Galaxy Securities of China: Late April will become a key window to verify profit recovery.

Galaxy Securities of China stated that this week's market trends are influenced by external conflicts and the intertwined environment of domestic fundamentals and liquidity recovery. The repeated disturbances of external geopolitical conflicts and the international oil price staying in a high range have become direct triggers for the index to rise and fall during the week. Internally, the recovery of the domestic economic foundation, the trend of inflation rising, and the improving liquidity expectations collectively support the resilience of A-shares. The end of April is a period of intensive disclosures of annual and first-quarter reports, which will be a critical window for verifying profit recovery.