Group 1 - Structural opportunities will be a key topic throughout the mid-year reporting season, while index-based opportunities may need to wait until the end of Q3 or Q4 [1][18] - The A-share market is expected to show a trend of oscillating upwards, with three main lines of investment opportunities: high safety margin assets, technology as a long-term mainstay, and consumer sectors boosted by policy [18] - The third quarter will see a restart of IPOs for technology companies, with a focus on AI and military sectors for structural opportunities [18] Group 2 - The U.S. stock market saw all three major indices rise, with the Dow Jones up 1% and the S&P 500 and Nasdaq both reaching historical highs [3] - Consumer confidence has significantly improved, with the University of Michigan's consumer confidence index rising to 60.7, the highest level in four months [4] - The People's Bank of China is implementing a moderately loose monetary policy to stabilize economic growth and maintain reasonable price levels, while also addressing challenges such as insufficient domestic demand [7]

5月6日，ST华微发布2024年年报，公司实现营业总收入20.58亿元，同比增长18.13%；归属净利润1.28 亿元，同比增长246.45%；扣非净利润1.01亿元，同比增长190.20%。尽管公司在财务表现上取得了显著 进步，但大股东占款问题依然悬而未决，成为公司未来发展的一大隐患。 2024年，ST华微在研发方面投入了大量资源，持续推进自主与联合创新模式。公司采用LEDIT、 SILVACO、ICEPACK等仿真设计工具，优化器件结构和电路设计水平，提高器件的功率密度和转换效 率。此外，公司还通过产品生命周期管理（PLM）系统，加快各级工艺技术平台的技术创新和迭代。 在产品线方面，公司完成了SiCSBD和SiCMOSFET的全系列产品开发，并大力拓展PM功率模块、GaN 产品的型号和产能。这些新产品在清洁能源、汽车电子、智能家居、5G、智能制造、工业控制等新兴 领域取得了显著的市场份额，为公司未来的增长奠定了坚实基础。 内控建设加强，但风险依然存在 2024年，ST华微继续加强内控建设，严格按照证监会和上交所等监管机构的要求，完善公司治理结 构。公司通过内部控制制度的执行有效性进行自我评估，逐步完善内部 ...