金十图示：2025年05月08日（周四）富时中国A50指数成分股午盘收盘行情一览：保险、白酒、消费电子等板块走高，半导体、 银行等板块涨跌不一 +0.03(+0.58%) +0.06(+0.83%) +0.02(+0.52%) 保险 中国太保 中国平安 中国人保 9500.28亿市值 0 3272.58亿市值 3093.90亿市值 12.56亿成交额 25.34亿成交额 3.12亿成交额 52.17 7.40 32.16 +0.86(+2.75%) +0.99(+1.93%) +0.05(+0.68%) 酸酒行业 贵州茅台 五粮液 山内对酒 19924.55亿市值 2513.49亿市值 5138.47亿市值 35.93亿成交额 4.22亿成交额 19.91亿成交额 1586.10 132.38 206.03 +31.10(+2.00%) +1.76(+0.86%) +2.39(+1.84%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2399.30亿市值 2955.64亿市值 3418.17亿市值 8.42亿成交额 18.95亿成交额 17.12亿成交额 147.06 449.16 708.01 + ...

国泰海通证券认为，1)股市贴现率进入向下走廊，继续看好中国A/H股市。2)货币先行明确支持经济立 场，股市风险溢价下降。3)推动资本市场改革，投资中国股市的机会成本下降，无风险利率降低。4)中 国股市升势远未结束，新兴科技是主线，金融周期是黑马。在外需压力验证的关键时间窗口，决策层再 度明确扭转经济形势与支持资本市场的决心，中国政策的连续性将稳定风险前景。 中原证券认为，周三A股市场高开低走、小幅震荡上行，盘中航天航空、农牧饲渔、交运设备以及贵金 属等行业表现较好；游戏、互联网服务、半导体以及文化传媒等行业表现较弱。政策重心转向扩大内 需，本月重点关注财政政策落地及消费刺激措施。央行释放宽松信号，汇金增持托底市场，融资余额有 望回升，ETF资金持续流入提供流动性支撑。预计短期市场以稳步震荡上行为主，市场或延续政策与业 绩双轮驱动的结构性行情，投资者需平衡防御与成长，聚焦业绩确定性高、政策催化明确的板块，同时 警惕外部风险引发的短期波动。 财信证券认为，周三大盘高开后震荡，多数个股冲高回落，反映出当前位置压力较大，不过周三全天市 场的承接动能相对较好，特别是尾盘阶段大盘再度上涨，反映出资金仍具备一定信心。短期内 ...

| 名称 | 最新点位 | 、涨跌幅 | | --- | --- | --- | | 上证指数 | 3342.67 | +26.56(0.8%) | | 深证指数 | 10104.13 | +21.79(0.22%) | | 创业板指 | 1996.51 | +10.1(0.51%) | | | 日期:5月7日 制图:21投资通 | | | 名标 | 报价 | 涨跌幅 | | --- | --- | --- | | 道琼斯 | 41113.97 | 2 0.7% | | 纳斯达克 | > 17738.16 | 0.27% | | 标普500 | 5631.28 | 0 43% | | 富时100 | 8559.33 | -0.44% | | COMEX黄金 | 3376.50 | 9-1.35% | | WTI原油 | 58.07 | -1.73% | | 美元指数 | 99.87 | -0.01% | | 美元离岸人民币 | 7.23 | 0.01% | | | 注:美元指数、汇率为最新价,数据截至北京时间6:30,其它为收盘价 制图:21投资通 | | 重磅资讯①美联储维持联邦基金利率目标区间不变 据新华 ...

Core Viewpoint - The Chinese government is implementing a comprehensive set of monetary policies to stabilize the economy and promote high-quality development in response to external uncertainties [1][2][12]. Monetary Policy Measures - The People's Bank of China (PBOC) announced 10 measures to enhance macroeconomic control, including a 0.5% reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity [4]. - The PBOC will lower the policy interest rate by 0.1%, bringing the 7-day reverse repurchase rate down from 1.5% to 1.4%, which is anticipated to lead to a similar decrease in the Loan Prime Rate (LPR) [4]. - A 0.25% reduction in the interest rates of structural monetary policy tools will be implemented, affecting various special structural tools and re-lending rates [4]. - The personal housing provident fund loan rate will be reduced by 0.25%, with the five-year and above first home loan rate decreasing from 2.85% to 2.6% [4]. - An increase in the re-lending quota for technological innovation and technical transformation from 500 billion yuan to 800 billion yuan will support the implementation of new policies [5]. Financial Regulatory Policies - The National Financial Regulatory Administration announced eight incremental policies to enhance the effectiveness of existing policies and support economic recovery [6]. - New financing systems will be introduced to stabilize the real estate market and expand the long-term investment pilot scope for insurance funds [7][8]. - Policies will be developed to support small and private enterprises, as well as to assist businesses affected by tariffs [9][10]. Capital Market Support - The China Securities Regulatory Commission (CSRC) is set to introduce a package of financial policies to stabilize the capital market and enhance investor confidence [12]. - Reforms in public funds will focus on aligning the interests of fund companies with investors, including a performance-based fee structure [12][13]. - The CSRC will revise regulations to support mergers and acquisitions, enhancing the capacity for innovation and risk management in listed companies [13]. Market Performance - On May 7, the A-share market saw all three major indices rise, with the Shanghai Composite Index increasing by 0.80% to 3342.67 points [14]. - Approximately 3300 stocks rose, with significant gains in sectors such as aerospace, shipbuilding, and agriculture [15]. - Analysts suggest that the newly announced financial policies are expected to boost market liquidity and support the transition to high-quality economic development [15].

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 防御行业走强 A 股震荡上行 ——市场分析 相关报告 《市场分析：成长行业领涨 沪指突破 3300 点》 2025-05-06 《市场分析：成长行业领涨 A 股小幅整理》 2025-04-30 《市场分析：汽车互联网行业领涨 A 股震荡 整固》 2025-04-29 联系人： 李智 风险提示：海外超预期衰退，影响国内经济复苏进程；国内政 策及经济复苏进度不及预期；宏观经济超预期扰动；政策超预期 变化；国际关系变化带来经济环境变化；海外宏观流动性超预期 收紧；海外波动加剧。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共7页 11784 电话： 0371-65585629 证券研究报告-市场分析 发布日期：2025 年 05 月 07 日 投资要点： ◼ A 股市场综述 周三（05 月 07 日）A 股市场高开低走、小幅震荡上行，早盘股指高 开后震荡回落，盘中沪指在 3328 点附近获得支撑，午后股指维持震 荡，尾盘再度回升，盘中航天航空 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Shennong Group, indicating a significant increase in net profit and a relatively low PE ratio compared to the industry average [1][2] - As of the first quarter of 2025, Shennong Group reported a revenue of 1.472 billion yuan, representing a year-on-year increase of 35.97%, and a net profit of 229 million yuan, showing a remarkable year-on-year growth of 6510.85% [2] - The company's rolling PE ratio stands at 16.97, which is significantly lower than the industry average of 41.95 and the industry median of 40.47, placing Shennong Group at the 34th position in the industry ranking [1][2] Group 2 - Shennong Group's main business activities include feed processing and sales, pig farming and sales, pig slaughtering, and fresh pork food sales, along with food deep processing and sales [1] - The company's primary products consist of feed, live pigs (including commercial pigs, piglets, and breeding pigs), fresh pork (mainly whole pork), and pork by-products (such as pig heads and internal organs), as well as processed pork products [1] - As of the first quarter of 2025, a total of 12 institutions hold shares in Shennong Group, including 10 funds, 1 social security fund, and 1 other entity, with a total holding of 59.481 million shares valued at 1.689 billion yuan [1]

金十图示：2025年05月07日（周三）富时中国A50指数成分股今日收盘行情一览：45股收涨，银行、保险、原油等多板块收高， 比亚迪微跌，消费电子板块走弱 +0.09(+1.26%) +0.10(+2.65%) +0.09(+1.76%) 保险 中国太保 中国平安 中国人保 0 3250.46亿市值 3011.17亿市值 9320.00亿市值 12.44亿成交额 21.57亿成交额 4.93亿成交额 31.30 7.35 51.18 +0.88(+2.89%) +0.38(+0.75%) +0.09(+1.24%) 酸酒行业 贵州茅台 山西汾酒 五粮液 5045.70亿市值 19533.88亿市值 2492.02亿市值 42.75亿成交额 7.74亿成交额 19.91亿成交额 1555.00 129.99 204.27 +0.50(+0.39%) +4.80(+0.31%) -0.07(-0.03%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 3009.99亿市值 2394.71亿市值 3505.10亿市值 22.29亿成交额 46.15亿成交额 19.10亿成交额 448.30 150.80 72 ...

金十图示：2025年05月07日（周三）富时中国A50指数成分股午盘收盘行情一览：大范围飘红，上涨家数45家，下跌家数5家， 银行板块全线走高，中国太保涨2.3%，寒武纪涨2.7%，北方华创跌1.94% @ JIN10.COM 金十数据 | 一个交易工具 中国中车 国电南瑞 d a chic 2037.62亿市值 1808.02亿市值 3.14亿成交额 4.78亿成交额 7.10 22.51 +0.05(+0.71%) +0.19(+0.85%) +0.05(+0.98%) +0.05(+0.70%) +0.09(+2.39%) 保险 中国太保 中国平安 中国人保 叫 3223.93亿市值 2993.85亿市值 9316.36亿市值 7.26亿成交额 14.55亿成交额 3.26亿成交额 7.29 31.12 51.16 +0.70(+2.30%) +0.36(+0.71%) +0.03(+0.41%) 酸酒行业 贵州茅台 山西汾酒 五粮液 19519.43亿市值 2494.83亿市值 5047.64亿市值 25.26亿成交额 5.02亿成交额 14.08亿成交额 1553.85 130.04 204.50 ...

财信证券认为，周二大盘放量上涨，三大指数全线收涨，全市场成交额较前一个交易日也有显著提升。 随着有增量资金入场迹象，资金风险偏好有所增加，市场风格也随之切换，科技线成为主导方向，高股 息红利资产走弱，但周二的风格切换是否有持续性还有待观察，后续仍可留意各题材板块之间的轮动机 会。整体来看，"五一"假期之后，在国内政策加力、AI产业趋势加持下，市场有望走出震荡向上的结构 性行情。5月份随着海外关税战对市场扰动效应逐步消退，市场大概率重新回归AI产业趋势以及扩内需 驱动逻辑。 东莞证券认为，周二，市场在5月首个交易日迎来"开门红"，三大指数集体走强。从技术分析角度看， 沪指处于5日均线上方，技术形态上延续企稳回升的态势，叠加量能放大的积极信号，短期或延续震荡 上行趋势。当日，"五一"假期相关消息被市场集中反应，盘面延续了4月底以来的科技成长及中小盘风 格主导格局。在科技成长板块的带动下，市场整体风险偏好出现回升，叠加流动性环境延续宽松，投资 者情绪有所回暖。"五一"假期期间国内消费动能持续释放，内需修复趋势延续。A股上市公司一季报披 露完毕，盈利端整体呈现改善态势，行业营收增速表现出结构性分化。展望5月，市场短期 ...

@ JIN10.COM 金十数据 | 一个交易工具 JIN10.COM -0.06(-0.83%) -0.15(-2.86%) -0.11 (-2.83%) 保险 中国太保 中国平安 120 中国人保 011 3104.52亿市值 2882.25亿市值 9301.79亿市值 4.85亿成交额 10.62亿成交额 2.56亿成交额 51.08 7.02 29.96 -0.27(-0.89%) +0.08(+0.16%) -0.09(-1.27%) 酸酒行业 贵州茅台 山西汾酒 五粮液 5015.81亿市值 19515.03亿市值 2477.38亿市值 25.68亿成交额 5.64亿成交额 8.08亿成交额 1553.50 129.22 203.07 +9.50(+0.62%) +0.08(+0.04%) -0.33(-0.25%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2401.71亿市值 2970.12亿市值 3493.25亿市值 11.77亿成交额 14.92亿成交额 8.93亿成交额 150.29 711.48 449.61 -4.81(-1.06%) +6.48(+0.92%) +0.19 ...