中银证券：中银晨会聚焦-20250123

Core Insights - The report highlights a selection of stocks for January, including Yunda Co., China Petroleum, and Ningde Times, indicating a focus on diverse sectors such as logistics, energy, and technology [1] - The report emphasizes the strong growth potential of Minxin Co., projecting a revenue increase of 28.8% to 36.9% year-on-year for 2024, driven by breakthroughs in pressure products and cost reduction measures [2][5] Company Performance - Minxin Co. expects to achieve an annual revenue of 480 to 510 million yuan for 2024, with a significant reduction in net loss by 55.8% to 70.5% [2][5] - The company anticipates its first quarterly profit in Q4 2024, with projected revenue of 143 to 173 million yuan, representing a year-on-year growth of 25.4% to 51.8% [5] - The growth in revenue is attributed to increased sales of pressure products, improved gross margins, and effective cost control measures [5] Industry Trends - The report notes a positive outlook for high signal-to-noise ratio silicon microphone products, driven by the demand from domestic smartphone manufacturers [6] - Minxin Co. is expected to benefit from new product developments in various sectors, including barometers, automotive applications, and humanoid robots, indicating a broadening of its market reach [7] - The company has made progress in penetrating the domestic market for barometers and is exploring opportunities in the automotive sector with Tier 1 manufacturers [7]