Group 1 - The core viewpoint of the articles highlights the resilience of domestic consumption in April, despite external pressures, with a focus on structural opportunities in the consumer sector driven by government policies to boost consumption [3][4]. - The main consumer ETF (159672) has shown a 0.90% increase, with a trading volume of 476.07 million yuan, indicating strong market interest [3]. - The major consumer index (000932) has a year-to-date maximum drawdown of 5.57%, with a management fee of 0.50%, making it one of the lowest in comparable funds [4]. Group 2 - As of April 30, 2025, the top ten weighted stocks in the major consumer index account for 67.16% of the index, with notable companies including Yili (600887) and Kweichow Moutai (600519) [5]. - The major consumer ETF has achieved a maximum monthly return of 24.35% since its inception, with an average monthly return of 5.36% during rising months [4]. - The latest price-to-earnings ratio (PE-TTM) for the major consumer index is 19.95, indicating it is at a historical low compared to the past year [4].

Core Points - The A-share market's three major indices closed mixed, with the CSI Hong Kong-Shenzhen Brand Consumption 50 Index down by 0.77% to 2806.58 points, with a trading volume of 28.875 billion yuan [1] - Over the past month, the CSI Hong Kong-Shenzhen Brand Consumption 50 Index has decreased by 5.34%, increased by 3.82% over the past three months, and has risen by 2.24% year-to-date [1] - The index comprises 50 leading consumer companies from the mainland and Hong Kong markets, selected based on profitability and growth characteristics, reflecting the overall performance of leading consumer companies in the three regions [1] Index Composition - The top ten holdings of the CSI Hong Kong-Shenzhen Brand Consumption 50 Index are: Gree Electric Appliances (10.7%), Kweichow Moutai (10.27%), Midea Group (9.01%), Wuliangye (8.93%), Yili Group (6.18%), Kuaishou-W (6.13%), Anta Sports (5.48%), Master Kong (4.04%), Shanxi Fenjiu (3.37%), and Nongfu Spring (3.36%) [1] - The market share of the index's holdings is distributed as follows: Hong Kong Stock Exchange 35.42%, Shanghai Stock Exchange 32.76%, and Shenzhen Stock Exchange 31.82% [1] Industry Breakdown - The industry composition of the index's sample includes: primary consumption 47.76%, discretionary consumption 41.57%, telecommunications services 8.54%, and information technology 2.13% [2] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [2] Fund Tracking - Public funds tracking the SHS Brand Consumption 50 include the Huatai-PineBridge CSI Hong Kong-Shenzhen Brand Consumption 50 ETF [3]

Group 1 - The A-share market's three major indices closed mixed, with the Shanghai Consumer 50 Index rising by 0.43% to 8251.36 points, with a trading volume of 39.565 billion yuan [1] - The Shanghai Consumer 50 Index has decreased by 4.50% over the past month, increased by 1.55% over the past three months, and has fallen by 3.01% year-to-date [1] - The index reflects the overall performance of consumer-related securities listed on the Shanghai Stock Exchange, with a base date of December 31, 2004, and a base point of 1000.0 [1] Group 2 - The top ten weighted stocks in the Shanghai Consumer 50 Index include Kweichow Moutai (10.51%), Yili Group (10.44%), and others, with the total weight of the top ten accounting for a significant portion of the index [1] - The index's holdings are entirely composed of stocks listed on the Shanghai Stock Exchange, with optional consumption accounting for 51.26% and major consumption accounting for 48.74% of the holdings [1] - The index sample is adjusted every six months, with adjustments typically occurring on the next trading day after the second Friday of June and December, with a sample adjustment ratio not exceeding 10% [2]

金融界4月1日消息，A股三大指数收盘涨跌不一，中证沪港深500下游指数 (沪港深500下游，H30563)报 4779.69点。 数据统计显示，中证沪港深500下游指数近一个月上涨0.99%，近三个月上涨12.97%，年至今上涨 12.97%。 据了解，"中证沪港深主题指数系列基于中证沪港深互联互通综合指数样本和中证沪港深 500 指数样 本，同时结合中证行业分类的主题定义，选取相应主题指数样本，从多种主题投资的角度反映了在沪港 深三地上市的互联互通范围内证券的整体表现。"该指数以2004年12月31日为基日，以1000.0点为基 点。 资料显示，该指数系列样本每半年调整一次，样本调整实施时间分别为每年6月和12月第二个星期五的 下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个 定期调整日前，权重因子一般固定不变。特殊情况下将对该指数系列样本进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处 理。当中证沪港深互联互通综合指数和中证沪港深500指数样本发生变动时，将进行相应调整。 从中证沪港深500下游指数 ...

Core Viewpoint - The China Securities Major Consumer Dividend Index has shown a slight increase of 0.08%, indicating a stable performance in the consumer sector despite recent fluctuations in the broader market [1]. Group 1: Index Performance - The China Securities Major Consumer Dividend Index has increased by 4.17% over the past month, but has decreased by 4.25% over the last three months and is down 2.97% year-to-date [2]. - The index is designed to reflect the overall performance of high dividend yield securities in the major consumer sector, calculated using a dividend yield weighting method [2]. Group 2: Index Composition - The top ten weighted stocks in the index include: Shuanghui Development (5.44%), COFCO Sugar (4.55%), Meihua Biological Technology (3.92%), Yili Group (3.4%), and others, with a total of 10 companies listed [2]. - The index's holdings are primarily listed on the Shenzhen Stock Exchange (51.40%) and the Shanghai Stock Exchange (48.60%) [2]. - The index exclusively comprises stocks from the major consumer sector, with a 100% allocation [2]. Group 3: Index Adjustment Mechanism - The index samples are adjusted annually, with the adjustment occurring on the next trading day after the second Friday of December [3]. - A buffer zone is established for sample selection, allowing certain stocks to be exempt from strict criteria if they meet specific cash dividend yield and trading volume conditions [3]. - The weight factors are adjusted in line with the sample changes, and temporary adjustments can occur under special circumstances [3].