出品｜公司研究室 å文｜雪岩 据不完全统计，截至1月21日收盘时，A股共有587家上市公司披露了2025年度业绩预告。从净利润增幅上限来看，超五成上市公司业绩预喜（包括预增、略 增、续盈、扭亏）。 二级市场对个股业绩关注度升温，但 不少投资者不知道如何参与。目前，参与预喜机会的高效工具当属买进对应主题的投资基金。究竟哪些行业预喜公司 较为集中？哪些基金值得关注？应该如何买入？ 业绩预喜公司 主要集中在哪些行业？ 根据沪深两市业绩预告（尤其是2025年三季度及全年预告），A股预喜公司数量排名前五的行业是：电子、基础化工、汽车、医药生物、机械设备。这五大 行业的预喜公司合计数量，占目前已披露预喜公司总数的近56.6%。这主要反映了上述行业上市公司基数大、景气面广的特点。 从预喜率看，有色金属、钢铁、汽车、家用电器、基础化工这五大行业非常高。 此外，随着国家电网"十五五"期间投资4万亿更新设备的消息发布，电力设备&电网/核电相关公司成为市场热点。除了国家电网"十五五"投资预期升温，AI 数据中心高耗电推动核电采购（谷歌、微软、Meta布局），特高压、柔性直流输电项目落地也是重要原因。 业内人士分析，眼下正处于年报季 ...

Group 1: Consumer Products - The export growth rates for electric tools, hand tools, and lawn mowers from January to November 2025 are -1%, -6%, and 34% respectively, with November showing a month-on-month increase due to the fading high base effect and strong seasonal demand for replenishment in overseas markets [4] - Exports of electric tools, hand tools, and lawn mowers to North America from January to November 2025 have seen significant declines of -21%, -10%, and -14% respectively, with November figures showing a year-on-year drop of -40%, -17%, and -44% [4] - Lawn mower exports are primarily directed towards Europe, with 63% of exports in 2024 and 71% in January to November 2025, showing a year-on-year growth of 20% in the same period [5] Group 2: Capital Goods - Industrial sewing machines have the highest export market in Asia, accounting for 67% of total exports from January to November 2025, with major markets including Vietnam, India, and Indonesia [6] - Forklift exports are primarily to Europe (34%), Asia (30%), and Latin America (15%), with a notable decline in the European market share due to the situation in Russia [6][7] - Machine tool exports are mainly directed towards Asia, with a 50% share in January to November 2025, while exports to Russia have fluctuated significantly, dropping from 22% in 2023 to 10% in 2025 [7] - Mining machinery exports are led by Asia, Africa, and Europe, with cumulative export growth rates of +23%, +33%, and +19% respectively from January to November 2025 [7] - Emerging markets in Africa, Asia, and Latin America have shown strong growth, with forklift exports to these regions increasing by 36%, 16%, and 12% respectively [7]