在市场不利因素方面，多数市场人士仍预期美国经济将陷入衰退，投资者对无风险资产的传统认知正在受到挑战，而美联 储短期内似乎不会改变现有政策立场。然而，积极因素也同样明显：尽管美国经济明显失去动能，但就业市场保持稳定； 关税相关的不确定性虽未完全消除，但整体趋势正朝缓和方向发展；市场技术面已转为有利状态，美国科技公司持续展现 强劲表现。 Pasquariello具体分析了几个关键支撑因素：首先，在资金流向方面，市场技术面改善吸引了此前减仓的"加杠杆投资者"回 归，量化基金和系统性资金重新进场。美国家庭投资者虽热情减退，但未转为净卖家。其次，就科技股表现而言，尽管"爆 炸性超预期"的时代可能已过，但苹果、微软、英伟达等科技巨头仍是全球资本回报较为强劲的企业。再次，美国经济增长 方面，财政赤字同比增长7%的事实表明，政府仍在通过适度扩张性财政政策支撑经济，这解释了为何就业和消费等"硬数 据"尚未出现明显下滑。第四，关税问题虽未出现新的实质性进展，但Pasquariello认为最极端的关税政策已过去，经济摩擦 虽不会立即消失，但市场预期正在调整，可能出现"贸易框架协议"与经济动能减弱并存的局面。 Pasquariell ...

Market Overview - Major industry ETFs in the US stock market experienced declines, with the energy sector ETF dropping by 2%, and both the financial and consumer discretionary ETFs falling by over 1% [1] Energy Sector - The energy sector ETF is priced at 80.34, reflecting a decrease of 1.64, or 2.00% [2] - The total market capitalization for the energy sector ETF is 201.19 billion, with a year-to-date change of -5.48% [2] Financial Sector - The financial sector ETF is currently at 49.19, down by 0.57, or 1.16% [2] - This ETF has a total market capitalization of 547.45 billion, showing a year-to-date increase of 2.14% [2] Consumer Discretionary Sector - The consumer discretionary ETF is priced at 199.31, down by 2.13, or 1.05% [2] - The total market capitalization for this ETF is 250.33 billion, with a year-to-date decline of 10.92% [2] Utility Sector - The utility sector ETF is at 79.01, down by 0.74, or 0.93% [2] - It has a total market capitalization of 114.70 billion, with a year-to-date increase of 5.13% [2] Technology Sector - The technology sector ETF is priced at 215.56, reflecting a decrease of 1.05, or 0.48% [2] - The total market capitalization for the technology sector ETF is 685.60 billion, with a year-to-date decline of 7.13% [2] Biotechnology Sector - The biotechnology index ETF is at 126.09, down by 0.51, or 0.40% [2] - Its total market capitalization is 100.12 billion, with a year-to-date decrease of 4.54% [2] Semiconductor Sector - The semiconductor ETF is priced at 218.32, down by 0.71, or 0.32% [2] - The total market capitalization for this ETF is 25.81 billion, with a year-to-date decline of 9.85% [2] Regional Banks - The regional bank ETF is at 56.07, down by 0.17, or 0.30% [2] - It has a total market capitalization of 46.79 billion, with a year-to-date decrease of 6.47% [2] Global Technology Sector - The global technology ETF is priced at 79.42, down by 0.15, or 0.19% [2] - Its total market capitalization is 11.12 billion, with a year-to-date decline of 6.29% [2] Global Airline Sector - The global airline ETF is at 21.07, up by 0.19, or 0.91% [2] - The total market capitalization for this ETF is 663.70 million, with a year-to-date decline of 16.88% [2]

一、中美贸易战再次升级！当地时间5月2日，美国正式终止了对中国小额包裹免税政策。 这种做法根本站不住脚，不仅解决不了问题，还会把中美经贸合作和国际贸易秩序搞得一团糟。中方注意到，美方高层最近多次表态，说想就关税问题和中 方谈判。同时，美方也通过各种渠道主动向中方传递消息，希望能坐下来好好谈一谈。 在我们外交部发布《不跪》视频表明立场后，特朗普又出来讲话了。5月1日，据俄罗斯卫星通讯社报道，特朗普说，美中两国代表正在就贸易问题进行磋 商。他还表示，希望有一天能达成协议，目前正在和中国积极沟通。不仅如此，特朗普还说他希望中国取得成功，对中国持友好态度。 二、美股在紧张的局势得到缓和后，加上公布的4月非农就业人数增加17.7万。 美股表现相当不错，三大指数涨幅都超过了1%。其中，标普500指数连续第九天上涨，创下了自2004年以来的最长连涨纪录。 美股大型科技股除了苹果下跌3.74%外，其他多数都上涨了。苹果下跌的原因是华区营收没达到预期，而且关税还会增加成本。与此同时，热门中概股多数 上涨，纳斯达克中国金龙指数也涨了3.5%。 三、市场跌的快，修复的也快，仅靠自身的力量或也能修复。 护盘如果是全市场扫货，银行股， ...

Group 1 - The current market is in a contradictory state with negative factors such as expectations of a U.S. economic recession and skepticism towards the status of risk-free assets, while positive aspects include a stable job market and strong performance from U.S. tech companies [1] - The S&P 500 index has achieved a nine-day consecutive rise, down only 3% year-to-date, with a price-to-earnings ratio at the 85th percentile of the past 25 years, indicating resilience in the market [1] - There is a notable shift in investor behavior, with leveraged investors starting to buy again, while large banks and tech giants are entering a peak period for stock buybacks, expected to exceed $1 trillion this year [3] Group 2 - The U.S. economy is experiencing a 7% year-on-year increase in fiscal deficit, suggesting continued government spending which supports employment and consumption data [4] - The uncertainty surrounding tariffs remains, with expectations of trade framework agreements being announced while economic momentum gradually weakens [4] - The upcoming FOMC meeting is anticipated to have minimal impact, with expectations that the Federal Reserve will maintain a passive stance [4] Group 3 - The market is characterized by macroeconomic uncertainty but strong technical indicators and corporate earnings, with a prevailing pessimism among investors, particularly non-U.S. investors [5] - The current market behavior resembles patterns seen in 1998 and late 2007, where increased fear among investors correlates with market resilience [5] - The long-term upward trend of the S&P 500 post-pandemic remains intact despite recent challenges [5]

Revenue and Profit - The company achieved total revenue of 335 million yuan in Q1 2025, representing a year-on-year growth of 9.0% [1] - The net profit attributable to shareholders was 58.14 million yuan, up 8.1% year-on-year, while the net profit excluding non-recurring items was 51.68 million yuan, showing a minimal growth of 0.06% [1] Gross Margin and Net Margin - The company's gross margin stood at 33.19%, a decrease of 3.67 percentage points compared to the same period last year [2] - The net margin was 17.25%, down 1.14 percentage points year-on-year, indicating a decline in profitability but still within a reasonable range [2] Expense Control - The company demonstrated good expense control, with total selling, administrative, and financial expenses amounting to 28.59 million yuan, which accounted for 8.54% of revenue, a decrease of 0.23 percentage points year-on-year [3] Accounts Receivable and Cash Flow - Accounts receivable significantly increased to 526 million yuan, reflecting a year-on-year growth of 37.96% [4] - The operating cash flow per share was -0.14 yuan, a decline of 171.09% year-on-year, indicating potential cash flow pressure and the need to monitor accounts receivable recovery [4] Asset and Liability Situation - The company's interest-bearing debt was 1.23 billion yuan, a decrease of 15.26% compared to the same period last year [5] - The interest-bearing asset-liability ratio was 24.81%, suggesting a need for ongoing attention to the company's debt situation [5] Shareholder Equity and Dividends - The net asset per share was 8.36 yuan, an increase of 7.24% year-on-year [6] - Since its listing, the company has raised a total of 1.727 billion yuan and distributed a total of 191 million yuan in dividends, resulting in a dividend-to-financing ratio of 0.11 [6] Business Model and Capital Expenditure - The company's performance is primarily driven by capital expenditures, necessitating close attention to the rationality of capital expenditure projects and any potential funding pressures [7]

也许有人要问，为什么要专门制定这样一部法律？其意义何在？ 4月30日，十四届全国人大常委会第十五次会议表决通过了《中华人民共和国民营经济促进法》。法律共9章，自2025年5月20日起施行。作为我国 第一部专门关于民营经济发展的基础性法律，民营经济促进法出台可以用千呼万唤来形容，一直备受社会各界高度关注。 当今世界，百年变局加速演进，全球经济结构加速调整，创新愈加成为各国重塑竞争优势、提升国际竞争力的"尖端武器"。作为推进中国式现代 化的一支生力军，民营经济如何在推动科技创新和产业转型升级、培育新质生产力方面释放出巨大潜能，尤为值得期许。 人形机器人跳着秧歌亮相春晚、国产AI大模型横空出世、国产3A游戏征服世界玩家……一段时间以来，几家民营科技企业吸引了世界目光，也让 浙江杭州意外成为"网红"城市。有人将这批科技新锐冠以"杭州六小龙"之名，并探讨为何杭州能催生这么多勇于"不走寻常路"的高科技企业？ 民营经济大放异彩，绝非偶然现象，离不开其所扎根的深厚土壤。众所周知，浙江是我国民营经济最为活跃的地区之一，"敢为天下先"的精神已 深深刻在了企业基因里，加上当地政府一贯注重打造"无事不扰，有求必应"的营商环境，所以浙 ...

dbg盾博发现当众多华尔街策略师纷纷唱衰美国经济，宣称美国例外主义时代终结时，摩根士丹利分析师迈克 尔・威尔逊却抛出了与众不同的观点，他坚信疲软的美元将成为美国公司盈利的助推器，助力美国股市在全 球市场中脱颖而出，超越世界其他地区。这一论断在当下充满不确定性的金融市场环境中，犹如一颗重磅炸 弹，迅速吸引了市场参与者的广泛关注。 威尔逊的观点之所以引人注目，是因为它与当前主流的市场预期形成了鲜明对比。在全球经济增长放缓、地 缘政治冲突不断、贸易保护主义抬头的大背景下，许多分析师都对美国股市的前景持悲观态度，认为美国经 济难以独善其身，美国股市也将随之陷入困境。然而，威尔逊却从独特的视角出发，深入分析了美元走势与 美国股市之间的内在联系，以及美国公司在全球市场中的竞争优势，从而得出了截然不同的结论。 威尔逊指出，疲软的美元对美国公司盈利有着多方面的积极影响。从国际贸易角度来看，美元贬值使得美国 出口产品在国际市场上的价格更具竞争力。对于那些以出口为主的美国企业来说，同样的产品在海外市场能 够以更低的价格出售，这不仅有助于扩大市场份额，还能显著提升销售额和利润。以美国的制造业和农业为 例，在美元疲软的情况下，美国的 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：301486 证券简称：致尚科技 公告编号：2025-039 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大 遗漏。 深圳市致尚科技股份有限公司（以下简称"公司"）于2025年4月17日召开第三届董事会第四次会议、第 三届监事会第三次会议，审议通过了《关于公司＜2025年限制性股票激励计划（草案）＞及其摘要的议 案》《关于公司＜2025年限制性股票激励计划实施考核管理办法＞的议案》等相关议案。 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）《深圳证券交易所创业板上市公司自 律监管指南第1号——业务办理》（以下简称"《自律监管指南第1号》"）等相关规定，公司对2025年限 制性股票激励计划（以下简称"本次激励计划"）首次授予的拟激励对象姓名和职务在公司内部进行了公 示。公司监事会结合公示情况对拟激励对象进行了核查，相关公示及审核情况如下： 一、 公示及核查方式 （一） 公司对拟激励对象的公示情况 公司于2025年4月18日在巨潮资讯网（http://www.cninfo.com.cn）上披露了《 ...

Financial Performance - The company reported a basic earnings per share of -0.0189 yuan for Q1 2025, an improvement of 61.9% compared to -0.0496 yuan in Q1 2024 [1] - The total revenue for Q1 2025 was 3.63 billion yuan, representing a 22.64% increase from 2.96 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.08 billion yuan, showing a significant improvement of 63.64% from -0.22 billion yuan in Q1 2024 [1] - The return on equity (ROE) for Q1 2025 was -0.45%, an improvement from -1.16% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 16,655.29 million shares, accounting for 38.13% of the circulating shares, with a decrease of 146,400 shares compared to the previous period [1] - Zheng Suzhen remains the largest shareholder with 12,996 million shares, representing 29.75% of the total share capital [2] - Wu Lixin increased his holdings by 15.49 million shares, now holding 1,330 million shares, which is 3.04% of the total [2] - Beijing Artis Investment Co., Ltd. entered the top ten shareholders with 156 million shares, accounting for 0.36% [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares in this period [3]

资金流向方面，今日该股主力资金净流入4.95亿元，其中，特大单净流入4.84亿元，大单资金净流入 1133.38万元。近5日主力资金净流入3558.85万元。 4月26日公司发布的一季报数据显示，一季度公司共实现营业收入1.03亿元，同比增长4.43%，实现净利 润5105.52万元，同比增长1103.78%。（数据宝） 大位科技4月28日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 沪股通专用 | 5343.81 | | | 买二 | 国泰海通证券股份有限公司上海新闸路证券营业部 | 5214.23 | | | 买三 | 华林证券股份有限公司北京分公司 | 4354.42 | | | 买四 | 中信证券股份有限公司上海徐汇区漕溪北路证券营业部 | 3149.38 | | | 买五 | 国投证券股份有限公司西安朱雀大街证券营业部 | 2845.12 | | | 卖一 | 机构专用 | | 3585.75 | | 卖二 | 机构专用 | | 1551.34 | | 卖三 部 ...