三季度收入端平稳增长，费用投入提升较快 首次覆盖报告：国内橡胶复合备件龙头，全球布局迎收获期 公司简评报告：三季度养殖成本继续下降，盈利保持高增 成本红利释放，业绩延续高增 防城港/台山贡献增量，惠州首堆完成热试 公司季报点评：24Q3归母净利环比微增，自产煤成本管控有效 收入延续优异表现，盈利能力环比迎来改善 2024年三季报点评：芯片电感持续放量，业绩快速增长 2024年三季报点评：业绩增速向上，资产质量稳定 新股覆盖研究：港迪技术

Working Out The Lats: Removing NKE from AFL & Lowering VFC Price Target (Pictorial Herein) Model Update Model Update Lowering Postpaid Net Adds for T & VZ, Raising for S & TMUS; Activity Subdued, But New Promotions Will Come Spot rates fell w/w as A-E routes started to give back gains achieved post HJS bankruptcy; Transpac rates remain steady Key Takeaways From Our "Endless Summer" Restaurant Forum in Santa Barbara Earnings outlook strengthened Government mulling tighter grip Doing well away from home A butterfly emerging from a cocoon