策略周报：回归基本面 重视海洋经济

Group 1 - The report emphasizes a return to fundamentals, indicating that the market has shown a downward trend after a strong breakout, influenced by the previous significant gains in core sectors and a lack of substantial trading volume [4][8] - The report suggests that investors should focus on companies with strong fundamentals, especially as the market enters a phase of intensive earnings releases, where speculative stocks may face performance tests [4][5] - The report identifies April as a historically volatile month for the market, highlighting the importance of monitoring economic data and domestic policy developments [4][5] Group 2 - The report highlights the marine economy as a new strategic direction emphasized during the Two Sessions, suggesting it could become a mainstream sector akin to the low-altitude economy expected in 2024 [5][9] - It notes that various regions are implementing marine economy policies, which could positively impact related industries, particularly in underexplored areas like deep-sea technology [5][9] - Investment recommendations include focusing on high-dividend companies based on fundamentals, while also maintaining a positive outlook on sectors like artificial intelligence and robotics, which are expected to see growth as production scales up [5][9] Group 3 - The report indicates that the market experienced significant adjustments, with the STAR Market showing the largest declines, and smaller-cap indices falling more than larger-cap indices [10][11] - It mentions that the best-performing sectors are primarily in consumer-related industries such as beauty and food and beverage [13] - The report notes that the overall valuation levels remain reasonable, except for the STAR 50 index, which has seen a notable increase [23][24]