时报图说丨沪指创近十年新高！这次有何不同？

Core Viewpoint - The Shanghai Composite Index reached a nearly 10-year high on August 18, 2021, surpassing the previous peak of 3731.69 points from February 18, 2021, and the total market capitalization of A-shares exceeded 100 trillion yuan [1]. Market Performance - The Shanghai Composite Index's highest intraday point was 3652.84 on August 21, 2015, 3731.69 on February 18, 2021, and 3745.94 on August 18, 2025 [2]. - The total market capitalization increased from 49 trillion yuan in 2015 to 100 trillion yuan in 2021 [2]. - The total market capitalization to GDP ratio was 77% in 2015, 87% in 2021, and is projected to be 74% in 2025 [2]. - The number of listed companies grew from 2800 in 2015 to 5432 in 2025 [2]. Valuation Metrics - The average price-to-earnings (P/E) ratio for the Shanghai market was 17 in 2015, 18 in 2021, and is projected to be 15 in 2025 [3]. - The Shenzhen market's average P/E ratio was 42 in 2015, 37 in 2021, and is projected to be 29 in 2025 [3]. - The dividend yield for the Shanghai Composite Index was 1.79% in 2015, 1.89% in 2021, and is projected to be 2.31% in 2025 [3]. - The dividend yield for the Shenzhen Component Index was 0.73% in 2015, 0.84% in 2021, and is projected to be 1.73% in 2025 [3]. - The one-year Loan Prime Rate (LPR) was 4.80% in 2015, 3.85% in 2021, and is projected to be 3.00% in 2025 [3]. Industry Performance - The top 10 industry indices by growth over the past decade include: - Baijiu: 372.64% - Components: 219.84% - Other Power Equipment: 219.30% - Energy Metals: 208.10% - Non-metallic Materials: 187.96% - Batteries: 183.18% - Small Appliances: 165.22% - Precious Metals: 154.93% - Semiconductors: 151.53% - Passenger Vehicles: 143.99% [4][5].