A股盈利周期有望更进一步，上证综指ETF（510760）近10日净流入超5亿元

Group 1 - The core viewpoint is that the A-share profit cycle may have reached a turning point, with a significant probability of profit indicators rebounding by Q3 2025, indicating a gradual stabilization of A-share profits [1] - Since the mid-2025 interim report, A-share profit indicators have shown signs of bottoming out, with the year-on-year decline in EPS for the entire A-share market narrowing in the third quarter [1] - There are clear signs of stabilization and rebound in key profitability metrics such as ROE, suggesting that critical indicators of profitability are gaining upward momentum [1] Group 2 - The domestic economy is likely in a recovery phase, supported by policies aimed at "anti-involution" and boosting domestic demand, which may further enhance the A-share profit cycle [1] - The ongoing narrative surrounding artificial intelligence continues to provide market support, indicating a favorable outlook for the market [1] - For investment allocation, it is recommended to focus on representative broad-based indices, prioritizing the CSI A500 ETF (159338) and the SSE Composite Index ETF (510760) to better navigate the anticipated high volatility in the market [1]