点击图片▲立即试听 " 商业从来不仅是 ' 生意 ' ，我们在财报数据里读到的，其实是人的意志，是一群人面对不确定世界所做的选择与坚持。 " 文 / 巴九灵（微信公众号：吴晓波频道） 一份大考卷，交出了经济的新线索。 5月初，A股和港股上市公司2024年的年报披露已经收官，它们 既是对过去一年的集中回顾，也是一份面向未来的线索汇总。 我们梳理了这份覆盖面极广又复杂的"成绩单"，其中提炼出几个值得留意的信号： ◎ 市值前500的企业平均市值为1483亿元，较2023年增长了241亿元，马太效应加剧； ◎ 半导体以19.3%的营收增速领跑二级行业； ◎ 超七成上市公司实现盈利，净利润规模前十名多为金融巨头； ◎ 各行业人均薪酬约20.27万元，较2023年小幅上涨； ◎ 在一众出海的上市企业里，表现最亮眼的"选手"来自日常消费零售赛道，境外业务营收同比增长163.8%。 或许，这些数据在2025年的当下看，显得略有些"过时"，但企业的增长从来不是孤立事件，它既回应了过去，也指向了未来。 今天的文章，我们将从 市值、营收、净利润、员工数量、人均薪酬、研发投入、海外收入 七个维度出发，对A股和港股共计6000+家上市 ...

Group 1 - During the May Day holiday, Chinese assets strengthened, with the Hang Seng Index rising by 1.74% and the Hang Seng Tech Index increasing by over 3% [1] - The Nasdaq Golden Dragon Index saw a cumulative increase of nearly 3% during the holiday period, reflecting a positive trend in Chinese stocks [1] - Major Chinese concept stocks experienced significant gains, with Kingsoft Cloud rising over 22% and Pinduoduo increasing by over 6% [1] Group 2 - Analysts suggest that the A-share market is likely to see a rebound after the holiday, driven by improved risk appetite and positive economic indicators [2][3] - The offshore RMB strengthened significantly, with a notable increase of nearly 1% on May 2, providing a favorable environment for potential interest rate cuts [2] - The market is expected to focus on themes related to consumption and technology, with recommendations for sectors such as AI, consumer services, and renewable energy [3][4] Group 3 - The economic recovery is supported by strong performance in consumer services and high-tech manufacturing sectors, indicating a positive outlook for these industries [4][5] - Key trends include the enhancement of China's technological capabilities, the rebuilding of European defense, and the acceleration of domestic demand through improved social security [5] - Investment strategies should focus on sectors with policy support and seasonal catalysts, including computing, automation, and consumer goods [3][4]