Group 1 - A-shares show resilience with notable performance in the midstream and technology sectors, as the overall revenue growth for A-shares turned positive in 2025H1, with cumulative year-on-year revenue growth of 0.2% for all A-shares and 0.2% for non-financial A-shares [15][33][76] - The profit growth for A-shares in 2025H1 has slowed but remains positive, with cumulative year-on-year net profit growth of 2.6% for all A-shares and 2.8% for non-financial A-shares, reflecting a slight decline compared to 2025Q1 [33][43][76] - The midstream sector's performance has improved significantly, with a profit growth rate of 11.3% in 2025H1, while the technology sector maintained a high profit growth rate of 17.1% [2][43][44] Group 2 - The return on equity (ROE) for all non-financial A-shares has slightly rebounded, with a TTM ROE of 7.5% in 2025Q2, showing a minor increase from 7.4% in 2025Q1 [48][56] - The midstream and technology sectors have shown significant ROE recovery, with midstream ROE at 4.8% and technology ROE at 6.4% in 2025Q2, indicating improvements from the previous quarter [58][66] - Industries such as food and beverage, home appliances, and non-ferrous metals have demonstrated notable ROE improvements, with food and beverage ROE reaching 20.9% in 2025Q2 [67][70] Group 3 - Hong Kong stocks have maintained stable performance, with non-financial profit growth slightly improving in 2025H1, and the Hang Seng Technology Index showing a high profit growth rate of 20.8% [4][5][32] - The profit growth for the Hang Seng Index and Hang Seng Non-Financial Index in 2025H1 was 2.5% and 4.0%, respectively, indicating a recovery compared to 2024H2 [4][5][27] - The sectors with higher profitability in Hong Kong include durable consumer goods, building materials, media, and hardware equipment, with significant improvements in net profit growth and ROE in 2025H1 [5][32][37]