2025公募调研次数超7.5万次 后市瞄准盈利复苏和科技两主线

Group 1 - The overall A-share market in 2025 shows a structurally strengthening trend, with public funds significantly increasing their research efforts on listed companies, totaling 2,434 companies researched and over 75,000 research instances [1][2] - The AI industry chain is expected to continue being a core theme in the technology growth sector, with leading companies that achieve substantial breakthroughs in key technologies and hold a leading position in application scenarios being the main targets for long-term growth expectations [1][6] Group 2 - In 2025, 165 public institutions participated in A-share company research, covering all 31 first-level industries and involving 2,434 individual stocks, reflecting a strong emphasis on fundamental research by public institutions [2] - The mechanical equipment sector saw the highest research frequency, with the company "汇川技术" receiving 497 research instances, making it the most favored stock by public funds [2] - The electronics sector also performed well, with four companies in the top ten for research frequency, including "立讯精密" with 422 instances, indicating a strong interest in this sector [3][4] Group 3 - The electronics industry emerged as the most researched sector in 2025, with a total of 14,009 research instances covering 286 stocks, highlighting its core position in the capital market [4] - The pharmaceutical and mechanical equipment sectors followed closely, with 9,927 and 9,469 research instances respectively, indicating ongoing interest in high-quality companies within these industries [4][5] Group 4 - Other sectors such as power equipment, computers, and automobiles also attracted significant attention from public institutions, each with over 4,000 research instances, contributing to a matrix of high-interest sectors [5] - The focus of these high-interest sectors aligns with the current economic transformation and upgrading direction, emphasizing technology innovation and high-end manufacturing [5] Group 5 - Looking ahead to 2026, the recovery of profits and the technology theme are identified as two core keywords for the market, with expectations for the AI industry chain to remain a central focus [6][7] - The recovery of A-share company profits is anticipated to gradually bottom out, driven by spontaneous clearing in the industry, with policy playing a supportive role [7]