2月26日，运达股份涨5.39%，截至发稿，报19.93元/股，成交1.85亿元，换手率1.36%，总市值156.82亿 元。 资料显示，运达能源科技集团股份有限公司位于浙江省杭州市西湖国际科技大厦A座18F，成立日期 2001年11月30日，上市日期2019年4月26日，公司主营业务涉及大型风力发电机组的研发、生产和销 售。主营业务收入构成为：风电机组87.54%，新能源EPC总承包6.36%，其他4.04%，发电收入2.06%。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模789.96亿。今年以来收益10.92%，同 类排名1308/5572；近一年收益32.69%，同类排名1845/4311；成立以来收益26.85%。 南方中证1000ETF（512100）基金经理为崔蕾。 截至发稿，崔蕾累计任职时间7年113天，现任基金资产总规模1370.2亿元，任职期间最佳基金回报 250.66%， 任职期间最差基金回报-15.93%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请 ...

Group 1 - On February 25, the A-share market saw all three major indices rise collectively, while the stock ETF market experienced a net outflow of approximately 1.4 billion yuan [1][3] - As of February 25, the total scale of 1,344 stock ETFs in the market reached 4.18 trillion yuan, with a reduction of 503 million fund shares, resulting in a net outflow of about 1.48 billion yuan [3] - The Hong Kong stock market ETFs led in net inflows, totaling 1.881 billion yuan, with the CSI 500 Index ETF seeing the highest inflow of 1.678 billion yuan [3] Group 2 - On February 25, 32 ETFs had net inflows exceeding 100 million yuan, with the CSI 500 ETF leading at 1.424 billion yuan, followed by the Electric Grid Equipment ETF and A500 ETF with inflows of 1.059 billion yuan and 618 million yuan, respectively [4][5] - The Electric Grid Equipment ETF and the Hang Seng Internet ETF were among the top gainers, with net inflows of 1.059 billion yuan and 603 million yuan, respectively [5] - Conversely, the ChiNext Index ETF experienced the largest net outflow, amounting to 1.946 billion yuan [5][6] Group 3 - The top 15 ETFs with net outflows included the ChiNext ETF with a net outflow of 1.684 billion yuan, followed by the Chemical ETF and Semiconductor Equipment ETF with outflows of 1.268 billion yuan and 757 million yuan, respectively [6] - The report indicates that major fund companies, such as E Fund and Huaxia Fund, continue to attract net inflows into their ETFs, reflecting investor confidence in specific sectors [4][5] - Looking ahead, ICBC Credit Suisse Fund expresses a positive outlook on A-shares, citing that total demand adjustments are nearing equilibrium and supply-side adjustments will enhance confidence in capital returns [5]

2月26日，恒为科技涨5.01%，截至发稿，报31.64元/股，成交5.51亿元，换手率5.58%，总市值101.31亿 元。 截至发稿，崔蕾累计任职时间7年113天，现任基金资产总规模1370.2亿元，任职期间最佳基金回报 250.66%， 任职期间最差基金回报-15.93%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居恒为科技十大流通股东。南方中证1000ETF（512100）三季度减 持4.39万股，持有股数202.26万股，占流通股的比例为0.63%。根据测算，今日浮盈赚取约305.41万元。 南方中证1000ETF（512100）成立日期2016年9月29日，最新规模789.96亿。今年以来收益10.92%，同 类排名1308/5572；近一年收益32.69%，同类排名1845/4311；成立以来收益26.85%。 南方中证1000ETF（512100）基金经理为 ...

2月26日，太极实业涨5.74%，截至发稿，报11.42元/股，成交9.96亿元，换手率4.33%，总市值238.85亿 元。太极实业股价已经连续4天上涨，区间累计涨幅14.41%。 从太极实业十大流通股东角度 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居太极实业十大流通股东。南方中证1000ETF（512100）三季度减 持14.39万股，持有股数1348.5万股，占流通股的比例为0.64%。根据测算，今日浮盈赚取约836.07万 元。连续4天上涨期间浮盈赚取1833.96万元。 截至发稿，崔蕾累计任职时间7年113天，现任基金资产总规模1370.2亿元，任职期间最佳基金回报 250.66%， 任职期间最差基金回报-15.93%。 资料显示，无锡市太极实业股份有限公司位于江苏省无锡市梁溪区兴源北路401号21层，成立日期1993 年7月26日，上市日期1993年7月28日，公司主营业务涉及半导体(集成电路)市场领先的制造与服务商,半 导体(集成电路)制造板块主要为半导体封测业务,半导体(集成电路)服务板块主要为电子高科技工程技术 服务业务。主营业务收入构成为：工程总包78.52%，封装测试9.08 ...

2025年以来，A股市场波动上行，结构性分化日益明显，叠加债市转入震荡的环境，可转债基金、"固 收+"产品凭借稳健与弹性兼具的特性，受到投资者关注。 具体来看，南方昌元可转债债券A定位可转债基金，在此框架上，刘文良的"搭积木"策略表现为当需要 进攻性时，偏股型和平衡型积木占比会增大；当需要规避风险时，会重点布局大盘波段积木，提高偏债 型转债比例。南方广利回报债券A/B定位多资产"固收+"产品，其调整策略主要体现在两方面，一是转 债仓位的分配，二是债券方面调整组合的久期。 回顾管理产品的业绩表现，刘文良将其归因于对科技成长和周期方向的积极把握。科技方向上，他认为 以AI人工智能、具身智能、智能驾驶、军工无人化信息化智能化、创新药等为代表的大产业周期趋 势，是值得基金经理长期关注的方向；周期方向上，有色、机械、化工等中上游行业总能找到下游需求 走强带来的细分行业和个股机会。 "目前泛科技的产业周期，包括AI、创新药、军工无人化信息化智能化等，都是3至5年维度的产业上行 周期。同时，我也关注周期成长，包括有色、化工、机械，更加重视需求驱动的机会而不是纯供给侧的 逻辑。"刘文良强调。 以"搭积木"思维 构筑资产配置结 ...

Core Viewpoint - The public fund industry is increasingly focusing on investor returns, as evidenced by a significant rise in dividend distributions, with a total of 829 public funds distributing over 36.4 billion yuan in dividends since the beginning of the year [1] Group 1: Dividend Distribution Trends - In the two trading days following the Spring Festival (February 24-25), 37 public fund products distributed a total of 302 million yuan in dividends [1] - This year, over half of the total dividend amount has come from equity funds, marking a shift from previous years where bond funds dominated [1] - Major broad-based ETFs, such as Huatai-PB CSI 300 ETF, led the distribution with over 9.8 billion yuan in dividends, highlighting their significant role in this dividend wave [1] Group 2: Active Management Funds - Actively managed funds have also shown strong dividend distribution, with several funds like China Europe Dividend Enjoyment A and China Europe New Trend A distributing over 350 million yuan in a single payout [2] - Some funds have distributed dividends multiple times within two months, indicating a proactive and stable dividend strategy [2] - Dividend-themed funds have contributed significantly, with products like Huatai-PB SSE Dividend ETF and Fortune CSI Dividend Index Enhanced A collectively distributing over 2.8 billion yuan [2] Group 3: Market Outlook - Fund managers from institutions that have already distributed dividends maintain a positive outlook on the market, particularly for resource and financial sectors [3] - Factors such as declining risk-free rates, ongoing capital market reforms, and supportive domestic demand policies are expected to create a favorable liquidity environment for the A-share market [3] - The anticipated stabilization of the A-share market is supported by improving export conditions and advancements in new technology industries [3]

春节后两个交易日，多只机器人主题基金获得资金青睐。Wind资讯数据显示，2月24日至25日，13只机 器人主题基金合计净流入资金超过6.3亿元，其中华夏中证机器人ETF和天弘中证机器人ETF分别获得资 金净流入3.03亿元、1.81亿元，在该类产品中排名均居前列。 "春节假期期间，机器人表演成为极具辨识度的科技亮点，多家国产机器人企业同台亮相，展现出国内 机器人产业的技术积淀与落地能力，进一步提振了市场对国产机器人产业发展前景的预期。"上海某公 募基金相关人士向记者表示，从产业趋势来看，机器人表演并非单纯的炫技，而是国内机器人产业加速 迈入产业化阶段的直观体现，行业正迎来政策、技术、商业化的三重共振。同时，从中证机器人指数成 份股覆盖的产业链企业来看，多集中于工业和信息技术等领域，一定程度上反映出机器人产业上中下游 的发展态势，这些企业多为具备核心技术的优质企业，涵盖核心零部件、本体制造、系统集成等关键环 节。预计市场对机器人赛道的关注度将持续提升，该产业发展也将迎来较大空间。 （文章来源：证券日报） 机器人主题基金规模呈现持续增长态势，反映出投资者对其关注度正在不断提升，资金也在持续流入。 银河中证机器人指 ...

节后两个交易日净流入超6.3亿元 本报记者 王宁 春节后两个交易日，多只机器人主题基金获得资金青睐。Wind资讯数据显示，2月24日至25日，13只机器人主题基金合计 净流入资金超过6.3亿元，其中华夏中证机器人ETF和天弘中证机器人ETF分别获得资金净流入3.03亿元、1.81亿元，在该类产 品中排名均居前列。 截至2月25日，上述13只机器人主题基金总规模已突破700亿元，其中有3只产品规模均在100亿元以上，分别为华夏中证机 器人ETF、易方达国证机器人产业ETF和天弘中证机器人ETF；同时，另有6只产品规模在10亿元至100亿元之间，分别为嘉实 中证机器人ETF、南方中证机器人ETF、富国国证机器人产业ETF、景顺长城国证机器人ETF、招商中证机器人ETF和鹏华国证 机器人产业ETF。 机器人主题基金规模呈现持续增长态势，反映出投资者对其关注度正在不断提升，资金也在持续流入。银河中证机器人指 数发起式基金基金经理黄栋向《证券日报》记者表示，2026年马年春晚成为国内人形机器人企业展示实力的舞台，揭示了人工 智能产品从"预设动作"向"自主智能"的跨越，其技术突破在于硬件刚性与稳定性的飞跃，实现了从依赖地 ...

仅在春节假期后的两个交易日，就有37只公募产品合计分红达3.02亿元 马年新春的暖意，不仅洋溢在街头巷尾，也悄然渗透进公募基金投资者的账户。据资讯数据统计，仅在 春节假期后的两个交易日（2月24日至2月25日），就有37只公募产品（不同份额分开计算）密集派 发"红包"，合计分红金额达3.02亿元。 若将时间线拉长来看，这股分红热潮自年初以来持续升温。资讯数据显示，截至2月25日记者发稿，今 年以来已有829只公募基金实施分红，累计分红金额超364亿元。真金白银的回馈背后，折射出公募基金 行业对投资者回报的日益重视。 与往年债券型基金"唱主角"的格局不同，今年权益类基金贡献了超半数的分红金额。这一变化，既是 2025年A股市场回暖为权益类基金积累可观利润基础的结果，也反映出在监管部门引导行业高质量发展 的背景下，基金管理人更加注重通过分红增强投资者的获得感。 在这波分红浪潮中，规模庞大的宽基ETF（交易型开放式指数基金）尤为"慷慨"。其中，华泰柏瑞沪深 300ETF以超过98亿元的分红金额领跑，易方达沪深300ETF、南方中证500ETF等产品的分红金额也均超 过10亿元。这些核心宽基指数基金凭借庞大的规模和稳 ...

Core Viewpoint - Multiple public fund institutions, including E Fund, Huaxia Fund, and Southern Fund, have issued warnings about the premium risk of their QDII funds, particularly in the oil and gas sector, indicating a significant premium in secondary market trading prices [1][2] Group 1: Premium Risk in QDII Funds - QDII funds have been frequently warning about premium risks since the market reopened after the Spring Festival, with various funds showing secondary market prices significantly above their net asset values [2] - For instance, on February 25, the closing price of the Fuguo S&P Oil & Gas Exploration and Production Select Industry ETF (QDII) was 1.141 yuan, representing a premium of 5.71% over its reference net value of 1.0794 yuan [2] Group 2: Factors Contributing to High Premiums - The high premiums in oil and gas QDII funds are attributed to a combination of rigid supply, increased demand, and timing mechanisms, leading to a supply-demand imbalance that drives up trading prices [3] - The scarcity of QDII investment quotas has limited the ability to arbitrage, causing concentrated demand in the secondary market, which further exacerbates price increases [3] - The design of the mechanism and the nature of the underlying assets amplify price deviations, as the trading hours of overseas markets and A-shares do not align, leading to premature price adjustments [3] Group 3: Growth of QDII Fund Scale - The total scale of QDII funds has surpassed 1 trillion yuan, reaching 1,008.73 billion yuan as of February 25, up over 65% from 609.65 billion yuan at the beginning of 2025 [4] - The increase in QDII fund scale is driven by heightened investor interest in overseas high-growth sectors and a growing demand for global asset allocation [4] Group 4: Recommendations for Investors - Investors are advised to be cautious of the real risks associated with oil and gas QDII funds, including severe premium contraction risks and the inability to arbitrage due to fund purchase limits [4] - It is suggested that investors monitor futures market trends, geopolitical developments, and the dynamics of oil supply and demand to mitigate risks [5] Group 5: Institutional Responses to Premium Risks - Public fund institutions are encouraged to take proactive measures to address high premium risks, such as applying for temporary trading suspensions and adjusting subscription limits to alleviate supply constraints [6] - Exploring flexible tools and hedging arrangements, such as introducing market makers or creating new linked products, is recommended to address supply-demand conflicts [6]