侃股：一季报和年报综合研究更有意义

Group 1 - The annual reports of listed companies are generally considered more valuable than quarterly reports due to their detailed data and higher perceived authenticity after audit [1][2] - Quarterly reports reflect different time periods and can provide insights into potential discrepancies in performance expectations, especially if annual reports show strong performance but quarterly results do not meet expectations [1][2] - A significant increase in quarterly performance following a mediocre annual report can indicate positive future prospects, potentially leading to a rise in stock prices [2] Group 2 - Combining annual and quarterly reports allows for a more accurate assessment of a company's performance and future expectations, aiding in investment decision-making [2] - Investors should analyze both annual and quarterly reports to understand long-term performance trends and short-term fluctuations [2][3] - Adjusting performance expectations based on the latest trends in products and services can lead to more accurate predictions of future performance [3]