专家分析指出，头部区县的产业布局呈现三大特征：一是金融、科技、商务服务等现代服务业占比普遍 超过60%；二是战略性新兴产业增速保持在15%以上；三是总部经济效应显著，世界500强企业区域总 部密集落户。以浦东为例，这里聚集了包括特斯拉超级工厂、中芯国际等在内的340家跨国企业地区总 部。 这份区县经济榜单不仅反映了中国城市发展的最新成果，更预示着未来区域竞争的新赛道——科技创新 能力、高端要素配置效率和国际化水平将成为决定城市经济排名的关键变量。 2024年四大一线城市各区县市GDP | 排名 | 地区 | GDP | 城市 | 排名 | 地区 | GDP | 城市 | | --- | --- | --- | --- | --- | --- | --- | --- | | - | 浦东新区 | 17752.28亿 | 上海1 | 41 | 大兴区 | 1334.80亿 | 北京10 | | 2 | 海淀区 | 12907.10亿 | 北京1 | 42 | 荔湾区 | 1316.36亿 | 广州10 | | 3 | 南山区 | 9500.97亿 | 深圳1 | 43 | 石景山区 | 1312.90亿 | 北京 ...

Group 1 - Inner Mongolia's investment in nine industrial chains exceeded a growth rate of 50% in Q1, with the grass and sheep meat industrial chains achieving remarkable increases of 233.3% and 100% respectively [1] - The strategic emerging industries in Inner Mongolia are showing strong investment attraction, with the energy storage industrial chain seeing a funding increase of 61.5%, and wind power equipment growing by 58.3% [1] - A total of 433 major projects with investments over 1 billion yuan accounted for 66.6% of the total funding, highlighting the importance of significant projects in stabilizing growth [1] Group 2 - Inner Mongolia is enhancing its investment attraction by optimizing its industrial layout and developing ten industrial clusters, which include new alloy materials, wind and solar power, and green agricultural products [2] - In Q1, 30 industrial formats within the ten industrial clusters achieved contracts, filling gaps in hydrogen energy, low-altitude economy, and specific medical raw materials [2] - The target for attracting domestic funds is set at over 570 billion yuan by 2025, with a Q1 growth rate of 37.7%, continuing a trend of high growth over the past three years [3]

从DeepSeek的震撼登场，到国产人形机器人的飞跃发展，再到国产六代机的领先试飞，中国战略新兴 产业正以前所未有的姿态屹立于世界舞台。2024年政府工作报告再次强调"积极打造低空经济新增长引 擎"，并配套出台一系列政策。2025年政府工作报告中，进一步升级相关表述，要求"深入推进战略性新 兴产业融合集群发展"。特别是3月28日中国民航局颁发的全球第一批载人类民用无人驾驶航空器运营合 格证(OC)的落地，标志着中国通用航空产业的载人类民用无人驾驶航空器应用正式从试点迈向商业 化，据中国民航局数据，中国低空经济规模2023年已突破5060亿元，同比增速达34%，预计2026年有望 突破万亿，年复合增长率约25.6%；到2035年，市场规模有望达到3.5万亿元，作为中国战略新兴产业的 关键一环，通用航空产业正迎来其腾飞的黄金时期，万亿级投资窗口已然敞开。 从风格特征来看，该指数中小盘风格鲜明，低于300亿市值的成分股占比达88%，与同类中小盘指数相 似，指数波动率较高。在当前A股市场估值扩张周期中，中小盘成长风格往往占据优势，具备产业成长 潜力的板块将持续受益。对于风险偏好较高、具备交易能力的投资者而言，其高弹性 ...

消息面上，继500亿元投向A股与港股市场后，新华人寿与中国人寿再次出手加大股市投资。4月29日， 新华保险公告称，公司与中国人寿拟各出资100亿元认购由国丰兴华发起设立的私募基金的份额，此次 投资合计规模为200亿元。将投资于中证A500指数成分股中符合条件的大型上市公司A+H股。险资加大 支持战略性新兴产业，新能源、人工智能等领域的企业有望获得更多股权融资支持，将加速科技创新领 域资本形成、促进产业链升级。 5月6日，A股市场高开高走，A500指数在主要核心宽基指数中涨势居前。A500ETF（159339）过去20个 交易日日均成交额3.30亿元，市场热度较高。 A500指数成分股中，盛和资源涨超10%，岩山科技、神州泰岳、中国稀土涨超7%，沪电股份、伯特 利、金域医学涨超6%，其余成分股积极跟涨。 各行业超级龙头，"漂亮50"：A50ETF基金（159592）跟踪的A50指数布局各行业超大市值龙头股，这 些绩优大白马在供给侧改革的趋势下受益于市场集中度提升，在业绩披露期或更受资金青睐。 民生证券表示，从市场情绪和宏观经济环境来看，尽管中美贸易摩擦初现缓和迹象，4月份美国非农数 据也暂时打消了市场对经济衰退 ...

分行业来看，28个实体大类行业中，农林牧渔、电子、交通运输、汽车、商贸零售等行业增幅靠前；金 融业实现净利润2.7万亿元，同比增长10.3%，增速较三季报进一步提升。上市公司营业收入相当于GDP 的56.0%，实体上市公司利润总额相当于规模以上工业企业的54.9%，上市公司作为国民经济"压舱 石"的地位进一步凸显。 从2024年年报来看，在增强效能方面，上市公司回款速度加快，现金流压力有所缓解；在重视回报方 面，上市公司分红回购再创新高，回报投资者力度持续加大；在提高质量方面，常态化退市局面逐步形 成，资本市场吐故纳新持续显效。 ◎记者 梁银妍 截至4月30日，沪深两市共5100多家上市公司披露了2024年年报。年报数据显示，2024年沪深上市公司 业绩保持韧性，74%的上市公司实现盈利，48%的上市公司盈利正增长。 消费、出行、出口反映实体经济活力 上市公司是实体经济"基本盘"，年报数据反映出诸多经济亮点： 看科技创新： 超半数上市公司聚焦战略性新兴产业 上市公司是科技创新的"主力军"。中国中车发布最新一代CR450动车组样车，继续引领全球先进水平； 中国交建勇当开路先锋，成功研制"天山号""胜利号"硬岩挖 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company achieved a revenue of 633.68 billion yuan in 2024, reflecting a year-on-year growth of 4.1%, while the net profit attributable to shareholders decreased by 7.2% to 12.02 billion yuan [5][10] - The company continues to see stable growth in its core business, particularly in water conservancy, hydropower, and renewable energy sectors, with significant increases in solar project capacity [6][8] - New contract signings increased by 11.2% to 1,270.69 billion yuan in 2024, with notable growth in energy and infrastructure contracts [7] Summary by Sections Revenue and Profitability - In 2024, the company reported operating revenue of 633.68 billion yuan, with a net profit of 12.02 billion yuan, and a decrease in net profit margin to 2.5% [5][6] - The gross margin for 2024 was 13.2%, slightly down from the previous year, while the gross margin for the first quarter of 2025 was 10.8% [6][10] Contract and Project Growth - The company secured new contracts worth 1,270.69 billion yuan in 2024, with energy and infrastructure contracts showing strong growth [7] - The company emphasized the quality of contracts, with high-quality orders accounting for 44.2% of new contracts [7] Capacity Expansion - The company added 204.2 MW of wind power, 404.37 MW of solar power, and 0.18 MW of hydropower capacity in 2024, leading to a total installed capacity of 33,128 MW, a 22% increase year-on-year [8] - The company is actively developing new energy projects, with significant contributions to revenue and investment from these sectors [8] Cash Flow and Dividends - The company reported a net operating cash inflow of 24.55 billion yuan in 2024, an increase of 22.8 billion yuan from the previous year [9] - The proposed dividend for 2024 is 1.2695 yuan per share, maintaining a payout ratio of 18.2% [10] Financial Forecasts - The company has adjusted its net profit forecasts for 2025 and 2026 to 12.70 billion yuan and 13.40 billion yuan, respectively, reflecting a downward revision of 13% and 18% [10]

Core Viewpoint - The A-share market has shown resilience and improvement in performance for 2024, driven by a series of growth policies and the impact of AI on technological innovation, with over half of listed companies achieving revenue growth and a significant number of new listings reporting both revenue and net profit increases [2][5][6]. Group 1: Market Performance - In 2024, among 5,403 listed companies, 3,035 achieved positive revenue growth, accounting for 56.17% [5] - Over half of the 100 newly listed companies in 2024 reported both revenue and net profit growth, with notable performances from companies like Kema Technology and Pioneer Precision [6][7] - The financial sector has accelerated recovery, with consumer spending and logistics showing significant improvement, contributing to the overall resilience of listed companies [2][3]. Group 2: Regulatory Impact - The introduction of new regulations, including the "National Nine Articles," has led to a significant reduction in the number of terminated IPO reviews, with only 2 terminations in April 2024 compared to 31 in the same month of the previous year [3][8] - The strict IPO review process has resulted in a tripling of terminated projects in 2024, indicating a focus on improving the quality of listed companies [7][8]. - The implementation of the "strictest delisting rules" has led to 22 companies being delisted in 2024, with a focus on financial and trading indicators [9][10]. Group 3: Corporate Quality Improvement - The combination of delisting and rescue measures has led to an overall improvement in the quality of listed companies, with 32 companies expected to withdraw delisting risk warnings by the end of May 2024 [11][12] - Companies like *ST Hengyu have successfully removed delisting risk warnings by improving their financial performance, demonstrating the effectiveness of regulatory measures [12][13]. Group 4: Investor Returns - In 2024, nearly 70% of listed companies announced cash dividend plans, totaling 1.66 trillion yuan, with the overall dividend amount reaching 2.39 trillion yuan, a 7.2% increase year-on-year [15][16] - The number of companies announcing mid-term dividends has significantly increased, with 985 companies declaring plans, marking a 4.3-fold increase in both number and amount compared to 2023 [15][16]. - State-owned enterprises continue to be the main contributors to dividends, with nearly 1,000 state-owned companies distributing a total of 1.5 trillion yuan in dividends in 2024 [16].

Core Insights - The A-share market has shown resilience in 2024, with over half of the 5403 listed companies reporting revenue growth, and 55% of new listings achieving both revenue and net profit increases [1][4] - The financial sector is recovering, driven by AI innovation and supportive policies, leading to improved performance in Q1 2024 [1] Group 1: Market Performance - 3035 companies, or 56.17%, reported positive revenue growth in their 2024 annual reports [4] - Among the 100 new listings in 2024, more than half achieved simultaneous revenue and net profit growth [4] - Notable performers include Kema Technology, which reported revenue of 857 million yuan, a 78.45% increase, and net profit of 311 million yuan, a 279.88% increase [4] Group 2: IPO and Regulatory Environment - The introduction of new regulations has led to a significant reduction in the number of terminated IPO reviews, with only 2 in April 2024, compared to 31 in the same month of the previous year [2][5] - A total of 300 IPO projects were terminated in 2024, indicating a rigorous screening process [5][6] - The "hard technology" focus of the Sci-Tech Innovation Board has been reinforced, with over 80% of new listings in strategic emerging industries [7] Group 3: Delisting and Company Quality - The trend of regular delisting is becoming established, with 55 companies delisted in 2024, and 22 confirmed delistings by April 30, 2025 [9][10] - The new delisting regulations have prompted companies to improve their quality, with many successfully removing delisting risk warnings [10][11] Group 4: Shareholder Returns - In 2024, the total cash dividend amount reached 2.39 trillion yuan, a 7.2% increase year-on-year, with nearly 70% of listed companies announcing dividend plans [13][14] - The number of companies announcing mid-term dividends increased significantly, with 985 companies declaring a total of 699.47 billion yuan, marking a 4.3-fold increase in number and a 2.7-fold increase in amount compared to 2023 [14] - Share buyback activities also surged, with 1470 buyback plans disclosed, totaling 212.3 billion yuan, which is 2.1 times the amount in 2023 [15]

2024年，深市上市公司交出了一份彰显韧性与活力的成绩单，总体业绩稳中有进。它们合计实现营收 20.82万亿元、净利润超8000亿元，在复杂多变的市场环境中展现出强大韧性。 各板块发展亮点频现，龙头公司发挥关键作用。研发投入超7600亿元，为发展注入强劲动能，推动"三 大领域"跨越突破。同时，出海业务增长强劲，国内需求持续回暖，多个行业盈利提升，为经济高质量 发展持续赋能。 合计实现营业收入20.82万亿元 利润超8000亿元 2024年，深市上市公司整体经营稳健向好。深市上市公司合计实现营业收入20.82万亿元，"十四五"规 划以来复合增长率达到8.55%；合计实现净利润8064.47亿元。 【导读】深市上市公司2024年实现营业收入20.82万亿元，净利润超8000亿元 1585家公司收入增长，占比为55.30%；2064家公司实现盈利，占比为72.02%；1345家公司净利润同比 改善，占比为46.93%。 其中，实体经济"基本盘"稳固。深市实体类上市公司去年平均营业收入69.49亿元，"十四五"规划以来 复合增长率达到9.48%；平均净利润为2.82亿元；平均EBITDA 8.10亿元，"十四五"规划 ...

21世纪经济报道记者 杨坪 深圳报道 随着2024年年报正式收官，深市上市公司整体业绩揭晓。 2024年，深市上市公司合计实现营业收入20.82万亿元，"十四五"规划以来复合增长率达到8.55%；合计 实现净利润8064.47亿元。 1585家公司收入增长，占比55.30%；2064家公司实现盈利，占比72.02%；1345家公司净利润同比改 善，占比46.93%。 其中，实体类上市公司平均营业收入69.49亿元，"十四五"规划以来复合增长率达到9.48%；平均净利润 2.82亿元；平均EBITDA 8.10亿元，"十四五"规划以来复合增长率达到7.17%，展现出实体经济稳固 的"基本盘"。 龙头公司发挥"压舱石"作用 分板块来看，深市主板公司合计实现营业收入16.78万亿元，占深市上市公司80.64%；合计实现净利润 5989.59亿元，占深市上市公司74.27%。其中，32家主板公司营业收入超过千亿元。 创业板公司合计实现营业收入4.03万亿元；合计实现净利润2074.88亿元；36.31%的公司连续两年实现 收入正增长，19.54%的公司连续两年实现净利润正增长；31.10%的公司连续两年研发强度超5% ...