视频|李蓓：最惨的行业里龙头企业盈利回升，就是寒冬中开出的花

Group 1 - The 2025 Analyst Conference highlighted the potential for a bull market in A-shares, attracting global capital inflows [1] - Li Bei, founder of Hanxia Investment, used China Liansu, a leading company in the pipe industry, as an example of profitability amidst industry challenges [1] - In a struggling industry, only the top two companies are maintaining profits, with the first-ranked company achieving a net profit margin of 6%, while the second-ranked company has a net profit margin of only 1% [1] Group 2 - The recovery of profits in leading companies supports the overall market index's return on equity (ROE), indicating limited downside risk [1]