商 品 研 究 研 究 所 晨 会 观 投资咨询业务资格： 证监许可[2011]1771号 分[析Ta师ble_Report] 点 精 萃 从业资格证号：F0256916 投资咨询证号：Z0000671 电话：021-68756925 邮箱：jialj@qh168.com.cn 明道雨 从业资格证号：F03092124 投资咨询证号：Z0018827 电话：021-68758786 邮箱：mingdy@qh168.com.cn 刘慧峰 从业资格证号：F3033924 投资咨询证号：Z0013026 电话：021-68751490 邮箱：Liuhf@qh168.com.cn 刘兵 从业资格证号：F03091165 投资咨询证号：Z0019876 联系电话：021-58731316 邮箱：liub@qh168.com.cn 王亦路 从业资格证号：F03089928 投资咨询证号：Z0019740 电话：021-68757092 邮箱：wangyil@qh168.com.cn 冯冰 从业资格证号：F3077183 投资咨询证号：Z0016121 电话：021-68757092 邮箱：fengb@qh168.com. ...

写在文章前的声明：在本文之前的说明：本文中所列的投资信息，只是一个对基金资产净值进行排行的客观描述，并无主观倾向性，也不是投资建议，纯属 娱乐性质。 | 排名 | 代码 | 基金简称 | 2025-08-20 | | 2025-08-19 | | 理业量 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 車位净值3 | 累计净值8 | 車位净值8 | 累计净值3 | | | 1 | 017744 | 嘉实绿色主题股票发起式A | 1.1888 | 1.1888 | 1.1232 | 1.1232 | 0.06 | | 2 | 017745 | 嘉实绿色主题股票发起式C | 1.1712 | 1.1712 | 1.1066 | 1.1066 | 0.06 | | 3 | 162214 | 宏利领先中小盘混合 | 0.9990 | 0.9990 | 0.9500 | 0.9500 | 0.04 | | 4 | 021492 | 中航远见领航混合发起C | 1.3618 | 1.4418 | 1.2951 | 1.3751 | 0.06 | | ...

Core Viewpoint - The A-share market has reached new highs in 2023, with all three major indices showing positive growth, indicating a strong market sentiment and potential for continued upward movement [1][2]. Market Performance - As of July 22, 2023, the Shanghai Composite Index rose by 0.62% to 3581.86, the Shenzhen Component Index increased by 0.84% to 11099.83, and the ChiNext Index gained 0.61% to 2310.86 [2]. - The total trading volume in the Shanghai and Shenzhen markets was 1.89 trillion yuan, an increase of 193.1 billion yuan compared to the previous trading day, with over 2500 stocks rising and more than a hundred stocks hitting the daily limit [2]. Sector Performance - The infrastructure sector showed strong performance, particularly in cement stocks, which experienced a surge in limit-up stocks. Other sectors such as coal, organic silicon, pork, liquor, precious metals, and Hainan Free Trade Zone also saw significant gains [4]. - Specific stocks in the hydropower sector, including Poly Union, China Power Construction, and Jiangnan Chemical, saw nearly 20 stocks hit the daily limit [5]. - The coal sector experienced a notable afternoon rally, with companies like Lu'an Environmental Energy, Jinkong Coal Industry, and Shanmei International seeing eight stocks hit the daily limit [6]. Capital Flow - Main capital inflows were observed in the coal, machinery equipment, and precious metals sectors, while outflows were noted in pharmaceuticals, public utilities, and education sectors [7]. - Individual stocks such as Great Wall Military Industry, Kweichow Moutai, and Tebian Electric Apparatus received net inflows of 929 million yuan, 782 million yuan, and 578 million yuan, respectively [8]. - Conversely, stocks like Northern Rare Earth, Wolong Electric Drive, and Construction Industry faced net outflows of 883 million yuan, 701 million yuan, and 676 million yuan, respectively [9]. Institutional Insights - Guorong Securities suggests that the market's upward trend is likely to continue [10]. - Dexun Securities notes that the indices are steadily rising, showcasing a healthy structure of price increase and volume growth, with strong bullish momentum and improved market sentiment [11]. - Zhongtai Securities indicates that the current market sentiment is high, fueled by recent large-scale infrastructure announcements, and suggests maintaining a relatively optimistic outlook while focusing on sectors like robotics and low-altitude economy [11].

Market Performance - The liquor concept index rose by 0.83%, ranking sixth among concept sectors, with 28 stocks increasing in value [1] - Notable gainers included Huangtai Liquor, which hit the daily limit, and other stocks like Yingjia Gongjiu, Jinzongzi Liquor, and Zhongrui Co., which rose by 7.19%, 5.67%, and 5.42% respectively [1] Capital Flow - The liquor sector saw a net inflow of 1.559 billion yuan, with 30 stocks receiving net inflows, and 6 stocks exceeding 100 million yuan in net inflow [2] - Leading the net inflow was Kweichow Moutai with 357 million yuan, followed by Luzhou Laojiao, Wuliangye, and Shanxi Fenjiu with net inflows of 341 million yuan, 218 million yuan, and 205 million yuan respectively [2] Stock Performance - Stocks with the highest net inflow ratios included Huangtai Liquor at 30.18%, Luzhou Laojiao at 17.06%, and Yiyaton at 15.50% [3] - Kweichow Moutai had a slight increase of 0.19% with a turnover rate of 0.28% and a net inflow of 357.21 million yuan [4] - Other notable performers included Luzhou Laojiao with a 2.78% increase and a turnover rate of 1.20%, and Wuliangye with a 1.94% increase and a turnover rate of 0.76% [4] Decliners - The stocks with the largest declines included Liujin Technology, Ju Li Suo Ju, and *ST Yedao, which fell by 5.26%, 3.01%, and 2.68% respectively [1]

Group 1 - The brain-computer interface sector experienced a decline of 3.34%, ranking among the top losers in the concept sector as of the market close on June 20 [1][2] - Within the brain-computer interface sector, major companies such as Hanwei Technology, Nanjing Panda, and Aipeng Medical saw significant declines, while only two stocks, Haige Communication and ST Huatuo, recorded gains of 1.46% and 1.05% respectively [1][2] - The sector faced a net outflow of 546 million yuan from main funds, with 23 stocks experiencing net outflows, and seven stocks seeing outflows exceeding 30 million yuan [2] Group 2 - Hanwei Technology led the outflow with a net withdrawal of 133 million yuan, followed by Innovative Medical and Tom Cat with outflows of 129 million yuan and 116 million yuan respectively [2][3] - The stocks with the highest net inflows included ST Huatuo, Haige Communication, and Lepu Medical, with inflows of 58.93 million yuan, 35.06 million yuan, and 23.44 million yuan respectively [2][3] - The trading volume for Hanwei Technology was 12.95%, indicating a high turnover rate despite the decline of 6.59% in its stock price [2][3]

Concept Performance - The PET copper foil concept saw a daily increase of 2.09%, while the combustible ice concept experienced a decline of 4.14% [1] - Other notable increases included photolithography at 1.45% and BC battery at 1.13%, while short drama games fell by 3.07% [1] Low-E Glass Concept - The Low-E glass concept had a net inflow of 0.45 billion yuan, with seven stocks receiving net inflows, led by Wanshun New Materials with 20.91 million yuan [1] - Key stocks in the Low-E glass concept included Wanshun New Materials, Hainan Development, and Qibin Group, with respective net inflows of 20.91 million yuan, 17.66 million yuan, and 13.23 million yuan [1] Stock Performance - As of June 20, the Low-E glass concept increased by 0.64%, ranking 10th among concept sectors, with Wanshun New Materials, Hainan Development, and Qibin Group leading the gains at 4.68%, 2.64%, and 1.62% respectively [3] - Decliners in the Low-E glass concept included XinSai Co., Sanxia New Materials, and AnCai High-Tech, with declines of 2.53%, 1.00%, and 0.22% respectively [3] Fund Flow Ratios - Fund inflow ratios were highest for Qibin Group, Wanshun New Materials, and Hainan Development, with net inflow rates of 11.05%, 7.29%, and 5.62% respectively [2][4] - Wanshun New Materials had a trading volume of 20.91 million yuan and a turnover rate of 7.81% [2]

Core Viewpoint - The perovskite battery concept has shown a positive performance with a 1.06% increase, ranking fourth among concept sectors, indicating growing investor interest and potential in this technology [1][2]. Market Performance - As of June 20, the perovskite battery sector saw 35 stocks rise, with notable performers including: - Keheng Co., Ltd. (科恒股份) reaching a 20% limit up - Saiwu Technology (赛伍技术) and GCL-Poly Energy (协鑫集成) also hitting the limit up - Jin Xin Nuo (金信诺) and Woge Optoelectronics (沃格光电) increasing by 6.43% and 4.18% respectively [1][2]. - The sector experienced a net inflow of 566 million yuan, with 31 stocks receiving net inflows, and 7 stocks exceeding 30 million yuan in net inflow [2]. Key Stocks and Their Performance - The top stocks in the perovskite battery sector based on net inflow and performance include: - Keheng Co., Ltd. (科恒股份): 20% increase, 2.51 billion yuan net inflow - GCL-Poly Energy (协鑫集成): 9.91% increase, 2.50 billion yuan net inflow - Saiwu Technology (赛伍技术): 10.04% increase, 963.47 million yuan net inflow - Jin Xin Nuo (金信诺): 6.43% increase, 581.85 million yuan net inflow [3][4]. Sector Comparison - The perovskite battery sector's performance is compared to other sectors, with notable increases in: - PET Copper Foil: 2.09% - Lithography Glue: 1.45% - BC Battery: 1.13% - Conversely, sectors like Combustible Ice and Brain-Machine Interface saw declines of -4.14% and -3.34% respectively [2].

Market Overview - The Shanghai Composite Index is at 3364.83 points, up 0.08%, while the Shenzhen Component Index is at 10032.64 points, down 0.19%, and the ChiNext Index is at 2015.47 points, down 0.56% [1][2] - Over 3200 stocks in the market are down, with nearly 2000 stocks rising [1] Sector Performance - Banking stocks continue to perform strongly, with several stocks like Bank of Communications reaching historical highs [2] - The liquor, solid-state battery, and photolithography sectors are among the top gainers, while military, oil and gas, and stablecoin concepts show localized activity [2] - The short drama and CPO concepts have collectively declined [2] Detailed Sector Analysis - The liquor sector increased by 2.98% with a capital inflow of 11.02 million [3] - The PET copper foil sector rose by 2.22% with a capital inflow of 4.86 million [3] - The insurance sector saw a 2.16% increase with a capital inflow of 2.50 million [3] - The electronic chemicals sector increased by 2.04% with a capital inflow of 7.66 million [3] - Conversely, the short drama game sector decreased by 2.46% with a capital outflow of 13.947 million [3] Institutional Insights - Guojin Securities' advisor believes the market shows significant overselling characteristics, indicating a higher probability of a short-term rebound, but advises caution in position management [5] - Shenzhen Dexun Securities' advisor notes that the market is adjusting around the 3400-point mark, with a shift in market style as sectors like biomedicine and digital currency retreat, suggesting that undervalued high-dividend and consumer sectors may become the main focus in the second half of the year [6]

Core Viewpoint - The A-share market is experiencing active trading in the consumer sector, particularly in food, dairy, and liquor industries, with several companies reaching their daily price limits [1] Group 1: Industry Performance - The food, dairy, and liquor sectors are leading the gains in the A-share market [1] - Notable companies such as Jiaotong Anli, Kuaijishan, Quanyangquan, and Junyao Health have hit the daily limit [1] - Other companies like Qishi Dairy, Huanlejia, Xibu Muye, and Youyou Food are also seeing rapid increases in their stock prices [1]

Group 1 - The organic silicon concept rose by 1.92%, ranking 9th among concept sectors, with 28 stocks increasing in value, including Jitai Co., which hit the daily limit, and Yian Technology, Yuanxiang New Materials, and Huami New Materials, which rose by 14.40%, 11.08%, and 10.24% respectively [1] - The top gainers in the organic silicon sector included Yian Technology with a net inflow of 384 million yuan, followed by Zhongqi New Materials, Xingfa Group, and Xin'an Co., with net inflows of 87.99 million yuan, 76.39 million yuan, and 56.08 million yuan respectively [1][2] - The main funds' net inflow rates for Xin'an Co., Xingfa Group, and Yian Technology were 22.24%, 19.35%, and 16.89% respectively, indicating strong investor interest [2] Group 2 - The organic silicon sector saw a net inflow of 602 million yuan today, with 20 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflows [1] - The top stocks by net inflow in the organic silicon sector were Yian Technology, Zhongqi New Materials, and Xingfa Group, with respective net inflows of 384 million yuan, 87.99 million yuan, and 76.39 million yuan [1][2] - The overall market performance showed a mixed trend, with some sectors like PEEK materials gaining 3.40% while others like the horse racing concept declining by 1.41% [1]