策略快评报告：2024年年报业绩有望回暖

Group 1 - The report indicates that the performance of A-share listed companies is showing signs of improvement, with 1,601 out of 5,405 companies having disclosed their 2024 annual reports, representing 29.6% of the total. These companies collectively achieved operating revenue of 280,664.72 billion yuan, a year-on-year increase of 1.80%, and a net profit attributable to shareholders of 28,098.85 billion yuan, a year-on-year increase of 10.63% [2][2][2] - Industries with high year-on-year growth in net profit attributable to shareholders include non-bank financials, transportation, automotive, and electronics. The overall performance of listed companies is improving, indicating a recovery in profitability [2][2][2] - Among the A-share companies with a market capitalization exceeding 100 billion yuan, 73 have disclosed their 2024 annual reports, achieving a total net profit of 22,664.38 billion yuan, reflecting a year-on-year growth of approximately 16%, which is 5.37 percentage points higher than the overall growth rate of disclosed companies [2][2][2] Group 2 - As of March 28, 741 listed companies announced cash dividends totaling 9,064.62 billion yuan after disclosing their 2024 annual reports, with 19 companies declaring dividends exceeding 10 billion yuan [2][2] - The report suggests focusing on blue-chip stocks with stable performance, strong profitability, and high dividend yields. Additionally, companies in the machinery, consumer goods sectors, and those benefiting from the "two new and two heavy" policies are expected to perform well [2][2][2] - The report highlights the potential for recovery in non-bank companies' investment income and business demand, driven by supportive policies for capital market development, and suggests monitoring opportunities for industry mergers and acquisitions [2][2][2]