该基金属于偏股混合型基金。截至7月17日，单位净值为0.974元。基金经理是朱维缜。 AI基金交银产业机遇混合（010094）披露2025年二季报，第二季度基金利润4321.38万元，加权平均基金份额本期利润0.0271元。报告期内，基金净值增长 率为2.8%，截至二季度末，基金规模为15.43亿元。 基金管理人在二季报中表示，展望 2025 年下半年，宏观上，我们需要持续观察贸易摩擦的后续进展、对各类资产的影响程度，以及国内相应的应对策略和 宏观经济走势。落实到投资上，综合宏观情况和产业发展趋势，我们将持续关注和挖掘：在 AI 大趋势上耕耘推进的公司，尤为关注多模态方向的进展；致 力于给消费者带来快乐和美好的泛消费公司。 截至7月17日，交银产业机遇混合近三个月复权单位净值增长率为6.81%，位于同类可比基金134/182；近半年复权单位净值增长率为18.89%，位于同类可比 基金29/182；近一年复权单位净值增长率为32.61%，位于同类可比基金32/181；近三年复权单位净值增长率为0.04%，位于同类可比基金49/172。 通过所选区间该基金净值增长率分位图，可以观察该基金与同类基金业绩比较情况。图 ...

Core Viewpoint - Over 90% of the more than 100 A-share listed companies that have disclosed their Q1 2025 performance forecasts are optimistic, with over 30 companies expecting a "doubling" of net profits [1][2]. Group 1: Company Performance - 59 companies expect an increase in Q1 performance, 28 anticipate slight growth, 11 are turning losses into profits, and 4 are maintaining profitability [2]. - More than 30 companies forecast a net profit increase of over 100% year-on-year, with nearly 30 companies expecting an increase of over 50% [2]. - GuoDa Special Materials anticipates a nearly 26% increase in revenue and a 1504.79% increase in net profit attributable to shareholders [2]. - China Shipbuilding Defense expects a net profit increase of up to 1200.91% due to improved production efficiency and investment income [3]. - Xianggang Technology predicts a net profit increase of up to 916.65% driven by market expansion and cost control [3]. Group 2: Industry Insights - The automotive, electronics, and basic chemical industries are among the top performers, with 14, 13, and 13 companies respectively [2]. - The overall performance of companies in Q1 reflects a high industry prosperity, with many achieving both volume and price growth [3]. - Analysts suggest that the current market environment indicates a stable and improving Chinese economy [3]. Group 3: Investment Strategies - Investment strategies should focus on sectors with potential for exceeding expectations in Q1 and annual reports, particularly in TMT-related industries like semiconductors and consumer electronics [4]. - Analysts recommend attention to growth industries that are supported by advanced technology and policy, such as lithium batteries and high-end manufacturing [5]. - Defensive sectors like non-ferrous metals, national defense, and environmental protection are expected to perform well in the short term, alongside consumer sectors with significant profit and price increases [5].

Investment Rating - The report maintains a positive outlook on the liquor sector, suggesting a focus on optional consumption and service consumption price performance, particularly in the context of the recent recovery in trading sentiment [1][7]. Core Insights - The liquor industry is currently experiencing a gradual decline in its economic climate, with expectations hinging on actual consumption performance validating recent policy implementations [1][7]. - The report highlights that the price stability of premium liquor, particularly the slight recovery in the price of Feitian Moutai, is positively impacting channel profits and asset expectations [1][8]. - The report anticipates that the upcoming performance period will primarily focus on clearing inventory, with expectations for improved feedback from channels and liquor companies as the spring festival approaches [8]. Summary by Sections Liquor Sector - The liquor sector's PE-TTM is approximately 20X, positioned at the 13th percentile over the past three years and the 8th percentile over the past five years, indicating it is still in a cyclical bottom range [2][8]. - The report suggests focusing on cyclical stocks with potential catalysts, including national brands like Luzhou Laojiao and Shanxi Fenjiu, as well as high-end brands like Guizhou Moutai and Wuliangye, which are expected to benefit from robust consumer demand [2][8]. Soft Drinks - The soft drink sector is showing signs of recovery, with categories like sugar-free tea, energy drinks, and protein drinks experiencing strong growth [3][9]. - East Peak's annual report indicates a revenue of 15.839 billion yuan for 2024, a year-on-year increase of 40.6%, and a net profit of 3.327 billion yuan, up 63.1% [3][9]. Snacks - The snack industry continues to thrive, with new channels and product innovations driving growth, despite market expectations of a slowdown in Q1 [10]. - The report highlights the potential for high growth in 2025 through category exploration and channel expansion, recommending companies like Weilang and Yanjin Puzhou [10]. Restaurant Chains - The restaurant chain sector is stabilizing at the bottom, with the seasoning segment performing relatively well due to the trend of restaurant chain standardization [11]. - The report suggests that as restaurant consumption policies strengthen, related sectors may see significant performance elasticity and valuation improvements, recommending stocks like Angel Yeast and Qingdao Beer [11].