截至收盘，上证指数涨1.22%报3912.21点，深证成指涨1.73%，创业板指涨2.36%，北证50涨1.62%，科 创50涨1.4%，全天超4300股飘红，但量能环比萎缩超5000亿元。板块方面，机器人、电气设备及消费 电子方向回升势头较强，先行调整的AI硬件方向亦出现企稳迹象。航空、充电桩、CRO概念领涨，光 刻机、稀土、种业股逆势下跌。 ETF方面，汽车零部件板块午后拉升，汽车零部件ETF、汽车零件ETF分别涨4.2%、3.52%。港股医疗板 块走高，港股医疗ETF、港股通医疗ETF分别涨3.86%、3.63%。锂电池板块走强，电池50ETF涨 3.65%。 上证180ETF指数跌3%，科创50ETF景顺跌1.47%。稀有金属ETF、稀有金属ETF基金均跌1%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

Group 1 - The core viewpoint of the article suggests that while the profitability growth of listed companies is slow from 2022 to 2024, there will be a recovery in growth rates in 2025, leading to a dual boost of "valuation increase" and "profit growth acceleration" in certain sectors like technology, military, and healthcare in Hong Kong [2] - The funding cycle is influenced by the amount of money in the market, primarily affected by interest rate fluctuations. The first interest rate cut by the Federal Reserve in September 2024 led to significant increases in A-shares and Hong Kong stocks, with the index rising from 5.9 to 4.8 [2] - The sentiment cycle indicates that market sentiment tends to be overly optimistic during price increases and overly pessimistic during declines. This can lead to misjudgments about market trends, as opportunities often arise during downturns while risks emerge during uptrends [3] Group 2 - The article emphasizes that all three cycles—profitability, funding, and sentiment—are interconnected and can lead to market bull and bear phases when one or two cycles are at their peaks or troughs [4] - It highlights that savvy investors can effectively leverage these cycles to make informed investment decisions [5]