Wind数据显示，截至8月15日，今年以来上证指数、深证成指、创业板指分别累计上涨10.29%、11.71%、 18.33%，上证指数一度突破3700点，创逾3年新高。A股总市值为108.87万亿元，今年以来累计增加15.11万 亿元。 随着市场的持续走强，A股翻倍股不断增多。截至8月15日，今年以来，剔除上市新股，310只股票涨幅超 100%，医药生物、机械设备行业涨幅超100%的股票超50只。而最新收盘价（前复权）在2元以下的低价股 数量仅剩39只。 310只股票涨超100% 从行业板块来看，Wind数据显示，截至8月15日，今年以来申万一级31个行业中，多数行业板块上涨，有色 金属、通信、医药生物行业涨幅居前，分别上涨33.79%、29.97%、23.58%，机械设备、传媒、国防军工行 业均涨逾20%。仅有6个行业板块下跌，煤炭、食品饮料、石油石化行业跌幅居前，分别下跌8.44%、 6.14%、2.34%。 今年以来行业市场表现情况 | 证券代码 | 证券简称 | | 今年以来涨 年初总市值 | 最新总市值 | 所属申万 | | --- | --- | --- | --- | --- | --- | | ...

Group 1 - The A-share market continues its upward trend, with the cash flow strategy performing well, as evidenced by the 500 cash flow index rising by 2.23% and the free cash flow index increasing by 1.68% as of 1:30 PM on August 15 [1] - Over 300 A-share companies have disclosed their semi-annual reports by August 14, with nearly 200 companies reporting year-on-year growth in net profit attributable to shareholders, over 30 companies turning losses into profits, and nearly 30 companies achieving a year-on-year profit increase of more than 100% [1] - Key industries such as automotive, electrical equipment, and non-ferrous metals have shown strong performance in the first half of the year among A-share companies [1] Group 2 - The free cash flow ETF (159201) focuses on industry leaders with abundant free cash flow, covering sectors such as home appliances, automotive, non-ferrous metals, electrical equipment, and oil and petrochemicals, providing significant industry diversification to mitigate single-industry volatility risks [1] - The fund management annual fee rate is 0.15%, and the custody annual fee rate is 0.05%, both of which are the lowest in the market [1] - The cash flow 500 ETF (560120) targets sectors like non-ferrous metals, basic chemicals, transportation, machinery, and pharmaceuticals, combining growth and quality with characteristics of small and mid-cap stocks [2]

Core Viewpoint - The article highlights the significant presence of social security funds in the stock market, particularly focusing on their investments in various sectors and specific companies as of the first half of 2025 [1][3]. Group 1: Social Security Fund Holdings - As of August 13, 2025, 281 A-share listed companies have disclosed their mid-year reports, with 42 companies having social security funds among their top ten circulating shareholders [3][6]. - The total number of shares held by social security funds amounts to 789 million, with a market value of 14 billion yuan [3][9]. - The top three companies by market value held by social security funds are Changshu Bank (20.47 billion yuan), Pengding Holdings (13.78 billion yuan), and Haida Group (12.32 billion yuan) [3][4]. Group 2: Sector Analysis - Social security funds have significant holdings in the basic chemical and banking sectors, each exceeding 2 billion yuan, while holdings in the electronics and pharmaceutical sectors exceed 1.2 billion yuan [9][11]. - The total market value of social security fund holdings in the basic chemical sector is 23.97 billion yuan, and in the banking sector, it is 20.47 billion yuan [9][11]. Group 3: Changes in Holdings - In the second quarter of 2025, social security funds entered the top ten shareholders of 15 new stocks, with notable investments in Yanjing Beer, Chuanfeng Power, and Weixing Chemical, each exceeding 300 million yuan [6][9]. - The largest increase in holdings was seen in Changshu Bank, with an additional 23.8 million shares acquired, followed by Haida Group and Pengding Holdings with increases of 10.15 million shares and 6.51 million shares, respectively [8][9].

养老金二级市场上持续落子布局，二季度末共现身15只个股前十大流通股东榜，其中，新进9只，增持3 只。 证券时报 数据宝统计显示，养老金账户最新出现在15只个股前十大流通股东名单中，合计持股量1.06亿 股，期末持股市值合计39.03亿元。 二季度末养老金账户对宏发股份（600885）的持股量最多，基本养老保险基金八零七组合、基本养老保 险基金一五零二二组合为公司第九、第七大流通股东，合计持股量为2822.27万股；其次是卫星化学 （002648），基本养老保险基金八零八组合为公司第十大流通股东，持股量为1996.72万股。从期末持 股市值看，养老金账户期末持股市值在亿元以上的有9只股，分别是春风动力（603129）、宏发股份、 卫星化学等。 持股比例方面，养老金账户持股比例最多的是春风动力，二季度末基本养老保险基金一六零三二组合、 基本养老保险基金一六零二二组合为公司第九、第三大流通股东，合计持股量为795.14万股，占流通股 比例5.21%。养老金持股比例居前的还有容知日新、果麦文化（301052）等，持股比例分别为4.04%、 2.40%。 养老金和社保基金均由全国社保基金理事会负责运作。数据宝对养老金账 ...

作者 | 第一 财经 周斌 2025.08. 14 本文字数：1625，阅读时长大约3分钟 随着上市公司半年报披露，社保基金二季度调仓动向逐渐显现。 据Choice统计，截至8月14日，社保基金已在近50家上市公司半年报前十大流通股东中现身，合计 持股数量超过8亿股，持股市值合计超过151亿元。从持股变动来看，新进17只个股，增持15只，减 持9只，没有变化的共有有8只。 二季度，社保基金持仓股票中，增持的主要涉及银行、化工、电子等行业，偏好业绩稳定增长的个 股；新进个股行业分布则较为多元，既关注传统优势行业，也布局新兴成长领域。 在银行板块中，常熟银行成为社保基金较为青睐的个股，截至6月底，共有4个组合出现在该行十大 流通股东名单中，合计持股 2.78 亿股，占该行流通股比例达到8.38%，其中新增持股2379.72万 股， 新进个股方面，截至目前，社保基金二季度共新进了17只个股，其中5只持股超过千万股，其中持股 数量最多的是卫星化学（002648.SZ），为2016.93万股；其次是苏试试验（300416.SZ），持股 数量1486.20万股，另有4个社保基金组合同时进入该公司前十大流通股东名单。 从新 ...

➢ 行业配置和选股均贡献高超额收益。基金池整体表现出了较强的行业配置和 选股能力，选股长期稳定地为组合贡献超额收益，偏好高流动性、高动量、成长 属性突出，最新一期更偏大盘、且持仓股质量有所提升。主板块上以消费为主， 新一期组合增加了对于制造和金融行业的持仓。 ➢ 长期成长型基金定义与精选。主要以持仓行业和个股的属性进行长期成长型 基金的定义，选择近一年基金重仓股中成长股平均占比>60%，且占比最小 值>40%，在此基础上近一年重仓股中长期成长股占比>40%的基金样本为长期 成长型基金。对于长期成长基金池的筛选，我们主要去寻找持仓股盈利能力较强、 管理效率更高、且预期分红较高的基金，当前基金池列表如下： 新一期长期成长组合基金列表 | 基金代码 | 基金简称 | 基金经理 | 规模(亿元) | 今年回报 | | --- | --- | --- | --- | --- | | 008063.OF | 汇添富大盘核心资产混合 A | 王栩 | 18.53 | 17.43% | | 001679.OF* | 前海开源中国稀缺资产混合 A | 曲扬 | 21.75 | -4.45% | | 008866.OF* | 博 ...

振华股份股价创出历史新高，截至9:46，该股上涨5.45%，股价报17.40元，成交量919.26万股，成交金 额1.56亿元，换手率1.29%，该股最新A股总市值达123.67亿元，该股A股流通市值123.67亿元。 证券时报·数据宝统计显示，振华股份所属的基础化工行业，目前整体跌幅为0.09%，行业内，目前股价 上涨的有143只，涨幅居前的有金浦钛业、振华股份、阳谷华泰等，涨幅分别为5.46%、5.45%、 5.44%。股价下跌的有275只，跌幅居前的有华信新材、C天富龙、横河精密等，跌幅分别为3.98%、 3.96%、3.55%。 两融数据显示，该股最新（8月13日）两融余额为3.80亿元，其中，融资余额为3.80亿元，近10日增加 7437.28万元，环比增长24.36%。 公司发布的一季报数据显示，一季度公司共实现营业收入10.20亿元，同比增长7.59%，实现净利润1.17 亿元，同比增长37.27%，基本每股收益为0.2300元，加权平均净资产收益率3.65%。（数据宝） （文章来源：证券时报网） ...

Core Insights - The Social Security Fund has disclosed its stock holdings as of the end of Q2, appearing in the top ten shareholders of 43 companies, with new investments in 15 stocks and increased holdings in 10 stocks [1][2] Group 1: Stock Holdings - The total number of shares held by the Social Security Fund is 791 million, with a total market value of 14.086 billion [1] - The most significant holdings are in Changshu Bank, with 4 funds listed among the top ten shareholders, holding a total of 278 million shares, representing 8.38% of the circulating shares [1][2] - Other notable holdings include Nanwei Medical at 4.89% and Ganyuan Food, among others [1] Group 2: Performance Metrics - Among the stocks held, 34 companies reported a year-on-year increase in net profit, with the highest growth seen in Rongzhi Rixin at 2063.42% [2] - The average increase in the stock prices of the Social Security Fund's major holdings since July is 15.88%, outperforming the Shanghai Composite Index [2] - The best-performing stock is Dingtong Technology, with a cumulative increase of 84.69%, followed by Pengding Holdings and Guomai Culture [2] Group 3: Sector Distribution - The stocks held by the Social Security Fund are primarily concentrated in the pharmaceutical, basic chemical, and electric equipment sectors, with 6, 5, and 3 stocks respectively [2] - The distribution includes 30 stocks from the main board, 7 from the ChiNext board, and 6 from the Sci-Tech Innovation board [2]

Core Insights - The article highlights the recent movements of social security funds in the stock market, revealing that 15 new stocks were added to their portfolio in the second quarter [1] - A total of 286 companies have released their semi-annual reports, and the top ten circulating shareholders' data indicates the actions of institutional investors [1] Summary by Category Social Security Fund Holdings - Social security funds appeared in 43 stocks, with 15 new entries, 10 increased holdings, 11 reduced holdings, and 7 stocks with unchanged holdings [1] - The stock with the highest number of social security fund entries is Su Shi Testing, with three funds listed among the top ten shareholders, holding a total of 14.86 million shares, accounting for 2.94% of circulating shares [1] New Stocks and Holdings - Among the newly added stocks, the highest holding percentage by social security funds is in Zhong Chumei, with a holding ratio of 3.45%, followed by Beiding Co., Ltd. at 3.16% [1] - The stock with the largest number of shares held by social security funds is Satellite Chemical, with 20.17 million shares, followed by Su Shi Testing and Zhongyuan Expressway with 14.86 million shares and 13 million shares, respectively [1] Performance of New Stocks - In terms of performance, 14 out of the new stocks reported year-on-year net profit growth, with the highest increase seen in Xin Qiang Lian, achieving a net profit of 399.61 million yuan, a year-on-year increase of 496.60% [2] - Other notable companies with significant net profit growth include Ta Pai Group and Guo Mai Culture, with increases of 92.47% and 80.38%, respectively [2] New Stock List - A detailed list of new stocks includes: - Zhong Chumei: 320,000 shares, 3.45% [2] - Beiding Co., Ltd.: 1,000,000 shares, 3.16% [2] - Su Shi Testing: 1,486,200 shares, 2.94% [2] - Xin Qiang Lian: 555,560 shares, 2.08% [2] - Other companies include Chunfeng Power, Guo Mai Culture, Ta Pai Group, and more, with varying shareholdings and industry classifications [2]

Core Insights - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Market Overview - As of August 13, there are 991 stocks with a circulating market value below 3 billion yuan, and 409 stocks with a circulating market value below 2 billion yuan [1] - A total of 1,663 stocks have a total market value below 5 billion yuan, with 578 stocks below 3 billion yuan [1] Smallest Stocks by Circulating Market Value - The three stocks with the smallest circulating market values are: - *ST Zitian: 440 million yuan - Liren Technology: 605 million yuan - Bofei Electric: 639 million yuan [1] Smallest Stocks by Total Market Value - The three stocks with the smallest total market values are: - *ST Zitian: 444 million yuan - *ST Yuancheng: 723 million yuan - *ST Suwu: 739 million yuan [1] Selected Stocks with Low Market Values - A table lists various stocks with circulating and total market values below 1 billion yuan, including: - *ST Zitian: Circulating market value 440 million yuan, total market value 444 million yuan, P/E ratio 39.34 [1] - Liren Technology: Circulating market value 605 million yuan, total market value 2.032 billion yuan, P/E ratio 239.74 [1] - Bofei Electric: Circulating market value 639 million yuan, total market value 2.798 billion yuan, P/E ratio 162.91 [1] - Other notable stocks include: - Kuntai Co.: Circulating market value 657 million yuan, total market value 2.379 billion yuan, P/E ratio 90.44 [1] - Yangzhou Jinqiao: Circulating market value 682 million yuan, total market value 2.724 billion yuan, P/E ratio 22.16 [1]