证券日报网1月23日讯，浙江东方（600120）在接受调研者提问时表示，所有基金按行业规范及国资管 理要求运作，每年根据项目实际情况进行评估，多采用市场法、收益法等行业通行做法对基金和所投项 目进行评估，并根据审计情况调整估值。目前全部存续基金整体MOIC约1.45倍。 ...

证券研究报告 | 基金研究（公募） 2026 年 01 月 23 日 FOF 新发市场回温，规模相对集中于低风险 FOF FOF 基金 2025 年四季报点评 ❑ FOF 基金持仓分析： 徐燕红 S1090524120003 xuyanhong@cmschina.com 徐肖雅 研究助理 xuxiaoya@cmschina.com 敬请阅读末页的重要说明 ❑ 市场新闻：2025 年四季度，个人养老金 FOF 基金数量回升至 213 只，整体发 展平稳。截至 2025/12/31，2023 年以来完整运行的 132 只 Y 份额个人养老金基 金平均收益为 12.74%，收益区间为[-5.95%,36.14%]，130 只基金获得了正收益。 ❑ 市场概况：截至 2025 年 12 月 31 日，全市场公募 FOF 基金共有 549 只，合 计管理规模 2441.88 亿元，其中低风险 FOF 规模占比约 66%。整体较 2025 年三季度末数量增加了 31 只，管理规模持续回升，相比三季度末增加 507.00 亿元，环比上升 26.20%，相较 2024 年末规模上升超过 80%。 ❑ 新发产品：2025 年四季 ...

6,314.60 26.01.23 基金亏损5元～ 场外买入200元。 场内盈收15元；场外亏损20元。 +382.11 ...

Group 1 - The core viewpoint of the news is that Jinjiang Online's stock has seen a significant increase of 5.03%, reaching a price of 16.92 yuan per share, with a trading volume of 319 million yuan and a turnover rate of 4.93%, resulting in a total market capitalization of 9.333 billion yuan [1] - Jinjiang Online, established on February 24, 1993, and listed on June 7, 1993, operates primarily in vehicle operation (56.90% of revenue), automobile sales (24.85%), and low-temperature logistics (17.77%), with other sales contributing 4.07% and undistributed projects at 0.57% [1] Group 2 - From the perspective of major circulating shareholders, the fund under Shenwan Hongyuan, specifically Shenwan Hongyuan Intelligent Automotive A (012210), reduced its holdings by 429,700 shares in the third quarter, now holding 1.7002 million shares, which is 0.31% of circulating shares, with an estimated floating profit of approximately 1.3772 million yuan [2] - The fund manager of Shenwan Hongyuan Intelligent Automotive A is Li Hang, who has been in the position for 1 year and 231 days, managing a total asset size of 192 million yuan, with the best fund return during his tenure at 32.02% and the worst at 31.18% [3] Group 3 - In terms of the fund's top holdings, Shenwan Hongyuan Intelligent Automotive A has reduced its holdings in Jinjiang Online by 816,100 shares in the fourth quarter, now holding 884,100 shares, which constitutes 7.01% of the fund's net value, ranking as the fourth-largest holding, with an estimated floating profit of about 716,100 yuan [4]

1月23日，新诺威涨5.02%，截至发稿，报39.77元/股，成交3.50亿元，换手率0.65%，总市值558.61亿 元。 截至发稿，成曦累计任职时间9年264天，现任基金资产总规模2369.54亿元，任职期间最佳基金回报 131.04%， 任职期间最差基金回报-67.89%。 刘树荣累计任职时间8年192天，现任基金资产总规模1276.84亿元，任职期间最佳基金回报194.12%， 任职期间最差基金回报-48.01%。 资料显示，石药创新制药股份有限公司位于河北省石家庄市栾城区张举路62号,香港湾仔港湾道18号中 环广场32楼3206室，成立日期2006年4月5日，上市日期2019年3月22日，公司主营业务涉及功能食品的 研发、生产与销售。主营业务收入构成为：功能食品及原料88.93%，生物制药8.91%，其他2.16%。 从新诺威十大流通股东角度 数据显示，易方达基金旗下1只基金位居新诺威十大流通股东。易方达创业板ETF（159915）三季度减 持132.53万股，持有股数786.8万股，占流通股的比例为0.63%。根据测算，今日浮盈赚取约1494.92万 元。 易方达创业板ETF（159915）成立日 ...

Group 1 - Yao Pi Glass experienced a 5.06% increase in stock price, reaching 8.93 CNY per share, with a trading volume of 112 million CNY and a turnover rate of 1.72%, resulting in a total market capitalization of 8.722 billion CNY [1] - The company, Shanghai Yao Pi Glass Group Co., Ltd., was established on November 23, 1993, and listed on January 28, 1994. Its main business involves the production and sale of transparent float glass, colored float glass, and related deep-processing products [1] - The revenue composition of Yao Pi Glass includes automotive processed glass at 38.72%, building processed glass at 35.22%, float glass at 32.77%, and other sources at 1.70% [1] Group 2 - Among the top ten circulating shareholders of Yao Pi Glass, a fund under Huatai-PineBridge ranked first. The CSI Shanghai State-Owned Enterprises ETF (510810) reduced its holdings by 330,000 shares, now holding 2.4738 million shares, which represents 0.26% of the circulating shares [2] - The CSI Shanghai State-Owned Enterprises ETF (510810) was established on July 28, 2016, with a latest scale of 6.747 billion CNY. Year-to-date returns are 3.61%, ranking 3735 out of 5546 in its category; the one-year return is 21.79%, ranking 3346 out of 4261; and since inception, the return is 9.11% [2] Group 3 - The fund manager of the CSI Shanghai State-Owned Enterprises ETF (510810) is Wu Zhenxiang, who has a cumulative tenure of 15 years and 356 days. The total asset scale of the fund is 18.598 billion CNY, with the best fund return during his tenure being 208.83% and the worst being -31.53% [3]

Group 1 - Sichuan Jinding's stock price increased by 5.69% to 13.37 CNY per share, with a trading volume of 246 million CNY and a turnover rate of 5.52%, resulting in a total market capitalization of 4.666 billion CNY [1] - The company, established on September 7, 1988, and listed on October 8, 1993, primarily engages in non-metallic mineral mining, processing, and product sales, with revenue composition as follows: limestone 86.66%, logistics and transportation 7.41%, calcium oxide 3.16%, rental income 1.43%, ready-mixed concrete and cement-stabilized crushed stone 1.41%, and IT services 0.02% [1] Group 2 - Among the top ten circulating shareholders of Sichuan Jinding, a fund under GF Fund ranks first, specifically the GF CSI All Share Construction Materials Index A (004856), which entered the top ten in Q3 with 853,300 shares, accounting for 0.24% of circulating shares, yielding an estimated profit of approximately 614,400 CNY today [2] - The GF CSI All Share Construction Materials Index A (004856) was established on August 2, 2017, with a current scale of 281 million CNY, achieving a year-to-date return of 9.89% (ranking 1478 out of 5546) and a one-year return of 21.92% (ranking 3331 out of 4261), with a cumulative return since inception of 5.47% [2] Group 3 - The fund manager of GF CSI All Share Construction Materials Index A (004856) is Lu Zhiming, who has a total tenure of 14 years and 239 days, managing assets totaling 25.098 billion CNY, with the best fund return during his tenure being 119.61% and the worst being -63.28% [3]

Group 1 - The stock price of Yunnan Chihong Zinc & Germanium Co., Ltd. increased by 5.45% to 9.86 CNY per share, with a trading volume of 774 million CNY and a turnover rate of 1.60%, resulting in a total market capitalization of 49.698 billion CNY [1] - The company, established on July 18, 2000, and listed on April 20, 2004, primarily engages in the mining, smelting, deep processing, and sales of lead, zinc, and germanium products [1] - The revenue composition of the company includes 73.82% from lead and zinc mining and smelting, 15.00% from other sources, and 11.18% from non-ferrous metal trading [1] Group 2 - Zhongyou Fund holds a significant position in Chihong Zinc & Germanium, with its fund, Zhongyou CSI 500 Index Enhanced A (590007), owning 109,300 shares, accounting for 1.46% of the fund's net value, making it the fifth-largest holding [2] - The fund has a total scale of 44.9095 million CNY and has achieved a year-to-date return of 8.85%, ranking 1783 out of 5546 in its category, with a one-year return of 42.86%, ranking 1771 out of 4261 [2] - The fund manager, Wang Gao, has been in charge for 5 years and 201 days, with the fund's total assets amounting to 2.029 billion CNY, achieving a best return of 77.12% and a worst return of -29.36% during his tenure [2]

Group 1 - Chengdu Huamei Electronics Technology Co., Ltd. experienced a stock price increase of 5.37% on January 23, reaching 53.55 CNY per share, with a trading volume of 276 million CNY and a turnover rate of 2.42%, resulting in a total market capitalization of 34.103 billion CNY [1] - The company, established on March 9, 2000, focuses on integrated circuit research, design, testing, and sales, providing overall solutions for signal processing and control systems. The revenue composition includes digital integrated circuits (50.03%), analog integrated circuits (43.20%), other products (3.98%), technical services (2.70%), and others (0.08%) [1] Group 2 - Among the top circulating shareholders of Chengdu Huamei, the Jiashi Fund holds a position with its Jiashi SSE STAR Market Chip ETF (588200) having reduced its holdings by 199,700 shares in the third quarter, now holding 4.3281 million shares, which accounts for 1.99% of circulating shares. The estimated floating profit today is approximately 11.8158 million CNY [2] - The Jiashi SSE STAR Market Chip ETF (588200) was established on September 30, 2022, with a current scale of 39.658 billion CNY. Year-to-date returns are 18.93%, ranking 66 out of 5,546 in its category; the one-year return is 88.19%, ranking 159 out of 4,261; and since inception, the return is 179.11% [2]

广发消费领航股票型发起式证券投资基金基金合同全文和招募说明书全文于2026年1月23日在本公司网 站[www.gffunds.com.cn]和中国证监会基金电子披露网站（http://eid.csrc.gov.cn/fund）披露，供投资者查 阅。如有疑问可拨打本公司客服电话（95105828或020-83936999）咨询。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证本基金一定盈利，也不 保证最低收益。请充分了解本基金的风险收益特征，审慎做出投资决定。 广发基金管理有限公司 2026年1月23日 MACD金叉信号形成，这些股涨势不错！ 特此公告。 ...