Market Overview - The Shanghai Composite Index opened slightly higher, while the Shenzhen Component and ChiNext Index opened slightly lower, indicating mixed market sentiment [1] - By midday, the Shanghai Composite Index was at 3403.52 points, up 0.11%, with a trading volume of approximately 308.5 billion; the Shenzhen Component was at 10226.55 points, down 0.23%, with a trading volume of about 480.2 billion; the ChiNext Index was at 2053.94 points, down 0.36%, with a trading volume of around 235.3 billion [1] Sector Performance - The top-performing sectors included dispersed dyes, liquid-cooled servers, and cultural and recreational sectors at the market open [1] - Active sectors also included recombinant proteins, hair medical, innovative drugs, beauty care, sports concepts, and solid-state batteries, while sectors like financial digitalization, PEEK materials, and AI saw significant declines [1] Institutional Insights - CITIC Securities suggests that small-cap stocks have a short-term advantage and may continue to perform strongly, while large-cap stocks are expected to follow suit as the macro economy recovers [2] - Huaxi Securities notes that the technology sector may experience rotation opportunities, with limited downside potential and promising upside as the sector has not reached high congestion levels [2] - Dongwu Securities anticipates a sustained recovery in the electronics industry in the second half of the year, driven by inventory depletion and seasonal demand [3] Government Initiatives - The National Development and Reform Commission expects a 30% increase in central budget investment for social undertakings compared to the end of the 13th Five-Year Plan [4] - The Ministry of Finance is accelerating the establishment of a childcare subsidy system to enhance elderly and childcare services [5]

IC 3月30日晚间，卓胜微发布2024年报。数据显示，2024年卓胜微营业收入为44.87亿元，同比增长2.48%；归母净利润为4.02亿元，同比下降64.20%；扣非归 母净利润为3.64亿元，同比下降66.80%；基本每股收益为0.75元/股。 根据年报，卓胜微2024年第四季度实现营业收入11.19亿元，同比下降14.18%，环比增长3.40%；归母净亏损为2359.22万元，同比下降107.78%，环比下降 133.20%；扣非净亏损为5082.83万元，同比下降118.10%，环比下降184.17%。 2024年，卓胜微毛利率为39.49%，同比下降6.96个百分点；净利率为8.97%，同比下降16.59个百分点。从单季度指标来看，卓胜微2024年第四季度毛利率为 36.39%，同比下降6.60个百分点，环比下降0.76个百分点；净利率为-2.00%，同比下降25.11个百分点，环比下降8.63个百分点。 费用方面，2024年卓胜微期间费用为12.56亿元，同比增加4.70亿元；期间费用率为27.99%，同比上升10.03个百分点。2024年卓胜微销售费用同比增长 21.52%，管理费用同比增长1 ...