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第三届申万宏源ETF实盘大赛等你来战!
申万宏源证券上海北京西路营业部· 2025-06-24 01:44
专业投顾智囊团全程陪伴,每周带来最新的 点评资讯,深度解析市场热点与板块轮动, 助你把握市场脉络,优化投资决策! ETF投资门槛高? 新手如何快速入门? ETF投资门槛低、透明度高,是新手入市的 优选工具! 为帮助投资者系统学习,本次大 赛特别打造【大咖论市】、【大赛专区投教 视频】、【ETF理财课堂】等模块,通过专 业内容输出与互动学习相结合,助力投资者 建立完整的ETF投资知识框架。 比赛期间是否可以获得专业指导? 播ITF S 届申厅宏源ETF实思大島 以赛促学,玩转ETF投资 赛事时间 报名时间:2025年6月12日至8月29日 正式比赛: 2025年6月18日至9月5日 参赛指南常见Q&A 如何参与赛事? 进入活动页面点击【立即报名,报名有礼】 按钮,填写参赛昵称、阅读并同意《ETF实 盘大赛投资者风险揭示书》及《ETF实盘大 赛投资者信息公开知情同意书》后即可参与 报名。 具体参赛要求是什么? 2025年8月29日前,在申万宏源证券开通 普通A股账户或场内基金账户,且风险承受 能力等级C3及C3以上的投资者可报名参 赛。(同一身份证号下有多个账号的个人投资 者. 仅允许其名下任意一个账户报名:报名 ...
申万宏源证券荣膺2025年度SRP中国峰会三项大奖
申万宏源证券上海北京西路营业部· 2025-06-24 01:44
Core Viewpoint - The article emphasizes the importance of understanding market trends and company performance metrics to identify potential investment opportunities and risks in the financial sector [1]. Group 1 - The financial industry is experiencing significant changes due to regulatory adjustments and technological advancements, which are reshaping traditional business models [1]. - Companies that adapt to these changes by leveraging technology and enhancing operational efficiency are likely to outperform their peers [1]. - The article highlights the necessity for investors to closely monitor quarterly earnings reports and market news to make informed decisions [1]. Group 2 - Key performance indicators (KPIs) such as revenue growth, profit margins, and return on equity are critical for evaluating company health and investment potential [1]. - The article suggests that a thorough analysis of these KPIs can reveal underlying trends that may not be immediately apparent from surface-level data [1]. - It also points out that understanding macroeconomic factors, such as interest rates and inflation, is essential for assessing the broader market environment [1].
“申”挖数据 | 估值水温表
申万宏源证券上海北京西路营业部· 2025-06-24 01:44
Group 1 - The current Buffett indicator for A-shares is 75.04%, indicating it is in a relatively high range and currently within a safe zone [2] - Among major broad-based indices, only the ChiNext Index has a TTM PE valuation below 20%, at 14.95%. The PE valuations for the North China 50, China A100, and Sci-Tech 50 are at the 92.50%, 96.83%, and 97.51% historical percentiles respectively, suggesting relatively high valuations and potential risks [3] - In the current industry analysis, the agriculture, forestry, animal husbandry, and fishery sector has TTM PE, PB, and PS valuations all below the 20th percentile of the past decade. The TTM PE valuation is at the 4.41% percentile, PB at 3.97%, and PS at 12.11%, indicating a relatively low valuation and warranting attention [4] Group 2 - The computer and real estate sectors have TTM PE valuations at the 88.41% and 96.87% historical percentiles respectively, indicating high valuations and potential investment risks [4]
风偏下降,布局结构性机会 | 周度量化观察
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Market Overview - The Middle East situation continues to impact global markets, with A-shares declining and the bond market strengthening. The conflict in Iran has created tension, leading to a drop in A-share performance, with only 716 companies rising, marking a recent low [2][4] - On Friday, Trump's statement regarding a decision on attacking Iran within two weeks eased market nerves, resulting in improved performance for both A-shares and Hong Kong stocks [2] Bond Market - The bond market remains strong due to a loose funding environment, despite a slight liquidity withdrawal by the central bank. Weak economic data supports the bond market, making it favorable as a safe-haven asset amid geopolitical risks [2][8] Commodity Market - Gold prices experienced a weekly decline of over 2% due to a strengthening dollar, while oil prices fluctuated significantly amid geopolitical tensions [3][37] Stock Market - As the second quarter approaches its end, attention on corporate earnings is increasing. The average daily trading volume in the Shanghai and Shenzhen markets has decreased significantly, indicating a recalibration of market expectations [6][15] - The market is expected to focus on structural opportunities, particularly in technology sectors with improving fundamentals and those benefiting from domestic demand policies [7] Industry Performance - In the past week, the banking, communication, and electronics sectors performed well, with respective gains of +2.63%, +1.58%, and +0.95%. Conversely, the pharmaceutical sector saw a decline of -4.35% [21][25] Economic Indicators - Recent economic data shows a year-on-year increase in retail sales of 6.4% for May, while fixed asset investment growth slowed to 3.7%. Real estate investment remains under pressure with a cumulative decline of -10.7% [33]
早盘直击 | 今日行情关注
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
首先,中东地缘事件成为扰动市场神经的重要边际变量。上周,以色列和伊朗的军事冲突的进展继 续成为影响全球股市的重要因素。对国内市场来说,主要的不确定性来自于原油价格的波动和航运市场 能否正常运转。从目前情况看,A 股市场仍具备一定韧性,上方有压力,下方有支撑,呈现箱体波动特 征。即将展开的中报预披露和国内政策动向是投资者短期关注的焦点以及行情运行的主要线索。 上周,两市震荡调整,日均成交有所下降。沪指上周先盘后跌,周中高点被五天均线压制,周五收 盘跌破 30 天均线。深圳成指上周围绕 60 天均线几番争夺后,破位下行,周五收盘已经跌破所有中短期 均线。量能方面,上周两市日均量能不到 12000 亿,较上周出现明显下降。上周市场热点主要集中在 TMT 和银行等行业。投资风格方面,中小盘和科技风格跌幅更大,大盘蓝筹相对抗跌。 从市场运行节奏看,沪指在 5 月中旬的高点附近再次遇阻回落,关注 60 天均线支撑力度。沪指于 5 月初和 6 月初展开两波上攻行情,但均在年内高点附近遇到较强技术阻力,上周延续了调整态势。这 里提示我们:去年四季度的成交密集区以及今年一季度的市场高点附近仍有较强技术阻力。目前沪指下 方主要支 ...
申万宏源张剑:科创板改革有力增强了服务科技创新的制度包容性 市场潜能有望进一步释放
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Core Viewpoint - The China Securities Regulatory Commission (CSRC) is set to implement the "1+6" policy measures to further deepen the reform of the Sci-Tech Innovation Board, which is crucial for supporting technological innovation and enhancing market vitality [1]. Group 1: Policy Measures - The reform includes the establishment of a Sci-Tech Growth Tier and the reintroduction of the fifth set of listing standards for unprofitable companies, which significantly enhances the inclusiveness of the system in serving technological innovation [1]. - These measures are expected to release further market potential and strengthen the financial support for high-quality technology companies throughout their lifecycle [1]. Group 2: Market Impact - The optimized resource allocation resulting from these reforms is anticipated to substantially enhance the intrinsic value and core competitiveness of the capital market [1]. - The advantages of the Sci-Tech Innovation Board as a "testing ground" will become more pronounced under precise policy guidance, injecting strong momentum into China's technological and industrial innovation [1].
喜报!申万宏源荣获第二届财富管理·华尊奖三项大奖
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Group 1 - The core viewpoint of the article highlights that Shenwan Hongyuan Securities has won three awards at the Wealth Management Huazun Awards [1] Group 2 - The company has been recognized for its excellence in wealth management, showcasing its strong performance in the industry [1] - The awards reflect the company's commitment to providing high-quality financial services and innovative solutions to its clients [1] - This recognition may enhance the company's reputation and attract more clients in the competitive financial services market [1]
申万宏源承销保荐护航交通银行1,200亿元定增项目圆满完成 助力国有大行高质量发展再提速
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Core Viewpoint - The successful completion of the A-share issuance project by Bank of Communications, with a total fundraising amount of 120 billion yuan, aims to enhance its core Tier 1 capital adequacy ratio by approximately 1.25 percentage points [1][3][4]. Group 1: Company Overview - Bank of Communications is one of the oldest banks in China and ranks among the top six state-owned commercial banks, consistently making it to the Fortune Global 500 for 16 consecutive years [3]. - The bank focuses on building a world-class banking group with distinctive advantages, emphasizing comprehensive financial services, inclusive finance, green finance, and technology finance [3]. Group 2: Project Details - The A-share issuance project was led by Shenwan Hongyuan as the joint lead underwriter, which played a significant role in supporting the bank's capital strength and aligning with national strategies for financial services to the real economy [1][4]. - The project is part of a broader national policy initiative aimed at increasing financial resources, demonstrating Shenwan Hongyuan's commitment to serving the real economy and promoting high-quality development in China's financial sector [4]. Group 3: Strategic Collaboration - Shenwan Hongyuan plans to deepen its strategic cooperation with Bank of Communications, leveraging its core advantages in investment research, pricing, and sales to support the bank's role in national strategies and industrial upgrades [4].
我是股东|申万宏源证券联合上交所走进上市公司晶科科技
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Core Viewpoint - The article emphasizes the importance of investor engagement and communication with listed companies, particularly focusing on Jinko Power Technology Co., Ltd. (Jinko Technology) as part of the "I am a Shareholder" initiative by the Shanghai Stock Exchange [1][3]. Group 1: Company Overview - Jinko Technology is a leading clean energy supplier and service provider, focusing on three main sectors: photovoltaic power station development, power station services, and energy services [7][10]. - As of December 31, 2024, the company has total assets exceeding 425 billion yuan and a self-owned power station installed capacity of over 6.4 GW, ranking among the industry leaders [10][17]. - The company has established photovoltaic power stations across 27 provinces in China and has a domestic project reserve capacity of over 30 GW, with an overseas power station capacity of 3.4 GW [17]. Group 2: Investor Engagement Activities - The "I am a Shareholder" event organized by the Shanghai Stock Exchange and Shenwan Hongyuan Securities allowed investors to visit Jinko Technology, providing them with insights into the company's operations and management [3][12]. - During the event, investors toured the company's data display center and production facilities, gaining a detailed understanding of Jinko's development history and industry overview [5][10]. Group 3: Future Development and Strategy - Jinko Technology aims to enhance its core competitive advantages by focusing on both centralized and distributed business development, while also exploring investment opportunities in commercial, residential, and energy storage projects [10][12]. - The company plans to maintain a "light asset" operation strategy to accelerate capital turnover and increase the scale of power station transfers, while also investing heavily in comprehensive energy services [10][12]. - Jinko Technology is transitioning from a clean energy investor to a clean energy service provider, leveraging its global resource integration capabilities to mitigate operational risks [10][12]. Group 4: Industry Insights - A senior analyst from Shenwan Hongyuan Research Institute provided insights into the electricity industry, discussing the latest developments, core enterprise operations, and investment value, which received positive feedback from investors [11][12]. - The company is optimistic about the industry's recovery, citing supportive government policies and measures that are expected to positively impact performance [15].
“申”度解盘 | 市场波动显著放大,后续更应关注仓位控制
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Market Review - The market showed a downward trend this week, with the Shanghai Composite Index struggling to maintain the psychological level of 3400 points, indicating potential difficulty in sustaining this level without significant trading volume [2] - The micro-cap stock index formed a high-level doji, suggesting caution towards small micro-cap stocks [2] - The Hong Kong stock market formed a long upper shadow on the weekly chart, with the A/H premium reaching a new low, indicating a higher probability of a pullback in Hong Kong stocks or an increase in A-shares to return to a normal range [2] - A short-term head has formed, necessitating vigilance and partial position control, with the 20-week moving average serving as a key support level [2] Sector Analysis - There has been a noticeable acceleration in sector rotation, with over half of the sectors showing movement recently, including anti-tariff, military, innovative pharmaceuticals, new consumption, gaming media, CPO, oil and gas, and precious metals [3] - The trend is weak when sectors retreat, emphasizing the need for quick entry and exit strategies and active sector switching when trends reverse [3] Future Focus - Among various broad indices, the STAR Market has performed the weakest, particularly in sectors like semiconductors, computing power, and robotics, which have been in a weak adjustment trend since March [4] - Financial policies, such as the introduction of growth tiers in the STAR Market and the upcoming listing of new stocks with STAR attributes, may boost interest in semiconductor and technology stocks, although this may take time and requires accompanying trading volume [4] - A defensive approach is recommended before taking offensive positions [4]