Mei Ri Jing Ji Xin Wen·2025-05-07 12:38Core Insights - The "New National Nine Policies" emphasize market value management and dividend regulation, promoting valuation recovery for undervalued state-owned enterprises, while highlighting the importance of "new productive forces" for the growth of technology companies [1] - The "Everyday Brand 100 Index" has seen significant growth, achieving a maximum annual increase of 17.37% and reaching new highs [1][3] Market Performance - The Everyday Brand 100 Index reached a new high of 1181 points, marking a strong performance in its third year despite a complex international environment [2] - The index experienced a significant rebound, rising from 820 points to 1146 points in just ten trading days, reflecting a nearly 40% increase following the introduction of the "924" policy [2][3] Economic Indicators - Key economic indicators such as industrial production, fixed asset investment, and retail sales growth have been below expectations, leading to increased market concerns about corporate profitability [2] - The index's performance has outpaced major A-share indices, demonstrating strong investment elasticity and resilience against risks [5] Valuation Metrics - As of May 7, the Everyday Brand 100 Index had a price-to-earnings (P/E) ratio of 9.5 and a price-to-book (P/B) ratio of 1.17, which are significantly lower than the benchmark indices [7] - The index's valuation advantage is evident, as it remains below the P/E ratios of the Shanghai 50 and CSI 100 indices, as well as the Hang Seng Technology Index [7] Component Stocks - The Everyday Brand 100 Index includes leading companies across various sectors, with significant weightings in Tencent, Alibaba, and Kweichow Moutai, among others [9][10] - The index spans A-shares, Hong Kong stocks, and U.S. stocks, with A-shares accounting for 49.07% and Hong Kong stocks 47.23% of the index [9] Future Outlook - The index is expected to continue its stable operation above the 1000-point mark, with potential for further brand value and valuation increases as component companies enhance their competitive strengths [6] - The rise of domestic AI models and digital transformation is anticipated to reshape brand value and growth logic for listed companies, contributing to the index's growth potential [13]