证券之星消息，12月18日其他家电板块较上一交易日上涨6.08%，奥佳华领涨。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。其他家电板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日其他家电板块主力资金净流入9234.92万元，游资资金净流出4457.76万元，散 户资金净流出4777.15万元。其他家电板块个股资金流向见下表： ...

证券之星消息，12月17日其他家电板块较上一交易日上涨0.36%，荣泰健康领涨。当日上证指数报收于 3870.28，上涨1.19%。深证成指报收于13224.51，上涨2.4%。其他家电板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日其他家电板块主力资金净流出2328.22万元，游资资金净流入617.53万元，散户 资金净流入1710.69万元。其他家电板块个股资金流向见下表： ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月16日其他家电板块较上一交易日下跌2.5%，奥佳华领跌。当日上证指数报收于 3824.81，下跌1.11%。深证成指报收于12914.67，下跌1.51%。其他家电板块个股涨跌见下表： 从资金流向上来看，当日其他家电板块主力资金净流出1227.92万元，游资资金净流出843.5万元，散户 资金净流入2071.42万元。其他家电板块个股资金流向见下表： ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月15日其他家电板块较上一交易日下跌0.35%，融捷健康领跌。当日上证指数报收于 3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。其他家电板块个股涨跌见下表： 从资金流向上来看，当日其他家电板块主力资金净流入231.51万元，游资资金净流出828.73万元，散户 资金净流入597.22万元。其他家电板块个股资金流向见下表： ...

证券之星消息，12月12日其他家电板块较上一交易日下跌0.11%，奥佳华领跌。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。其他家电板块个股涨跌见下表： 从资金流向上来看，当日其他家电板块主力资金净流出2058.48万元，游资资金净流出2125.65万元，散 户资金净流入4184.13万元。其他家电板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

| 代码 | | | 名称 主力净流入（元） 主力净占比 游资净流入（元） 游资净占比 散户净流）（元） 散户净占比 | | | | | --- | --- | --- | --- | --- | --- | --- | | 300247 融捷健康 | 216.71万 | 2.44% | -319.79万 | -3.60% | 103.08万 | 1.16% | | 603579 荣泰健康 | -375.21万 | -6.14% | -130.77万 | -2.14% | 505.98万 | 8.28% | | 002614 | -3102.76万 | -4.51% | 3061.52万 | 4.45% | 41.24万 | 0.06% | 证券之星消息，12月10日其他家电板块较上一交易日下跌1.04%，奥佳华领跌。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。其他家电板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | -- ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日其他家电板块主力资金净流出991.17万元，游资资金净流入2448.18万元，散户 资金净流出1457.01万元。其他家电板块个股资金流向见下表： 证券之星消息，12月9日其他家电板块较上一交易日下跌0.25%，融捷健康领跌。当日上证指数报收于 3909.52，下跌0.37%。深证成指报收于13277.36，下跌0.39%。其他家电板块个股涨跌见下表： ...

从资金流向上来看，当日其他家电板块主力资金净流入7067.44万元，游资资金净流出322.41万元，散户 资金净流出6745.03万元。其他家电板块个股资金流向见下表： | 代码 | | | 名称 │主力净流入（元）│主力净占比│游资净流入（元）│游资净占比│散户净流入（元）│散户净占比 | | | | | --- | --- | --- | --- | --- | --- | --- | | 002614 奥佳华 | 5684.62万 | 10.72% | 510.92万 | 0.96% | -6195.54万 | -11.69% | | 300247 融捷健康 | 1192.43万 | 8.32% | -65.79万 | -0.46% | -1126.64万 | -7.86% | | 603579 荣泰健康 | 190.39万 | 2.80% | -767.54万 | -11.28% | 577.15万 | 8.48% | 证券之星消息，12月8日其他家电板块较上一交易日上涨1.84%，融捷健康领涨。当日上证指数报收于 3924.08，上涨0.54%。深证成指报收于13329.99，上涨1.39%。其他家 ...

Quantitative Models and Construction Methods 1. Model Name: Quantitative Market Trend Judgment Framework - **Model Construction Idea**: The model aims to address the systematic rotation of market styles by identifying the dominant asset characteristics that represent the future mainstream market style. It evaluates assets based on the priority of "g > ROE > D" to determine whether there are good assets and whether they are overvalued[5][8][12] - **Model Construction Process**: 1. Define five style stages based on the industry lifecycle: external growth, quality growth, quality dividend, value dividend, and bankruptcy value[8] 2. Use the "g > ROE > D" priority to compare assets, focusing on growth (g), profitability (ROE), and dividend yield (D)[5][8] 3. Incorporate factors such as expected growth (gf), actual growth (g), profitability (ROE), and valuation metrics (PB, DP, BP) to classify and evaluate assets[9][12] 4. Apply the framework to select industries and allocate them equally within each strategy[19] - **Model Evaluation**: The framework has demonstrated strong explanatory power for A-share market style rotation since 2009, achieving an annualized return of 27.06%[19] --- Model Backtesting Results Quantitative Market Trend Judgment Framework - **Annualized Return**: 27.06% since 2009[19] - **Excess Returns by Year**: - 2017: 27% - 2020: 44% - 2022: 62% - 2024: 52% - 2025 (YTD): 8%[22] --- Quantitative Factors and Construction Methods 1. Factor Name: Expected Growth (gf) - **Factor Construction Idea**: Measures the expected growth rate of industries based on analysts' forecasts, regardless of the lifecycle stage[9] - **Factor Construction Process**: 1. Calculate the expected growth rate (gf) for each industry 2. Rank industries based on the highest expected growth rates 3. Select top-performing industries for allocation[9][38] - **Factor Evaluation**: The factor has shown significant excess returns since 2019, with notable performance in 2014-2015 and 2025[38] 2. Factor Name: Actual Growth (g) - **Factor Construction Idea**: Focuses on industries with the highest earnings momentum (△g), particularly during transition and growth phases[9] - **Factor Construction Process**: 1. Use △g to represent earnings momentum 2. Rank industries based on △g and select the top-performing ones 3. Incorporate additional factors such as SUE, SUR, and JOR for refinement[40] - **Factor Evaluation**: The factor has consistently delivered significant excess returns, especially in growth-dominant environments[40] 3. Factor Name: Profitability (ROE) - **Factor Construction Idea**: Targets industries with high ROE and low valuation under the PB-ROE framework, focusing on mature stages[9] - **Factor Construction Process**: 1. Calculate PB-ROE residuals for each industry 2. Rank industries based on residuals and select the top-performing ones[43] - **Factor Evaluation**: The factor performed strongly from 2016 to 2020 but has weakened since 2021[43] 4. Factor Name: Quality Dividend (DP + ROE) - **Factor Construction Idea**: Combines dividend yield (DP) and ROE to identify industries with the highest scores, focusing on mature stages[9] - **Factor Construction Process**: 1. Calculate DP and ROE for each industry 2. Combine the two metrics into a composite score 3. Rank industries and select the top-performing ones[46] - **Factor Evaluation**: The factor has shown significant excess returns in 2016, 2017, and 2023[46] 5. Factor Name: Value Dividend (DP + BP) - **Factor Construction Idea**: Combines dividend yield (DP) and book-to-price ratio (BP) to identify undervalued industries, focusing on mature stages[9] - **Factor Construction Process**: 1. Calculate DP and BP for each industry 2. Combine the two metrics into a composite score 3. Rank industries and select the top-performing ones[49] - **Factor Evaluation**: The factor has delivered significant excess returns in 2009, 2017, and 2021-2023[49] 6. Factor Name: Bankruptcy Value (PB + SIZE) - **Factor Construction Idea**: Targets industries with the lowest PB and SIZE scores, focusing on stagnation and recession stages[9] - **Factor Construction Process**: 1. Calculate PB and SIZE for each industry 2. Combine the two metrics into a composite score 3. Rank industries and select the lowest-scoring ones[52] - **Factor Evaluation**: The factor has shown significant excess returns in 2015-2016 and 2021-2023[52] --- Factor Backtesting Results Expected Growth (gf) - **Recent Performance**: - Lithium: +51.15% (3 months) - Frozen Food: +14.08% (3 months)[38] Actual Growth (g) - **Recent Performance**: - Lithium Chemicals: +51.88% (3 months) - Other Home Appliances: +14.93% (3 months)[41] Profitability (ROE) - **Recent Performance**: - Network Equipment: +12.18% (3 months) - Buses: +10.46% (3 months)[43] Quality Dividend (DP + ROE) - **Recent Performance**: - Timber Processing: +145.24% (3 months) - Lithium Equipment: +21.95% (3 months)[46] Value Dividend (DP + BP) - **Recent Performance**: - Network Equipment: +12.18% (3 months) - Security: -2.24% (3 months)[49] Bankruptcy Value (PB + SIZE) - **Recent Performance**: - Gas: +15.88% (3 months) - Building Renovation: +16.42% (3 months)[52]

证券之星消息，12月2日其他家电板块较上一交易日上涨0.65%，奥佳华领涨。当日上证指数报收于 3897.71，下跌0.42%。深证成指报收于13056.7，下跌0.68%。其他家电板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002614 | 喫佳化 | 7.56 | 2.58% | 29.30万 | | 2.20亿 | | 300247 | 融捷健康 | 5.02 | 0.60% | 26.63万 | | 1.33 Z | | 603579 | 荣泰健康 | 24.16 | -0.58% | 2.88万 | | 6955.25万 | 从资金流向上来看，当日其他家电板块主力资金净流出409.6万元，游资资金净流入2600.32万元，散户资 金净流出2190.72万元。其他家电板块个股资金流向见下表： | 代码 | | | 名称 ｜主力净流入（元）｜主力净占比｜游资净流入（元）｜游资净占比｜散户净流入（元）｜散户净占比 | | | | | --- | -- ...