| --- | --- | --- | --- | |--------------------------------------|------------------------------------------------------|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------| | 证券研究报告 \n8 月金股组合 股票代码 | —— 晨会聚焦 \n | 股票名称 | 2024 年 8 月 5 日 \n中银晨会聚焦 -20240805 | | 1519.HK | | 极兔速递 -W | | | 002001.SZ | | 新和成 | | | 002409.SZ | | 雅克科技 | ■ 重点关注 | | 002340.SZ | | 格林美 | | | 688198.SH | | 佰仁医疗 | 【策略研究】 2024 年 A 股中期策略 ...

基础化工 | 证券研究报告 — 行业周报 2024 年 8 月 5 日 强于大市 化工行业周报 20240804 国际油价波动，维生素价格跳涨 8 月份建议关注：1、关注维生素、涤纶长丝、制冷剂、化肥等产品价格变化 及中报业绩兑现；2、大基金三期、下游扩产等多因素催化，关注部分半导体、 OLED 等电子材料公司；3、油价中高位，关注大型能源央企及相关油服公司 在新时代背景下的改革改善与经营业绩提升；4、中报超预期相关投资机会。 行业动态 本周（7.29-8.4）均价跟踪的 101 个化工品种中，共有 22 个品种价格上涨，49 个品种价格下 跌，30 个品种价格稳定。周均价涨幅居前的品种分别是维生素 A、维生素 E、硫酸(浙江巨 化 98%)、纯 MDI（华东）、二氯甲烷（华东）；而周均价跌幅居前的品种分别是丙酮（华 东）、硝酸(华东地区)、盐酸（长三角 31%）、液氨（河北新化）、液氯（长三角）。 本周（7.29-8.4）国际油价下跌，WTI 原油期货价格收于 73.52 美元/桶，周跌幅 4.72%；布 伦特原油期货价格收于 76.81 美元/桶，周跌幅 5.32%。宏观方面，二季度美国 GDP 增长超 ...

电力设备 | 证券研究报告 — 行业周报 2024 年 8 月 5 日 国办印发碳排双控方案，英国上调海风预算 光伏方面，多晶硅硅料价格筑底，行业减产情绪进一步加强，供需关系逐步 缓和，我们预计率先完成产能出清，颗粒硅与块状硅销售价格维持 0.3-0.5 万元/吨，看好颗粒硅市占率提升；组件部分厂商尝试抬价但实际成交价上涨 仍需等待需求大幅增长信号；逆变器需求持续向好；建议优先配置行业格局 较优、成本优势较为明显的行业细分环节。风电方面，H2 国内海风招标及 建设有望稳步推进，省级深远海示范项目与规划逐步出台，打开远期想象空 间；海外伴随利率下行与项目规划逐步推进，欧洲等市场需求有望从 2025 年开始释放，带动出海需求，建议优先配置受益于海风、出海逻辑的塔筒桩 基与海缆环节，估值较低的陆风环节，存在渗透率提升逻辑的国产化与新技 术环节。新能源车方面，材料环节依然面临盈利压力。我们预计下半年材料 降价压力有望缓解，盈利有望得到修复。新技术方面固态电池产业化加速， 在相关领域有布局的材料和设备企业有望受益。建议优先布局格局较优的电 芯环节，海外客户放量以及一体化布局较优的部分中游材料环节。电力设备 领域，国内持 ...

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计算机 | 证券研究报告 — 调整盈利预测 2024 年 8 月 2 日 002410.SZ 买入 原评级：买入 市场价格:人民币 10.40 板块评级:强于大市 股价表现 (73%) (59%) (44%) (29%) (14%) 0% Jul-23Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24 广联达 深圳成指 (%) 今年 至今 1 个月 3 个月 12 个月 绝对 (37.5) 8.6 (8.0) (68.0) 相对深圳成指 (27.6) 12.9 3.6 (44.3) | --- | --- | |------------|-----------| | | 1,664.87 | | | 1,588.83 | | | 17,314.64 | | 百万) | 354.43 | | | | | | 15.98 | | ，中银证券 | | 以 2024 年 7 月 30 日收市价为标准 相关研究报告 《广联达》20240329 《广联达》20231030 《广联达》20230822 中银国际证券股份有限公司 具备证券投资咨 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][3][4] - The market price is noted at RMB 9.45, with a sector rating of "Outperform" [1] Core Insights - The company is expected to face short-term performance pressure due to increased R&D investments, but it stands to benefit from a new round of fiscal and tax reforms [3][4] - The company anticipates a revenue of RMB 3.71 billion to RMB 3.88 billion for the first half of 2024, representing a year-on-year growth of 10% to 15% [3] - The net loss attributable to shareholders is projected to be between RMB 750 million and RMB 880 million, with a reduction in loss compared to the previous year [3][4] Summary by Sections Financial Performance - The company’s revenue for 2024 is forecasted to be RMB 11.745 billion, with a growth rate of 19.9% [5] - The net profit for 2024 is expected to be RMB 211 million, showing a significant recovery from a loss of RMB 967 million in 2023 [5][6] - The EPS for 2024 is projected at RMB 0.06, with a PE ratio of 152.8 [5][7] R&D and Business Strategy - Increased R&D spending has led to higher amortization of intangible assets, contributing to the current losses [4] - The company is leveraging its tax cloud platform to capitalize on the demand for tax management solutions among large enterprises, with notable clients like Midea and CITIC [4][6] - The integration of AI into various business functions is expected to create new growth opportunities, enhancing recruitment efficiency and quality [4][6] Market Position and Valuation - The company’s market capitalization is approximately RMB 32.305 billion, with a three-month average trading volume of RMB 209.88 million [2] - The report emphasizes the company's strong position in the tax cloud market, which is expected to grow due to ongoing fiscal reforms [4][6] - Future earnings projections for 2025 and 2026 are RMB 436 million and RMB 752 million respectively, indicating a positive growth trajectory [5][6]

| --- | --- | --- | --- | |----------------------------------------|------------------------------------------------------|-------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------| | 证券研究报告 \n8 月金股组合 股票代码 | —— 晨会聚焦 | \n股票名称 | 2024 年 8 月 2 日 \n中银晨会聚焦 -20240802 | | 1519.HK | | 极兔速递 -W | | | 002001.SZ | | 新和成 | | | 002409.SZ | | 雅克科技 | ■ 重点关注 | | 002340.SZ | | 格林美 | | | 68819 ...

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