上市公司密集披露业绩预告公募基金沿盈利主线挖掘投资机会

Group 1 - A-share market showed signs of stabilization and rebound in July, with the Shanghai Composite Index reaching above 3600 points, driven by economic recovery, policy support, and ample liquidity [2] - The Shanghai Composite Index recorded a 3.74% increase in July, ranking among the top global market indices, attracting both domestic and foreign investors [2] - Institutional investors are optimistic about the medium to long-term outlook of the A-share market, citing clear signs of consumer recovery and a stabilizing real estate market [2] Group 2 - As of August 1, 1590 listed companies in A-share have disclosed their half-year performance forecasts for 2025, indicating a mixed performance among companies [2] - Fund managers are focusing on sectors and companies with improved operational data and are particularly tracking those with better-than-expected half-year results [3] - The technology sector is seen as having structural opportunities, with breakthroughs in domestic algorithm technology and accelerated iterations of domestic models [3][4] Group 3 - The consumption sector is undergoing significant changes, with high-end dining experiencing deep adjustments, expected to fully manifest in the third quarter [4] - Morgan Stanley Fund remains optimistic about three main directions in the A-share market: technology growth, Chinese manufacturing, and new consumption [4] - Companies in the technology sector, particularly in AI applications and semiconductors, are viewed as having high cost-performance ratios, while quality companies in manufacturing and new consumption are also highlighted for their growth potential [4]