Zheng Quan Shi Bao·2026-01-20 21:56Core Viewpoint - The A-share market is experiencing a peak in earnings forecasts, with over 500 companies disclosing their 2025 performance predictions, highlighting strong growth in technology sectors driven by AI, while other sectors like photovoltaics and pig farming face challenges [1][2]. Group 1: Company Performance Highlights - Over 525 A-share companies have disclosed earnings forecasts for 2025, with around 200 expecting growth and over 100 projecting net profit increases exceeding 100% [2]. - Huisheng Biological (回盛生物) is expected to achieve a net profit of 235 million to 271 million yuan, representing a year-on-year increase of 1265.93% to 1444.54% due to market expansion and technological upgrades [2]. - Zijin Mining (紫金矿业) forecasts a net profit of 51 billion to 52 billion yuan, an increase of approximately 189 million to 199 million yuan, reflecting a growth rate of 59% to 62% [2][3]. - Baiwei Storage (佰维存储) anticipates a net profit of 850 million to 1 billion yuan, with a year-on-year growth of 427.19% to 520.22%, driven by the demand for AI infrastructure [4]. - Shenghong Technology (胜宏科技) expects a net profit of 4.16 billion to 4.56 billion yuan, a significant increase of 260.35% to 295% compared to the previous year [5]. Group 2: Industry Trends - The "hard technology" sector is showing high profit growth, particularly due to the expanding demand for AI infrastructure and related products [4]. - The photovoltaic industry is currently in a deep adjustment phase, with companies like Tongwei Co. (通威股份) forecasting a net loss of 9 billion to 10 billion yuan due to market oversupply and rising raw material prices [6][7]. - The pig farming sector is facing downward pressure, with companies like Muyuan Foods (牧原股份) and Wens Foodstuffs (温氏股份) predicting declines in performance due to falling pig prices [6][7].