Group 1 - The A-share market experienced a collective pullback on September 4, with the Shanghai Composite Index down 1.25%, the Shenzhen Component down 2.99%, and the ChiNext Index down 4.16% [1] - The A500 ETF (512050), tracking the CSI A500 Index, fell by 2.25%, while several holdings like Zhongwei Co., Jingao Technology, and Penghui Energy rose over 7% [1] - CITIC Securities indicated that the A-share profit cycle is at a significant turning point, with non-financial and non-oil companies seeing a substantial year-on-year increase in net profit, entering a mild recovery phase characterized by structural differentiation [1] Group 2 - According to招商证券, short-term fluctuations will not alter the growth style, favoring large-cap stocks [2] - With the Federal Reserve's potential interest rate cuts and a stable PPI, foreign capital may gradually flow into the market, suggesting a preference for large-cap growth styles in September [2] - The new generation core A500 ETF (512050) helps investors capture market opportunities by providing exposure to core A-share assets, covering all 35 sub-industries and integrating value and growth attributes [2]
A股盈利周期迎来重要拐点，A500ETF基金（512050）跌超2%，机构称短期震荡不改成长风格主线
Sou Hu Cai Jing·2025-09-04 06:56