智通财经APP获悉，招商证券发布研究报告称，截至4月30日上午，A股上市公司2024年年报和2025年 一季报业绩基本披露完毕(披露率99.8%)。受政策效果持续显现以及科技创新趋势驱动，整体A股盈利增 速转正。大类行业中信息技术、消费服务增速相对领先，TMT、资源品和中游制造业边际改善。推荐 关注业绩增速相对较高、自由现金流边际改善的领域。 招商证券主要观点如下： 利润端：一季度上市公司业绩边际改善。根据一致可比口径和整体法测算，A股2024Q3/2024Q4/2025Q1 单季度净利润增速依次为3.7%/-15.7%/3.2%，非金融石油石化2024Q3/2024Q4/2025Q1单季度净利润增速 为-10.5%/-50.2%/4.5%。 收入端：全部A股单季度收入增速较24Q4放缓，但仍高于24Q3，延续改善。全部A股 2024Q3/2024Q4/2025Q1单季度收入增速依次为-2.0%/1.4%/-0.3%，非金融石油石化板块 2024Q3/2024Q4/2025Q1单季度收入增速依次为-2.9%/1.2%/0.5%。海外营收增幅扩大，海外营收占收入 的比例持续提升。 25年一季度A股盈利回暖主要受 ...

Core Viewpoint - The article highlights the performance and recommendations of various stocks by securities firms, emphasizing the strong returns of selected stocks and the sectors favored by analysts, particularly in domestic consumption, growth technology, and dividend assets [1][4][13]. Group 1: Stock Recommendations - As of May 1, 16 securities firms recommended a total of 115 stocks, with a focus on sectors such as domestic consumption, growth technology, self-sufficiency, and dividend assets [1][4]. - Notable stocks recommended by multiple firms include Haida Group and Dongpeng Beverage (4 firms), and Kaiying Network, Zhaoyi Innovation, Gree Electric, and Proya (3 firms) [6][7]. - Wanchen Group saw a significant increase of approximately 82% in its stock price in April, making it the best-performing stock among the recommended ones [1][3]. Group 2: Performance and Financials - Wanchen Group reported a net profit of 215 million yuan in Q1 2025, a year-on-year increase of 3344.13%, attributed to enhanced scale advantages in its snack business and improved operational efficiency [3]. - Haida Group is recognized as a leading player in the domestic agricultural and animal husbandry industry, with significant growth potential due to the recovery of livestock production capacity and market share expansion [7]. - Dongpeng Beverage is preparing for a Hong Kong listing, with analysts noting its stable performance in the beverage sector and rapid growth in its electrolyte drink segment [7]. Group 3: Market Outlook - Analysts expect the market to stabilize and trend upwards in May, driven by positive economic indicators and policy support [13][14]. - The focus remains on sectors such as new technology, industry themes, and domestic consumption, with a recommendation for a "barbell" investment strategy that balances growth technology and stable dividend assets [15].

4月29日晚间，通威股份(600438.SH)发布2024年年报显示，去年该公司营业收入为919.94亿元，同比下 降33.87%；归母净亏损70.39亿元，同比下降151.86%。 这是通威股份自2004年上市以来，首次亏损。该公司的归母净利润最高峰是在2022年，大赚257.34亿 元；2023年归母净利润为135.74亿元。 通威股份表示，去年受主产业链价格出现较大幅度下跌影响，叠加公司长期资产减值报废10.65亿元， 导致公司营收和净利润下滑。 通威股份主业包括农业和新能源。年报显示，去年，通威股份光伏业务的营收为597.92亿元，毛利率为 4.67%，同比减少28.20个百分点；农牧业务的营收为317.40亿元，毛利率为9.38%，同比增加1.57个百分 点。 去年，通威股份全年实现高纯晶硅销量46.76万吨，同比增长20.76%；太阳能电池销量87.68GW(含自 用)，同比增长8.70%；组件业务销量45.71GW，同比增长46.93%。截至目前，该公司已形成超90万吨高 纯晶硅产能、超150GW太阳能电池产能以及90GW组件产能。 农牧方面，该公司年饲料生产能力超1000万吨，生产、 销售网络 ...

Core Insights - Recently, Fangcheng County Yushengyuan Agricultural and Animal Husbandry Co., Ltd. was established with a registered capital of 50 million yuan [1] - The legal representative of the company is Xie Lei, and its business scope includes recycling resource processing, recycling resource sales, import and export of goods, and technology import and export [1] - The company is jointly held by Muyuan Foods Co., Ltd. (002714) and its wholly-owned subsidiary Fangcheng Muyuan Agricultural and Animal Husbandry Co., Ltd. [1]