2月27日，摩根标普港股通低波红利ETF（513630）收盘涨0.18%，成交额3.99亿元。 港股低波红利ETF摩根（513630）成立于2023年11月23日，基金全称为摩根标普港股通低波红利交易型 开放式指数证券投资基金，基金简称为摩根标普港股通低波红利ETF。该基金管理费率每年0.50%，托 管费率每年0.10%。港股低波红利ETF摩根（513630）业绩比较基准为标普港股通低波红利指数收益 率。 来源：新浪基金∞工作室 最新定期报告显示，港股低波红利ETF摩根（513630）重仓股包括江西铜业股份、远东宏信、中国神 华、中国海洋石油、恒隆地产、中国石油股份、信和置业、恒安国际、中国石油化工股份、恒生银行， 持仓占比如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）00358江西铜业股份4.51%1939.90万7.51亿 03360远东宏信3.37%7727.50万5.61亿01088中国神华3.12%1479.65万5.19亿00883中国海洋石油 3.11%2690.20万5.18亿00101恒隆地产2.98%6388.30万4.97亿00857中国石油股份2.98%6551.20万4 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：泉州民营经济研究院 丙午马年开假第一天，2月24日，省委、省政府连续第六年以"新春第一会"形式，在福州召开民营经济 代表人士座谈会。会上，省领导与民营企业家共同学习贯彻习近平总书记关于民营经济发展的重要论 述，研究促进民营经济健康发展、高质量发展，激发"开局起势"的强大动力，以旗帜鲜明的态度、真真 切切的尊重和实实在在的举措，鼓励和支持全省广大民营企业和民营企业家坚定信心、振奋精神、奋勇 争先，为实现"十五五"良好开局、奋力谱写新征程新福建建设新篇章作出新的贡献。省委书记、省人大 常委会主任周祖翼出席并讲话，省委副书记、省长赵龙主持。省政协主席滕佳材，省委副书记、福州市 委书记郭宁宁出席。 周祖翼说，民营经济是福建发展的重要特色、优势和活力所在。"十四五"时期新福建建设取得的丰硕成 果，凝聚着广大民营经济人士的智慧和汗水。过去一年和"十四五"时期，大家积极投身新福建建设主战 场，在风雨中破浪前行，在挑战中发展壮大，向新而行、求变图强，勇担责任、热心公益，推动福建民 营经济在全省经济社会发展中的地位更加凸显。周祖翼代表省委、省政府向 ...

今天上午，泉州市委、市政府召开2026年泉州市民营经济发展大会。政企齐聚"新春第一会"，聚焦"传 承弘扬、创新发展'晋江经验'，深化要素市场化配置综合改革，激发民营经济发展活力"主题，共话发 展大计，共绘奋进蓝图，为"十五五"开好局、起好步凝聚强大合力。 会上，2025年度泉州市民营企业纳税百强正式公布。九牧集团纳税超9亿元，与安踏、达利等知名企业 位列前三！ 2025年度泉州市 民营企业纳税排名 (部分) 、纳税超30亿元企业(1家) 安踏体育用品集团有限公司 二、纳税超10亿元企业(1家) 达利食品集团有限公司 九牧集团有限公司 四、纳税超7亿元企业(2家) 福建恒安集团有限公司 特步集团有限公司 五、纳税超6亿元企业(1家) 三六一度(中国)有限公司 数据来源:2026年泉州市民营经济发展大会 责任编辑：何俊熹 三、纳税超9亿元企业(1家) 九牧集团有限公司 四、纳税超7亿元企业(2家) 福建恒安集团有限公司 特步集团有限公司 今天上午，泉州市委、市政府召开2026年泉州市民营经济发展大会。政企齐聚"新春第一会"，聚焦"传 承弘扬、创新发展'晋江经验'，深化要素市场化配置综合改革，激发民营经济发展活力" ...

港股通红利低波ETF基金（159118）现任基金经理为严筱娴。严筱娴自2025年11月17日管理（或拟管 理）该基金，任职期内收益3.06%。 最新定期报告显示，港股通红利低波ETF基金（159118）重仓股包括远东宏信、中国神华、中国石油股 份、中国海洋石油、江西铜业股份、恒隆地产、恒安国际、信和置业、电讯盈科、中国石油化工股份， 持仓占比如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）03360远东宏信1.07%70.30万498.70万01088 中国神华1.06%13.40万493.23万00857中国石油股份1.05%59.40万486.83万00883中国海洋石油1.05%24.40 万487.94万00358江西铜业股份1.05%17.60万487.23万00101恒隆地产1.04%58.30万483.12万01044恒安国 际0.91%16.65万423.93万00083信和置业0.91%46.40万425.49万00008电讯盈科0.85%72.50万393.49万 00386中国石油化工股份0.84%94.60万392.83万 来源：新浪基金∞工作室 2月24日，华夏标普港股通 ...

Core Viewpoint - The Huabao S&P Hong Kong Stock Connect Low Volatility Dividend ETF (159220) has experienced a decline in both share count and total assets since the beginning of the year, indicating potential challenges in attracting investor interest [1]. Group 1: Fund Performance - As of February 12, 2025, the fund's latest share count is 444 million, with a total size of 287 million yuan, reflecting a decrease of 13.29% in shares and 6.82% in size compared to December 31, 2025 [1]. - The fund's management fee is set at 0.50% annually, while the custody fee is 0.10% annually [1]. Group 2: Trading Activity - The cumulative trading amount over the last 20 trading days reached 1.038 billion yuan, with an average daily trading amount of approximately 51.88 million yuan [1]. Group 3: Fund Management - The current fund managers are Yang Yang and Hu Yijiang, both of whom have managed the fund since its inception on April 29, 2025, achieving a return of 28.46% during their tenure [2]. Group 4: Top Holdings - The fund's top holdings include Jiangxi Copper Co. (4.48%), Far East Horizon (3.36%), China National Offshore Oil Corporation (3.11%), and China Shenhua Energy (3.07%), among others, with significant positions in various sectors [2][3].

Core Viewpoint - The Penghua Hong Kong Stock Connect Low Volatility Dividend ETF (159117) has experienced a decline in both share count and total assets since the beginning of the year, indicating potential challenges in attracting investment [1][2]. Fund Overview - The fund was established on September 30, 2025, with an annual management fee of 0.30% and a custody fee of 0.10% [1]. - As of February 11, 2025, the fund's total shares stood at 83.40 million, with a total size of 91.23 million yuan, reflecting a decrease of 42.64% in shares and 38.38% in size compared to December 31, 2025 [1]. Liquidity Analysis - Over the last 20 trading days, the cumulative trading amount for the ETF reached 129 million yuan, with an average daily trading amount of 6.44 million yuan [1]. Fund Management - The current fund managers are Yan Dong and Yu Zhanchang, both of whom have managed the fund since its inception, achieving a return of 8.57% during their tenure [2]. Top Holdings - The ETF's major holdings include Jiangxi Copper Co. (4.39%), Far East Horizon (3.33%), China Shenhua Energy (3.09%), CNOOC (3.04%), and others, with the respective market values and share counts detailed [3].

Group 1 - Bank of America Securities has lowered the core net profit forecasts for Hengan International (01044) by 3% and 1% for 2025 and 2026 respectively [1] - The target price has been raised by 18% to HKD 30, based on an improved industry competitive landscape and an increased target price-to-earnings ratio to 13 times [1] - Despite the lack of long-term growth drivers, the company offers a considerable dividend yield, maintaining a "Neutral" rating [1] Group 2 - The bank expects Hengan's revenue in the second half of 2025 to grow by 1% year-on-year to RMB 10.9 billion, driven by improvements across all three business segments [1] - Tissue sales are projected to increase by 5% year-on-year, accelerating from 3% growth in the first half of the year [1] - The bank anticipates that the gross margin in the second half of the year will improve to 33.1%, primarily due to better product mix and normalization of raw material costs [1] - Core net profit for the second half of 2025 is expected to grow by 8% to RMB 1 billion year-on-year [1]

智通财经APP获悉，美银证券发布研报称，将恒安国际(01044) 2025及2026年的核心净利润预测分别下 调3%及1%；基于行业竞争格局改善，上调目标市盈率至13倍，目标价升18%至30港元。虽然公司缺乏 长期增长推动力，但股息收益率可观；重申"中性"评级。 该行预期恒安2025年下半年收入将同比增长1%至109亿元人民币，因三大业务板块均持续改善。其中， 纸巾销售预计同比增长5%，较上半年的3%增长有所加速。同时，该行预期下半年毛利率将较上半年提 升，达到33.1%，主要因纸巾业务的毛利率受产品组合改善及原材料成本正常化所带动；料2025年下半 年核心净利润同比增长8%至10亿元人民币。 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of the Huabao S&P Hong Kong Stock Connect Low Volatility Dividend ETF (159220), which has seen a slight increase in its closing price and a decrease in both share count and total assets year-to-date [1][2]. - As of February 10, 2025, the fund's latest share count is 444 million, with a total size of 286 million yuan, reflecting a year-to-date decrease of 13.29% in shares and 7.18% in total assets compared to December 31, 2025 [1]. - The fund's management fee is set at 0.50% annually, while the custody fee is 0.10% annually, with its performance benchmark being the S&P Hong Kong Stock Connect Low Volatility Dividend Index adjusted for RMB exchange rates [1]. Group 2 - The current fund managers are Yang Yang and Hu Yijiang, both of whom have managed the fund since its inception on April 29, 2025, achieving a return of 28.46% during their tenure [2]. - The fund's top holdings include Jiangxi Copper Co., Far East Horizon, CNOOC, China Shenhua Energy, Hang Lung Properties, PetroChina, Sino Land, Hengan International, Sinopec, and Hang Seng Bank, with varying ownership percentages [2][3]. - The largest holding is Jiangxi Copper Co. at 4.48%, followed by Far East Horizon at 3.36%, and CNOOC at 3.11%, with total holdings reflecting significant investments in key sectors [3].

Core Viewpoint - Bank of America Securities forecasts that Hengan International's revenue will grow by 1% year-on-year to 10.9 billion yuan in the second half of 2025, driven by improvements across its three main business segments [1] Revenue Growth - Tissue sales are expected to increase by 5% year-on-year, accelerating from 3% growth in the first half of the year [1] Profitability - The gross margin for the second half of the year is anticipated to improve to 33.1%, primarily due to better product mix and normalization of raw material costs in the tissue business [1] Earnings Forecast - Core net profit forecasts for 2025 and 2026 have been revised down by 3% and 1% respectively [1] Valuation - Target price has been raised by 18% to 30 HKD, with the target price-to-earnings ratio increased to 13 times based on improved industry competitive landscape [1] Investment Rating - Despite the lack of long-term growth drivers, the company offers a decent dividend yield, maintaining a "Neutral" rating [1]