A500早参|A股上市公司业绩稳中有进，A500ETF基金(512050)底部反弹超7%

Core Viewpoint - The A-share market experienced a rebound after an initial decline in April, with significant gains in major indices and ETFs, indicating a recovery in investor sentiment and market dynamics [1] Market Performance - The Shanghai Composite Index rose by 5.89% since April 8, while the CSI A500 Index increased by 5.64%. The A500 ETF (512050) saw a cumulative increase of 7.02%, surpassing the 20-day moving average [1] - The total revenue for the Shanghai Stock Exchange's main board reached 49.57 trillion yuan, with a net profit of 4.35 trillion yuan, reflecting a year-on-year increase of 1.9% [1] - The Sci-Tech Innovation Board reported revenues of 1.42 trillion yuan and net profits of 475.23 billion yuan, with over 50% of companies showing profit growth [1] - The Shenzhen Stock Exchange recorded revenues of 20.82 trillion yuan and net profits of 806.447 billion yuan [1] - The Beijing Stock Exchange had 265 companies with total revenues of 180.845 billion yuan, averaging 6.82 million yuan, remaining stable compared to the previous year, with 225 companies reporting profits [1] Future Outlook - According to CITIC Securities research, the global market's risk aversion has decreased, leading to a recovery in risk appetite, supported by liquidity and a slowdown in trade tensions [1] - The upcoming May Day holiday is expected to boost domestic consumption, contributing to improved internal demand [1] - The AI sector is experiencing accelerated development, with advancements in large models and multi-modal applications [1] - The first quarter reports of A-share companies indicate profit improvements, with structural differentiation in industry revenue growth, highlighting the importance of focusing on sectors that maintain high prosperity [1] - The short-term risk appetite is expected to continue improving, potentially leading to a phase shift in market style towards growth [1]