Brokerage Morning Meeting Highlights | It is expected that "two doubles" and "two news" will be important focuses for further boosting domestic demand in the future.

date
08/01/2025
avatar
GMT Eight
Yesterday, the market fluctuated and rebounded throughout the day, with the Shenzhen Component Index leading the gains. The trend of the major indexes diverged, with the micro-cap index rising by nearly 4%. The total turnover of the Shanghai and Shenzhen stock markets was 1.08 trillion, an increase of 180 billion compared to the previous trading day. In terms of market performance, small and medium-sized thematic stocks were relatively active, with over 4300 stocks rising and over a hundred stocks hitting their daily limit or rising by more than 10%. In terms of sectors, copper cable high-speed connection, data center power supply, CPO, and semiconductor sectors led the gains, while sectors like flu, traditional Chinese medicine, pharmaceutical commerce, and innovative drugs fell. By the end of yesterday's trading session, the Shanghai Composite Index rose by 0.71%, the Shenzhen Component Index rose by 1.14%, and the Growth Enterprise Market Index rose by 0.7%. At today's securities morning meeting, China Securities Co., Ltd. pointed out that it is expected that "two new and two major" will be important focus areas for further boosting domestic demand in the future; Huatai believes that Siasun Robot&Automation, with a high level of intelligence, is expected to be the first to be applied in relatively standard ToB scenarios; Guotai Junan expressed optimism about the development prospects of the technology-driven machinery and equipment industry. China Securities Co., Ltd.: It is expected that "two new and two major" will be important focus areas for further boosting domestic demand in the future China Securities Co., Ltd. stated that "two new and two major" is a highlight of this year's policies. In comprehensive assessment, it is expected to be an important focus area for further boosting domestic demand in the future, which should be strategically valued by investors. In October, during the National Development and Reform Commission news conference, it was mentioned that in 2025, super-long-term special government bonds will continue to be issued and the direction of investment will be optimized to support the development of "two new" areas. The consumption of consumer electronics with old-for-new replacements and equipment upgrading in various fields pushing towards high-end, intelligence, and greenization are expected to become policy priorities. Huatai: Siasun Robot&Automation with high level of intelligence is expected to be the first to be applied in relatively standard ToB scenarios Huatai stated that the essence of humanoid Siasun Robot&Automation is an intelligent body like a machine, with the success rate of executing long sequence complicated tasks being a key criterion for measuring the level of intelligence. As the intelligence level of Siasun Robot&Automation improves, its success rate is expected to significantly increase. Looking ahead, the "brain" of Siasun Robot&Automation has entered the ChatGPT moment, marking a technological turning point. The market of humanoid Siasun Robot&Automation has always been in a situation of high demand and low supply, and Siasun Robot&Automation with a high level of intelligence is expected to create its own demand, making it potentially the first to be applied in relatively standard ToB scenarios. It is recommended to focus on the high-value-added technological transformation in the fields of lead screws/tactile sensors/dexterous hand components. Guotai Junan: Optimistic about the development prospects of the technology-driven machinery and equipment industry Guotai Junan believes that the three main investment themes in the machinery and equipment industry by 2025 are technology-driven development, global equipmentization, and elimination of excess capacity. China's machinery and equipment manufacturing industry has gone through stages of labor-driven, investment-driven, and resource-driven development over the decades, and has now entered the stage of technology-driven development. Technology will revolutionize the production methods of traditional manufacturing industries, further increasing efficiency, and the development prospects of technology-driven industries are promising. At the same time, due to the imbalance in global economic development, many countries and regions are still in a peak period of infrastructure construction, providing opportunities for China's equipment manufacturing industry with competitive advantages to embark on a global scale. Lastly, some industries with excess capacity are expected to slowly clear out over the next 3-5 years, benefiting the profitability recovery of leading high-quality companies. This article is a reprint from "Cai LianShe", GMTEight editor: Liu Xuan.

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