239家A股上市公司发布一季度业绩预告 17家净利同比预增上限超6倍 智通财经4月20日电，据Choice数据统计显示，截至发稿，共有239家A股上市公司发布2025年一季度业绩预告。其中，有研新材、锐捷网络、四川双马、广 大特材、郴电国际、中船防务、杰创智能、豪鹏科技、翔港科技、东北证券、北方稀土、英联股份、美格智能、中国海防、中集集团、光华科技和金瑞矿业 在内的17只个股归母净利同比预增上限超600%。 | | | | | 2025年一季度业绩预告同比增长超600%个股 | | --- | --- | --- | --- | --- | | 公司名称 | 归母净利润上限(亿元) | 同比增长上限(%) | 甲力行业 | 业绩受动原因/财报点) | | 有研新材 | 0. 75 | 16370.00 | 电子 | 全资子公司有研亿金继续聚焦高附加值产品,本季度靶材产销量同 金利润总额增长超过60% | | | | | | 国内AI需求景气度高,公司有望持续受益。2025年公司将继续聚焦 | | | | | | 安全、云桌面业务方向。在教据中心方面,运营商及国内互联网 | | 锐捷网络 | 1. 25 | 5 ...

Investment Rating - The industry is rated as "outperforming the market," indicating an expected relative increase of over 10% compared to the broader market index in the next six months [44]. Core Insights - In March 2025, the total retail sales of consumer goods reached 40,940 billion yuan, with a year-on-year growth of 5.9%, marking a 1.9 percentage point increase from the growth rate in January-February 2025 [11][12]. - The growth in retail sales is attributed to the recovery in both goods retail and catering income, with goods retail growing by 5.9% and catering income by 5.6% compared to the previous months [12][14]. - The online retail sales for the first three months of 2025 totaled 36,242 billion yuan, reflecting a year-on-year increase of 7.9%, which is a significant recovery from a decline of 4.5% in the same period of 2024 [35][37]. Summary by Sections Overall Performance - The total retail sales in March 2025 showed a year-on-year increase of 5.9%, with a notable recovery from the previous months [11][12]. - The Consumer Price Index (CPI) recorded a year-on-year decrease of 0.1%, improving from a decline of 0.7% in February [11][15]. Segment Analysis - Most consumer goods experienced a rebound in growth, particularly in categories such as home appliances, audio-visual equipment, cultural office supplies, furniture, communication equipment, and sports entertainment products [2][20]. - Essential categories like grain and oil food saw a significant increase of 13.8%, while daily necessities grew by 8.8% [16][17]. - Among optional categories, home appliances surged by 35.1%, furniture by 29.5%, and communication equipment by 28.6%, indicating strong consumer demand [20][23]. Online Retail Performance - The online retail sales for the first quarter of 2025 reached 36,242 billion yuan, with a year-on-year growth of 7.9%, accounting for 29.07% of total retail sales [35][37]. - The physical goods online retail sales amounted to 29,948 billion yuan, growing by 5.7%, with food items seeing a notable increase of 14.0% [35][41]. Investment Recommendations - The report suggests focusing on sectors such as food and beverage, particularly the white liquor industry, which is expected to recover due to economic stimulus policies and pent-up demand from events like weddings [39][42]. - The consumer services sector is highlighted as a key area for growth, with tourism and education benefiting from policy support [39][42]. - In the retail sector, gold and jewelry are recommended due to their appeal as safe-haven assets amid global trade uncertainties [39][42].

周四指数窄幅波动，沪指尾盘收红。周四 A 股全天窄幅波动，波幅仅 27 个指数点，虽然经历了连续 8 个交易日的上涨，市场观望情绪开始加大，追 涨意愿下降，但 A 股的修复行情仍然在延续。从中期角度来看，在中央汇金等三家国资开始增持，叠加多家上市公司宣布回购增持后，市场已经迎来拐 点。尽管"对等关税"的后续影响还存在一定不确定性，但市场交易开始克服恐慌心理，指数在波折中继续修复行情。 后市展望：关税事件的冲击最高峰已经过去，A 股将在波折中继续修复。4 月 7 日的极端下跌是对近期所谓"对等关税"事件的一次性反映，随着市场 情绪逐渐平稳和以中央汇金为代表的国资以及多家上市公司宣布回购增持后，目前 A 股已经进入修复性回升。但修复过程并非一帆风顺，美国对全球范 围加征所谓"对等关税"的后续变化对中国和全球经济产生的影响目前仍存在较大不确定性，市场预期变化也存在反复。后市争议较大的仍然是对海外业务 依赖性较高的行业，如消费电子、CXO 等会受到"对等关税"多大程度的影响。确定性较高的是内需和消费主线，预计会受益于未来的对冲政策。 热点板块：出口占比较高的行业，以及在东南亚大规模建厂的公司适度回避。但科技自主可控中 ...

截至收盘，上证指数报收3280.34点，上涨0.13%；深证成指收于9759.05点，下跌0.16%；创业板指上涨 0.09%；科创50指数上涨0.23%。 不含当日上市新股，今日可交易A股中，上涨个股有3126只，占比57.95%，下跌个股有2039只，平盘个 股229只。其中，收盘股价涨停的有100只，跌停股有12只。 | 代码 | 简称 | 收盘价（元） | 换手率（%） | 涨停板封单（万股） | 封单资金（万元） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 002261 | 拓维信息 | 28.38 | 12.41 | 1496.80 | 42479.18 | 计算机 | | 002836 | 新宏泽 | 8.81 | 3.03 | 3131.60 | 27589.41 | 轻工制造 | | 003020 | 立方制药 | 25.31 | 1.01 | 953.20 | 24125.48 | 医药生物 | | 002165 | 红宝丽 | 10.84 | 21.27 | 2045.72 | 22175.62 | 基础化工 | | 0021 ...

一季度净利润增幅排名 | 代码 | 简称 | 业绩预告日 | 业绩预告类 | 预计净利润增幅中值 | 今年以来涨跌 | 行业 | | --- | --- | --- | --- | --- | --- | --- | | | | 期 | 型 | （%） | （%） | | | 600206 | 有研新 材 | 2025.04.15 | 预增 | 14723.00 | 1.79 | 电子 | | 301165 | 锐捷网 | 2025.04.09 | 预增 | 4726.53 | -4.58 | 通信 | | | 络 | | | | | | | 688582 | 芯动联 | 2025.04.09 | 预盈 | 2815.01 | 28.86 | 电子 | | | 科 | | | | | | | 688186 | 广大特 | 2025.03.31 | 预增 | 1504.79 | 60.33 | 钢铁 | | | 材 | | | | | | | 002734 | 利民股 | 2025.04.08 | 预盈 | 1395.38 | 45.67 | 基础化 | | | 份 | | | | | 工 | | 600969 ...

2025 年 04 月 14 日 投资策略 估值与盈利周观察——4 月第 2 期：估值普跌 ◼ 上证综合指数走势（近三年） (20%) (12%) (4%) 4% 12% 20% 24/4/15 24/6/26 24/9/6 24/11/17 25/1/28 25/4/10 证券分析师：张冬冬 E-MAIL：zhangdd@tpyzq.com 分析师登记编号：S1190522040001 证券分析师：吴步升 E-MAIL：wubs@tpyzq.com 分析师登记编号：S1190524110002 指数 PEG & PB-ROE: 红利 PEG 值最小，科创 50 风格 PB-ROE 值最小。 大类行业估值：原材料、设备制造、工业服务、交通运输、消费、科 技历史估值皆处于 50%以下，金融地产估值高于 50%历史分位。 一级行业估值：各行业估值分化，非银金融、煤炭、石油石化、有色 金属、公用事业、交通运输、农林牧渔估值处于近一年低位。 热门概念：华为鸿蒙、机器人、中字头央企等概念处于估值三年历史 较高分位。 盈利预期：各行业盈利预期普遍小幅下调，钢铁上调幅度最大；房地 产下调幅度最大. 市场估值普跌，消费、稳定 ...

智通财经4月13日电，据Choice数据统计，截至发稿，共有176家A股上市公司发布2025年一季度业绩预告。其中，包括锐捷网络、广大特材、中船防务、杰 创智能、豪鹏科技、翔港科技、北方稀土、英联股份、美格智能、中国海防、光华科技和东方精工在内的12只个股净利同比预增上限超500%。 | | | | 2025年一季度业绩预告同比增超500% | | | --- | --- | --- | --- | --- | | 证券名称 | 归母净利上限(亿元) | 同比上限(%) | 甲万行业 | | | 锐捷网络 | 1.25 | 5310. 90 | 通信 | 报告期内,在AI算力需求持经 的数据中心交换机产品订单】 | | | | | | 用管控层面有所成效,共同打 | | 广大特材 | 0. 75 | 1504. 79 | 钢铁 | 下游行业需求整体向好,产轻 采取降本增效措施,整体毛7 | | | | | | 上风申铸件项目产能利用率打 | | 中船防务 | 2. 00 | 1200. 91 | 国防军工 | 公司聚焦年度目标任务,深 | | | | | | 改善;公司联营企业经营业组 | | 杰创智能 | ...

以下文章来源于申万宏源宏观 ，作者赵伟 屠强等 申万宏源宏观 . 申万宏源证券研究所 | 宏观研究部 作者： 赵 伟 申万宏源证券首席经济学家 屠 强 宏观 资深高级 分析师 联系人： 屠强、浦聚颖、耿佩璇 摘要 误区一：市场或高估关税对出口的冲击弹性与可持续性。 加墨未被加征对等关税，仍是全球主要的贸易转运渠道。 随着美国在全球贸易中实施歧视性贸易壁垒， 加拿大墨西哥成为重要"贸易转运"渠道，侧重消费品和资本品。本轮美国"对等关税"并未对加墨加征， 也默认了加墨转运缓和其国内经济压力的模式，后者可对冲主要贸易国因被美国加征关税而导致的对美 出口下行压力，对冲幅度或达23%。 新兴国家是朋友而非对手，贸易形式也不仅限于出口转移。 关税1.0时,我国对新兴国家出口明显走高， 但并非协同供给等中间品，而是新兴国家内需驱动的商品；2019年我国对发达国家、协同供给出口增速 均由10%以上回落至0%左右，但对新兴国家内需与"出口转移"类商品增速上升至9.4%左右。分商品看， 中国对新兴国家反弹的更多是消费品，但上述商品新兴国家对美国出口并非都同步增加，反映新兴国家 内需也拉动了我国出口。 不宜高估新兴国家对中国大幅加 ...

嘉益股份分析师会议 调研日期：2025年04月10日 调研行业：家用轻工 参与调研的机构：富国基金、工银理财、建信基金、景泰资本、 上海同犇投资等 / 机构调研pro小程序 DJvanbao.com 洞见研报 出品 : 机构调研pro小程序致力于为金融证券投资者提供最新最全的调研会议纪要。 来机构调研pro小程序，了解最新的：行业投资风向、热门公司关注、权威机构分析... 权威完善的信息持续更新! 更多精彩的机构调报告请移步机构调研pro小程序~ 一解投资机构行业关注度。 频判市场 | Gallia | | | --- | --- | | 11 2 12 200 2 110 | | | 1:给我们 = 影片面临官 = | | | 阿里巴巴佩尼 | | | 钢铁机之题。 8 | 图纸制图: 23 | | 20GB Millio Aller 19 | | | 海双集团 | | | 1 1 80.0 0 | 总机构建 23 | | LOGA: REGH, KETA: 1986 | | | 小麦具日 | | | 的研究次数:8 | 上机构馆:23 | | 定年代的:用者点击:我要的中:主要原因 | | | START ...

Core Viewpoint - The article discusses the recent market movements in China, highlighting the impact of U.S. tariffs and the response from Chinese authorities to stimulate the economy and stabilize the capital market. Group 1: Market Reactions - The U.S. announced a 104% tariff on certain imports from China, effective immediately, which initially caused A-shares to open lower, with the ChiNext index dropping by 3% [1] - Despite the negative opening, the market rebounded in the afternoon, with the Shanghai Composite Index closing up by 1.31% and the Shenzhen Component up by 1.22% [6] - A total of 129 stocks hit the daily limit up, indicating strong buying interest, particularly in the military industry [6] Group 2: Government Stimulus Measures - Reports emerged that Chinese leaders plan to hold a meeting to discuss measures to boost economic growth and stabilize the capital market, including potential export tax rebates [1] - The meeting is expected to involve senior officials from various government and regulatory bodies, indicating a coordinated effort to address economic challenges [1] Group 3: U.S. Treasury Market Dynamics - The 30-year U.S. Treasury yield surged over 20 basis points to 4.9553%, attributed to liquidity issues rather than fundamental factors [2] - Analysts noted that recent market volatility has led to a large-scale unwinding of basis trades, which could exacerbate market pressures [2][3] Group 4: Sector Performance - The military sector saw significant gains, with multiple stocks hitting the daily limit up, driven by expectations of increased orders as part of China's military modernization efforts [6] - The consumer sector also rebounded, particularly in the duty-free segment, following the announcement of new tax refund measures for outbound travelers [7] Group 5: Economic and Political Commentary - Ray Dalio highlighted that the current market turmoil is part of a broader structural collapse in global monetary and political orders, emphasizing the unsustainable nature of current debt levels [8][9] - The article suggests that the interplay of these macroeconomic trends is crucial for understanding future market movements [10]