天天基金网·2026-01-13 09:18Core Viewpoint - As of the end of 2025, the northbound capital has shifted its focus towards hard technology and non-ferrous metals industries, with ten industries having a market value of over 100 billion yuan in holdings [1][7]. Industry Summary - The market value of holdings in the power equipment industry reached 449.5 billion yuan, while the electronics industry had 387 billion yuan, and the non-ferrous metals industry saw a significant increase to 185.6 billion yuan, marking a growth of over 170% compared to the end of 2024 [3][7]. - The banking sector's holdings increased by 56.45% to 217.6 billion yuan, while the machinery equipment sector saw a rise to 98.6 billion yuan [3][4]. - The food and beverage sector experienced a decline of 35.52%, with holdings dropping to 138.8 billion yuan [4]. Top Holdings Summary - The top holding, Ningde Times, had a market value of 254.3 billion yuan, representing a 76.57% increase in holdings [5][8]. - Midea Group and Kweichow Moutai ranked second and third, with holdings of 77 billion yuan and 75.8 billion yuan, respectively, both experiencing reductions of 7.99% and 35.82% [5][8]. - Other notable top holdings included China Merchants Bank at 51.4 billion yuan, Zijin Mining at 47.1 billion yuan, and Northern Huachuang at 45.7 billion yuan, with the latter seeing a remarkable increase of 267.34% [5][8].