Group 1 - The current market is focusing on the annual reports and Q1 performance of listed companies, as the time lag between policy implementation and its impact on company performance requires confirmation from institutions regarding industry prosperity and earnings realization [1][2] - As of March 25, nearly 500 companies have disclosed their 2021 annual reports, with over 4,000 companies expected to report by the end of April [1] - Historical data suggests that A-shares have a high probability of adjustment in mid-April, leading to a period of repeated bottoming with a focus on structural opportunities [1][2] Group 2 - Institutions are likely to increase their focus on companies with sustainable earnings and favorable industry conditions to attract further investment [1] - The investment community is particularly interested in sectors with high growth potential, such as the semiconductor industry, while also considering defensive stocks like telecom operators and high-dividend stocks [2] - Market sentiment is expected to remain weak post-adjustment, with a heightened demand for growth certainty in investment targets [2]

Group 1 - JiuTai Rural Commercial Bank, a major rural commercial bank in Northeast China, has been under market scrutiny since its Hong Kong listing in 2017 [1] - On March 12, 2025, the bank's H-shares were temporarily suspended from trading on the Hong Kong Stock Exchange for the first time in eight years, pending the release of insider information [1] - As of the end of Q3 2024, the bank reported a total asset of 262.06 billion yuan and a total liability of 242.86 billion yuan, with a net profit of -85.80 million yuan for the first three quarters [1] Group 2 - The bank announced a delay in publishing its 2024 annual report, which is typically perceived as a sign of internal management issues or poor financial health, negatively impacting investor confidence and the bank's reputation [2] - The temporary suspension and reported losses have raised concerns about the future development of JiuTai Rural Commercial Bank, reflecting broader challenges faced by companies in the current economic environment [2]

每经记者 陈晴 每经编辑 文多 截至5月6日下午，A股上市公司年报披露季已经结束，但仍有8家公司年报"难产"。 《每日经济新闻》记者注意到，这8家公司中的玉龙股份、中航产融和普利退正在主动推进退市事项或 者已经确定了将退市。 另5家公司年报未能按时披露，则是因为重要事项需要核实或者补充等原因。年报"难产"消息下，这5家 公司的股票均已停牌。停牌前，多数公司的股价下跌，但也有一家公司——ST新潮股价不跌反涨，成 为资金抢夺的"香饽饽"。 8家公司市值呈现"两极化" Wind数据显示，5403家上市公司已披露2024年年报，不过，玉龙股份、中航产融、普利退、ST新潮、 紫天科技、金力泰、天茂集团、*ST恒立出现年报"难产"。 从估值来看，这8家公司市值呈现"两极化"。其中玉龙股份、ST新潮、中航产融和天茂集团4家公司市 值超百亿元，中航产融市值甚至达到306亿元。另外4家公司中，金力泰市值大约20亿元，其他3家公司 市值均不足20亿元。 上述5家公司股价表现却不尽相同。具体来说，紫天科技早于3月份就已经停牌，ST新潮、金力泰、天 茂集团、*ST恒立等4家公司则于5月6日起停牌。 停牌前，天茂集团、*ST恒立和金力 ...