Looking ahead to the A-share market in April, Zhang Chi, chief strategy analyst of Guojin Securities, pointed out in the latest report released on April 5 that, combined with the recent status of A-shares, the market style will tend to the "earnings bottom" logic in the next quarter, and investors are advised to adopt the allocation strategy of "switching from small and medium-sized growth style to large-cap value defense". Zhang Chi analyzed that the A-share market showed an "inverted V-shaped" trend in March, and at the same time, the volatility center of A-shares has shown signs of a trend of rising. Therefore, it is recommended that investors shift their allocation focus to large-cap value and defensive sectors. "At least in the next quarter, the market style will tend to the 'earnings bottom' logic, rather than simply chasing high-growth growth." Zhang Chi further pointed out that "small and medium-sized growth stocks may face periodic adjustments under the dual disturbances of the numerator (earnings) and the denominator (valuation)." In addition, Zhang Chi said that under the catalysis of industrial logic, there are still structural opportunities in the technology growth sector. However, investors need to select sub-sectors with industrial policy support, such as semiconductor equipment and AI computing power.