医药医疗

Search documents
【中原晨会1010】月度策略:均衡配置成长与价值风格,防范风格切换专题研究
Sou Hu Cai Jing· 2025-10-10 00:04
来源:市场投研资讯 (来源:中原证券研究所) 注:音频如有歧义以正式研究报告为准。 【中原策略】月度策略:均衡配置成长与价值风格,防范风格切换 主要内容 【中原策略】 月度策略:均衡配置成长与价值风格,防范风格切换 宏观方面。从9月份公布的经济数据看,当前宏观经济处于"弱复苏、低通胀"的阶段,政策层面以稳增长与防风险为主。在此背 景下,货币财政政策维持宽松基调,流动性环境保持充裕,叠加市场对经济企稳的预期逐步形成,从资金供给与情绪层面共同 为新增资金入场提供了有利支撑。 本期重点研报目录 政策层面。9月11日,国务院印发《关于全国部分地区要素市场化配置综合改革试点实施方案的批复》,该政策实施有望进一步 优化要素市场配置,提升经济运行效率,为相关产业发展提供更灵活的政策环境,为股市注入长期活力。之后,汽车、钢铁、 建材、石油化工、有色、电子信息制造业的稳增长工作方案相继出台,为传统支柱产业提供了明确的发展指引和政策支持。新 型储能、人工智能+发展等行动方案的发布,更为新兴产业的发展注入新动力。针对投资消费方面,《关于加力推动城市一刻钟 便民生活圈建设扩围升级的通知》的发布,将进一步完善城市商业布局,提升居民生活 ...
A股午评 | 创业板跌超1% 风电概念股集体走强 光刻机板块等回调
智通财经网· 2025-09-26 03:56
Market Overview - The market experienced fluctuations with the ChiNext Index dropping over 1% and the Shanghai Composite Index down 0.18% as of midday [1] - Trading volume in the Shanghai and Shenzhen markets decreased by 173.3 billion to 1.37 trillion [1] - Analysts suggest multiple risks ahead of the upcoming holidays, including a strong US dollar and concentrated trading in large-cap tech stocks [1] Sector Performance Wind Power Sector - The wind power sector showed strong activity with stocks like Jixin Technology and Mingyang Smart Energy hitting the daily limit [2][4] - A report from Wood Mackenzie predicts that global annual wind power installations will exceed 170 GW over the next five years, accelerating further by 2028 [4] Nonferrous Metals Sector - The nonferrous metals sector saw initial gains, with stocks like Jingyi Co. and Lida New Materials reaching the daily limit [3] - The China Nonferrous Metals Industry Association expressed opposition to "involution" competition in the copper smelting industry, while the Grasberg copper mine in Indonesia announced a force majeure due to a landslide [3] Automotive Sector - The automotive sector continued to rise, with stocks like Seres and Shuguang Co. hitting the daily limit [5] - Seres announced plans to issue H-shares, with a maximum of 331 million shares to be listed in Hong Kong [5] Pharmaceutical Sector - The pharmaceutical sector weakened, with stocks like Guangshentang dropping over 10% [6] - New tariffs on imported products and a 100% tariff on patented and branded drugs were announced by the US government [6] Institutional Insights - Open Source Securities highlighted the enduring themes of hardware and software applications in the current tech market, suggesting investors look for lower-priced opportunities in gaming, media, and internet sectors [7] - Dongfang Securities expects technology stocks to maintain strength in the remaining trading days before the holiday, particularly in the semiconductor industry [8] - Guotai Haitong emphasized that the Chinese stock market is unlikely to stagnate, driven by the demand for assets and ongoing capital market reforms [9]
央企交出顶天立地成绩单
Zhong Guo Xin Wen Wang· 2025-09-18 02:53
Core Viewpoint - The restructuring and optimization of state-owned enterprises (SOEs) in China during the 14th Five-Year Plan period aim to enhance strategic security, industrial upgrading, and public welfare through market-oriented approaches [1][7]. Group 1: Restructuring and Integration - The number of central enterprises has reached 100, with 6 groups of 10 enterprises restructured and 9 new central enterprises established [1]. - Restructuring is not merely about merging similar entities but achieving precise resource allocation, exemplified by the merger of Ansteel Group and Benxi Steel Group, which enhances competitiveness and regional leadership [2]. - The integration of medical resources among central enterprises, such as the General Technology Group, which operates over 400 medical institutions, demonstrates the focus on improving public welfare [2]. Group 2: Technological Innovation - SOEs prioritize technological innovation, achieving significant milestones in key areas such as integrated circuits and industrial software, contributing to national strategic goals [3][4]. - Central enterprises won over half of the national technology invention and progress awards, reflecting their strength in technological innovation [4]. Group 3: Investment in R&D - R&D expenditure by central enterprises has exceeded 1 trillion yuan for three consecutive years, with a projected 1.1 trillion yuan in 2024, including nearly 100 billion yuan for basic research [5]. - The establishment of 23 innovation alliances fosters collaboration and systematic approaches to overcoming core technological challenges [5][6]. Group 4: Performance Metrics - Since the 14th Five-Year Plan began, total assets of central enterprises have increased from less than 70 trillion yuan to over 90 trillion yuan, with total profits rising from 1.9 trillion yuan to 2.6 trillion yuan [7]. - The operating income profit margin improved from 6.2% to 6.7%, and labor productivity increased from 594,000 yuan to 817,000 yuan per employee annually [7].
李镇:钢铁行业已形成“南宝武、北鞍钢”的发展格局
Zhong Guo Xin Wen Wang· 2025-09-18 00:41
Group 1 - The core viewpoint is that during the "14th Five-Year Plan" period, state-owned enterprises (SOEs) in China are actively optimizing their layout and restructuring through market-oriented methods, having restructured 10 enterprises into 6 groups and established 9 new central enterprises [1] - The restructuring aims to enhance the strategic support and stability of the state-owned economy, focusing on key industries and areas, such as the establishment of China Star Network for satellite internet and the integration of strategic mineral resources to improve supply security [1] - The restructuring also targets industrial collaboration, aiming to increase industry concentration by promoting horizontal alliances among similar businesses and vertical integration across upstream and downstream operations, exemplified by the merger of Ansteel Group and Benxi Steel Group [1] Group 2 - The restructuring also focuses on optimizing public services, aiming to provide high-quality and low-cost services, thereby enhancing the public welfare and security role of the state-owned economy [2] - The establishment of China Resource Recycling Group aims to create a national resource recycling platform, significantly contributing to China's green transformation [2] - The ongoing integration of medical resources among central enterprises, such as the General Technology Group, which operates over 400 medical institutions and provides services to more than 35 million patients annually, highlights the focus on healthcare resource consolidation [2]
关于央企重组,国资委最新发声
21世纪经济报道· 2025-09-17 07:20
编辑丨陈洁 视频 丨 柳润瑛 9月17日,国新办举行发布会,邀请国务院国资委主任张玉卓,以及国务院国资委副主任袁 野、李镇出席,介绍"十四五"中央企业高质量发展情况,并答记者问。 "十四五"央企重组整合成绩单 重组1 0家企业、新设9家央企 张玉卓表示,"十四五"期间,国资央企布局结构不断优化,6组10家企业实施战略性重组,9 家新的中央企业组建成立,邮轮运营等领域的专业化整合扎实开展,有效提高了国有资本的 配置和运行效率。 李镇表示,中央企业的战略性专业化重组,一直是社会关注的热点。"十四五"期间,国资央 企大力推进布局优化结构调整,聚焦战略安全、产业引领、国计民生、公共服务等,以市场 化方式重组了6组10家企业,新组建、设立了9家中央企业。具体来看,主要从三个方面展 开: 记者丨周潇枭 三是围绕优化公共服务实施重组整合。 以提供质优、价低的公共服务为价值取向,加强相关 领域的资源整合融合,更好发挥国有经济的公益性、保障性作用,满足人民对美好生活的向 往。比如,去年组建成立了中国资环集团,这家企业着力于打造全国性、功能性资源回收再 利用平台,将有力促进我国经济社会发展的绿色转型;再比如,持续推进中央企业医药 ...
越秀证券每日晨报-20250917
越秀证券· 2025-09-17 06:18
每日晨报│2025 年 9 月 17 日 | | | 主要市场指数表现 | | 收市价 | 上个交易日升 | YTD 升跌 | | --- | --- | --- | --- | | 恒生指数 | 26,438 | -0.03% | +31.80% | | 恒生科技指数 | 6,077 | +0.56% | +36.02% | | 国企指数 | 9,386 | +0.02% | +28.76% | | 沪深 300 | 4,523 | -0.21% | +14.95% | | 上证综合指数 | 3,861 | +0.04% | +15.22% | | 深证成份指数 | 13,063 | +0.45% | +25.44% | | 中小板指 | 7,963 | +0.30% | +24.78% | | 道琼斯指数 | 45,757 | -0.27% | +7.55% | | 标普 500 指数 | 6,606 | -0.13% | +12.33% | | 纳斯达克指数 | 22,333 | -0.07% | +15.66% | | 伦敦富时指数 | 9,195 | -0.88% | +12.51% | | CAC ...
将大力推动战略性专业化重组整合!国务院国资委答中证报记者问
Zhong Guo Zheng Quan Bao· 2025-09-17 04:57
Group 1 - The core viewpoint emphasizes the strategic restructuring and integration of state-owned enterprises to enhance their core functions and competitiveness, thereby supporting economic and social development [1][2][3] - During the "14th Five-Year Plan" period, nine new central enterprises were established, and six groups of ten enterprises underwent strategic restructuring, improving the efficiency of state-owned capital allocation [2][4] - The restructuring focuses on three main areas: supporting national strategies, enhancing industrial collaboration, and optimizing public services, which collectively aim to improve resource allocation and service quality [2][3][4] Group 2 - The market value of central enterprises' listed companies has exceeded 22 trillion yuan, reflecting a nearly 50% increase since the end of the "13th Five-Year Plan" [4] - Central enterprises have implemented cash dividends totaling 2.5 trillion yuan since the beginning of the "14th Five-Year Plan," contributing to the stability of the capital market [4] - Investment in strategic emerging industries has significantly increased, with a cumulative investment of 8.6 trillion yuan since the "14th Five-Year Plan," marking a substantial rise compared to the "13th Five-Year Plan" [5] Group 3 - The "AI+" initiative is being actively pursued, with over 800 application scenarios developed across 16 key industries, aiming to leverage AI for industrial upgrades [6][7] - The establishment of industry data communities has led to the creation of over 1,000 industry data sets, facilitating AI empowerment across various sectors [6] - The capability for intelligent computing supply has more than doubled since the implementation of the "AI+" initiative, with significant investments made in building AI infrastructure [6][7]
国资委:“十四五”期间新组建、设立9家中央企业
Sou Hu Cai Jing· 2025-09-17 04:25
Group 1 - The core viewpoint of the article highlights the significant restructuring and integration efforts of central enterprises during the "14th Five-Year Plan" period, focusing on strategic safety, industrial leadership, and public service [1][3][4] - The State-owned Assets Supervision and Administration Commission (SASAC) has facilitated the market-oriented restructuring of 10 enterprises into 6 groups, and established 9 new central enterprises [1][3] - The restructuring aims to enhance the strategic support capabilities of state-owned enterprises in key industries and critical areas, such as the establishment of China Star Network for satellite internet and the integration of strategic mineral resources [3][4] Group 2 - The restructuring also focuses on increasing industrial collaboration by promoting horizontal alliances among similar businesses and vertical integration across supply chains, exemplified by the merger of Ansteel Group and Benxi Steel Group [3][4] - The formation of China Electric Equipment aims to consolidate resources in the power equipment manufacturing sector, thereby supporting energy supply stability [3][4] - The optimization of public services is another key area, with initiatives like the establishment of China Resource Recycling Group to enhance resource recovery and utilization, and the integration of medical resources by China General Technology Group [4] Group 3 - Future efforts will concentrate on enhancing core functions and competitiveness through systematic thinking, forward-looking planning, and innovative measures to improve the efficiency of state capital allocation and operation [4]
国务院国资委:下一步仍将大力推动战略性专业化重组整合
Zhong Guo Jin Rong Xin Xi Wang· 2025-09-17 03:48
Group 1 - The core viewpoint of the article emphasizes the strategic professional restructuring of central enterprises during the "14th Five-Year Plan" period, focusing on optimizing layout and structural adjustments to enhance national strategic support and public service capabilities [1][2][3] Group 2 - The restructuring efforts are categorized into three main areas: 1. Restructuring to serve national strategic implementation, enhancing the strategic support capability of state-owned enterprises, with examples including the establishment of China Star Network for satellite internet and integration in strategic mineral resources [1][2] 2. Enhancing industrial synergy through horizontal and vertical integration to solve issues like repeated investments and resource dispersion, exemplified by the merger of Ansteel Group and Benxi Steel Group, and the formation of China Electrical Equipment [2] 3. Optimizing public services by integrating resources to provide high-quality and low-cost services, illustrated by the establishment of China Resource Recycling Group and the integration of medical resources within the General Technology Group [2][3] Group 3 - Future plans include enhancing core functions and competitiveness through systematic thinking and innovative measures, aiming to improve the allocation and operational efficiency of state-owned capital [3]
国务院国资委:将大力推动国资央企战略性专业化重组整合
Di Yi Cai Jing· 2025-09-17 03:19
Group 1 - The core viewpoint emphasizes the importance of enhancing the allocation and operational efficiency of state-owned capital to support economic and social development more effectively [1][4] Group 2 - During the "14th Five-Year Plan" period, state-owned enterprises (SOEs) have actively promoted strategic professional restructuring, focusing on national security, industrial leadership, public service, and market-oriented restructuring of 10 enterprises in 6 groups [2] - The restructuring aims to serve national strategic implementation, enhancing the strategic support capability of state-owned economy in key industries, such as the establishment of China Star Network for satellite internet and integration in strategic mineral resources [2][3] Group 3 - The restructuring also targets enhancing industrial synergy by increasing industry concentration, addressing issues like repeated investments and resource dispersion, exemplified by the merger of Ansteel Group and Benxi Steel Group [3] - Additionally, the restructuring focuses on optimizing public services, with initiatives like the establishment of China Resource Recycling Group to promote green transformation and the integration of medical resources, with over 400 medical institutions and more than 50,000 open beds [3]