ACWA Power is recognized as a leader in the renewable energy sector, with a focus on solar, wind, and green hydrogen projects, supported by government power purchase agreements [8] - Vestas is highlighted as a dominant player in the wind energy sector, benefiting from global wind power growth and technological advancements in turbine efficiency [9] - Three-Six Pharmaceutical is noted for its strong market position in kidney, blood, and oncology sectors, with promising pipeline products and collaborations with Pfizer [10]

March 3, 2026 04:29 AM GMT US Marketing Feedback Interest remains high in China's industrials and high-end manufacturing overall, while investor views and preferences are divergent. Humanoid robots remains at the top of discussions; and other sub-sectors share a similar interest level. Key Takeaways Humanoid robots remain the top topic, especially the humanoid robotics development progress in China, bottlenecks, leadership vs. US, and supply chain investment opportunities. We continue to see more new invest ...

首席之声 - 掘金超跌的优质消费股 20260303 摘要 油价 80-90 美元区间不改 A 股牛市根基，若破 100 美元或压制中下游 盈利，但地缘冲击不改国内经济转型及"稳中向好"趋势。 汽车板块 2026 年主线为 AI 转型，看好燃气轮机产业链（潍柴动力）、 出海高分红资产（宇通客车）及机器人量产定点（6 月周产达 3,000 台）。 生猪养殖进入配置窗口，2 月底猪价跌破 11 元/公斤创两年新低，全行 业亏损已 5 个月，产能去化加速，首选牧原、温氏等低成本龙头。 消费板块估值处于历史极低分位（不足 10%），看好地产后周期修复； 零售侧重供给侧壁垒，推荐小商品城、毛戈平及高股息周大生。 社会服务受益政策红利，2026 年法定假日增至 33 天，看好名山大川景 区（黄山、九华山）及供需边际改善的酒店龙头（首旅、锦江）。 白酒行业预计 2026 下半年结束去库，高端酒动销率先触底；大众品关 注餐供链（安井）与调味品（海天）的渠道出清后修复。 家电板块聚焦白电红利资产（美的、海尔、格力），综合回报率约 10%-15%；出海龙头（安克、九号）估值回落至 15-16 倍，具备配置 价值。 Q&A 近期 ...

值得注意的是，随着全球部分风险资产反弹，今日（3月4日）夜盘，富时中国A50指数期货小幅低开，盘中直线拉升，涨幅一度扩大至超0.8%。 富时中国A50指数等成份股调整。 富时罗素3月4日宣布对富时中国指数系列进行修订调整，调整将于2026年3月20日（星期五）收盘后生效。 富时中国A50指数纳入中国船舶等 富时中国A50指数由富时罗素编制并发布。该指数由上海和深圳证券交易所市场中总市值最大的50只股票组成，反映A股市场中最具影响力的前 50大上市公司股票的表现，不少国际投资者把这一指数看作是衡量中国市场的精确指标。 鉴于近期市场行情变化，富时罗素将富时中国A50指数成份股进行了调整，纳入中国船舶、天孚通信、万华化学，剔除光大银行、中国中车、山 西汾酒。 | 纳入名单 | | 別除名車 | | | --- | --- | --- | --- | | 证券代码 | 证券简称 | 证券代码 | 证券简称 | | 600150 | 中国船舶 | 601818 | 光大银行 | | 300394 | 天孚通信 | 601766 | 中国中车 | | 600309 | 万华化学 | 600809 | 山西汾酒 | 富时中 ...

沪深300今日主力资金净流出141.69亿元，创业板净流出217.14亿元。 3月4日，A股市场整体下跌。 截至收盘，上证指数收报4082.47点，下跌0.98%；深证成指收报13917.75点，下跌0.75%；创业板指收报3164.37点，下跌1.41%。两市合计成交 23657.54亿元，较上一交易日减少7637.56亿元。 1. 两市主力资金净流出近500亿元 今日沪深两市主力资金开盘净流出198.53亿元，尾盘净流出38.18亿元，两市全天主力资金净流出499.6亿元。 | | | 沪深两市最近五个交易日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | 尾盘净流入 | 超大单净买入 | | 2026-3-4 | -499.60 | -198. 53 | -38. 18 | -236. 21 | | 2026-3-3 | -1304. 45 | -320. 96 | -193. 14 | -727.56 | | 2026-3-2 | -684.83 | -310. 38 | -48. 61 | -371. ...

此外，富时罗素还公布了富时中国50指数新一季的备选股名单，分别为以下港股公司： 、 、 、 、 。 编辑/KOKO 3月4日，富时罗素宣布对富时中国指数系列的季度审核变更，调整结果将于2026年3月20日盘后生效。 其中，本次富时中国50指数成分股将纳入 、 ，将剔除 、 等港股。 ...

证券研究报告 | 2026年02月27日 2026年03月02日 2026年03月03日 中国重汽（03808.HK） 优于大市 重卡行业龙头，出海领域标杆 | 盈利预测和财务指标 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 85,498 | 95,062 | 106,827 | 122,905 | 132,827 | | (+/-%) | 44.2% | 11.2% | 12.4% | 15.1% | 8.1% | | 归母净利润(百万元) | 5318 | 5858 | 6547 | 7964 | 8874 | | (+/-%) | 196.0% | 10.2% | 11.8% | 21.6% | 11.4% | | 每股收益（元） | 1.93 | 2.12 | 2.37 | 2.88 | 3.21 | | EBIT Margin | 6.4% | 6.7% | 7.0% | 7.6% | 7.8% | | 净资产收益率（ROE） | 13.2% | 14.2% | ...

晨会 证券研究报告 投资要点： | 市场数据 指数名称 | 收盘价 | 涨跌幅 | 年初至今 | | --- | --- | --- | --- | | 上证指数 | 4,122.68 | -1.43% | 2.47% | | 创业板指 | 3,209.48 | -2.57% | -2.58% | | 沪深 300 | 4,655.90 | -1.54% | -1.31% | | 中证 1000 | 8,142.45 | -3.95% | 5.01% | | 科创 50 | 1,388.41 | -5.21% | -1.07% | | 北证 50 | 1,415.14 | -4.11% | -3.50% | 资料来源：聚源，华源证券研究所，截至2026年03月03日 华源晨会精粹 20260303 机械/建材建筑 开复工逐步改善，关注资源属性重估的央国企——建筑装饰行业周 报：春季开复工数据同比改善，区域与项目结构分化延续。据百年建筑调研，截至 2 月 25 日（农历正月初九），全国 10692 个工地春季开复工呈现同比改善态势：开复 工率 8.9%、劳务上工率 15.5%、资金到位率 29%，三项指标农历同 ...

沪深300今日主力资金净流出315.32亿元，创业板净流出504.24亿元。 | | | 各板块最近五个交易日主力资金净流入数据(亿元) | | | --- | --- | --- | --- | | 日期 | 沪深300 | 创业板 | 科创板 | | 2026-3-3 | -315. 32 | -504. 24 | -35. 63 | | 2026-3-2 | -162. 41 | -237.56 | -31. 37 | | 2026-2-27 | -203. 66 | -187. 58 | -8. 34 | | 2026-2-26 | -111.09 | -95. 18 | -7.99 | | 2026-2-25 | -22. 25 | -53. 25 | -24. 20 | | | | 尾盘资金净流入数据(亿元) | | | 2026-3-3 | -56. 19 | -75.08 | -11.80 | | 2026-3-2 | -12. 62 | -25.56 | -5. 54 | | 2026-2-27 | -18. 19 | -5. 49 | -1. 72 | | 2026-2-26 | -18. ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02338 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,943,040,000 | RMB | | 1 | RMB | | 1,943,040,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,943,040,000 | RMB | | | 1 RMB | | 1,943,040,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- ...