智通财经APP获悉，当地时间5月2日至5月3日，伯克希尔哈撒韦公司(BRK.A.US,BRK.B.US)的股东大会 将会如期举行，大约4万名伯克希尔哈撒韦股东将齐聚美国奥马哈。该公司股东大会将由其首席执行官 沃伦•巴菲特主持，投资者将有机会向这位"奥马哈先知"提问有关市场的最新观点。 巴菲特今年已经95岁，每一次的巴菲特股东大会都会显得非常珍贵。本次会议恰逢伯克希尔哈撒韦公司 成立60周年，除了美股估值高企、地缘政治风险升级、全球资本流动重组等复杂背景外，巴菲特的投资 理念和战略方向将成为全球资本市场的风向标。 股票投资 当前资本市场正经历三个结构性变化： 1.科技竞争格局重构：中国大模型DeepSeek打破了美国在AI领域的垄断，2025年第一季度A股科技股上 涨27%，而同期纳斯达克指数下跌18%。这种"东升西降"的趋势引发了资本的重新配置，富时中国A50 指数期货持有量增加了42%，表明外资加速流入中国市场。 根据最新数据，巴菲特旗下的伯克希尔哈撒韦公司的现金储备约为3340亿美元，巴菲特的现金储备再度 创出历史新高。与此同时，在3340亿美元的现金储备背后，巴菲特更偏爱短期美债，在接下来如何盘活 这笔 ...

广发早知道-汇总版 投资咨询业务资格： 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 金融衍生品： 金融期货： 股指期货、国债期货 贵金属： 黄金、白银 集运指数 商品期货： 有色金属： 铜、锌、镍、不锈钢、锡、碳酸锂 黑色金属： 钢材、铁矿石、焦煤、焦炭、铁合金 农产品： 油脂、粕类、玉米、生猪、白糖、棉花、鸡蛋、花生、红枣、苹果 能源化工： 原油、PTA、乙二醇、苯乙烯、短纤、尿素、瓶片、烧碱、PVC、LLDPE、 PP 特殊商品： 橡胶、玻璃纯碱、工业硅、多晶硅 2025 年 4 月 30 日星期三 证监许可【2011】1292 号 组长联系信息： 张晓珍（投资咨询资格：Z0003135） 电话：020- 88818009 邮箱：zhangxiaozhen@gf.com.cn 刘珂（投资咨询资格：Z0016336） 电话：020-88818026 邮箱：qhliuke@gf.com.cn 叶倩宁（投资咨询资格：Z0016628） 电话：020- 88818017 邮箱：yeqianning@gf.com.cn 周敏波（投资咨询资格：Z00 ...

Core Viewpoint - The total dividends from ETFs have exceeded 10 billion yuan this year, with a year-on-year growth of over 180% as of April 25, highlighting the defensive nature of high dividend strategies in a low-interest-rate environment [1] Group 1: ETF Performance and Strategy - The current economic data fluctuations have led to a weakening of long-term government bond yields, making high dividend assets more attractive for long-term capital allocation [1] - E Fund's dividend series ETFs have established a comprehensive coverage of A-shares and Hong Kong stocks, providing stable dividend income and volatility resistance [1] - The four E Fund ETFs focus on high dividend yield as a core selection criterion, with a total management and custody fee of 0.20% per year, which is among the lowest in the market [1][3] Group 2: Dividend Distribution Mechanism - The three ETFs (Dividend Value ETF, Low Volatility Dividend ETF, and Hang Seng Low Volatility Dividend ETF) evaluate excess returns quarterly, with different months designated for dividend evaluation, ensuring monthly dividend distribution throughout the year [2][3] - The Hang Seng Low Volatility Dividend ETF evaluates excess returns on the last trading day of January, April, July, and October, while the Low Volatility Dividend ETF does so in February, May, August, and November, and the Dividend Value ETF in March, June, September, and December [2] Group 3: Index Composition and Performance - The Dividend Value ETF focuses on both "dividend and value" factors, selecting 50 securities with good liquidity, continuous dividends, and moderate dividend payout ratios, reflecting high dividend levels and value characteristics [3][5] - The Dividend Low Volatility Index excludes companies with excessively high or negative dividend payout ratios, ensuring that constituent stocks possess both dividend capability and profit quality [5] - The Dividend Low Volatility ETF targets "high dividend and low volatility" factors, tracking an index primarily composed of blue-chip stocks from financial, energy, and real estate sectors, with an average dividend yield exceeding 6% [9]

Group 1 - The core viewpoint of the articles highlights the efforts of the Guiping Market Supervision Administration to enhance the business environment and support high-quality development for enterprises through guidance on the use of special equipment [1][2] - Guiping Qiaoyu Energy Technology Co., Ltd. is undertaking projects with a total investment of approximately 2.1 billion and 580 million, aiming for an annual output value of 4.4 billion and 950 million respectively, creating 1,000 and 210 new jobs [1] - The special equipment involved includes a power station boiler with an evaporation capacity of 160 tons per hour, bridge cranes, and pressure vessels [1] Group 2 - The Guiping Market Supervision Administration provided explanations on the installation notification, initial inspection application, usage registration, and certification for special equipment operators, facilitating the understanding of procedures for the enterprise [2] - The administration emphasized the importance of adhering to the first mandatory national standard for major accident hazard determination in the special equipment sector, urging the enterprise to establish safety management systems and emergency plans [2] - The company representative expressed appreciation for the guidance, stating it effectively addressed challenges related to the use of special equipment and reflected the government's commitment to supporting enterprise development [2]

齐鲁晚报·齐鲁壹点记者 张玉岩 经营效益平稳向好。一季度，省属企业营业收入增速较1-2月同比增幅扩大0.6个百分点，3月份营业收入、利润总额环比增长40.7%、 58.8%。其中，山东黄金、山东重工等8户企业利润总额增速在5%以上。 转自：大众报业·齐鲁壹点 4月30日，省政府新闻办举行新闻发布会，邀请省国资委负责同志等介绍2025年一季度山东省属企业经济运行情况。 山东省国资委副主任秦春玲介绍，一季度，山东省属企业整体经济运行呈现"总体平稳、稳中有进"良好态势。截至3月末，省属企业资产 总额54097.4亿元，同比增长6.5%。累计实现营业收入6116.9亿元，同比增长6.9%；实现利润总额227.6亿元，净利润172.2亿元，为全省 经济社会高质量发展提供有力支撑。 工业运行稳健有力。省属企业实现工业总产值、工业销售产值2663.7亿元、2714.5亿元，同比分别增长18.1%、16.1%。山东重工、山东 黄金、华鲁集团、山东能源、山钢集团5户省属工业企业合计实现利润总额127.6亿元，对省属企业的利润贡献超过50%。山东能源稳住 产量"基本盘"，在去年商品煤产量大幅增长的基础上，今年一季度继续实现同比增 ...

Group 1 - The core viewpoint of the article is the launch of the "Zhengzhou Major Infrastructure Construction Special Action Plan" aimed at accelerating the construction of 75 major infrastructure projects across various sectors including transportation, water conservancy, energy, municipal, and new infrastructure [1][2][3] Group 2 - The plan emphasizes the completion of ongoing projects and the initiation of new ones, creating a continuous and efficient construction momentum [1] - In the transportation sector, the focus is on expediting the construction of rail transit lines 6, 7, and 8, with all projects expected to be completed within the year [1] - The plan includes significant road and waterway projects, such as the completion of the Anlu Expressway and the construction of the G310 highway segment, with various projects set to commence within the year [1][2] Group 3 - In the water conservancy sector, the plan aims to accelerate the implementation of the Qili River flood diversion project and ensure the commencement of the Miaowan Reservoir project by the end of June [2] - The energy sector will see increased investment, particularly in the construction of the Houzihua Pumped Storage Power Station and related projects [2] - Municipal infrastructure projects will be prioritized, including the rapid construction of key roadways and drainage systems to address urban flooding [2] Group 4 - The plan also highlights the importance of new infrastructure, particularly the construction of 5G base stations to enhance network capacity [3]

Group 1 - The core viewpoint highlights the increasing preference for defensive assets, particularly the Hong Kong dividend low volatility ETF (520550), which has seen continuous net inflows for nine weeks and a nearly 6% increase in fund size year-to-date, reaching a historical peak [3] - The structural differences in high dividend assets between A-shares and Hong Kong stocks are noted, with A-shares concentrated in traditional industries like coal, banking, and textiles, while Hong Kong's high dividend sectors are more diversified, including real estate, public transport, and construction [3] - The defensive nature of dividend assets is emphasized, showing significant excess returns during market downturns, although absolute returns remain positively correlated with overall market trends [3] Group 2 - The Hong Kong dividend low volatility ETF (520550) is designed to optimize investment experience through a low management fee of 0.2%, monthly dividend distribution, and T+0 trading to enhance liquidity [4] - The ETF focuses on mature industry leaders in finance and energy, with strict weight limits on individual stocks to avoid "dividend traps," creating a balanced investment portfolio [4] - Analysts suggest that in the current complex market environment, Hong Kong dividend assets with valuation advantages and dividend certainty may become a key strategic allocation choice, especially as the interconnectivity between mainland and Hong Kong markets deepens [4]

// 热点聚焦 // 5、 一季度5399家公司披露季报：营收16.83万亿元（同比降0.38%），归母净利润1.49万亿元，同比增长3.47%。4078家盈利（占比76%），2956家净利 润正增长（占比55%），其中764家增幅超100%、474家增50%-100%、1718家低增速（<50%）。负增长企业降至2443家（45.6%），盈利结构持续优 化。 // 国内宏观 // 1、 商务部就波音公司飞回拟交付飞机答记者问指出，美方挥舞关税大棒严重冲击全球产业链供应链稳定，扰乱国际航空运输市场，很多企业无法 开展正常贸易投资活动，中国的相关航空公司、美国波音公司都深受其害。中方愿继续支持两国企业开展正常的商业合作，希美方能倾听企业的呼 声，为企业正常贸易投资活动创造稳定可预期的环境。 1、 国家主席习近平在上海考察时强调，上海承担着建设国际科技创新中心的历史使命，要抢抓机遇，以服务国家战略为牵引，不断增强科技创新策源功 能和高端产业引领功能，加快建成具有全球影响力的科技创新高地。 2、 外交部回应"美财长称关税战升级的责任在中方"：中方多次阐明关税战、贸易战没有赢家；这场关税战是美方发起的，如果美方想通过 ...

推动消费市场活力迸发。渭南加力扩围实施消费品以旧换新，截至目前，消费品以旧换新核销金额 1.6亿元，带动交易金额10.7亿元。下一步，渭南将围绕重点领域持续发放消费券，大力提振消费；畅通 商贸流通体系，加快一刻钟便民生活圈、城市社区商业服务体系建设；丰富文旅产品供给，大力发展赛 事经济，推动文体旅融合发展。 4月29日，陕西省委宣传部、陕西省人民政府新闻办公室举办"持续深化'三个年'活动、聚力打好重 点领域攻坚硬仗"系列新闻发布会。记者从会上获悉：今年一季度，渭南地区生产总值增长5.1%，规上 工业增加值增长9%，固定资产投资增长13.9%，社会消费品零售总额增长5.7%。 渭南市委副书记、市长陈晓勇介绍，渭南持续深化"三个年"活动、聚力打好"八场硬仗"，坚持专班 推进，强化任务分解，加快攻坚突破，奋力推动既定目标任务高质量完成。 推动教育科技人才一体发展。渭南全力支持高校围绕产业布局开展基础学科领域研究、建设科技创 新平台，促进政府、高校、企业协同创新，打造市域产教联合体、行业产教融合共同体；以秦创原（渭 南）创新驱动平台建设为统揽，加快构建"一核+两翼+N产业链"格局，力争科技型中小企业达1200家、 高 ...

| 港股通(沪)活跃成交股 | | --- | 智通财经APP获悉，4月29日港股市场，北水成交净卖出64.24亿港元，其中港股通(沪)成交净卖出32.51 亿港元，港股通(深)成交净卖出31.73亿港元。 北水净买入最多的个股是美团-W(03690)、信达生物(01801)、中芯国际(00981)。北水净卖出最多的个股 是盈富基金(02800)、恒生中国企业(02828)、腾讯(00700)。 | 股票名称 | 买入额 | 卖出额 | 或委员额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 13.73 乙 | 13.38亿 | 27.11亿 | | HK 09988 | | | +3430.26万 | | 盈昌喜会 | 2014.96万 | 26.39 乙 | 26.60亿 | | HK 02800 | | | -26.19 Z- | | 美团-W | 16.12 7 | 9.241Z | 25.36亿 | | HK 03690 | | | +6.88 亿 | | 腾讯控股 | 9.79 亿 | 14.67 乙 | 24.46亿 | | HK 00 ...